Budget Advisory Committee Update College Senate October 31, 2016

Budget Advisory Committee The purpose of the Budget Advisory Committee is to: Maintain a highly transparent, informative, and participatory operating fund budgeting process; Integrate campus strategic planning with the budgeting process; Analyze the budget context (e.g., state funding) and its impact on the institution.

Membership Chair, Thomas Sakoulas Faculty at Large, Laura Munteanu Faculty at Large, Tran Trang Faculty at Large, Paul French Professional staff, Bill Harcleroad Classified staff, Anne Winchester Presiding Officer of College Senate, Michael Koch Dean Representative, Susan Turell Chair Academic Planning and Resources Allocation Committee (vacant) Chair of the Strategic Planning Council, John Schaumloffel Student Association Treasurer, Leo Mackey Provost, James Mackin Sr. Executive Employee Services Officer, Lisa Wenck Assoc. Vice President & Chief Enrollment Management Officer, Kevin Jensen VP Finance & Admin. Todd Foreman VP Advancement, Paul Adamo VP Student Development, Frank Chambers Exec. Assistant to President, Colleen Brannan Budget Director, Julie Piscitello

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State budget impact at SUNY Oneonta Bad news No authority to increase tuition No increase in State Tax Support for Core Operations Good news Capital increase to support critical maintenance 2014/15 $10,278,601 2015/16 $ 4,474,000 2016/17 $ 5,900,000 (+32%)

Tuition Revenue shortfall

Question and Answers Q. How do we cover revenue shortfalls? A. Campus Reserve. Q. What is a reserve? A. The difference between planned revenue and expenses. Q How much is our reserve? A. We project a $810,000 surplus. Q Is this enough? A No, it’s 6% of our State support and our goal is 15%.

Plan to increase reserves Proactive measures… Reduce temporary service budget. Increase enrollment. Reduce service contracts. Increase other revenue sources. Reactive measures… Reduce OTPS budgets across campus. Allocations by Cabinet Area - excluding PSR   % of Total Share of Reduction Academic Affairs 38.50% $192,436 Finance & Administration 26.60% $132,985 Student Development 21.10% $105,329 Enrollment Management 7.20% $35,976 College Advancement 2.60% $12,962 Communications 1.50% $7,304 Employee Services 1.20% $5,799 President 0.70% $3,736 Equity & Inclusion $3,473 Total 100.00% $500,000

What does it all mean? The Budget is tight. However… Discretionary spending will be scrutinized New positions will be extremely limited Backfilling vacancies will need strong justifications We need to shore up enrollment – new & continuing However… No cause to panic We must and we will continue to invest in our strategic plan, including investment in new programs