1 / 21

Board of Trustees

Board of Trustees. May 21, 2012 Operating Budget Fiscal Year 2013. Discussion. Background State funding of Higher Education and impact on CSM Revenue/Expense History Fiscal Year 2013 Budget Current Unrestricted Fund Designated, Restricted and Endowment Funds CSM Foundation Budget.

brett-case
Download Presentation

Board of Trustees

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Board of Trustees May 21, 2012 Operating Budget Fiscal Year 2013

  2. Discussion • Background • State funding of Higher Education and impact on CSM • Revenue/Expense History • Fiscal Year 2013 Budget • Current Unrestricted Fund • Designated, Restricted and Endowment Funds • CSM Foundation Budget

  3. Higher Education Funding

  4. CSM State Funding

  5. Revenue History

  6. Expense History – By Function

  7. Expenses by Type

  8. Fiscal Year 2013 Budget • Current Unrestricted Fund • Designated, Restricted and Endowment Funds • CSM Foundation Budget

  9. Fiscal Year 2013 Proposed Budget

  10. Current Unrestricted Incremental Budget Summary

  11. Current Unrestricted Revenue • Total Revenue projected increase of $12.1 million

  12. Current Unrestricted Expense by Functional Area • Total Expense projected to increase $14.5 million

  13. Current Unrestricted Fiscal Year 2013Expense by Type

  14. New Academic Faculty Positions • 11 new positions after retirements - $1.1 million (projection): • Chemical and Biological Engineering - 1 FTE • Civil and Environmental Engineering – 1 FTE • Electrical Engineering and Computer Science – 1 FTE • Mining Engineering – 1 FTE • Applied Mathematics & Statistics – 1 FTE • Petroleum Engineering – 2 FTE • Physics – 1 FTE • 3 FTE (TTT) other strategic and opportunity hires

  15. Academic Faculty FTE

  16. New Expense Requests • 18.5 new non-academic faculty positions totaling $2,000,000 (salary and fringe): • Academic ($1,200,000) – 7 positions • Student Support ($500,000)– 8 positions • Research Support ($200,000) – 1.5 positions • Continuing Education ($100,000) – 1.5 positions • New Building ($300,000) – 7.5 positions Maintenance

  17. Salary & Benefit Actions • Salary Actions: • FY 2010 – No classified or across the board faculty salary increases • $500,000 equity pool set aside; $225,000 utilized • FY 2011 - No classified or across the board faculty salary increases • $700,000 equity pool set aside; $600,000 utilized (1.6% of Faculty Salary) • FY 2012 - No classified or across the board faculty salary increases • $1,300,000 equity pool set aside (3% of Faculty Salary) • FY 2013 - No classified or across the board faculty salary increases • $1,700,000 equity pool set aside (3% of Faculty Salary with benefits) • Benefit Increases: • FY2012 • Faculty 1.5% • Classified 5.4% • 2.5% contribution of PERA reverts back from employee to employer ($1,400,000)

  18. Undergraduate Financial Aid

  19. Graduate Student Support

  20. Budget Proposal – Other Funds *Includes new expenses of $130,000 for 1.83 FTE and operating for new building. See Appendix A for details.

  21. CSM Foundation Budget *Still under review – changes possible

More Related