osu faculty senate
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OSU FACULTY SENATE. Budget Update April 8, 2010. FY10 Budget Outlook – Recap of FS Presentation Nov, 2009. E&G Budget Budget balanced with $5.4 million in cuts Possible additional reductions estimated at $7 million if tax measures fail. SWPS Budget - PowerPoint PPT PresentationTRANSCRIPT
FY10 Budget Outlook – Recap of FS Presentation Nov, 2009
E&G Budget•Budget balanced with $5.4 million in cuts•Possible additional reductions estimated at $7 million if tax measures fail
SWPS Budget•Budget balanced with $9 million in cuts•Possible additional reductions estimated at $5.4 million if tax measures fail
2009-10 Financial Variables•Tax measure vote, Jan 2010 – possible further reductions•State revenue forecast – possible further reductions•Furloughs – salary and benefits savings•Enrollment growth stability – increased tuition above budget•Indirect cost recovery – potential for marginal revenue above budget•Tuition rate – possible spring increase if needed
FY10 Budget – Change in Revenue & Expenses since Nov, 09
Net impactAdditional Revenue
•Recurring $8.0 - $9.0 million•Non-recurring $2.0 - $2.5 million
Additional ExpensesExpense increases due to tax measures & economic forecast $0
Additional Revenue•Tuition – revenue above budgeted $4.5 - $5.0 million•Indirect Cost Recovery – revenue above budgeted $1.0 - $1.5 million•Enrollment growth settle-up from Chancellor’s Office $1.7 million•Furlough – salary/benefit savings $2.0 - $2.5 million
Projected FY10 Fund Balance•E&G 11.2% (from 7.6% at start of year)•SWPS 7.7% (from 5.4% at start of year)
143.2
80.1
145.6
568.6
$ 467.4
68.7
38.2
69.0
38.8 38.0
71.1 80.9 265.2
$ 10.0 80.9
88.5 251.0
227.8 209.1
177.7 191.9
$315.0
Other Rev.
State funds
Net tuition & fees
$298.9
S&S, other
Salaries & OPE
$310.8
Other Rev.
State Funds
Net tuition & fees
$320.0
S&S, other
Salaries & OPE
$328.2
Other Rev.
State funds
Net tuition & fees
S&S, other
Salaries & OPE
$333.9
Other Rev.
State Funds
Net tuition & fees
Salaries & OPE
S&S, other
$693.1
$711.8
2010-11 (FY2011) 2011-12 (FY2012) 2012-13 (FY2013) 2013-15 (Biennium)
Key Assumptions, FY11-FY13
Enrollment Growth Revenue Reduction / Cost IncreaseResident – 1% Reduction in State Funding FY11-13 - 15%Non-resident – 5% + INTO PERS Increase – 6.5%Ecampus – 10% PEBB Increase – 10%New investments
Academic faculty - $4 millionNon-academic faculty - $2 million
Tuition Increase Non-recurring in facilities, IT, etc. - $5-$10 millionResident – 8% Non-resident – 3.5% Salary increase – 3%/yearPlateau continued
OREGON STATE UNIVERSITYOSU Education & General Funds (excludes Cascades Campus)
(millions of dollars – not to scale)
Fed. Stimulus
REVENUE REVENUE REVENUE REVENUEEXPENSE EXPENSE EXPENSE EXPENSE