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Budget Update & General Budget Conditions

Budget Update & General Budget Conditions. BAC September 13, 2013 Todd Foreman Vice President for Finance and Administration. 2014/15 Budget Request: Background. 2014/15 Budget Request: Background. Themes of 2014/15 Budget Request. 2013-14 Budget State Support. Core Operating Budget

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Budget Update & General Budget Conditions

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  1. Budget Update & General Budget Conditions BAC September 13, 2013 Todd Foreman Vice President for Finance and Administration

  2. 2014/15 Budget Request: Background

  3. 2014/15 Budget Request: Background

  4. Themes of 2014/15 Budget Request

  5. 2013-14 BudgetState Support Core Operating Budget • No funding for salary increases • Estimated budget impact for Oneonta: $500k • Tuition increase appropriation is included Capital Budget • No new capital funding for Educational Facilities Capital Program, including Critical Maintenance funds • Cash flow problems have delayed projects

  6. 2013-14 Budget SUNY Outlook • Tuition increase (year 3 of 5) • Projected new tuition revenue $2,200k • Offset by SUNY Tuition Credit ($476k) • Offset by salary increases ($500k) • Offset by scholarship increases (year 2 of 4) ($500k) • Net new tuition revenue: $724k • SUNY Hospitals still a big “?”

  7. Strategic Performance Indicators – Financial Sustainability

  8. Campus Reserve StAR! Opportunity

  9. Estimated Billed Cost of Attendance

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