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Budget Update

Budget Update. CSU Budget. 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

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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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