CSUF CALIFORNIA STATE UNIVERSITY, FULLERTON

Transcription

1 CSUF CALIFORNIA STATE UNIVERSITY, FULLERTON Budget Report Fiscal Year

2 Table of Contents I. Foreword II. University Resources a. Fiscal Year Budget 1 b. Highlights: Operating Fund Budget 2 c. Operating Fund Revenue Budget, vs d Base Expenditure Budget by Division 4 e. Campus General Fund and Resident Enrollment FTEs 5 f. General Fund and Fee Revenue vs. Expenditures 6 g Operating Fund Budget and Actuals 7 h. Other Funds 1. Student Success Initiative 8 2. Lottery 9 i. Self-Support Operations 1. Continuing Education Housing Parking 12 j. Auxiliary Organizations 1. Auxiliary Services Corporation Associated Students i. Associated Students, Inc. 14 ii. Titan Student Center 15 iii. Instructionally Related Activies Cal State Fullerton Philanthropic Foundation 17 III. Appendix a. Glossary of Budget Related Terms 18 Division of Administration & Finance

3 Foreword Purpose of this Document This document is a presentation of California State University, Fullerton s (CSUF s) operating budget for 2014/15. CSUF budgets are addressed in varying detail, but the main focus of this document is CSUF s Operating Budget. The Operating Budget has two main components: funding from the State of California that is distributed by the California State University (CSU) Chancellor s Office to CSUF, and student fee revenues collected by the campus. Scope of Information Budget presentations in this document are primarily focused on the current fiscal year from an overall University perspective. Financial and budget information relating to specific Divisions, Colleges, Schools, Departments and/or Programs may be obtained by contacting the appropriate Vice President s Office for assistance. Distribution of this Document This document can be found on the Resource and Planning website under Budget Reports. Published by: Resource Planning & Analysis Division of Administration & Finance California State University, Fullerton Website: Resource Planning & Analysis Telephone: (657) (Central line) budget@exchange.fullerton.edu Division of Administration & Finance

4 University Resources Fiscal Year Budget Highlights: Operating Fund Budget Operating Fund Revenue Budget Comparison Operating Fund Expenditure Budget by Division General Fund and Resident Enrollment FTEs General Fund and Fee Revenue vs. Expenditures Operating Fund Budget and Actuals Division of Administration & Finance

5 Fiscal Year Budget Fund / Organization FY Budget CSU Operating* 353,357,935 Student Success Initiative 4,648,742 Lottery 1,929,037 Continuing Education 38,762,339 Housing 26,815,575 Parking 13,073,932 Auxiliary Services Corp. 22,855,650 Associated Students Associated Students, Inc. 8,530,711 Titan Student Center 7,947,556 Instructionally Related Activities 3,598,451 Cal State Fullerton Philantropic Foundation 586,305 Total University Budget $482,106,232 *Consists of State General Fund allocation and Fee Revenues Division of Administration & Finance 1

6 Highlights: Operating Fund Budget Fiscal year continued the positive financial stability established in Beginning with fiscal year , CSUF was pleased to report that the budget situation had improved greatly over the past year mainly due to the passage of Proposition 30, which allowed the CSU to reverse the $250 million budget reduction distributed to campuses at the start of last year. With the increased revenues provided by Proposition 30, the Governor has committed a multi-year funding plan for CSU: 5% increase in (received) 5% increase in (received) 4% increase in (received 9%) 4% increase in The State of California legislature and the Governor continued to support higher education and met their previously stated intentions by providing CSU a 5% funding increase for FY This increase totaled $142 million to the CSU. With the additional funding, the CSU has prioritized a 3% general salary increase, enrollment growth, and deferred maintenance funding (related to the new capital financing framework). Unfortunately, the State s allocation was less than necessary to meet these priorities. The Chancellor s Office reduced each campus allocation by roughly 1.1% to support CSU operations; the impact to CSUF is $1,539,100. Below is a summary of the CSU adopted support budget and CSUF s allocations. CSU CSUF Enrollment FTES 8, Enrollment Funding $81,198,000 $6,572,000 Tuition Fee Revenue Offset* ($41,631,000) ($3,515,000) Benefits $12,066,000 $872,000 New Space $1,597,000 $2,000 Deferred Maintenance $10,000,000 Compensation Pool $92,605,000 $6,624,700 Systemwide Provisions ($13,171,000) TOTAL $142,664,000 $10,555,700 * Tuition fee revenue offset equates to the revenue received by the campus for additional California residents. While the CSU funds enrollment growth on a marginal cost per full-time equivalent student, the funding is then reduced by the tuition paid by the students. Division of Administration & Finance 2

