UAF experienced a third year of state funding reductions in FY16. When combined with operating cost increases, this results in substantial budget gaps. That gap in FY14 was $8.5 million. In FY15, the shortfall increased to $14 million. In FY16, the UA System total reduction in state funding is $31.4 million, excluding one-time funding for compensation increases. Compensation increases are usually funded as an ongoing commitment. UAF shouldered a $13.1 million portion of this UA reduction. When combined with other UAF-specific fixed costs, debt service requirements, and compensation increases that must be maintained in future years, UAF managed a budget gap of about $20 million in FY16.
Additional information on the campus-wide and unit-level effects of the FY16 budget reductions is detailed in the summary document, below.
In light of the state's fiscal challenges and at the Governor's request, UA President Johnsen has suspended all non-essential travel and hiring funded wholly or in part by unrestricted funds, effective January 6, 2016. Unrestricted funds include general fund, recharge/auxiliary, event funds, TVEP and match. For additional guidance, see the FAQs and memo below.
UA submitted its FY16 budget to the state in December 2014. Governor Parnell released an initial budget shortly after. Governor Walker released an amended budget in January 2015, which serves as a starting point for the legislative session that runs January 20 through April 19, 2015.
The following tracking sheet shows the most recent budget status of UAF specific budget requests.
The UA "Redbook" is a compilation of each Universities' budget requests. This request is approved by the BOR in November annually and is submitted to the Governor each December.
The UAF Chancellor, Provost and Vice Chancellor Administrative Services presented the initial operating and capital budget requests to the Statewide Administration in August 2014. The final UA-wide request is submitted to the Governor's Office each December.
Thank you to the UAF Planning & Budget Committee (PBC) for their work in reviewing
each FY16 requested item. Their recommendations as part of the planning process heavily
influenced this final presentation.
The FY16 budget request is centered on Shaping Alaska's Future themes. Additionally, UAF has a strategic focus on Arctic research and policy-making. The major themes as part of the UAF presentation were:
- Strengthening Alaska's position in setting the Arctic agenda
- Promoting economic diversity in Alaska
- Supporting Alaska's students & sustaining communities
These major themes will continue to be a part of FY16 strategic plans and outcomes.