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HUMBOLDT STATE UNIVERSITY BUDGET & FACILITIES OVERVIEW FEBRUARY 11, 2014.

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Presentation on theme: "HUMBOLDT STATE UNIVERSITY BUDGET & FACILITIES OVERVIEW FEBRUARY 11, 2014."— Presentation transcript:

1 HUMBOLDT STATE UNIVERSITY BUDGET & FACILITIES OVERVIEW FEBRUARY 11, 2014

2 CURRENT ECONOMIC ENVIRONMENT FEDERAL Survived sequestration Uptick in housing market Slight economic improvement STATE - A new budget horizon? CA has the 9 th largest economy in the world with GDP of $2 trillion First time in 6 years State budget had a surplus Proposition 30 has provided steady state funding for education

3 GOVERNOR’S BUDGET PROPOSAL Governor promised four years steady funding 5%, 5%, 4%, 4% CSU General Fund increase of 5%: $142.2 million Assumes no tuition increases through Requires CSU to meet performance standards Proposes to fold debt service into the General Fund

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5 ENROLLMENT UPDATE Early indications are Spring will not make up for Fall shortfall Spring Enrollment Assumptions Budget: FTES drop off from Fall to Spring: -5.04% (3 year average) Actual: Spring will not be final until census (Feb. 17) EnrollmentFall 2013 Spring 2014 Update BudgetActualsDiff. Budget Actual as of 2/10 Diff. Resident FTES7,1817, ,8196, WUE FTES Non-Resident FTES Total FTES7,8457, ,4507, Headcount8,3638, ,7777,820+43

6 : REVENUE HIGHLIGHTS (JULY-DECEMBER) % of revenue collected: 72% (Down from 75% in ) Excluding state appropriation: 93% (Slightly down from : 94%) Fall tuition revenue low by ~$360,000 (Over $100k in refunds/waivers since Q1 update) Spring tuition projected shortfall: $50,000-$100,000 Shortfall due to decrease in WUE and Non-Resident students

7 MULTI-YEAR ACTUALS COMPARISON (JULY-DECEMBER)

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10 Salaries and Benefits = 82% of Original Budget (excluding financial aid) Salaries (49.5% of budget spent) Benefits (49.4% of budget spent)

11 MULTI-YEAR ACTUALS COMPARISON (JULY-DECEMBER) Financial Aid (51% of budget spent) Operating Expenses (41% of budget spent)

12 BUDGET PLANNING Budget Planning Summary - DRAFT Beginning Fund Balance7,628,6997,379,9038,226,521 Revenue Budget Estimate118,725,642122,790,642126,990,642 Base Expenditure Estimate*118,569,838121,643,464123,542,994 Base Budget Surplus/(Deficit)155,8041,147,1783,447,648 One-Time Initiatives*404,600300,560 Net Budget Surplus-248,796846,6183,147,088 Ending Fund Balance7,379,9038,226,52111,373,609 Funding 5% Fund Bal.*1,451,4112,144,3485,196,459 Funding 4% Fund Bal.*2,637,1093,360,7826,431,889 *Base expenditure budget and one-time initiatives only include enrollment growth funding. Additional budget allocations to be decided upon during URPC budget request evaluation process in February/March.

13  Introduced a Resource Request Process for  Aligns resource allocations with campus priorities  Provides transparency and accountability  Leads to continuous improvements  Used the PREP Planning Tool for collecting all URPC requests  Becomes a data repository for resource requests  Can align university/division/college/department planning  Requests include measurable outcomes and follow up reporting UNIVERSITY RESOURCES & PLANNING COMMITTEE

14 PROCESS Includes division augment requests, capital planning items, cross- divisional projects, major University initiatives brought forward by the President and the VPs. Reviewed and approved by the URPC to be included in the annual budget recommendation to the President. University Level Review and Approval Includes initiatives that involve one or more MBUs, pilot programs, division-wide initiatives, one- time augments to MBUs for specific items. Granted by the Provost or Division VP. Division Level Review and Approval Includes departmental staff, faculty and/or OE expansions or reallocations. Granted by Dean/MBU Director/AVP. MBU Level Review and Approval Budget requests made through the PREP Planning process. Includes requests that cannot be met with existing departmental budget. Department Level Resource Requests MBU: Major Budget Unit

15  20 proposals received  $3.9M in requests  $2.1M in base budget requests  $1.8M in one-time requests  Proposals reviewed in February  URPC is evaluating budget requests using agreed criteria  Supports HSU’s priorities  Benefits of the request  Opportunity costs  Implementation/Funding Considerations  URPC will determine funding available for and beyond URPC PROPOSALS

16 URPC INTERACTIVE SCENARIO PLANNING

17  Entire program is in the process of being re-designed  CSU seeking legislative approval to manage capital  Allows system to re-finance existing debt  Gives authority to issue new debt up to 24% of operating fund  Encouraged by this progress but:  Will likely take much longer to finalize than anticipated – don’t anticipate funding in  Will require rethinking how we prioritize projects  Priority focus will be on:  Seismic  Deferred maintenance  Infrastructure  Accessibility  When funded, HSU will likely receive between $7M-$10M CSU FACILITIES FUNDING

18  In Fall 2012, Facilities Working Group developed a process to collect, review and recommend campus-based projects.  Defined Campus-Based Projects  Repair, improve or change existing physical campus with minimum cost of $5K and maximum cost of $610K.  Does not apply to major capital projects  Does not apply to Chancellor’s Office grant funded projects  Does not apply to non-state or emergency repair/safety projects.  After initial ranking, projects were reviewed as a whole for long-term strategic planning FACILITIES WORKING GROUP

19  33 project proposals received  $3.7M in requests of which $872K provided by other sources  Projects grouped into 3 categories  Deferred Maintenance  Classrooms & Teaching Labs  Programmatic  Proposals Reviewed  Assumed $750K available for Projects  $250K- CO Refund on Bond Refinance  $500K- Facility Rental Trust CAMPUS-BASED PROJECT PROPOSALS

20 SPRING 2014 PROCESS AND NEXT STEPS  URPC evaluates budget requests and develops budget recommendation (February/March)  URPC provides final recommendation to President (March)  President reviews and approves budget (April)

21 COMMENTS QUESTIONS? THANK YOU!


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