CSUF CALIFORNIA STATE UNIVERSITY, FULLERTON

CSUF CALIFORNIA STATE UNIVERSITY, FULLERTON Budget Report Fiscal Year 2014-2015

Table of Contents I. Foreword II. University Resources a. Fiscal Year Budget 1 b. Highlights: 2014-15 Operating Fund Budget 2 c. Operating Fund Revenue Budget, 2013-14 vs. 2014-15 3 d. 2014-15 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. 2014-15 Operating Fund Budget and Actuals 7 h. Other Funds 1. Student Success Initiative 8 2. Lottery 9 i. Self-Support Operations 1. Continuing Education 10 2. Housing 11 3. Parking 12 j. Auxiliary Organizations 1. Auxiliary Services Corporation 13 2. Associated Students i. Associated Students, Inc. 14 ii. Titan Student Center 15 iii. Instructionally Related Activies 16 3. Cal State Fullerton Philanthropic Foundation 17 III. Appendix a. Glossary of Budget Related Terms 18 Division of Administration & Finance

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) 278-2512 (Central line) E-mail: budget@exchange.fullerton.edu Division of Administration & Finance

University Resources Fiscal Year Budget Highlights: 2014-15 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 2014-15 Operating Fund Budget and Actuals Division of Administration & Finance

Fiscal Year Budget Fund / Organization FY 2014-15 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

Highlights: 2014-15 Operating Fund Budget Fiscal year 2014-15 continued the positive financial stability established in 2013-14. Beginning with fiscal year 2013-14, 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 2013-14 (received) 5% increase in 2014-15 (received) 4% increase in 2015-16 (received 9%) 4% increase in 2016-17 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 2014-15. 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 8,339 675 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

Operating Fund Base Revenue Budget 2013-14 vs. 2014-15 Baseline budget increase from FY13-14 to FY14-15 2013/14 Budget 2014/15 Budget Adjustment Percent Change Operating Fund Budget State Allocation $ 130,064,361 $ 144,394,061 $ 14,329,700 11.0% Tuition and Fee Revenues 203,435,193 208,963,874 5,528,681 2.7% $ 333,499,554 $ 353,357,935 $ 19,858,381 6.0% 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

2014-15 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 1,031,535 122,603,669 18,218,149 4,288,340 9,085,881 14,920,884 5,647,211 1,772,652 177,568,322 Benefits 12,000 26,600 78,847,807 78,886,407 OE&E 680,202 11,353,119 2,242,607 309,043 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 $ 353,357,935 73.3% Other Funds Student Success Initiative 994,991 1,060,455 1,587,111 49,691 956,494 4,648,742 1.0% Lottery 1,145,335 63,250 720,452 1,929,037 0.4% Self-Support Operations Continuing Education 38,762,339 38,762,339 8.0% Housing 26,815,575 26,815,575 5.6% Parking 13,073,932 13,073,932 2.7% Auxiliary Organizations Auxiliary Services Corp. 22,855,650 22,855,650 4.7% Associated Students, Inc. 8,530,711 8,530,711 1.8% Titan Student Center 7,947,556 7,947,556 1.6% Instructionally Related Activities 3,598,451 3,598,451 0.7% Cal State Fullerton Philanthropic Foundation 586,305 586,305 0.1% 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 $ 482,106,232 100.0% 2014-15 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

