1 / 15

November 18 - 19, 2008 Board of Trustees

California State Budget 2009-2010 CSU Support Budget Request Robert Turnage, Assistant Vice Chancellor, Budget. November 18 - 19, 2008 Board of Trustees. 2009-10 CSU BUDGET. State Fiscal Condition. Department of Finance Bulletin – October 2008. Six consecutive months of job loss in CA

eze
Download Presentation

November 18 - 19, 2008 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. California State Budget 2009-2010 CSU Support Budget RequestRobert Turnage, Assistant Vice Chancellor, Budget November 18 - 19, 2008Board of Trustees

  2. 2009-10 CSU BUDGET State Fiscal Condition

  3. Department of Finance Bulletin – October 2008 • Six consecutive months of job loss in CA • CA. Unemployment Rate 7.7 Percent • National Unemployment Rate 6.1 Percent • Single Family Home Price below 2007 -40.5 Percent • Sept. General Fund Revenue -$923 Million

  4. LAO Special Session Report

  5. 2009-10 CSU BUDGET Compact Revenue Assumptions

  6. 2009-10 CSU Budget (Compact) Revenue Assumptions • General Operations (4% increase) $116.5 Million • Enrollment Growth (2.5% increase) $ 69.9 Million (8,572 FTES; 11,100 students) • Academic Infrastructure (1% increase) $ 29.1 Million • Operating Revenue Augmentation $ 87.0 Million Compact (State General Fund) $302.5 Million • Enrollment Growth Revenue $ 38.7 Million Total Compact Funding $341.2 Million

  7. 2009-10 CSU BUDGET Budget Recommendations

  8. CSU Budget Augmentation Request • Compact $341,214,000 • Core 2008-09 Compact Recovery $116,720,000 • Additional Budget Challenges $153,466,000 Total $611,400,000

  9. 2009-10 CSU Budget (Compact) Expenditure Assumptions • Mandatory Costs $ 33.5 Million • Enrollment Growth (2.5%) $ 83.5 Million • Compensation $173.3 Million • Financial Aid $ 6.8 Million • Long Term Need $ 44.0 Million • Center for California Studies $ .1 Million Total Compact Funding $341.2 Million

  10. Mandatory Costs • Health Benefits $ 8.5 Million • Dental Benefits $ 2.7 Million • New Space $10.1 Million • Energy $12.2 Million Total $33.5 Million

  11. CSU Compensation • Compensation, 3% of current base $94.5 Million • Salary Gap Funding $78.8 Million Total $173.3 Million

  12. Financial Aid • 2008-09 Total SUG $ 313.7 Million (120,889 Grant Recipients) • 2009-10 CSU Budget Increase $6.8 Million (2,620 Grant Recipients) • 2009-10 Total SUG $320.5 Million (123,509 Grant Recipients) Total $6.8 Million Increase

  13. Long Term Need • Library Acquisitions $3.0 Million • Deferred Maintenance $6.0 Million • Academic Technology $35.0 Million Total $44.0 Million

  14. Other Needs • Core 2008/09 Compact Recovery $116.7 Million • Clinical Nursing (MSN & BSN) $5.0 Million • Algebra Readiness $3.0 Million • Special Education Teacher Preparation $1.2 Million • Additional 1% Compensation Increase $31.5 Million • Student Services Initiative $24.6 Million • Increase Ratio of Tenured Faculty $42.0 Million • Applied Research and Services $16.0 Million • Address Off-Campus Centers Fixed Costs $5.2 Million • Deferred Maintenance $25.0 Million Total $270.2 Million

  15. www.calstate.edu

More Related