Chancellor’s Update: Budget & Performance Funding
Budget / Amount Due from the State
The FY12 Budget, approved by the Board of Trustees on September 8, 2011, may be found at: http://www.siue.edu/budget/FY12-budget.shtml.
The final reimbursement payment for the remaining FY11 state appropriation balance owed to SIUE was made by the State last week.
Of the SIUE total FY12 appropriation of $63.6 million, vouchers have been submitted for $40.7 million. Of that $40.7 million amount requested, 65.4 percent, or $26.6 million, has been received (as of 12/9/11), leaving a balance due from the State of $14.1 million.
We continue to monitor the State’s cash flow situation; however, we do not see any immediate concerns. Updates will be posted on the SIUE Planning & Budget website at:
December 9, 2011 (from the IBHE Higher Ed – The Friday Memo found at http://www.ibhe.org/FridayMemo/111209.pdf.
The summary below is taken directly from the IBHE website:
“Illinois Board of Higher Education receives report from Performance Funding Steering Committee”
“Meeting at Moraine Valley Community College on December 6, the Illinois Board of Higher Education (IBHE) was briefed on the progress made on developing a funding model for community colleges and public universities based upon degree completion. The Board heard from several steering committee members, including Lieutenant Governor Sheila Simon, the Governor’s point person for education; Julie Smith, the Governor’s deputy director for education; and State Senator Ed Maloney and State Representative Bob Pritchard, key members of the General Assembly who sponsored the enabling legislation. Rita Cheng, chancellor at Southern Illinois University at Carbondale, presented the recommendation of Principles adopted by the Steering Committee, which has met five times since July 2011. IBHE Deputy Director Alan Phillips, Illinois Community College President Geoffrey Obrzut, and Chief Financial Officer Ellen Andres presented the recommendation of the Metrics Formula. Michael Baumgartner, Vice President of Complete College America and a consultant to the Steering Committee, offered observations on how Illinois’ progress compares to efforts of other states also implementing performance funding. As a result of the Steering Committee’s work, the IBHE will include allocations to public institutions of higher education based upon performance metrics designed to promote and measure student success in degree and certification completion in budget recommendations to the Governor and General Assembly, beginning in Fiscal Year 2013.”