Revenue Projection ($000) FY2016 (Actuals) FY2017 (Projection) Billed Collected Coll. Rate Billed Collected Coll. Rate Tuition and Fees Fall 22,359.54 20,968.31 94% 22,016.06 20,646.66 94% Winter - 0% 0% Spring 22,009.34 20,561.02 93% 21,729.65 20,299.84 93% Summer 2015 ¹ 437.04 383.61 88% Summer 2016 1,019.77 429.33 42% 437.00 384.00 88% Summer 2017 1,020.00 429.00 42% Total Tuition and Fees 45,825.69 42,342.27 92% 45,202.71 41,759.50 92% Other Cash and Adjustments Prior Year Collections 1,759.70 1,759.70 Other 1: Enter Description Here Other 2: Enter Description Here Other 3: Enter Description Here Other 4: Enter Description Here Other 5: Enter Description Here Other 6: Enter Description Here Subtotal Other 0.00 0.00 Total Other Cash and Adjustments 1,759.70 1,759.70 Total 44,101.97 43,519.20 Allocation Revenue Target 43,819.58 Honors College Waiver Adjustment Adjusted Revenue Target 44,819.58 43,819.58 O/(U) Revenue Target (717.61) (300.38) Actual Cash Collected 44,101.97 Notes ¹ Assumes a 30/70 split between Summer 2015 and Summer 2016 I - Revenue
Multi-Year Spending Plan ($000) FY2016 FY2017 FY2018 FY2019 Projected Annual FTE Enrollment 7,934 7,822 7,629 7,631 Resources Current Tax Levy Allocation - see note 1 82,431.45 80,482.21 80,482.21 80,482.21 Prior Year CUTRA / Reserve Balance 1,870.16 1,870.16 1,870.16 1,683.33 Revenue Surplus/(Shortfall) (717.61) (300.38) (1,310.90) (1,314.16) Revenue Impact of Enrollment Changes 241.88 (617.78) Other Tax Levy Funds (Tables IIIa & IIIb) 4,399.95 4,034.15 3,577.37 Other Non Tax Levy Funds (Table IIIc) 0.00 0.00 0.00 Prior Year Adjustment - see note 2 (183.84) Compact Philanthropy - see note 3 2,162.62 2,162.62 2,162.62 Total Resources 83,400.16 88,614.56 87,480.12 85,973.59 Tax-Levy Expenditures PS Regular for current staff - total payroll costs 58,192.27 58,192.27 58,192.27 PS Regular for planned hires in current FY - see note 4 1,232.00 1,232.00 1,232.00 PS Regular for planned hires in FY2017 0.00 PS Regular for planned hires in FY2018 PS Regular annualization of staff changes 858.00 858.00 PS Regular Overtime 1,711.00 1,571.00 1,371.00 Total PS Regular 58,745.45 61,135.27 61,853.27 61,653.27 Adjuncts 9,184.33 9,310.00 9,000.00 9,000.00 Temporary Service 4,892.36 5,262.00 4,992.00 4,732.00 OTPS - see note 5 7,145.62 8,144.90 7,788.90 7,561.90 Prior Year Adjustment - see note 2 1,562.24 Total Tax-Levy Expenditures 81,530.00 83,852.17 83,634.17 82,947.17 Adj amount needed for line 21 to match UBO's year-end report Projected PS costs do not reflect the impact of general wage increases. Decrease related to reduction in OT needed for ASAP construct. Approximately $1.6 million of the increase is attributable to ASAP In FY18, will need to reduce spending on Adjuncts, Temps & possibly FT positions to offset reduction in resources Incl. $582.90 (FY17) & $226.78 (FY18) for ASAP Construction Adj to reconcile OTPS & record one-time construction expense Compact Philanthropy Expenditures - see note 6 PS Regular 0.00 0.00 Adjuncts 0.00 0.00 Temporary Service 500.00 500.00 500.00 OTPS 1,662.62 1,662.62 1,662.62 Total Compact Philanthropy Expenditures 0.00 2,162.62 2,162.62 2,162.62 Total Projected Expenditures 81,530.00 86,014.79 85,796.79 85,109.79 Projected Year-End Balance 1,870.16 2,599.77 1,683.33 863.80 Adjusted Year-End Balance - see note 7 1,870.16 1,870.16 1,683.33 863.80 Year-End Balance Within Range? - see note 8 Y Y Y Y Resources Underexpenditure? Y Y Y Y Notes 1. FY2016 tax-levy allocation through allocation #7 (fund 10 and 11); FY2017 uses initial tax-levy allocation but must be replaced with revised initial allocation with lump sums when available 2. Enter any adjustment to prior year resources or expenditures if the pre-populated values differ from your estimates. Use the comments field to explain the difference 3. Total Philanthropy for FY2007, FY2008, FY2010, FY2012, FY2013, FY2014, FY2015 and FY2016 4. It is assumed that new hires continue in the outer years at the same rate. Use row 28 to make any adjustments 5. Expenditures for University Wide Initiatives should not be included 6.Compact Philanthropy Resources must equal Expenditures 7. Year-End balance has been capped to 3% of total tax levy allocations and revenue overcollections for FY2016 and 4% for FY2017-19. Underexpenditures are not rolled over to following year. This is a preliminary number and subject to change 8. Year-End balance range is from 1% of total tax levy allocations and revenue overcollections to 3% for FY2016 and 4% for FY2017-19 II - Multi-Year Plan
