Associated Students of CSU, Chico

Transcription

1 Associated Students of CSU, Chico All Areas 2 Estimated Results Year Ending June 30, 2014 Activity Fee Fund 6 Approved Budget Results Year Ending June 30, 2015 Auxiliary Activities Fund 10 Student Union Fund 18 Corporate Services Fund 24 1

2 A S S O C I A T E D S T U D E N T S ALL AREAS APPROVED FOR THE YEAR ENDING JUNE 30,

3 OVERVIEW OF APPROVED BUDGETS BY FUND The overview of approved budgets by fund reflects the Associated Students entire budget in an income statement format. This statement provides a onepage view of the Associated Students financial budget as a whole. During the year, the Associated Student s total revenues and income are projected to be approximately $24,004,235. This includes $15,217,793 in business sales, $6,346,716 in student fees, and $2,439,726 in other income. Operating expenses for the year are projected to be approximately $24,276,326. Included in the operating expenses is $7,595,540 in cost of sales, $11,195,757 in personnel costs, and $5,485,029 in other operating expenses. The total decrease in net assets of the Associated Students for the year is projected to be approximately $(272,091). 3

4 Associated Students, CSU, Chico Overview of Approved Budgets by Fund For the Year Ending June 30, 2015 Total Activity Student Wildcat Corporate Auxiliary Auxiliary Activities A S Fee Union Fund Recreation Services Activities Wildcat Dining Budget Fund BMU Center Fund Fund Total Store Services Revenues and Income Sales Net of Discounts 15,217,793 15,217,793 7,005,016 8,212,777 Fees 6,346,716 2,038,632 1,836,384 2,471,700 Interest Income 25,000 9,000 10,000 6,000 6,000 Research Fnd - Financial Services 635, ,475 University Reimbursement 35,000 35,000 Research Foundation - Info Tech 130, ,332 Box Office Charge 0 0 Other Income 1,613, , , ,039 48, , , ,348 Total Revenues and Income 24,004,235 2,679,268 2,085,698 2,781, ,164 15,643,366 7,314,241 8,329,125 Operating Expenses Cost of Sales 7,595,540 7,595,540 4,713,236 2,882,304 Salaries and Wages 7,832, ,203 1,029,025 1,312,595 1,222,312 3,400, ,971 2,544,750 Officer Compensation 77,233 55,917 10,658 10,658 Employee Benefits 3,285, , , , ,478 1,197, , ,831 Professional Services 350,373 3, ,400 59, ,673 2,000 2,000 0 Audit 52,500 12,000 40,500 Corporate Services Reimbursement 0 232, , ,218 (1,577,783) 675, , ,562 Insurance 185,906 37,084 23,802 38,343 11,578 75,099 24,585 50,514 Financial Aid Set Aside 295, ,602 Operating Supplies 573,201 3,000 9, , ,601 26, ,281 Repairs, Maint, Recycling 399,641 9,949 42, ,000 33, ,990 82, ,498 Utilities 628,160 8, , ,200 13, ,272 29, ,110 Rent & Equipment 111,958 38,358 (458,041) 18,979 5, , , ,747 Contributions to University 427, , , ,964 AF Custodialship Reimburse 2,250 2,250 Professional Development & Dues 151,315 48,515 13,450 20,100 31,650 37,600 13,500 24,100 Employee Training & Staff Conference 23,150 10, ,700 Meals & Refreshment 19,400 19, Telephone & Communications 139,920 19,700 28,360 21,156 22,800 47,904 32,044 15,860 Postage & Freight 7, ,475 1,983 1,983 Office Supplies 37,575 6,000 7,665 5,500 18,410 Sustainability Programs 75,270 75,270 4