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

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

2014-15 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 491,264 8.00 1,118,636 12.79 1,009,730 23.02 208,265 9.05 235,098 5.25 11,808 1,319,990 672,555 5,067,347 58.11 College of Arts 8,871,855 136.75 326,352 3.08 507,312 4.90 1,689,229 36.74 281,305 9.73 128,120 3.21 29,864 5,425,162 520,142 17,779,341 194.41 College of Communications 6,367,757 102.33 317,714 3.15 431,037 3.96 719,036 15.42 344,385 12.75 8,145 0.17 9 3,579,623 480,970 12,248,677 137.78 College of Education 7,369,834 110.11 455,745 5.32 384,222 3.11 844,787 19.31 154,822 7.38 516,829 11.05 3,755 4,407,574 1,211,936 15,349,505 156.29 College of Eng & Comp Science 5,398,841 73.68 311,430 3.36 359,640 2.71 837,195 16.56 413,039 16.63 213,055 5.44 1,605 3,093,997 1,087,234 11,716,037 118.37 College of Health & Human Dev 12,892,705 217.67 854,353 8.49 320,755 2.55 1,420,120 30.78 432,817 13.92 492,988 11.00 10,558 7,660,687 1,553,886 25,638,869 284.41 College of Humanities & Soc Sc 24,711,152 412.87 1,260,929 13.76 695,939 6.77 1,360,264 34.78 432,457 17.45 470,497 13.94 1,765 13,329,273 1,433,970 43,696,247 499.58 College of Natural Sci & Math 12,049,450 197.65 555,961 5.21 334,784 2.71 2,043,088 41.50 1,562,162 45.89 199,432 4.18 (3,559) 7,366,769 2,373,105 26,481,193 297.14 CSF Irvine Campus 5,068 0.06 305,170 1.86 234,096 5.79 47,169 2.11 49,032 1.13 260,690 105,478 1,006,704 10.96 Deputy Provost 35,654 0.43 61,859 0.82 63,876 1.08 318,730 6.57 17,118 0.72 248,853 99,066 845,156 9.63 Library 500 0.00 313,819 4.35 2,913,270 55.17 446,518 21.07 49,224 1.08 691 1,694,724 2,488,282 7,907,029 81.67 Mihaylo College of Bus & Econ 17,307,127 223.85 811,872 6.25 663,252 5.53 1,387,700 32.58 717,542 32.00 1,145,906 24.46 3,210 9,173,344 2,661,379 33,871,332 324.67 University Extended Education 3,250 0.06 272,490 3.17 471,662 11.05 114,947 5.69 891 400,401 125,044 1,388,685 19.97 VP Academic Affairs 184,045 4.66 1,861,002 18.71 3,109,004 72.81 307,597 13.61 421,522 9.61 1,050 2,869,197 2,151,710 10,905,129 119.39 Total $133,983,388 $225,603,333 $95,688,503 1,488.12 $4,956,215 49.44 $7,631,935 74.20 $18,357,912 402.09 $5,480,143 207.99 $3,929,849 90.54 $61,649 $60,830,286 $16,964,757 $213,901,249 2,312.38 Administration & Finance Administration & Finance 597,487 4.69 401,378 6.83 15,511 0.74 9,764 0.38 503,153 538,274 2,065,567 12.63 Business & Administrative Svcs 1,342,447 14.98 2,941,399 59.33 242,150 12.12 136,732 3.56 7,812 2,256,851 479,833 7,407,223 89.99 Facilities Management 2,135,429 23.11 7,479,593 186.68 143,635 6.58 168,441 5.14 451,188 5,899,842 2,408,819 18,686,947 221.51 Internal Auditor 126,696 1.08 61,695 2,143 190,534 1.08 University Police 57 392,940 3.33 2,206,997 34.80 202,569 9.71 173,116 5.05 189,276 1,735,261 442,048 5,342,265 52.90 Total $20,460,756 $39,140,454 $57 0.00 $0 0.00 $4,594,999 47.19 $13,029,367 287.64 $603,865 29.15 $488,053 14.13 $648,275 $10,456,803 $3,871,117 $33,692,536 378.11 Human Resources Engagmt, Diversty, & Inclusion 534,743 9.93 610,503 17.07 45,180 3.04 88,561 1.99 630,749 395,870 2,305,605 32.03 Operations & Professional Dev 669,265 6.33 851,319 20.94 31,299 1.68 85,311 0.86 10,240 783,606 84,404 2,515,445 29.81 Safety and Risk Management 343,997 3.30 254,970 4.88 48,746 0.44 285,810 39,786 973,310 8.62 Vice President of Human Resrce 459,079 4.07 81,997 2.00 129,806 2.95 306 246,310 76,408 993,906 9.02 Total $4,597,383 $7,677,613 $0 0.00 $0 0.00 $2,007,085 23.63 $1,798,789 44.88 $76,479 4.72 $352,424 6.24 $10,547 $1,946,474 $596,468 $6,788,265 79.48 Information Technology Information Technology 52,799 2.30 1,774,052 17.13 5,865,288 97.50 517,131 25.34 185,999 4.89 1,129 4,006,061 5,526,190 17,928,650 147.15 Total $12,919,358 $18,537,449 $52,799 2.30 $0 0.00 $1,774,052 17.13 $5,865,288 97.50 $517,131 25.34 $185,999 4.89 $1,129 $4,006,061 $5,526,190 $17,928,650 147.15 Office of the President President 921,453 7.58 50,268 1.08 16,837 0.90 45,420 1.08 431,111 646,452 2,111,542 10.65 Total $1,723,737 $2,786,827 $0 0.00 $0 0.00 $921,453 7.58 $50,268 1.08 $16,837 0.90 $45,420 1.08 $0 $431,111 $646,452 $2,111,542 10.65 Student Affairs Associated Students, Inc. 11,143 0.58 0 (1,400) 9,743 0.58 Athletics 1,447,530 26.99 566,066 8.00 901,873 20.55 242,332 12.41 