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FY2007 Budget Update BFA March 2, 2006

FY2007 Budget Update BFA March 2, 2006. University of Colorado at Boulder. FY2007 Undergraduate Enrollment Assumptions. Non-resident applications up from prior year, resident applications steady

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FY2007 Budget Update BFA March 2, 2006

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  1. FY2007 Budget UpdateBFA March 2, 2006 University of Colorado at Boulder

  2. FY2007 Undergraduate Enrollment Assumptions • Non-resident applications up from prior year, resident applications steady • However, smaller freshmen classes and lower percent of non-resident mix cause continued decline in overall student enrollment and mix • Fall 2002 (freshmen HC) 5,391 44% NRes • Fall 2003 5,571 44% NRes • Fall 2004 5,138 42% NRes • Fall 2005 5,007 38% NRes • Proj. Fall 2006 5,025 40% NRes • Financial Impact • Anticipated enrollment-related tuition / COF revenue loss from FY06 to FY07 = $10M

  3. 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 3 4 5 6 7 Non-Resident Cumulative Freshman Applications by Week Xmas Cum Apps Late Nov Ap deadline Feb 15 for '02 (week 21); Jan. 15 for '03-'06 (wk 16-17). 02 03 04 05 06 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Week Number

  4. 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 3 4 5 Resident Cumulative Freshman Applications Xmas Cum Apps Late Nov Ap deadline Feb 15 for '02 (week 21); Jan. 15 for '03-'06 (wk 16-17). 02 03 04 05 06 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Week Number

  5. Non-Resident Freshman Confirms as Percentage of Admits, by Week

  6. Resident Freshman Confirms as Percentage of Admits, by Week

  7. Non-resident Recruitment Efforts • Implemented flat tuition plan for incoming students • Chancellor’s Merit Scholarship (top 25%) • National Council Tour – added Spring sessions • Student-for-a-day programs • Deans, department chairs, and current students contacting admitted students • Prospective Student Portal implemented • Housing “super-singles” and new dining options

  8. Fall Enrollment Headcount 2003-2006

  9. Budget Planning Assumptions • Revenue • Enrollment-related revenue loss ($10.0 M) (10.0 M) • Tuition rate increase • 2.5% Res, 1% NRes $ 5.4 M • 5.7% Res, 1% NRes $ 8.0 M • State tax support • Unfunded enrollment $ 0.0 M $ 8.7 M • Mandated costs $12.7 M $12.7 • Graduate funding $ 0.0 M$ 3.0 M TOTAL $ 8.1 M $22.4 M

  10. Budget Planning Assumptions • Expense • Compensation related $12.2 M • Insurance, Utilities, and Fin Aid $ 4.8 M • Initiatives and dedicated expense $ 5.9 M • Library materials (8%) • 15 faculty lines • Law School tuition differential • Engineering tuition differential • Residential academic programs • 1% extraordinary merit to faculty salary pool • Diversity program/scholarship support • Academic advisors TOTAL$22.9 M

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