Operating & Capital Budgets Fiscal Year 2006 June 24, 2005
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Transcript of Operating & Capital Budgets Fiscal Year 2006 June 24, 2005
Operating & Capital Operating & Capital BudgetsBudgets
Fiscal Year 2006Fiscal Year 2006June 24, 2005June 24, 2005
Eastern Washington UniversityEastern Washington University
OutlineOutline
Legislative Session Legislative Session Summary Summary
EnrollmentEnrollment TuitionTuition FY06 Operating BudgetFY06 Operating Budget 2005-07 Capital Budget2005-07 Capital Budget
2005-07 Legislative Budget 2005-07 Legislative Budget SummarySummary
FY06FY06 FY07FY07
Tuition Increase maximum for RUTuition Increase maximum for RU (25% Recapture)(25% Recapture)
6%6% 6%6%
New Enrollment Funding New Enrollment Funding (324 FTES in FY06 and 326 FTES in FY07)(324 FTES in FY06 and 326 FTES in FY07)
2,147,0002,147,000 2,167,002,167,0000
High Demand Enrollment High Demand Enrollment (Phys Therapy, Comp & Engr Tech, Special Ed, Dental (Phys Therapy, Comp & Engr Tech, Special Ed, Dental Hygiene)Hygiene)
741,000741,000 **
Autism CenterAutism Center 212,000212,000 **
Maintenance & Operating Shift to CapitalMaintenance & Operating Shift to Capital (245,000)(245,000) **
Non-Instruction ReductionNon-Instruction Reduction (98,000)(98,000) **
Tuition Rate Increase - GFS CaptureTuition Rate Increase - GFS Capture (432,000)(432,000) **
Salary Increase FundingSalary Increase Funding (Classified 3.2/1.6%, Non-Represented 3.2/1.6%)(Classified 3.2/1.6%, Non-Represented 3.2/1.6%)
1,315,0001,315,000 927,000927,000
Health Benefit ChangesHealth Benefit Changes 831,000831,000 **
* FY07 Funding level remains flat -- no additional funding for FY07
FY06 Enrollment FY06 Enrollment
8,850 FTES Projected for FY068,850 FTES Projected for FY06 No change over FY05 Budgeted LevelNo change over FY05 Budgeted Level
No Constraint On EnrollmentsNo Constraint On Enrollments
8,593 FY06 State Funded FTES8,593 FY06 State Funded FTES 324 FTES increase over FY05 State funded 324 FTES increase over FY05 State funded
levellevel Enrollment levels exceed state funding by Enrollment levels exceed state funding by
257 FTES257 FTES
6% Tuition Increase for Resident 6% Tuition Increase for Resident Undergraduates & Resident GraduatesUndergraduates & Resident Graduates
25% Tuition Recapture by State25% Tuition Recapture by State
0% Tuition Increase for Non-residents0% Tuition Increase for Non-residents
6% S&A Fee Increase for All Students6% S&A Fee Increase for All Students
FY06 TuitionFY06 Tuition
FY06 Tuition ComponentsFY06 Tuition Components(Per Quarter)(Per Quarter)
CategoryCategoryOperating Operating
FeeFeeBuildinBuildin
gg
FeeFee
S&AS&A
FeeFee
ResidentsResidents UndergraduateUndergraduate $1,156.96$1,156.96 $46.04$46.04 $145.00$145.00
GraduateGraduate $1,851.53$1,851.53 $46.47$46.47 $138.00$138.00
Non-Resident UndergraduatesNon-Resident Undergraduates
DomesticDomestic $4,125.84$4,125.84 $170.1$170.166
$143.00$143.00
InternationalInternational $4,125.84$4,125.84 $170.1$170.166
$143.00$143.00
Non-Resident GraduatesNon-Resident Graduates
DomesticDomestic $5,397.79$5,397.79 $166.2$166.211
$136.00$136.00
InternationalInternational $5,397.79$5,397.79 $166.2$166.211
$136.00$136.00Mandatory fees are assessed separatelyi
CategoryCategoryFY 05 TuitionFY 05 Tuition
RatesRatesFY06 Tuition FY06 Tuition
RatesRates
Resident UndergraduateResident Undergraduate $3,822$3,822 $4,044$4,044
Resident GraduateResident Graduate $5,772$5,772 $6,111$6,111
Non-Resident Non-Resident UndergraduateUndergraduate
$13,299$13,299 $13,317$13,317
Non-Resident GraduateNon-Resident Graduate $17,085$17,085 $17,100$17,100
FY06 Student Impact FY06 Student Impact Annual Tuition RatesAnnual Tuition Rates
S&A Fee Included – Other Mandatory fees assessed separately.
