Transcript Document

2009-2010 Budget Summary
Town Hall Report
September 22 & 23, 2009
Summary
Budget Summary
• State reduced our operating budget by 4.2%
• Provided one-time monies of equal amount
• Tuition revenues increased due to rate increase of
5% and projected budget enrollment increase of 2%
• Allocation of recurring money to recurring needs
Budget Summary
2009-2010 State Budget
Recurring
Reduction
Incentives (40%)
Net Reductions
($ 1,393,681) 4.94%
209,263
.74%
($ 1,184,418)
4.20%
Overall Higher Education net reduction was 3.81%.
Overall Four-year net reduction was 4.54%
Non-Recurring
ARRA Funding
$ 1,184,418
Budget Summary
2009-2010 State Budget
No capital projects for PUC
R&R Funding
Recurring
($ 137,254) 24.86%
Non-Recurring (ARRA)
$ 276,043 50.00%
Net
$ 138,789 25.14%
Budget Summary
2010-2011 State Budget
Recurring
Reduction (from 2009-10)
($ 414,527) 1.53%
Incentives (40%)
137,042
Net Reductions
.51%
($ 277,485) 1.03%
Overall Higher Education net reduction was 0.27%.
Overall Four-year net reduction was 1.38%
Non-Recurring
ARRA Funding
$
277,485 ($ 1,461,903 total)
Budget Summary
2010-2011 State Budget
No capital projects for PUC
R&R Funding
No change from 2009-2010
Retains $ 276,047 in ARRA non-recurring funding
Budget Summary
2009-2010 University Budget Recurring Operating
Revenue
State Appropriations Operating
($ 1,184,418)
State Appropriations Debt Service
($
Tuition and Fees
$ 3,492,720
Other
$
Reallocations
$ 1,245,800
Total
$ 3,616,656
122,797)
185,351
Budget Summary
2009-2010 University Budget Recurring Operating
Revenue
Tuition Breakdown: 5% Resident Increase/6% Non-Resident
Enrollment Change
$ 1,074,239
Budget is based on a 2.04% credit hour increase from prior
budget, but budget number is 1.11% below 2008-2009 actual.
Rate Increase
$ 2,204,000
Technology Fee
$
107,481
R&R Fee
$
107,000
Budget Summary
2009-2010 University Budget Recurring Operating
Tuition and Fees:
Per Hour Fees
Resident
Non-Resident
New Student-Undergraduate
$ 192.70
$ 452.95
New Student-Graduate
$ 243.70
$ 527.85
Students continuously enrolled since fall 2006 $ 3.10 less
Technology Fee
$ 7.65
Student Service Fee (level with assessment change)
$ 5.15
Parking Fee (level with assessment change)
$ 4.75
Lab Fee (for applicable courses)
$ 56.30
Budget Summary
Student Financial Aid
•Budgeted Scholarships and Grants
•Fee Remissions
•Loans
•Employment Related
•Total
$ 19,410.000
242,000
37,495,000
5,553,000
$ 62,700,000
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations: Salaries, Wages and Benefits
Salary Pool
$
0
Faculty Promotions
60,000
Employee Benefits
360,802
Student Minimum Wage
40,000
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations: Instructional Support
Continuing Lecturers
Academic Advising Support
Library Electronic Resources (offset)
$ 250,000
80,000
100,000
Instructional Lab Support
From Lab Fee Increase
108,200
Additional Allocation
100,000
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations: Positions
Counselor, Counseling Center
$ 50,000
Registered Nurse, Student Health Center
40,000
Campus Police Officer
46,074
Information Access Specialist
55,000
Benefits and S&E
80,426
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations:
Strategic Reserve
$ 1,000,000
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations: Other
Repair &Rehabilitation
Student Fees
Additional Allocation
107,000
260,104
Athletic Expansion (year 1)
76,975
Utilities and Insurance
223,500
Fee Remissions
374,000
Budget Summary
2009-2010 University Budget Recurring Operating
Allocations: Other
Technology Reserve (Student Fees)
$ 107,481
Debt Service (Offset)
( 122,797)
Miscellaneous
219,891
Total Allocations
$ 3,616,656
One-Time Allocations
Allocation of Available Funds
Gyte Learning Commons, Phase 3
$ 700,000
Library Renovation
250,000
Faculty Computer Upgrades
450,000
Classroom Upgrades
300,000
One-Time Allocations
Allocation of Available Funds
Schneider Ave Bldg, Completion
Alumni Hall Ceiling and Foyer
Fitness Center Equipment
SLT Special Projects (TBD)
$1,535,000
200,000
40,000
400,000
Questions?