1. Campus Budget Update 2012-2013 October 12, 2012

2. Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ 220.75$ 226.30 $ 231.95 Non-Resident $ 498.70 $ 511.20 $ 524.00 Graduate Resident $ 268.90 $ 275.65 $ 282.55 Non-Resident $ 572.65 $ 587.00 $ 601.70

3. Approved Budget Unallocated Recurring Carry Forward 2011-2012$ 175,673 Carry Forward 2010-2011 764,266 Carry Forward 2010 & Prior 64,498 7% Contingency Fund 1,872,327 Total$2,876,764

4. 2012-2013 Approved Budget Income State Appropriations Operating$ 0 Debt Service$( 286) x

5. 2012-2013 Approved Budget Income Student Tuition & Fees Enrollment Change$ 0 Rate Change Resident 993,921 Non-Resident 294,525 Technology Fee 43,190 Repair Rehabilitation Fee 22,000 Total Student Tuition & Fees$1,353,636 x

6. 2012-2013 Approved Budget Income Other Income Interest$( 300,000) CE Income 35,000 Admission Fee 120,000 International Fee 55,000 Total Other Income$( 90,000) Total New Income$1,263,350 x

7. 2012-2013 Approved Budget Allocations 2% Salary Pool$ 922,000 Benefits 202,000 Academic Promotions 60,720 Benefits 21,280 Benefit Cost Increases 908,313

8. 2012-2013 Approved Budget Allocations Positions Dean, EMS (Partial) $ 67,147 Dean, Management (Partial) 88,419 Department Head, Behavioral Sciences (Partial) 29,555

9. 2012-2013 Approved Budget Allocations Positions Asst. Coach Men’s Soccer 5,000 Asst. Coach Women’s Soccer 5,000

10. 2012-2013 Approved Budget Allocations Positions Asst. Director-ADA Compliance 50,000 Secretary, EEOC Office 29,453

11. 2012-2013 Approved Budget Allocations Positions Benefits related to new positions $ 96,739

12. 2012-2013 Approved Budget Allocations Supplies and Expense Athletic Expansion Men’s Soccer$ 12,750 Women’s Soccer 12,750 M&W Cross Country 9,000

13. 2012-2013 Approved Budget Allocations Supplies and Expense EEOC Office$ 642 Commencement 40,000

14. 2012-2013 Approved Budget Allocations Supplies and Expense Chancellor’s Scholarships$ 200,000 Fee Remissions (119,550) Utilities and Insurance 247,655 Schneider Ave. Lease 22,100 Administrative Overhead 146,552 Bank Service Charges 25,000 Debt Service ( 286)

15. 2012-2013 Approved Budget Allocations Supplies and Expense Admissions Support (Fee) $ 120,000 International Program Office (Fee) 55,000 Technology Reserve (Fee) 43,190 R&R Reserve (Fee) 22,000 Remaining unallocated budget$ 141,002

16. Financial Results 2011-2012 October 12, 2012

17. 2011-2012 Financial Results Revenues: State Appropriations$( 10,894) Tuition & Fees ( 542,665) F&A Recovery 249,671 Interest Income ( 161,828) Academic Outreach 356,805 Financial Aid Overhead 50,790 Application and Other Fees 43,194 Bookstore Commission ( 96,584) Total$( 111,511)

18. 2011-2012 Financial Results Expenditures Enrollment Reserve$ 637,578 Other ( 251,725) Employee Benefits 400,000 Utilities 862,949 Debt Service (State) 10,894 Bank Service Fees 95,376 Fee Remissions 130,878 Total$1,885,950 Net$1,774,439

19. 2011-2012 Financial Results Cash Carry Forwards Operations$ 1,774,439 Cash Contingency Reserve 3,300,000 F&A Reserve 445,000 Unspent Recurring Budget Reserve 1,120,731 Unspent Prior Year Cash Reserve 2,581,184 Total Cash Carry Forward$ 9,221,354

20. 2011-2012 Financial Results Utilization of Cash Carry Forwards Cash Contingency Reserve $ 3,300,000 F&A Cost Distribution694,671 On-Line Program Advance655,812 Yellow Ribbon/Veteran Dependent Scholarships 75,000 Commencement 17,625 Faculty Office Relocation149,505 Accreditation Expenses 77,644 Miscellaneous 15,200

