2007 08BudgetPresentation

UNIVERSITY OF KENTUCKYProgress Report:2006-09 Strategic Plan andTop 20 Growth Targets  Summary: 2007-08 Operating and Capital Budget: 

UNIVERSITY OF KENTUCKY Progress Report: 2006-09 Strategic Plan and Top 20 Growth Targets Summary: 2007-08 Operating and Capital Budget

2006-09 Strategic Plan, Undergraduate Education : 

2006-09 Strategic Plan, Undergraduate Education *Based on data available in September 2006. 2006-07 Highlights Welcomed largest first-year class in University history (4,190), including a record number of first-year African Americans (294) Created aggressive 2020 Scholars Program to address affordability and access Proposed general education curriculum including course work in ethical dilemmas, diversity in American Society, and global issues Accepted into the American Council on Education Laboratory Program Increased Chellgren Center for Undergraduate Excellence endowment to $4.5 million; named 25 Chellgren Student Fellows Established two student leadership centers: Student Leader Study Abroad Institute and Center for Student Involvement Launched series of proactive initiatives to improve undergraduate student success

2006-09 Strategic Plan, Graduate/Professional Education : 

2006-09 Strategic Plan, Graduate/Professional Education 2006-07 Highlights Granted estimated 312 doctoral degrees – previous record high was 276 in 2004-05 Initiated intensive two-week dissertation writing workshops in summer 2006 Reallocated $250,000 to support student research presentations at national and international conferences Held first Interdisciplinary Graduate Student Research Conference, with over 100 participants Established Steckler Endowment of $3.7M for fellowships in select math, engineering, and science fields Piloted Guaranteed Fixed Tuition Program in the College of Medicine to help students with financial planning Initiated “Tuition Assistance for Research Enhancement” program for doctoral students

2006-09 Strategic Plan, Faculty Development: 

2006-09 Strategic Plan, Faculty Development 2006-07 Highlights Created Associate Provost for Faculty Affairs position to oversee all aspects of faculty recruitment, retention, and advancement Established faculty recruitment website to attract Top 20-caliber faculty Developed plan based on national best practices to extend the tenure clock due to family and medical needs Note: Based on positions filled as of November 1; includes library faculty

2006-09 Strategic Plan, Research: 

2006-09 Strategic Plan, Research *Based on 2005 data analyzed and reported in 2006. 2006-07 Highlights Federal research expenditures increased from $142.8 million in FY 2004-05 to $151.2 million in FY 2005-06 (a 5.9% increase) Established Life Sciences Advisory Committee to provide guidance on investment strategies Acquired new IBM supercomputer, placing UK’s research capability among the leaders in the United States

2006-09 Strategic Plan, Engagement: 

2006-09 Strategic Plan, Engagement Engagement Assessment Strategy

2006-09 Strategic Plan, Staff Development: 

2006-09 Strategic Plan, Staff Development 2006-07 Staff Development Highlights Work-Life Strategy Components, approved by Board of Trustees April 2007: Designate two UK real properties (one North Campus and one South Campus) for the construction of two childcare centers Enhance the Employee Assistance Program by adding one position and additional funding to the Office of Work-Life Extend benefits, including Employee Education Program Establish a staff Career and Advancement Development Program, which includes hiring a full-time career counselor and offering financial incentives for attainment of a General Educational Development (GED) certificate, and a computer loan program Develop and deliver supervisory training Provide a phased retirement program to staff employees Establish a shared leave pool for staff

Top 20 Growth Targets: 

Top 20 Growth Targets Between 2001 and 2006 at UK: Enrollment of Kentuckians increased 7% while the number of KY public high school graduates has remained flat Enrollment from 29 Kentucky counties designated by CPE as “underserved” increased 1% while the number of public high school graduates from those counties declined 3% Enrollment from Kentucky’s Appalachian counties increased 3% while the number of public high school graduates from those counties declined 1% Undergraduate Enrollment Graduate/Professional Enrollment

Slide9: 

Top 20 Growth Targets Through April 2007, overall grant and contract awards are 6.7% below where they were for the same period last year. However, research awards from the National Science Foundation and the National Institutes of Health are 6.9% higher than for the same period last year. Full-Time Faculty Research Expenditure [in millions]

Declaring “War” on Undergraduate Student Attrition: 

Declaring “War” on Undergraduate Student Attrition

War Declaration: 

War Declaration

War Graduation rate: 

War Graduation rate

War Articles: 

War Articles

War recruitment: 

War recruitment

UNIVERSITY OF KENTUCKY Summary: 2007-08 Operating and CapitalBudget: 

UNIVERSITY OF KENTUCKY Summary: 2007-08 Operating and Capital Budget

Slide16: 

UK’s ORIGINAL BUDGET [in millions] 1997-2008 UK’s budget has doubled in 10 years. State appropriations increased 23.3 percent or $63.3 million. The Fall 1997 enrollment was 24,171 students, and 27,500 are expected in 2007 — 13.8 percent growth. Tuition and fee income climbed $150.9 million, or 164.1 percent.

Comparison of contributions to the General Funds increase, excluding the Hospital System : 

Comparison of contributions to the General Funds increase, excluding the Hospital System

Slide18: 

UK’s Revenues and Fund Balances

2007-08 Operating Budget Strategic InvestmentsUndesignated General Funds: 

2007-08 Operating Budget Strategic Investments Undesignated General Funds $23.5 million for faculty and staff salaries and benefits, including $5 million staff enhancement pool $9.5 million to hire 47 more faculty, 7 more academic advisors $8.7 million to renovate labs and classrooms $6.2 million increase in student financial aid $1.5 million for the IRIS project UK has invested over $35 million of additional resources to fight the ‘war’ on student attrition.

2007-08 Capital Budget Highlights: 

The University has 21 major capital projects underway, totaling $757 million, including: Construct Biological Pharmaceutical Complex $135.3 million Construct Patient Care Facility - Phase I $450 million Replace Administrative Computing System (IRIS) $60 million Construct Student Health Facility $24 million Expand and Upgrade Livestock Disease Diagnostic Center – Phase I $8.5 million 2007-08 Capital Budget Highlights

UNIVERSITY OF KENTUCKY Summary: 2007-08 Operating and CapitalBudget: 

UNIVERSITY OF KENTUCKY Summary: 2007-08 Operating and Capital Budget