TRUSTEES OF THE METROPOLITAN STATE COLLEGE OF DENVER … · METROPOLITAN STATE COLLEGE OF DENVER...

TRUSTEES OF THE METROPOLITAN STATE COLLEGE OF DENVER

Wednesday, February 4, 2004

8 a.m. – 12 noon Tivoli Student Union, Room 320

Auraria Campus

AGENDA I. CALL TO ORDER II. APPROVAL OF MINUTES

A. January 7, 2004, Board Meeting Minutes III. REPORTS

A. Chair’s Report – Mr. Bruce Benson B. AHEC Board Report – Ms. Ann Rice C. Interim President’s Report – Dr. Ray Kieft D. Legislative Report – CCHE Representative E. Student Report – Mr. Harris Singer F. Institutional Advancement Report – Carolyn Schaefer Wollard G. Finance Committee Report – Mr. Alex Cranberg H. Faculty Senate Report – Dr. Joan Foster I. Presidential Search Advisory Committee Report – Dr. John Buechner

IV. CONSENT ITEMS (No Discussion)

A. Proposal to Increase the Requirements for the Bachelor of Science in Biology (Dr. Joan Foster, Interim Vice President for Academic Affairs)

V. ITEMS FOR DISCUSSION AND POSSIBLE ACTION

A. Changes to the Trustees Policy Manual (Mr. Harris Singer, Student Trustee B. Course Fees (Dr. Joan Foster, Interim Vice President for Academic Affairs) C. Financial/Budget (Mr. Michael Barnett, Vice President for Finance and

Administration) D. Personnel Matters

VI. PERSONNEL/INFORMATION ITEMS

A. Personnel Actions Delegated to the President (Requires no approval by the Board of Trustees)

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VII. PRESENTATION

A. General Studies Program Review (Dr. Joan L. Foster, Professor of Biology/Faculty Senate President)

VIII. PUBLIC COMMENT IX. EXECUTIVE SESSION

The Board may convene into Executive Session for the purpose of discussing personnel matters in accordance with 24-6-402(3)(b)(I), C.R.S., or to possibly confer with the Board’s attorney to receive specific advice on legal questions in accordance with 24-6-402(3)(a)(II), C.R.S.

X. ADJOURNMENT

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TRUSTEES OF METROPOLITAN STATE COLLEGE OF DENVER

Wednesday, January 7, 2004

8 a.m. – 12 noon Tivoli Student Union, Room 320

Auraria Campus

MINUTES I. CALL TO ORDER

The meeting was called to order at approximately 8:05 a.m. by Chair Benson.

Board of Trustees Present: Trustee Bruce Benson; Trustee Gin Butler; Trustee Alex Cranberg; Trustee Maria Garcia Berry (EXCUSED); Trustee Mark Martinez (EXCUSED); Trustee John Osborn (EXCUSED); Trustee Adele Phelan (EXCUSED); Trustee Ann Rice; Trustee Sean Tonner; Faculty Trustee Gene Saxe (EXCUSED); Student Trustee Harris Singer

Metro State Personnel Present: Ray Kieft, Interim President; Teri Bokn, Executive Assistant to the President; Michael Barnett, Vice President for Finance and Administration; Kimberly Clark, Council of Administrators Chair; Lee Combs, General Counsel; Joan Foster, Interim Vice President for Academic Affairs; Joan L. Foster, Faculty Senate President; Sandra Haynes, Interim Dean, School of Professional Studies; Kenneth Keller, Interim Dean, School of Letters, Arts and Sciences; Vonda Knox, Classified Staff Council President; Cathy Lucas, Director of Communications; Percy Morehouse, Executive Director, Equal Opportunity; Cheryl Norton, Provost; Karen Raforth, Interim Vice President/Dean of Student Life; Carolyn Schaefer Wollard, Vice President for Institutional Advancement.

II. APPROVAL OF MINUTES

A. December 3, 2003, Board Meeting Minutes: It was moved and seconded to approve the minutes of the December 3, 2003, Board Meeting. The motion passed unanimously.

III. REPORTS

A. Board Chair: Chair Benson called for new projects and ideas that are creative and “outside-the-box” to be considered for grant funding, college support, etc.

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B. Auraria Board: Vice Chair Rice reported that there was no report because there was not a December meeting of the Auraria Board.

C. Interim President: Dr. Kieft reported that with the help of Dr. Ben Monroe,

Professor of Human Services, relationships with the African-American Leadership Institute are being re-established. He gave updates on scholarships and grants for MSCD Students and reported that the American Institute of Physics selected the MSCD chapter and Faculty Advisor, Dr. Richard Krantz, as the outstanding Physics chapter in Colorado. He finished by referring to the student complaint that has been in the press recently and that the complaint is and has been under full investigation.

D. Legislative: Mr. Jake Zambrano, CCHE Director of Governmental Affairs, gave

a summary and answered questions regarding the 2004 Legislative Session and the legislation that will be affecting Metro State and Higher Education.

E. Student Government: Student Trustee Singer reported that this will be his last

semester at Metro State – he will be graduating in May. He will be working on updating the Student Government Constitution, a wireless network system, and most importantly, a plan for working more closely with the students in general.

F. Institutional Advancement: Ms. Carolyn Schaefer Wollard, Vice President for

Institutional Advancement, reported on the activities of Institutional Advancement and the Foundation. Vice Chair Rice expressed her appreciation for the report and requested an agenda and minutes from the latest Foundation meeting be included in the next report. She would like to have more of an exchange of goals and ideas between the Trustees and Foundation Board.

G. Finance Committee: Trustee Cranberg had no report as there was no Finance

Committee meeting in January. H. Faculty Senate: Dr. Joan Foster, President of the Faculty Senate, reported on the

activities on the Faculty Senate and offered clarification on specific faculty issues that had been discussed by the Trustees at their retreat.

I. Presidential Search Advisory Committee: Dr. John Buechner, Chair, reported on

the discussions of the Presidential Search Advisory Committee at recent meetings and received comments on the position announcement for final approval.

IV. CONSENT ITEMS (No Discussion)

A. Criminalistics Program Curriculum Changes (Dr. Joan Foster,, Interim Vice President for Academic Affairs)

B. International Baccalaureate (Dr. Joan Foster,, Interim Vice President for Academic Affairs)

C. QIS Response (Dr. Joan Foster,, Interim Vice President for Academic Affairs)

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D. Personnel Matters It was moved and seconded to approve the Consent Items as presented. The motion passed unanimously.

V. ITEMS FOR DISCUSSION AND POSSIBLE ACTION

A. Metro State President Job Description and Advertising: Dr. John Buechner, Chair, Presidential Search Advisory Committee, reviewed the position announcement with the Board. It was agreed that a revised draft would be sent to the Trustees for final approval after the Board meeting and final comments would be expected by Monday, January 5, 2004. At that point, the Committee would meet again to discuss advertising.

B. Academic Plan: Dr. Joan Foster, Interim Vice President for Academic Affairs,

gave an overview of the Academic Planning Report that will be submitted to CCHE. It was moved and seconded to approve the Academic Plan as presented. The motion passed unanimously.

C. Board Position on Legislation Impacting MSCD and/or Higher Education: Dr.

Ray Kieft, Interim President – the position of the Board was discussed during the report from Mr. Jake Zambrano.

VI. PERSONNEL/INFORMATION ITEMS

A. Personnel Actions Delegated to the President: There was no presentation or discussion as this is an information item only.

B. Diversity Report/Plan: There was no presentation or discussion as this is an

information item only. VII. PRESENTATION

A. MetroConnect/Portal: Mr. Michael Barnett, Vice President for Finance and Administration, introduced Mr. Ben Zastrocky, Director of Web Services and Mr. Chris Mancuso, Manager of Web Content, who gave a presentation and answered questions on the MetroConnect/Portal.

VIII. PUBLIC COMMENT

Mr. George Walker: addressed the Board regarding underrepresented populations at all public higher education institutions.

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IX. EXECUTIVE SESSION

The Board will convene into Executive Session for the purpose of discussing a personnel matter in accordance with 24-6-402(3)(b)(I), C.R.S., and possibly to confer with the Board’s attorney to receive specific advice on legal questions in accordance with 24-6-402(3)(a)(II), C.R.S.

There were no items for an Executive Session discussion at this meeting.

X. ADJOURNMENT

At approximately 10:25 a.m., it was moved and seconded to adjourn the meeting. The motion passed unanimously.

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AGENDA ITEM: Proposal to Increase the Requirements for the Bachelor of Science in Biology

ISSUE: Trustee policies state that an increase in requirements must be reviewed and approved by the Trustees. Final approval rests with the Trustees. The proposed increase has been approved by all internal review bodies, Vice President Joan Foster, and President Raymond Kieft. BACKGROUND The current requirements for the B.S. in biology state that students must take one semester of upper-division organic chemistry, and biology faculty want to make it clear that the requirement includes the laboratory. In the past, the organic chemistry lecture and laboratory were combined in one course, and the current Catalog description of the requirements was sufficient. A number of years ago chemistry faculty separated the lecture and the laboratory, but the text describing the Biology Program requirements was not changed. This meant that biology majors were required to take only the lecture part of the course, which was not the intent of the biology faculty. The proposed change will correct the problem and avoids confusion. ANALYSIS Requiring the laboratory adds two hours to the requirements for the B.S. degree in biology. The current biology major requires 40 credits of biology, 18 credits of chemistry, and 7 – 8 hours (two courses) of mathematics, for a total of 65 credits. The chemistry and mathematics courses can be counted towards meeting the General Studies requirements, leaving 24 hours of General Studies to complete and a minor of at least 18 hours. That leaves 13 hours of electives, providing some flexibility. The proposal would increase the number of hours of chemistry to 20, and reduce the number of elective hours to 11. Students can still graduate in 120 hours. Biology faculty are also proposing to allow substitution of the second semester of organic chemistry with its lab (5-credits) for the required biochemistry course (4-credits). Pre-med students need two semesters of organic chemistry with laboratories and allowing this substitution is beneficial to them and can be incorporated in 120 credits or eight semesters. RECOMMENDATION: Staff recommends approval of the changes in the requirements for the B.S. in biology.

METROPOLITAN STATE COLLEGE OF DENVER

Office of Academic Affairs

Program Modifications

SECTION A: PRESENT CATALOG LISTING

Department of Biology The Biology Department offers two majors, the bachelor of science in biology and the bachelor of arts in biology. While it is not necessary to declare a concentration within these majors, a student may choose to emphasize botany, medical technology, microbiology, zoology, cell and molecular biology, or human biology. Supportive courses associated with paramedical studies and criminalistics, as well as general courses for enrichment of the nonscience student’s background, are offered by the department. Students seeking secondary licensure in science should see an advisor in the teacher education program as well as the Biology Department. Students interested in preparation for medical school or other health professions should contact the Biology Department for specialized advising. A senior exit exam, administered and required by the department, must be taken during the semester of anticipated graduation. The Biology Department main office is located in Science Building, room 213, 303-556-3213. A biology minor is offered to students with related majors or a special interest in the field. Guidelines for Field Experience/Internship/Practicum/Workshop/Cooperative Education Courses No more than four semester credit hours with the following course numbers will be applied toward the 40 semester hours of biology courses required for graduation: BIO 2888, 2980, 2990, 3970, 3980, 4888, 4980, and 4990. However, the additional credits with the above course numbers may be applied toward general elective hours. Senior Experience for Biology Majors A student majoring in biology may fulfill the Senior Experience requirement with any course approved for the purpose. Any biology course approved for Senior Experience credit may be counted toward the Senior Experience requirement, or toward a biology major/biology minor, but not both. Biology Major for Bachelor of Science Required Courses Semester Hours BIO 1080 General Introduction to Biology ..................................................................3 BIO 1090 General Introduction to Biology Laboratory ...............................................1

BIO 3600 General Genetics..........................................................................................4 Select two of the following: BIO 2100 General Botany ............................................................................................5 BIO 2200 General Zoology ..........................................................................................5 BIO 2400 General Microbiology..................................................................................5 Select one of the following: BIO 3550 Urban Ecology .............................................................................................4 BIO 4510 Microbial Ecology .......................................................................................4 BIO 4540 Plant Ecology...............................................................................................4 BIO 4550 Animal Ecology ...........................................................................................4 Subtotal ..............................................................................................................................22 Electives Biology courses selected from the 2000-, 3000-, and 4000-level series, and approved by faculty advisors in the Biology Department, must be completed to bring the total of biology courses approved for the major to 40 semester hours. Electives.............................................................................................................................18 At least 21 semester hours (including genetics, ecology and 14 credits of upper-division electives) must be from the 3000- and 4000-level courses of the Biology Department. Total ...................................................................................................................................40 Required Non-Biology Courses One year of college general chemistry with lab, one semester of upper-division organic chemistry, one semester of upper-division biochemistry, and one year of mathematics starting with MTH 1110 or above, are requisites for the bachelor of science major in biology.




SECTION B: PROPOSED CATALOG LISTING

Department of Biology The Biology Department offers two majors, the bachelor of science in biology and the bachelor of arts in biology. While it is not necessary to declare a concentration within these majors, a student may choose to emphasize botany, medical technology, microbiology, zoology, cell and molecular biology, or human biology. Supportive courses associated with paramedical studies and criminalistics, as well as general courses for enrichment of the nonscience student’s background, are offered by the department. Students seeking secondary licensure in science should see an advisor in the teacher education program as well as the Biology Department. Students interested in preparation for medical school or other health professions should contact the Biology Department for specialized advising. A senior exit exam, administered and required by the department, must be taken during the semester of anticipated graduation. The Biology Department main office is located in Science Building, room 213, 303-556-3213. A biology minor is offered to students with related majors or a special interest in the field. Guidelines for Field Experience/Internship/Practicum/Workshop/Cooperative Education Courses No more than four semester credit hours with the following course numbers will be applied toward the 40 semester hours of biology courses required for graduation: BIO 2888, 2980, 2990, 3970, 3980, 4888, 4980, and 4990. However, the additional credits with the above course numbers may be applied toward general elective hours. Senior Experience for Biology Majors A student majoring in biology may fulfill the Senior Experience requirement with any course approved for the purpose. Any biology course approved for Senior Experience credit may be counted toward the Senior Experience requirement, or toward a biology major/biology minor, but not both. Biology Major for Bachelor of Science Required Courses Semester Hours BIO 1080 General Introduction to Biology ..................................................................3 BIO 1090 General Introduction to Biology Laboratory ...............................................1

BIO 3600 General Genetics..........................................................................................4 Select two of the following: BIO 2100 General Botany ............................................................................................5 BIO 2200 General Zoology ..........................................................................................5 BIO 2400 General Microbiology..................................................................................5 Select one of the following: BIO 3550 Urban Ecology .............................................................................................4 BIO 4510 Microbial Ecology .......................................................................................4 BIO 4540 Plant Ecology...............................................................................................4 BIO 4550 Animal Ecology ...........................................................................................4 Subtotal ..............................................................................................................................22 Electives Biology courses selected from the 2000-, 3000-, and 4000-level series, and approved by faculty advisors in the Biology Department, must be completed to bring the total of biology courses approved for the major to 40 semester hours. Electives.............................................................................................................................18 At least 21 semester hours (including genetics, ecology and 14 credits of upper-division electives) must be from the 3000- and 4000-level courses of the Biology Department. Total ...................................................................................................................................40 Required Non-Biology Courses One year of college general chemistry with lab, one semester of upper-division organic chemistry with lab, one semester of upper-division biochemistry, and one year of mathematics starting with MTH 1110 or above, are requisites for the bachelor of science major in biology. CHE 3110 (Organic Chemistry II) and CHE 3130 (Organic Chemistry II Laboratory) may be substituted for the upper-division biochemistry requirement with permission of a Biology Department academic advisor.




SECTION C: RATIONALE

Department of Biology

An addition and an exception to the section of the current catalog (2003-2004) entitled: “Required Non-Biology Courses” on page 115 are requested. The addition makes it clear that the organic chemistry requirement is to include the laboratory. This was an oversight in the previous wording. It was always the intent of the department that students take an upper-division organic course with a laboratory.

The exception would count organic II lecture and lab for certain students in place

of biochemistry. The rationale is based upon the fact that many of our students are premedical. All medical schools require two semester of general chemistry with lab and two semesters of organic chemistry with lab. It therefore becomes logical – indeed almost necessary – for premedical students to seek a chemistry minor. However, this minor requires 26 credits ad must include analytical chemistry with lab. For those student the de facto requirement for the chemistry minor becomes 30 hours unless we allow the substitution described in the last sentence below. Therefore, we propose to do so.

The modified requirement description will read as follows (added wording in

italics):

“One year of college general chemistry with lab, one semester of upper-division organic chemistry with lab, one semester of upper-division biochemistry, and one year of mathematics starting with MTH 1110 or above, are requisites for the bachelor of science major in biology. CHE 3110 (Organic Chemistry II) and CHE 3130 (Organic Chemistry II Laboratory) may be substituted for the upper-division biochemistry requirement with permission of a Biology Department academic advisor.”

AGENDA ITEM: Changes to the Trustees Policy Manual BACKGROUND Since its adoption in June, 2003, actions by the Board of Trustees or the College administration have occurred and should be incorporated into the Trustees Policy Manual. In addition, legislative changes impacting the Board of Trustees should be reflected through changes incorporated in the Manual. Additional requirements regarding the presentation of student fee budgets are suggested for incorporation in the Manual and regarding the Board of Trustees oversight of policies related to the Student Code of Conduct. Finally, users of the Manual must be confident that the copy being used is current. This can be accomplished by including a final section indicating the date of the most recent approval, amendment or revision. PROPOSALS 1. Establishment of a New Chapter 2: Statement on Shared Governance

The Statement on Shared Governance adopted by the Board of Trustees at its November, 2003 meeting should be incorporated in the Manual to indicate to the College community the Board’s commitment to shared governance.

