Campus Budget Status College Senate Meeting November 4, 2016 Buffalo State College Campus Budget Status College Senate Meeting November 4, 2016

Presentation Overview Results of 2015/16 State Budget Projections for 2016/17 State Budget Steps to Enhance Campus Financial Stability Issues/Trends Impacting Future Budget Planning

Comparison of State Purpose Revenues to Expenditures 2015/16 Budget Planning $1.1m Budget Deficit As of 8/7/16

Comparison of State Purpose Revenues to Expenditures 2015/16 Final Results $.5m Budget Deficit

State Purpose Projections for 2016/17 with comparison to 2015/16

All-State Funds Projections for 2016/17 Includes $1.4m in one-time costs. Potential structural deficit = $3.3m

2016/17 Actions to Enhance Financial Stability Hiring Freeze announced 9/29/16 Develop Model to Improve Enrollment Projections Perform Analysis of Campus Finances: Peer Comparisons Campus-wide and Division Trends Unit profiles – Financial, HR, Enrollment Evaluate Opportunities for Savings through Internal Reorganization Implement Formal Budget Process and Governance Structure

2016/17 Actions to Enhance Financial Stability Solicit Campus Feedback on Revenue Generating & Cost Cutting Opportunities: 2010/11 Summary of Ideas: http://budget.buffalostate.edu/2010-11-budget-status New Ideas: VPFM@buffalostate.edu

Issues/Trends Impacting Long-Term Budget Planning Enrollment Planning Future Tuition/Fee Policy Future Funding for Negotiated Salary Increases and Inflation Funding of SUNY-wide Priorities and “Problems” New SUNY Resource Allocation Model/Performance Funding

Questions/Comments?