Anticipated Additional Funds ($000) To be used to offset Tax-Levy Expenditures Table IIIa - Recurring Additional Tax-Levy Funds Source FY2017 FY2018 FY2019 Adjunct Professional Hour Fall 284.00 284.00 284.00 Adjunct Professional Hour Spring 316.00 316.00 316.00 Diversity Project Development Funds ETI - University Wide initiatives (enter negative amount) Faculty Fellowship Publications Library Matching Funds PSC Reassigned Time 496.00 496.00 496.00 Sabbatical/Fellowship Leave Support 267.00 267.00 267.00 Untenured Faculty Reassigned Time Public Safety OT 37.00 37.00 37.00 Amounts in this section are based on historical trends and do not reflect the impact of the FY17 general wage increases. Total Recurring Additional Tax-Levy Funds 1,400.00 1,400.00 1,400.00 III - Anticipated Funds
Anticipated Additional Funds ($000) To be used to offset Tax-Levy Expenditures Table IIIb - Anticipated Additional Tax-Levy Funds (*) BMI 143.20 143.20 143.20 ASAP Construction 822.58 456.78 0.00 College Discovery 665.42 665.42 665.42 CUE 311.82 311.82 311.82 STEM Scholars 112.00 112.00 112.00 STEM Tuition Waivers 654.44 654.44 654.44 Testing 249.66 249.66 249.66 NYC Men Teach 40.83 40.83 40.83 Based on prior year/historical trends Per allocation #2 Per award letter Remaining balance per award letter Per allocation #2 Per award letter Based on prior year/historical trends Per UBO notification Total Anticipated Additional Tax-Levy Funds 2,999.95 2,634.15 2,177.37 (*) Backup is required before funding is provided. Table IIIc - Anticipated Additional Non-Tax Levy Funds III - Anticipated Funds
Anticipated Additional Funds ($000) To be used to offset Tax-Levy Expenditures Total Anticipated Additional Non-Tax Levy Funds 0.00 0.00 0.00 Grand Total Anticipated Additional Funds 4,399.95 4,034.15 3,577.37 III - Anticipated Funds
FY2017 Monthly Hiring Plan Doctoral Teaching Non-Teaching Doctoral Faculty Paid By Graduate Center Faculty Support Paid By Graduate Center Total July month end 296 563 859 August month end 296 563 859 September month end 302 567 869 October month end 302 568 870 November month end 302 570 872 December month end 302 571 873 January month end 306 573 879 February month end 306 575 881 March month end 306 577 883 April month end 306 579 885 May month end 306 581 887 June month end 306 583 889 IV - Monthly Hiring Plan
Multi-Year Hiring Plan Tax-Levy Positions Only as of end of August 2016 FY2017 FY2018 FY2019 Estimated Estimated Estimated Change in Projected Year- End Balance Change in Projected Year- End Balance Change in Projected Year- End Balance Teaching 296 10 306 306 306 Doctoral Faculty Paid by Graduate Center 0 0 0 Faculty Support Paid by Graduate Center 0 0 0 I&DR Support 122 2 124 124 124 Total I&DR 418 12 430 0 430 0 430 PSC/ECP 37 37 37 37 Other 13 13 13 13 Total Academic Support Services 50 0 50 0 50 0 50 PSC/ECP 49 2 51 51 51 Other 28 2 30 30 30 Total Student Services 77 4 81 0 81 0 81 PSC/ECP 0 0 0 Other 115 4 119 119 119 Total Maintenance & Operations 115 4 119 0 119 0 119 PSC/ECP 36 3 39 39 39 Other 28 1 29 29 29 Total General Administration 64 4 68 0 68 0 68 PSC/ECP 17 3 20 20 20 Other 112 3 115 115 115 Total General Institutional Services 129 6 135 0 135 0 135 PSC/ECP 53 6 59 0 59 0 59 Other 255 8 263 0 263 0 263 Total Institutional Support Services 308 14 322 0 322 0 322 PSC/ECP 0 0 0 Other 6 6 6 6 Total SEEK / College Discovery 6 0 6 0 6 0 6 PSC/ECP 0 0 0 Other 0 0 0 Total Other 0 0 0 0 0 0 0 I&DR Teaching 296 10 306 0 306 0 306 I&DR Teaching - Doctoral Faculty 0 0 0 0 0 0 0 I&DR Teaching - Doctoral Faculty Support 0 0 0 0 0 0 0 I&DR Support 122 2 124 0 124 0 124 PSC/ECP 139 8 147 0 147 0 147 Other 302 10 312 0 312 0 312 Grand Total 859 30 889 0 889 0 889 V - Multi-Year Hiring Plan
Fund Code 11 Projected Expenditures ($000) For Community Colleges Only Expenditures Estimated Allocation / Revenue PS Regular PS Adjunct PS Temp Total PS OTPS Fringes² Total Total Adult Continuing Education¹ 105.00 60.08 165.08 152.46 21.46 339.00 398.33 EOC 1,990.03 1,990.03 1,359.81 1,014.92 4,364.76 4,364.76 Language Immersion 0.00 0.00 0.00 Non Miscelaneous Income 0.00 0.00 0.00 State Categorical 0.00 306.44 0.00 306.44 306.44 Technology Fee 222.95 222.95 2,019.07 28.98 2,271.00 2,271.00 Additional Non Tax-Levy Funds 0.00 0.00 0.00 Total 1,990.03 105.00 283.03 2,378.06 3,837.78 1,065.36 7,281.20 7,340.53 Notes ¹ ACE Revenue should be 117.5% of total ACE Expenditures ² Only applies to ACE, EOC and Technology Fee VI - Fund Code 11