2. Establishment of a New Chapter 3: Operational Mission Statement The Operational Mission Statement adopted by the Board of Trustees at its November, 2003 meeting should be incorporated in the Manual to indicate the Board’s commitment to the statutory role and mission of Metro, its translation into a operational statement and the expectation that this statement will guide the functioning of the College.

3. Section 1.5, B: Faculty Trustee The Manual should reflect the legislative change that the Faculty Trustee does not have voting rights.

4. Section 1.7, Maintenance and Distribution of the Policy Manual: Vice President for Executive Operations The Manual should reflect the elimination of the position of Vice President for Executive Operations.

5. Section 3.3, Information: Resignations It is proposed that to assist Trustees to better understand why employees are resigning and to identify employment patterns, reasons for resigning be requested from full-time employees.

6. Section 4.2, Tuition and Fees

It is proposed that a new subsection “C” be added which would require fee budgets to be presented as separate items. This would assist the Board to identify the particular focus of fee budget in the context of how fees are assessed and allocated.

7. Section 6.1: Student Conduct, Disciplinary Action, and Student Due Process

It is proposed that the first sentence of this section be revised by adding the phrase “subject to approval by the Board of Trustees” as follows:

“The President shall develop, subject to approval by the Board of Trustees, policies establishing standards….

This change would provide an independent and objective review and approval, independent of the College administration, of policies affecting the rights and treatment of students in the judicial proceedings for students.

8. Consolidation of Section 1.10 (D) and Section 4.2 (B). It is proposed that that Section 1.10 (D) and Section 4.2 (B) be consolidated to read:

“In view of the sensitivity accompanying the assessment and use of student fees, the Trustees intend for the President to consult with the student government in establishing the assessment rates and allocation of all student and user fees prior to submission to the Board for discussion or action.”

There are two different statements in the Manual which exist in two places which may create confusion as to what the respective role is of the President and Student Government in the student and user fee allocation process. The proposed consolidation would establish with clarity what the respective roles are of the President and Student Government in the student and user fee process. The consolidated statement would be reflected in Section 1.10 (D) and Section 4.2 (B).

9. Adding Section at the End of the Manual Indicating Date of the Most Recent Approval, Amendment or Revision It is proposed that a section being added to the end of the Manual which shows the dates of approval, amendments or revisions. It is important that users of the Manual be confident that the copy being used is the most current. Without incorporating the dates of approval, amendment or revisions, confusion may be created regarding which edition is most current resulting in misunderstandings and differing interpretations of policy

RECOMMENDATION: The Board of Trustees approve the nine changes to the Trustee Policy Manual described above.

AGENDA ITEM: Proposed Changes in MSCD’s Courses Fees, Effective Fall 2004.

BACKGROUND: Consistent with the Trustee Policy Manual Section 4.2, the Board of Trustees has responsibility and authority to set fees in accordance with policies established by the Colorado Commission on Higher Education (CCHE) and the Legislature. Changes in 13 courses have been requested. These changes include: Fees Deleted: 7 courses (2 are crosslisted for a total of 9)

• 4 in Meteorology • 2 in Geology and Honors • 1 in Geology

Fee Increases: 4 courses

• 3 in Art • 1 in Chemistry

New Fees: 2 courses

• 2 in Art 13 courses

ANALYSIS: In accordance with the Metropolitan State College of Denver Plan for Student Fees, MSCD’s Student Fee Review Panel was presented with the proposed fee changes for the 2004 Fall semester. The Student Fee Review Panel and MSCD cabinet supported the following:

1. Deletion of fees for the 7 (9) courses listed in the appendix. 2. Requests for new fees for 2 courses listed in the appendix. 3. Increases in fees for 4 courses listed in the appendix.

Description of new and increased fees: All five art course fees provide funding to support live models. The increase in the chemistry fee reflects the increased cost of chemicals. Description of the deleted fees: The geology and honors courses were offered on an experimental basis and will not be offered again. The fees for the meteorology courses were deleted because the weather data students use for forecasting is now available for free. There is no longer any need for the fee.

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RECOMMENDATION: The Board of Trustees approve the proposed submitted new fees as listed for the identified art courses, the increase in fees for the identified art and chemistry courses, and the deletion of fees for the identified geology, honors, and meteorology courses..

Appendix

Courses With Fees Deleted

Number of Course Name of Course Fee GEL 390B Advanced Geologic Investigations of the Green River $200 HON 390B Advanced Geologic Investigations of the Green River $200 GEL 150J Geologic Investigations of the Green River $200 HON 190B Geologic Investigations of the Green River $200 GEL 150F Environmental Investigations of the Green River $200 MTR 4210 Forecasting Lab I $5 MTR 4220 Forecasting Lab II $5 MTR 4230 Forecasting Lab III $5 MTR 4240 Forecasting Lab IV $5

Courses in Curriculum With No Previous Fees New Fees Requested

Number of Course Name of Course Fee ART 1100 Basic Drawing I $10.00 ART 1110 Basic Drawing II $10.00

Courses With Change in Fees

Number of Course

Name of Course Fee

ART 2100 Beginning Life Drawing Increased Fee: $65.00 Current Fee: $50.00

ART 3170 Intermediate Life Drawing Increased Fee: $65.00 Current Fee: $50.00

ART 4090 Advanced Life Drawing Increased Fee: $65.00 Current Fee: $50.00

CHE 3010 Analytical Chemistry Lab Increased Fee: $55.00 Current Fee: $15.00

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AGENDA ITEM: FISCAL YEAR 2004 UNAUDITED FINACIAL STATEMENTS AND REVISED FISCAL YEAR 2004 OPERATING BUDGET ISSUE: Consistent with the Trustee Policy Manual, Sections 4.1 and 4.2, the Board of Trustees for Metropolitan State College of Denver has the responsibility and authority to review and approve the operating budgets. This Agenda Item includes the FY 2003-04 Revised Operating Budget for Metropolitan State College of Denver. BACKGROUND: Attached for your review is the Revised FY 2003-04 Operating Budget for MSCD including all funds: Appropriated, Auxiliaries, Restricted, Loan and Plant. Also included in the packet are the December 31, 2003, Unaudited Statement of Revenues, Expenses and Changes in Net Assets, Statement of Net Assets, and Statement of Cash Flows. As additional information staff has included a budget to actual comparison with variance explanations for Fiscal Year 2004. ANALYSIS: The Revised FY 2003-04 Operating Budget for MSCD has been developed to account for significant changes in the budget as a result of information available concerning preliminary estimates of spring enrollments and commitments of funds on a one-time basis. Metro’s total operating budget for FY 2003-04 is projected to be $106 million including all funds. Adjustments have been made to the State Appropriated Budget to account for spring enrollments that are projected to fall below what was originally budgeted and to account for additional commitments of funds on a one-time basis. Current estimates of spring enrollments are for a 1.5% increase over the previous spring. Original estimates had spring increasing by 5% which results in an adjustment to tuition revenues for the year of approximately $625,000. Additionally, the college allocated approximately $425,000 for increases in OCE budgets on a one-time basis. Adjustments have also been made to the Auxiliary Budget to account for an increase in revenue for the online course fee, increase in expenditures for the same, and other minor adjustments. Staff will present information on final enrollments for spring and the resulting changes to the operating budget at the March meeting. Other reports, included for your information, include a financial reporting format proposed by the CCHE staff to be presented to the Board on a quarterly basis and a report showing the budget breakdown by month and semester. Other issues that will become clearer as the legislative session progresses concerning funding for higher education include discussion within the legislature of future cuts to general fund, the “opt out” bill concerning the classified system, and the College Opportunity Fund. For the current year rumors suggest a cut of $100 million for the State. Staff estimates such a cut would reduce Metro’s operating budget by approximately $1 million. Other discussion concerns the fiscal year 2005 budget and the possibility of cuts up to $150 million for higher education.

Staff will continue to update the Board concerning development of the State’s budget and what affect it might have on Metro’s operating budget. RECOMMENDATION: Staff recommends approval of the Revised FY 2003-04 Operating Budget for MSCD as presented.

Metropolitan State College of Denver

Summary of Operating Results As of December 31, 2003

And Revised Fiscal Year 2004

Budget Revisions

Table of Contents PageReview of September 30, 2003 Operating Statements 1

Summary of Changes in Statement of Revenues, Expenses, & Changes in Net Assets 2Statement of Revenues, Expenditures, and Changes in Net Assets 4Summary of Changes in Statement of Net Assets 19Statement of Net Assets 20Statement of Cash Flows 28

Review of Proposed Fiscal Year 2003-2004 Operating Budget 30

Revised Operating Budget – All Funds 31Appropriated Funds Auxiliary Funds Restricted Funds Loan Funds Plant Funds

Revised Operating Budget Assumptions and Summary of Changes 32State Appropriated Budget Reconciliation 41Auxiliary Fund Budget Reconciliation 43

Budget to Actual 47 CCHE Quarterly Reporting Formats 50

Unaudited Financial Statements And Supporting Statements

As of December 31, 2003

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Summary of Changes in Statement of Revenues, Expenses, & Changes in Net Assets

December 31, 2003 The Unaudited Statement of Revenues, Expenses & Changes in Net Assets as of December 31, 2003, is presented on pages 4 and 5. Following are the items of note as represented on the SRECNA.

1. Tuition & Fees shows an increase of $2.5 million or about 6%. Tuition charges increased by 5%. In addition, enrollments for Fall 2003 SFTE increased by 4.8% and for Summer 2003 SFTE increased by 4.6%. The preliminary reports for this Spring SFTE show an increase of approximately 1.6 % compared to spring 2003.

2. The increase of $1.6 million under Scholarship Discounts & Allowances is due to the increase in the tuition charges and the

number of students receiving financial aid. We anticipate that after all financial aid has been awarded for the Spring semester the Allowance will be approximately $13 million for this fiscal year.

3. Under Operating Revenue, the increase of $172K under Sales and Services of Auxiliary Enterprises is mostly related to an

increase shown for Health Center revenue. The increase in Health Center revenues is due mainly to their ability to record revenues more timely and a slight increase in the number of patients that they have seen.

4. The increase of $732K under Federal Grants and Contracts is due to an overall increase of $744K in Federal Financial Aid

(Pell Grants) by the end of 2nd quarter and small decreases related to timing issues in other Federal Grants.

5. Under State Grants and Contracts, a decrease in overall financial aid of $900K year-to-date and a slight increase in several other state grants caused the overall decrease of $189K.

6. The decrease of $186K under Expended for Plant facilities as of the end of 2nd quarter is related to overall decreases in capital

expenditures when compared to last fiscal year due to the suspension of major remodeling projects other than the student computer labs.

7. Other Operating Revenue increased approximately $384K. This is due mainly to the accounting reclassification of certain

accounts in the Perkins Loan funds, which also caused a reversing entry in the “Other Operating Expenses” line in the Loan fund. These amounts will be eliminated at year-end.

8. The decrease of $402K under Operating Expenses in the Instruction line is mainly caused by the decrease of classified and

contract personnel due to layoffs and retirements, as well as the retirement of many full time faculty personnel. The faculty positions were refilled at a lower pay scale. Overall labor expenditures in state appropriated fund show a decrease of $2 million, which is spread in different program lines. Therefore, the $535K decrease under Academic Support, $571K decrease under Student Services, and $505K decrease under Institutional Support primarily are related to this decrease plus decreases in AHEC, advertising, and printing expenditures.

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9. Under Operation of Plant, the decrease of $1 million is the result of cuts taken by AHEC, which include staff and operating

adjustments.

10. Auxiliary Enterprise Expenses increased by $613K due to the remodeling of the student computer labs in the West classroom building.

11. The increase under Depreciation is the effect of recording depreciation for the first two quarters. During the previous fiscal

year, we only recorded depreciation at the end of the year.

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Current Current GASB 34/35 FY04 FY03Appropriated Auxiliary Restricted Loan Plant Adjustments Combined Combined Difference

Operating RevenuesTuition & Fees 1 35,649,596 8,766,125 - - - - 44,415,721 41,834,772 2,580,949

Less: Scholarship Discounts & Allowances 2 (7,651,712) (1,881,468) - - - - (9,533,180) (11,201,643) 1,668,463 Net Tuition & Fee Revenue 27,997,883 6,884,658 - - - - 34,882,541 30,633,129 4,249,412

Sales & Services of Educational Departments (135,842) 231,800 - - - - 95,958 169,047 (73,089) Sales & Services of Auxiliary Enterprises 3 - 1,064,649 - - - - 1,064,649 892,519 172,130 Federal Grants and Contracts 4 - 92,108 7,795,632 - - - 7,887,740 7,154,849 732,891 State Grants and Contracts 5 - - 4,965,288 - - - 4,965,288 5,154,602 (189,315) Local Grants and Contracts - - 10,925 - - - 10,925 31,103 (20,178) Expended for Plant Facilities 6 - - - - 36,517 - 36,517 222,529 (186,012) Indirect Cost Recovery 111,181 - - - - - 111,181 116,364 (5,182) Operating Interest Income - - - 71,484 - - 71,484 96,845 (25,362) Other Operating Revenues 7 564,384 1,569,843 - 388,246 - - 2,522,472 2,138,045 384,428

Total Operating Revenues 28,537,607 9,843,057 12,771,845 459,730 36,517 - 51,648,755 46,609,032 5,039,723

Operating ExpensesInstruction 8 16,965,746 - 2,696,807 - - - 19,662,553 20,064,863 (402,310) Public Service - - 233,942 - - - 233,942 242,512 (8,570) Academic Support 8 3,853,897 - 434,776 - - - 4,288,673 4,824,522 (535,849) Student Services 8 3,418,736 - 1,159,825 - - - 4,578,561 5,149,849 (571,288) Institutional Support 4,046,454 - 323,816 122,060 - - 4,492,330 4,997,721 (505,391) Operation of Plant 9 2,762,026 - - - - - 2,762,026 3,792,541 (1,030,515) Scholarships and Fellowships 4 424,401 - 8,997,670 - - - 9,422,071 8,996,228 425,843 Scholarship Discounts and Allowances 2 (7,651,712) (1,881,468) - - - - (9,533,180) (11,201,643) 1,668,463 Auxiliary Enterprise Expenditures 10 - 8,441,423 - - - - 8,441,423 7,828,177 613,246 Indirect Costs Recovered - - 111,151 - - - 111,151 116,364 (5,212) Depreciation 11 - - - - 465,307 - 465,307 - 465,307 Other Operating Expenses 7 - - - 438,294 - - 438,294 383,441 54,852

Total Operating Expenses 23,819,548 6,559,955 13,957,988 560,354 465,307 - 45,363,152 45,194,574 168,577

Operating Income (Loss) 4,718,059 3,283,102 (1,186,143) (100,624) (428,790) - 6,285,603 1,414,458 4,871,145

Non-operating Revenues (Expenses)State Appropriatons, non-capital 17,930,585 - - - - - 17,930,585 22,762,016 (4,831,431) Investment and Interest Income 80,450 205,475 1,025 - - - 286,950 346,447 (59,498) Non-Operating Gifts & Donations - - 1,243,411 - - - 1,243,411 1,101,846 141,565

Net Non-operating Revenue(Expenses) 18,011,035 205,475 1,244,436 - - - 19,460,946 24,210,310 (4,749,365)

Income (Loss) Before Other Items 22,729,094 3,488,576 58,293 (100,624) (428,790) - 25,746,549 25,624,768 121,781

Statement of Revenue, Expenses, & Changes in Net AssetsAs of December 31, 2003

Unaudited

4

Current Current GASB 34/35 FY04 FY03Appropriated Auxiliary Restricted Loan Plant Adjustments Combined Combined Difference

Statement of Revenue, Expenses, & Changes in Net AssetsAs of December 31, 2003

Unaudited

Mandatory & Non-mandatory TransfersTransfers from (to) other Funds - - (58,293) 58,293 - - - - - Transfers (To)/From Other Institutions - - - - - - - (37,752) 37,752

Net Increase (Decrease) in Net Assets 22,729,094 3,488,576 0 (42,331) (428,790) - 25,746,549 25,587,016 159,533

Net Assets at Beginning of Year 1,333,401 5,680,420 - 9,776,569 4,125,751 540,377 21,456,519 20,221,530 1,234,989

Net Assets at End of Year 24,062,495 9,168,997 0 9,734,238 3,696,961 540,377 47,203,068 45,808,546 1,394,522

5

Date: 1/16/04

Workpaper Reference Description YTD Prior Year YTD This Year Difference

Operating Revenues and AdditionsAPSC1 Tuition and Fees 33,280,572.55 35,649,595.81 2,369,023.26APSC2 Scholarship Discounts and Allowances (Revenue) (5,127,607.26) (7,651,712.45) (2,524,105.19)APSC3 Sales & Services of Educational Departments 0.00 (135,841.79) (135,841.79)APSC9 Indirect Costs Recovered 116,363.97 111,181.48 (5,182.49)APSC11 Other Operating Revenue 477,454.19 564,383.55 86,929.36

Total Operating Revenues 28,746,783.45 28,537,606.60 (209,176.85)

Operating Expenses and DeductionsAPSC12 Instruction 17,377,126.66 16,965,746.27 (411,380.39)APSC14 Academic Support 4,288,307.14 3,853,896.90 (434,410.24)APSC15 Student Services 4,133,452.61 3,418,736.08 (714,716.53)APSC16 Institutional Support 4,664,568.27 4,046,453.97 (618,114.30)APSC17 Operation of Plant 3,792,540.77 2,762,026.16 (1,030,514.61)APSC18 Scholarships & Fellowships 447,421.83 424,400.74 (23,021.09)APSC19 Scholarship Discounts and Allowances (Expense) (5,127,607.26) (7,651,712.45) (2,524,105.19)

Total Operating Expenses 29,575,810.02 23,819,547.67 (5,756,262.35)

