2008-09 Budget Crisis Maximizing Our Resources Through Fiscal Responsibility California State University, Fresno.

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Presentation transcript:

Budget Crisis Maximizing Our Resources Through Fiscal Responsibility California State University, Fresno

Budget Process The Level “A” policy provides an allocation to each division based upon a fixed percentage as established by President Welty on April 18, Division % Academic Affairs69.89% Student Affairs7.95% Administration4.57% Plant Operations7.03% Advancement1.71% Athletics1.86% Technology6.01% Executive0.98% Total Level A Allocation % Level “B” is the allocation made from the Provost/Vice Presidents to the Deans/Directors/ Department Heads.

Original Budget (After Base Budget Reduction of $4.6 Million) Total Expenses - $231.2 Million Total Revenue - $231.2 Million

Budget Reduction #2 (Systemwide $31.3 Million – Campus Share $1.7 Million)

Revised Budget – Reduction #2 $1.7 Million (One-Time) The second State reduction to the CSU system of $31.3 million results in a reduction to our campus of $1.7 million.

Budget Reduction #3 (Systemwide -$66.3 Million – Campus Share $3.6 Million)

Revised Budget – Reduction #3 $3.6 Million (One-Time) The third State reduction to the CSU system of $66.3 million results in a reduction to our campus of $3.6 million.

Differences Between the Budget and Cash Flow Situations. When the Legislature balances the General Fund budget each year, it must enact measures to ensure that General Fund revenues and expenditures match over the course of the entire year. The cash flow plan, by contrast, focuses on the state meeting its payment obligations in each individual month of the fiscal year. (Bank Deposits) Budget Analysis Series California’s Cash Flow Crisis by Mac Taylor Legislative Analyst January 14, 2009

Will the State “Run Out of Cash?” Technically, the state can never run out of cash because tax and other payments flow into state coffers every day. What may happen in the next few weeks is that available cash may no longer be sufficient to make all state payments that have been budgeted by the Legislature on a timely basis. The State reached this point in early February.

Revised Budget Cash Basis – No Cash $47.5 Million State cash resources are exhausted in early February – leaving an estimated State appropriation shortfall to our campus of $47.5 million.

Revised Cash Basis Budget Total Shortfall - $52.8 Million Total Revenue - $178.4 Million (Bank Deposits) Total Expenses - $231.2 Million With “Salaries & Benefits” remaining whole, only $11.8 million remains to cover “All Other Operating Expenses” of $64.6 million.

Budget Shortfall Projections (Budget Uses)

Budget Shortfall Projections (Calculation of Budget Shortfall)

Allocation of Budget Shortfall (At Level A Percentages) DivisionLevel A %Amount Academic Affairs69.89%$ (2,207,684) Student Affairs7.95%(251,125) Administration4.57%(144,357) Plant Operations7.03%(222,064) Advancement1.71%(54,015) Athletics1.86%(58,754) Technology6.01%(189,844) Executive0.98%(30,956) Total Level A Shortfall Allocation100.00%$ (3,158,799)

Proposed Budget (After Allocated Budget Reduction of $3.2 Million) Total Expenses - $230.4 Million Total Revenue - $230.4 Million