Academic Senate FY Budget Update April 18, 2018

Slides:



Advertisements
Similar presentations
2010–2011 CAPITAL AND OPERATING BUDGET UNIVERSITY OF KENTUCKY.
Advertisements

HUMBOLDT STATE UNIVERSITY BUDGET & FACILITIES OVERVIEW FEBRUARY 11, 2014.
Mott Community College Board of Trustees January 26, 2009 BUDGET WORKSHOP.
Budget Update September 19, FY 2008 Spending Plan FY 2008 Spending Plan.
Florida Atlantic University Overview of Operating Budget Process Presentation to the Florida Atlantic University Foundation, Inc. Board of Directors February.
2012/13 Educational and General Budget Finance, Administration, and Facilities Committee Board of Governors October 5, 2011.
California State University Update on the 2003/04 CSU System Budget.
1 February 14, 2008 Budget Update State Budget (Slides 2 – 8) and CSU Budget (Slides 9 – 15) CSUS Budget (Slides 16 – 22) California State.
Town Hall Meeting Development of Next Two-Year Budget FY2010 and FY2011 December 4, 2008 Presented by: Scott Bass, Provost and Don Myers, Vice President.
FY 2012/13 Budget Update Board of Governors Finance, Administration, and Facilities Committee April 4, 2012.
South Seattle College BUDGET HEARING FY June 3, 2015.
BUDGETING – CRADLE TO BOARD AT THE UNIVERSITY OF OTTAWA CAUBO – Pre-conference June 23, 2007.
2010/ /12 Budget Town Hall May 25, /11 Government Grant ($ in millions) E XPECTED Base Transition and Growth Total Grant Anticipated.
Mott Community College Board of Trustees Committee of the Whole Meeting June 23, 2008 BUDGET RESOLUTIONS.
Budget Update 10/25/20152.
Mott Community College Board of Trustees Committee of the Whole Meeting June 27, 2011 BUDGET RESOLUTIONS.
PENNSYLVANIA STATE SYSTEM OF HIGHER EDUCATION. Spring 2014 Adjustments Board of Governors’ Meeting April 9, 2014 PASSHE Budget Update.
1 Presentation to the CSU Board of Trustees Committee on Finance 2004/05 Budget Issues November 19, 2003.
FY15 Academic Affairs Budget Planning & Discussion UC Raccoon Mountain Room March 17, 2014.
FY 2011 Compendium of Financial Information Arizona Board of Regents Enterprise Initiatives, Finance and Strategic Planning Committee December 1, 2011.
January Cal Poly Budget Presentation UPBAC January 2009.
CALIFORNIA STATE UNIVERSITY, SAN BERNARDINO CAMPUS BUDGET FORUM October 30,
PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013.
STRATEGIC BUDGET COMMITTEE CHARGE Develop model for a 5 year sustainable budget. The model budget should include strategies for cost reductions, recommendations.
2014/15 Educational and General Budget Board of Governors Finance, Administration, and Facilities Committee October 16, 2013.
URPC Budget Update January 29, CA Governor’s Budget Reflects ongoing economic recovery o Projects economy will continue to grow in 2016 and 2017.
Budget Status Fiscal Year 2011 & 2012 May 11, 2011 Draft.
State appropriations and tuition proposals to Board of RegentsAug/Sept Establish priorities for budget planningOctober Board of Regents approves tuition.
OPEN – FIN – INFO 1-16 January 31 – February 1, 2013 OPEN – FIN – INFO 1-16 January 31 – February 1, 2013 Strategic Financial Planning Assumptions and.
The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator. Presented to the Board of Trustees March 2007 FY
Planning and Budget Committee April 13, Agenda How are we doing? How are we doing? – 2nd Qtr Results How much is tuition going up? How much is tuition.
BUDGET PROPOSAL Education & General Fund Fiscal Year
South Seattle College Public Budget Hearing Fiscal Year
Seattle Colleges Budget Proposal Fiscal Year
THE MMCC BUDGET January 15, 2015.
Superintendent’s Budget Update Draft
CWU Financial Updates CWU Board of Trustees May 13, 2015
Budget Process and Timeline
Budget Briefing Sonoma State University Academic Senate August 31st, 2017 University Budget and Planning University Budget Office.
University of Oregon Financial Briefing
Academic Senate Sonoma State University August 31, 2017
May 21, 2012 Operating Budget Fiscal Year 2013
Ohio University Cost Diagnostic
Fiscal Year Budget Update President’s Cabinet
Mott Community College Budget Update
CHANCELLOR’S REPORT Faculty Senate, January 26, 2017
Victor Valley Community College District Budget Workshop June 11, 2013
The Size of Campus – Considerations and Analyses
Operating Budget Update—March 2016
FY 2014 Budget Review & FY 2015 Budget oUTlook
BUDGET PROPOSAL Education & General Fund Fiscal Year
Budget Update 11/11/ Budget Update 11/11/2018.
Cal Poly’s Budget Today and Moving Forward
Budget Briefing October 24, 2013
Campus Conversation: The Lewis-Clark State College Strategic Plan
BUDGET PROPOSAL Education & General Fund Fiscal Year
Academic Senate Sonoma State University August 31, 2017
First Quarter Financial Status Report
BUDGET PROPOSAL Education & General Fund Fiscal Year
Division of Business and Finance
2018–19 Budget Conversations Presenters: Graham Carr, Provost and VP, Academic Denis Cossette, Chief Financial Officer September 2018.
Cal Poly’s Budget Today and Moving Forward
David Jewell and Kyle Moore
South Seattle Community College
CAMPUS FORUM June 22, 2005.
University Budget Review and Update.
5/5/2019 Budget Update May 19, 2010 Cal Poly Pomona – Budget Services.
Budget Update 7/13/ Budget Update 7/13/2019.
FY 2019 Budget Development General Operating Funds
STRATEGIC GOAL III Strengthen planning, budgeting and assessment.
Presentation transcript:

