2013-15 biennium budget final€¦ · 2013-15 biennium budget 2013-15 operating & capital...
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2013-15 Biennium Budget
2013-15 Operating & Capital BudgetBoard of Trustees Meeting - July 9, 2013
1
State Budget Biennial Overview
Eastern’s State Funding Senate Proposal
House Proposal
ConferenceBudget
Current State Funding, 2011-13 Biennium $68,089,000 $68,089,000 $68,089,000
Increase in Maintenance Level 5,165,000 5,165,000 4,733,000
New Institutional Funding 1,610,000 0 5,509,000
Maintenance and Operations for Patterson Hall 262,000 0 432,000
Administrative Efficiencies (346,000) 0 0
Performance Funding 260,000 0 0
Improve Graduation Rates 0 384,000 0
New Funding Level, 2013-15 Biennium $75,040,000 $73,638,000 $78,763,000
2
GF-State Funding per FTE Student
$5,635$5,779
$6,447
$6,119
$5,693
$4,937
$3,926 $3,870
$4,518 $4,500
$3,500$3,750$4,000$4,250$4,500$4,750$5,000$5,250$5,500$5,750$6,000$6,250$6,500$6,750
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: Data based on GFS allocations and OFM budgeted state enrollments.2014 & 2015 projections based on estimated maintenance level budget and enrollment at 8,734
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Tuition & Fees
4
2013-15 Tuition, Fees, and Student Impact
• Tuition Rate Increases– FY2014 tuition rates legislatively set at 0% increase for
resident undergraduates and EWU retains the ability to increase rates for all other categories
– For the second year of the biennium, there are no tuition restrictions.
• Mandatory Fees• Housing and Dining Rates• Resident Undergraduate Cost of Education
5
FY2014 and FY2015 Tuition & Fee Increases
FY2014 FY2015
Tuition - Resident Undergraduate 0% 6%
Tuition - Resident Graduate 7% 6%
Tuition - Nonresident Undergraduate 7% 6%
Tuition - Nonresident Graduate 7% 6%
Service & Activity Fees 0% TBD
Housing & Dining Rates 7.2% 6.9%
Mandatory Fee –Comprehensive Health and Wellness
4.65% 4.72%
Differential Tuition –Communication Disorders
$400 per semester $400 per semester
6
CategoryCurrent
Quarterly Tuition Rates
0% RU, 7% Other
increase -Quarterly
Rate
Annual Rate
Resident Undergraduate $2,457 $2,457 $0 $7,372
Resident Graduate $3,233 $3,445 $10,335
NonresidentUndergraduate $6,039 $6,447 $19,341
Nonresident Graduate $7,484 $7,994 $23,982
Student Impact2014 Tuition Rates - 0% RU, 7% Other
$212
$408
$510
$
$510
7
Category
Current Quarterly
Tuition Rates
6% increaseQuarterly
Rate
AnnualRate
Resident Undergraduate $2,457 $2,604 $7,812
Resident Graduate $3,445 $3,652 $10,956
NonresidentUndergraduate $6,447 $6,834 $20,502
Nonresident Graduate $7,994 $8,474 $25,422
Student Impact2015 Tuition Rates - 6%
$147
$207
$387
$
$480
8
Actual rates may be lower based on FY2015 S&A Fee rate
FY2014 & FY2015 Mandatory FeesQuarterly
Category FY2013 Fees
FY2014 Fees
FY2015 Fees
Technology Fee $35.00 $35.00 $35.00
Transportation Fee 6.50 12.00 15.00
Recreation Center Fee 65.00 65.00 65.00
Comprehensive Health & Wellness Fee 80.60 84.34 88.33
Total Fees $187.10 $196.34 $203.33
All categories of students pay the same level of mandatory fees.
9
FY2013 Average Quarterly
Rate
FY2014 Average Quarterly
Rate
FY 2014Annual
Rate
FY2015 Average Quarterly
Rate
FY2015 Annual
Rate
Double Room/Gold Meal Plan $2,803 $3,005 $9,015 $3,211 $9,633
Single Room/Gold Meal Plan $3,103 $3,305 $9,915 $3,511 $10,533
Housing and Dining Rates
$202
$202
$206
* Average increase over prior year 7.2% 6.9%
$ $
The rates were approved as part of the bond issuance process for the new residence hall project.