Non-Operating Revenues (Expenses)APSC24 State Appropriation 22,762,016.48 17,930,585.00 (4,831,431.48)APSC25 Interest 78,011.17 80,449.61 2,438.44

Total Non-Operating Revenues (Expenses) 22,840,027.65 18,011,034.61 (4,828,993.04)

Transfers Among Funds - Additions (Deductions)APSC28 Internal Transfers (22,923.00) 0.00 22,923.00APSC29 External Transfers (164,789.00) 0.00 164,789.00

Total Transfers (187,712.00) 0.00 187,712.00

Net Increase (Decrease) in Net Assets 21,823,289.08 22,729,093.54 905,804.46Net Assets - Beginning of Year 835,100.30 1,333,401.38 498,301.08

Net Assets - End of Year 22,658,389.38 24,062,494.92 1,404,105.54

UnauditedAs of December 31, 2003SRECNA

METROPOLITAN STATE COLLEGE OF DENVERCurrent Unrestricted Fund - State Appropriated

6

Date: 1/16/04


Operating Revenues and AdditionsAXSC1 Tuition and Fees 8,554,199.44 8,766,125.33 211,925.89AXSC2 Scholarship Discounts and Allowances (Revenue) (1,293,461.52) (1,881,467.60) (588,006.08)AXSC3 Sales & Services of Educational Departments 169,047.42 231,799.82 62,752.40AXSC4 Sales & Services of Auxiliary Enterprises 892,518.78 1,064,648.74 172,129.96AXSC5 Federal Grants & Contracts 55,064.94 92,107.86 37,042.92AXSC11 Other Sources 1,488,435.01 1,569,842.91 81,407.90

Total Operating Revenues 9,865,804.07 9,843,057.06 (22,747.01)

Operating Expenses and DeductionsAXSC19 Scholarship Discounts and Allowances (Expense) (1,293,461.52) (1,881,467.60) (588,006.08)AXSC20 Auxiliary Enterprises 7,828,177.29 8,441,423.09 613,245.80

Total Operating Expenses 6,534,715.77 6,559,955.49 25,239.72

Non-Operating Revenues (Expenses)AXSC25 Interest Income 259,640.16 205,474.86 (54,165.30)

Total Operating Expenses 259,640.16 205,474.86 (54,165.30)

Transfers Among Funds - Additions (Deductions)AXSC28 Internal Transfers 0.00 0.00 0.00AXSC29 External Transfers 127,036.90 0.00 (127,036.90)

Total Transfers 127,036.90 0.00 (127,036.90)

Net Increase (Decrease) in Net Assets 3,717,765.36 3,488,576.43 (175,023.63)Net Assets - Beginning of Year 5,470,599.98 5,680,420.33 209,820.35

Net Assets - End of Year 9,188,365.34 9,168,996.76 34,796.72


METROPOLITAN STATE COLLEGE OF DENVERCurrent Unrestricted Fund - Auxiliary

7

All Current Funds: Faculty & Administrators Support Staff Hourly Benefits Travel Materials & Supplies Equipment Scholarships Total FY04 Operating Expenses

Instruction 13,608,005 1,361,846 495,254 2,861,373 141,967 1,011,523 182,586 - 19,662,553 Public Service 44,587 - 89,743 9,359 7,324 82,930 - - 233,942 Academic Support 1,053,943 691,801 145,503 323,546 19,031 2,020,418 34,431 - 4,288,673 Student Services 1,382,701 1,070,159 800,343 445,872 42,269 802,983 34,235 - 4,578,561 Institutional Support 929,362 962,165 188,908 352,313 16,928 1,789,542 131,052 - 4,370,270 Operation and Maintenance of Plant 39,000 19,795 - 10,723 - 2,692,508 - - 2,762,026 Scholarships and Fellowships - - - - - - - 9,422,071 9,422,071 Scholarship Allowance - - - - - - - (9,533,180) (9,533,180) Auxiliary Enterprise Expenditures 1,629,024 1,198,292 571,102 475,158 168,709 3,846,867 336,067 216,204 8,441,423 Indirect Costs Recovered - - - - - 111,151 - - 111,151

Total Operating Expenses 18,686,622 5,304,058 2,290,851 4,478,344 396,229 12,357,922 718,371 105,095 44,337,491

Personnel

Statement of Expenses by Natural ClassificationFor All Current Funds

As of December 31, 2003Unaudited

8

Statement of Expenses by Natural ClassificationFor All Current Funds


Current Unrestricted - Appropriated: Faculty & Administrators Support Staff Hourly Benefits Travel Materials & Supplies Equipment Scholarships Total FY04 Instruction 12,383,691 1,096,178 80,243 2,559,217 82,272 604,970 159,174 - 16,965,746 Academic Support 942,171 686,510 43,756 301,398 13,383 1,855,152 11,527 - 3,853,897 Student Services 1,126,995 1,057,753 110,122 396,388 8,814 711,724 6,939 - 3,418,736 Institutional Support 831,987 943,420 77,825 333,822 14,252 1,714,096 131,052 - 4,046,454 Operation and Maintenance of Plant 39,000 19,795 - 10,723 - 2,692,508 - - 2,762,026 Scholarships and Fellowships - - - - - - - 424,401 424,401 Scholarship Allowance - - - - - - - (7,651,712) (7,651,712)

Total 31x Operating Expense 15,323,844 3,803,657 311,947 3,601,549 118,721 7,578,450 308,692 (7,227,312) 23,819,548

Current Unrestricted - Auxiliary: Faculty & Administrators Support Staff Hourly Benefits Travel Materials & Supplies Equipment Scholarships Total FY04 Auxiliary Enterprise 1,629,024 1,198,292 571,102 475,158 168,709 3,846,867 336,067 216,204 8,441,423 Scholarship Allowance - - - - - - - (1,881,468) (1,881,468)

Total 32 x Operating Expense 1,629,024 1,198,292 571,102 475,158 168,709 3,846,867 336,067 (1,665,264) 6,559,955

Current Restricted: Faculty & Administrators Support Staff Hourly Benefits Travel Materials & Supplies Equipment Scholarships Total FY04 Instruction 1,224,314 265,667 415,010 302,156 59,696 406,553 23,412 - 2,696,807 Public Service 44,587 - 89,743 9,359 7,324 82,930 - - 233,942 Academic Support 111,773 5,291 101,746 22,148 5,648 165,266 22,904 - 434,776 Student Services 255,706 12,405 690,221 49,484 33,455 91,259 27,295 - 1,159,825 Institutional Support 97,375 18,745 111,083 18,491 2,676 75,446 - - 323,816 Indirect Costs Recovered - - - - - 111,151 - - 111,151 Scholarships and Fellowships - - - - - - - 8,997,670 8,997,670 Scholarship Allowance - - - - - - - - -

Total 33 x Operating Expense 1,733,755 302,109 1,407,803 401,637 108,799 932,605 73,611 8,997,670 13,957,988

9

All Current Funds: Academic Affairs Admin & Finance Campus Wide Institutional

Advancement Information Technology President Student Services Total FY04

Instruction 19,118,955 37,916 (953,087) 32,153 - 1,407,570 19,046 19,662,553 Public Service 145,884 - - - - - 88,059 233,942 Academic Support 1,589,213 61,524 1,729,605 190,716 685,749 37 31,829 4,288,673 Student Services 89,399 400,376 158,016 414,802 398,815 12,375 3,104,779 4,578,561 Institutional Support 183,745 893,737 963,294 650,084 1,197,575 470,570 11,266 4,370,270 O & M of Plant - 69,404 2,692,622 - - - - 2,762,026 Scholarships and Fellowships - - 9,422,071 - - - - 9,422,071 Scholarship Allowance - - (9,533,180) - - - - (9,533,180) Auxiliary Enterprise 1,984,796 1,153,228 20,578 69,797 1,806,767 141,432 3,264,825 8,441,423 Indirect Costs Recovered 68,891 - - - - 4,579 37,681 111,151

Total 23,180,882 2,616,185 4,499,919 1,357,552 4,088,905 2,036,563 6,557,485 44,337,491

Statement of Expenses by VP AreaFor All Current Funds

As of December 31, 2003Unaudited

10

Statement of Expenses by VP AreaFor All Current Funds


CUF - State Appropriated Academic Affairs Admin & Finance Campus Wide Institutional

Advancement Information Technology President Student Services Total Fund 31x

Instruction 17,829,811 37,916 (953,087) 24,721 - 16,858 9,528 16,965,746 Academic Support 1,294,695 60,583 1,729,605 108,554 660,387 37 37 3,853,897 Student Services 33,107 276,883 158,016 412,302 310,874 12,375 2,215,179 3,418,736 Institutional Support 128,602 820,132 936,857 529,978 1,165,690 453,930 11,266 4,046,454 O & M of Plant - 69,404 2,692,622 - - - - 2,762,026 Scholarships and Fellowships - - 424,401 - - - - 424,401 Scholarship Allowance - - (7,651,712) - - - - (7,651,712)

Total 19,286,215 1,264,918 (2,663,299) 1,075,554 2,136,951 483,199 2,236,009 23,819,548

CUF - Auxiliary Academic Affairs Admin & Finance Campus Wide Institutional


Auxiliary Enterprise 1,984,796 1,153,228 20,578 69,797 1,806,767 141,432 3,264,825 8,441,423 Scholarship Allowance - - (1,881,468) - - - - (1,881,468)

Total 1,984,796 1,153,228 (1,860,890) 69,797 1,806,767 141,432 3,264,825 6,559,955

Current Restricted Fund Academic Affairs Admin & Finance Campus Wide Institutional


Instruction 1,289,144 - - 7,432 - 1,390,712 9,518 2,696,807 Public Service 145,884 - - - - - 88,059 233,942 Academic Support 294,517 942 - 82,163 25,362 - 31,792 434,776 Student Services 56,292 123,493 - 2,500 87,941 - 889,600 1,159,825 Institutional Support 55,143 73,605 26,437 120,106 31,885 16,640 - 323,816 Scholarships and Fellowships - - 8,997,670 - - - - 8,997,670 Indirect Costs Recovered 68,891 - - - - 4,579 37,681 111,151

Total 1,909,871 198,040 9,024,107 212,201 145,187 1,411,932 1,056,651 13,957,988

11

Fund Type Fund TitleBeginning

Fund BalanceFund Balance

Transfers RevenueNon-Labor Expense Labor Expense

External Transfers

Current Fund Balance

Educational Programs 255,697.99 0.00 78,891.26 (48,358.27) (75,634.43) 0.00 210,596.55Health Center 152,041.07 0.00 2,475,784.61 (916,374.18) (845,622.88) 0.00 865,828.62Student Activities 675,091.24 0.00 2,202,110.76 (614,253.82) (838,601.52) 300,000.00 1,724,346.66Other Auxiliary 2,518,268.67 0.00 1,412,194.53 (294,397.00) (534,372.44) (300,000.00) 2,801,693.76Other - Exempt 7,366.24 0.00 5,207.22 (424.05) 0.00 0.00 12,149.41

Total Exempt 3,608,465.21 0.00 6,174,188.38 (1,873,807.32) (2,294,231.27) 0.00 5,614,615.00

Athletics 38,440.26 0.00 951,751.06 (630,900.91) (183,045.34) 0.00 176,245.07Information Technology 51,327.99 0.00 2,515,255.64 (1,241,126.57) (473,029.46) 0.00 852,427.60Other Non-Exempt 154,177.51 0.00 1,083,137.83 (287,712.68) (177,937.12) 0.00 771,665.54

Total Non-Exempt 243,945.76 0.00 4,550,144.53 (2,159,740.16) (834,011.92) 0.00 1,800,338.21

Extended Campus 737,643.14 0.00 1,318,031.09 (460,560.98) (518,715.17) 0.00 1,076,398.08Teachers in Residence 347,534.21 0.00 613,640.00 (73,738.87) (226,617.40) 0.00 660,817.94Other Extended Campus 16,827.53 0.00 0.00 0.00 0.00 0.00 16,827.53

Total Extended Campus 1,102,004.88 0.00 1,931,671.09 (534,299.85) (745,332.57) 0.00 1,754,043.55

726,004.48 0.00 (2,607,472.08) 1,881,467.60 0.00 0.00 0.00

5,680,420.33 0.00 10,048,531.92 (2,686,379.73) (3,873,575.76) 0.00 9,168,996.76

Metropolitan State College of DenverAuxiliary Fund Balance and Ending Balances


Exempt

Non-Exempt

Extended Campus-Exempt

GASB 34/35

Grand Total

12

Title Fund Fund Title Beg Fund Balance Fund Additions/

Deductions Revenue Non-Labor Expense Labor Expense Transfers Current Fund Balance

204530 Total CUF-AUX-Conf & Seminars-Exempt 22,018.20 33,679.79 78,891.26 (48,358.27) (22,140.63) - 64,090.35204540 Total CUF-AUX-In House Conferences-Exempt 33,679.79 (33,679.79) - - 0.00 - -204550 Total CUF-AUX-Schl of Bus. Imprvmt-Exempt 200,000.00 - - - (53,493.80) - 146,506.20

Exempt - Educational Programs 255,697.99 - 78,891.26 (48,358.27) (75,634.43) - 210,596.55

202510 Total CUF-AUX-Health Center-Exempt 51,262.93 - 2,034,677.18 (685,832.74) (650,499.39) - 749,607.98202520 Total CUF-AUX-Hlth Cntr Drug Outle-Exempt 100,778.14 - 180,773.33 (181,908.89) - - 99,642.58202525 Total CUF-AUX-Counseling Center-Exempt - - 260,334.10 (48,632.55) (195,123.49) - 16,578.06

Exempt - Health Center 152,041.07 - 2,475,784.61 (916,374.18) (845,622.88) - 865,828.62

200110 Total CUF-AUX-Student Activities-Exempt 34,917.27 - 234,871.00 (101,640.05) (127,620.96) - 40,527.26200120 Total CUF-AUX-Student Government-Exempt 8,150.79 - 60,443.00 (19,483.53) (45,232.10) - 3,878.16200130 Total CUF-AUX-Student Travel-Exempt 305.46 - 33,294.00 (21,444.07) (6,936.75) - 5,218.64200140 Total CUF-AUX-Student Leadership Pgm-Exem 2,152.30 - 340.00 (342.65) - - 2,149.65200510 Total CUF-AUX-Student Finance Res Ctr-Exe 208.40 - 35,784.00 (1,937.51) (30,318.89) - 3,736.00200710 Total CUF-AUX-Campus Recreation-Exempt - - 2,056.10 (9,462.67) - - (7,406.57)200720 Total CUF-AUX-Outdoor Adventure-Exempt - - 3,894.00 (5,023.27) - - (1,129.27)200730 Total CUF-AUX-Shared Campus Recreation-Ex 16,990.91 - 235,512.36 (60,536.56) (179,617.68) - 12,349.03201010 Total CUF-AUX-Student Affairs Board-Exe 8,230.11 - 174,804.00 (6,211.45) (129,743.76) - 47,078.90201020 Total CUF-AUX-Women's Services-Exe 1,588.72 - 11,063.00 (885.61) - - 11,766.11201030 Total CUF-AUX-Forensics-Exe 25,456.69 - - - - - 25,456.69201040 Total CUF-AUX-Club Affairs Committee-Exe 5,052.16 - 26,984.00 (12,626.40) (3,664.94) - 15,744.82201050 Total CUF-AUX-Child Development Ctr.-Exe 3,258.00 - 4,317.00 - - - 7,575.00201060 Total CUF-AUX-SAB Ctr for Visual Arts-Exe 271.43 - 3,238.00 (6,000.00) - - (2,490.57)201070 Total CUF-AUX-Career Services-Exempt - - 119,267.00 (7,125.73) (91,118.00) - 21,023.27201520 Total CUF-AUX-Tri Inst. Legal Srvc-Exempt 24,034.89 - 44,954.00 (1,707.70) (2,399.29) - 64,881.90201600 Total CUF-AUX-GLBT Services-Exempt - - 39,396.00 (7,690.02) (27,640.84) - 4,065.14201610 Total CUF-AUX-Natural Helper Prgrm-Exempt 3,533.99 - 14,935.00 (2,192.96) (6,839.94) - 9,436.09201620 Total CUF-AUX-Student Publication-Exempt 24,612.32 - 111,133.40 (34,753.45) (68,882.10) - 32,110.17201630 Total CUF-AUX-Student Newspaper-Exempt 375.28 - 41,673.73 (28,953.40) (15,816.49) - (2,720.88)201640 Total CUF-AUX-Metrosphere-Exempt 117.59 - 6,476.00 (226.78) - - 6,366.81201650 Total CUF-AUX-Child Care Center-Exempt 2,081.91 - 16,190.00 (14,536.06) - - 3,735.85201680 Total CUF-AUX-Laptop Lease Program-Exe - - 12,550.00 (67.73) - - 12,482.27202530 Total CUF-AUX-Disability Services-Exempt - - - (32,317.22) (97,049.77) 300,000.00 170,633.01205040 Total CUF-AUX-Theatre & Drama-Exempt 134.06 - 40,470.20 (33,267.84) (3,360.01) - 3,976.41205060 Total CUF-AUX-Music Activities-Exempt 100.89 - 22,552.40 (15,620.22) - - 7,033.07206010 Total CUF-AUX-General Admin-Exempt 325,526.77 - 905,912.57 (190,200.94) (2,360.00) - 1,038,878.40206030 Total CUF-AUX-Enrllmnt Shrtfl Rsrv-Exempt 187,991.30 - - - - - 187,991.30

Exempt - Student Activity 675,091.24 - 2,202,110.76 (614,253.82) (838,601.52) 300,000.00 1,724,346.66

