{"id":23532,"date":"2016-06-30T16:16:30","date_gmt":"2016-06-30T22:16:30","guid":{"rendered":"http:\/\/communique.uccs.edu\/?p=23532"},"modified":"2016-06-30T16:17:03","modified_gmt":"2016-06-30T22:17:03","slug":"regents-approve-3-82-billion-budget","status":"publish","type":"post","link":"https:\/\/communique.uccs.edu\/?p=23532","title":{"rendered":"Regents approve $3.82 billion budget"},"content":{"rendered":"
\"The<\/a>
The University of Colorado Board of Regents are (back row, left to right) Glen Gallegos, Steve Bosley, Stephen Ludwig, Michael Carrigan and John Carson (front row, left to right) Linda Shoemaker, Chairman Kyle Hybl, Vice Chair Irene Griego and Sue Sharkey. (Photo by Casey A. Cass\/University of Colorado)<\/figcaption><\/figure>\n

The CU Board of Regents at its June 16 meeting approved a $3.82 billion budget for fiscal year 2016-17, an increase of $27 million over FY2015-16\u2019s $3.55 billion. Of the budget, CU-Boulder\u2019s share is $1.58 billion, UCCS\u2019 is $228.4 million, CU Denver\u2019s is $278.1 million and the CU Anschutz Medical Campus\u2019 budget is $1.73 billion.<\/p>\n

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The budget is composed of projected revenue including tuition and fees; health services, auxiliary and operation services; federal\/state\/local grants and contracts, and private donations and other gifts. The state\u2019s contribution to the budget is $201.9 million, or 5 percent.<\/p>\n

Todd Saliman, vice president and chief financial officer, told the regents that about 36 percent of the budget is education and general revenue, allocated for the functions of the university such as faculty, advising, scholarship and technology. The remainder of the budget is restricted funds such as private donations earmarked by the donor, and auxiliary funds for facilities, operations and maintenance.<\/p>\n

The budget passed on an 8-1 vote by the board, with Regent John Carson, R-Highlands Ranch, as the dissenting vote.<\/p>\n

\u201cThe overall budget increase is 5.7 percent, and the 2015 CPI was 1.6 percent,\u201d Carson said. \u201cWe\u2019re looking at three and a half times that. If we are going to continue to grow at three or four times the rate of inflation, where does that all end?\u201d<\/p>\n

Saliman explained that the increase in the budget reflected a projected increase in revenue from CU\u2019s operations.<\/p>\n

\u201cOne of the reasons the budget is growing is because we\u2019re doing more research and we would hope that research the restricted funds grow faster than the rate of inflation because that means we\u2019re getting more grants, we\u2019re doing more work,\u201d Saliman said.<\/p>\n

Clinical revenue also is on the rise.<\/p>\n

\u201cUPI (University Physicians Inc.) is an area that\u2019s growing rapidly, much faster than the rate of inflation because our doctors are providing more services to more people,\u201d Saliman said.<\/p>\n

He also noted that auxiliary is growing faster than the rate of inflation. \u201cThat\u2019s our business operation, so you would want them to thrive. We hope people shop in the book store and live in our facilities.\u201d<\/p>\n

To launch the budget presentation, Saliman premiered a video that explains CU\u2019s budget in simple terms. The video is available to help CU administration and the regents more easily communicate the budget with their constituents.<\/p>\n

See the full budget presentation here.<\/a><\/p>\n

— \u00a0Cathy Beuten, Office of the President<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The CU Board of Regents at its June 16 meeting approved a $3.82 billion budget for fiscal year 2016-17, an increase of $27 million over FY2015-16\u2019s $3.55 billion. Of the budget, CU-Boulder\u2019s share is $1.58 billion, UCCS\u2019 is $228.4 million, CU Denver\u2019s is $278.1 million and the CU Anschutz Medical Campus\u2019 budget is $1.73 billion. (More)<\/a><\/p>\n<\/div>","protected":false},"author":5,"featured_media":23533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-23532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all"],"jetpack_featured_media_url":"https:\/\/communique.uccs.edu\/wp-content\/uploads\/2016\/06\/2015_cu_board-of-regents-750x447.jpg","jetpack_shortlink":"https:\/\/wp.me\/p1mBpJ-67y","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/23532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23532"}],"version-history":[{"count":2,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/23532\/revisions"}],"predecessor-version":[{"id":23535,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/23532\/revisions\/23535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/media\/23533"}],"wp:attachment":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}