7 Operating Fund Base Revenue Budget vs Baseline budget increase from FY13-14 to FY /14 Budget 2014/15 Budget Adjustment Percent Change Operating Fund Budget State Allocation $ 130,064,361 $ 144,394,061 $ 14,329, % Tuition and Fee Revenues 203,435, ,963,874 5,528, % $ 333,499,554 $ 353,357,935 $ 19,858, % Detail of Budget Adjustments between 2013/14 and 2014/15 CSU Budget Adjustments Enrollment Growth $ 6,572,000 Faculty Equity Adjustment 90,200 FY 13/14 Compensation 2,848,700 FY 14/15 Compensation 6,624,700 General Fund Reduction to Support CSU Operations (1,539,100) Improving Student Success / Reduction of Bottleneck 458,000 Interest Assessment 96,900 Mandatory Costs (a) 874,000 Retirement Adjustment 1,043,100 State University Grant (SUG) Adjustment 776,200 Tuition Fee Off-Set (3,515,000) Total Revenue $ 14,329,700 Campus Budget Adjustments Tuition Fee Revenue Adjustment 5,528,681 Total Budget Adjustments $ 19,858,381 (a) Health, Space Division of Administration & Finance 3

8 Base Expenditure Budget by Division Operating Fund Office of the President Academic Affairs Administration & Finance Human Resources, Diversity & Inclusion Information Technology Student Affairs University Advancement University-Wide Total University % of Total Salaries 1,031, ,603,669 18,218,149 4,288,340 9,085,881 14,920,884 5,647,211 1,772, ,568,322 Benefits 12,000 26,600 78,847,807 78,886,407 OE&E 680,202 11,353,119 2,242, ,043 3,833,477 3,474,077 1,048,447 73,962,234 96,903,207 Total Operating Fund $ 1,723,737 $ 133,983,388 $ 20,460,756 $ 4,597,383 $ 12,919,358 $ 18,394,961 $ 6,695,658 $ 154,582,693 $ 353,357, % Other Funds Student Success Initiative 994,991 1,060,455 1,587,111 49, ,494 4,648, % Lottery 1,145,335 63, ,452 1,929, % Self-Support Operations Continuing Education 38,762,339 38,762, % Housing 26,815,575 26,815, % Parking 13,073,932 13,073, % Auxiliary Organizations Auxiliary Services Corp. 22,855,650 22,855, % Associated Students, Inc. 8,530,711 8,530, % Titan Student Center 7,947,556 7,947, % Instructionally Related Activities 3,598,451 3,598, % Cal State Fullerton Philanthropic Foundation 586, , % Total, All Funds $ 1,723,737 $ 174,886,053 $ 56,390,338 $ 4,597,383 $ 14,043,064 $ 67,594,816 $ 7,331,653 $ 155,539,187 $ 482,106, % Operating Fund Base Expenditure Budget by Division Student Affairs 9.3% University Advancement 3.4% Office of the President 0.9% Information Technology 6.5% Human Resources, Diversity & Inclusion 2.3% Administration & Finance 10.3% Academic Affairs 67.4% Division of Administration & Finance 4

9 Campus General Fund and Resident Enrollment FTEs FTEs 28,600 General Fund $200,000,000 $179,775,337 $180,000,000 28,100 $179,133,570 $151,122,657 27,873 $160,000,000 $144,394,061 27,600 $136,371,537 27,190 27,190 27,190 $116,085,961 $108,382,561 $130,064,361 $140,000,000 $120,000,000 27,100 27,198 $100,000,000 26,903 26,875 26,875 $80,000,000 26,600 $60,000,000 26,100 $40,000,000 $20,000,000 25,600 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY/13/14 FY 14/15 Budgeted Enrollment Target General Fund Allocation $0 Division of Administration & Finance 5

10 General Fund and Fee Revenue vs Expenditures $400,000,000 $391,824,566 $350,000,000 $300,000,000 $332,297,773 $299,777,077 $295,508,524 $304,520,487 $325,739,667 $317,351,775 $350,588,265 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY/13/14 FY 14/15 General Fund Fee Revenue Expenditures Division of Administration & Finance 6

