1. Financial Briefing Sonoma State University November 21, 2013 Presented by Laurence Furukawa-Schlereth CFO and Vice President for Administration and Finance, Sonoma State University

2. General Fund$ 88,722,15945.5% Capital Budget$ 39,614,52120.3% Grants and Contracts$ 9,140,0004.7% Housing $ 25,217,59012.8% Extended Education$ 6,177,7353.2% Parking$ 2,173,4441.1% Instructionally Related Activities$ 3,464,7941.8% Health Center & CAPS$ 2,870,2661.5% Auxiliary Corporations Associated Students$ 2,169,7291.1% Student Union$ 3,897,3302.0% Sonoma State Enterprises$ 11,217,2225.8% Foundation General Fund Foundation Asset Management: $43,988,698 $ 187,0000.1% TOTAL$194,851,790100% Composition of the SSU Budget 2012-2013

3. General Fund$ 88,722,15945.5% The General Fund represents the largest source of revenue available to the campus and includes: –Resources from Tax Appropriation$ 44,186,283 –Funds generated from student and other fees$ 44,064,500 –Discretionary dollars from the California Lottery$ 471,376

4. Capital Budget$ 39,614,52120.3% Revenues are obtained through both the sale of tax exempt bonds by the State of California, private donations, and auxiliary corporations. Bond covenants restrict capital dollars to the specific construction project for which the bond was issued. The campus is reimbursed for overhead costs. The 2012-2013 capital budget included these projects: –Student Center, Mechanical/Lighting Renewal, Design for Commons/Pavilion Composition of the SSU Budget 2012-2013

5. SSU divides grants and contracts activity into three areas: –Grants related to the Anthropological Studies Center with an overall grants volume of $1,420,000. –Grants directly related to the research program of the campus faculty with an overall grants volume of $4,675,000. –Grants related to student outreach and public service with an overall grants volume of $3,045,000. Resources are restricted to the specific grant or contract. The campus is reimbursed for overhead costs via Indirect Cost Recovery (IDC). Grants and Contracts$ 9,140,0004.7%

6. Composition of the SSU Budget 2012-2013 Resources are restricted to the SSU Housing Program. The campus is reimbursed for overhead costs. Housing$ 25,217,59012.8%

7. Composition of the SSU Budget 2012-2013 The campus is reimbursed for overhead costs. Net income over expense is used to further support the ongoing activities of Extended Education. Extended Education$ 6,177,7353.2%

8. Composition of the SSU Budget 2012-2013 Resources are restricted to the SSU Parking and Transportation program. The campus is reimbursed for all overhead costs. Parking$ 2,137,4441.1%

9. Composition of the SSU Budget 2012-2013 Resources are generated via a mandatory student fee for the Instructionally Related Activities (IRA) program. Budget recommendations are developed by the Fee Advisory Committee. Instructionally Related Activities$ 3,464,7941.8%

10. Composition of the SSU Budget 2012-2013 Both the Health Center and CAPS are funded by mandatory student fees. The campus is reimbursed for overhead costs. Health Center & CAPS $ 2,870,2661.5%

11. Composition of the SSU Budget 2012-2013 The Associated Students budget is developed by its Board of Directors. The campus is reimbursed for overhead costs. Associated Students Inc.$ 2,169,7291.1%

12. Composition of the SSU Budget 2012-2013 The Student Union budget is developed by its Board of Directors. The campus is reimbursed for overhead costs. *The Student Union Program is a separate entity from the Student Union Corporation Student Union Corporation$ 3,897,3302.0%

13. Composition of the SSU Budget 2012-2013 SSE’s budget is developed by its Board of Directors. The campus is fully reimbursed for all overhead costs. Sonoma State Enterprises$ 11,217,2225.8%

14. Composition of the SSU Budget 2012-2013 Foundation $ 187,0000.1% Foundation General Fund$ 187,000 Foundation Total Assets$ 43,988,698 Resources are obtained from private gifts and earned interest. Budget recommendations are made in accordance with donor intent. Administration and Finance operates the Foundation without reimbursement in recognition of the contributions made by the Foundation to the SSU academic program.

15. Audit Activity SSU Academic Foundation Associated Students Sonoma State Enterprises Sonoma Student Union A-133 (Financial Aid, Grants & Contracts, Federal Funds) FISMA - every 2 years Auxiliary Audit – every 3 years

16. General Fund$ 88,722,15945.5% Capital Budget$ 39,614,52120.3% Grants and Contracts$ 9,140,0004.7% Housing $ 25,217,59012.8% Extended Education$ 6,177,7353.2% Parking$ 2,173,4441.1% Instructionally Related Activities$ 3,464,7941.8% Health Center & CAPS$ 2,870,2661.5% Auxiliary Corporations Associated Students$ 2,169,7291.1% Student Union$ 3,897,3302.0% Sonoma State Enterprises$ 11,217,2225.8% Foundation General Fund Foundation Asset Management: $43,988,698 $ 187,0000.1% TOTAL$194,851,790100% Composition of the SSU Budget 2012-2013