University of Illinois

FY2005 Budget Update

Summary of FY 2006 Budget as Signed by the Governor

Operating Budget

Capital Budget

Tuition

Financial Aid

IBHE Statewide Grant Programs & Other Agency Program Changes

 

Operating Budget

•  State general funds appropriations for public universities increased by $3.3 million (0.3 percent) in moving from FY 2005 to FY 2006.

•  U of I state general funds for FY 2005 are reduced by $0.55 million from FY 2005 level. The reduction in general funds is due to the loss of two special programs:

•  $250.0 thousand for a Early Outreach Program at UIC, the "Summer Prep Program"

•  $300.0 thousand for a rate analysis study for mental health community providers with DHS

•  $1,000.0 thousand in funding for the C.H.A.N.C.E. program at UIC remained in the FY 2006 budget.

•  Payments to SURS from general funds appropriations are reduced in FY 2006 by $39.4 million (Note: The Budget assumes a significant restructuring in payments for pensions, including a two year pension payment holiday. The changes affect available revenues and change benefits which would directly impact current and future employees. )

•  Budget assumes that public universities will continue payment to CMS for health insurance costs, a total of $45 million for all universities and $24.9 million for the U of I.

Capital Budget

•  For the second consecutive year there are no new State funded capital projects.

Tuition

•  Income fund estimates remained the same as proposed in the U of I request with no additional restrictions.

Financial Aid

•  The state general fund budget for Illinois Student Assistance Commission (ISAC) was reduced by 0.5 percent or $2.0 million.

•  State general fund appropriations for the ISAC Monetary Award Program (MAP) were increased by $8.0 million.

•  Funding for the ISAC Merit Recognition Scholarship program was eliminated. U of I students received approximately $2.5 million of the $5.4 million from this program.

IBHE Statewide Grant Programs & Other Agency Program Changes

•  IBHE grant programs are reduced by 1.1% or $0.51 million.

•  State Matching Grant Program is continued at FY05 level in FY06; U of I received $4.4 million from this program in FY05.

•  The budget includes a grant of $750 thousand for Illinois VENTURES.

•  CFAR (agricultural research grants) funding was held constant at $3.5 million.

•  Department of Agriculture Cooperative Extension programs for Youth Educators funding decreased by $89.1 thousand to $1.693 million and the County Board Matching increased by $47.0 thousand. To $11.84 million. An additional $5.0 million is appropriated for CES programs in Cook County .

•  The Sickle Cell Research Grant is held constant at $1.9 million, with an additional companion appropriation of $1.0 million.

•  The DSCC grant of $7.8 million is held at FY 2005 levels.