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Humboldt State University budget & facilities overview

Humboldt State University budget & facilities overview. February 11, 2014. CURRENT ECONOMIC ENVIRONMENT. FEDERAL Survived sequestration Uptick in housing market Slight economic improvement STATE - A new budget horizon? CA has the 9 th largest economy in the world with GDP of $2 trillion

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Humboldt State University budget & facilities overview

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  1. Humboldt State Universitybudget & facilities overview February 11, 2014

  2. CURRENT ECONOMIC ENVIRONMENT FEDERAL • Survived sequestration • Uptick in housing market • Slight economic improvement STATE- A new budget horizon? • CA has the 9th largest economy in the world with GDP of $2 trillion • First time in 6 years State budget had a surplus • Proposition 30 has provided steady state funding for education

  3. Governor’s 2014-15 Budget proposal Governor promised four years steady funding 5%, 5%, 4%, 4% • CSU General Fund increase of 5%: $142.2 million • Assumes no tuition increases through 2016-17 • Requires CSU to meet performance standards • Proposes to fold debt service into the General Fund

  4. EnrollmentUpdate • Early indications are Spring will not make up for Fall shortfall • Spring Enrollment Assumptions • Budget: FTES drop off from Fall to Spring: -5.04% (3 year average) • Actual: Spring will not be final until census (Feb. 17)

  5. 2013-14: Revenue Highlights (July-December) • % of revenue collected: 72% • (Down from 75% in 2012-13) • Excluding state appropriation: 93% • (Slightly down from 2012-13: 94%) • Fall tuition revenue low by ~$360,000 • (Over $100k in refunds/waivers since Q1 update) • Spring tuition projected shortfall: $50,000-$100,000 • Shortfall due to decrease in WUE and Non-Resident students

  6. Multi-Year Actuals Comparison(July-December)

  7. Multi-Year Actuals Comparison(July-December)

  8. Multi-Year Actuals Comparison(July-December)

  9. Multi-Year Actuals Comparison(July-December) • Salaries and Benefits = 82% of Original Budget (excluding financial aid) Salaries (49.5% of budget spent) Benefits (49.4% of budget spent)

  10. Multi-Year Actuals Comparison(July-December) Financial Aid (51% of budget spent) Operating Expenses (41% of budget spent)

  11. 2014-15 Budget Planning *Base expenditure budget and one-time initiatives only include enrollment growth funding. Additional budget allocations to be decided upon during URPC budget request evaluation process in February/March.

  12. University ResourceS & Planning Committee • Introduced a Resource Request Process for 2014-15 • Aligns resource allocations with campus priorities • Provides transparency and accountability • Leads to continuous improvements • Used the PREP Planning Tool for collecting all URPC requests • Becomes a data repository for resource requests • Can align university/division/college/department planning • Requests include measurable outcomes and follow up reporting

  13. 2014-15 Process MBU: Major Budget Unit

  14. URPC proposals • 20 proposals received • $3.9M in requests • $2.1M in base budget requests • $1.8M in one-time requests • Proposals reviewed in February • URPC is evaluating budget requests using agreed criteria • Supports HSU’s priorities • Benefits of the request • Opportunity costs • Implementation/Funding Considerations • URPC will determine funding available for 14-15 and beyond

  15. URPC interactive scenario planning

  16. Csu facilities funding • Entire program is in the process of being re-designed • CSU seeking legislative approval to manage capital • Allows system to re-finance existing debt • Gives authority to issue new debt up to 24% of operating fund • Encouraged by this progress but: • Will likely take much longer to finalize than anticipated – don’t anticipate funding in 2014-15 • Will require rethinking how we prioritize projects • Priority focus will be on: • Seismic • Deferred maintenance • Infrastructure • Accessibility • When funded, HSU will likely receive between $7M-$10M

  17. Facilities working group • In Fall 2012, Facilities Working Group developed a process to collect, review and recommend campus-based projects. • Defined Campus-Based Projects • Repair, improve or change existing physical campus with minimum cost of $5K and maximum cost of $610K. • Does not apply to major capital projects • Does not apply to Chancellor’s Office grant funded projects • Does not apply to non-state or emergency repair/safety projects. • After initial ranking, projects were reviewed as a whole for long-term strategic planning

  18. CAMPUS-BASEd project proposals • 33 project proposals received • $3.7M in requests of which $872K provided by other sources • Projects grouped into 3 categories • Deferred Maintenance • Classrooms & Teaching Labs • Programmatic • Proposals Reviewed • Assumed $750K available for Projects • $250K- CO Refund on Bond Refinance • $500K- Facility Rental Trust

  19. Spring 2014 Process and next steps • URPC evaluates budget requests and develops 2014-15 budget recommendation (February/March) • URPC provides final recommendation to President (March) • President reviews and approves 2014-15 budget (April)

  20. COMMENTSQUESTIONS? THANK YOU!

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