1. CFAES FY2015 Department Allocations
Oct. 13, 2014
Eric Bode, Finance Director

2. General Fund Allocations Method 1 – OSU Earnings and Costs
Agenda
Issues and Goals
General Fund Allocations
Method 1 – OSU Earnings and Costs
Method 2 – CFAES Priorities
Determination of Amount
All Allocations (OSUE, OARDC, Cash)
Next Steps

3. Why Change? Goals Increase transparency Clarify incentives
Issues and Goals
Why Change?
Goals
Increase transparency
Clarify incentives
Align Regents/OSU/CFAES distributions

4. GENERAL FUND ALLOCATIONS
Final Academic Allocation is…
Greater of
FY14 Allocation
Average of Method 1 & Method 2

5. GENERAL FUND ALLOCATIONS
METHOD 1 – OSU EARNINGS AND COSTS
Earnings
Unweighted and Weighted Credit Hours
Student Fees
Costs
Square Footage
Student Services
OSU Central Tax

6. GENERAL FUND ALLOCATIONS
Method 1 Spreadsheet

7. GENERAL FUND ALLOCATIONS
Method 1 Spreadsheet

8. GENERAL FUND ALLOCATIONS
Method 1 Spreadsheet

9. GENERAL FUND ALLOCATIONS
METHOD 2 – CFAES PRIORITIES 48% Credit Hours 24% Students in Majors 12% Graduation Rates 10% Divided Equally 4% Study Abroad 2% Undergraduate Research

10. GENERAL FUND ALLOCATIONS
Method 2 Spreadsheet

11. GENERAL FUND ALLOCATIONS
Research - Columbus Only
Earnings
Indirect Charges (F&A)
Costs
OSU Research Admin

12. GENERAL FUND ALLOCATIONS
Notes:
Of CFAES Academic General Funds, 22% is taken off the top for Academic and CFAES Central Services.
All calculations are done “from scratch”, not using marginal changes.
Allocations includes benefits

13. GENERAL FUND ALLOCATIONS
Total Dollars: Academic earnings: $59.8M, costs: $34.4M, net: $25.4M Research earnings: $1.6M, costs: $0.8M, net: $0.8M Total net for departments: $25.9M Minus 22% CFAES charge: $20.3M for Departments

14. OSUE and OARDC: Similar to Last Year Also shown: Cash Balances
ALL ALLOCATIONS
General Funds
OSUE and OARDC: Similar to Last Year
Also shown: Cash Balances

15. ALL ALLOCATIONS

16. ALL ALLOCATIONS
Total Annual Rate: OARDC $15.2M OSUE $5.5M General Funds $21.6M Total: $42.3M All Cash Carryforward: $27.6M (Incl. Devt, Earnings, Endowment Distrib., Grants & Contracts)

17. Spreadsheets and explanation will be posted on CFAES Finance website
Next Steps
Next Steps
Spreadsheets and explanation will be posted on CFAES Finance website
“Deep dive” first week of January
We’ll do this earlier next year

18. CFAES FY2015 Department Allocations
Eric Bode, Finance Director