5 Associated Students, CSU, Chico Overview of Approved Budgets by Fund For the Year Ending June 30, 2015 Total Activity Student Wildcat Corporate Auxiliary Auxiliary Activities A S Fee Union Fund Recreation Services Activities Wildcat Dining Budget Fund BMU Center Fund Fund Total Store Services Printing and Copies 8,800 8,800 Depreciation 448,166 7, , ,271 30, ,173 70, ,799 Advertising & Publicity 72,837 2,750 8,300 17,725 44,062 22,000 22,062 Staff Recognition & Student Awards 7,500 1,000 1,000 4,500 1, Programming 727, , ,300 62,800 Software Maint & Equip Purchase 168,050 1,000 33,600 38,150 85,300 10,000 10,000 Other 571,129 31,250 4,802 14,250 40, , , ,405 Total Operating Expenses 24,276,326 2,679,088 2,272,823 3,033, ,164 15,476,650 7,285,363 8,191,287 Inc (Dec) in Unrestricted Net Assets (272,091) 180 (187,125) (251,862) 0 166,716 28, ,838 5

6 A S S O C I A T E D S T U D E N T S ACTIVITY FEE FUND APPROVED FOR THE YEAR ENDING JUNE 30,

7 NOTES TO THE ACTIVITY FEE FUND The following pages reflect the Activity Fee Fund Overview budget summary, actual experience for the year, original budget and estimated results for the year and approved budget for the year. These budgets are based upon a fee income of $1,883,514, $1,967,069, $2,018,083, and $2,038,632 respectively. The fee revenue for is based upon actual receipts. The fee revenues for estimated results and approved were calculated using a fee of $128 and $130 respectively and a student head count of and 16,093 and 16,000 respectively. Using this combined income as the base, the Government Affairs Committee (GAC) estimates increasing net assets by $218,220 in The approved budget for shows an increase in net assets of $180. As of June 30, 2013 the reserve policy established by GAC for this fund was fully funded with excess net assets above reserves of $1,467,525. Considering the estimated changes to the net assets noted above, the excess net assets should be approximately $1,657,166 at June 30, 2014 and $1,643,194 at June 30, Based on the current programming, budget estimates and projections, a fee increase may not be necessary until after the fiscal year to maintain existing programs and operations at the current levels with minimal use of excess reserves. The most recent change to the Activity Fee was approved in April 2007 which extended the annual CPI fee increase indefinitely. 7

8 ASSOCIATED STUDENTS CSU, CHICO ACTIVITY FEE FUND Actual & Budgeted Income and Expenses For the Years Ended June 30 INCOME Actual Original Estimated Approved Experience Budget Results Budget Income Sources Activity Fees 1,883,514 1,967,069 2,018,083 2,038,632 AFFA Income 85,000 85,000 85,000 85,000 Agency Account Fees 3,371 2,600 2,500 2,500 Indirect Income 24,419 27,000 27,000 25,000 Interest/Investments 10,532 9,800 8,750 9,000 Misc Income/Internal Txfers 16,506 8,269 8,480 7,512 TOTAL INCOME 2,023,342 2,099,738 2,149,813 2,167,644 ALLOCATED FUNDS University Service Fees Copyright Fees 3,087 3,250 3,250 3,250 Indirect Costs to RF 9,424 11,000 10,000 10,000 VPBF Custodial Fee 2,250 2,250 2,250 2,250 Total University Service Fees 14,761 16,500 15,500 15,500 Contract Programs CADEC/LEAD CCLC 40,000 40,000 40,000 35,000 FASA Expense 202, , , ,602 Student Shuttle Program 163, , , ,000 Shuttle Contract Supplement Total Contract Programs 406, , , ,602 Corporate Services Agency Accounts Acctg 16,800 16,800 16,800 16,800 Financial Services Office 70,995 80,672 76,654 83,070 Administration & HR Offices 47,310 58,186 46,586 60,750 Information Technology Office 54,434 89,878 75,834 96,748 Scholarship Program 475 1,000 1,000 1,000 Total Corporate Services 190, , , ,368 AF Operational Costs AF Administration 135, , , ,138 Corporate Insurance 35,761 36,509 36,144 37,084 Depreciation 12,749 10,000 3,160 7,500 Risk Management 147 1,000 1,000 1,000 Small Equipment 0 1,000 1,200 0 Utilities/Custodial 16,532 17,454 17,306 16,694 Bank Charges 1,059 1,000 1,000 1,000 Total AF Operational Costs 201, , , ,416 8

