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Operating & Capital Budgets Fiscal Year 2006 June 24, 2005

Eastern Washington University. Operating & Capital Budgets Fiscal Year 2006 June 24, 2005. Outline. Legislative Session Summary Enrollment Tuition FY06 Operating Budget 2005-07 Capital Budget. 2005-07 Legislative Budget Summary.

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Operating & Capital Budgets Fiscal Year 2006 June 24, 2005

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  1. Eastern Washington University Operating & Capital Budgets Fiscal Year 2006 June 24, 2005

  2. Outline • Legislative Session Summary • Enrollment • Tuition • FY06 Operating Budget • 2005-07 Capital Budget

  3. 2005-07 Legislative Budget Summary * FY07 Funding level remains flat -- no additional funding for FY07

  4. FY06 Enrollment • 8,850 FTES Projected for FY06 • No change over FY05 Budgeted Level • No Constraint On Enrollments • 8,593 FY06 State Funded FTES • 324 FTES increase over FY05 State funded level • Enrollment levels exceed state funding by 257 FTES

  5. FY06 Tuition • 6% Tuition Increase for Resident Undergraduates & Resident Graduates • 25% Tuition Recapture by State • 0% Tuition Increase for Non-residents • 6% S&A Fee Increase for All Students

  6. i FY06 Tuition Components(Per Quarter) Mandatory fees are assessed separately

  7. i FY06 Student Impact Annual Tuition Rates $222 $339 $18 $15 S&A Fee Included – Other Mandatory fees assessed separately.

  8. i FY06 Mandatory Fees No Change $3.15 $0.48 $3.63 All categories of students pay the same level of mandatory fees. Mandatory Fees increased by the Fiscal Growth Factor only.

  9. i FY06 Additional Annual Impact on Students *The State Need Grant award amounts were increased by the State to match an assumed 6 percent tuition increase and the eligibility range was increased from 55 percent of median family income (MFI) to 65 percent of MFI. Students who are not eligible for State Need Grant will receive varying amounts of additional grant and loan assistance to pay for the increase, or will pay out of pocket. Resident Undergraduate

  10. OperatingBudget - FY06

  11. General Fund State & Tuition Combined Funding Per Actual FTES

  12. Operating Budget Funding Sources Percent

  13. FY06 Operating Fee Assumptions Policy Assumptions Enrollment Assumptions Waiver Assumptions Financial Aid Assumptions

  14. FY06 Operating Fee Revenue

  15. FY06 Reductions to GFS

  16. FY06 New State Enrollment Funding Distribution

  17. FY06 New State Enrollment Funding Distribution

  18. FY06 Proposed Salary Increases • Non-Represented Employee Increase • 3.2% COLA effective September 1, 2005 • Classified Employee Increase • 3.2% COLA effective July 1, 2005

  19. i FY06 State and Tuition (FY06 Ledger 1 Accounts) This budget represents a 7.8% increase over FY05

  20. FY06 Non-Ledger 1 Funds

  21. i FY06 OperatingBudget Summary This budget represents an 8% increase over FY05

  22. Recommended Action FY06 Tuition & Fee Rates It is recommended that the Board of Trustees approve a 6% tuition rate increase for resident students and a 6% service and activity fee increase for all fee paying categories for fiscal year 2006, which begins July 1, 2005 and ends June 30, 2006.

  23. Recommended Action FY06 Operating Budget It is recommended that the Board of Trustees approve the operating budget of $154,978,677 for fiscal year 2006, which begins July 1, 2005 and ends June 30, 2006.

  24. Capital Budget 2005-07

  25. Restoration Phase I2005-07 Hargreaves Hall Design Cheney Hall Renovation $ 1,414,000 $ 2,002,000

  26. 2005-07 Minor Works / Preservation Facility Preservation $ 8,000,000 • ADA building upgrades • HVAC renovation/upgrades • Roof replacements • Interior & exterior bldg restorations • Landscaping & sidewalks Infrastructure Preservation $ 4,000,000 • Steam line replacement • Water dist. system upgrades • Elect & lighting improvements • General upgrades Health, Safety, Code Compliance $ 5,700,000 • Fire alarm systems for 5 bldgs. • Fire panels, generators, hydrants • Elevator safety upgrades • General safety issues

  27. 2005-07 Minor Works / Program $ 15,600,000 STATE FUNDS - $6,600,000 Enhance Classroom Classroom Renewal WWF New Track Surface Network Upgrades Emergent Needs General Bldg Upgrades/ADA LOCAL FUNDS - $9,000,000 FRS Upgrade Playfield Expansion Improve Res. Walkway Art Walk Development Campus Signage Red Barn Interior Renov. General Prog. Upgrades

  28. 2005-07 Preventative Maintenance & Building Systems Repairs Repairs to: • Heating, Ventilation • Plumbing & Electrical • Elevators • External & Internal Building Surfaces $ 2,217,000

  29. 2005-07 Capital Budget Reappropriations

  30. FY06 Local FundCapital Projects

  31. Total Capital 05-07 Biennial Budget Summary

  32. Recommended Action 2005-07 Capital Budget It is recommended that the Board of Trustees approve the capital budget of $58,207,240 for the 2005-07 biennium, which begins July 1, 2005 and ends June 30, 2007.

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