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Efficient Budget Management in PASSHE: Financial Overview & Strategies

Explore PASSHE's financial history, budget reduction efforts, and future projections. Learn about cost containment initiatives, workforce management strategies, tuition trends, and retirement cost projections. Discover how PASSHE balances its budget and ensures financial sustainability through efficient operations.

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Efficient Budget Management in PASSHE: Financial Overview & Strategies

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  1. PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013

  2. E&G Budget Dollars in millions

  3. 18% reduction ($90M) 1988/89

  4. PASSHE Funding and Enrollment History

  5. History of Tuition and Average Fees 2000/01 – 2012/13 National Average:$17,860 National Increase: 112% PASSHE Increase: 89% PSU Average: $26,134 PSU Increase: 95%* 22% less than 2010

  6. Tuition and Average Fees 2012/13 by University 22% less than 2010

  7. Revised Budget Projections Dollars in Millions Note: Numbers may not add due to rounding.

  8. E&G Budget Request vs. Funding Dollars in Millions

  9. Cost Containment Results Efforts made in recent years to become more efficient and reduce costs include: • Workforce management--400 fewer funded positions • Streamlining course offerings and academic programs • Consolidated operations--such as electronic library services, distance education and construction services • Better utilization of technology to improve operations and student services • Multi-year collaborative procurements • Energy utilization reductions Over the last 10 years, base budget reductions of $285 million have reduced PASSHE’s budget by 16%.

  10. Projected Retirement Costs SERS Rates as % of Salary 2012/13 10.5% 2013/14 15.1% 2017/18 31.1% 36% 45%

  11. Estimated E&G Pay through Life of ContractsDollars in Millions

  12. Balancing the 2013/14 Budget FY2012/13 resident full-time undergraduate tuition rate is $6,428 per academic year.

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