9 ASSOCIATED STUDENTS CSU, CHICO ACTIVITY FEE FUND Actual & Budgeted Income and Expenses For the Years Ended June 30 Government Affairs Actual Original Estimated Approved Experience Budget Results Budget GAO Administration 188, , , ,853 Officer Budgets 64 1,000 1,000 1,500 Elections Budget 4,849 6,900 6,041 6,099 FLO Program 10,664 12,000 12,000 10,000 Total Government Affairs 204, , , ,452 Funding Allocations Event Funding Allocation Council 35,086 40,000 40,000 35,000 Activity Fee Reserves (2,183) 24,588 25,226 10,000 Multicultural Affairs Council 33,311 40,000 40,000 35,000 Revenue Sharing 39,619 63,283 63,283 54,003 Traditional Programming 4,760 17,700 17,700 17,500 Total Funding Allocations 110, , , ,503 Staff Managed AF Programs CAVE Career Employee S/B 206, , , ,270 CAVE Operational Costs 118, , , ,861 Less CAVE Fee 4 Service Activity (95,320) (91,704) (83,840) (84,000) CDL Career Employee S/B 545, , , ,790 CDL Operational Costs 250, , , ,968 Less CDL Grant Activity (488,521) (487,340) (487,189) (427,624) Total Staff Managed Programs 536, , , ,265 Student Run AF Programs GSEC 33,570 34,628 34,628 35,000 CLIC 38,609 38,620 36,620 37,000 CLIC Rent 28,928 28,000 30,000 30,000 EARC 9,800 5,000 5,000 0 KCSC 16,727 19,389 19,389 20,000 Program Space Rent 8,358 8,358 8,358 8,358 Total Student Run Programs 135, , , ,358 TOTAL ALLOCATIONS 1,800,109 2,094,618 1,931,593 2,167,464 Available for Reserves 223,233 5, ,

10 A S S O C I A T E D S T U D E N T S AUXILIARY ACTIVITIES FUND APPROVED FOR THE YEAR ENDING JUNE 30,

11 AUXILIARY ACTIVITIES FUND: AN OVERVIEW Since 1942, the Associated Students have provided the University community (students, faculty, staff and guests) with bookstore and campus dining services. Operating under the broad policies and procedures set by the Associated Students Business Committee (ASBC), the commercial enterprises provide quality products and services at competitive prices, are responsive to the needs of the campus, and remain financially self-supporting. As a result of the Operating and Lease Agreement between the Trustees, California State University and the Associated Students of California State University, Chico, excess business profits identified by ASBC and approved by the AS Board of Directors (BOD) have been distributed to the Revenue Allocation (RAC) Committee for use in the following year. For the 2002 and later years, based on the increased debt retirement obligations of the newly constructed facilities, the Board approved suspending the annual allocation until it can be further evaluated. Each year as a part of the budget process, the businesses project estimated results of operations for the next year using guidelines established by ASBC. These estimates are presented in an operational income statement format. 11

12 A S S O C I A T E D S T U D E N T S WILDCAT STORE APPROVED FOR THE YEAR ENDING JUNE 30,

13 SALES WILDCAT STORE ASSOCIATED STUDENTS, CSU, CHICO ACTUAL AND ESTIMATED OPERATIONAL RESULTS FOR THE YEARS ENDING JUNE 30 Original Estimated Approved Actual 2013 Budget 2014 Results 2014 Budget 2015 Amount % Amount % Amount % Amount % Museum Store 13, % 7, % 13, % 10, % General Merchandise 2,566, % 2,569, % 2,470, % 2,482, % Book Division 4,205, % 3,662, % 3,567, % 3,139, % Personal Computers 2,153, % 2,029, % 1,199, % 899, % Convenience Store 564, % 536, % 507, % 473, % Total Operating Income 9,503, % 8,806, % 7,758, % 7,005, % COST OF SALES Museum Store 5, % 3, % 6, % 5, % General Merchandise 1,397, % 1,345, % 1,290, % 1,296, % Book Division 2,944, % 2,452, % 2,437, % 2,153, % Personal Computers 1,911, % 1,812, % 1,071, % 803, % Convenience Store 306, % 299, % 296, % 288, % Freight 131, % 163, % 164, % 165, % Total Cost of Sales 6,698, % 6,077, % 5,267, % 4,713, % OPERATING MARGIN 2,805, % 2,729, % 2,491, % 2,291, % OPERATING EXPENSES Salaries, Wages & Benefits Salaries & Wages Career 482, % 394, % 372, % 358, % Wages Student & Casual 512, % 469, % 466, % 497, % Employee Benefits 309, % 273, % 240, % 235, % Total Salaries & Benefits 1,304, % 1,136, % 1,079, % 1,091, % Other Operating Expenses Professional Services 8, % % 4, % 2, % Financial Services Office 149, % 169, % 161, % 175, % Administration & HR Offices 65, % 77, % 62, % 73, % Information Technology Office 38, % 68, % 52, % 72, % Utilities 36, % 42, % 35, % 29, % 13

