September 17, 2015
Dear Budget Sounding Board Members,
The North Carolina General Assembly is in the process of finalizing the biennium budget for the 2015‐16 and 2016‐17 fiscal years. As with previous updates sent by Provost Dunn and Vice Chancellor Maimone, the information below is our best prediction of how the budget decisions will affect UNCG. The exact impact to each constituent institution is determined by President Ross and the Board of Governors, who will be working over the next few weeks to make their final decisions.
Here are the items in the budget documents that will impact UNCG:
- $750 bonus to all state employees to be paid in December 2015
- Full funding of enrollment growth for both years ($2.3 million in 2015‐16 and $2.5 million in 2016‐17)
- Approximately 0.8% ($1.1M) management flexibility budget reduction for 2015‐16 and an additional 1% ($1.5M) for the 2016‐17 fiscal year
- A limit of $1M in state funds that can be used for fundraising expenses – for UNCG this could mean an additional budget reduction of $3.1M in the second year of thebiennium
- $474,000 appropriated to support in‐state tuition for veterans
- $100,000 for the North Carolina Research Campus
- $2M for the support of Union Square (UNCG expects $1M with the remainder going to NC A&T)
Attached you will find the updated budget dashboard that we have been using to track the progress of the budget process. If you have any questions, please contact Vice Chancellor Maimone (email@example.com) for more information.
While this news is challenging, I am confident that we are moving in a positive direction, especially given the fine work that has already been done to stabilize our enrollment. Every indication is that we will meet or possibly exceed our enrollment predictions for the year.
Thank you for all you are doing for UNCG. I am looking forward to meeting with the Budget Sounding Board very soon.
Franklin D. Gilliam, Jr.