11 Operating Fund Budget and Actuals By Division and Sub-Division Baseline Budget Revised Budget Division Sub-Division / College Faculty Faculty FTE Dept Chair Dept Chair FTE MPP Actuals MPP FTE Staff Staff FTE Student Student FTE Temp Help Temp Help FTE Overtime Benefits Oper Exp Total ($) Academic Affairs AVP Academic Programs 491, ,118, ,009, , , ,808 1,319, ,555 5,067, College of Arts 8,871, , , ,689, , , ,864 5,425, ,142 17,779, College of Communications 6,367, , , , , , ,579, ,970 12,248, College of Education 7,369, , , , , , ,755 4,407,574 1,211,936 15,349, College of Eng & Comp Science 5,398, , , , , , ,605 3,093,997 1,087,234 11,716, College of Health & Human Dev 12,892, , , ,420, , , ,558 7,660,687 1,553,886 25,638, College of Humanities & Soc Sc 24,711, ,260, , ,360, , , ,765 13,329,273 1,433,970 43,696, College of Natural Sci & Math 12,049, , , ,043, ,562, , (3,559) 7,366,769 2,373,105 26,481, CSF Irvine Campus 5, , , , , , ,478 1,006, Deputy Provost 35, , , , , ,853 99, , Library , ,913, , , ,694,724 2,488,282 7,907, Mihaylo College of Bus & Econ 17,307, , , ,387, , ,145, ,210 9,173,344 2,661,379 33,871, University Extended Education 3, , , , , ,044 1,388, VP Academic Affairs 184, ,861, ,109, , , ,050 2,869,197 2,151,710 10,905, Total $133,983,388 $225,603,333 $95,688,503 1, $4,956, $7,631, $18,357, $5,480, $3,929, $61,649 $60,830,286 $16,964,757 $213,901,249 2, Administration & Finance Administration & Finance 597, , , , , ,274 2,065, Business & Administrative Svcs 1,342, ,941, , , ,812 2,256, ,833 7,407, Facilities Management 2,135, ,479, , , ,188 5,899,842 2,408,819 18,686, Internal Auditor 126, ,695 2, , University Police , ,206, , , ,276 1,735, ,048 5,342, Total $20,460,756 $39,140,454 $ $ $4,594, $13,029, $603, $488, $648,275 $10,456,803 $3,871,117 $33,692, Human Resources Engagmt, Diversty, & Inclusion 534, , , , , ,870 2,305, Operations & Professional Dev 669, , , , , ,606 84,404 2,515, Safety and Risk Management 343, , , ,810 39, , Vice President of Human Resrce 459, , , ,310 76, , Total $4,597,383 $7,677,613 $ $ $2,007, $1,798, $76, $352, $10,547 $1,946,474 $596,468 $6,788, Information Technology Information Technology 52, ,774, ,865, , , ,129 4,006,061 5,526,190 17,928, Total $12,919,358 $18,537,449 $52, $ $1,774, $5,865, $517, $185, $1,129 $4,006,061 $5,526,190 $17,928, Office of the President President 921, , , , , ,452 2,111, Total $1,723,737 $2,786,827 $ $ $921, $50, $16, $45, $0 $431,111 $646,452 $2,111, Student Affairs Associated Students, Inc. 11, (1,400) 9, Athletics 1,447, , , , ,089, ,501 1,902, ,412 6,606, Student Affairs Sub-Division 3, , , , , , ,182 2,197, Student Engagement 16, , , , , , ,829 2,176, Student Retention 1,091, ,133, ,532, ,006, , ,719 4,650,790 1,032,525 15,373, Student Transitions (48,228) (0.50) 361, ,646, , , ,432 1,095, ,044 3,987, Total $18,394,961 $33,290,271 $2,510, $ $3,247, $9,201, $1,578, $2,340, $45,702 $8,883,307 $2,543,593 $30,350, University Advancement Advancement 322, , , , , , , Advancement Operations 193, , , (5,085) , ,582 1,052, Alumni Relations 128, , , , ,455 44, , Central Development 6, , , , , , ,119 3,099, College & Campaign Development 539, , , , ,509 1,374, Government Relations 264, , , , , , , Strategic Communications 555, , , , ,393 2,900, Total $6,695,658 $11,901,238 $6, $ $2,992, $2,075, $132, $42, $2,650 $2,564,684 $2,533,178 $10,349, University-Wide All Univ-Gen Admin Svcs 334, , All Univ-Maintenance & Repair 270, , Capital Projects Operations 1,970,555 1,970, Child Care Subsidy 112, , Classroom Refurbishment 660, , Commencement VPUA , , CSUF Risk Pool (128,550) 4,013,402 3,884, Deferred Maintenance 89, , , , Energy Conservation Fund 713, , Instructional Facilities 2,496,204 2,496, IRA-Assoc. Students 5,958 5, Miscellaneous (1,332) 914, , Other Events 15, ,153 21, Physical Plant-Projects & Program 1,349,523 1,349, Space Rental 7,318,185 7,318, Univ Grant and Scholarships 52,842,698 52,842, University Counsel 145, , ,332 3, , Utilities and Energy , , ,294 1,036,781 2,210, Utilities-Commodity 5,901,732 5,901, Utilities-Hazardous Waste Remv 6, , , , , , VPAF Utility Projects & Program 604, , FIRMS (5,656) (0.16) (963,395) (8.47) (2,485,414) (37.18) (192,349) (8.89) (193,605) (4.68) (133,903) (1,901,827) (1,389,761) (7,265,911) (59.39) Total $154,582,693 $126,557,390 ($5,656) (0.16) $ ($722,129) (6.22) ($1,597,977) (21.33) ($111,970) (5.46) ($193,071) (4.64) ($41,381) ($1,387,869) $80,762,048 $76,701,994 (37.82) Total Operating Fund $353,357,935 $465,494,574 $98,252,802 1, $4,956, $22,447, $48,780,050 1, $8,293, $7,191, $728,570 $87,730,857 $113,443,804 $391,824,566 3, Total FTE Division of Administration & Finance 7

