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Budget Update May 19, 2010

Budget Update May 19, 2010. Cal Poly Pomona – Budget Services. Cal Poly Pomona 2009/10 Recap of Budget Balancing Actions. 2009-10 Budget Reduction Plan. Furlough savings (including benefits) Management Salary Savings Staff Salary Savings TTF Faculty (not replaced)

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Budget Update May 19, 2010

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  1. Budget UpdateMay 19, 2010 Cal Poly Pomona – Budget Services

  2. Cal Poly Pomona2009/10 Recap of Budget Balancing Actions 2

  3. 2009-10 Budget Reduction Plan • Furlough savings (including benefits) • Management Salary Savings • Staff Salary Savings • TTF Faculty (not replaced) • Faculty Directors • SETC (layoff) 3

  4. 2009-10 Budget Reduction PlanContinuing Actions • Continue monitoring all hires/extension of temporary appointments • Reduce operating expenses including all but essential training and travel • Increase class sizes • Continue program evaluation - consider consolidation/closure of campus programs 4

  5. 2009-10 Budget Reduction Plan • Divisional Summaries • Division summaries can be found at the following websites: • President • Academic Affairs(password protected) • Administrative Affairs • I & IT • Student Affairs • University Advancement 5

  6. 2010/11 Budget PlanningOne-Time Deferral of Staffing Reductions Sources: 2009/10 Budgeted Fee Revenue (16,123 FTES) $ 85,966,100 Actual Fee Revenue (FTES Census 17,589 through Spring 2010) 92,891,087 Surplus Revenue $ 6,924,987 Risk Management Refund of Premiums & Carryover $ 2,348,409 One-Time Revenue $ 9,273,396 Uses: 6 Mos Furlough Salary Replacement $ 7,629,366 6 Mos Furlough Benefits Replacement 1,216,752 6 Mos Furlough Replacement $ 8,846,118 6

  7. 2010/11 Governor’s May Revise The Governor’s May Revise was as good as we could have expected: • $305 Million Addition to Base Budget • $60.6 Million Enrollment Growth for 8,290 FTES • $390.7 Million 10% Fee Increase It is still very early in the process and none of these funds have been approved by the State Legislature. 7

  8. Next Steps • Stay the course for 2009-10. We need to continue the actions to finish the year’s workplans with a balanced budget. • Monitor the developments on the Governor’s 2010-11 Budget Proposal as it goes through the budget process. • Expecting a heated debate and a challenging process, budget adoption will most likely be delayed. • With a delay in mind, we will implement the deferral actions as needed, until December 31, 2010. • The President’s Cabinet will continue working to defer layoffs. Only 7 of 23 Campuses plus the Chancellor’s Office have submitted layoff plans affecting 294 employees • Meeting with RMAC, Academic Senate Budget Committee, Divisional Budget Committees to share information and to plan. 8

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