1. SSU BUDGET 101 Financial Briefing Sonoma State University
Presented by
Laurence Furukawa-Schlereth
CFO and Vice President for Administration and Finance, Sonoma State University
Sonoma State University
November 21, 2013

2. Composition of the SSU Budget 2012-2013
General Fund
$ 88,722,159
45.5%
Capital Budget
$ 39,614,521
20.3%
Grants and Contracts
$ 9,140,000
4.7%
Housing
$ 25,217,590
12.8%
Extended Education
$ 6,177,735
3.2%
Parking
$ 2,173,444
1.1%
Instructionally Related Activities
$ 3,464,794
1.8%
Health Center & CAPS
$ 2,870,266
1.5%
Auxiliary Corporations
Associated Students
$ 2,169,729
Student Union
$ 3,897,330
2.0%
Sonoma State Enterprises
$ 11,217,222
5.8%
Foundation General Fund
Foundation Asset Management: $43,988,698
$ ,000
0.1%
TOTAL
$194,851,790
100%

3. Composition of the SSU Budget 2012-2013
General Fund
$ 88,722,159
45.5%
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 $ ,376
Resources from Trustees
$51,085,673
Discretionary dollars from the California Lottery
$579,376
Funds generated from student and other fees
$34,602,137

4. Composition of the SSU Budget 2012-2013
Capital Budget
$ 39,614,521
20.3%
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 capital budget included these projects:
Student Center, Mechanical/Lighting Renewal, Design for Commons/Pavilion
GMC PHASE III (Rehearsal and Activities Rooms 1029 and 1028, GMC front lawn landscaping, Hospitality Center Wedding Lawn)
$1.3M
STUDENT CENTER (A&E, Add Services Nos. 6-14)
$104,750
GMC PHASE IV (Concert Hall Chairs, Theatrical Lighting and AV system)
$2.5M
ENERGY PROJECTS – STATE FUNDED (PE Main Pool VFD Drive, Well No. 3 Pump, Building Metering)
$400,000
CAPITAL RENEWAL
NONE IN 09/10
CLASSROOM RENOVATIONS
MINOR CAPITAL OUTLAY
Three sources of funds:
State Capital Outlay Bonds
Non-State Capital Outlay Bonds
Gift money
In CSU – 7% of construction charged for project management

5. Composition of the SSU Budget 2012-2013
Grants and Contracts
$ 9,140,000
4.7%
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).

6. Composition of the SSU Budget 2012-2013
Housing
$ 25,217,590
12.8%
Resources are restricted to the SSU Housing Program.
The campus is reimbursed for overhead costs.

7. Composition of the SSU Budget 2012-2013
Extended Education
$ 6,177,735
3.2%
The campus is reimbursed for overhead costs.
Net income over expense is used to further support the ongoing activities of Extended Education.
Hold LLI Endowment with market value of

8. Composition of the SSU Budget 2012-2013
Parking
$ 2,137,444
1.1%
Resources are restricted to the SSU Parking and Transportation program.
The campus is reimbursed for all overhead costs.
5,348 parking spaces
L,M,N,O & entrance to campus & new bridge
- Part of 2000 Master Plan revision and need for additional parking
Parking prices discussed by Fee Advisory Committee

9. Composition of the SSU Budget 2012-2013
Instructionally Related Activities
$ 3,464,794
1.8%
Resources are generated via a mandatory student fee for the Instructionally Related Activities (IRA) program.
Budget recommendations are developed by the Fee Advisory Committee.
Revenues from mandatory student fee
Supports activities related to but not essential to the curriculum

10. Composition of the SSU Budget 2012-2013
Health Center & CAPS
$ 2,870,266
1.5%
Both the Health Center and CAPS are funded by mandatory student fees.
The campus is reimbursed for overhead costs.
Revenues from mandatory student fee
Supports activities related to but not essential to the curriculum

11. Composition of the SSU Budget 2012-2013
Associated Students Inc.
$ 2,169,729
1.1%
The Associated Students budget is developed by its Board of Directors.
The campus is reimbursed for overhead costs.
Operates the Children’s School
Budget approved by AS
Audited

12. Composition of the SSU Budget 2012-2013
Student Union Corporation
$ 3,897,330
2.0%
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
Debt related to Rec Center SRB issuance and funded by mandatory student fee
Owns Children’s School building

13. Composition of the SSU Budget 2012-2013
Sonoma State Enterprises
$ 11,217,222
5.8%
SSE’s budget is developed by its Board of Directors.
The campus is fully reimbursed for all overhead costs.
Debt to SSUAF relates to portion of Salazar Hall (loan refinanced in 2006 at 7% for 20 years)

14. Composition of the SSU Budget 2012-2013
Foundation
$ ,000
0.1%
Foundation General Fund
$ ,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.
Approximately $32M of total net assets relates to GMC

15. Audit Activity SSU BUDGET 101 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. Composition of the SSU Budget 2012-2013
General Fund
$ 88,722,159
45.5%
Capital Budget
$ 39,614,521
20.3%
Grants and Contracts
$ 9,140,000
4.7%
Housing
$ 25,217,590
12.8%
Extended Education
$ 6,177,735
3.2%
Parking
$ 2,173,444
1.1%
Instructionally Related Activities
$ 3,464,794
1.8%
Health Center & CAPS
$ 2,870,266
1.5%
Auxiliary Corporations
Associated Students
$ 2,169,729
Student Union
$ 3,897,330
2.0%
Sonoma State Enterprises
$ 11,217,222
5.8%
Foundation General Fund
Foundation Asset Management: $43,988,698
$ ,000
0.1%
TOTAL
$194,851,790
100%