200520 Total CUF-AUX-Student STL Program-Exempt 51,231.74 - 11,008.35 (2,045.43) (2,655.53) - 57,539.13201660 Total CUF-AUX-VA Repoting Account-Exempt 12,136.29 - - (12,654.36) (1,785.00) - (2,303.07)201670 Total CUF-AUX-Combined Comp Acces Ctr-Exe 7,380.53 - - (1,390.83) (16,847.30) - (10,857.60)202020 Total CUF-AUX-Act Prep & CAT Test-Exempt 6,853.97 - 11,101.00 (9,413.01) (1,568.35) - 6,973.61202030 Total CUF-AUX-ACT Preparation-Exempt (397.60) - - (70.00) - - (467.60)202060 Total CUF-AUX-Dnvr Tchr Emplymnt Fair-Exe 500.95 - - - - - 500.95203010 Total CUF-AUX-President's Office-Exempt (4,137.87) - - - - - (4,137.87)203020 Total CUF-AUX-Wrld Frndshp Festivl-Exempt 1,694.80 - - - - - 1,694.80204010 Total CUF-AUX-AA-Office-Exempt 28,596.74 - - - - - 28,596.74204020 Total CUF-AUX-Prior Learn Assesmnt-Exempt 7,295.88 - 10,603.60 (795.27) (3,721.21) - 13,383.00204040 Total CUF-AUX-Coop Ed Support-Exempt (109.74) - - (26.00) - - (135.74)204505 Total CUF-AUX-School of Business-Exempt 255.38 - - - - - 255.38204510 Total CUF-AUX-CMS Sponsor Fund-Exempt 414.50 - - - - - 414.50205005 Total CUF-AUX-School of LAS-Exempt 5,487.60 - - - - - 5,487.60205010 Total CUF-AUX-Int'l Education-Exempt 1,231.63 - - - - - 1,231.63205030 Total CUF-AUX-Modern Lang Spec Act-Exempt (948.02) - - (302.91) - - (1,250.93)205070 Total CUF-AUX-Ensemble Music-Exempt 1,561.72 - 1,512.80 (1,190.43) - - 1,884.09205075 Total CUF-AUX-Alumni Choir-Exempt (99.41) - - - - - (99.41)205080 Total Summer Mathematics & Sciences Wkshp 4,687.46 - 3,500.00 (3,508.46) (62.24) - 4,616.76205090 Total CUF-AUX-Residual Lockheed Martin-Ex 16,849.80 - - - - - 16,849.80205530 Total CUF-AUX-School of Prof Stdes-Exempt 28,588.59 - 6,520.00 (8,861.37) (1,126.34) - 25,120.88205560 Total CUF-AUX-Com Dev Cntr Summ P-Exempt (14,753.09) - 3,761.00 (946.43) (7,583.05) - (19,521.57)205590 Total CUF-AUX-Hlth & Human Service-Exempt 1,952.36 - - - - - 1,952.36205600 Total CUF-AUX-Human Svc-Early Child.-Ex 37,699.65 - - (1,257.78) (112.00) - 36,329.87205710 Total CUF-AUX-MST-In State-Exempt 39,878.02 - 57,289.71 (7,069.23) - - 90,098.50205720 Total CUF-AUX-MST-Out State-Exempt (4,181.59) - 45,500.00 (16,678.22) (51,569.25) - (26,929.06)206015 Total CUF-AUX-Colotrust Investment Exempt 190,634.00 - - - - - 190,634.00

13

Title Fund Fund Title Beg Fund Balance Fund Additions/

Deductions Revenue Non-Labor Expense Labor Expense Transfers Current Fund Balance 206016 Total CUF-AUX-Prsdnt's House Prin-Exempt 127,036.90 - - - - - 127,036.90206020 Total CUF-AUX-Self Maintaining-Exempt 1,905,725.92 - 1,058,543.59 (194,487.84) (411,296.94) (300,000.00) 2,058,484.73206040 Total CUF-AUX-FinAid Administrtion-Exempt 14,990.53 - 92,107.86 (32,968.76) (33,350.23) - 40,779.40206070 Total CUF-AUX-Dept. of Ed Pr Yr-Exempt (3,000.00) - - - - - (3,000.00)206080 Total CUF-AUX-Student Health Ins.-Exempt (616.30) - - - - - (616.30)206090 Total CUF-AUX -OSC Interest Aux-Exempt (0.01) - - - - - (0.01)206095 Total CUF-AUX -Interest Aux-Exempt - - 109,892.00 - - - 109,892.00207010 Total CUF-AUX-Alumni&MSCD Spec Dev-Exempt 53,827.34 - 854.62 (730.67) (2,695.00) - 51,256.29

Exempt - Other Auxiliary 2,518,268.67 - 1,412,194.53 (294,397.00) (534,372.44) (300,000.00) 2,801,693.76

202070 Total CUF-AUX-Career Day-Exempt - - 3,982.22 (332.17) - - 3,650.05205085 Total CUF-AUX-Tech Tracks 7,366.24 - 1,225.00 (91.88) - - 8,499.36

Exempt - Other Exempt 7,366.24 - 5,207.22 (424.05) - - 12,149.41

261100 Total CUF-AUX-Athletics-Fees-N/Exe 15,606.90 - 790,321.56 (387,967.76) (183,045.34) - 234,915.36261110 Total CUF-AUX-Sports Info-N/Exe 13.26 - 8,936.00 (8,699.09) - - 250.17261500 Total CUF-AUX-Athletic Training-N/Exe 4.17 - 7,885.00 (8,584.64) - - (695.47)262100 Total CUF-AUX-Men's Sports-Basketball-N/E 2.74 - 33,581.50 (68,783.70) - - (35,199.46)262200 Total CUF-AUX-Men's Sports-Baseball-N/E 6,150.26 - 13,142.00 (10,111.87) - - 9,180.39262300 Total CUF-AUX-Men's Sports-Tennis-N/E 2,250.53 - 3,417.00 (1,361.68) - - 4,305.85262400 Total CUF-AUX-Men's Sports-Soccer-N/E 64.56 - 13,142.00 (30,556.99) - - (17,350.43)262500 Total CUF-AUX-Men's Sports-Swimming-N/E 11,926.78 - 1,577.00 (4,746.28) - - 8,757.50265100 Total CUF-AUX-Women's Spts-Volleyball-N/E 2,403.28 - 28,276.00 (33,902.39) - - (3,223.11)265200 Total CUF-AUX-Women's Spts-Swimming-N/E 6.36 - 7,885.00 (4,290.00) - - 3,601.36265300 Total CUF-AUX-Women's Spts-Basketball-N/E 6.71 - 23,349.00 (25,247.02) - - (1,891.31)265400 Total CUF-AUX-Women's Spts-Tennis-N/E 4.58 - 4,468.00 (5,594.96) - - (1,122.38)265500 Total CUF-AUX-Women's Spts-Soccer-N/E 0.13 - 15,771.00 (41,054.53) - - (25,283.40)

Non-Exempt - Athletics 38,440.26 - 951,751.06 (630,900.91) (183,045.34) - 176,245.07

260130 Total CUF-AUX-Phone Registration-N/Exe 15,277.33 - 175,510.12 (66,419.39) (40,054.39) - 84,313.67260140 Total CUF-AUX-Transcripts/Fax A&R-N/Exe 30,366.44 - 25,337.00 (35.10) - - 55,668.34267520 Total CUF-AUX-A&F-Info Tech-Fees-MSCD-N/E 5,684.22 - 2,314,408.52 (1,174,672.08) (432,975.07) - 712,445.59

Non-Exempt - Information Technology 51,327.99 - 2,515,255.64 (1,241,126.57) (473,029.46) - 852,427.60

260110 Total CUF-AUX-HPSL-N/Exe 15,544.85 - 5,440.00 (3,654.24) - - 17,330.61260180 Total CUF-AUX-Frshman Orientation-N/Exe 5,890.74 - 35,681.00 (13,532.58) (12,480.23) - 15,558.93260200 Total CUF-AUX-Career Services-N/Exe 22,604.40 - 3,418.45 (1,342.55) - - 24,680.30260210 Total CUF-AUX-Career Counseling-N/Exe 0.67 - - - - - 0.67266100 Total CUF-AUX-IA-Commencement-N/E 10,254.05 - 34,600.00 - - - 44,854.05266510 Total CUF-AUX-PS-Leisure Studies-N/E 909.05 - - - - - 909.05266520 Total CUF-AUX-PS-Technical Comm-N/E 809.32 - - - - - 809.32266530 Total CUF-AUX-PS-Child Dev Center-N/E 11,458.25 - 24,531.62 (7,746.53) (19,918.86) - 8,324.48267510 Total CUF-AUX-Adm&Fin-Matric Fee-N/E 6,367.64 - 50,643.26 (14,757.12) - - 42,253.78267540 Total CUF-AUX-A&F-Internet Fees-Cmpus-NE 19,772.29 - 915,848.50 (246,679.66) (145,538.03) - 543,403.10268010 Total CUF-AUX-IA-Catalog Sales-N/E 60,566.25 - 12,975.00 - - - 73,541.25

Non-Exempt - Other 154,177.51 - 1,083,137.83 (287,712.68) (177,937.12) - 771,665.54

204050 Total CUF-AUX-ECCP-Exempt 609,123.95 - - (33,823.00) - - 575,300.95204061 Total CUF-AUX-Outreach & Other Programs (18,382.65) - 124,114.28 (18,094.57) (42,952.02) - 44,685.04204062 Total CUF-AUX-Metro North 35,794.77 - 194,819.45 (51,464.48) (128,908.56) - 50,241.18204063 Total CUF-AUX-Metro South 65,371.78 - 703,958.46 (299,180.12) (223,889.80) - 246,260.32204064 Total CUF-AUX-Correspondence 45,798.41 - 264,185.00 (36,514.56) (81,689.35) - 191,779.50204066 Total CUF-AUX-Development/New Programs 488.88 - - (1,955.45) (22,999.60) - (24,466.17)204067 Total CUF-AUX-Improving Early Learning (552.00) - 30,953.90 (19,528.80) (18,275.84) - (7,402.74)

Extended Campus - Core 737,643.14 - 1,318,031.09 (460,560.98) (518,715.17) - 1,076,398.08

205595 Total CUF-AUX-Teachers in Residenc-Exempt 356,897.79 - 377,880.00 (55,533.32) (125,278.27) - 553,966.20205596 Total CUF-AUX-TIR Special Ed Prgm-Exempt (9,363.58) - 235,760.00 (18,205.55) (101,339.13) - 106,851.74

Extended Campus - Teacher in Residence 347,534.21 - 613,640.00 (73,738.87) (226,617.40) - 660,817.94

204030 Total CUF-AUX-Prof Devlop Workshps-Exempt 9,874.82 - - - - - 9,874.82204052 Total Rite of Passage 6,952.71 - - - - - 6,952.71

Extended Campus - Other 16,827.53 - - - - - 16,827.53

209999 Total CUF-AUX-GASB-Exempt 419,298.61 - (1,410,019.55) 990,720.94 - - -269999 Total CUF-AUX-GASB-N/E 306,705.87 - (1,197,452.53) 890,746.66 - - -

GASB or Fringe Reserve 726,004.48 - (2,607,472.08) 1,881,467.60 - - - Grand Total 5,680,420.33 - 10,048,531.92 (2,686,379.73) (3,873,575.76) - 9,168,996.76

14

Date: 1/16/04


Revenues and Other AdditionsCRSC5 Federal Grants & Contracts 7,099,784.13 7,795,632.14 695,848.01CRSC6 State Grants & Contracts 5,154,602.45 4,965,287.61 (189,314.84)CRSC7 Local Grants & Contracts 31,103.00 10,925.03 (20,177.97)CRSC11 Other Operating Revenue (8,795.90) 0.00 8,795.90

Total Revenues 12,276,693.68 12,771,844.78 495,151.10

Expenditures and Other DeductionsCRSC12 Instruction 2,687,736.16 2,696,807.01 9,070.85CRSC13 Public Service 242,512.24 233,942.39 (8,569.85)CRSC14 Academic Support 536,214.48 434,775.90 (101,438.58)CRSC15 Student Services 1,016,396.17 1,159,825.14 143,428.97CRSC16 Institutional Support 203,937.16 323,816.06 119,878.90CRSC18 Scholarships & Fellowships 8,548,805.74 8,997,669.83 448,864.09CRSC21 Indirect Costs Recovered 116,363.97 111,151.48 (5,212.49)

Total Expenditures and Other Deductions 13,351,965.92 13,957,987.81 606,021.89

Non-Operating Revenues (Expenses)CRSC25 Interest Income 8,795.90 1,025.07 (7,770.83)CRSC27 Non-Operating Gift & Donations 1,101,846.34 1,243,410.96 141,564.62

Total Operating Expenses 1,110,642.24 1,244,436.03 133,793.79

Transfers Among Funds - Additions (Deductions)CRSC28 Internal Transfers (35,370.00) (58,293.00) (22,923.00)

Total Transfers (35,370.00) (58,293.00) (22,923.00)

Net Increase (Decrease) in Net Assets 0.00 0.00 0.00Net Assets - Beginning of Year 0.00 0.00 0.00

Net Assets - End of Year 0.00 0.00 0.00


METROPOLITAN STATE COLLEGE OF DENVERCurrent Restricted Fund

15

Date: 1/16/04


Revenues and Other AdditionsLNSC10 Operating Interest Income 96,845.39 71,483.71 (25,361.68)LNSC11 Other Operating Revenue 180,951.20 388,245.91 207,294.71

Total Operating Revenues 277,796.59 459,729.62 181,933.03

Expenditures and Other DeductionsLNSC16AD Administrative & Collection Costs 33,227.75 45,858.14 12,630.39LNSC16B Bank Charges 376.98 362.56 (14.42)LNSC16LC Loan Cancellations & Write-Offs 95,610.58 75,839.13 (19,771.45)LNSC23RE Refunded to Grantors 51,157.86 438,293.82 387,135.96LNSC23S Stafford Loans 93,996.53 0.00 (93,996.53)

Total Expenditures and Other Deductions 274,369.70 560,353.65 285,983.95

Transfers Among Funds - Additions (Deductions)LNSC28 Internal Transfers 58,293.00 58,293.00 0.00

Total Transfers 58,293.00 58,293.00 0.00

Net Increase (Decrease) in Net Assets 61,719.89 (42,331.03) (104,050.92)Net Assets - Beginning of Year 10,021,141.75 9,776,569.35 (244,572.40)

Net Assets - End of Year 10,082,861.64 9,734,238.32 (348,623.32)


METROPOLITAN STATE COLLEGE OF DENVERLoan Fund

16

Date: 1/16/04


Revenues and Other AdditionsPLSC8 Expended for Plant Facilities 222,528.68 36,517.10 (186,011.58)

Total Revenues 222,528.68 36,517.10 (186,011.58)

Expenditures and Other DeductionsPLSC22 Depreciation 0.00 465,307.21 465,307.21PLSC23 Other Operating Expenses 238,287.00 0.00 (238,287.00)

Total Expenditures and Other Deductions 238,287.00 465,307.21 227,020.21

Net Increase (Decrease) in Net Assets (15,758.32) (428,790.11) (413,031.79)Net Assets - Beginning of Year 3,894,688.04 4,125,750.94 231,062.90

Net Assets - End of Year 3,878,929.72 3,696,960.83 (181,968.89)


METROPOLITAN STATE COLLEGE OF DENVERPlant Fund

17

Date: 1/16/04


Operating Revenues and Other AdditionsPRSC2 Scholarship Discounts and Allowances (Revenue) 0.00 0.00 0.00

Total Operating Revenues 0.00 0.00 0.00

Operating Expenses & DeductionsPRSC19 Scholarship Discounts and Allowances (Contra-Exp) 0.00 0.00 0.00

Total Operating Expenses 0.00 0.00 0.00

Net Increase (Decrease) in Net Assets 0.00 0.00 0.00Net Assets - Beginning of Year 0.00 540,377.00 540,377.00

Net Assets - End of Year 0.00 540,377.00 540,377.00


METROPOLITAN STATE COLLEGE OF DENVERGASB 34/35 Adjustments

18

Summary of Changes Statement of Net Assets

December 31, 2003

Following is a brief summary of significant changes/items in the Statement of Net Assets for the period ending December 31, 2003. The following statements are unaudited and subject to change.

1. The $1.7 million decrease in cash is due mainly to the timing of our payment to AHEC for the third quarter and an overall decrease in State Financial Aid.

2. The increase of $948K under Accounts Receivable is the combination of increases in tuition revenue and enrollment.

3. The increase of $1.1 million under Accounts Receivable-Other is caused mainly by the timing of state financial aid cash

receipts.

4. Prepaid Expense shows an increase of $ 1.6 million and is due to the timing of the payment to AHEC for 3rd quarter as mentioned in item 1.

5. The $353K decrease in Deferred Revenue is due to the decrease in the second CCHE payment for Financial Aid. Overall, the

money that the School will receive from CCHE for fiscal year 2004 has decreased around $900K.

6. The increase of $523K in Deposits Held in Custody of Others is mostly a timing issue related to spring insurance adjustments clearing and payment of payroll liabilities.

7. The $227K decrease in the Non-Current portion of Compensated Absences is the change for previous fiscal year. This

estimate is updated in the year-end financial statements.