14 WILDCAT STORE ASSOCIATED STUDENTS, CSU, CHICO ACTUAL AND ESTIMATED OPERATIONAL RESULTS FOR THE YEARS ENDING JUNE 30 Original Estimated Approved Actual 2013 Budget 2014 Results 2014 Budget 2015 Amount % Amount % Amount % Amount % Postage 1, % 1, % 2, % 1, % Telephone 35, % 32, % 31, % 32, % Operating Supplies 40, % 28, % 29, % 26, % Travel & Meetings 16, % 11, % 13, % 13, % Repairs and Maintenance 91, % 95, % 82, % 82, % Depreciation 86, % 85, % 67, % 70, % Advertising 25, % 30, % 22, % 22, % Insurance 28, % 27, % 25, % 24, % Rent BMU and Warehouse 416, % 406, % 408, % 321, % Contributions to University 388, % 355, % 309, % 231, % Wildcat and Credit Card Fees 175, % 160, % 143, % 143, % Other Operating Expenses 66, % 71, % 55, % 55, % Total Other Operating Expenses 1,671, % 1,664, % 1,507, % 1,377, % Total Operating Expenses 2,976, % 2,801, % 2,587, % 2,468, % INCOME FROM OPERATIONS (170,931) -1.80% (72,293) -0.81% (96,373) -1.23% (176,947) -2.54% OTHER INCOME (EXPENSES) Commissions 59, % 52, % 58, % 59, % Interest Income 7, % 8, % 6, % 6, % Other Income (Expense) 328, % 258, % 242, % 244, % Royalty (Expense) (60,116) -0.63% (59,145) -0.67% (63,316) -0.82% (63,400) -0.91% Market Value Inventory Adjustment (71,334) -0.75% (25,000) -0.28% (120,000) -1.55% (40,000) -0.57% Extraordinary Expenses % % % % Total Other Income (Expense) 263, % 234, % 124, % 205, % AVAILABLE FOR RESERVES 92, % 162, % 27, % 28, % 14

15 A S S O C I A T E D S T U D E N T S DINING SERVICES APPROVED FOR THE YEAR ENDING JUNE 30,

16 DINING SERVICES ASSOCIATED STUDENTS, CSU, CHICO ACTUAL AND ESTIMATED OPERATIONAL RESULTS FOR THE YEARS ENDING JUNE 30 Original Estimated Approved Actual 2013 Budget 2014 Results 2014 Budget 2015 Amount Percent Amount Percent Amount Percent Amount Percent OPERATING INCOME Residence Dining Revenue 3,799, % 4,099, % 4,105, % 4,285, % Cash Operations Sales 3,545, % 3,398, % 3,765, % 3,927, % Total Operating Income 7,345, % 7,498, % 7,870, % 8,212, % COST OF SALES Residence Dining Costs 1,221, % 1,188, % 1,295, % 1,334, % Cash Operations & Catering 1,377, % 1,272, % 1,476, % 1,547, % Total Cost of Sales 2,599, % 2,461, % 2,771, % 2,882, % OPERATING MARGIN 4,746, % 5,036, % 5,099, % 5,330, % OPERATING EXPENSES Salary, Wages & Benefits Salaries & Wages Career 1,017, % 1,051, % 1,021, % 1,053, % Wages Student & Casual 1,166, % 1,318, % 1,357, % 1,491, % Employee Benefits 842, % 911, % 915, % 961, % Total Salary, Wages & Benefits 3,026, % 3,282, % 3,294, % 3,506, % Other Operating Expenses Professional Services % % % % Financial Services Office 122, % 139, % 132, % 143, % Administration & HR Offices 113, % 138, % 121, % 146, % Information Technology Office 34, % 61, % 45, % 64, % Utilities 128, % 132, % 156, % 163, % Telephone 15, % 16, % 15, % 15, % Operating Supplies 255, % 282, % 271, % 285, % Local/Auto & Truck 4, % 4, % 4, % 5, % 16

