BMCC - BUDGET BASICS. CUNY Flow of Funds. NYS 50.7%. NYC 10.2%. Tuition & Fees 32.8%. Other 6.3%. CUNY Univ. Budget Office. Paid by CUNY Central. BMCC. Paid By BMCC. Revenue Sources.
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Tuition & Fees
Univ. Budget Office
Paid By BMCC
New York State funding is based on enrollment. NYS per student FTE funding was $2,675 in 2009, it dropped to $2,122 in 2012, and was increased to $2,272 for 2013. In 2014 CUNY is seeking $2,532 per FTE.
The NYC funding for community colleges is determined by NYC legislature.
In FY10-11, as part of Compact (see details below), CUNY Board of Trustees approved a tuition increase of $300 per FTE per year for the next 5 years.
Expenses paid by the University centrally are fuel, utilities and fringe benefit expenses.
Other revenues are funds provided by BMCC Auxiliary Enterprises Corporation (commissions from the bookstore, cafeteria and space rental revenue) as well as philanthropy contributions raised by BMCC Foundation.
CUNY Office of Institutional Research
Source: IPEDS Data Center Part C http://nces.ed.gov/ipeds/datacenter/Facsimile.aspx?unitid=acb4abb0adac
Special allocations 2008-2012 ($000
Black Male Initiative
City Council Member Items - CCC
Collaborative Incentive Research Grant
CUNY Start Program
Language Immersion Program
Fin Aid Matching Fund
Mental Health Initiative
Students with Disabilities
Maintenance of effort - N.Y. State’s commitment to maintain funding at the prior year level.
Modest but regular tuition increases – $300 annually through 2015.
More philanthropic contributions - BMCC’s Foundation raised $1.3 million in FY 2012, through its annual gala and outreach to alumni, corporations, and foundations.
More efficient operations – In FY 2012 BMCC had a target of $513,695 in cost reductions, which it surpassed by over $100,000. Examples of efficiencies realized by BMCC include savings from switching operating systems from Novell to Microsoft Technologies ($75,000); negotiating new janitorial contract ($140,000) and moving more printing in-house ($75,000).
City University of New York Financial Report