19

Current Current Student GASB 34/35 Combined CombinedAppropriated Auxiliary Restricted Loan Plant Agency Adjustments FY04 FY03 Difference

ASSETSCurrent AssetsCash & Cash Equivalents 1 5,214,171 4,738,514 1,647,692 384,829 989,506 3,684,072 540,377 17,199,161 18,987,057 (1,787,895) Accounts Receivable-Student 2 19,204,007 3,964,707 - - - 1,450,094 - 24,618,808 23,670,056 948,753 Accounts Receivable-Other 3 1,373 302,379 1,536,818 - - - - 1,840,571 719,405 1,121,166 Loans Receivable - 47,252 - 1,181,215 - - - 1,228,467 1,304,066 (75,599) Prepaid Expense 4 1,662,898 - 2,000 - - - - 1,664,898 2,126 1,662,772

Total Current Assets 26,082,449 9,052,852 3,186,510 1,566,044 989,506 5,134,166 540,377 46,551,905 44,682,709 1,869,196

Non-Current AssetsInvestments - 190,634 - - - - - 190,634 190,634 - Loans Receivable - - - 8,173,922 - - - 8,173,922 8,243,657 (69,734) Equipment, (Net of Depreciation) - - - - 2,707,455 - - 2,707,455 2,963,570 (256,115)

Total Non-Current Assets - 190,634 - 8,173,922 2,707,455 - - 11,072,012 11,397,860 (325,849)

TOTAL ASSETS 26,082,449 9,243,486 3,186,510 9,739,967 3,696,961 5,134,166 540,377 57,623,917 56,080,570 1,543,347

LIABILITIESCurrent LiabilitiesAccounts Payable 123,391 74,490 19,657 7,224 - 805 - 225,567 110,105 115,462 Accrued Payroll - - - - - 470,798 - 470,798 420,290 50,508 Deferred Revenue 5 - - 3,183,690 - - - - 3,183,690 3,536,810 (353,120) Compensated Absences 201,020 - - - - - - 201,020 149,283 51,737 Due to Students (19,376) - (16,837) (1,496) - (9,237) - (46,946) (34,739) (12,207) Deposits Held in Custody for Others 6 - - - - - 4,671,800 - 4,671,800 4,147,996 523,804

Total Current Liabilities 305,035 74,490 3,186,510 5,728 - 5,134,166 - 8,705,929 8,329,746 376,184

Non-Current LiabilitiesCompensated Absences 7 1,714,919 - - - - - - 1,714,919 1,942,278 (227,358)

Total Non-Current Liabilities 1,714,919 - - - - - - 1,714,919 1,942,278 (227,358)

TOTAL LIABILITIES 2,019,954 74,490 3,186,510 5,728 - 5,134,166 - 10,420,849 10,272,024 148,825

NET ASSETSInvested in Capital Assets - - - - 2,707,455 - - 2,707,455 2,963,570 (256,115) Restricted for Expendable Purposes - - - 9,734,238 - - - 9,734,238 10,082,862 (348,623) Unrestricted 24,062,495 9,168,997 - - 989,506 - 540,377 34,761,374 32,762,115 1,999,260

TOTAL NET ASSETS 24,062,495 9,168,997 - 9,734,238 3,696,961 - 540,377 47,203,068 45,808,546 1,394,522

TOTAL LIABILITIES AND NET ASSETS 26,082,449 9,243,486 3,186,510 9,739,967 3,696,961 5,134,166 540,377 57,623,917 56,080,570 1,543,347

Unaudited

Statement of Net AssetsAs of December 31, 2003

20

Date: 1/15/04

Workpaper Reference Description YTD Prior Year YTD This Year

Difference This Year

AssetsCurrentAPBS1 Cash & Cash Equivalents 6,719,274.61 5,214,170.67 (1,505,103.94)APBS2 Accounts Receivable-Student 18,098,911.78 19,204,007.45 1,105,095.67APBS3 Accounts Receivable-Other (944.36) 1,373.46 2,317.82APBS5 Prepaid Expenses 0.00 1,662,897.50 1,662,897.50

Total Current Assets 24,817,242.03 26,082,449.08 1,265,207.05

Total Assets 24,817,242.03 26,082,449.08 1,265,207.05

CurrentAPBS9 Accounts Payable 127,796.96 123,390.82 (4,406.14)APBS12 Compensated Absences-Current 149,283.34 201,020.36 51,737.02APBS13 Due to Students (60,505.49) (19,376.43) 41,129.06

Total Current Liabilities 216,574.81 305,034.75 88,459.94

APBS15 Compensated Absences Liability 1,942,277.84 1,714,919.41 (227,358.43)Total Non-Current Liabilities 1,942,277.84 1,714,919.41 (227,358.43)

APBS18 Unallocated Net Assets 22,658,389.38 24,062,494.92 1,404,105.54Total Fund Balance 22,658,389.38 24,062,494.92 1,404,105.54

Total Liabilities and Net Assets 24,817,242.03 26,082,449.08 1,265,207.05

Net Assets


Liabilities and Fund Balance

METROPOLITAN STATE COLLEGE OF DENVERCurrent Unrestricted Fund - AppropriatedSNA

Non-Current

Unaudited

21

Date: 1/15/04

Unaudited



AssetsCurrentAXBS1 Cash & Cash Equivalents 4,872,474.26 4,738,514.13 (133,960.13)AXBS2 Accounts Receivable-Student 4,068,399.36 3,964,706.79 (103,692.57)AXBS3 Accounts Receivable-Other (15,093.77) 302,379.22 317,472.99AXBS4 Loans Receivable 36,254.58 47,252.26 10,997.68AXBS5 Prepaid Expenses 2,126.00 (0.00) (2,126.00)

Total Current Assets 8,964,160.43 9,052,852.40 88,691.97

AXBS6 Investments 190,634.00 190,634.00 0.00Total Non-Current Assets 190,634.00 190,634.00 0.00

Total Assets 9,154,794.43 9,243,486.40 88,691.97

CurrentAXBS9 Accounts Payable (33,571.35) 74,489.64 108,060.99AXBS13 Due to Students 0.44 (0.00) (0.44)

Total Current Liabilities (33,570.91) 74,489.64 108,060.55

AXBS18 Unrestricted Net Assets 9,188,365.34 9,168,996.76 (19,368.58)Total Net Assets 9,188,365.34 9,168,996.76 (19,368.58)

Total Liabilities and Net Assets 9,154,794.43 9,243,486.40 88,691.97

Net Assets


Liabilities and Fund Balance

METROPOLITAN STATE COLLEGE OF DENVERCurrent Unrestricted Fund - Auxiliary EnterprisesSNA

Non-Current

22

Date: 1/15/04

Unaudited



AssetsCurrentCRBS1 Cash & Cash Equivalents 2,792,498.05 1,647,691.91 (1,144,806.14)CRBS2 Accounts Receivable-Student (400.00) 0.00 400.00CRBS3 Accounts Receivable-Other 741,198.90 1,536,818.18 795,619.28CRBS5 Prepaid Expenses 0.00 2,000.00 2,000.00

Total Current Assets 3,533,296.95 3,186,510.09 (346,786.86)

Total Assets 3,533,296.95 3,186,510.09 (346,786.86)

CurrentCRBS9 Accounts Payable 15,377.45 19,656.75 4,279.30CRBS10 Accrued Payroll 0.00 0.00 0.00CRBS11 Deferred Revenue 3,536,810.00 3,183,690.00 (353,120.00)CRBS13 Due to Students (18,890.50) (16,836.66) 2,053.84

Total Current Liabilities 3,533,296.95 3,186,510.09 (346,786.86)

CRBS18 Unrestricted Net Assets 0.00 (0.00) (0.00)Total Net Assets 0.00 (0.00) (0.00)

Total Liabilities and Net Assets 3,533,296.95 3,186,510.09 (346,786.86)

Note: Financial aid funds received from CCHE moved from A/R Other to Deferred Revenue for combined lead.

METROPOLITAN STATE COLLEGE OF DENVERCurrent Restricted FundSNA

Net Assets


Liabilities and Net Assets

23

Date: 1/15/04



AssetsCurrentLNBS1 Cash & Cash Equivalents 565,051.42 384,829.45 (180,221.97)LNBS3 Accounts Receivable-Other 2,911.30 0.00 (2,911.30)LNBS4 Loans Receivable 0.00 1,181,214.83 1,181,214.83

Total Current Assets 567,962.72 1,566,044.28 998,081.56

LNBS7 Loans Receivable 9,511,467.93 8,173,922.45 (1,337,545.48)Total Non-Current Assets 9,511,467.93 8,173,922.45 (1,337,545.48)

Total Assets 10,079,430.65 9,739,966.73 (339,463.92)

CurrentLNBS9 Accounts Payable 0.00 7,224.41 7,224.41LNBS13 Due to Students (3,430.99) (1,496.00) 1,934.99

Total Current Liabilities (3,430.99) 5,728.41 9,159.40

LNBS17 Net Assets Restricted for Expendable Purposes 10,082,861.64 9,734,238.32 (348,623.32)Total Net Assets 10,082,861.64 9,734,238.32 (348,623.32)


Net Assets



METROPOLITAN STATE COLLEGE OF DENVERLoan FundSNA

Non-Current

Unaudited

24

Date: 1/15/04



Assets

PLBS1 Cash and Cash Equivalents 915,359.96 989,505.66 74,145.70PLBS8 Equipment (net of depreciation) 2,963,569.76 2,707,455.17 (256,114.59)

Total Assets 3,878,929.72 3,696,960.83 (181,968.89)

PLBS16 Investment in Capital Assets 2,963,569.76 2,707,455.17 (256,114.59)PLBS18 Unrestricted Net Assets 915,359.96 989,505.66 74,145.70




METROPOLITAN STATE COLLEGE OF DENVERPlant FundSNA

Unaudited

25

Date: 1/15/04



Assets

AGBS1 Cash and Cash Equivalents 3,122,398.26 3,684,072.31 561,674.05AGBS2 Accounts Receivable-Student 1,503,144.72 1,450,094.14 (53,050.58)AGBS3 Accounts Receivable-Other (8,667.11) 0.00 8,667.11

Total Assets 4,616,875.87 5,134,166.45 517,290.58

AGBS9 Accounts Payable 502.00 805.00 303.00AGBS10 Accrued Payroll 420,290.44 470,798.47 50,508.03AGBS13 Due to Students 48,087.07 (9,237.16) (57,324.23)AGBS14DEP Deposits Held in Custody for Others 2,039,160.03 2,650,521.67 611,361.64AGBS14NA Net Assets 2,108,836.33 2,021,278.47 (87,557.86)

Total Liabilities and Net Assets 4,616,875.87 5,134,166.45 517,290.58



METROPOLITAN STATE COLLEGE OF DENVERAgency FundSNA

Unaudited

26

Date: 1/15/04

Workpaper Reference Description YTD Prior Year YTD This Year Difference This Year

AssetsCurrentPRBS1 Cash & Cash Equivalents 0.00 540,377.00 540,377.00PRBS4 Loans Receivable (Current) 1,267,811.34 0.00 (1,267,811.34)

Total Current Assets 1,267,811.34 540,377.00 (727,434.34)

PRBS7 Loans Receivable (LT) (1,267,811.34) 0.00 1,267,811.34Total Non-Current Assets (1,267,811.34) 0.00 1,267,811.34

Total Assets 0.00 540,377.00 540,377.00

PRBS18 Unrestricted Net Assets 0.00 540,377.00 540,377.00Total Net Assets 0.00 540,377.00 540,377.00

Total Liabilities and Net Assets 0.00 540,377.00 540,377.00

METROPOLITAN STATE COLLEGE OF DENVERGASB 34/35 AdjustmentsSNA

Unaudited

Net Assets

Non-Current



27

InstitutionAppropriated Auxiliary Restricted Loan Fund Plant Fund Agency Fund Presentation Fund Wide

Cash Flows from Operating Activities:

Cash Received:Tuition and Fees 9,231,230.29 6,399,892.06 - - - - - 15,631,122Sales of Services (135,841.79) (2,224,662.54) - - - - - (2,360,504)Grants and Contracts - - 16,369,989.27 - - - - 16,369,989Student Loans Collected - - - 1,529,790.75 - - - 1,529,791Other Operating Receipts 675,565.03 1,661,950.77 - - - - - 2,337,516

Cash Payments:Payments to or for Employees (24,163,821.82) (3,873,575.76) (3,845,303.29) - - - - (31,882,701)Payments to Suppliers (10,086,791.25) (4,333,166.66) (1,189,932.95) - - - - (15,609,891)Scholarships Disbursed 7,227,311.71 1,665,263.54 (8,997,669.83) - - - - (105,095)Student Loans Disbursed - - - (1,471,788.12) - - - (1,471,788)

Net Cash provided (used) by operating Activities (17,252,347.83) (704,298.59) 2,337,083.20 58,002.63 - - - (15,561,561)

Cash Flows from Noncapital Financing Activities:

State Appropriations, noncapital 17,930,585.00 - - - - - - 17,930,585Transfers (to)/from Other Institutions - - - - - - - 0Internal Transfers - - (58,293.00) 58,293.00 - - - 0Agency (Direct Lending Inflows) - - - - 19,641,549.71 - 19,641,550Agency (Direct Lending Outflows) - - - - (19,604,395.26) - (19,604,395)Other Agency (Inflows) - - - - 2,277,647.62 - 2,277,648Other Agency (Outflows) - - - - (5,284,749.31) - (5,284,749)Net Cash provided (used) by Noncapital Financing Activities 17,930,585.00 - (58,293.00) 58,293.00 - (2,969,947.24) - 14,960,638

Cash Flows from Capital & Related Financing Activities:

Acquisition of Capital Assets 36,739.10 - - - - - - 36,739Net cash provided (used) by Capital & Related Financing Activities 36,739.10 - - - - - - 36,739

Cash Flows from Investing Activities:

Investment Earnings 80,449.61 205,474.86 1,025.07 - - - - 286,950Investment and Interest Income on Loan Funds - - - 71,483.71 - - - 71,484Net Cash provided (used) by Investing Activities 80,449.61 205,474.86 1,025.07 71,483.71 - - - 358,433

Net Increase (Decrease) in cash 795,425.88 (498,823.73) 2,279,815.27 187,779.34 - (2,969,947.24) - (205,750)Beginning Cash Balance 4,418,744.79 5,237,337.86 (632,123.36) 197,050.11 989,505.66 6,654,019.55 540,377.00 17,404,912Ending Cash Balance 5,214,170.67 4,738,514.13 1,647,691.91 384,829.45 989,505.66 3,684,072.31 540,377.00 17,199,161

Metropolitan State College of DenverStatement of Cash Flows

For the Month Ended December 31, 2003Unaudited

28

Reconciliation of net operating Income (Loss) to net cash provided (used) by operating activities

Operating Income (Loss) 4,718,058.93 3,283,101.57 (1,186,143.03) (100,624.03) (428,790.11) - - 6,285,603Adjustment to reconcile:

Depreciation Expense - - - - 465,307.21 - - 465,307Expended for Plant Facilities (36,517.10) - (36,517)Addition to Plant Fund (36,739.10) - - - - - - (36,739)Non-Cash Operating Revenue - - - - - - - 0Non-Cash Operating Expense - - - - - - - 0Non-Operating Revenue (Expense) - - 1,243,410.96 - - - - 1,243,411Operating Interest - - - (71,483.71) - - - (71,484)

Decrease (Increase) in Assets:Accounts Receivable (16,902,227.21) (3,521,111.10) (557,477.05) 6,541.23 - - - (20,974,274)Prepaid Expense (1,651,429.30) 10,709.36 (2,000.00) - - - - (1,642,720)Other Assets 1,781.13 - - 217,840.73 - - - 219,622

Increase (Decrease) in Liabilities:Accounts Payable (72,197.99) 7,780.25 355.08 7,224.41 - - - (56,838)Deferred Revenue (1,866,206.99) (484,765.67) 2,912,210.58 - - - - 561,238Accrued Payroll (1,122,825.32) - - - - - - (1,122,825)Other Liabilities (320,561.98) (13.00) (73,273.34) (1,496.00) - - - (395,344)

Net cash provided (used) by Operating Activities (17,252,347.83) (704,298.59) 2,337,083.20 58,002.63 (0.00) - - (15,561,561)

29

Metropolitan State College of Denver

Revised Fiscal Year 2004 Operating Budget

30

FY04 FY04 FY04 FY04 FY04 FY04Estimated Estimated Estimated Estimated Estimated Estimated

Actual Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual BudgetFY03 2/4/2004 FY03 2/4/2004 FY03 2/4/2004 FY03 2/4/2004 FY03 2/4/2004 FY03 2/4/2004

1 Operating Revenues2 Tuition & Fees 36,414,316 39,355,169 10,263,062 10,454,097 46,677,378 49,809,2663 Less: Scholarship Allowance (9,865,261) (9,900,000) (2,720,933) (2,800,000) (12,586,194) (12,700,000)4 Net Tuition and Fee Revenue 26,549,055 29,455,169 7,542,129 7,654,097 0 0 0 0 0 0 34,091,184 37,109,26656 Sales & Services of Educational Dept. (238,503) (240,000) 393,190 362,900 154,687 122,9007 Sales & Services of Auxiliary Enterprises 2,298,614 2,503,672 2,298,614 2,503,6728 Federal Grants and Contracts 146,824 150,000 15,026,160 13,000,000 15,172,984 13,150,0009 State Grants and Contracts 11,321,388 11,000,000 11,321,388 11,000,000

