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Fiscal Year 2006 - 2007 Budget June 23, 2006. Overview Enrollment Enrollment Tuition Tuition Operating Fee Revenue Operating Fee Revenue FY07 Operating.

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Presentation on theme: "Fiscal Year 2006 - 2007 Budget June 23, 2006. Overview Enrollment Enrollment Tuition Tuition Operating Fee Revenue Operating Fee Revenue FY07 Operating."— Presentation transcript:

1 Fiscal Year Budget June 23, 2006

2 Overview Enrollment Enrollment Tuition Tuition Operating Fee Revenue Operating Fee Revenue FY07 Operating Budget FY07 Operating Budget FY07 Capital Budget FY07 Capital Budget

3 Enrollment

4 Enrollment Historical Trends & Historical Trends & FY Projection FY Projection Demographics & Market Demographics & Market Planning Planning

5 Enrollment Historical Trends & FY Projection

6 Annualized Average FTES FY 2000 to FY 2007 (Projected) Projection

7 Percent FTE Trend Rate FY1998 to FY2007 Projection

8 Enrollment Fall 2006 Projection Fall 2005 Fall 2006 New Freshman 1,5891,348 New Grad Students New UG Transfers 1, Former Student Returning Continuing Students 6,6366,884 Headcount9,8689,629 *Annualized FTES range from 8,948 to 9,043 Source: HEER 10 th Day Reports

9 Enrollment New Freshman & Transfer Enrollments New Freshman & Transfer Enrollments

10 Enrollment Impacts On FY 2006 – 2007 Enrollment Increased Competition Increased Competition New Markets for Freshman New Markets for Freshman Better Economy Better Economy

11 Enrollment Demographics & Market

12 State of Washington Population Forecasts By Traditional College Age Group Source: OFM-November 2005 Pop. Forecast

13 State of Washington Public and Private High School Graduates – Actual and Forecasted Source: Western Interstate Commission for Higher Education (WICHE)

14 Washington State High School Enrollment & Capture Rates: Fall 1995 to Fall 2006 (Fall 2006 based on Admissions Trend) Source: WICHE, HEER

15 EWU Transfers from Community Colleges CC Capture Rate – 2006 Based on Admissions Trend Note: Assumes CC transfer admissions trends follow total transfer admissions trends as a whole. Source: SBCTC, HEER

16 EWU Historical Enrollments from WICHE States – Fall Quarters

17 Enrollment FY Financial Impact FY Financial Impact Targeted Recruitment Efforts Targeted Recruitment Efforts Focus on Strategic Plan Focus on Strategic Plan Manage Market Share Manage Market Share Investment in Recruitment & Investment in Recruitment & Retention Efforts Retention Efforts Planning For the Future

18 Tuition

19 FY07 Tuition Components (Per Quarter) 6% increase for resident students CategoryOperatingFeeBuildingFeeS&AFee Residents Undergraduate Undergraduate$1,226.37$48.63$ Graduate Graduate$1,962.62$48.38$ Non-Resident Undergraduates Domestic Domestic$4,125.84$170.16$ International International$4,125.84$170.16$ Non-Resident Graduates Domestic Domestic$5,397.79$166.21$ International International$5,397.79$166.21$ Mandatory fees are assessed separately

20 Category Current Tuition Rates FY07 Tuition Rates Resident Undergraduate $4,044$4,278 Resident Graduate $6,108$6,465 Non-Resident Undergraduate $13,317$13,335 Non-Resident Graduate $17,100$17,118 Student Impact Annual Tuition Rates Non-Resident rate changes due to S&A Fee increase only. Includes Tuition, S&A Fees, and Building Fees. Other Mandatory fees assessed separately. $234 $357 $18

21 FY Mandatory Fees Category FY06 Fees FY07 Fees Technology Fee $105.00$ Health Clinic Fee $115.17$0 Health & Wellness Fee $16.95$0 Comprehensive Health & Wellness Fee & Wellness FeeN/A$ Total Fees $237.12$ All categories of students pay the same level of mandatory fees. $49.95

22 Additional Annual Impact on Students Student Impact 6% Grant Funds Available to Offset Impact High-Need Students $243$247 Low/Medium Need Students $243$0-$85 Resident Undergraduate State Need Grant award amounts were increased by the State to offset a 6% tuition increase. Students not eligible for the State Need Grant will be eligible for additional grant & loan assistance, or will cover increases out-of-pocket.