21. 2011-2012 Financial Results Utilization of Cash Carry Forwards Campus Development Reserve $ 200,000 Chancellor’s Contingency Res 150,000 Chancellor’s Scholars 1,000,000 Academic Management 67,748 ADA Support138,712 Governmental Relations110,700 Dowling Park Planning 42,700 Total Allocation $ 6,695,317 Remaining $ 2,526,037

22. 2011-2012 Financial Results Carry Forward Funds Central$ 9,221,354 Chancellor 137,881 Academic Affairs 6,980,704 Administrative Services 1,455,662 Advancement 561,264 Information Services 2,437,432 Student Affairs 435,483 Special Projects 4,012,973 Total$25,242,753

23. Financial Status 2012-2013 October 12, 2012

24. 2012-2013 Financial Status Carry Forward Reserves Contingency Fund $ 3,300,000 Cash Carry Forward 2,500,000 Budget Reserve Enrollment Reserve$ 637,538

25. 2012-2013 Financial Status Tuition Revenue Summer-6.28% ($ 254,371) Fall-5.62% ($1,419,719) Total To Date: ($1,674,090) Spring (Estimate) ($1,300,000) Estimated Annual Total ($2,974,090)

26. 2012-2013 Financial Status Other Revenue Sources? Other Expenditure Budgets? Nothing noted but too early to tell

27. Potential Budget 2013-2014 October 12, 2012

28. 2013-2014 Potential Budget Unknowns Going Forward Revenues Tuition Revenue Summer/Fall 2012 Actual/ Spring Estimated ($ 2,974,000) Rate Increase ?

29. 2013-2014 Potential Budget Unknowns Going Forward Revenues State Appropriations Incentive Formulas($ 21,000) Increased State Revenues ?? Other Interest Income($ 300,000)

30. 2013-2014 Potential Budget Unknowns Going Forward Expenditures “Unavoidables” $ 1,100,000 Health Insurance Other Employee Benefits PERF Retirement Utilities Salary Adjustments?

31. 2013-2014 Potential Budget Unknowns Going Forward Expenditures Strategic Initiatives

32. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentive Funding Budget Reduction Reallocation General Increases Based on Increases in State Revenues ?

33. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Budget Reduction 2013-20146% 2014-20157% Both from the same base, not cumulative.

34. 2013-2015 State Budget Request Operating Funds Incentives (Indiana Students Only) Overall Degree Completion 30% At-Risk Degree Completion 15% High Impact Degree Completion 10% Student Persistence 15% On-Time Graduation Rate 25% Institution Defined Metric 5%

35. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives – Dropped From Prior Cycle Successful Completion Credit Hour Dual Credit Successful Completion Research Incentive Funding

36. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives (Indiana Students Only) Overall Degree Completion 2013-2014 Bachelor$ 7,795 x 66 Master$ 3,898 x 4$ 527,462 2014-2015 Bachelor$ 9,094 x 66 Master$ 4,547 x 4 $ 615,372

37. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives (Indiana Students Only) At-Risk Degree Completion (Pell Grant Recipient at Time of Graduation) 2013-2014 Bachelor$ 5,503 x 84$ 462,275 2014-2015 Bachelor$ 6,420 x 84 $ 539,320

38. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives (Indiana Students Only) Student Persistence 2013-2014 30 th Credit Hr $ 765 x 67 60 th Credit Hr $ 1,530 x 84 $ 179,755 2014-2015 30 th Credit Hr $ 893 x 67 60 th Credit Hr $ 1,785 x 84 $ 209,738

39. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives (Indiana Students Only) On-Time Graduation Rate (4 years) 2013-2014 Bachelor $ 22,921 x 16 $ 359,099 2014-2015 Bachelor $ 26,741 x 16 $ 418,949

40. 2013-2015 State Budget Request Operating Funds-ICHE Recommendations Incentives (Indiana Students Only) Institution Defined Metric (Degree Attainment per Undergraduate FTE) 2013-2014$ 60,401 2014-2015$ 70,468

41. 2013-2015 State Budget Request Operating Funds-Process ICHE Recommendations Legislative Considerations Revenue Estimate(s) Budget Bill Passed Governor’s Signature Revenue Actual

42. 2013-2015 State Budget Request Capital Funds -Emerging Technology Building $ 37.4 Million -Student Wellness and Recreation Center $ 15.7 Million (student fees) -Repair and Rehabilitation $ 1.3 Million (per year) x

43. Questions?