10 Local Grants and Contracts 88,917 88,917 011 Private Grants and Contracts 0 012 Expended for Plant Facilities 1,301,008 1,301,008 013 Indirect Cost Recoveries 242,555 200,260 242,555 200,26014 Operating Interest 255,406 250,000 255,406 250,00015 Other Revenue 1,116,820 1,214,932 2,458,110 2,193,247 341,644 340,000 3,916,574 3,748,17916 Total Operating Revenue 27,669,927 30,630,361 12,838,867 12,863,916 26,436,465 24,000,000 597,050 590,000 1,301,008 0 68,843,317 68,084,2771718 Operating Expenses19 Instruction 40,742,935 42,150,467 5,739,523 5,300,000 46,482,458 47,450,46720 Public Service 0 413,627 367,000 413,627 367,00021 Academic Support 8,947,868 8,495,536 1,100,750 630,000 7,925 10,056,543 9,125,53622 Student Services 9,260,477 8,421,010 2,197,560 2,250,000 268,605 11,726,642 10,671,01023 Institutional Support 9,003,092 8,011,970 359,735 252,740 345,689 345,000 29,380 9,737,896 8,609,71024 Operation of Plant 6,461,407 5,401,382 49,905 6,511,312 5,401,38225 Scholarship & fellowships 677,057 2,166,587 18,880,633 16,500,000 19,557,690 18,666,58726 Less: Scholarship Allowance (9,865,261) (9,900,000) (2,720,933) (2,800,000) (12,586,194) (12,700,000)27 Auxiliary Enterprise Expenditures 15,503,879 16,846,912 15,503,879 16,846,91228 Indirect Cost Recoveries 242,555 200,260 242,555 200,26029 Depreciation 898,748 898,748 030 Other Operation Expenses 554,226 245,000 1,018,326 989,506 1,572,552 1,234,50631 Total Operating Expenditures 65,227,575 64,746,952 12,782,946 14,046,912 28,934,383 25,500,000 899,915 590,000 2,272,889 989,506 110,117,708 105,873,3703233 Operating Income (Loss) (37,557,648) (34,116,591) 55,921 (1,182,996) (2,497,918) (1,500,000) (302,865) 0 (971,881) (989,506) (41,274,391) (37,789,093)

3435 Non-Operating Revenues (Expenses)36 State Appropriation, non-capital 38,144,374 33,951,845 38,144,374 33,951,84537 Investment and interest income 547,464 450,000 371,862 375,000 3,689 923,015 825,00038 Gain/(Loss) on Disposal of Fixed Assets (7,056) (7,056) 039 Gifts & Donations 2,458,090 1,500,000 2,458,090 1,500,00040 Net Non-Operating Revenues (Expenses) 38,691,838 34,401,845 371,862 375,000 2,461,779 1,500,000 0 0 (7,056) 0 41,518,423 36,276,845

4142 Income (Loss) Before Other Items 1,134,190 285,254 427,783 (807,996) (36,139) 0 (302,865) 0 (978,937) (989,506) 244,032 (1,512,248)

4344 Mandatory & Non-Mandatory Transfers45 Transfer from (to) other funds (950,636) (345,000) 27,343 58,293 1,210,000 989,506 0 989,50646 Transfer to/from other institutions 139,126 127,037 8,796 274,959 047 Total Transfers (811,510) 0 (217,963) 0 36,139 0 58,293 0 1,210,000 989,506 274,959 989,506

4849 Net Increase (Decrease) in Net Assets 322,680 285,254 209,820 (807,996) 0 0 (244,572) 0 231,063 0 518,991 (522,742)

5051 Prior Year Fund Balance 2,926,661 3,249,341 5,470,600 5,680,420 8,397,261 8,929,76152 Total 3,249,341 3,534,595 5,680,420 4,872,424 8,916,252 8,407,019

METROPOLITAN STATE COLLEGE OF DENVERPROPOSED OPERATING BUDGET FISCAL YEAR 2004

State Appropriated Auxiliary Restricted Fund Loan Plant Consolidated

Budget Office, 1/27/2004 31

Fiscal Year 2003-2004 Proposed Operating Budget

Assumptions (Original- June 4, 2003)

Following is a summary of the major assumptions used to develop the Proposed Operating Budget for fiscal year 2003-2004.

• Revenue-Enrollment growth is projected to be 5%. Tuition rate increase is equal to 5%, which equals an increase in tuition revenue of approximately $3.7 million for FY 2004.

• Rescissions-Current rescissions in state appropriated funds are equal to $6.4 million with an additional rescission projected to

equal $2 million (total rescissions for the year equaling approximately 21% of the beginning year general fund allocation). Future rescissions are projected based on the current condition of the State’s budget, including a projected 6% growth rate and the plan either to securitize a portion of the tobacco settlement revenue or to sell and lease back state property. As a result, the general fund allocation from the State has been reduced to $31.7 million (beginning fiscal year 2003 allocation was at $45.5 million).

• New and Replacement Faculty-Although the proposed budget does not include any salary increases for the fiscal year for

faculty or staff, including classified staff, it does include projected expenses for adding to the full-time tenure track faculty lines. The budget projects expense increases of $400,000 for replacing full-time temporary faculty with full-time tenure track faculty (33 FTE at a cost differential of $12,000 per FTE). The budget also projects hiring an additional 8 new full-time tenure track faculty increasing expenses by $500,000 (8 FTE at approximately $62,000 each).

• Part-time Faculty-In addition, the budget proposes adding $700,000 to the part-time faculty expense line for the purpose of

increasing part-time faculty pay (approximately $87 per credit hour). The increase in part-time faculty pay is necessary to move Metro closer to the levels of pay provided for the same type of faculty at UCD and other institutions that compete for part-time faculty.

• Fringe Benefits- Increases in health insurance costs are expected for the FY 2004.

• Summer Faculty and Pay for Performance- Salaries for faculty teaching during the summer semester have been reduced by

approximately $372,000. Due to the changes in accounting standards, half of this savings will be accrued during FY 2003 and

32

half during FY 2004. Also, base funding for Pay for Performance, additional pay for classified staff based on performance evaluations, has been eliminated for FY 2004 ($123,000).

• Risk Management- Insurance expenses for FY 2004 have been reduced by $174,000 due to a reduction in the projected

assessments received from State Risk Management for liability and property costs. A separate issue is the possibility of an increase in unemployment claims that could increase our unemployment insurance costs due to the layoffs that have taken place at the college. There is not an easy way of projecting the potential increase, but the college is projecting sufficient cash available to cover any possible increase.

• AHEC and Library- AHEC has reduced its overall base budget, funding received from the three institutions, by

approximately $4.1 million. Our share of the additional savings, that above the reductions made in FY 2003, is projected to be $1.4 million. The Library will also reduce its budget an additional $300,000 for the next fiscal year.

• Class Fees and State Cost Assessments- Class fees and related expenditures are expected to increase by approximately

$60,000 in FY 2004. Indirect Costs billed by the State are expected to increase slightly more than $21,000.

• Financial Aid- The Colorado Commission on Higher Education’s regulations/rules require higher education to commit 16.5% of any tuition increase above inflation to need based financial aid (our current tuition increase is proposed to be 5% while inflation for the past year has been calculated to be 1.9%). For Metro this equates to an increase in our institutional aid of approximately $184,000. This would be considered a part of any overall commitment by the institution to replace the financial aid rescinded by the Legislature. Currently our share of the reduction is approximately $1.5 million.

• Prior Year Fund Balance- Prior year fund balance is currently projected to be approximately $3 million. This could change

depending upon expenses to be incurred and booked through the end of June and any adjustments resulting from closing the books for FY 2003, to be completed by late July.

• Auxiliary- Auxiliary revenues are projected to increase based on a 1.9% increase in fee revenue as a result of an inflationary

increase for the next fiscal year. Budgets include adjustments for enrollment growth and inflationary increases with similar adjustments in spending to account for the increases revenue. These budgets will be updated after year-end closing and with additional input from the managers of the programs.

• Fund Balance Expenditures- The college is projecting using a substantial portion of available one-time funds (Fund Balance

Forward) to replace financial aid lost due to the reduction in total financial aid funding through legislative action this session.

33

Administration proposes using $600,000 in one-time funds to replace lost merit based aid (funding was reduced by over 50%) and an additional $700,000 to replace the balance of the need based aid (total reductions for Metro equaled $900,000 of which approximately $184,000 will be replaced from base operating funds). If the additional budgeted rescission does not take place, administration proposes using base funds to replace the lost financial aid until such time as the State’s funding levels return to the levels of the past year.

• Plant Fund- The College is budgeting $1 million in additional plant fund expenditures for FY 2004. Funds will be used to

upgrade information technology infrastructure and equipment, to continue the desktop computing equipment replacement plan, and to replace classroom equipment.

34

Fiscal Year 2004 Budget Revisions-State Appropriated

September 3, 2003 (Budget Reconciliation)

Following is a summary of the changes to the Fiscal Year 2004 budget for Metropolitan State College of Denver as a result of additional information from year-end closing and the unaudited financial statements for the college.

• General Fund Allocation Adjustment- Staff received information clarifying the status of a rescission in fiscal year 2003 that was a one-time reduction rather than a continuing base adjustment. As a result, the Fiscal Year 2004 State Appropriation funds we expect to receive from the State were increased by $265,073.

• Interest- Staff has made two changes due to interest income projected to be earned for the fiscal year. First, we have moved

the original budgeted amount from Other Revenue and placed it in the Investment and Interest Income line to match the financial reports. Interest Income for State reporting purposes (the Data Book) is normally shown in Other Than Tuition (OTT) or other revenue for budgeting purposes. Second, we increased the amount of interest projected to be earned by $285,000 to better match year-end earnings for FY 2003.

• Credit Card and Scholarship Allowance- Credit card collection expense previously was shown as a “contra revenue” in the

other revenue category. It will now be budgeted as contra revenue in the Sales and Services of Educational Dept. line. The budget will also show the required GASB adjustment for scholarship and financial aid revenue and expense as an adjustment to Tuition and Fees and as an adjustment to Scholarships and Fellowships.

• Fund Balance- This adjustment accounts for distribution of the remaining class fees and the roll forward of funds for the

purchase of a furnace for the Art Department.

• Estimated Vacants- Staff has also increased the estimated vacancy savings for the year due to changes in a number of positions at the college. The previous budget did not include vacancies created as a result of the settlement of the early retirement plan for administrators. In addition, other vacancies have been created due to staff leaving and position eliminations.

These changes result in a projected available balance in one-time funds and unallocated base funds of $3.8 million (unallocated base of $1.1 million, fund balance forward of $1.9 million, including $859,000 in Indirect Cost Recovery funds available to various divisions and departments of the college, and additional vacancy savings estimated at $752,000).

35

Fiscal Year 2004 Budget Revisions-Auxiliary Funds

September 3, 2003 (Budget Reconciliation)

Following is a summary of the changes to the Fiscal Year 2004 budget for Metropolitan State College of Denver as a result of additional information from year-end closing and the unaudited financial statements for the college.

• Scholarship Allowance- To better match the financial statements the budget for auxiliaries will now show an adjustment to Tuition and Fees and a like adjustment to the Scholarship and Fellowship lines.

• Interest- Interest income has been removed from the Other Revenue line and placed in the Investment and Interest Income line

to match financial reporting.

• Program Budget Changes- As a result of discussions with the directors and budget managers in auxiliary programs, revenues have been reduced by $327,000 and projected expenditures have been reduced by $769,000.

• Fund Balance- Adjustments have been made to the Auxiliary Budget for proposed one-time expenditures of available funds in

the Extended Campus programs for professional development and computer lab remodeling. Also, as a part of the year end closing process of eliminating all open purchase orders and accounting adjustments, the Prior Year Fund Balance was increased by $1.1 million. A significant amount of this increase (approximately $700,000) is due to a GASB required adjustment for year-end 2003, which was not accounted for in the previous projection, with the balance being the result of under-spending by the auxiliary programs. Program managers were conservative throughout the year due to the fiscal situation within the State.

The resulting projected fund balance for Fiscal Year 2004 is $5.5 million.

36

Fiscal Year 2004 Budget Revisions-State Appropriated

November 5, 2003 (Budget Reconciliation)

Following is a summary of the changes to the Fiscal Year 2004 budget as of November 5, 2003, for Metropolitan State College of Denver due to additional information from operating results as of September 30 and revenue projections for the State of Colorado.

• General Fund Restriction- Originally staff restricted our general fund allocation by 6%, given the projections in State revenue at that time. With the latest updates concerning the revenue picture, staff has removed the restriction and added $2 million to our State Appropriation.

• Fringe Reserves- The original budget for fringe benefits was based on expected increases for the fiscal year and was estimated

as a percentage of total salaries. Staff overestimated the expense by approximately $151,000 for the year. This expense will be reevaluated when actual benefits increases are known in December 2003.

• Board Support- A base allocation of $35,000 has been made for board expenses for the year.

• Net to Reserves- Due to an oversight this amount was not reallocated in the September reports but is the result of the early

retirements and the elimination of positions for FY 04. As of June 4, when the budget was approved, the early retirements were not approved. The revision is being made with the November reports.

• Fund Balance- For budget purposes staff is distributing the ICR funds to the departments as has been the practice. Each

department may spend its earned ICR funds for any appropriate purpose during the year with any remaining balance rolled forward and distributed the next budget year. Also, we have allocated $250,000 for supplemental OCE and $100,000 for the costs of the president search. Refer to the Fund Balance summary included as a part of this agenda item.

• Reserves- Staff has allocated $43,000 on a one-time basis for computers in the Physics department and $43,000 to fund a

permanent position in the Pacesetter scholarship program.

37


November 5, 2003 (Budget Reconciliation)

Following are the changes made to the Auxiliary budget for FY 2004 due to additional information and the results of the fall semester.

• Fund Balance- Accounts for distributions of fund balances available to auxiliaries. The majority is accounted for in supplemental allocations from the student fee accounts ($487,000) and the use of funds toward the business school accreditation ($56,000) from the educational programs funds. Refer to the Auxiliary Fund Balance Summary included in this agenda.

• Program Revenue and Expense- Accounts for some minor adjustments to revenue and expense projections for the auxiliary

programs. For example, staff has reduced revenue projections for athletics by $44,000 to account for a reduced transfer from the foundation and, as a result, has also reduced expected expenditures.

38

Fiscal Year 2004

Budget Revisions-State Appropriated February 4, 2004

(Budget Reconciliation) Following is a summary of the changes to the Fiscal Year 2004 budget as of February 4, 2004, for Metropolitan State College of Denver due to additional information from operating results as of December 31, 2003, estimates for spring enrollments, and revenue projections for the State of Colorado.

• Tuition and Fees- Projected revenue for the college has been adjusted by $625,000 for the year due to the current estimates of spring enrollments. Original projections had enrollments growing 5% for the year. Current spring growth is projected to be 1.5%.

• Summer Faculty Base and Summer Faculty GASB Adjustment- Funds have been allocated for restoring a portion of the

summer salary base for faculty. The total allocation of $186,000 includes both halves of the summer; therefore, we show the second half as a GASB adjustment that will be expensed Fiscal Year 2005.

• Departmental Equipment- On a one-time basis, from the operating reserves of the college, we have allocated $426,900 for

use by the departments for equipment purchases. • New Positions- Positions have been created and funded on an ongoing basis in support of Teacher Education and other

departments.

• Library- The original budgeted amount for the library has been increased to match enrollment growth adhering to the current funding agreement.

39


February 4, 2004 (Budget Reconciliation)

Following are the changes made to the Auxiliary budget for FY 2004 due to additional information and estimates for the spring semester.

• Internet Fee- Projected revenue has been increased for the online course fee with an increase in operating expenses as the

offset. This includes increased hourly costs, increased costs at WEB CT related to help calls, and additional staff costs. • Vacant Savings- Two positions are currently or have been vacant in the student fee account: the judicial officer and the

director of legal services.

• Foundation Transfers- Other revenue included an amount for revenue to be transferred from the foundation. Accounting Services handles this by transferring expenses. Adjustments are made to both other revenues and other expenses to adjust for an overstatement in previous budget presentations.

• Program Revenue Expense Adjustments- Minor adjustments have been made to account for lowered expectations in certain

auxiliary operations, specifically Extended Campus and Student Activities.

