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November 18 - 19, 2008 Board of Trustees PowerPoint Presentation
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November 18 - 19, 2008 Board of Trustees

November 18 - 19, 2008 Board of Trustees

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November 18 - 19, 2008 Board of Trustees

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  1. California State Budget 2009-2010 CSU Support Budget RequestRobert Turnage, Assistant Vice Chancellor, Budget November 18 - 19, 2008Board of Trustees

  2. 2009-10 CSU BUDGET State Fiscal Condition

  3. Department of Finance Bulletin – October 2008 • Six consecutive months of job loss in CA • CA. Unemployment Rate 7.7 Percent • National Unemployment Rate 6.1 Percent • Single Family Home Price below 2007 -40.5 Percent • Sept. General Fund Revenue -$923 Million

  4. LAO Special Session Report

  5. 2009-10 CSU BUDGET Compact Revenue Assumptions

  6. 2009-10 CSU Budget (Compact) Revenue Assumptions • General Operations (4% increase) $116.5 Million • Enrollment Growth (2.5% increase) $ 69.9 Million (8,572 FTES; 11,100 students) • Academic Infrastructure (1% increase) $ 29.1 Million • Operating Revenue Augmentation $ 87.0 Million Compact (State General Fund) $302.5 Million • Enrollment Growth Revenue $ 38.7 Million Total Compact Funding $341.2 Million

  7. 2009-10 CSU BUDGET Budget Recommendations

  8. CSU Budget Augmentation Request • Compact $341,214,000 • Core 2008-09 Compact Recovery $116,720,000 • Additional Budget Challenges $153,466,000 Total $611,400,000

  9. 2009-10 CSU Budget (Compact) Expenditure Assumptions • Mandatory Costs $ 33.5 Million • Enrollment Growth (2.5%) $ 83.5 Million • Compensation $173.3 Million • Financial Aid $ 6.8 Million • Long Term Need $ 44.0 Million • Center for California Studies $ .1 Million Total Compact Funding $341.2 Million

  10. Mandatory Costs • Health Benefits $ 8.5 Million • Dental Benefits $ 2.7 Million • New Space $10.1 Million • Energy $12.2 Million Total $33.5 Million

  11. CSU Compensation • Compensation, 3% of current base $94.5 Million • Salary Gap Funding $78.8 Million Total $173.3 Million

  12. Financial Aid • 2008-09 Total SUG $ 313.7 Million (120,889 Grant Recipients) • 2009-10 CSU Budget Increase $6.8 Million (2,620 Grant Recipients) • 2009-10 Total SUG $320.5 Million (123,509 Grant Recipients) Total $6.8 Million Increase

  13. Long Term Need • Library Acquisitions $3.0 Million • Deferred Maintenance $6.0 Million • Academic Technology $35.0 Million Total $44.0 Million

  14. Other Needs • Core 2008/09 Compact Recovery $116.7 Million • Clinical Nursing (MSN & BSN) $5.0 Million • Algebra Readiness $3.0 Million • Special Education Teacher Preparation $1.2 Million • Additional 1% Compensation Increase $31.5 Million • Student Services Initiative $24.6 Million • Increase Ratio of Tenured Faculty $42.0 Million • Applied Research and Services $16.0 Million • Address Off-Campus Centers Fixed Costs $5.2 Million • Deferred Maintenance $25.0 Million Total $270.2 Million

  15. www.calstate.edu