$18
$222
i
$339
$15
FY06 Mandatory FeesFY06 Mandatory Fees
CategoryCategory FY 05 FeesFY 05 Fees FY06 FeesFY06 Fees
Technology FeeTechnology Fee $105.00$105.00 $105.00$105.00
Health Clinic FeeHealth Clinic Fee $112.02$112.02 $115.17$115.17
Health & Wellness Health & Wellness FeeFee
$16.47$16.47 $16.95$16.95
Total FeesTotal Fees $233.49$233.49 $237.12$237.12
No Change
All categories of students pay the same level of mandatory fees. Mandatory Fees increased by the Fiscal Growth Factor only.i
$3.15
$0.48
$3.63
FY06 Additional Annual FY06 Additional Annual Impact on StudentsImpact on Students
StudentStudentImpact 6%Impact 6%
Grant Funds Grant Funds Available to Available to
Offset ImpactOffset Impact
High-Need StudentsHigh-Need Students $222$222 $232$232
Low/Medium Need Low/Medium Need StudentsStudents
$222$222 $0-$232$0-$232
Resident Undergraduate
*The State Need Grant award amounts were increased by the State to match an assumed 6 percent tuition increase and the eligibility range was increased from 55 percent of median family income (MFI) to 65 percent of MFI. Students who are not eligible for State Need Grant will receive varying amounts of additional grant and loan assistance to pay for the increase, or will pay out of pocket.
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OperatingOperatingBudget - FY06Budget - FY06
General Fund State & Tuition General Fund State & Tuition Combined Funding Per Actual Combined Funding Per Actual FTESFTES
$7,924 $7,984 $7,939$7,730
$8,004
$8,494
5,000
6,000
7,000
8,000
9,000
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06
Do
llar
s
Operating Budget Funding Operating Budget Funding SourcesSources
61.3%59.2%61.3%
38.7%40.8%
38.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06
GF-S
Operating Fee
PercentPercent
FY06 Operating Fee FY06 Operating Fee AssumptionsAssumptions
Discount Rate held atDiscount Rate held at 18.0%18.0%
WaiversWaivers 14.0%14.0%
Waivers for Waivers for ScholarshipsScholarships
250,000250,000
Section 6010 WaiversSection 6010 Waivers 1,335,241,335,2400
Financial Aid held Financial Aid held atat
05 Level05 Level
EWU Financial AidEWU Financial Aid 3.5%3.5%
Addition to Fin. AidAddition to Fin. Aid 210,334210,334
FTESFTES 8,8508,850
HeadcountHeadcount 9,0099,009
FTES/HC Conversion FTES/HC Conversion RateRate
1.0181.018
Enrollment MixEnrollment Mix FY 05 FY 05 MixMix
Interest IncomeInterest Income $95,000$95,000
UncollectiblesUncollectibles 1.2%1.2%
President’s President’s ReservesReserves
$300,00$300,0000
Fund Balance Fund Balance Invest.Invest.
