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PASSHE Operating Budget

PASSHE Operating Budget. Finance, Administration, and Facilities Committee Board of Governors July 8, 2013. E&G Budget Dollars in millions. 18% reduction ($90M). 1988/89. PASSHE Funding and Enrollment History. History of Tuition and Average Fees 2000/01 – 2012/13.

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PASSHE Operating Budget

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  1. PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013

  2. E&G Budget Dollars in millions

  3. 18% reduction ($90M) 1988/89

  4. PASSHE Funding and Enrollment History

  5. History of Tuition and Average Fees 2000/01 – 2012/13 National Average:$17,860 National Increase: 112% PASSHE Increase: 89% PSU Average: $26,134 PSU Increase: 95%* 22% less than 2010

  6. Tuition and Average Fees 2012/13 by University 22% less than 2010

  7. Revised Budget Projections Dollars in Millions Note: Numbers may not add due to rounding.

  8. E&G Budget Request vs. Funding Dollars in Millions

  9. Cost Containment Results Efforts made in recent years to become more efficient and reduce costs include: • Workforce management--400 fewer funded positions • Streamlining course offerings and academic programs • Consolidated operations--such as electronic library services, distance education and construction services • Better utilization of technology to improve operations and student services • Multi-year collaborative procurements • Energy utilization reductions Over the last 10 years, base budget reductions of $285 million have reduced PASSHE’s budget by 16%.

  10. Projected Retirement Costs SERS Rates as % of Salary 2012/13 10.5% 2013/14 15.1% 2017/18 31.1% 36% 45%

  11. Estimated E&G Pay through Life of ContractsDollars in Millions

  12. Balancing the 2013/14 Budget FY2012/13 resident full-time undergraduate tuition rate is $6,428 per academic year.

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