Friday, April 11th, 2014 under
The North Carolina General Fund Revenue Report for April 2014 developed by the Fiscal Research Division of the General Assembly can be seen here. This report is an update provided by the General Assembly’s Fiscal Research Division that summarizes revenue for the current fiscal year and outlines the risks to revenue receipts for the current year.
The following is an excerpt from the report:
- General Fund collections through March are $12.1 million above the revenue target of $14.5 billion.
- Sales and Corporate Income tax revenue are the main reason collections are on target. Wage and salary income tax withholdings are below target.
- New tax law changes have made it difficult to time the patterns of base broadening and rate reductions. The most noticeable impact of this timing has been on the personal income tax.
- April holds the potential for a surprise in collections when volatile sources of income can significantly rise or fall below expectations.
- A steady, moderate growth pattern is expected to be with us throughout 2014. Most forecasters are not projecting economic growth to accelerate in 2015.
General Fund Revenue Report
Friday, April 4th, 2014 under
The following memo was sent by UNC system Chief Operating Officer, Mr. Charlie Perusse, to UNC system chief finance officers on April 2, 2014.
FY 2013-14 Spending Guidelines April 2, 2014
Wednesday, April 2nd, 2014 under
Chancellor Brady presented the following PowerPoint to members of the Faculty Senate during their regular meeting on April 2, 2014.
Presentation to Faculty Senate_Provisional Budget Reduction Plan 2014_15
Friday, March 21st, 2014 under
The following message was sent by Chancellor Brady to faculty and staff on March 13, 2014.
Dear faculty and staff,
I know that many of you are taking advantage of UNCG’s Spring Break to be with family and friends, but want to update you on decisions I have made regarding the budget cut we will experience during 2014-15. During the past several weeks I have engaged with the university community in a variety of settings. These opportunities for interaction with students, faculty, staff, academic department heads, members of our Board of Trustees and others have been very helpful as I reconsidered the initial allocation decision I shared with executive staff and the Deans Council in late January.
Based on the input I received I have made the final allocations, which are included in the attached document (Click here to download the proposed UNCG Cuts for 2014-15 Summary
). Notably, I have reduced the initial allocation to Academic Affairs from 84 percent of the total budget cut to 73 percent. The gap has been closed through the allocation of deeper cuts to other divisions of the university. While this does not exempt Academic Affairs from the budget cuts, it does, I believe, reflect the priority we place on our academic mission.
In coming weeks, the provost, vice chancellors, members of Deans Council, department heads and supervisors will work with faculty and staff to determine how best to make these reductions. I have made it clear that across-the-board reductions will not be supported, and that our primary goal must be to protect instruction and efforts to restore enrollment. I encourage you to get involved in this process within your school/college, department or other administrative unit. I have asked that provisional plans be prepared by the end of March, to enable me to present the overall university plan to the Faculty Senate on April 2. As you know, budget reduction plans across the UNC system do not become final until after the North Carolina General Assembly convenes on May 14 and adjourns in June following passage of the 2014-15 state budget.
Thanks for all you do for UNCG.
Linda P. Brady
Monday, March 3rd, 2014 under
Please click here to download the memo titled, “UNCG RIF Plan 2014-15.”