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Budget Update

The CSU budget has been updated to include a $63.7 million increase for student enrollment, $23.3 million for additional financial aid awards, $88.1 million for employee pay increases, $26 million for capital renewal programs, and fee increases for undergraduate, teacher credential, and graduate students. Funding has also been allocated for graduate nursing programs, teacher preparation programs, mandatory cost increases, and long-term needs. The HSU budget includes an increase in enrollment and funding for campus-wide approved requests.

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Budget Update

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Presentation Transcript

  1. Budget Update

  2. CSU Budget

  3. CSU Budget • $63.7 Million increase to fund 10,000 Student system-wide • $23.3 million increase for 2,700 additional students financial aid awards • $88.1 million increase toward employee pay increases, as bargained for by unions • $26 million in general obligation bonds for capital renewal programs • 8% fee increase for undergraduate students to $2,520; 8% for teacher credential students to $2,922; 10% increase for graduate students to $3,102

  4. CSU Budget • $560,000 to expend graduate nursing programs and $250,000 to increase the number of teacher preparation programs to produce additional K-12 science and math teachers • $41.8 million toward mandatory cost increases for health/dental insurance • $7.9 million for long-term needs for libraries, deferred maintenance and technology initiatives

  5. HSU Budget

  6. HSU Budget • Authorized and State funded enrollment level is 7,389 Full-time Equivalent Student (FTES), an increase of 180 students over 2004-05. • FY05-06 budget built on the assumption of enrolling 7,268 FTES (including Summer Session) • Summer actual enrollments reported at 240 FTES • Need approximately 7,171 FTES for Fall and 6,884 FTES for Spring to meet HSU’s internal budget estimate for an annual average of 7,268 FTES • Fall estimate predicts enrollments of 6,950 FTES; HSU’s annual average will probably be about 7,100 FTES. (To meet our 7,268 FTES internal target, we would have to enroll 7,106 FTES Spring 2006) [156 FTES more than Fall]

  7. Where Does Our Money Come From? Compared to last year’s budget of $83,914,258, this means we will have $5,818,594 more dollars this year.

  8. What Did We Fund?Mandatory Cost Increases Subtracting the mandatory costs from projected new income leaves us with a balance of $133,530.

  9. What Did We Fund?Campus-Wide Approved Requests for Funding

  10. What Did We Fund?Campus-Wide Approved Requests for Funding

  11. What Did We Fund?Campus-Wide Approved Requests for Funding

  12. What Did We Fund?Campus-Wide Approved Requests for Funding

  13. What Did We Fund?Campus-Wide Approved Requests for Funding

  14. What Did We Fund?Campus-Wide Approved Requests for Funding

  15. How Do We Fund The Cost Increases?Campus-Wide ReallocationTo FY2004-05 Base Budget

  16. How Do We Use Our Money? Recap

  17. Divisional Base Budgets

  18. Questions?

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