Overview
The University Health System (UHS) entered FY2016 with a clear mandate: align academic financing, operational budgeting, and key dates to support our mission of excellence in education, research, and patient care. This page summarises the essential components of the FY2016 plan, including tuition fee structures, budgeting methodology, and a monthbymonth calendar of critical milestones.
Tuition Fees FY2016
UHS maintains a tuition model that reflects program costs, market competitiveness, and financial aid availability. The table below outlines the base tuition rates for the 2016 fiscal year.
| Program | Credit Hours per Year | Base Tuition per Credit | Annual Tuition (Fulltime) |
|---|---|---|---|
| Undergraduate Arts & Sciences | 30 | $350 | $10,500 |
| Undergraduate Engineering | 30 | $380 | $11,400 |
| Graduate Masters (Nonclinical) | 24 | $420 | $10,080 |
| Graduate Professional (MD, DNP) | 36 | $620 | $22,320 |
| Continuing Education (Certificate) | Variable | $450 | Per module |
Key points for FY2016:
- All tuition rates are effective July1,2015 and remain unchanged through June30,2016.
- Instate students receive a 15% discount on the base rate.
- International students pay the full listed amount plus a $500 processing fee.
- Financial aid packages are calculated based on FAFSA data and institutional scholarships; the maximum needbased aid covers up to 90% of tuition.
Budgeting Framework
UHS employs a zerobased budgeting (ZBB) approach for FY2016, requiring each department to justify expenses from a baseline of zero. The process is divided into three phases:
1. Planning & Forecasting (January March)
- Department heads submit projected enrollment, staffing, and capital needs.
- Revenue forecasts incorporate tuition income, grant awards, and clinical service revenue.
- Scenario analysis (optimistic, realistic, conservative) is performed.
2. Review & Allocation (April May)
- The Finance Committee evaluates proposals against strategic priorities.
- Allocations are adjusted to maintain a balanced budget with a 2% surplus target.
- Costsaving initiatives (energy efficiency, shared services) are identified.
3. Execution & Monitoring (July June FY)
- Monthly variance reports track actual vs. budgeted figures.
- Quarterly board updates ensure transparency.
- Midyear reforecasting (October) addresses enrollment shifts.
Projected FY2016 financial highlights:
- Total projected revenue: $412million
- Operating expenses: $389million
- Net surplus target: $23million (5.6% of revenue)
- Capital investment pool: $45million for facility upgrades and technology.
FY2016 Planning Calendar
The following timeline outlines the major dates that drive the tuitionbudgetcalendar cycle.
| Month | Key Activities | Responsible Party |
|---|---|---|
| January | Launch budgeting portal; collect enrollment projections | Finance Office |
| February | Departmental budget workshops; preliminary tuition review | Academic Affairs |
| March | Submit final tuition proposals; draft operating budget | Deans & Department Chairs |
| April | Finance Committee review; scenario analysis | Board of Trustees |
| May | Approval of tuition rates; final budget adoption | President & CFO |
| June | Publish tuition schedule; communicate budget to staff | Communications Office |
| July | Fiscal year begins; start of tuition collection | Registrar & Bursar |
| August September | Orientation; enrollment verification | Student Services |
| October | Midyear enrollment audit; reforecast if needed | Finance Office |
| December | Yearend financial close; performance reporting | Chief Accounting Officer |
| January (FY2017) | Begin next cycle lessons learned review | Strategic Planning Committee |
All dates are subject to change based on enrollment trends and external factors such as state funding adjustments.
Additional Resources
- FY2016 Budget Submission Forms (PDF)
- Official Tuition Fee Schedule 2016 (PDF)
- Financial Aid Overview & Eligibility
- Academic Calendar FY2016
For questions regarding tuition, budgeting, or calendar events, please contact the Office of the Chief Financial Officer at cfod@uhs.edu or call (555)3210044.
