Fiscal Year 2012-13Operating Budget

Board of Trustees MeetingJune 7, 2012

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Components of the FY2012-13 Proposed Incremental Budget

• Sourceso New funds for Base Allocations

State Appropriation (COF Stipend and Fee For Service)Tuition Revenue using estimated enrollment

o Fund Balance for Non-Base Allocations Initial estimated prior year fund balance available to distribute

for One-time expenditures o Internal Reallocations

• Useso Summary of Major Allocationso Base and Non-Base Allocations

• Summary of Projected Operating Budget including Auxiliary, Grants and Restricted Funds

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State Support

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Historical Graph Comparison of the State Support and Metro’s State Funded FTES

During Fiscal Years 2008-09, 2009-10, and 2010-11, Institutions of Higher Education received

State Fiscal Stabilization Funds through the Federal Government (ARRA)4

FY2012-13 State SupportCOF Stipend and Fee For Service

Proposed COF stipend rate is $62 per credit hour. Proposed stipend for a full-time student taking 30 credit hours in an academic year is $1,860.

FY11-12 Anticipated Revised FY12-13Final Changes FY11-12 Initial

Budget AS of 5/1/2012 Budget Bugdet ChangePer HB-12-1335 Per HB-12-1335

COF Stipend-Base 31,253,580 (475,123) 30,778,457 31,220,100 441,643Fee For Service (FFS) - Base 5,707,899 475,123 6,183,022 5,761,905 (421,117)

Total 36,961,479 - 36,961,479 36,982,005 20,526

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Enrollment

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FY2012-13 Preliminary Enrollment Projection

Assuming flat enrollment growth, the total estimated enrollment for the fiscal year 2012-13 has been budgeted at 17,347 FTES, which is similar to the estimated enrollment for fiscal year 2011-12:15,889 resident stipend-eligible FTES

(including 33.0 FTE UCD & CCD inter-institutional students taking Metro courses)

889 resident non-stipend FTES569 non-resident FTES

This estimate excludes cash-funded FTEs, including Extended Campus, Accelerated Nursing, and Graduate Programs.

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Tuition

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FY 2012-13 Undergraduate Tuition and Fees Proposed rate increase of 13% or $20.65 per credit hour capped at $2,152.20 for 12 to 18 credit hours

for resident students . The rate increase for Out-of-State students is 9% or $55 per credit hour capped at $7,992.60 for 12 to 18 credit hours.

Metro State has maintained a tuition window between 12 to 18 credit hours, which is essential to ensure accessibility and timely graduation of students.

The table below summarizes the net increase for tuition and fees by semester and academic year.

Proposed Proposed ProposedFY2011-12 FY2012-13 Semester Academic Year

15 Credit Hours 15 Credit Hours Change Change

Resident Tuition 1,904.40 2,152.20 247.80 495.60Student Fees ($4 increase for RTD Pass) 512.46 516.46 4.00 8.00

Total Resident @ 15 Credit Hours 2,416.86 2,668.66 251.80 503.60

Percentage Change 10.40% 10.40%

Out-of-State Tuition (Non-Resident) 7,332.60 7,992.60 660.00 1,320.00Student Fees ($4 increase for RTD Pass) 512.46 516.46 4.00 8.00

Total Out of State@ 15 Credit Hours 7,845.06 8,509.06 664.00 1,328.00

Percentage Change 8.50% 8.50%

Summary of FY 12-13 Tuition and Fee Comparison For Undergraduate Students

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Tuition and Fees Comparison of Colorado Institutions

* For Adams, Colorado Mesa University, and UNC, FY11-12 Fee rates were used because updated information was not available.

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Colorado High School/GED Tuition Rate• The Proposed FY2013 Academic Year tuition rate at 15

hours is comprised of:

– Resident Student Share of Tuition $4,304.40– COF Stipend 1,860.00– Estimated Fee-for-Service/FTES 342.00– Capital Contribution 650.60

Total $7,157.00

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FY2012-13 Proposed Tuition Rates

