May 21, 2012 Operating Budget Fiscal Year 2013 Board of Trustees May 21, 2012 Operating Budget Fiscal Year 2013

Discussion Background Fiscal Year 2013 Budget State funding of Higher Education and impact on CSM Revenue/Expense History Fiscal Year 2013 Budget Current Unrestricted Fund Designated, Restricted and Endowment Funds CSM Foundation Budget

Higher Education Funding

CSM State Funding

Revenue History

Expense History – By Function

Expenses by Type

Fiscal Year 2013 Budget Current Unrestricted Fund Designated, Restricted and Endowment Funds CSM Foundation Budget

Fiscal Year 2013 Proposed Budget Focus on Current Unrestricted

Current Unrestricted Incremental Budget Summary

Current Unrestricted Revenue Total Revenue projected increase of $12.1 million

Current Unrestricted Expense by Functional Area Total Expense projected to increase $14.5 million

Current Unrestricted Fiscal Year 2013 Expense by Type

New Academic Faculty Positions 11 new positions after retirements - $1.1 million (projection): Chemical and Biological Engineering - 1 FTE Civil and Environmental Engineering – 1 FTE Electrical Engineering and Computer Science – 1 FTE Mining Engineering – 1 FTE Applied Mathematics & Statistics – 1 FTE Petroleum Engineering – 2 FTE Physics – 1 FTE 3 FTE (TTT) other strategic and opportunity hires

Academic Faculty FTE

New Expense Requests 18.5 new non-academic faculty positions totaling $2,000,000 (salary and fringe): Academic ($1,200,000) – 7 positions Student Support ($500,000)– 8 positions Research Support ($200,000) – 1.5 positions Continuing Education ($100,000) – 1.5 positions New Building ($300,000) – 7.5 positions Maintenance

Salary & Benefit Actions Salary Actions: FY 2010 – No classified or across the board faculty salary increases $500,000 equity pool set aside; $225,000 utilized FY 2011 - No classified or across the board faculty salary increases $700,000 equity pool set aside; $600,000 utilized (1.6% of Faculty Salary) FY 2012 - No classified or across the board faculty salary increases $1,300,000 equity pool set aside (3% of Faculty Salary) FY 2013 - No classified or across the board faculty salary increases $1,700,000 equity pool set aside (3% of Faculty Salary with benefits) Benefit Increases: FY2012 Faculty 1.5% Classified 5.4% 2.5% contribution of PERA reverts back from employee to employer ($1,400,000)

Undergraduate Financial Aid

Graduate Student Support

Budget Proposal – Other Funds *Includes new expenses of $130,000 for 1.83 FTE and operating for new building. See Appendix A for details.

CSM Foundation Budget *Still under review – changes possible