40

Estimated SummerFY2004 Estimate Estimate Spring Summer Faculty Department Renegotiate EstimatedBudget Budget Budget Est. Tuition Faculty GASB Equipment New FY04 Budget

6/4/2003 9/3/2003 11/5/2003 Adjustment Base Adjustment Allocation Positions Library 2/4/20041 Operating Revenues2 Tuition & Fees 39,981,028 39,981,028 39,981,028 (625,859) 39,355,1693 Less Scholarship 0 (9,900,000) (9,900,000) (9,900,000)4 Net Tuition and Fee Revenue 39,981,028 30,081,028 30,081,028 (625,859) 0 0 0 0 0 29,455,16956 Sales & Services of Educational Dept. 0 (240,000) (240,000) (240,000)7 Indirect Cost Recoveries 200,260 200,260 200,260 200,2608 Other Revenue 1,139,932 1,214,932 1,214,932 1,214,9329 Total Operating Revenue 41,321,220 31,256,220 31,256,220 (625,859) 0 0 0 0 0 30,630,361

1011 Operating Expenses12 Instruction 41,389,508 41,291,694 41,525,282 186,000 (93,000) 426,900 105,285 42,150,46713 Public Service 0 0 014 Academic Support 8,124,998 8,024,954 8,273,782 221,754 8,495,53615 Student Services 8,663,696 8,498,279 8,355,810 65,200 8,421,01016 Institutional Support 8,032,171 7,655,951 7,976,678 35,292 8,011,97017 Operation of Plant 5,402,103 5,397,385 5,401,382 5,401,38218 Scholarship & fellowship 2,166,587 2,166,587 2,166,587 2,166,58719 Less Scholarship 0 (9,900,000) (9,900,000) (9,900,000)20 Total Operating Expenditures 73,779,063 63,134,850 63,799,521 0 186,000 (93,000) 426,900 205,777 221,754 64,746,9522122 Operating Income (Loss) (32,457,843) (31,878,630) (32,543,301) (625,859) (186,000) 93,000 (426,900) (205,777) (221,754) (34,116,591)2324 Non-Operating Revenues (Expenses)25 State Appropriation, non-capital 31,665,566 31,930,639 33,951,845 33,951,84526 Investment and interest income 0 450,000 450,000 450,00027 Gain/(Loss) on Disposal of Fixed Assets 0 0 0 028 Gifts & Donations 0 0 0 029 Net Non-Operating Rev (Exp) 31,665,566 32,380,639 34,401,845 0 0 0 0 0 0 34,401,8453031 Income (Loss) Before Other Items (792,277) 502,009 1,858,544 (625,859) (186,000) 93,000 (426,900) (205,777) (221,754) 285,2543233 Mandatory & Non-Mandatory Transfers 0 0 0 034 Transfer from (to) other funds 0 0 0 035 Transfer to/from other institutions 0 0 0 036 Total Transfers 0 0 0 0 0 0 0 0 0 03738 Net Increase (Decrease) in Net Assets (792,277) 502,009 1,858,544 (625,859) (186,000) 93,000 (426,900) (205,777) (221,754) 285,2543940 Prior Year Fund Balance 3,000,000 3,249,341 3,249,341 3,249,34141 Total State Appropriated Budget Available 2,207,723 3,751,350 5,107,885 (625,859) (186,000) 93,000 (426,900) (205,777) (221,754) 3,534,595

State AppropriationMetropolitan State College of Denver

FY2003-2004 Budget Reconciliation


FY2003-04 STATE APPROPRIATED DISTRIBUTION BY FUNCTIONas of February 04, 2004

FundBalance &

Faculty & Support Materials Institutional TotalAdministrators Staff Hourly Travel & Supplies Capital Scholarships Subtotal Reserves FY03

Instruction 35,525,826 2,869,839 108,484 189,120 3,142,838 314,360 0 42,150,467 1,138,179 43,288,646Academic Support 2,259,040 1,772,915 29,270 40,854 4,370,957 22,500 0 8,495,536 766,676 9,262,212Student Services 2,665,570 2,472,696 243,025 40,128 2,941,872 57,719 0 8,421,010 860,006 9,281,016Institutional Support 2,192,925 2,351,578 87,317 116,576 3,212,897 50,677 0 8,011,970 694,013 8,705,983O & M of Plant 91,251 46,766 0 0 5,263,365 0 0 5,401,382 75,721 5,477,103Scholarships 0 0 0 0 0 0 2,166,587 2,166,587 0 2,166,587Subtotal 42,734,612 9,513,794 468,096 386,678 18,931,929 445,256 2,166,587 74,646,952 3,534,595 78,181,547

Allowance 0 0 0 0 0 0 (9,900,000) (9,900,000) 0 (9,900,000)Total 42,734,612 9,513,794 468,096 386,678 18,931,929 445,256 (7,733,413) 64,746,952 3,534,595 68,281,547

Personnel


Revised Internet Fee ProgramFY04 Estimate Estimate Revenue and Revenue & Estimate

Proposed Budget Budget Expenditure Vacant Foundation Expense BudgetBudget 9/3/03 11/5/03 Adjustment Saves Transfers Adjustment 2/4/2004

1 Operating Revenues2 Tuition & Fees 10,421,519 10,368,074 10,366,124 92,330 (4,357) 10,454,0973 Less: Scholarship Allowance 0 (2,800,000) (2,800,000) (2,800,000)4 Net Tuition and Fee Revenue 10,421,519 7,568,074 7,566,124 92,330 0 0 (4,357) 7,654,09756 Sales & Services of Educational Dept. 357,386 370,753 362,900 362,9007 Sales & Services of Auxiliary Enterprises 2,281,947 2,500,722 2,500,722 2,950 2,503,6728 Federal Grants and Contracts 150,000 150,000 150,000 150,0009 Other Revenue 3,220,790 2,340,227 2,295,727 (99,530) (2,950) 2,193,247

10 Total Operating Revenue 16,431,642 12,929,776 12,875,473 92,330 0 (99,530) (4,357) 12,863,9161112 Operating Expenses13 Instruction 0 0 0 014 Public Service 0 0 0 015 Academic Support 0 0 0 016 Student Services 0 0 0 017 Institutional Support 0 0 0 018 Operation of Plant 0 0 0 019 Scholarship & fellowship, Less Allowance 0 (2,800,000) (2,800,000) (2,800,000)20 Auxiliary Enterprise Expenditures 16,941,642 16,318,017 16,918,799 82,000 (50,000) (99,530) (4,357) 16,846,91221 Total Operating Expenditures 16,941,642 13,518,017 14,118,799 82,000 (50,000) (99,530) (4,357) 14,046,9122223 Operating Income (Loss) (510,000) (588,241) (1,243,326) 10,330 50,000 0 0 (1,182,996)2425 Non-Operating Revenues (Expenses)26 State Appropriation, non-capital 0 0 0 027 Investment and interest income 0 375,000 375,000 375,00028 Gain/(Loss) on Disposal of Fixed Assets 0 0 0 029 Gifts & Donations 0 0 0 030 Net Non-Operating Revenues (Expenses) 0 375,000 375,000 0 0 0 0 375,0003132 Income (Loss) Before Other Items (510,000) (213,241) (868,326) 10,330 50,000 0 0 (807,996)3334 Mandatory & Non-Mandatory Transfers35 Transfer from (to) other funds 0 0 0 036 Transfer to College from Board 0 0 0 037 Total Transfers 0 0 0 0 0 0 0 03839 Net Increase (Decrease) in Net Assets (510,000) (213,241) (868,326) 10,330 50,000 0 0 (807,996)4041 Prior Year Fund Balance 4,680,000 5,680,420 5,680,420 5,680,42042 Total 4,170,000 5,467,179 4,812,094 10,330 50,000 0 0 4,872,424

Metropolitan State College of DenverAuxiliary Fund

FY2003-2004 Budget Reconciliation


Metropolitan State College of DenverSummary FY04 Proposed Revenue and Expenditures Auxiliary Funds, as of February 4, 2004

Student Extended Educational Health, DSO, Information Internet Admin Student Fin. Aid AccountingActivities Athletics Campus Programs & Counseling Technology Fee Recharge Loan Admin Other Total Adjustment Total

1 REVENUES2 0100 Tuition & Fees 2,068,500 1,016,332 2,606,435 1,159,224 2,443,400 935,000 20,000 205,206 10,454,097 (2,800,000) 7,654,09734 0500 Sales & Services of Educ.l Dept. 8,134 291,265 63,501 362,900 362,90056 0510 Sales & Services of Aux. Enterprises 153,782 25,000 2,251,278 73,612 2,503,672 2,503,67278 0200 Federal Grants and Contracts 150,000 150,000 150,0009

10 0400 Other Revenue (Fund Add/Dedt) 386,800 11,000 681,753 110,000 1,288,654 90,040 2,568,247 2,568,24711 Total Operating Revenue 2,609,082 1,060,466 2,606,435 291,265 4,092,255 2,553,400 935,000 1,288,654 20,000 150,000 432,359 16,038,916 (2,800,000) 13,238,9161213 EXPENDITURES1415 Personnel16 Subtotal Faculty 1,009,168 56,246 1,065,414 1,065,41417 Subtotal Administrators 826,829 335,577 79,481 477,503 0 118,810 131,115 0 171,606 2,140,921 2,140,92118 Subtotal Support Staff 160,788 0 141,996 22,997 1,074,394 506,976 116,244 401,780 0 47,964 2,473,139 2,473,13919 Benefits 176,967 60,403 220,805 12,411 273,969 88,721 41,729 93,913 0 8,394 6,983 984,295 984,29520 Total Personnel 1,164,584 395,980 1,451,450 91,654 1,825,866 595,697 276,783 626,808 0 56,358 178,589 6,663,769 0 6,663,7692122 6100 Hourly 452,000 18,500 48,000 85,000 430,250 97,000 20,000 30,470 1,181,220 1,181,22023 6500 Materials and Supplies 1,200,524 222,325 907,652 166,000 2,161,254 639,437 435,000 341,430 63,172 219,533 6,356,327 (2,800,000) 3,556,32724 7099 Travel 86,798 256,956 38,850 49,744 56,900 11,500 10,000 0 16,505 527,253 527,25325 7499 Capital and Remodel 76,300 0 0 10,000 0 650,366 25,000 23,142 10,000 794,808 794,80826 7800 Scholarships 38,000 90,555 0 30,000 0 0 200,000 358,555 358,55527 7950 Administrative Fee 27,976 76,150 195,483 263,235 226,150 62,000 850,994 850,99428 8300 Transfer 110,000 (300,000) 300,000 3,986 113,986 113,98629 Total Expenditures 3,046,182 1,060,466 2,751,435 347,398 4,092,255 2,553,400 905,783 1,491,380 20,000 150,000 428,613 16,846,912 (2,800,000) 14,046,912303435 NET FY03 Allocation (437,100) 0 (145,000) (56,133) 0 0 29,217 (202,726) 0 0 3,746 (807,996) 0 (807,996)3637 Prior Year Fund Balance 675,091 38,440 1,092,130 256,368 159,422 20,962 19,772 1,905,726 51,232 14,991 1,446,286 5,680,420 5,680,42038 Projected fund Balance 2004 237,991 38,440 947,130 200,235 159,422 20,962 48,989 1,703,000 51,232 14,991 1,450,032 4,872,424 0 4,872,424


Metropolitan State College of DenverFund Balance from FY2003 to FY2004

PlantOperating ICR Class Fees Total Fund

1 Fund Balance, 7/1/03 2,389,159.46 859,161.88 1,019.81 3,249,341.15 989,506.0023 Merit Based Financial Aid 600,000.00 600,000.006 Need Based Aid 716,338.00 716,338.004 Furnace for Art Dept. 7,250.00 7,250.005 Class Fees 1,019.81 1,019.816 Classroom Replacement Equipment 200,000.007 IT Infrastructure 700,000.008 MetroConnect Portal 9,750.00 9,750.009 Instruction-Materials & Supplies 250,000.00 250,000.00

10 Allocate ICR to Managers 859,161.88 859,161.8811 Presidential Search 100,000.00 100,000.0012 Classified Staff Council 670.00 670.001314151617181920 Balance 705,151.46 0.00 0.00 705,151.46 89,506.00

State Appropriated Fund

Budget Office, 1/27/200445

Metropolitan State College of DenverFund Balance from FY2003 to FY2004

Extended Teachers Health,Student Campus In Educational Counseling, Information Internet AdminAffairs Athletics Program Residence Total Programs & DSO Technology Fee Recharge

1 Fund Balance, 7/1/03 675,091 38,440 744,596 347,534 1,092,130 256,368 159,422 20,962 19,772 1,905,72623 Faculty Professional Dev. 110,000 110,0004 Lab Remodeling 35,000 35,0005 Fin Aid Workstudy Reserve 200,0006 MetroConnect Portal 9,7507 Termination of T1 Line 8,586 8 DataMart Maintenance 20,1859 Blackbaud Maintenance 15,600

10 Weight Room Remodel 23,14211 Accreditation 56,133 12 Supplement to Programs 210,52713 Return to Programs 161,57314 Technology Initiative 60,00015 Remodeling/Equipment 55,000161718192027 Balance 187,991 38,440 599,596 347,534 947,130 200,235 159,422 20,962 19,772 1,628,463


Budget-to-Actual Comparisons As of December 31, 2003

47

Appropriated Funds - FY2003-04Revenue and Expenditures by Semester

Jul-Dec Jul-DecEstimate Actual Variance Percent

1 Operating Revenues2 Tuition & Fees 37,174,360 37,534,688 360,328 0.97%3 Less: Scholarship discounts & Allow (5,692,500) (7,651,712) (1,959,212) 34.42%4 Net Tuition & Fee Revenue 31,481,860 29,882,976 (1,598,884) -5.08%56 Sales & Services of Educational Dept 0 (135,842) (135,842) 100.00%7 Indirect Cost Recovery 88,896 111,181 22,285 25.07%8 Other Operating Revenues 582,683 585,845 3,162 0.54%9 Total Operating Revenues 32,153,439 30,444,161 (1,709,278) -5.32%

1011 Operating Expenses12 Instruction 18,524,428 18,088,571 (435,857) -2.35%13 Public Service14 Academic Support 3,521,322 3,853,897 332,575 9.44%15 Student Services 3,647,311 3,418,736 (228,575) -6.27%16 Institutional Support 3,936,490 4,046,454 109,964 2.79%17 Operation of Plant 3,011,811 2,762,026 (249,785) -8.29%18 Scholarships and fellowships 1,102,794 424,401 (678,393) -61.52%19 Scholarship discounts and allowance (5,146,020) (7,651,712) (2,505,692) 48.69%20 Other Operating Expenses 0 0 0 0.00%21 Total Operating Expenses 28,598,136 24,942,373 (3,655,763) -12.78%2223 Non-operating Revenues (Expenses)24 State Appropriations, non-capital 16,975,920 17,930,585 954,665 5.62%25 Investment and interest income 74,115 58,988 (15,127) -20.41%26 Net Non-operating Revenue(Expenses) 17,050,035 17,989,573 939,538 5.51%2728 Mandatory & Non-mandatory Transfers29 Internal Transfers 0 0 0 0.00%30 External Transfers 0 0 0 0.00%31 Total Transfers 0 0 0 0.00%3233 Net Increase (Decrease) in Net Assets 20,605,338 23,491,361 2,886,023 14.01%


48

Budget to Actual Comparison As of December 31, 2003

February 4, 2004 Following is a summary of the causes of the major variances in the Budget to Actual report as of December 31, 2003. The operating results shown are for the period ending December 31, 2003.

• Sales and Services- The percentage method used to create the budgets by period did not account for the accounting change

required showing credit card expense as a contra revenue. The correction will be made for future reports.

• Academic Support- Primarily due to the adjusted payments to the Library and an underestimate of the payments to AHEC on a quarterly basis.

• Scholarships- As the result of a management decision in the financial aid office the bulk of institutional financial aid will be

disbursed for the spring semester (expense will be incurred during the month of January).

• State Appropriations- Normally the institution would receive twelve fairly equal installments of State appropriated funds, but due to the payroll date change we received two disbursements in July.

49

CCHE Financial Reporting Formats As of December 31, 2003

50

Year to DateActual

AssetsCurrent AssetsCash and Cash Equivalents 17,199,161 Student Accounts Receivable 24,618,808 Accounts Receivable 1,840,571 Loans Receivable 1,228,467 Prepaid Expenses 1,664,898 Total Current Assets 46,551,905

Non-current AssetsLong Term Investments 190,634 Student Loans Receivables 8,173,922 Depreciable Capital Assets

Equipment(furniture) 2,707,455 Total Non-current Assets 11,072,012 Total Assets 57,623,917

LiabilitiesCurrent LiabilitiesAccounts Payable 225,567 Accrued Liabilities 470,798 Student Deposits (46,946) Deposits Held for Others 4,671,800 Accrued Compensated Absence Liability 201,020 Deferred Revenue 3,183,690 Total Current Liabilities 8,705,929

Non-current LiabilitiesCompensated Absence Liabilities 1,714,919 Total Non-current Liabilities 1,714,919 Total Liabilities 10,420,849

Net AssetsInvested in Capital Assets 2,707,455 Restricted for: Expendable Loans 9,734,238 Unrestricted 34,761,374 Total Net Assets 47,203,068 -

Total Liabilities and Net Assets 57,623,917 -

Notes & Caveats

Financial Statements are unaudited.Also see additional information regarding the financial statements on pages 2 through 29.

Metropolitan State College of DenverBalance Sheet - All Funds

51

Only use SRECNA Categories on this formFY 2003Actual

FY 2004Actual

FY 2004Budget

FY 2004Estimate

FY 2005Budget

Notes & Caveats

RevenuesTuition & Fees 30,633,129 34,882,541 37,649,102 37,109,266

Sales & Services of Educational Departments 169,047 95,958 130,753 122,900 Sales & Services of Auxiliary Enterprises 892,519 1,064,649 2,500,722 2,503,672

Federal Grants & Contracts 7,154,849 7,887,740 13,150,000 13,150,000 State Grants & Contracts 5,154,602 4,965,288 11,000,000 11,000,000 Local Grants & Contracts 31,103 10,925 - -

Private Gifts, Grants & Contracts - - - - Investment & Interest Income 96,845 71,484 250,000 250,000

Indirect Cost Recoveries 116,364 111,181 - 200,260 Retirement of Indebtedness - - - -

Other Sources 2,360,573 2,558,989 3,895,159 3,748,179 Total Revenues 46,609,032 51,648,755 68,575,736 68,084,277 -

ExpendituresInstruction 20,064,863 19,662,553 46,591,694 47,450,467

Public Service 242,512 233,942 367,000 367,000 Academic Support 4,824,522 4,288,673 8,654,954 9,125,536

Student Services 5,149,849 4,578,561 10,748,279 10,671,010 Institutional Support 4,997,721 4,492,330 8,253,691 8,609,710 Operation of Plant 3,792,541 2,762,026 5,397,385 5,401,382

Scholarships & Fellowships (2,205,415) (111,109) 5,966,587 5,966,587 Auxiliary Enterprises Expenditures 7,828,177 8,441,423 16,318,017 16,846,912

Indirect Cost Recoveries 116,364 111,151 - 200,260 Depreciation - 465,307 - -

Other Expenditures 383,441 438,294 1,234,506 1,234,506 Total Expenditures 45,194,574 45,363,152 103,532,113 105,873,370 -

Operating Income (Loss) 1,414,458 6,285,603 (34,956,377) (37,789,093)

Nonoperating Revenues(Expenses) State Appropriations 22,762,016 17,930,585 31,930,639 33,951,845 Gifts/Donations 1,101,846 1,243,411 1,500,000 1,500,000 Interest Income 346,447 286,950 825,000 825,000 Net Nonoperating revenues 24,210,310 19,460,946 34,255,639 36,276,845 Income (Loss) Before other Items 25,624,768 25,746,549 (700,738) (1,512,248)

Other Revenues, Expenses, Gains, Losses, or TransfersGain or Loss on Disposal of Assets - - - - Loan matching Fund - - Transfers (37,752) - 989,506 Net Increase (decrease) in Net Assets 25,587,016 25,746,549 (700,738) (522,742)

Consolidated Income StatementMetropolitan State College of Denver

52

Only use SRECNA Categories on this formFY 2003Actual

FY 2004Actual

FY 2004Budget

FY 2004Estimate

FY 2005Budget

Notes & Caveats

Consolidated Income StatementMetropolitan State College of Denver

Net AssetsNet Assets at Beginning of Year 20,221,530 21,456,519 21,456,519 21,456,519 Cumulative Effect of Change in Accounting Prin. - - - - Restated Beginning Net Assets 20,221,530 21,456,519 21,456,519 21,456,519 Net Assets-End of Year 45,808,546 47,203,068 20,755,781 20,933,777

Notes & Caveats

For FY04, gross Tuition & Fees are budgeted to be 49,809,266; Scholarship Allowance is budgeted at (12,700,000).

