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Board of Trustees

Board of Trustees. May 21, 2012 Operating Budget Fiscal Year 2013. Discussion. Background State funding of Higher Education and impact on CSM Revenue/Expense History Fiscal Year 2013 Budget Current Unrestricted Fund Designated, Restricted and Endowment Funds CSM Foundation Budget.

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Board of Trustees

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  1. Board of Trustees May 21, 2012 Operating Budget Fiscal Year 2013

  2. Discussion • Background • State funding of Higher Education and impact on CSM • Revenue/Expense History • Fiscal Year 2013 Budget • Current Unrestricted Fund • Designated, Restricted and Endowment Funds • CSM Foundation Budget

  3. Higher Education Funding

  4. CSM State Funding

  5. Revenue History

  6. Expense History – By Function

  7. Expenses by Type

  8. Fiscal Year 2013 Budget • Current Unrestricted Fund • Designated, Restricted and Endowment Funds • CSM Foundation Budget

  9. Fiscal Year 2013 Proposed Budget

  10. Current Unrestricted Incremental Budget Summary

  11. Current Unrestricted Revenue • Total Revenue projected increase of $12.1 million

  12. Current Unrestricted Expense by Functional Area • Total Expense projected to increase $14.5 million

  13. Current Unrestricted Fiscal Year 2013Expense by Type

  14. New Academic Faculty Positions • 11 new positions after retirements - $1.1 million (projection): • Chemical and Biological Engineering - 1 FTE • Civil and Environmental Engineering – 1 FTE • Electrical Engineering and Computer Science – 1 FTE • Mining Engineering – 1 FTE • Applied Mathematics & Statistics – 1 FTE • Petroleum Engineering – 2 FTE • Physics – 1 FTE • 3 FTE (TTT) other strategic and opportunity hires

  15. Academic Faculty FTE

  16. New Expense Requests • 18.5 new non-academic faculty positions totaling $2,000,000 (salary and fringe): • Academic ($1,200,000) – 7 positions • Student Support ($500,000)– 8 positions • Research Support ($200,000) – 1.5 positions • Continuing Education ($100,000) – 1.5 positions • New Building ($300,000) – 7.5 positions Maintenance

  17. Salary & Benefit Actions • Salary Actions: • FY 2010 – No classified or across the board faculty salary increases • $500,000 equity pool set aside; $225,000 utilized • FY 2011 - No classified or across the board faculty salary increases • $700,000 equity pool set aside; $600,000 utilized (1.6% of Faculty Salary) • FY 2012 - No classified or across the board faculty salary increases • $1,300,000 equity pool set aside (3% of Faculty Salary) • FY 2013 - No classified or across the board faculty salary increases • $1,700,000 equity pool set aside (3% of Faculty Salary with benefits) • Benefit Increases: • FY2012 • Faculty 1.5% • Classified 5.4% • 2.5% contribution of PERA reverts back from employee to employer ($1,400,000)

  18. Undergraduate Financial Aid

  19. Graduate Student Support

  20. Budget Proposal – Other Funds *Includes new expenses of $130,000 for 1.83 FTE and operating for new building. See Appendix A for details.

  21. CSM Foundation Budget *Still under review – changes possible

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