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FY2015 Supplemental Operating Budget

FY2015 Supplemental Operating Budget. FY2015 Operating Budget Board of Trustees Meeting – June 27 , 2014. Supplemental Budget Impacts. State 2014 supplemental legislative session EWU supplemental budget changes for FY2015 Resident Undergraduate Tuition Changes from original 2013-15 budget.

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FY2015 Supplemental Operating Budget

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  1. FY2015 Supplemental Operating Budget FY2015 Operating Budget Board of Trustees Meeting – June 27, 2014

  2. Supplemental Budget Impacts • State 2014 supplemental legislative session • EWU supplemental budget changes for FY2015 • Resident Undergraduate Tuition • Changes from original 2013-15 budget

  3. Supplemental Legislative Session State Funding Support for STEM programs $1,000,000 The legislature did not pass a supplemental capital budget. The original capital budget remains unchanged for FY2015

  4. GF-State Funding per FTE Student Source: Data based on GFS allocations and OFM budgeted state enrollments. 2015projections based on original budget. Actual FTE funding based on GFS allocations and Annual Average state enrollments. 2015 projections based on original budget FTE at 10,250.

  5. Key Funding Sources State Funds and Student Tuition Over last 5 years, the state funding/student tuition balance in operating budget funding sources has shifted completely. 62%

  6. FY2015 Supplemental Operating Budget

  7. 2013-15 Operating (Tuition) Fee Assumptions 10,272 FY2014 budgeted Annualized Average Full Time Equivalent Students 10,246 FY2014 actual Annualized Average Full Time Equivalent Students

  8. FY2015 University Operating BudgetRevenues- All Funds Service Funds variance due to closure of the Print Shop in FY 2014

  9. FY2015 University Operating BudgetExpenditures – All Funds Service Funds variance due to closure of the Print Shop in FY 2014

  10. Student Technology Fee • Student Technology Fee is $35 per quarter • All students taking 6 or more credits are assessed the full student technology fee • Allocation of resources is recommended by the Student Technology Fee Committee • Fee funds general and open access student computing labs replacement and renewal of equipment and operations, key technology services such as student email and other web services. • Annual replacement of 250-350 computers along with software, printers, storage, servers • Software renewal • Investment in the storage area network • New investments in library technology, digital signage, universal access software, and recording studio Expenses exceed revenues due to use of cash from prior year revenue

  11. FY2013-15 Service Funds Budgets • Service funds provide goods and services to other university units. • The funds finance their own asset renewal and replacement • Funds may have planned use of cash reserves due to cyclical nature of the work • Printing operations end in FY 2014

  12. FY 2013-15 Auxiliary Funds Budgets These funds finance their own asset renewal and replacement

  13. Student Service and Activity Fee Fund No increase in general SA Fee Revenue decrease due to change from 2015 original budget enrollment estimate

  14. Student Service and Activity Fee

  15. Scholarships and Fellowships • Scholarships and Fellowships include funds for student aid programs, some federal and state aid programs and privately endowed scholarships. • Funding levels assumed to remain relatively flat year-to-year. • Total increases driven by assumed enrollment growth rates.

  16. Sponsored Programs (Grants & Contracts) Funding and contracts are dependent on state and federal agency funding levels as well as the ability of local governmental and private agencies need for contracted services..

  17. Board Action for FY2015 Supplemental Operating Budget

  18. Action Items • 6% Reduction of Resident Undergraduate Tuition • Revised expenditure level for FY2015

  19. FY2015 University Operating BudgetExpenditures – All Funds Service Funds variance due to closure of the Print Shop in FY 2014

  20. Looking Forward to the 2015-17 biennium Constrained Financial Environment • $2B gap in projected state of Washington budget • Future of tuition authority • Legislative focus on fund balances (Fund 149- operating fees and Fund 148- special revenue fund) • Impact of flattening enrollments • Inflationary costs • Continued investment in Strategic Plan

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