FY22 Budget
The COVID-19 pandemic began during the last quarter of FY20 and has continued into FY22. 麻豆原创F has received relief from federal, state and local sources and this funding was used to provide emergency financial aid to students; reimburse students for tuition, housing, housing and food, or other fee refunds; replace lost revenue due to reduced enrollment; and replace lost revenue from non-tuition sources. While COVID funding has helped, it is not enough to offset COVID-related expenditures and lost revenues. 麻豆原创F tracks expenditures and revenue losses related to COVID-19. Reporting mechanisms are in place and appropriate justification and backup is required for COVID-related expenditures.
FY22 is the final year of the three-year agreement (鈥渃ompact鈥) between the Governor and the 麻豆原创 Board of Regents. In recognition of the negative financial impacts 麻豆原创 sustained as a result of the COVID-19 pandemic, the Legislature passed and the Governor signed an FY22 operating budget for 麻豆原创 with a $4.3 million state general fund reduction, instead of the original $20 million as noted in the agreement. It is important to note that this is not 鈥渘ew money鈥 but rather less than a reduction than anticipated. In addition to the FY22 reduction, 麻豆原创F has absorbed nearly $25 million in budget reductions over the last two fiscal years (FY20 and FY21) through the Governor鈥檚 compact. This is compounded by millions of dollars in COVID-19 costs and lost revenue, only a portion of which has been recovered through relief aid.
Dual appropriation
The dual appropriation structure and leadership furloughs continue in FY22.
Compensation
No compensation increases. Leadership furloughs continue in FY22. University officers
are required to furlough for ten days and senior administrators and non-represented
academic leaders are required to furlough for eight days.
Capital budget
Initially, the FY22 capital budget was vetoed by the Governor, however, 麻豆原创 was later
appropriated $5.0 million for deferred maintenance (DM) purposes. 麻豆原创F鈥檚 DM increment
is $3.1 million.
Other
Technical Vocational Education Program (TVEP) was reauthorized for three years.
FY22 is the final year of the three-year agreement (鈥渃ompact鈥) between the Governor and the 麻豆原创 Board of Regents.
FY20-FY22 麻豆原创 & State of Alaska Three-Year Compact
The FY22 麻豆原创 proposed budget request is $257 million, a reduction of 7.2 percent from the FY21 level of $277 million. The Governor will release the FY22 budget in December 2020. The legislative session will run from January through April 2021.
The BOR approved capital budget request includes $50 million for 麻豆原创 deferred maintenance (麻豆原创F portion is approximately $30.4 million, if funded) and other select capital items for the 麻豆原创 System.