23 Recommended Action It is recommended that the Board of Trustees approve a 6% tuition rate increase for resident students and a 6% service and activity fee increase for all fee paying categories for fiscal year 2007, which begins July 1, 2006 and ends June 30, 2007.

24 Operating Fee Revenue

25 FY07 Operating Fee Assumptions Waivers18.0% Financial Aid held at06 Level EWU Financial Aid3.5% Addition to Fin. Aid221,001 FTES8,850 Headcount9,009 FTES/HC Conversion1.018 Enrollment MixFY 06 Mix Interest Income$110,000 Uncollectibles1.2% University Reserves$300,000 Enrollment Assumptions Waiver Assumptions Policy Assumptions Financial Aid Assumptions

26 FY07 Operating Fee Revenue Gross Operating Fee Revenue41,215,535 Less: Tuition Waivers-7,418, % EWU Financial Aid-1,165,575 Uncollectible Allowance-494,586 Plus: Interest Income110,000 Less: Additional Financial Aid-221,001 -9,189,966 Net Operating Fee Revenue32,026,000 Net New Revenue for Distribution$995,000 Estimate based on resident tuition increase of 6% and 8,850 FTES

27 FY07 Operating Budget – Tuition Revenue Based Revenue Available for Policy Based Distribution $ 995,000 Less: FY06 Reduction Balance Less: FY06 Reduction Balance - 216,000 Smart Buy Reduction Smart Buy Reduction-90,000 Blackboard System Blackboard System-60,000 Library Collections Library Collections-70,000 Retention and Student Learning Retention and Student Learning-100,000 PEHR PEHR-240,000 Info. Technology Info. Technology-140,000 China Program China Program-35,000 Balance Remaining $ 44,000

28 FY07 Operating Budget Tuition Revenue Proposals Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategy: –Provide an Environment for Learning and Teaching Excellence Create a physical and technological environment that supports integrated learningCreate a physical and technological environment that supports integrated learning Provide services and resources to enable students and faculty to acquire and use knowledgeProvide services and resources to enable students and faculty to acquire and use knowledge Blackboard System $ 60,000

29 FY07 Operating Budget Tuition Revenue Proposals Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategy: –Provide and environment for learning and teaching excellence Provide services and resources to enable students and faculty to acquire and use knowledgeProvide services and resources to enable students and faculty to acquire and use knowledge Library Collections $ 70,000

30 FY07 Operating Budget Tuition Revenue Proposals Retention & Student Learning $ 100,000 Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategy: –Provide and environment for learning and teaching excellence Provide services and resources to enable students and faculty to acquire and use knowledgeProvide services and resources to enable students and faculty to acquire and use knowledge

31 FY07 Operating Budget Tuition Revenue Proposals Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategies: –Foster engaged student learning Enhance learning connectionsEnhance learning connections Physical Education, Health & Recreation $ 240,000

32 FY07 Operating Budget Tuition Revenue Proposals Information Technology $ 140,000 Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategy: –Provide and environment for learning and teaching excellence Provide services and resources to enable students and faculty to acquire and use knowledgeProvide services and resources to enable students and faculty to acquire and use knowledge

33 FY07 Operating Budget Tuition Revenue Proposals Promotes EWU Academic Strategic Plan Goals G OAL : A R IGOROUS AND E NGAGED S TUDENT L EARNING E XPERIENCE Strategies: –Integrate Multicultural and International Perspectives into the Learning Experience Recruit and retain a greater diversity of faculty, staff, & studentsRecruit and retain a greater diversity of faculty, staff, & students Integrate multicultural perspectives into the curriculumIntegrate multicultural perspectives into the curriculum Increase international perspectives and enrollment of international students as well as participation in study abroad programsIncrease international perspectives and enrollment of international students as well as participation in study abroad programs China Program $ 35,000

