[Cobo] FW: Fiscal Year 2017 Reconciliation

[Mauck, Sheri]

Please see correspondence sent to your Presidents this morning.

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION


Memo


To:                  Presidents
                        Mr. Adam Leaming, University Center at Ponca City
                        Dr. Steve Mills, University Center of Southern Oklahoma
                        Dr. Terry Mosley, Quartz Mountain
Cc:                  State Regents
From:             Chancellor Glen D. Johnson
Date:               Friday, July 21, 2017
Subject:          Fiscal Year 2017 Reconciliation


We received notification yesterday afternoon from the Office of Management and Enterprise Services that after final reconciliation of FY17 General Revenue, state agencies will be refunded the budget reductions that were made in March 2017 due to a revenue failure declaration. Higher education will receive a refund in the amount of $4,569,230.

The State Regents will fully allocate these funds back to the institutions, constituent agencies, and State Regents as soon as possible in the same proportion as the General Revenue cuts sustained in March 2017. Attachment 1 shows the final FY17 reconciliation for the allocation of state appropriated funds. The highlighted columns indicate the March 2017 General Revenue reductions as well as the funding that will be received as a result of the reconciliation.

If you have any questions about the allocation for your institution, please contact Amanda Paliotta at apaliotta at osrhe.edu<mailto:apaliotta at osrhe.edu> or (405) 225-9126.

Thanks.

Glen

Glen D. Johnson
Chancellor
Oklahoma State Regents for Higher Education
655 Research Parkway, Suite 200
Oklahoma City, Oklahoma 73104
405.225.9122
gjohnson at osrhe.edu<mailto:gjohnson at osrhe.edu>

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