1,089,543 11.56 39,501 1,902,190 417,412 6,606,446 79.51 Student Affairs Sub-Division 3,500 0.44 723,317 5.79 357,227 7.93 1,576 0.12 128,178 1.55 49 541,548 442,182 2,197,577 15.83 Student Engagement 16,500 0.50 462,535 5.52 762,439 18.39 42,437 2.03 75,519 2.06 692,857 123,829 2,176,115 28.50 Student Retention 1,091,296 17.17 1,133,875 12.95 5,532,984 104.00 1,006,307 41.45 922,864 19.23 2,719 4,650,790 1,032,525 15,373,360 194.79 Student Transitions (48,228) (0.50) 361,725 3.92 1,646,530 38.06 274,993 13.53 124,046 3.56 3,432 1,095,923 529,044 3,987,466 58.57 Total $18,394,961 $33,290,271 $2,510,598 44.60 $0 0.00 $3,247,517 36.17 $9,201,053 188.93 $1,578,788 70.12 $2,340,150 37.96 $45,702 $8,883,307 $2,543,593 $30,350,708 377.78 University Advancement Advancement 322,512 2.17 33,706 0.72 22,540 1.15 18,200 0.35 150,627 153,973 701,558 4.39 Advancement Operations 193,692 2.25 185,829 4.30 6,523 0.34 (5,085) 0.83 144 211,436 459,582 1,052,121 7.72 Alumni Relations 128,446 1.59 204,831 4.45 30,177 1.43 22,257 0.49 189,455 44,684 619,850 7.95 Central Development 6,500 0.05 987,745 11.98 453,692 12.06 61,779 3.13 1,868 739,138 849,119 3,099,841 27.22 College & Campaign Development 539,509 5.78 278,078 8.42 0.00 5,780 0.12 638 420,597 129,509 1,374,112 14.32 Government Relations 264,792 3.25 46,356 1.08 3,254 0.17 1,560 0.05 159,450 125,917 601,329 4.56 Strategic Communications 555,444 6.56 872,859 17.11 8,136 0.31 693,980 770,393 2,900,812 23.98 Total $6,695,658 $11,901,238 $6,500 0.05 $0 0.00 $2,992,141 33.57 $2,075,350 48.14 $132,408 6.53 $42,713 1.83 $2,650 $2,564,684 $2,533,178 $10,349,623 90.13 University-Wide All Univ-Gen Admin Svcs 334,610 334,610 0.00 All Univ-Maintenance & Repair 270,972 270,972 0.00 Capital Projects Operations 1,970,555 1,970,555 0.00 Child Care Subsidy 112,811 112,811 0.00 Classroom Refurbishment 660,398 660,398 0.00 Commencement VPUA 175 0.01 534 0.04 8 595,784 596,501 0.05 CSUF Risk Pool (128,550) 4,013,402 3,884,852 0.00 Deferred Maintenance 89,424 1.00 37,129 667,219 793,771 1.00 Energy Conservation Fund 713,383 713,383 0.00 Instructional Facilities 2,496,204 2,496,204 0.00 IRA-Assoc. Students 5,958 5,958 0.00 Miscellaneous (1,332) 914,020 912,688 0.00 Other Events 15,875 0.72 32 5,153 21,060 0.72 Physical Plant-Projects & Program 1,349,523 1,349,523 0.00 Space Rental 7,318,185 7,318,185 0.00 Univ Grant and Scholarships 52,842,698 52,842,698 0.00 University Counsel 145,092 1.08 50,552 1.08 89,332 3,885 288,861 2.16 Utilities and Energy 0.08 665,489 11.77 92,522 415,294 1,036,781 2,210,085 11.85 Utilities-Commodity 5,901,732 5,901,732 0.00 Utilities-Hazardous Waste Remv 6,750 0.08 171,396 3.00 64,328 2.70 102,046 333,931 678,451 5.78 VPAF Utility Projects & Program 604,605 604,605 0.00 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) $0 0.00 ($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 1,534.91 $4,956,215 49.44 $22,447,052 233.25 $48,780,050 1,048.94 $8,293,681 339.29 $7,191,536 152.03 $728,570 $87,730,857 $113,443,804 $391,824,566 3,357.86 Total FTE Division of Administration & Finance 7

Other Funds Student Success Initiative Lottery Division of Administration & Finance

Student Success Initiative 2014-15 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

Lottery Fund 2014-15 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

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

Continuing Education 2014-15 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

Housing 2014-15 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 948 37,454 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

Parking 2014-15 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

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

Auxiliary Services Corporation 2014-15 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

Associated Students 2014-15 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

Titan Student Center 2014-15 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

Instructionally Related Activities 2014-15 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

Cal State Fullerton Philanthropic Foundation 2014-15 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

Appendix Glossary of Budget Related Terms Division of Administration & Finance

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