Budget Update & General Budget Conditions BAC September 13, 2013 Todd Foreman Vice President for Finance and Administration

2014/15 Budget Request: Background

Examples of 13/14 Planned Incremental Tuition Uses UseValueFTE New Faculty Hires$18.4M218 Other Vacancies/Positions$8.5M158 Faculty Vacancies$8.3M117 Prior Year Contractual Costs$7.1MN/A Scholarships$4.0MN/A Program Support$4.0MN/A Student Services$2.0MN/A

Themes of 2014/15 Budget Request SectorItem State-operated / Statutory UUP, other contractual/inflationary costs Sufficient appropriation to disburse self-generated revenue Initiatives: Strategic Investment, other Community Colleges Fully recognize enrollment Base Operating Aid Capitalize on Job Linkage funding Hospitals State tax support future Cost avoidance items Capital Multi-year capital plan to address: Backlog and renewal needs Strategic investment in: Core educational mission Research and economic development goals

Performance Based Funding State Budget Gaps Uncertain State Tax Revenue Job Linkage Program NY-SUNY 2020 Proven Return on Investment

Budget State Support Core Operating Budget No funding for salary increases Estimated budget impact for Oneonta: $500k Tuition increase appropriation is included Capital Budget No new capital funding for Educational Facilities Capital Program, including Critical Maintenance funds Cash flow problems have delayed projects

Budget SUNY Outlook Tuition increase (year 3 of 5) Projected new tuition revenue $2,200k Offset by SUNY Tuition Credit ($476k) Offset by salary increases ($500k) Offset by scholarship increases (year 2 of 4) ($500k) Net new tuition revenue: $724k SUNY Hospitals still a big “?”

Strategic Performance Indicators – Financial Sustainability projected in red Financial Sustainability Indicators FY08/ 09 FY09/ 10 FY10/ 11 FY11/ 12 FY12/ 13 FY13/ 14 Campus Reserve as % of state support (beginning of fiscal year)41%44%43%73%59%58% Cash Balance Thresholdn/a 18% 17%15% Billed Cost of Attendance -- Annual Increase5% 3%5%3%4% Academic & Student Services v. Administrative spending (IPEDS) 56% : 44% 60% : 40% 59% : 41% 64% : 36% 62% : 38%

Campus Reserve TotalRecurringOne-Time% Actual $ 6.8 $ 2.0 $ 4.853% Desired $ 3.3 $ 1.3 $ 2.025% Difference $ 3.6 $ 0.7 $ 2.928% Opportunity

Estimated Billed Cost of Attendance Billed Cost of Attendance: Fall 2013 Per Semester Actual Fall 2013 $ Change v. Prior Yr % Change v. Prior Yr In-State Undergraduate Tuition$2,935.00$ % Dorm Room (baseline double)$3,137.00$ % Dining Plan (Unlimited)$1,970.00$ % Tuition, Room & Board Subtotal$8,042.00$ % annual cost$16,084$6294.1% Athletic Fee$191.50$ % Technology Fee$202.50$ % Health Fee$153.50$ % College Fee$12.50$0.00- Transcript Fee$5.00$ % Comprehensive Fee Subtotal$565.00$ % annual cost$1,130$333.0% Student Activity Fee$105.00$ % Alumni Fee$10.00$0.00- subtotal$115.00$ % SEMESTER GRAND TOTAL$8,722$ % Annual Cost$17,444$6724.0%