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Financial Gap Analysis and Workforce Reduction Projections FY14-FY19

This analysis shows projections of structural financial gaps between revenues and expenses without changes. Detailed breakdowns include enrollment plans, tuition, fees, appropriation, and medical expenses, reflecting the impact of bargaining agreements. The revised dynamic gap analysis reveals a significant financial gap and the need for workforce reduction.

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Financial Gap Analysis and Workforce Reduction Projections FY14-FY19

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  1. Structural Gap FY14-FY19 Current Gap Analysis • Reflects projection of current structural gap between revenues and expenses if no change occurs. • Current Enrollment Plan; 0% Tuition/Unified Fee; 0% Appropriation; ATB at CPI and 1% for Merit; Medical @ 7% Trend for FY15-FY19. • Results in $87MM gap. Dynamic Gap Analysis revised to reflect impact of bargaining agreements • Current Enrollment Plan. • Tuition growth at 0% in FY15 and growth at CPI* FY16-FY19; Unified Fee growth at 0% in FY15 and 1% FY16-FY19. • Appropriation growth at 0% in FY15 and growth at CPI* FY16-FY19. • Medical expense at EHPTF goals. • Reflects anticipated impact of bargaining agreements FY12-FY15; ATB at CPI* and 1% for Merit FY16-FY19. • Results in $69MM gap** and requires a workforce reduction of 793 FTE, or 16%***. * CPI projected to be 1.7% to 1.8% during FY15-FY19. ** Original Dynamic Gap Analysis resulted in $60MM gap. *** Average salary & benefits $87,002 FY15-FY19.

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