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Budget Report. April 16, 2014. Governor’s 2014-15 Budget, CPP. Gov. budget adds $142 m. to overall CSU budget. Cal Poly Budget 2014-15 (proposed) : General Fund: $107,005,142 (+ $3,488,300 over 2013-14) Tuition Fees: $ 112,550,000 (+ $2,951,000 over 13-14).

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budget report

Budget Report

April 16, 2014

governor s 2014 15 budget cpp
Governor’s 2014-15 Budget, CPP
  • Gov. budget adds $142 m. to overall CSU budget.

Cal Poly Budget 2014-15 (proposed):

  • General Fund: $107,005,142 (+ $3,488,300 over 2013-14)
  • Tuition Fees: $ 112,550,000 (+ $2,951,000 over 13-14).
  • Non-Resident Fees $ 6,067,000
  • Other Fees $ 7,494,000
  • Total CPP Budget: $ 233,116,142 (+ $6,439,300 over 13-14).
additional notes
Additional Notes:

Governor’s GF budget for CPP includes:

  • $72,800 for faculty equity salary adjustment. This is ⅓ of the total. Remainder will come out of campus GF budget.
  • $404,000 to reduce bottleneck courses.
  • Does NOT include $1.9M for 2013-14 compensation. To be included in next iteration of Budget Allocation Memo.
  • CO holds $88.9M for “compensation, student success, and completion, financing maintenance and infrastructure.”
cautionary note
Cautionary Note:
  • Funding formula for employer paid retirement changes after 2013-14. State funding of CSU GF employer-paid retirement will still be adjusted based on CalPERS rates, but:

“... the salary base used for the rate will be fixed based on the actual 2013/14 pensionable payroll.”

next steps
Next Steps
  • Mid-May: May Revise
  • Early June: State Budget Finalized.
  • End of June: CO Budget Memo to Campuses.
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