Budget & Planning
FY19 Early Budget Guidance
The State of Alaska Office of Management and Budget (OMB) provided early budget development guidance to all state agencies emphasizing preparation for a general fund reduction in the 5 percent range. It is very early in the process and this is expected to change as the Legislative session progresses.
For FY19, the Board of Regents approved a $341 million budget request. This level of request supports both fixed costs and UA’s Strategic Investment goals. These goals include: contributing to Alaska’s economic development, providing Alaska’s skilled workforce, growing our world class research and increasing degree attainment of our students.
The budget is built around an aggressive long-term strategic goal that 65 percent of Alaskan adults obtain a credential by 2025.
UA is requesting $50 million in FY19 to fund deferred maintenance (DM) and R&R work. UAF is distributed a percentage of UA System DM funds. For FY19, this distribution is estimated at $30.2 million for UAF, if funded. DM funds are utilized in areas of highest priority and include renewal and renovation (R&R), code, and ADA items. UAF’s facility needs are the highest in the UA System.
Governor Walker’s budget will be released in mid-December 2017 and the legislative session will run from January through April 2018, although in recent years special sessions have continued through June. UA contingency budget planning expectations are likely to be communicated in January 2018.
UAF is making every effort to focus its remaining resources on core mission activities, and to communicate to faculty, staff and current and prospective students that UAF continues to be a strong institution with a bright future.
Please feel free to provide feedback HERE as UAF works to implement solutions to these challenges.
UA is currently also leading a review of some key academic and administrative areas in an effort to streamline operations, known as the UA Strategic Pathways review. For more information on this review please visit the website.
UAF funding comes from a variety of sources. About 38 percent is from state general funds and the remaining 62 percent comes from things like externally funded research activity, student tuition and fees, and auxiliary activities. Because a large percentage of the UAF budget comes from the state, and because the cost of doing business rises with inflation each year, even flat state funding has a sizeable effect on UAF operations. In recent years, as state revenues declined, appropriations to the university have gone from flat to reduced.
Planning & Budget Committee (PBC)
The UAF Planning & Budget Committee (PBC) is charged with reviewing and assessing options provided by the Provost and Vice Chancellors. PBC recommendations will be made to the Chancellor's Cabinet in late spring, for discussion/implementation by the fiscal year end on June 30.
In FY15, the PBC agreed to guiding principles and a decision process that included Special Program Reviews.
The PBC additionally created a UAF Vision 2020 document to guide its deliberations. Vision for the future, strategies to achieve goals and areas that may be reduced as a result, are noted. The PBC recommends this for consideration by other university evaluation committees, as applicable.