  Resident Non Resident

Credit Hours

Student Share

COF Stipend

Total Tuition

Colorado High

School/GEDWICHE-

WUE Standard

1 179.35 62.00 241.35 279.86 362.03 666.05

15 2,152.20 930.00 3,082.20 3,578.50 4,623.30 7,992.60

FY2012-13 Tuition Revenue ForecastBased on 13% Tuition Increase for Resident and 9% for Non-Resident Students

with No Enrollment Growth

FY 2011-12 FY 2012-13 FY 2012-13Revised Beginning Anticipated

as of 04/04/12 Budget Changes1 Tuition Revenue 2 Resident3 Student Share of Tuition, Resident $ 76,420,100 86,674,123 10,254,023 4 Non-Resident5 WICHE-WUE and Out of State 6,819,463 7,455,715 636,252 6 Colorado High School/GED 338,453 338,453 7 Total Tuition Revenue $ 83,239,563 94,468,291 11,228,728

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FY2012-13 New Baseand Non- Base Allocations

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Summary of Base Available Funds to Distribute

FY 2011-12 FY 2011-12 FY 2012-13 FY 2012-13Revised Budget Anticipated

Budget Beginning Anticipated

as of 04/04/12 Per HB 12-1335 Budget Changes1 State Support2 College Opportunity Fund (COF Stipend) $ 30,778,457 31,253,580 31,220,100 (33,480)3 Fee For Service (FFS) 4,451,599 5,707,899 5,761,905 54,0064 Total State Support $ 35,230,056 36,961,479 36,982,005 20,52656 Operating Revenue 7 Student Share of Tuition, Resident $ 76,420,100 76,420,100 86,674,123 10,254,023 8 Tuition Non-Resident WICHE-WUE & Out of State 6,819,463 6,819,463 7,455,715 636,252 9 Tuition, Colorado High School/GED 338,453 338,453

10 Other Than Tuition Revenue (OTT) 4,666,785 4,666,785 4,666,785 - 11 Total Tuition and OTT $ 87,906,348 87,906,348 99,135,076 11,228,728 1213 Total Available for Base Allocations $ 123,136,404 124,867,827 136,117,081 11,249,254

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Summary of Base and Non-Base Available Funds For Distribution

FY12-13 Summary of the General Fund and State Appropriated Budget:Non-Base

Base Prior Year Internal New Revenue Fund Balance Reallocation

1 Sources2 Tuition Increases $ 11,228,7283 COF Stipend and Fee For Services 20,5264 Estimated Prior Year Fund Balance 4,900,0005 Existing Budget Reallocation for Specific Projects 716,4006 Available from Indirect Cost Recoveries (ICRs) 190,0007 Available for Distribution Subtotal $ 11,249,254 4,900,000 906,40089 Institutional Reserve (Enrollment Shortfall) 2,055,000

1011 Grand Total FY2012-13 $ 11,249,254 4,900,000 2,961,400

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FY 2012-13 Additional Proposed Expenses

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Non-BaseBase Prior Year Internal

Uses: New Revenue FTE Fund Balance Reallocation1 Institutional Scholarships $ 1,369,3302 AHEC 382,758 300,0003 Library 157,897 165,3754 Bad Debt 210,6665 Land Debt Service (220,000) 360,0006 Faculty Compensation Increases (including Affiliate Faculty and Summer);

Equity Adjustments to 85% of new CUPA 1,608,8807 Post Tenure Review (PTR) 73,2008 Promotions (includes 31 faculty from Asst. to Assoc; and 10 faculty from

Assoc. to Prof.) 224,4809 Affiliate Faculty Base & Non-Base Budget Increase 1,000,000 500,000

10 Administrative Personnel Compensation Increases & Equity Adjustments 477,93511 Fringe Benefit Increases 585,500 356,40012 Five New Faculty Positions 353,045 5.013 Classified Non-Monetary Incentives, & Fringe Benefits 279,980

FY 2012-13 Additional Proposed Expenses - ContinuedNon-Base

Base Prior Year InternalUses: New Revenue FTE Fund Balance Reallocation

14 Additional Staffing Needs: 15 CAVEA Director and Support Staff 164,800 2.016 Provost (Acad. Affairs and Student Services) 2,117,743 35.017 Administration, Finance and Facilities 357,320 4.518 President's Office (W/ Ombudsman) 157,710 3.019 Advancement and External Relations 81,600 1.520 Additional Student Hourly 35,54021 Additional Staffing Needs Subtotal 2,914,7132223 Assessment of Job Descriptions 210,00024 Professional Developments 972,00025 Diversity Initiatives and Awards 235,00026 Other Current Expenses (OCE), Special Initiatives and Projects 434,400 2,727,11727 CAVEA Operations and Marketing 50,00028 One World, One Water (OWOW) 55,53029 General Increase for Rent Expenses 142,00030 Others (including Deferred Compensation) 220,50831 Community Outreach and Branding 190,00032 Enrollment Shortfall/Reserves 718,940 2,055,00033 Total $ 11,249,254 51.0 4,900,000 2,961,400