$206
10
Resident Undergraduate Cost of Education
Cost of Education
FY2013 FY2014 FY2015 Tuition $7,372 $7,372 $7,812
Mandatory Fees 561 589 610
Course Fees 150 150 150
Books & Supplies 1,050 1,050 1,050
Educational Cost $9,133 $9,161 $9,622
11
Operating Budget
12
FY2014 FY2015 2013-15Education and General
General Fund State $31,674,000 $31,619,000 $63,293,000
Education Legacy Trust 7,790,000 7,680,000 15,470,000
Tuition Operating Fees 64,858,000 69,648,000 134,506,000
Recharges 3,658,496 3,658,496 7,316,992
Dedicated local Funds 40,943,509 44,345,821 85,289,330
Service Funds 3,612,519 3,637,960 7,250,479
Total Education and General $152,536,524 $160,589,277 $313,125,801
Auxiliary Enterprises 40,770,758 42,115,635 82,886,393
Scholarships & Fellowships 40,500,000 41,350,000 81,850,000
Sponsored programs 11,135,000 11,135,000 22,270,000
2013-15 Operating Revenues $244,942,282 $255,189,912 $500,132,194
2013-15 University Operating BudgetRevenues- All Funds
13
FY2014 FY2015 2013-15Education and General
General Fund State $31,674,000 $31,619,000 $63,293,000
Education Legacy Trust 7,790,000 7,680,000 15,470,000
Tuition Operating Fees 64,858,000 69,648,000 134,506,000
Recharges 3,658,496 3,658,496 7,316,992
Dedicated local Funds 42,696,252 43,440,484 86,136,736
Service Funds 3,669,017 3,668,534 7,337,551
Total Education and General $154,345,765 $159,714,514 $314,060,279
Auxiliary Enterprises 39,464,348 40,166,588 79,630,936
Scholarships & Fellowships 40,500,000 41,350,000 81,850,000
Sponsored programs 11,135,000 11,135,000 22,270,000
2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215
2013 Estimated Additional Revenue $1,500,000
2013-15 University Operating BudgetExpenditures- All Funds
14
2013-15 Operating (Tuition) Fee Assumptions
FY2014 FY2015Budgeted FTES – state supported 10,270 10,427Enrollment Growth from prior year 1.5% 1.5%Tuition Increase-Resident Undergraduate 0% 6%Tuition Increase-Nonresident Undergraduate 7% 6%Tuition Increase-Graduate 7% 6%EWU Financial Aid 4% 5%
15
2013-15 Operating (Tuition) Fee Revenue
FY2014 FY2015 2013-15
Gross Operating (Tuition) Fee Revenue $80,308,777 $86,059,093 $166,367,870
Less: Tuition Waivers (12,318,608) (12,318,608) (24,637,216)
EWU Grant (2,690,967) (3,651,224) (6,342,191)
Uncollectible Allowance (716,000) (716,000) (1,432,000)
Plus: Interest Income 275,000 275,000 550,000
Net Operating (Tuition) Fee Revenue $64,858,000 $69,648,000 $134,506,000
Additional Tuition Revenue $3,418,000 $4,790,000 $8,208,000
16
Total State Funding and Operating (Tuition) Fees
(Ledger 1)
FY2014 FY2015 2013-15 Total
General Fund State $31,674,000 $31,619,000 $63,293,000
Education Legacy Trust Fund 7,790,000 7,680,000 15,470,000
Operating (Tuition) Fees 64,858,000 69,648,000 134,506,000
Recharges 3,658,496 3,658,496 7,316,992
Total $107,980,496 $112,605,496 $220,585,992
17
Use of New Revenue
• In support of Strategic Plan• Major investment is in relation to student success,
including emerging enrollment needs• New Faculty Positions – $1,716,000• Restoring the classified staff – $531,000 (9 FTE)• Infrastructure: fixed costs and maintenance of campus
facilities – $47,000• Investment in Information Technology – $333,000• Investment in visibility – $155,000• Capital investment due to declining capital budget• Employee compensation
18
Local Dedicated Fund by Executive Level(Ledger 2)
FY2014 FY2015
Revenue Expenditure Net Transfers
Change in Fund
Balance
Revenue Expenditure Net Transfers
Change in Fund
Balance
President $0 $30,000 $72,530 $42,530 $0 $30,000 $75,950 $45,950
Academic Affairs 28,925,661 29,271,970 (517,530) (863,839) 31,882,702 29,973,156 (420,950) 1,488,596
Business & Finance 6,719,232 7,677,191 (163,300) (1,121,259) 7,028,118 7,905,527 (163,300) (1,040,709)
Student Affairs 4,118,200 4,463,326 0 (345,126) 4,230,300 4,475,826 0 (245,526)
Advancement 6,900 6,900 0 0 6,900 6,900 0 0
OIT 1,173,516 1,246,865 0 (73,349) 1,197,801 1,049,075 0 148,726
University Total $40,943,509 $42,696,252 ($608,300) ($2,361,043) $44,345,821 $43,440,484 ($508,300) $397,037
• The dedicated local fund provides educational programs which support the mission of the university but that are not directly funded by the Washington State Legislature.
• Programs in this fund include Running Start, Summer Session, International Field Studies, Study Abroad, course fees and other continuing education courses.
