1. Budget FY04 Update October 9, 2003

2. 2 FY 2004 Budget Development Analysis of Appropriations – GR and Other FY 2003FY 2004Difference GR-Formula Funding59,410,59359,276,353(134,240) GR-Capital Equity and Excellence2,680,3972,345,347(335,050) GR-Institutional Enhancement2,543,7732,834,957291,184 GR-Special Items964,969844,348(120,621) Growth Appropriation210,761(210,761) State Salary Sources946,543(946,543) Excellence Funding854,133(854,133) GR Reduction – Article III, Sec. 56(109,087) GR Reduction – Article IX, Sec. 11.15(181,108) GR Shortfall in TRB Debt Service(1,030,462) Net Change in Appropriation Funding(3,630,821) Benefits Reductions and Proportionally Change(1,228,841) Subtotal(4,859,662) Elimination of TIF Grants(2,921,092) TOTAL(7,780,754)

3. 3 FY 2004 Appropriation Shortfall7,780,754 Offset by 2002-2003 Enrollment Growth and Tuition Increases 3,592,080 Offset by Computer Service Fee and Library Fee 2,921,092 FY2004 Budgeted Deficit1,267,582

4. 4 Divisional Distribution of Budget Deficit (Effective 9-1-04) Division04 BudgetPercentage Share of Budget Deficit President2,248,2204.57%57,969 Academic Affairs16,748,547*34.07%431,853 Finance and Support Services 12,144,76924.70%313,147 Student Affairs7,936,02216.14%204,626 University Advancement 2,556,0245.20%65,906 Information Technology 7,527,01915.31%194,080 * Excluding faculty salaries1,267,582

5. 5 Values underlying budget decisions Make budget decisions in support of strategic priorities Continuously re-examine priorities and reallocate existing dollars accordingly Live within our means

6. 6 FY 2003/2004 Budget Development- New Faculty Positions Funded DepartmentTitleNameSalary MarketingAssistant ProfessorSuh, Taewon75,024 CISAssistant ProfessorTo Be Named82,000 Finance & EconomicsAssistant ProfessorTo Be Named85,000 Curriculum & InstructionAssistant ProfessorTo Be Named47,481 Art & DesignAssistant ProfessorBlanco, Ivanette43,128 Unallocated7,171 Undergraduate Education339,804 EAPSAssistant ProfessorTo Be Named48,000 Mass CommunicationsAssistant ProfessorTo Be Named42,000 Finance & EconomicsAssistant ProfessorTo Be Named91,000 Family & Consumer ScienceAssistant ProfessorTo Be Named45,000 CIS & Quantitative MethodsAssistant ProfessorTo Be Named75,000 AnthropologyAssistant ProfessorTo Be Named38,000 Curriculum & InstructionAssistant ProfessorTo Be Named48,000 Art & DesignAssistant ProfessorTo Be Named48,000 Special Opportunities (3-4)Assistant ProfessorTo Be Named354,139 Advising and OSFA Savings789,139 Aquatic Resources Ph.D.Assistant Professor, 12-monthHuston,Michael95,319 Aquatic Resources Ph.D.Assistant Professor, 12-monthTo Be Named85,029 Education Ph.D.Assistant ProfessorTo Be Named70,200 New Program250,548 Total New Faculty PositionsAssistant Professors1,379,491

7. 7 Analysis of New Faculty Positions Needed In Order to Maintain Student/Faculty Ratio Fall 2001Fall 2003 Student FTE18,57920,838 Total Faculty FTE828872 Student/Faculty Ratio22.4423.90 New Faculty Positions Needed57 Vacant Faculty Positions Created in FY2004 Budget Development -17 Net New Faculty Positions Needed40 Average New Assistant’s Professor’s Salary$52,554 Benefits$614,486 Approximate Cost of Funding New Faculty Positions$2,716,651