Budget and Finance

include the Academic Coordinating Committee (ACC), which focuses on strategic

enrollment management, compliance and intellectual property issues; and the Fiscal

Operating Committee (FCC), which facilitates integrated decisions around fiscal

planning and priorities, including tuition and discounts. Both of these groups make

recommendations to the Academic Operations Committee, which together with the

President’s Budget Advisory Committee (PBAC), sends approved policies to the

Executive Committee, President’s Cabinet, President and finally on to the Board of

Trustees.

Also in the toolbox is UC’s Columbus strategy and the new leadership at the Inter-

University Council of Ohio (IUC). Thanks to these state-level efforts higher education

has begun to get the much deserved attention from both the Governor and Legislature.

The new state budget demonstrates a clear consensus among state leaders that strategic

investment in higher education is key to expanding Ohio’s economic opportunity and

development. As encouraged as we are by legislators making higher education a clear

budget priority, it’s important to understand that this is the first step in what must be a

sustained, significant investment in our colleges and universities. UC has pledged to do

its part by reviewing its programs to continue to improve efficiency and productivity,

while still continuing to invest in the quality programs and services our students demand

and deserve. The FY 2008 budget showcases that the real winners in this year’s budget

process are Ohio students and their families for whom a college education, with its

attendant benefits and opportunities, will become more affordable and accessible.

The following Uptown Campus budget for FY 2008 is balanced and requires no budget

reductions at this time. Highlights on the revenue side include a projection of 449 new

undergraduate FTE and a zero percent increase in undergraduate tuition and fees.

We begin the new academic year with capped enrollments, a first in many years.

Furthermore, undergraduate students will not experience an increase in their tuition and

fees for FY 2008. However, there is a $450 per year tuition increase for all graduate and

professional students. There is also a $500 per year additional increase for the College of

Law professional students and an additional 2% increase for College of Medicine (COM)

MD professional students. These additional increases for Law and COM MD

professional students go directly to these colleges for program support. Due to the zero

increase in undergraduate tuition income, the budget does not include an increase in

departmental scholarships, which were previously offset by tuition increases. State Share

of Instruction (SSI) income has increased $8.6M. Of that, $1.4M was awarded in FY 07

but not budgeted permanently due to cautious SSI projections on our part. The remaining

amount - $7.2M- of the SSI increase will partially offset the zero tuition increase.

Also built into the FY 2008 budget are numerous new and expanded academic

entrepreneurial revenue neutral programs that have the potential of producing $4M in

additional revenues that will offset related expenditures. These programs range from

Uptown on campus offerings to distance learning to RCC (Resident Credit Center)

offerings at our branch campuses.