Budgeting a Stronger Future

Budgeting a Stronger Future


Our Values

Collaboration
We invest in meaningful relationships that leverage our respective talents and strengthen the Warhawk family, and we champion the endeavors of our faculty, staff, students, and alumni.   

Diversity and opportunity
We believe in the dignity of all individuals and we cultivate an accessible, inclusive, and equitable culture where everyone can pursue their passions and reach their potential in an intellectually stimulating and respectful environment.

Integrity
We embrace principles of honesty, fairness, and ethical standards to foster an environment of mutual trust.

Learning and academic excellence
We engage all members of the campus community in learning, research, scholarship, and creative endeavors through powerful academic and co-curricular experiences in an environment that values academic freedom.   

Service and social responsibility
We bring the knowledge and resources of the university into the communities we serve to solve problems, improve the quality of life, and create a more sustainable society.   

Shared governance
We make decisions based on strategy, evidence, and transparent, collegial dialogue and we hold one another accountable. 

See UW-Whitewater's full mission, vision and values »

Our cash balance will be used for three primary categories (all numbers are approximate).  

  • $17.5 million will address projected deficits in the current year and future years.  
    • 6.5 million reserved for the current year deficit.
    • 11 million reserved for the future year deficits. 
  • $11.8 million will provide reserves that allow us to deal with fluctuations in revenue in the current year without requiring mid-year cost reductions.  
    • The housing and dining reserve is 3.8 million.
    • The general tuition reserve is 6.5 million.
    • The CoBE service based tuition reserve is 1.5 million.
  • $2.3 million will provide money for investment activities and address unexpected expenditures.  
    • The Unexpected expense reserve is 1.3 million.
    • The 2021-2022 Central investments is 1 million.

The remainder of the cash balance will be used for other projects and debt service.

There were four main items that allowed our cash to increase by approximately $22.6 million.  All numbers are approximate.

  • $9.5 million in extra federal and state funds for COVID expenses and revenue losses
  • $2.1 million in returned state GPR lapse
  • $6.7 million in restricted net revenues (e.g. grants, CoBE Service Based Pricing, etc.)
  • $4.3 million in expense reductions beyond those listed in the Budget Roadmap

We are in deficit only in our GPR/Tuition funds.  Our traditional tuition revenues from face-to-face undergraduate and graduate programs have declined with enrollment declines over the past five years.  The campus has reduced expenditures; however, these revenues are still lower than the budgeted expenses by approximately $6.5 million for Fiscal Year 2022.

Events for Academic Year 2021 - 2022

There are currently no scheduled events at this time. 

Please join us on the second Wednesday of the month for the Budget Managers meeting.  For more information, contact Nadine Hill at hilln@uww.edu.  

Date

Event Recordings and PowerPoint Slides

9/23/21

BOC Process and Budget Timeline

#

Step Description

Timeframe

Group

1 Update Enrollment Projections FY 2021-2022 September 2021 Budget Office
2 Update Enrollment Projections FY 2022-2023 October 2021 Budget Office
3 Prepare financial projections based on enrollment, tuition rates, utilities and central spending October 2021 Budget Office
4 Develop the overall budget strategy for the campus October 2021 Budget Office
5 Prepare internal chargeback rates (iCIT and FP&M Pilot) October 2021 Budget Office
6 Prepare the revenue budget templates October 2021 Budget Office
7 Complete the revenue budget templates November 2021 Budget Office
8 Prepare the expense budget templates November and December 2021 Budget Office
9 Develop seg fee rates for allocable and non-allocable  November, December 2021 and January 2022 Budget Office
10 Develop auxiliary rates (e.g. housing, dining) November, December 2021 and January 2022 Budget Office
11 Submit approved seg fee rates and auxiliary rates to UWSA February 2022 Budget Office
12 Review workbooks submitted for quality February 2022 Budget Office
13 Enter budget into PlanUW and submit to UWSA March 2022 Budget Office

Resources