2013/14 University Budget Presentation. Josee Larochelle Associate Vice President for Finance

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1 2013/14 University Budget Presentation Josee Larochelle Associate Vice President for Finance 1

2 Agenda Prop 30 Impacts FTES Target and Projection Base Operating Fund Budget Sources & Uses of Funds Budget Restorations Student Success, Excellence & Technology Fee Revenue & Expenditure Charts SJSU Comprehensive Budget 2

3 Budget with Bigger Trigger Expenditures <$11.9M> < 24.4M> * <$36.3M> Total Revenues *With $250M trigger reduction ($3.8M unallocated reduction) 3

4 Where we left off (November 2012) Prop 30 passes = $5.5M net increase to SJSU Reductions still necessary to close $27.0M gap Divisions will continue to work on implementing reductions University will apply $5.5M from Prop 30 to one-time needs this year, as determined by the Cabinet. 4

5 Original Two-Year Reduction Plan Starting Point Start of $33.0M Reduction $16.5M Reduction One-time Funds $33.0M Reduction Final Reduction 5

6 Prop 30 Restores $16.5M Starting Point Start of $33.0M Reduction $16.5M Reduction One-time Funds Base Restoration Final Reduction 6

7 2012/13 Division Reductions & One-time Relief Division Base Reduction Turned into Base Restoration in 2013/14 Temporary Relief Net Impact Academic Affairs <$24,750,000> $12,375,000 <$12,375,000> Administration & Finance <5,610,000> 2,805,000 <2,805,000> Student Affairs <2,640,000> 1,320,000 <1,320,000> Total <$33,000,000> $16,500,000 <$16,500,000> 7

8 8 Budget & Enrollment Trends

9 2013/14 FTES Target and Projection (p4) 2012/13 FTES Base 2013/14 FTES Base Base Change 2013/14 Total FTES Projected as of Fall Census Over/ (Under) Budget Resident FTES 21,045 21, ,363 22, Percent of CSU Allocation 100% 100% 105% 105.5% 0.5% Non-resident FTES 1,239 1, ,607 1, Total FTES 22,284 22, ,970 24,

10 CSU Allocations Summary (p4) Budget Item CSU SJSU Tuition Fee Rollback $125.0M $9.4M Enrollment Growth 21.7M 6.0M Mandatory costs and Miscellaneous 48.2M 6.1M Compensation Pool 38.0M TBD Innovation/Bottlenecks 10.0M *0.0M Student Access/Success 7.2M *0.0M Total $250.1M $21.5M *Base allocations for removing bottlenecks and student success initiatives will be included in the budget 10

11 Sources & Uses (p7) Sources Uses 2012/13 Unallocated Base $5.5M Enrollment Growth $4.5M CSU Allocations 21.5M Budget Restorations *13.1M Fee Revenues from Additional FTES 3.6M Mandatory Costs/SUG 6.7M Campus Priorities 1.7M Reserve for Enrollment Fluctuations 3.0M Contingency 1.8M Total Sources $30.6M Total Uses $30.6M *An additional $3.4M in SSETF funds was allocated for budget restorations ($16.5M total) 11

12 Budget Restorations by Division 2012/13 Division Reductions & Temporary Relief Temporary Reduction Relief Net Impact Academic Affairs $ (24,750,000) $ 12,375,000 $ (12,375,000) Administration & Finance (5,610,000) 2,805,000 (2,805,000) Student Affairs (2,640,000) 1,320,000 (1,320,000) Total Reductions $ (33,000,000) $ 16,500,000 $ (16,500,000) 2013/14 Division Reductions & Base Restoration Reduction Base Restoration Net Impact Academic Affairs $ (24,750,000) $ 12,375,000 $ (12,375,000) Administration & Finance (5,610,000) 2,805,000 (2,805,000) Student Affairs (2,640,000) 1,320,000 (1,320,000) Total Reductions $ (33,000,000) $ 16,500,000 $ (16,500,000) 12

13 SSETF Allocations (p29) SSETF Revenues Uses: Continue Former IRA and Course Fee Support New Activities and Initiatives Balance/Reserve $19.2M <10.5M> <7.6M> $1.1M 2013/14 SSETF Budget & Allocations: 13

14 2013/14 Base Operating Fund Revenue Budget: $279.3M (p5) Non-Resident Fees 5.2% Other Student Fees 1.2% State Appropriation 39.8% Tuition Fee 52.9% Other Revenues 0.9% 14

15 2013/14 Operating Fund Expenditure Budget: $279.3M (p8) Office of the President 0.6% University Advancement 2.3% Intercollegiate Athletics 2.2% University-Wide 24% Student Affairs 5.8% Academic Affairs 54.3% Administration & Finance 12.8% Without University-wide budgets, Academic Affairs is 70% 15

16 University-Wide Budgets Financial Aid (SUG = $36.1M) $ 38.1M Utilities 10.4M Risk Management & Hazardous Waste 4.2M MLK Security & Maintenance 3.1M Reserve/Contingency/Other 5.9M Total University-Wide $61.7M 16

17 2013/14 SJSU Consolidated Budget - $562 Million (p8) Campus Revenue Funds $ % Other Student Fees $22.5 4% Operating Fund $ % Campus Auxiliaries $ % 17

18 Information & Resources Annual Budget Reports dating back to 2007/08 are available online at: Contact: Budget & Risk Management

19 /14 Budget Presentation to the