1. Campus Wide Open Forum
Budget Update

2. Budget Topics FY16 Current Year budget update FY17 Budget Process
Revenue
Tuition Rates
Enrollment Projections
Millennium FAST Budget Software
Timeline
April: Formal approval of Tuition/Fee rates for FY17
May: Auxiliary Budgets
June: Budgeted Operations Budget

3. FY 2015-2016 Budget Update FY15 Final FY16 Budget FY16 Forecast
Comments
State Aid
17,065
20,393
Tuition, Fees, net of remissions
33,043
33,672
34,965
Improved Enrollment over forecast
Minimally offset by Increased remissions
Other
1,915
1,863
1,965
Total Revenue
52,023
55,927
57,322
Personnel Services (Labor)
42,953
45,447
46,185
Inc. due to Enrollment: faculty and GAs
Supplies and Services
8,054
8,472
8,738
Utilities/Oth cost increases
Total Expenditures
51,007
53,919
54,923
Net from Operations
1,016
2,008
2,399
Net Transfers In/(Out)
1,942
(652)
(427)
Fund Additions (Deductions) 56 -
Change in Fund Balance
3,013
1,357
1,973
Beginning Fund Balance
1,745
4,758
Ending Fund Balance
6,115
6,731
Ending Fund Balance as a % of Revenue
9.1%
10.9%
11.7%

4. FY 2016-2017 Budget Process Tuition and Mandatory Fees Proposed by:
Tuition Rates - Tuition Advisory Council (4 Students, 2 Faculty, 2 Administrators)
Student Incidental Fee – Student Fee Committee (all Student Lead)
Student Health Fee – Student Health and Wellness center
Student Recreation Center Fee – Student Fee Committee (all Student Lead)
President and Cabinet receive proposals, make formal proposal to Board
Special Fees – Academic and Division Directors
Revenue Development – Budget Department, in consultation with Stakeholders
Expenditure Development – Budget Application
Courtesy of OUS Chancellor’s Office – Millennium FAST

5. FY 2016-2017 Budget Timeline Tuition and fee rate recommendations
Initially presented to campus groups: Feb
Formally presented for Board approval: April
Enrollment projections combined with rates = Revenue
Formally presented for Board approval : May
Auxiliary Operations Budget Finalization
Budgeted & Designated Operations Budget Finalization
Formally presented for Board approval : June

6. FY 2016-2017 Proposed Budget So Far: Some known, others…targets
Tuition –
3% increase for all Undergraduates
Flat for all Graduates
Fees –
Incidental Fee: $13 increase for Student Referendum
Health Fee: 5+% for salary increases, new student success initiatives
Rec Center Fee: $40 increase to cover full year of debt svc + partial operations
Building Fee: No increase
Enrollment Projection –
0.2% Increase, per retrenchment plan projections
Labor –
Increases due to negotiated COLA, Step and YIR increases
Maintain growth due to FY16 Enrollment Growth and Student Success Initiatives
Supplies and Services –
Maintain flat from FY16

7. Questions?