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Student Technology Fee
Student Technology Fee- fundwithin Ledger 2 group
FY2013Projected
FY2014Budget
FY2015Budget
Revenues $1,116,000 $1,120,000 $1,145,000
Expenses $1,218,000 $1,297,000 TBD
• Student Technology Fee is $35 per quarter• All students taking 6 or more credits are assessed the full student technology fee• Allocation of resources is recommended by the Student Technology Fee Committee• Fee funds general and open access student computing labs replacement and renewal of
equipment and operations, key technology services such as student email and other web services.
• Annual replacement of 250-350 computers along with software, printers, storage, servers• Software renewal• Investment in the storage area network • New investments in library technology, digital signage, universal access software, and recording
studio
20
FY2013-15 Service Funds Budgets(Ledger 3)
FY2014 FY2015Revenue/
RechargesExpenditures/
Deductions
Change in Fund
Balance
Revenue/Recharges
Expenditures/Deductions
Change in Fund
Balance
Printing $480,710 $515,846 ($35,136) $480,709 $515,846 ($35,137)
Workforce Construction 1,540,000 1,694,490 (154,490) 1,575,000 1,697,490 (122,490)
Telecommunications 1,136,809 1,003,681 133,128 1,127,251 1,000,198 127,053
Motor Pool 455,000 455,000 0 455,000 455,000 0
Service Funds Total $3,612,519 $3,669,017 ($56,498) $3,637,960 $3,668,534 ($30,574)
• Service funds provide goods and services to other university units.• The funds finance their own asset renewal and replacement• Budget gaps may be mitigated with cash reserves
21
FY 2013-15 Auxiliary Funds Budgets(Ledger 3)
FY2014 FY2015Revenue/Additions
Expenditures/Deductions
Change in Fund
Balance
Revenue/Additions
Expenditures/Deductions
Change in Fund
Balance
Housing & Dining $19,997,146 $18,140,520 $1,856,626 $21,076,595 $18,879,426 $2,197,169
S&A Fee Fund (net of Housing debt and financial aid)
8,629,048 9,202,964 (573,916) 8,883,126 9,216,501 (333,375)
Recreation Center Fees 213,000 218,800 (5,800) 213,000 218,800 (5,800)
Intercollegiate Athletics 5,019,800 4,984,075 35,725 4,685,300 4,649,575 35,725
Bookstore 5,191,000 5,142,638 48,362 5,446,850 5,327,591 119,259
Pence Union Building 967,764 1,022,130 (54,366) 967,764 1,041,474 (73,710)
Parking 753,000 753,221 (221) 843,000 833,221 9,779
Auxiliary Funds Total $40,770,758 $39,464,348 $1,306,410 $42,115,635 $40,166,588 $1,949,047
These funds finance their own asset renewal and replacement
22
Student Service and Activity Fee Fund
Sources FY2014FY2015
allocations considered by SA Fee Committee
in Spring 2014
S&A Fees (part of tuition) $6,624,796 $6,738,867
Recreation Center Fee 2,200,000 2,200,000
Transportation Fee 465,000 609,000
Clubs (use of activity generated revenue) 205,900 205,900
Total Revenues $9,495,696 $9,753,767
23
Student Service and Activity Fee
Uses: As Recommended by Student Service and Activity Fee Committee
FY2014FY2015
allocations to be considered by SA Fee
Committee in Spring 2014
Debt Payments $2,928,718 $2,930,218
S&A Fee Allocation 2,841,939 2,795,972
PUB renewal and replacement 150,000 150,000
Transportation Contract 465,000 609,000
Transfer to Athletics 2,256,000 2,256,000
Financial Aid, Admin Cost 477,055 486,552
Clubs (use of activity generated revenue and reserve) 205,900 205,900
URC equipment replacement and facility improvements 745,000 653,500
Total Uses $10,069,612 $10,087,142
24
Scholarships and Fellowships
FY2013Projected
FY2014Budget
FY2015Budget
Federal Financial Aid Grants (includes Pell grant and the Supplemental Educational Opportunity Grant – SEOG)
$19,450,000 $20,000,000 $20,000,000
State Financial Aid Grants (includes State Need Grant)
15,619,000 16,500,000 17,000,000
EWU Financial Aid Grants(includes EWU grant, endowed scholarships and license plate)
2,916,000 3,200,000 3,500,000
Private Financial Aid Grants (foundation endowed scholarships)
750,000 800,000 850,000
Total $38,735,000 $40,500,000 $41,350,000
• Scholarships and Fellowships include funds for student aid programs, some federal and state aid programs and privately endowed scholarships.
• Funding levels assumed to remain relatively flat year-to-year.• Total increases driven by assumed enrollment growth rates.
