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Fiscal Year 2006 - 2007 Budget June 23, 2006

Fiscal Year 2006 - 2007 Budget June 23, 2006. Overview. Enrollment Tuition Operating Fee Revenue FY07 Operating Budget FY07 Capital Budget. Enrollment. Enrollment. Historical Trends & FY 2006 - 2007 Projection Demographics & Market Planning. Enrollment.

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Fiscal Year 2006 - 2007 Budget June 23, 2006

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  1. Fiscal Year 2006 - 2007 Budget June 23, 2006

  2. Overview • Enrollment • Tuition • Operating Fee Revenue • FY07 Operating Budget • FY07 Capital Budget

  3. Enrollment

  4. Enrollment • Historical Trends & FY 2006-2007 Projection • Demographics & Market • Planning

  5. Enrollment Historical Trends & FY 2006-2007 Projection

  6. Annualized Average FTESFY 2000 to FY 2007 (Projected) Projection

  7. Percent FTE Trend RateFY1998 to FY2007 Projection

  8. Enrollment Fall 2006 Projection *Annualized FTES range from 8,948 to 9,043 Source: HEER 10th Day Reports

  9. Enrollment New Freshman & Transfer Enrollments

  10. Enrollment Impacts On FY 2006 – 2007 Enrollment • Increased Competition • New Markets for Freshman • Better Economy

  11. Enrollment Demographics & Market

  12. State of Washington Population ForecastsBy Traditional College Age Group Source: OFM-November 2005 Pop. Forecast

  13. State of Washington Public and Private High School Graduates – Actual and Forecasted Source: Western Interstate Commission for Higher Education (WICHE)

  14. Washington State High School Enrollment & Capture Rates: Fall 1995 to Fall 2006(Fall 2006 based on Admissions Trend) Source: WICHE, HEER

  15. EWU Transfers from Community CollegesCC Capture Rate – 2006 Based on Admissions Trend Note: Assumes CC transfer admissions trends follow total transfer admissions trends as a whole. Source: SBCTC, HEER

  16. EWU Historical Enrollments from WICHE States – Fall Quarters

  17. Enrollment Planning For the Future • FY 2006-2007 Financial Impact • Targeted Recruitment Efforts • Focus on Strategic Plan • Manage Market Share • Investment in Recruitment & Retention Efforts

  18. Tuition

  19. FY07 Tuition Components (Per Quarter)6% increase for resident students Mandatory fees are assessed separately

  20. Student Impact Annual Tuition Rates $234 $357 $18 $18 Non-Resident rate changes due to S&A Fee increase only. Includes Tuition, S&A Fees, and Building Fees. Other Mandatory fees assessed separately.

  21. FY 2006 - 2007 Mandatory Fees $49.95 All categories of students pay the same level of mandatory fees.

  22. Additional Annual Impact on Students State Need Grant award amounts were increased by the State to offset a 6% tuition increase. Students not eligible for the State Need Grant will be eligible for additional grant & loan assistance, or will cover increases out-of-pocket. Resident Undergraduate

  23. Recommended Action It is recommended that the Board of Trustees approve a 6% tuition rate increase for resident students and a 6% service and activity fee increase for all fee paying categories for fiscal year 2007, which begins July 1, 2006 and ends June 30, 2007.

  24. Operating Fee Revenue

  25. FY07 Operating Fee Assumptions Policy Assumptions Enrollment Assumptions Waiver Assumptions Financial Aid Assumptions

  26. FY07 Operating Fee Revenue Estimate based on resident tuition increase of 6% and 8,850 FTES

  27. FY07 Operating Budget – Tuition Revenue Based

  28. FY07 Operating BudgetTuition Revenue Proposals Blackboard System$ 60,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategy: • Provide an Environment for Learning and Teaching Excellence • Create a physical and technological environment that supports integrated learning • Provide services and resources to enable students and faculty to acquire and use knowledge

  29. FY07 Operating BudgetTuition Revenue Proposals Library Collections$70,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategy: • Provide and environment for learning and teaching excellence • Provide services and resources to enable students and faculty to acquire and use knowledge