$300,00$300,0000
Enrollment Assumptions
Waiver Assumptions
Policy Assumptions
Financial Aid Assumptions
FY06 Operating Fee RevenueFY06 Operating Fee Revenue
Gross Operating Fee RevenueGross Operating Fee Revenue $ 39,631,699$ 39,631,699
Less: Tuition WaiversLess: Tuition Waivers -5,548,313-5,548,313 3.5 % EWU Financial Aid3.5 % EWU Financial Aid -1,176,242-1,176,242 Uncollectible AllowanceUncollectible Allowance -475,570-475,570 Plus: Interest IncomePlus: Interest Income 95,00095,000
Less: Additional Waiver AuthorityLess: Additional Waiver Authority -1,335,240-1,335,240 Additional Financial AidAdditional Financial Aid -210,334-210,334 Quality (3.8 GPA) ScholarshipsQuality (3.8 GPA) Scholarships -250,000-250,000 Investment in Fund BalanceInvestment in Fund Balance -300,000-300,000 President’s ReservePresident’s Reserve -300,000-300,000
Net Operating Fee RevenueNet Operating Fee Revenue $ $ 30,131,00030,131,000
Net New Policy RevenueNet New Policy Revenue $ 705,000$ 705,000
FY06 Reductions to GFSFY06 Reductions to GFS
Net New Policy RevenueNet New Policy Revenue 705,000705,000
Less:Less:25% Tuition Recapture - 25% Tuition Recapture - $432,000 $432,000 (Half in FY06 and half in FY07) (Half in FY06 and half in FY07)
216,000216,000
Non-Instruction ReductionNon-Instruction Reduction 98,00098,000
Net Remaining Net Remaining $ $ 391,000391,000
FY06 New State Enrollment FY06 New State Enrollment Funding DistributionFunding Distribution
Business & Public AdministrationBusiness & Public Administration (37,772)(37,772)
Education & Human DevelopmentEducation & Human Development 47,66147,661
Social & Behavioral SciencesSocial & Behavioral Sciences 254,082254,082
Arts & LettersArts & Letters 107,476107,476
Social WorkSocial Work 70,87170,871
Science, Math & TechnologyScience, Math & Technology 581,621581,621
Total Instruction DistributionTotal Instruction Distribution 1,023,9391,023,939
FY06 New State Enrollment FY06 New State Enrollment Funding DistributionFunding Distribution
Academic Affairs AdministrationAcademic Affairs Administration 94,43794,437
LibraryLibrary 77,98677,986
Information TechnologyInformation Technology 80,10780,107
Academic Affairs SubtotalAcademic Affairs Subtotal 252,530252,530
Business & FinanceBusiness & Finance 273,845273,845
Student AffairsStudent Affairs 82,35382,353
University AdvancementUniversity Advancement 45,39245,392
President’s OfficePresident’s Office 57,94157,941
Total Non-Instruction DistributionTotal Non-Instruction Distribution 712,061712,061
FY06 Proposed FY06 Proposed Salary IncreasesSalary Increases
Non-Represented Employee Increase Non-Represented Employee Increase 3.2% COLA effective September 1, 20053.2% COLA effective September 1, 2005
Classified Employee IncreaseClassified Employee Increase 3.2% COLA effective July 1, 20053.2% COLA effective July 1, 2005
FY06 State and Tuition FY06 State and Tuition (FY06 Ledger 1 Accounts)(FY06 Ledger 1 Accounts)
InstructionInstruction $ 41,037,026$ 41,037,026
ResearchResearch 291,483291,483
Public ServicePublic Service 258,897258,897
Academic SupportAcademic Support 5,027,0195,027,019
