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Budget Report

Budget Report. April 16, 2014. Governor’s 2014-15 Budget, CPP. Gov. budget adds $142 m. to overall CSU budget. Cal Poly Budget 2014-15 (proposed) : General Fund: $107,005,142 (+ $3,488,300 over 2013-14) Tuition Fees: $ 112,550,000 (+ $2,951,000 over 13-14).

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Budget Report

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  1. Budget Report April 16, 2014

  2. Governor’s 2014-15 Budget, CPP • Gov. budget adds $142 m. to overall CSU budget. Cal Poly Budget 2014-15 (proposed): • General Fund: $107,005,142 (+ $3,488,300 over 2013-14) • Tuition Fees: $ 112,550,000 (+ $2,951,000 over 13-14). • Non-Resident Fees $ 6,067,000 • Other Fees $ 7,494,000 • Total CPP Budget: $ 233,116,142 (+ $6,439,300 over 13-14).

  3. Additional Notes: Governor’s GF budget for CPP includes: • $72,800 for faculty equity salary adjustment. This is ⅓ of the total. Remainder will come out of campus GF budget. • $404,000 to reduce bottleneck courses. • Does NOT include $1.9M for 2013-14 compensation. To be included in next iteration of Budget Allocation Memo. • CO holds $88.9M for “compensation, student success, and completion, financing maintenance and infrastructure.”

  4. Cautionary Note: • Funding formula for employer paid retirement changes after 2013-14. State funding of CSU GF employer-paid retirement will still be adjusted based on CalPERS rates, but: “... the salary base used for the rate will be fixed based on the actual 2013/14 pensionable payroll.”

  5. Next Steps • Mid-May: May Revise • Early June: State Budget Finalized. • End of June: CO Budget Memo to Campuses.

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