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Graduate Auxiliary (Cash Funded) Programs

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FY 2012-13 Graduate Tuition Rate ComparisonAn increase of 13% for both resident and non-resident students

The following tables show the net increase for resident students:

Masters of Accountancy Resident - Graduate Tuition and Fees

Proposed Proposed At 15 hours FY 12 FY13 FY12 FY13Tuition $1,904.40 $2,152.20 $3,808.80 $4,304.40Graduate Course Fee $1,995.60 $2,254.80 $3,991.20 $4,509.60Mandatory Fees 512.46 516.46 $1,024.92 $1,032.92Total $4,412.46 $4,923.46 $8,824.92 $9,846.92

$ Change $511.00 $1,022.00% Change 11.58% 11.58%

Semester Academic Year

Masters of Teacher Education and Social WorkResident - Graduate Tuition and Fees

Proposed Proposed At 15 hours FY 12 FY13 FY12 FY13Tuition $3,480.00 $3,932.40 $6,960.00 $7,864.80Mandatory Fees 512.46 516.46 $1,024.92 $1,032.92Total $3,992.46 $4,448.86 $7,984.92 $8,897.72

$ Change $456.40 $912.80% Change 11.43% 11.43%

Semester Academic Year

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Graduate Tuition and Fees ComparisonAt one credit hour (based on available information)

* For the University of Northern Colorado a 5% increase was used but preliminary numbers were between 5% and 20% depending on programs.

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TuitionProgram

FeesTotal

Masters of Social Work:University of Colorado Denver 355.00 130.00 485.00 Colorado State University 466.00 110.00 576.00 University of Northern Colorado* 428.00 - 428.00 Metropolitan State College of Denver 327.70 - 327.70

Masters of Professional Accountancy:University of Colorado Denver 496.00 115.00 611.00 University of Northern Colorado* 467.00 - 467.00 Metropolitan State College of Denver 179.35 187.90 367.25

Masters of Arts and Teaching:University of Colorado Denver 349.00 58.00 407.00 Colorado State University 466.00 - 466.00 University of Northern Colorado* 373.00 - 373.00 Metropolitan State College of Denver 327.70 - 327.70

Total Operating Budget

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FY 2012-13 Projected Auxiliary Funds RevenueAssuming No Enrollment Growth for Undergraduate & 22.78% Increase for Graduate

FY2011 FY2012 FY2013

Actuals Projected Projected

1 $ 3,760,620 3,615,463 3,622,795

2 1,538,226 1,499,247 1,502,882

3 4,555,544 4,074,888 4,406,884 4 5,542,749 5,324,648 5,542,000

5 3,527,251 345,635 -

6 2,004,652 445,830 -

7 3,858,898 3,335,566 3,648,660

8 924,090 1,161,706 1,314,120

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10 70% Fund, Principal & Interest 3,851,239 7,361,827 7,670,015

11 20% Scholarship from Bond Fee 1,539,947 1,751,015 1,834,134

12 10% FF&E from Bond Fee 769,974 875,509 917,067

13 $ 6,161,160 9,988,351 10,421,216 14

15 242,186 1,342,713 2,156,163

16 2,057,513 1,537,204 1,537,204

17 $ 34,172,889 32,671,251 34,151,924

Student Affairs

Athletics

Extended CampusHealth Center

Masters Programs

Other

Total

Information Technology

Internet Fee

Admin Recharge

Accelerated Nursing

Metro Bond Fee

Subtotal Metro Bond Fee

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FY 2012-13 Estimated Total Operating Budget

Federal and State Financial Aid are distributed to students for paying tuition and cost of attendance.

State Appropriation & Tuition - Base $ 136,117,081Auxiliary Funds 34,151,924Restricted Funds (Estimate) Federal Grants including PELL 36,000,000 State Grants including State Financial Aid 11,000,000 Other Gifts, Donations, Private & Local Grants 2,000,000

Subtotal of the Restricted Funds $ 49,000,000

FY2012-13 Total Estimated Operating Budget $ 219,269,005

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Questions

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