Academic Senate FY 2018-19 Budget Update April 18, 2018

CSU FY 2018-19 Operating Budget The CSU FY 2018-19 Operating Budget approved by the Board of Trustees (BOT) included new resources to help meet the education and workforce needs of the State totaling $283M: $263M New state general fund appropriation request $ 20M Enrollment growth tuition revenue The need for new funding focused on five key areas: The Graduation Initiative 2025 $ 75M Compensation increase for all employees $122M Enrollment growth of 1% (3,641 FTES) $ 40M Critical Infrastructure $ 15M Mandatory cost increases $ 31M (Healthcare, retirement & minimum wage increases)

CSU FY 2018-19 Operating Budget (Continued) Governor’s “January Budget Plan” for CSU calls for an augmentation of $92M—$171M less than the CSU request. Governor’s “May Revise Budget” scheduled for May 14. CSU actively engaged in efforts to increase state funding. Absent additional funding, in January the BOT identified the following potential strategies: Reducing academic & non-academic programs and services. Cost avoidance, effectiveness & reallocations by each campus. Potential tuition fee increase for 2018-19 identified as a contingency.

CSU FY 2018-19 Operating Budget (Continued) During March BOT meeting, a revised FY 2018-19 CSU budget was identified that forgoes new investments (i.e., funding) in: Year 2 of Graduation Initiative Enrollment growth Infrastructure & deferred maintenance The BOT also discussed the need to reduce expenses, including an evaluation of financial aid cots, and increase both state and non-state funding, including the importance of continued active lobbying efforts and the possibility of a tuition increase in 2018-19.

Preliminary CSU FY 2018-19 Budget Memo There is still a gap of $60M between the Governor's January Budget and the revised CSU FY 2018-19 budget.

Preliminary CSU FY 2018-19 Budget Memo (continued)

Preliminary CSU FY 2018-19 Budget Memo (continued)

Additional Context: Existing CSUDH Base Budget Deficits

Additional Context: CSUDH Multi-Year Budget Commitments Planned in FY 2018-19 The University Budget Committee also considering other FY 2018-19 strategic funding priorities and potential opportunities to further increase non-state revenue.

Next Steps: Upcoming UBC Meeting Agendas Friday, April 27 Review third quarter budget and expenditure reports and preliminary projected year-end carryforward balances. Review/identify and affirm funding commitments to: Multi-year allocations planned in FY 2018/19 Other potential FY 2018-19 strategic priorities Unspent FY 2017-18 new operating fund & approved FY 2018-19 student success fee allocations Continue analysis and discussion on opportunities to increase non-state revenue. Friday, May 25 Review and assess Governor's FY 2018-19 May Revise Budget and determine next steps.

Questions?

Example: Prorated Allocation of $1,735,000 Shortfall Provided only to illustrate one of multiple potential scenarios to allocate preliminary projected shortfall based on March CO budget memo. Does not suggest or imply a recommended approach.