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Budget Update Academic Senate University Budget Committee September 12, 2006

Budget Update Academic Senate University Budget Committee September 12, 2006. Budget Update. CSU Budget CSU New This Year HSU Budget HSU New This Year. CSU Revenue Budget. $75.8 Million representing a 3% general fund increase from the Compact

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Budget Update Academic Senate University Budget Committee September 12, 2006

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  1. Budget UpdateAcademic SenateUniversity Budget CommitteeSeptember 12, 2006

  2. Budget Update • CSU Budget • CSU New This Year • HSU Budget • HSU New This Year

  3. CSU Revenue Budget • $75.8 Million representing a 3% general fund increase from the Compact • $54.4 million representing the buy-out in lieu of a fee increase (based on 8% undergraduate / 10% graduate) • $61.3 million enrollment growth funding at $7,225 GFS (in addition budget assumes $2,264 per FTES in student fees) • $3.4 million increase for Math/Science and Nursing Initiatives • $7.1 million funding for CSU Outreach/Center for CA Studies • $23.2 million increase in revenue from enrollment growth • Total CSU budget is $3.7B and a 7.8% increase over last year

  4. CSU Expenditure Budget • $-28.3 million adjustment for decreased costs (retirement, enrollment, bond and fee interest payments, annuitant’s dental, and campus programs) • $6.4 million increase in State University Grant Program • $33.6 mandatory costs (health benefits, insurance, new space, energy) • $70 million for resident student enrollment growth • $2.8 million MSN Nursing enrollment growth • $94 million employee compensation • $3.5 million state-supported math/science, and nursing • $10 million for long-term needs for libraries, deferred maintenance and technology initiatives • $7 million CSU academic preparation and outreach • $184,000 Center for CA Studies Fellows Program

  5. CSU New This Year • Legislation approved to retain tuition and fees at the local campus • No more frenzied year end spending – the state will not require us to spend balances to zero • Centralized investment of revenue • Centralized banking – depository and disbursement banks • Funding for new resident students only C

  6. HSU BUDGET

  7. University Budget Committee Recommendations

  8. University Budget Committee Recommendations

  9. HSU Budget • Authorized and State funded enrollment level decreased to 7,240 (7,014 Resident) Full-time Equivalent Student (FTES) • Represents a decrease in the budget of 149 FTES or -$760,496 • Enrollment target is rebenched to represent graduate unit loads for a full-time equivalent student to 12 units per term • FY06-07 budget built on the assumption of enrolling an annual average of 7,148 FTES (including Summer Session) • Summer actual enrollments reported at 233 FTES • Need approximately 7,170 FTES for Fall and 6,890 FTES for Spring to meet HSU’s internal budget estimate for an annual average of 7,148 FTES • Fall Enrollments as of 9/11 – 6,830 FTES • Freshman up significantly • Transfers increasing • Continuing Students decreasing • Spring Semester – applications are down

  10. Where Does Our Money Come From?

  11. What Did We Fund?Mandatory Cost Increases

  12. How Do We Fund The Cost Increases?One-timeCampus-Wide ReallocationTo FY2006-07 Base Budget

  13. What Did We Fund?Divisional Changes

  14. What Did We Fund?Divisional Changes

  15. What Did We Fund?Divisional Changes

  16. What Did We Fund?Divisional Changes

  17. What Did We Fund?Divisional Changes

  18. What Did We Fund?Divisional Changes

  19. How Do We Use Our Money? Recap

  20. One-time Funds to Mitigate Budget Reduction *Note that using BSS new space funds represents an additional reduction to Administrative Affairs

  21. Additional Slide Added Post PresentationDivisional Comparison FY0506 Original Budget, FY0506 Revised Budget, and FY0607 Budget Note “FY0607 Budget” includes salary increase, but does not include the one-time funding “Actual Net Changes” from slide 12.

  22. HSU New This Year • HSU is now operating from a local trust fund – HM500 • No more frenzied year end spending – the state will not require us to spend balances to zero • Cash flow has become very important to manage on our campus • Centralized investment of revenue • Centralized banking – depository and disbursement banks • HSU ProCard for non-travel purchases • First year for Western Undergraduate Exchange (WUE) Students C

  23. Next Steps • Use this year to determine how to reduce our budget permanently to meet our revenue • Re-evaluate spending based on input from former President Bob Maxson • Compare our spending patterns to other, similarly-sized CSU campuses • UBC will reevaluate University Budget Committee Structure and Budget Policy and recommend changes • We all must work to retain and recruit more students • Save your money - we’ll need it next year

  24. Questions? See this presentation at: www.humboldt.edu/~budget/

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