1. FY19 Budget Summit College of Business Jeffrey Stinson, Dean
The mission of Central Washington University is to prepare students for enlightened, responsible, and productive lives; to produce research, scholarship, and creative expression in the public interest; and to serve as a resource to the region and the state through effective stewardship of university resources.
Qualified faculty and staff create a community that encourages and supports the emotional, personal, and professional growth of students from a variety of backgrounds. 

2. College of Business
We launch students toward a better future by engaging them in industry-relevant, student-centered programs driven by strong partnerships between students, faculty, staff and business professionals.

3. FY19 Financial Information
Summer Budget
Net Revenue (Includes Waivers/Bad Debt): $1,334,872
Less Provost %: ($99,222)
Less Summer Overhead Costs: ($38,956)
Less Summer Instruction: ($677,284)
Transfer to Dean’s Operating Budget: ($400,000)
Ending Summer Budget: $119,409

4. FY19 Financial Information
Dean’s Operating
Beginning Balance: $628,681
Transfer Summer to Dean’s Operating Budget: $400,000
Transfer from Management: $10,000
Out to Depts: Goods/Services, Prof. Dev. (YTD/Projected): ($123,100)
Outreach and Accreditation: ($122,000)
Payroll & Benefits expensed to Dean’s Operating: ($102,670)
Goods expensed to Dean’s Operating: ($46,345)
Ending Dean’s Operating Budget: $644,566

5. FY19 Financial Information
CB Carry-Forward
Beginning Balance: $1,411,630
Anticipated FY 19 Spend Down*: ($187,243)
Projected FY 20 Carry-Forward: $1,224,387
Fund CB Reserve Account: ($250,000)
Summer Rollover** ($268, 377)
Department Carry-Forward: ($175,500)
Carryover Ending Balance: $530,510
*Approximately $160,000 associated with one time Dean transition and Shaw move expenses
**Includes the $119,409 from the previous summer slide + projected June 2019 summer

6. College of Business FY19 Projection FY16 FY17 FY18 Expenses* Total SCH
$ ,974,585
$ ,999,930
$ ,461,483
Total SCH
64,811
66,146
65,517
Expenses/SCH
$138.47
$136.06
$144.41
*Excludes 149 Faculty Development Funds provided by Provost to the colleges. Includes Local General Funds.
**Includes summer. This is all SCH prior to the 70/30 RCM allocation split.

8. **Example Chart – Insert college-specific hart here**

10. FY19 Budget Impacts CB Discretionary Funds:
Projected Carry-forward: $530,510
FY 20 Needs: Hedge against lower RCM allocation
3 years support of structural deficit (anticipated to increase)
Promotion and merit increases
Invest in new graduate programs
Invest in recruiting/marketing
Invest in peer advising/CB CAT Center
Invest in fundraising

11. Thank you!