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

3. 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

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

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

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

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

8. 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

9. 2016/17 Actions to Enhance Financial Stability
Solicit Campus Feedback on Revenue Generating & Cost Cutting Opportunities:
2010/11 Summary of Ideas:
New Ideas:

10. 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

11. Questions/Comments?