1. FY 2009 Budget Discussion New Jersey City University Cabinet April 14, 2008

2. 2 Agenda Financial Outlook Enrollment Trends Cost Per Student FTE Pricing Review of FY09 Budget Budget Calendar

3. 3 FY09 Financial Outlook Cuts in State Appropriations Uncertainty in Employee Position Count Auction Rate Securities & Debt Refinancing Controlling Growth of Operating Costs Controlling Capital Costs Enrollment Trends SCI Report on financial abuse at State universities

4. Enrollment Trends

5. 5 Undergraduate Enrollment History (FTE’s)

6. 6 Graduate Enrollment History FTE

7. 7 Online Course Enrollment History

8. Cost Per Student FTE

9. 9 Expense Per FTE Source: NJASCU Expense Study: Data Integrity Report (Oct. 14, 2007)

10. 10 Expense Per FTE Source: NJASCU Expense Study: Data Integrity Report (Oct. 14, 2007)

11. Pricing

12. 12 Annual Tuition and Fees – FY ’08 Undergraduate

13. 13 Graduate Tuition and Fees – FY ’08 (per credit) State Colleges and Universities Comparison

14. 14 Proposed Tuition and Fees – FY 2009

15. Review of FY 2009 Budget

16. 16 Revenue and Expense Projections Incremental Revenues & Expenses based on Governor’s FY09 Budget Reductions

17. 17  Avoid passing entire cost of cuts/gap to students via tuition increase  Budget gap remediation options:  Hiring freeze  Vacant and temporary positions  Elimination of vacant/temporary positions  Reduction in Non-Salary base budget  Suspension of out of state travel  Restructure/consolidate functions and departments  Streamline University operations  Reduced operating hours or partial closure of computer labs on campus  Fifty percent cut in tech support for computer labs, testing, and technology in classrooms  Reduced operating hours and services in Congressman Frank J. Guarini Library  Fifty percent cut in funding for student assistants in the Library, resulting in seriously diminished services Addressing the Budget Gap

18. 18  Adjuncts and Overload  Discounts on out of state tuition  Deferred Maintenance  Position Counts Areas of Major Concern

19. 19 Preliminary Budget Gap Resolution Employ an iterative process to identify cost reduction measures Vice Presidents collaborate to identify measures for divisions

20. 20 FY2009 Budget Calendar Tuition and fee hearing – April 24, 2008 Budget mailed to finance committee – Mid May Board will consider tuition and fees and budget – June 23, 2008

21. Other Issues to be Addressed DISCUSSION