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OSU FACULTY SENATE

OSU FACULTY SENATE. Budget Update April 8, 2010. FY10 Budget Outlook – Recap of FS Presentation Nov, 2009. E&G Budget Budget balanced with $5.4 million in cuts Possible additional reductions estimated at $7 million if tax measures fail. SWPS Budget

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OSU FACULTY SENATE

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  1. OSU FACULTY SENATE Budget Update April 8, 2010

  2. FY10 Budget Outlook – Recap of FS Presentation Nov, 2009 • E&G Budget • Budget balanced with $5.4 million in cuts • Possible additional reductions estimated at $7 million if tax measures fail • SWPS Budget • Budget balanced with $9 million in cuts • Possible additional reductions estimated at $5.4 million if tax measures fail • 2009-10 Financial Variables • Tax measure vote, Jan 2010 – possible further reductions • State revenue forecast – possible further reductions • Furloughs – salary and benefits savings • Enrollment growth stability – increased tuition above budget • Indirect cost recovery – potential for marginal revenue above budget • Tuition rate – possible spring increase if needed

  3. FY10 Budget – Change in Revenue & Expenses since Nov, 09 • Additional Revenue • Tuition – revenue above budgeted $4.5 - $5.0 million • Indirect Cost Recovery – revenue above budgeted $1.0 - $1.5 million • Enrollment growth settle-up from Chancellor’s Office $1.7 million • Furlough – salary/benefit savings $2.0 - $2.5 million Additional Expenses Expense increases due to tax measures & economic forecast $0 • Net impact • Additional Revenue • Recurring $8.0 - $9.0 million • Non-recurring $2.0 - $2.5 million • Projected FY10 Fund Balance • E&G 11.2% (from 7.6% at start of year) • SWPS 7.7% (from 5.4% at start of year)

  4. OREGON STATE UNIVERSITY OSU Education & General Funds (excludes Cascades Campus) (millions of dollars – not to scale) $711.8 Key Assumptions, FY11-FY13 Enrollment GrowthRevenue Reduction / Cost Increase Resident – 1% Reduction in State Funding FY11-13 - 15% Non-resident – 5% + INTO PERS Increase – 6.5% Ecampus – 10% PEBB Increase – 10% New investments Academic faculty - $4 million Non-academic faculty - $2 million Tuition Increase Non-recurring in facilities, IT, etc. - $5-$10 million Resident – 8% Non-resident – 3.5% Salary increase – 3%/year Plateau continued $693.1 S&S, other Other Rev. State Funds Salaries & OPE $333.9 $328.2 Net tuition & fees $320.0 Fed. Stimulus S&S, other $315.0 $310.8 Other Rev. $298.9 S&S, other Other Rev. Other Rev. S&S, other State funds Salaries & OPE State Funds State funds Salaries & OPE Salaries & OPE Net tuition & fees Net tuition & fees Net tuition & fees REVENUE EXPENSE REVENUE EXPENSE REVENUE EXPENSE REVENUE EXPENSE 2010-11 (FY2011) 2012-13 (FY2013) 2013-15 (Biennium) 2011-12 (FY2012)

  5. FUND BALANCE AS A % OF REVENUE 8.0% 3.0%

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