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Faculty Senate Report

Financial Advisory Committee. Faculty Senate Report. January 15, 2014. Wesley Stites. Robert Brady COMM ARSC Michael Thomsen AEAB AFLS Fran Hagstrom RHRC EDHP Lonnie Beard LAW LAW Dan Worrell MGMT WCOB Robert Babcock CHEG ENGR Wesley Stites CHBC ARSC Vacant JARCH

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Faculty Senate Report

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  1. Financial Advisory Committee Faculty Senate Report January 15, 2014 Wesley Stites Robert Brady COMM ARSC Michael Thomsen AEABAFLS Fran Hagstrom RHRCEDHP Lonnie Beard LAW LAW Dan Worrell MGMTWCOB Robert Babcock CHEGENGR Wesley StitesCHBC ARSC Vacant JARCH Judy Schwab ADMN Ex-OFFicio Kathy Van LaningHamADMNEx-OFFicio

  2. Advancement • Meeting with Don Pederson, Nov. 13, 2013 • Caused by spending increase without budget increase • Cumulative Deficit at end of FY12 $3.8 million • Reserve Funds from Global Campus used

  3. Advancement • Budget must increase by ~$2 million to meet expenses • Projected two years to accomplish • Shortfalls to be met with reserve funds until then

  4. Advancement • Hires that caused shortfall were approved, but approvers didn’t check to see if funds were available • Funds won’t always be there when hiring • Assoc. VC for Budget and Financial Planning hired – Tim O’Donnell

  5. Advancement • No serious spending reduction in Advancement contemplated • From 2009 to 2013, spending in Advancement increased by ~10% every year

  6. UNRESTRICTED E&G (0102) BUDGET ALLOCATION SUMMARY

  7. From FY09 to FY12, Advancement expenditures rose by 66.59%; an average increase of 18.54% every year.  In comparison, the overall University budget grew by 10.56% over the same period, only 3.40% a year. 

  8. It takes money to raise money, but… • CASE/NACUBO study “Expenditures in Fund Raising, Alumni Relations, and other Constituent (Public) Relations” 1990 • Mean of 16 cents spent per dollar raised. • Median of 11 cents spent per dollar raised. • California State University system 2001-2003 • Mean of 16 cents spent per dollar raised. • Median of 16 cents spent per dollar raised.

  9. Overall Budget – FY 15 • Meeting with Don Pederson, Chancellor, Provost, Senate Executive Committee Dec. 3, 2013 • Minimal growth in student body this year • No appropriation increase this year • Tuition increase is only means for funding increase • Budget increase of $13.1 to 15.4 million results in FY15 - FY14 increase was $25.5

  10. If this projection is correct, the total University budget will grow overall by about 39% in FY15 from the FY09 basis, an annualized rate of 6.8%.

  11. Proposed major increases in personnel spending • 9 new TT faculty lines across entire University, $992K • 3 new NTT faculty lines, $100K (2 are one-time money next FY) • 2% pool for raises; perhaps 2.5% faculty, $3.5M • Expansion of UAPD, $358K

  12. Other proposed major spending increases • Utilities $1.1M • Development $500K • Garvan Gardens $300K • Start up $750K • Library $928K • Intersession $474K • Univ Perspectives, Office of Retention, Pathway to Graduation $832K • FAMA non-utility $717K • ARSC prior growth $750K

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