34 New State Enrollment Distribution Total State Allocations for Enrollment (Education Legacy Trust Account) $ 2,167,000 Allocations: Instruction Distributions $ 263,117 Non-Instruction Distributions 236,883 Faculty Salary Increase 1,154,000 Exempt Salary Increase 200,000 Reserves for Enrollment Declines 313,000

35 New Allocations By Executive Level Unit New State Enrollment Academic Affairs$ 351,351 Business & Finance87,826 Student Affairs26,457 University Advancement14,976 President’s Office19,390 Totals$ 500,000

36 New State Enrollment Distribution Education & Human Development$ -48,624 Business & Public Administration-35,078 Arts & Letters36,440 Social Work75,072 Social & Behavioral Sciences104,056 Science, Health & Engineering131,251 Total Instruction Distribution$ 263,117

37 New Enrollment Distribution Academic Affairs Administration$ 35,937 Library26,297 Information Technology 26,000 Academic Affairs Total$ 88,234 Business & Finance87,826 Student Affairs26,457 University Advancement14,976 President’s Office7,903 Intercollegiate Athletics11,487 Total Non-Instruction Distribution$ 236,883

38 FY07 Salary Increases Faculty Increase –9.45% across the board - $1,279, % State Funded, 9/1/05 2.0% Signing Increase, University Funded 1.6% State Funded, 9/1/ % University Funded, 9/1/06 –1.0% Signing Bonus, $300,000 –Merit Pool, approx $80,000 Exempt increase –3% across the board, 9/1/06 - $405,000 Classified increase –1.6% on July 1, $232,000

39 FY 2007 Budgeted Operating Revenues All Funds FundAmount ,547, ,026, ,872,613 4xx 123,892 5xx28,494, ,942, ,011,000 Total$165,017,371 Note: Service Funds figure does not include $4,700,426 in recharges.

40 State and Tuition (Ledger 1) Expenditures Instruction$ 42,482,429 Research292,696 Public Service259,302 Academic Support5,063,204 Libraries4,642,183 Student Services8,007,984 Institutional Support12,292,639 Plant Operations & Maintenance10,532,603 Total Ledger 1$ 83,573,040

41 Operating Budget FY07 Non Ledger 1 Operating Budget

42 Dedicated Local Funds (Ledger 2) The dedicated local fund provides educational programs which support the mission of the university but that are not directly funded by the Washington State Legislature. Programs in this fund include Running Start, Summer Session, International Field Studies, Study Abroad, University Press, course fees and other continuing education courses. Revenues$16,872,613 Expenditures17,840,245 Fund Balance Draw967,632 Expenditures exceed revenues due to the use of fund balances in the accounts. [Fund 148]

43 Service Funds (Ledger 3) The service activities or internal revolving funds provide goods and services for other university functions. Service funds include stores operations, printing and duplicating, workforce construction, telecommunication services, and motor pool. [Funds 440, 448, 450, 455, and 460] Revenues/Recharges$4,824,318 Expenditures/Deductions4,788,033 Projected Net Income36,285

44 ASEWU Funds (Ledger 3) This enterprise includes the operation of student government and provides funds for concerts, social activities, campus recreation, commuting services, student publications such as The Easterner, clubs and organizations and other associated student sponsored activities. [Fund 521 and 522] Expenditures exceed revenues due to the use of fund balances in the accounts. Revenues/Additions$2,496,006 Expenditures/Deductions2,568,430 Fund Balance Draw-72,424

45 Intercollegiate Athletics (Ledger 3) The intercollegiate athletics fund includes program support costs, travel, and scholarships granted to student participants based on their athletic ability. [Fund 523] Self Support Revenues/Additions$4,299,988 Expenditures/Deductions4,299,988 Projected Net Income0 State Support2,585,629

46 Bookstore (Ledger 3) The bookstore serves the students with textbooks, supplies, computer hardware and accessories, gift items and EWU merchandise. [Fund 524] Revenues$6,887,144 Expenditures6,800,078 Projected Net Income87,066

47 Pence Union Building (Ledger 3) The PUB provides a central gathering place that serves as the hub of college life for the university. It provides for services, conveniences, and amenities the members of the college family need in their daily lives on campus and for getting to know and understand each other through informal association outside the classroom. [Fund 570] Revenues$913,218 Expenditures/Deductions908,494 Projected Net Income4,724