25
Sponsored Programs (Grants & Contracts)(Ledger 5)
FY2013Projected
FY2014Budget
FY2015Budget
Federal Research $4,327,000 $3,980,000 $3,980,000
State Research 2,292,000 3,010,000 3,010,000
Local Research 1,958,000 2,015,000 2,015,000
Private Research 2,269,000 2,130,000 2,130,000
Total $10,846,000 $11,135,000 $11,135,000
Funding and contracts are dependent on state and federal agency funding levels as well as the ability of local governmental and private agencies need for contracted services..
26
2013-15 University Operating BudgetExpenditures- All Funds
27
FY2014 FY2015 2013-15Education and General
General Fund State $31,674,000 $31,619,000 $63,293,000
Education Legacy Trust 7,790,000 7,680,000 15,470,000
Tuition Operating Fees 64,858,000 69,648,000 134,506,000
Recharges 3,658,496 3,658,496 7,316,992
Dedicated local Funds 42,696,252 43,440,484 86,136,736
Service Funds 3,669,017 3,668,534 7,337,551
Total Education and General $154,345,765 $159,714,514 $314,060,279
Auxiliary Enterprises 39,464,348 40,166,588 79,630,936
Scholarships & Fellowships 40,500,000 41,350,000 81,850,000
Sponsored programs 11,135,000 11,135,000 22,270,000
2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215
2013 Estimated Additional Revenue $1,500,000
ReappropriationsNew Appropriations
Local Capital
28
Capital Budget
2013-15 Capital Budget
2013-15 Biennium
State Capital
Reappropriation $20,859,000
New Appropriation 18,345,000
Total State Capital $39,204,000
Local Capital 4,396,730
2013-15 Capital Budget $43,600,730
29
Capital Budget – Reappropriations
Reappropriations2013-15
Patterson Hall Phase 2 $13,885,000
Minor Works Preservation - 057 1,320,000
Minor Works Preservation - 061 5,654,000
Total Reappropriations $20,859,000
30
Capital Budget – New Appropriations
New Appropriations2013-15
Upgrade/Repair Water System – 057 $5,508,000
Upgrade/Repair Water System – 061 $1,770,000
University Science Center, Science 2 350,000
Minor Works Preservation – 057 1,434,000
Minor Works Preservation – 061 7,066,000
Preventive Maintenance and Bldg System Repairs (operating to capital shift)
2,217,000
Total New Appropriations $18,345,000
31
2013-15 Capital Budget – Local Capital
Local Capital 2013-15 FY2014 FY2015 2013-15
PUB Remodeling $117,868 $75,000 $192,868
Housing Renewal and Replacement 600,000 750,000 1,350,000
Dining Renewal and Replacement 150,000 275,000 425,000
H&D 2012 Bond Proceeds (balance) 960,362 0 960,362
EWU Recreation Center 745,000 653,500 1,398,500
Parking Lot Repair and Maintenance 0 70,000 70,000
Total $2,573,230 $1,823,500 $4,396,730
32
Board Action for 2013-15 Operating & Capital
Budget
33
2013-15 University Operating BudgetFor action by the Board of Trustees:
34
FY2014 FY2015 2013-15Education and General
General Fund State $31,674,000 $31,619,000 $63,293,000
Education Legacy Trust 7,790,000 7,680,000 15,470,000
Tuition Operating Fees 64,858,000 69,648,000 134,506,000
Recharges 3,658,496 3,658,496 7,316,992
Dedicated local Funds 42,696,252 43,440,484 86,136,736
Service Funds 3,669,017 3,668,534 7,337,551
Total Education and General $154,345,765 $159,714,514 $314,060,279
Auxiliary Enterprises 39,464,348 40,166,588 79,630,936
Scholarships & Fellowships 40,500,000 41,350,000 81,850,000
Sponsored programs 11,135,000 11,135,000 22,270,000
2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215
2013 Estimated Additional Revenue $1,500,000
2013-15 Tuition & Fee IncreasesFor action by the Board of Trustees:
35
FY2014 FY2015
Tuition - Resident Undergraduate 0% 6%
Tuition - Resident Graduate 7% 6%
Tuition - Nonresident Undergraduate 7% 6%
Tuition - Nonresident Graduate 7% 6%
Service & Activity Fees 0% TBD
Housing & Dining Rates 7.2% 6.9%
Mandatory Fee –Comprehensive Health and Wellness
4.65% 4.72%
Differential Tuition –Communication Disorders
$400 per semester $400 per semester
2013-15 Capital BudgetFor action by the Board of Trustees:
36
2013-15 Biennium
State Capital
Reappropriation $20,859,000
New Appropriation 18,345,000
Total State Capital $39,204,000
Local Capital 4,396,730
2013-15 Capital Budget $43,600,730
37
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