12 Other Funds Student Success Initiative Lottery Division of Administration & Finance

13 Student Success Initiative Actuals Revenues Student Fees 4,648,742 Total Revenues $ 4,648,742 Expenses Programs: Support Academic Progress 988,367 Students Path to Graduation 198,065 Support Titan Pride 645,256 Student Centered Spaces 359,000 Embrace Diversity & Veterans 345,758 Improve Instructional Experience 511,468 Access Upgraded Technology 394,117 Total Expenses $ 3,442,031 Net $ 1,206,710 Division of Administration & Finance 8

14 Lottery Fund Actuals Revenues CSU Allocation 1,918,000 Interest 11,037 Total Revenues $ 1,929,037 Expenses Academic Affairs 1,150,237 Advisement 98,163 California Pre-Doctoral Scholarship 69,872 Ed Equity Outreach HS/Comm College 146,397 Future Scholars 76,079 Information Technology 54,988 President's Scholar Program 382,255 Student Affairs 360,367 Student Mentoring 44,927 Teaching Recruitment Project 27,047 Total Expenses $ 2,410,334 Net $ (481,297) Division of Administration & Finance 9

15 Self-Support Operations Continuing Education Housing Parking Division of Administration & Finance

16 Continuing Education Actuals Revenues S/S Degree Programs 4,226,531 S/S Certificate Programs 401,920 S/S Contract Programs 7,110 Open University 6,417,623 Special Session - Other 4,059,175 Self Support Summer 11,050,514 Regular Extension 92,012 Contract Extension 32,925 N/C Contract Program 695,065 CEU Credits 1,387,851 Fines and Fees 9,150 Allowance for doubtful accounts (95,254) Earnings (SWIFT) 95,814 Other Operating Revenue 29,448 Other Non-Operating Revenue 1,371,264 Prior Year Revenue Adjustment (12,312) ASC: Non-Credit Programs 8,993,503 Total Revenues $ 38,762,339 Expenses Salaries & Wages 12,174,275 Benefits 2,219,349 Supplies & Services 169,752 Contractual Services 389,793 Space Rental 562,380 Overhead 4,361,453 Other Operating Expenditures 982,034 Scholarships/Grants 13,750 Other Expenditures 45,901 Trf Out (Campus Partners) 6,571,646 Trf Out (Oper Fund) 378,864 ASC: Non-Credit Programs 8,252,647 Total Expenses $ 36,121,844 Net $ 2,640,495 Division of Administration & Finance 10

17 Housing Actuals Revenues Rent 19,663,959 Space Rental 42,820 Food Services 5,784,788 Other 253,053 Other Non-Oper Grant 1,194,339 Allowance for Doubtful Revenue (380,082) Investment Income 162,023 Other Oper Revenue (excl student fees) 49,664 Other Non-Oper Revenue 858 Trf w/in same CSU Fund ,454 Prior Year Adjustment 6,700 Total Revenues $ 26,815,575 Expenses Salaries & Wages 1,783,450 Benefits 905,148 Overhead 717,237 Supplies & Services 732,142 Utilities 898,882 Contractual Services 5,762,760 Other Operating Expenditures 718,444 Debt Service - Dorm Building 12,702,541 Prior Year Adjustment (53,545) Total Expenses $ 24,167,060 Net $ 2,648,515 Division of Administration & Finance 11