  30. FY07 Operating BudgetTuition Revenue Proposals Retention & Student Learning$100,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategy: • Provide and environment for learning and teaching excellence • Provide services and resources to enable students and faculty to acquire and use knowledge

  31. FY07 Operating BudgetTuition Revenue Proposals Physical Education, Health & Recreation$ 240,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategies: • Foster engaged student learning • Enhance learning connections

  32. FY07 Operating BudgetTuition Revenue Proposals Information Technology $140,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategy: • Provide and environment for learning and teaching excellence • Provide services and resources to enable students and faculty to acquire and use knowledge

  33. FY07 Operating BudgetTuition Revenue Proposals China Program$35,000 Promotes EWU Academic Strategic Plan Goals GOAL: A RIGOROUSAND ENGAGED STUDENT LEARNING EXPERIENCE Strategies: • Integrate Multicultural and International Perspectives into the Learning Experience • Recruit and retain a greater diversity of faculty, staff, & students • Integrate multicultural perspectives into the curriculum • Increase international perspectives and enrollment of international students as well as participation in study abroad programs

  34. New State Enrollment Distribution

  35. New Allocations By Executive Level

  36. New State Enrollment Distribution

  37. New Enrollment Distribution

  38. FY07 Salary Increases • Faculty Increase • 9.45% across the board - $1,279,000 • 3.2% State Funded, 9/1/05 • 2.0% Signing Increase, University Funded • 1.6% State Funded, 9/1/06 • 2.65% University Funded, 9/1/06 • 1.0% Signing Bonus, $300,000 • Merit Pool, approx $80,000 • Exempt increase • 3% across the board, 9/1/06 - $405,000 • Classified increase • 1.6% on July 1, 2006 - $232,000

  39. FY 2007 Budgeted Operating RevenuesAll Funds Note: Service Funds figure does not include $4,700,426 in recharges.

  40. State and Tuition (Ledger 1) Expenditures

  41. Operating Budget FY07 Non Ledger 1 Operating Budget

  42. Dedicated Local Funds (Ledger 2) The dedicated local fund provides educational programs which support the mission of the university but that are not directly funded by the Washington State Legislature. Programs in this fund include Running Start, Summer Session, International Field Studies, Study Abroad, University Press, course fees and other continuing education courses. Expenditures exceed revenues due to the use of fund balances in the accounts. [Fund 148]

  43. Service Funds (Ledger 3) The service activities or internal revolving funds provide goods and services for other university functions. Service funds include stores operations, printing and duplicating, workforce construction, telecommunication services, and motor pool. [Funds 440, 448, 450, 455, and 460]

  44. ASEWU Funds (Ledger 3) This enterprise includes the operation of student government and provides funds for concerts, social activities, campus recreation, commuting services, student publications such as The Easterner, clubs and organizations and other associated student sponsored activities. [Fund 521 and 522] Expenditures exceed revenues due to the use of fund balances in the accounts.

  45. Intercollegiate Athletics (Ledger 3) The intercollegiate athletics fund includes program support costs, travel, and scholarships granted to student participants based on their athletic ability. [Fund 523]

  46. Bookstore (Ledger 3) The bookstore serves the students with textbooks, supplies, computer hardware and accessories, gift items and EWU merchandise. [Fund 524]

  47. Pence Union Building (Ledger 3) The PUB provides a central gathering place that serves as the hub of college life for the university. It provides for services, conveniences, and amenities the members of the college family need in their daily lives on campus and for getting to know and understand each other through informal association outside the classroom. [Fund 570]

  48. Parking (Ledger 3) Parking services provides for the parking on campus, and promotes safety and customer services to faculty, staff, students and visitors. [Fund 572]

  49. Housing and Dining (Ledger 3) The housing and dining program provides room, board and event planning services for students, staff and visitors of the university. It provides a safe, pleasant and well-maintained environment that supports the educational, personal and social growth of all residents. [Fund 573]

  50. Scholarships and Fellowships (Ledger 5) Scholarships and Fellowships include funds for student aid programs, some federal and state aid programs and privately endowed scholarships.

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