Meeting of the Board of Regents | October 2006

Executive Summary

Issue for Discussion

Attached is the financial analysis of the P-16 Reform Proposal.

1. The Department�s current resources represent $73.2 million, 160 staff.
2. The Department�s 2007-08 budget request currently is for $69.9 million, 99 staff.
3. The Department proposes to add an additional $53.4 million to the 2007-08 budget request.
4. The Department�s 2008-09 budget request totals $93.8 million, 79 staff, which includes $1.3 million for an additional 16 positions for operational staff in support of the P-16 Reform initiative.
5. The Department will seek an additional $11 million from outside resources, including funds from other State agencies and foundation grant applications.

Reason(s) for Consideration

Analysis of resource needs to implement P-16 Reform.

Proposed Handling

Discussion and Recommendation.

Procedural History

The information is provided to assist the Regents in understanding the implementation of action steps contained in the P-16 document based on current and proposed resources.�� Each of the three documents attached provides a graduated level of detail from total resources currently available and requested for the entire P-16 Reform, total resources currently available and requested by each of the 13 initiatives, and total resources available and requested by each action of each of the 13 initiatives.

Recommendation

����������� The Regents approve the financial strategy outlined above in securing resources to fully implement the P-16 Reform.

Timeline

Request resources for 2007-08 and 2008-09 as reflected in the financial analysis provided.

Attachment 1




Attachment 2




Attachment 3