1. Budget Overview
February 3, 2017

2. Revenue Projection – Regular Tuition
Tuition projection based on tuition rate increase and enrollment projections
Projected
Actual
Difference
FY 2015
$178,264,281
$178,507,370
$243,089
FY 2016
$182,077,390
$187,141,920
$5,064,530
FY 2017
$191,540,612
$188,490,753
($3,049,859)
FY2017 revenue projection based on projected 3.5% decrease in enrollment, 4% projected decrease in revenue, with a 5% tuition rate increase; The net projected increase in revenue was 1%
FY2017 Allocation
FY2018 Initial Projection
Projected
Actual
Revenue
$191.5
$188.5
Unit Allocation
$115.7
Utilities
$25.0
Scholarship
$35.0
Off-The-Top / WC
$11.0
Contingency / Reserves
$4.8
$1.8
Projected
Revenue
$181.0
Unit Allocation
$115.7
Utilities (10% Increase)
$27.5
Scholarship
$35.0
Off-The-Top / WC
$11.0
Contingency / Reserves (Shortfall)
-$8.2
FY2018 revenue projection based on projected 3% decrease in enrollment, 4% projected decrease in revenue, and no tuition rate increase

3. Actual Enrollment Headcount
Fall 2015
Fall 2016
Difference %
Undergraduate
13,616
13,043
(573)
-4.39%
Graduate
5,176
4,924
(252)
-5.12%
Other Campus 73 88 15
17.05%
No Data 1
100.00%
TOTAL
18,865
18,056
(809)
Resident
12,488
12,046
(442)
-3.67%
Non-Resident
6,377
6,010
(367)
-6.11%
NR Non-Exempt
2,612
2,364
(248)
-10.49%
NR WUE
2,390
2,284
(106)
-4.64%
NR Exempt
1,375
1,362
(13)
-0.95%
Average enrollment decline by type of student: ~4.8% Data from IRAO Enrollment Data Table 4

4. Proposed Budget Model Analysis
Proposed Model
Alternate Model
Tuition Return
Undergraduate: 40%
Graduate: 70%
Funding Pool
Where possible, units were adjusted to receive a similar distribution as their FY2017 allocations
There is insufficient tuition revenue to guarantee the proposed rate of return and to hold harmless
Tuition Return
Undergraduate: 20%
Graduate: 70%
Funding Pool
Where possible, units were adjusted to receive a similar distribution as their FY2017 allocations
There is sufficient tuition revenue to guarantee the rate of return for FY using the percentages above
Tuition return could increase in future years

5. Budget Model Calculation
Off the Top Adjustments
Scholarships
Assessments
Undergraduate
Revenue and waivers are pooled for all undergraduate students
40% of the net undergraduate revenue is attributed to the unit based on SSH, Majors and Degrees
60% goes to the funding pool
Graduate
Revenue and waivers are attributed to the program where the student is enrolled
70% of the net graduate revenue is attributed to the unit
30% goes to the funding pool
Differential Programs
The difference between the program’s tuition rate and the regular graduate tuition rate is considered the differential
100% of the differential is attributed to the respective unit
The amount up to the regular graduate rate is attributed based on the graduate calculation
Prior agreements for differential tuition and scholarships are no longer applicable
Fees (Program and Course)
100% of fee revenue is returned to the respective unit
Funding Pool
Re-baselining General funds and remaining tuition to meet funding pool requirements

6. Budget Model Data Dictionary
Data Source (Students)
Retrieved from IRAO ODS Data System
Summarized snapshot data from Banner
Undergraduate Measure Data
SSH and Major from CENSUS data
SSH based on primary unit offering the course
Majors are the first recorded major for the student
Degrees from End of Semester (EOS) data
Degrees are based on which unit awarded the degree to the student
Graduate Data
Determined by the program each graduate student is enrolled

7. Going Forward Funding Pool Distribution Revenue Considerations
Current model holds allocations level with FY2017
A more strategic method of distributing the funding pool is needed for future fiscal years.
Revenue Considerations
Impact of enrollment, retention and graduation rates
Impact of scholarships and waivers
Efficiency and effectiveness of all units
Summer and Outreach Extension are being considered for inclusion for FY2019’s model