LibrariesLibraries 4,245,4144,245,414
Student ServicesStudent Services 7,232,3737,232,373
Institutional SupportInstitutional Support 10,926,42810,926,428
Plant Operations & Plant Operations & MaintenanceMaintenance
9,696,3609,696,360
Total Ledger 1Total Ledger 1 $ 78,715,000$ 78,715,000 This budget represents a 7.8% increase over FY05
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FY06 Non-Ledger 1 FundsFY06 Non-Ledger 1 Funds
Revenues / Revenues / AdditionsAdditions
Expenditures / Expenditures / DeductionsDeductions
Dedicated Local Funds (Ledger Dedicated Local Funds (Ledger 2)2)
$15,451,006$15,451,006 $16,657,636$16,657,636
Service Funds (includes Service Funds (includes recharges)recharges)
4,406,7434,406,743 4,112,5604,112,560
ASEWUASEWU 2,348,5792,348,579 2,425,7292,425,729Intercollegiate AthleticsIntercollegiate Athletics 3,130,9693,130,969 3,130,9693,130,969BookstoreBookstore 6,496,4196,496,419 6,387,5356,387,535Pence Union BuildingPence Union Building 924,142924,142 862,781862,781ParkingParking 600,000600,000 577,167577,167Housing & DiningHousing & Dining 13,369,67813,369,678 13,115,79313,115,793Scholarships & FellowshipsScholarships & Fellowships 18,860,00018,860,000 18,860,00018,860,000Sponsored Programs & Sponsored Programs & ContractsContracts
14,445,00014,445,000 14,445,00014,445,000
TotalTotal $ 80,032,536$ 80,032,536 $ 80,575,170$ 80,575,170
FY06 OperatingFY06 OperatingBudget SummaryBudget Summary
Educational and GeneralEducational and General
State and TuitionState and Tuition $ $ 78,715,00078,715,000
Dedicated Local Funds, Service funds Dedicated Local Funds, Service funds (net)(net)
16,458,70316,458,703
Total Educational and GeneralTotal Educational and General 95,173,70395,173,703
Auxiliary Enterprises Auxiliary Enterprises (including transfers)(including transfers) 26,499,97426,499,974
Scholarships and FellowshipsScholarships and Fellowships 18,860,00018,860,000
Sponsored ProgramsSponsored Programs 14,445,00014,445,000
FY06 Annual Operating BudgetFY06 Annual Operating Budget $ $ 154,978,677154,978,677 This budget represents an 8% increase over FY05i
Recommended Action Recommended Action FY06 Tuition & Fee RatesFY06 Tuition & Fee Rates
It is recommended that the Board It is recommended that the Board of Trustees approve a 6% tuition of Trustees approve a 6% tuition
rate increase for resident rate increase for resident students and a 6% service and students and a 6% service and activity fee increase for all fee activity fee increase for all fee
paying categories for fiscal year paying categories for fiscal year 2006, which begins July 1, 2005 2006, which begins July 1, 2005
and ends June 30, 2006.and ends June 30, 2006.
Recommended Action Recommended Action FY06 Operating BudgetFY06 Operating Budget
It is recommended that the It is recommended that the Board of Trustees approve the Board of Trustees approve the
operating budget of operating budget of $154,978,677 for fiscal year $154,978,677 for fiscal year
2006, which begins July 1, 2005 2006, which begins July 1, 2005 and ends June 30, 2006.and ends June 30, 2006.