17 DINING SERVICES ASSOCIATED STUDENTS, CSU, CHICO ACTUAL AND ESTIMATED OPERATIONAL RESULTS FOR THE YEARS ENDING JUNE 30 Original Estimated Approved Actual 2013 Budget 2014 Results 2014 Budget 2015 Amount Percent Amount Percent Amount Percent Amount Percent Travel & Meetings 2, % 10, % 9, % 24, % Repairs and Maintenance 139, % 121, % 121, % 108, % Laundry and Linen 92, % 101, % 105, % 105, % Depreciation 86, % 113, % 100, % 101, % Advertising 15, % 15, % 19, % 22, % Insurance 50, % 50, % 50, % 50, % Program Expense 7, % 11, % 9, % 10, % Rent - Equip & BMU Space 165, % 165, % 165, % 165, % Rent - Housing 20, % 16, % 20, % 20, % Contributions to University 145, % 160, % 182, % 195, % Credit and Wildcat Card Fees 82, % 65, % 63, % 66, % Other Operating Expenses 96, % 92, % 94, % 96, % Total Other Operating Expenses 1,580, % 1,700, % 1,690, % 1,791, % Total Operating Expenses 4,606, % 4,982, % 4,985, % 5,297, % INCOME (LOSS) FROM OPERATIONS 139, % 54, % 113, % 32, % OTHER INCOME (EXPENSES) Other Income (Expense) 113, % 128, % 128, % 116, % Sales Tax Expense (9,457) -0.13% (9,115) -0.12% (10,785) -0.14% (11,163) -0.14% Extraordinary Expense % % % % Total Other Income (Expense) 104, % 119, % 117, % 105, % AVAILABLE FOR RESERVES 243, % 174, % 231, % 137, % 17

18 A S S O C I A T E D S T U D E N T S STUDENT UNION FUND APPROVED FOR THE YEAR ENDING JUNE 30,

19 Student Union Fee and Enrollment The current Student Union fee is $758 annually to each student. The fee increases annually by the Consumer Price Index (CPI). The annual fee includes $11.37, adjusted annually by CPI, to fund sustainability programs. The most recent change to the Student Union fee was an increase of $175 per semester to fund the Wildcat Recreation Center (WREC) which opened in the fall semester of The annual fee is projected to increase to $770 in Average enrollment for and is expected to be 16,093 and 16,000 student head count, respectively. Building Costs and Debt Service The original construction costs of the Bell Memorial Union were provided by a $1,100,000 bond issue and approximately $900,000 contributed by the local campus ($400,000 from the Associated Students businesses and $450,000 from Union funds). This bond issue was paid off in May Chico was the second Union to be constructed in the system. A bond issue of $23,370,000 also provided funding for the expansion project in , interest earned during construction of approximately $1,991,900, and approximately $8,410,320 contributed by the local campus ($7,210,320 from Union funds and $1,200,000 from the Associated Students businesses). The bond issue for the BMU expansion project was refinanced with Systemwide Revenue Bonds of $18,525,000 during August of This reduced Union debt by approximately $1,675,000 because of a bond premium included in the sale. Also, Systemwide Revenue Bonds in the amount of $66,425,000 were sold in March of 2008 to fund the construction costs of the recreation center. Both bond agreements require annual payments of principal and interest on the bonded debt. A bond surety reserve was purchased to secure payment on both bond issues. Funds held by the University and Chancellor s Office Student Union Revenue Fund (Revenue Fund) Student Union fees are collected locally and are held in the Revenue Fund maintained by the University. One of the primary purposes of this fund is to collect the student fee revenue and then fund the required debt service obligation for both the BMU and WREC facilities. In addition, administrative costs and other required fund transfers are paid out of this fund. The remaining funds, referred to as Return of Surplus Funds, are those made available to the local Union to cover the annual operating and programming costs. Bond Interest and Redemption Fund The Bond Interest and Redemption Fund is held by the Chancellor s Office with the purpose to collect and disburse the debt service obligations of the BMU and WREC facilities. Funding to cover the debt service payments is transferred from the Revenue Fund annually. 19

