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Budget Update. CSU Budget $63.7 Million increase to fund 10,000 Student system-wide $23.3 million increase for 2,700 additional students financial aid.

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Presentation on theme: "Budget Update. CSU Budget $63.7 Million increase to fund 10,000 Student system-wide $23.3 million increase for 2,700 additional students financial aid."— Presentation transcript:

1 Budget Update

2 CSU Budget

3 $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

4 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

5 HSU Budget

6 Authorized and State funded enrollment level is 7,389 Full- time Equivalent Student (FTES), an increase of 180 students over 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]

7 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.

8 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.

9 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

10 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

11 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

12 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

13 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

14 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

15 How Do We Fund The Cost Increases? Campus-Wide Reallocation To FY 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)

16 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)

17 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

18 Questions?


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