budget update. csu budget $63.7 million increase to fund 10,000 student system-wide $23.3 million...
TRANSCRIPT
Budget Update
CSU Budget
CSU Budget
• $63.7 Million increase to fund 10,000 Student system-wide
• $23.3 million increase for 2,700 additional students financial aid awards
• $88.1 million increase toward employee pay increases, as bargained for by unions
• $26 million in general obligation bonds for capital renewal programs
• 8% fee increase for undergraduate students to $2,520; 8% for teacher credential students to $2,922; 10% increase for graduate students to $3,102
CSU Budget
• $560,000 to expend graduate nursing programs and $250,000 to increase the number of teacher preparation programs to produce additional K-12 science and math teachers
• $41.8 million toward mandatory cost increases for health/dental insurance
• $7.9 million for long-term needs for libraries, deferred maintenance and technology initiatives
HSU Budget
HSU Budget• Authorized and State funded enrollment level is 7,389 Full-
time Equivalent Student (FTES), an increase of 180 students over 2004-05.
• FY05-06 budget built on the assumption of enrolling 7,268 FTES (including Summer Session)
– Summer actual enrollments reported at 240 FTES– Need approximately 7,171 FTES for Fall and 6,884 FTES for
Spring to meet HSU’s internal budget estimate for an annual average of 7,268 FTES
– Fall estimate predicts enrollments of 6,950 FTES; HSU’s annual average will probably be about 7,100 FTES. (To meet our 7,268 FTES internal target, we would have to enroll 7,106 FTES Spring 2006) [156 FTES more than Fall]
Where Does Our Money Come From?
General Fund Support $68,727,876
Student/Other Fees $21,004,976
Total General Fund $89,732,852
Net Increase $5,818,594
Compared to last year’s budget of $83,914,258, this means we will have $5,818,594 more dollars this year.
What Did We Fund?Mandatory Cost Increases
Total FY05-06 Mandatory Costs $5,685,064
Salary Increases $2,299,000
Health/Dental Benefits Rate Change $936,000
Retirement Rate Changes $1,108,000
Property Insurance-Risk Pool $190,964
Energy Cost Increase $113,000
Financial Aid to Students $945,900
Maintenance for Recreation Center $50,000
Long Term Maintenance Backlog $42,200
Subtracting the mandatory costs from projected new income leaves us with a balance of $133,530.
What Did We Fund? Campus-Wide Approved
Requests for Funding
Academic Affairs $2,045,000
Student Affairs $128,000
University Advancement $345,000
Administrative Affairs $250,000
President’s Division $522,000
Total Requests $3,290,000
What Did We Fund? Campus-Wide Approved Requests for Funding
Division/Approved Funding Total
Academic Affairs
Summer Session $1,000,000
Lecturers $300,000
Masters of Social Work $250,000
Operating Expenses CNRS $285,000
Unit 11 administration $55,000
Information Technology Services (ITS) $90,000
WASC $65,000
Academic Affairs Total $2,045,000
What Did We Fund? Campus-Wide Approved Requests for Funding
Division/Approved Funding Total
Student Affairs
Alcohol & Drug Intervention Program $56,000
Equity MPP $30,000
Humboldt Orientation Program/Multi-cultural program SSP position
$42,000
Campus Security (one additional police officer)
Student Affairs Total $128,000
What Did We Fund? Campus-Wide Approved Requests for Funding
Division/Approved Funding Total
University Advancement
University Advancement - VP Office/Enrollment Campaign
$265,000
Capital Development Officer - Advancement
$80,000
University Advancement Total $345,000
What Did We Fund? Campus-Wide Approved Requests for Funding
Division/Approved Funding Total
Administrative Affairs permanent funding for 5 one-time funded positions
$250,000
What Did We Fund? Campus-Wide Approved Requests for Funding
Division/Approved Funding Total
President’s Division
Enrollment Management - Admissions/OEM Operating Budget
$500,000
Diversity Training $22,000
President’s Division Total $522,000
Total Approved Requests $3,290,000
How Do We Fund The Cost Increases? Campus-Wide ReallocationTo FY2004-05 Base Budget
Academic Affairs ($1,726,628)
Student Affairs ($296,723)
University Advancement ($63,941)
Administrative Affairs ($510,530)
President’s Division ($175,518)
All University ($383,130)
Total Reallocations ($3,156,470)
How Do We Use Our Money? Recap
Total Increase in Funds $5,818,594
Mandatory Costs ($5,685,064)
Approved Requests ($3,290,000)
Necessary Reallocation ($3,156,470)
Divisional Base Budgets
Academic Affairs $48,556,013
Administrative Affairs $10,654,542
Student Affairs $6,877,908
University Advancement $1,703,004
President’s Unit $5,099,818
All University $16,841,567
Total $ 89,732,852
Questions?