Capital Budget Capital Budget 2005-072005-07
Restoration Phase IRestoration Phase I2005-072005-07
Hargreaves Hall DesignHargreaves Hall Design Cheney Hall RenovationCheney Hall Renovation
$ 1,414,000$ 1,414,000 $ 2,002,000$ 2,002,000
2005-07 Minor Works / 2005-07 Minor Works / PreservationPreservation
Health, Safety, Code ComplianceHealth, Safety, Code Compliance$ 5,700,000$ 5,700,000 Fire alarm systems for 5 bldgs.Fire alarm systems for 5 bldgs. Fire panels, generators, hydrantsFire panels, generators, hydrants Elevator safety upgradesElevator safety upgrades General safety issuesGeneral safety issues
Infrastructure PreservationInfrastructure Preservation$ 4,000,000$ 4,000,000 Steam line replacementSteam line replacement Water dist. system Water dist. system
upgradesupgrades Elect & lighting Elect & lighting
improvementsimprovements General upgradesGeneral upgrades
Facility PreservationFacility Preservation$ 8,000,000$ 8,000,000 ADA building upgradesADA building upgrades HVAC renovation/upgradesHVAC renovation/upgrades Roof replacementsRoof replacements Interior & exterior bldg Interior & exterior bldg
restorationsrestorations Landscaping & sidewalksLandscaping & sidewalks
2005-07 Minor Works / 2005-07 Minor Works / ProgramProgram
$ 15,600,000$ 15,600,000
STATE FUNDS - STATE FUNDS - $6,600,000$6,600,000
Enhance ClassroomEnhance ClassroomClassroom RenewalClassroom Renewal
WWF New Track SurfaceWWF New Track SurfaceNetwork UpgradesNetwork UpgradesEmergent NeedsEmergent Needs
General Bldg General Bldg Upgrades/ADAUpgrades/ADA
LOCAL FUNDS - LOCAL FUNDS - $9,000,000$9,000,000
FRS UpgradeFRS UpgradePlayfield ExpansionPlayfield Expansion
Improve Res. WalkwayImprove Res. WalkwayArt Walk DevelopmentArt Walk Development
Campus SignageCampus SignageRed Barn Interior Renov.Red Barn Interior Renov.General Prog. UpgradesGeneral Prog. Upgrades
Repairs to:Repairs to: Heating, VentilationHeating, Ventilation Plumbing & ElectricalPlumbing & Electrical ElevatorsElevators External & Internal Building External & Internal Building
SurfacesSurfaces
2005-07 Preventative 2005-07 Preventative Maintenance & Building Maintenance & Building Systems RepairsSystems Repairs
$ 2,217,000$ 2,217,000
2005-07 Capital Budget 2005-07 Capital Budget ReappropriationsReappropriations
ProjectProject Re-Re-
AppropriationAppropriation
Senior HallSenior Hall $ 9,938,000$ 9,938,000
Cheney HallCheney Hall 3,059,0003,059,000
Campus Network UpgradeCampus Network Upgrade 2,215,0002,215,000
Visitor Center & Formal EntryVisitor Center & Formal Entry 900,000900,000
Facility Preservation BacklogFacility Preservation Backlog 1,500,0001,500,000
Minor Works PreservationMinor Works Preservation 566,168566,168
Water System Pres. & Water System Pres. &
ExpansionExpansion196,072196,072
Infrastructure PreservationInfrastructure Preservation 250,000250,000
Total 05-07 ReappropriationsTotal 05-07 Reappropriations $ 18,624,240$ 18,624,240
ProjectProject AmountAmount
Parking Lot Parking Lot ImprovementsImprovements
$ 50,000$ 50,000
Morrison Window ProjectMorrison Window Project 300,000300,000
Housing – Minor CapitalHousing – Minor Capital 200,000200,000
Tawanka Dining ProjectTawanka Dining Project 100,000100,000
TotalTotal $ $ 650,000650,000
FY06 Local FundFY06 Local FundCapital ProjectsCapital Projects
Total Capital 05-07 Biennial Total Capital 05-07 Biennial Budget SummaryBudget Summary
Fund SourceFund Source AmountAmount
New AppropriationsNew Appropriations
State Bldg State Bldg ConstructionConstruction
$ $ 27,716,00027,716,000
EWU Capital ProjectsEWU Capital Projects 9,000,0009,000,000
Education Education ConstructionConstruction
2,217,0002,217,000
ReappropriationsReappropriations 18,624,24018,624,240
FY 06 Local Funded FY 06 Local Funded ProjectsProjects
650,000650,000
TotalTotal $ $ 58,207,24058,207,240
Recommended Action Recommended Action 2005-07 Capital Budget 2005-07 Capital Budget
It is recommended that the It is recommended that the Board of Trustees approve Board of Trustees approve
the capital budget of the capital budget of $58,207,240 for the 2005-07 $58,207,240 for the 2005-07 biennium, which begins July biennium, which begins July 1, 2005 and ends June 30, 1, 2005 and ends June 30,
2007.2007.