20 Repair and Replacement Reserve Fund The Repair and Replacement Reserve Fund is held by the University with the purpose to set aside and disburse funds for future repairs and maintenance of the BMU and WREC facilities. Funding for this purpose is transferred annually from the Revenue Fund. Construction Fund The Construction Fund is held by the Chancellor s Office with a purpose to collect bond proceeds and disburse funds for construction projects. These funds were used most recently to construct the WREC facility. Schedule 1, on the following page, reflects the combined activity of all Student Union funds held by the University and Chancellor s Office, actual activity for , original budget and estimated results for and approved budget for Student Union Fund Local Total The Student Union Fund Local Total, presented in Schedule 2, reflects combined income and expenses for the general operation and administration of the Bell Memorial Union and Wildcat Recreation Center buildings, actual activity for , original budget and estimated results for and approved budget for

21 Schedule 1 Associated Students, CSU, Chico Student Union Funds Activity at University and Chancellors Office For the Years Ending June 30 Actual Original Estimated Approved Experience Budget Results Budget Receipts Student Union Fees 11,635,180 11,701,972 11,941,448 12,064,673 Return of Surplus Funds (4,057,824) (3,785,061) (3,785,061) (4,308,084) Interest Income 167, , , ,717 Total Receipts 7,744,815 8,024,628 8,261,436 7,860,306 Disbursements General Administration Costs 30,339 85,220 30,339 30,339 Financial Aid 114, , , ,846 New Bond Payment 1,428,500 1,426,250 1,426,250 1,422,500 WREC Bond Payment 4,229,867 4,243,700 4,243,700 4,247,150 Repairs & Maintenance 0 1,200,000 1,274, ,000 Interest Expense (69,250) 0 (69,250) (69,250) Project Costs 27, Total Disbursements 5,761,529 7,163,618 7,092,674 6,020,585 Net Increase (Decrease) 1,983, ,010 1,168,762 1,839,721 21

22 Schedule 2 STUDENT UNION FUND - LOCAL TOTAL ASSOCIATED STUDENTS, CSU, CHICO ACTUAL EXPERIENCE AND BUDGETS FOR THE YEARS ENDING JUNE 30 Actual Original Estimated Approved Experience Budget Results Budget INCOME Return of Surplus Funds - Fees 4,057,824 3,785,061 3,785,061 4,308,084 Rent Income 111,186 90,000 90, ,000 Program Receipts 112, , , ,000 Reimbursements - A S Areas 910, , , ,252 Reimbursements - University 35,000 35,000 35,000 35,000 Interest Income 11,593 12,000 9,500 10,000 UHFS Contract 6,500 6,500 6,500 6,500 Miscellaneous Sales / Fees 179, , , ,200 Other Income 200, , , ,653 Total Income 5,623,529 5,223,623 5,266,115 5,682,689 OPERATING EXPENSES Salaries & Wages - Career 1,325,270 1,363,851 1,283,211 1,358,664 Salaries & Wages - Temp 809, , , ,956 Employee Benefits 891, , , ,759 Student Stipends 10,322 10,448 10,448 10,658 Legal and Professional 61,152 63, , ,700 Corporate Services Reimb: Administration & HR Offices 267, , , ,220 GAC,ELBD,ADMIN 0 8,314 7,790 8,050 Financial Services Office 164, , , ,507 Information Technology Office 95, , , ,572 Utilities 518, , , ,000 Postage Telephone 42,175 42,960 45,786 49,516 Supplies 3,365 7,700 5,200 5,200 Professional Development 12,142 26,950 26,889 33,550 Repairs and Maintenance 283, , , ,260 Depreciation 149, , , ,610 Advertising 30,252 24,150 25,975 26,025 Insurance 63,295 63,535 62,191 62,145 22

