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Open Budget Meeting

Open Budget Meeting. Open Budget Meeting. Clayton State University Resources. Tuition & Fees. State Appropriations. Major Repair & Renovation (MRR). Auxiliary Enterprises. CSU Foundation Endowments Scholarships Unrestricted Annual Giving. Sponsored Programs. Uses.

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Open Budget Meeting

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  1. Open Budget Meeting

  2. Open Budget Meeting Clayton State University Resources Tuition& Fees StateAppropriations Major Repair & Renovation (MRR) Auxiliary Enterprises • CSU Foundation • Endowments • Scholarships • Unrestricted Annual Giving Sponsored Programs Uses Restrictions Realities • Salaries and Wages • Utilities • Supplies and Equipment • Technology • Facilities and Maintenance • Public Safety • Campus Activities and Services • Capital funds can not be used to pay for salaries and wages • State procurement guidelines must be followed • Student fees must be used in conjunction with specific services • Prudent fiscal management required for all sources • State Appropriation may be reduced at anytime • New focus on Financial Ratios • Economic conditions have a direct impact on our ability to collect the revenues necessary to satisfy the needs and obligations of the University

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  5. Open Budget Meeting • The FY 2015 budget includes funds for Executive, Judicial, and Legislative agencies equivalent to one percent of personal services to be used for merit based pay increases for high performing current employees, salary adjustments needed to address retention in strategic job classifications, or to increase salaries to recruit skilled new employees. The budget also includes additional funding for resident instruction for the Board of Regents of the University System of Georgia to enable the University System to remain competitive in attracting the highest quality faculty for Georgia's institutions of higher learning. • Provide funds for recruitment and retention of Regents faculty effective July 1, 2014. Provide an amount equivalent to 1% of personal services for Regents staff and public librarians to be used for performance incentives or salary adjustments necessary for employee recruitment and retention effective July 1, 2014. $11,300,508 • CSU 1% amount—$363,456 Merit Salary Increase

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  9. Open Budget Meeting http://www.clayton.edu/President/Communications

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