18 Parking Actuals Revenues Parking Permits 9,871,690 Parking Coin Gates 2,094,528 Parking Fines 837,198 Earnings (SWIFT) 85,160 Other Revenue 298,505 Allowance for doubtful sales (113,149) Total Revenues $ 13,073,932 Expenses Salaries & Wages 1,679,672 Benefits 599,570 Overhead 2,666,305 Supplies & Services 1,134,751 Contractual Services 518,256 Other Operating Expenditures 1,025,839 Capital Expense 270,670 Debt Service - Parking Structure 4,152,580 Trf Out - Maintenance & Repair Fund 1,525,131 Prior Year Expenditure Adj (113) Total Expenses $ 13,572,661 Net $ (498,729) Division of Administration & Finance 12

19 Auxiliary Organizations Auxiliary Services Corporation Associated Students o Associated Students, Inc. o Titan Student Center o Instructionally Related Activities Cal State Fullerton Philanthropic Foundation Division of Administration & Finance

20 Auxiliary Services Corporation Actuals Revenues Enterprise Activities Sales 21,776,249 Cost of Goods Sold (13,443,476) Commissions Income 541,514 General Activities Administrative Services 1,200,997 Indirect Cost Recoveries 1,786,323 Program Income 3,740 Commissions Income 66,358 Investment/Interest Income 176,046 Rental Income 9,791,646 Other Income 956,253 Total Revenues $ 22,855,650 Expenses Salaries & Wages 6,459,377 Benefits 1,659,451 Utilities 1,200,949 Repairs & Maintenance 1,536,266 Depreciation 1,729,541 Debt Service & Interest Expense 2,261,560 Other Operating Expenditures 6,702,410 Total Expenses $ 21,549,554 Net $ 1,306,096 Division of Administration & Finance 13

21 Associated Students Actuals Revenues Student activity fees 5,407,201 Program revenue 2,213,513 Investment income 116,547 Grants - Children's Center 730,450 Contributions 5,000 Net assets released from restrictions 58,000 Total Revenues $ 8,530,711 Expenses Program expenditures 6,300,848 Management and general expenditures 1,819,509 Total Expenses $ 8,120,357 Net $ 410,354 Division of Administration & Finance 14

22 Titan Student Center Actuals Revenues Titan Student Union student fees 6,459,000 General operations 1,474,650 Interest income 13,906 Total Revenues $ 7,947,556 Expenses Program expenditures 5,677,098 Management and general expenditures 1,755,320 Total Expenses $ 7,432,418 Net $ 515,138 Division of Administration & Finance 15

23 Instructionally Related Activities Actuals Revenues IRA Fees 2,662,548 Investment Earnings 15,721 Other Operating Revenue 923,426 Allowance for doubtful accounts (3,244) Total Revenues $ 3,598,451 Expenses IRA Programs 2,333,872 Athletic Grants 911,926 Supplies & Services 550,892 Total Expenses $ 3,796,690 Net $ (198,239) Division of Administration & Finance 16

24 Cal State Fullerton Philanthropic Foundation Actuals Revenues Investment Income 32,829 Unrealized Gain / (Loss) on Quasi (17,666) Endowment Management Fee 471,316 Other 99,826 Total Revenues $ 586,305 Expenses Supplies & Materials 3,343 Services, Other 100,936 Computing 12,000 Other Supplies & Expense 394,820 Total Expenses $ 511,099 Net $ 75,206 Division of Administration & Finance 17

25 Appendix Glossary of Budget Related Terms Division of Administration & Finance

26 Glossary of Budget/Finance Related Terms Base Budget: Permanent operating budget given to a unit to continuously carry out the basic, ongoing CSUF mission from one fiscal year to another. Benefits: Commonly known as staff or employee benefits, i.e.: Social Security (OASDI), retirement (PERS), health coverage, dental coverage, vision, etc. The benefits available to an individual are dependent upon the negotiated contract of each employee s collective bargaining unit. Fiscal Year: For the State of California, and therefore the CSU and CSUF, the fiscal year begins on July 1 and ends on June 30. Fund: Per Executive Order 1000, a Fund is defined as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, all related liabilities, and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives. Lottery Fund: A portion of the California State Lottery proceeds is directed to the CSU and is then distributed by the Chancellor s Office to campuses. Non-resident Fee: Fee paid by domestic and international non-resident students. The fee is assessed on a per-unit basis. Operating Fund: The Operating Fund became the University s principal operating fund in 2006/07. It consists of the State Appropriation, as allocated from the Chancellor s Office, University Fees, and other student fees. Tuition Fee: In November 2010, the Board of Trustees voted to rename the State University Fee (SUF) the Tuition Fee. All students, resident and non-resident, pay the Tuition Fee. Division of Administration & Finance 18