48 Parking (Ledger 3) Parking services provides for the parking on campus, and promotes safety and customer services to faculty, staff, students and visitors. [Fund 572] Revenues$620,000 Expenditures/Deductions632,967 Fund Balance Draw-12,967

49 Housing and Dining (Ledger 3) The housing and dining program provides room, board and event planning services for students, staff and visitors of the university. It provides a safe, pleasant and well-maintained environment that supports the educational, personal and social growth of all residents. [Fund 573] Revenues$13,278,470 Expenditures/Deductions13,342,299 Fund Balance Draw-63,829

50 Scholarships and Fellowships (Ledger 5) Federal Grants (includes Pell grant and the Supplemental Educational Opportunity Grant – SEOG) 9,540,8959,245,9768,850,0009,000,000 State Grants (includes State Need Grant) 7,154,8897,497,5728,850,0009,000,000 EWU Grants (includes EWU grant, endowed scholarships and license plate) 1,470,0921,477,9931,463,9771,467,000 Private Grants (foundation endowed scholarships) 471,662463,761477,777475,000 Total 18,637,53818,685,30219,641,75419,942,000 Scholarships and Fellowships include funds for student aid programs, some federal and state aid programs and privately endowed scholarships.

51 Sponsored Programs (Grants & Contracts) (Ledgers 4 & 5) Federal 6,393,425 5,508,858 5,431,0005,688,000 State3,049,788 4,549,967 4,295,0004,640,000 Local 2,224,936 2,533,231 2,694,0002,750,000 Private 2,375,546 2,368,029 2,285,0002,396,000 Other 260,098461, ,000537,000 Total14,303,79315,421,65715,317,00016,011,000 Sponsored Programs include research grants, state work study funds, local grants, distinguished professorships.

52 FY Non Ledger 1 Funds Summary Revenues / Additions Expenditures / Deductions Dedicated Local Funds (Ledger 2)$16,872,613$17,840,245 Service Funds (includes recharges)4,824,3184,788,033 ASEWU2,496,0062,568,430 Intercollegiate Athletics4,299,988 Bookstore6,887,1446,800,078 Pence Union Building913,218908,494 Parking620,000632,967 Housing & Dining13,278,47013,342,299 Scholarships & Fellowships19,942,000 Sponsored Programs & Contracts16,011,000 Total$ 86,144,757$ 87,133,534

53 Operating Budget Expenditure Summary Educational and General State and Tuition$83,573,040 Dedicated Local Funds, Service funds17,927,852 Total Educational and General$101,500,892 Auxiliary Enterprises (including transfers)28,552,256 Scholarships and Fellowships19,942,000 Sponsored Programs16,011,000 FY07 Annual Operating Budget$166,006,148

54 Recommended Action It is recommended that the Board of Trustees approve the operating budget of $166,006,148 for fiscal year 2007, which begins July 1, 2006 and ends June 30, 2007.

55 Capital Budget

56 Additional funds of $200,000 were provided in the 2006 legislative session for pre-design of Patterson Hall. Patterson Hall

57 Additional funds of $200,000 were provided in the 2006 legislative session for pre-design of Martin/Williamson Halls. Martin/Williamson Halls

58 $23,300,000 for EWU Recreation Center Recreation Center

59 Housing & Dining Internet Upgrades$100,000 Dormitory Furnishings$150,000 Restroom Upgrades$150,000 Misc. Emergent Needs$200,000 Total$600,000 Local Fund FY07 Capital Projects

60 Capital Budget Expenditure Summary Gardner-Evans Construction (357) Patterson & Martin/Williamson predesign$400,000 EWU Recreation Center23,300,000 FY07 Local Capital Projects600,000 FY07 Supplemental Capital Budget$24,300,000

61 Recommended Action It is recommended that the Board of Trustees approve the supplemental capital budget of $24,300,000 (which includes construction of the EWU Recreation Center) for the second year of the biennium, which begins July 1, 2005 and ends June 30, 2007.

62


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