23 Schedule 2 STUDENT UNION FUND - LOCAL TOTAL ASSOCIATED STUDENTS, CSU, CHICO ACTUAL EXPERIENCE AND BUDGETS FOR THE YEARS ENDING JUNE 30 Actual Original Estimated Approved Experience Budget Results Budget Rent 80,950 80,749 80,749 80,749 Program Expenses Information Center Union Programming 64, , , ,250 Art Gallery 1,141 2,000 2,000 2,000 Recycling Program Sustainability Programs 47,739 72,743 76,904 75,270 Cross Cultural Center 40,000 40,000 40,000 40,000 WREC 65,191 62,800 62,800 62,800 Office Supplies and Copies 10,751 11,625 11,800 13,165 Small Electronics/Equipment 22,837 56,650 62,250 70,150 Operating Supplies 137, , , ,400 Recruitment Bank Charges 1,233 1,300 1,300 1,300 AS Student Employee Scholarship 475 1,000 1,000 1,000 ASBS Tech Support 0 1,600 1,600 1,600 Other Expenses 18,860 17,050 20,400 19,750 Total Operating Expenses 5,219,172 5,877,708 5,646,464 6,121,676 Increase (Decrease) in Net Assets 404,357 (654,085) (380,349) (438,987) 23

24 A S S O C I A T E D S T U D E N T S CORPORATE SERVICES FUND APPROVED FOR THE YEAR ENDING JUNE 30,

25 Corporate Services Corporate Services facilitates the smooth operations of all areas within the Associated Students (AS). For example, a single office performs all business services. This saves money and coordinates the business functions of the AS. The Corporate Services budgets are unique in that they receive all funding from the other areas of the AS, except for Financial Services and Information Technology that receive some funding from non-as sources in return for services. The budgets are also break-even, i.e. they are to receive only enough funding to cover costs. When looking at these budgets, notice each is reimbursed for the total cost of operations; the amount reimbursed plus income from non-as sources equals the total cost of the operations. The following pages include a combined schedule of the approved budgets for all Corporate Services areas and a brief description and individual budget presentation for each office. Line item explanations for budget changes greater than 10% and $2,000 are provided for each office. 25

26 TOTAL CORPORATE SERVICES BUDGET ASSOCIATED STUDENTS, CSU CHICO ACTUAL EXPERIENCE AND BUDGETS FOR THE YEARS ENDING JUNE 30 Actual Original Estimated Approved Experience Budget Results Budget INCOME Reimbursements Activity Fee 233, , , ,452 Student Union 356, , , ,883 Wildcat Recreation Center 237, , , ,392 Dining Services 321, , , ,466 Wildcat Store 284, , , ,917 Contract Income Research Foundation to Financial Services 586, , , ,475 Research Foundation to Information Tech 104, , , ,332 University Box Office Other Income 56,922 47,109 48,028 48,357 Total Income 2,182,415 2,514,947 2,304,200 2,569,274 EXPENDITURES Salaries and Wages - Career 989,729 1,080,295 1,007,545 1,090,406 Salaries and Wages - Casual & Student 72,271 89,363 96, ,906 Employee Benefits 595, , , ,478 Directors Stipend 10,401 10,448 10,448 10,658 Professional Services & Supplies 105, , , ,173 Insurance 188, , , ,906 Rent 19,346 19,346 5,346 5,346 Utilities 11,290 13,853 10,383 13,461 Postage 4,042 4,488 4,875 4,475 Telephone 17,143 23,005 22,300 22,800 Travel and Conferences 6,077 17,900 14,295 26,700 Professional Dues & Subs 4,481 4,928 4,923 4,950 Meals and Refreshements Repairs and Maintenance Equip 9,429 25,100 22,275 24,500 Software Maintenance 52,986 92,520 65,000 72,900 Equipment Purchases 4,049 10,000 7,375 12,400 Custodial 8,487 8,567 9,424 8,567 Depreciation 34,853 63,812 23,761 30,883 Other Operating Expenses 29,358 39,965 33,300 39,880 Office Supplies and Printing 15,942 22,943 18,450 18,410 Staff Appreciation Events 1,736 7,408 6,000 7,500 Employee Training 0 7,700 7,700 7,700 Staff Conference ,000 Miscellaneous 1, Total Expenditures 2,182,415 2,514,947 2,304,200 2,569,274 NET INCOME (LOSS)