The Other Operating Revenues line includes Other Operating Revenues & Expended for Plant Facilities from the stand-alone FS.

FY Actuals are as of December 31.

Also see additional information regarding the financial statements on pages 2 through 29.

Financial Statements are unaudited.

In FY03 gross Tuition & Fees were 41,834,772; Scholarship Allowance was (11,201,643). In FY04 gross Tuition & Fees were 44,415,721; Scholarship Allowance was (9,533,180).

Financial Aid Breakout, FY03 - Scholarships = 8,548,806, Work-Study =1,156,044, Loans (non-Stafford) Disbursed = 951,308, Stafford Loans Disbursed = 17,717,705.

Financial Aid Breakout, FY04 - Scholarships = 8,997,670, Work-Study = 1,310,302, Loans (non-Stafford) Disbursed = 1,471,788, Stafford Loans Disbursed = 19,604,395.

53

FY 2003Actual

FY 2004Actual

FY 2004Budget

FY 2004 Year End

Estimate FY 2005Budget

Notes & Caveats

Revenues(SRECNA Categories)

Educational Programs 109,380 78,891 291,265 291,265 Student Activities 2,137,682 2,202,111 2,612,032 2,609,082

Athletics 921,901 951,751 1,211,349 1,060,466 Health Center 2,235,495 2,475,785 4,092,255 4,092,255

Other Auxiliary 1,394,488 1,412,195 1,891,013 1,891,013 Other-Exempt 5,775 5,207 -

Information Technology 2,350,529 2,515,256 2,553,400 2,553,400 Other - Non-Exempt 982,093 1,083,138 842,670 935,000

Extended Campus 1,956,084 1,931,671 2,610,792 2,606,435 GASB 34/35 (1,829,461) (2,607,472) (2,800,000) (2,800,000)

Total Revenues 10,263,966$ 10,048,532$ 13,304,776$ 13,238,916$ -$

Expenditures(SRECNA Categories)

Educational Programs 231,785 123,993 282,765 347,398 Student Activities 1,162,404 1,452,855 2,609,082 3,046,182

Athletics 691,184 813,946 1,196,352 1,060,466 Health Center 1,969,396 1,761,997 4,092,255 4,092,255

Other Auxiliary 838,560 828,769 2,004,588 2,089,993 Other-Exempt 433 424 -

Information Technology 1,133,032 1,714,156 2,553,400 2,553,400 Other - Non-Exempt 641,149 465,650 823,783 905,783

Extended Campus 1,324,866 1,279,632 2,755,792 2,751,435 GASB 34/35 (1,293,462) (1,881,468) (2,800,000) (2,800,000)

Total Expenditures 6,699,348 6,559,955 13,518,017 14,046,912 - Net Increase(Decrease)In Fund Balance 3,564,618$ 3,488,576$ (213,241)$ (807,996)$ -$

Notes & Caveats

Income Statement: Auxiliaries Metropolitan State College of Denver

See Auxiliary Fund Balance Report on pages 12 through 14 for additional information.

Financial Statements are unaudited.

54

AGENDA ITEM: Personnel ISSUE: Reporting of personnel actions which have occurred since the last

Board meeting of January 7, 2004. BACKGROUND: Appointments which require approval by the Board. ANALYSIS: Summary information for each tenure-track (probationary)

appointment is included. RECOMMENDATION: It is recommended by Metropolitan State College of Denver that

the Board of Trustees approve the following appointments and emeritus status.

APPOINTMENTS Dr. Antonette M. Aragon, Assistant Professor of Education, $22,500.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) Dr. Heather Boylan, Assistant Professor of Education, $22,000.00 – January 19, 2004 through May 15, 2004. (PROBATIONARY/FACULTY) Ms. Catherine B. Cropp, Assistant Professor of Nursing, $24,978.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) Dr. Russell Johnson, Associate Professor of Management, $31,500 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) Ms. Juliana Mower, Assistant Professor of Nursing, $24,978.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) Dr. Wayne A. Neu, Assistant Professor of Marketing, $34,231.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) R. Keith Norwood, Assistant Professor of Mechanical Engineering, $23,500.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) Lindsay Packer, Associate Professor of Mathematical Sciences, $23,500.00 – January 19, 2004 through May 15, 2004 (PROBATIONARY/FACULTY) EMERITUS STATUS AMMENDED Dr. James Downs, Emeritus Professor of Marketing Dr. Felix DyReyes, Emeritus Professor of Finance Dr. Gail Gliner, Emeritus Professor of Mathematical and Computer Science Dr. Susan Helms, Emeritus Professor of Computer Information Systems Dr. Carolyn Jass, Emeritus Professor of Nursing Dr. Arthur Odden, Emeritus Professor of Management Dr. Kenneth Rager, Emeritus Professor of Mathematical and Computer Science Dr. Judith Scott, Emeritus Professor of Marketing Dr. Richard Scott, Emeritus Professor of Management Dr. Charles Vitaska, Emeritus Professor of Marketing Ms. J.O. Yunker, Emeritus Professor of Technical Communications

Tenure-Track Faculty Hiring Summary February 2004

I. General Information

School: Professional Studies Department/Program: Nursing Name: Catherine Cropp Rank: Assistant Professor

II. Need (Use Categories As Applicable)

Specialty/Courses: Strong medical/surgical background necessary to teach in the both the regular and the accelerated program. Current and relevant professional experience. Faculty in Program In fall 2003, program had only one full-time tenured faculty member. Recent retirements have reduced the faculty to below a critical mass needed to offer the program.* Percent CHP taught by full-time/part-time: *Full – 100% Other:

III. Qualifications

a. Degree(s): Degree: Field: College/University: MSN Primary Hlth Care of Univ. of Colorado Denver Communities, Families & Individuals MPH (Master of Nursing & Patient Care Adm University ofMinnesota Public Health) BS Nursing SW Oklahoma State Univ

b. Teaching (including ratings as available and any Metro experience): Extensive teaching in a hospital setting.

IV. Professional Achievements Nursing Leadership Alliance - Highly prestigious professional organization. It is an honor to be chosen for membership.

V. Related Experience

A. Area(s) B. Year(s)

Nurse, Family Nurse Practitioner, Administrator 22 years

VI. Other (if applicable)

VII. Special Certifications (licensures)

Prescriptive Authority, RN, Nightengale Steward, Advanced Practice Nursing Registry, DEA Registration

CHP Data obtained from the OIR Institutional Research Data Book for 2003. *Data obtained prior to the two recent retirements.



School: Professional Studies Department/Program: Teacher Education/Secondary Education Name: Antonette Aragon Rank: Assistant Professor


Specialty/Courses: Teacher Education/Staff Development Faculty in Program Two assistants of four faculty in program. Percent CHP taught by full-time/part-time: Full – 64.12%, Part – 18.28%, Other* – 17.60% Other: Education and experience in education of Hispanics.

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. Education and Human Resource Colorado State Univ Studies ; Cognate Area, Multicultural Education M.A. Speech Communication, Focus Colorado State Univ. On Communication Skills of Hispanic Leaders B.A. Political Science Colorado College

b. Teaching (including ratings as available and any Metro experience): 10 Years college/university teaching 8 years public school

IV. Professional Achievements Publications, Presentations, Research. Book Reviews, Numerous Educational Awards


A. Area(s) B. Year(s)

Instructor, Project Promise, Colorado State University (1)


Helps meet underutilization goals (Hispanic Female). Completed MSCD Faculty Recruitment Incentive Program, Fall 2003.

VII. Special Certifications (licensures) Secondary Education

*Other – Includes administrators; UCD; Military Service or Air Force ROTC faculty; classified personnel; and any course with “staff” as instructor.

CHP Data obtained from the OIR Institutional Research Data Book for 2003.



School: Letters, Arts and Sciences Department/Program: Mathematical and Computer Sciences Name: Lindsay Packer Rank: Associate Professor


Specialty/Courses: Applied Mathematics/Ordinary Differential Numbers, Partial Differential Numbers, Numerical Analysis I & II. Faculty in Program Six associates of 21 faculty in department. Vacancy created by retirements. Percent CHP taught by full-time/part-time: Full – 43.52%, Part – 54.20% *Other – 2.28% Other:

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. Mathematics University of Texas - Austin MSc Management Science Imperial College, London Univ. MSc Mathematics Oxford University – U.K. BA Mathematics Adelaide University - Australia

b. Teaching (including ratings as available and any Metro experience): 14 years experience – Excellent evaluations

IV. Professional Achievements Publications, Numerous Honors Achieved rank of tenured associate professor, College of Charleston, Charleston, SC


A. Area(s) B. Year(s) Consultant in Energy Economics and Operations Research in U.S., U.K., and New Zealand – 1970 – 90’s.


N/A

VII. Special Certifications (licensures) N/A

*Other – Includes administrators; UCD; Military Service or Air Force ROTC faculty; classified personnel; and any course with “staff” as instructor. CHP Data obtained from the OIR Institutional Research Data Book for 2003.



School: Professional Studies Department/Program: Early Childhood Education Name: Heather Boylan Rank: Assistant Professor


Specialty/Courses: Bilingual/ESL Education Faculty in Program Two assistants of four faculty in program. Percent CHP taught by full-time/part-time: Full – 64.12%, Part – 18.28% *Other – 17.60% Other: The program does not have a faculty member to teach this specialty.

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. Ed. Foundations, Policy School of Ed, Univ of Colorado at and Practice Boulder M.A. Secondary English Ed. Xavier University Secondary English Teacher B.A. English Literature DePauw University

b. Teaching (including ratings as available and any Metro experience):

7 years as an adjunct, Adams State College, University of Colorado-Boulder Strong teaching evaluations.

IV. Professional Achievements Presentations, Publications, Grants. Fellowships, Honors


A. Area(s) B. Year(s) K-12 Teaching 7 years

VI. Other (if applicable) N/A *Other – Includes administrators; UCD; Military Service or Air Force ROTC faculty; classified personnel; and any course with “staff” as

instructor.




School: Professional Studies Department/Program: Nursing Name: Juliana Mower Rank: Assistant Professor


Specialty/Courses: Clinical Nursing specialty needed in both the regular and the accelerated nursing programs. Faculty in Program: Program has only one full-time tenured faculty member. Recent retirements have reduced the faculty to below a critical mass needed to offer the program. Percent CHP taught by full-time/part-time: *Full – 100% Other:

III. Qualifications

a. Degree(s): Degree: Field: College/University: BSN Nursing Univ. of Northern Colorado MSN Clinical Nurse Spec. Univ. of Northern Colorado

b. Teaching (including ratings as available and any Metro experience): 3 years at MSCD – excellent ratings

IV. Professional Achievements Nominated for Nightingale and Circle of Excellence awards Member, Colorado Healthcare Association, Nuese Executive Council


A. Area(s) B. Year(s) Taught preoperative care for BSN students at UCHSC 4 (1999-present) Other Nursing Experience 16 years


VII. Special Certifications (licensures)

Prescriptive Authority, Colorado DEA Registration CHP Data obtained from the OIR Institutional Research Data Book for 2003. *Data obtained prior to the two recent retirements.



School: School of Business Department/Program: Management Name: Russell Johnson Rank: Associate Professor


Specialty/Courses: Human Resources, Strategic Human Capital Development. Manufacturing Systems, Manufacturing Resource Management and Industrial Management Planning and Communications; Quality Control and Reliability Engineering Faculty in Program Five associates of twelve faculty in department. Percent CHP taught by full-time/part-time: Full – 71.36%, Part – 28.64% Other: Department needs specialty in human resources related to production.

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. Vocational Education: Emphasis Colorado State Univ. In Interdisciplinary Studies, Human Resource Studies M.S. Industrial Ed. & Technology Iowa State University B.S. Industrial Education Iowa State University

b. Teaching (including ratings as available and any Metro experience): 18 Years Higher Education 5 years K-12 1 year MSCD, excellent teaching ratings by chair

IV. Professional Achievements Publications, Refereed Articles, Papers, Presentations, Honors

V. Related Experience A. Area(s) B. Year(s)

Private industry, consulting, business owner 14 years


Helps meet underutilization goals: Helps meet the underutilization of white males in the department.

VII. Special Certifications (licensures) Certificated as Jonah (production quality control) Permanent Teaching Certificate (Iowa) in Industrial Technology CHP Data obtained from the OIR Institutional Research Data Book for 2003.


I. General Information School: Professional Studies Department/Program: Engineering Technology/Industrial Design Name: Keith Norwood Rank: Assistant Professor


Specialty/Courses: Mechanical Engineering: technical computer language/software Faculty in Program One assistant of two faculty in the program. Need to replace retired faculty to achieve critical mass to conduct program business. Percent CHP taught by full-time/part-time: Full – 67.235, Part – 31.92%, *Other - .84% Other: Lead faculty in developing Introduction to Mechanical Engineering course

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. in progress Mech. & Aerospace Eng. University of Virginia M.E. Mech. & Aerospace Eng. University of Virginia B.S. Mechanical Engineering MIT *Note: Master’s degree is terminal degree in the area.

b. Teaching (including ratings as available and any Metro experience): MSCD – 4 years – excellent rating, 4 years additional Higher Ed

IV. Professional Achievements Publications, Presentations, Honors Coordinated ABET reaccreditation efforts at Metro (2003) National Science Foundation Fellowship NASA Fellow


A. Area(s) B. Year(s) Chief Financial Officer. private industry 4 years Principal Associate 2 years Aerospace Engineer (NASA) - Computational Engineering Branch 6 years


Helps meet underutilization goals (African-American Male)

VII. Special Certifications (licensures) N/A

*Other – Includes administrators; UCD; Military Service or Air Force ROTC faculty; classified personnel; and any course with “staff” as instructor.




School: School of Business Department/Program: Marketing Name: Wayne Neu Rank: Assistant Professor


Specialty/Courses: Advertising, Service Marketing. and Principles Faculty in Program Four assistants of seven faculty in department. This position replaces retired faculty. Percent CHP taught by full-time/part-time: Full – 74.38%, Part – 25.62% Other: This is one of two vacant positions. The other will be filled by a temporary faculty member.

III. Qualifications

a. Degree(s): Degree: Field: College/University: Ph.D. Marketing Arizona State University MBA College of Business University of Michigan BSE Industrial Engineering Arizona State University

b. Teaching (including ratings as available and any Metro experience): 3 ½ years higher education, 1/2 year at MSCD – ratings very good - excellent

IV. Professional Achievements Honors, Referred Presentations


A. Area(s) B. Year(s) Private Industry 11 years


Helps meet underutilization goals (Asian Male)

VII. Special Certifications (licensures) N/A CHP Data obtained from the OIR Institutional Research Data Book for 2003.

AGENDA ITEM: Personnel ISSUE: Reporting of personnel actions, which have occurred since the last

Board meeting of January 7, 2004. BACKGROUND: Temporary appointments, administrative leave and resignations are

delegated to the President and do not require approval by the Board. INFORMATION: The following personnel items are presented to the Trustees as

information:

TEMPORARY APPOINTMENTS Mr. John Patrick Barry, Visiting Assistant Professor of Management, $26,850.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Ms. Lynann H. Butler-Sanchez, Visiting Assistant Professor of Human Services, $18,713.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Dr. John P. Cochran, Interim Dean of the School of Business, $46,000.00 – January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Sylvia Dawson, Visiting Instructor of Journalism, $15,963.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Ms. Amy K. Dore, Visiting Assistant Professor of Health Care Management, $10,090.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Ms. Margaret Halsey, Instructor-Metro Academy at Girl’s View, $19,385.00 – December 12, 2003 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Dr. James Hilton, Visiting Instructor – Teacher in Residence, $17,164.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Mrs. Joyce Kulkarni, Visiting Instructor of Accounting, $17,164.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Yolanda Meade, Academic Advisor, $13,998.00 – Begins January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Ms. Barbara Omdahl, Coordinator, Surveying And Mapping Program, $11,446.00 – January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Ms. Diane L. Porter, Instructor-Metro Academy, $16,000.00 – January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Richard Pozzi, Visiting Assistant Professor of Electrical Engineering Technology, $20,750.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Dr. Karen Raforth, Interim Vice President of Student Services, $51,5000.00 – January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Ms. Christina Reiter, Visiting Assistant Professor of Health Care Management, $10,090.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Matthew Smith, Visiting Instructor of Physics, $18,590.00 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY)

TEMPORARY APPOINTMENTS (continued) Dr. Hal Tamblyn, Interim Associate Dean, $42,5000.00 – January 1, 2004 through June 30, 2004 (TEMPORARY/ADMINISTRATIVE) Mr. Michael D. Thomas, Visiting Assistant Professor of Mechanical Engineering Technology, $11,000.0000 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) Mr. Harold F. Zimbelman, Visiting Assistant Professor of Mechanical Engineering Technology, $11,000.0000 – January 19, 2004 through May 15, 2004 (TEMPORARY/FACULTY) RESIGNATIONS Kathie Morsette, Instructor, Metro Academy, effective January 2, 2004 ADMINISTRATIVE LEAVE Dr. Lucius Drake, Director of the Teacher Education Center and Office of Clinical Services, effective January 19th, 2004 through March 12th, 2004. (Position eliminated effective March 13th, 2004)

AGENDA ITEM: Review of General Studies ISSUE: MSCD’s General Studies Program was described at the June 2003 Trustees’ meeting. Last April, the MSCD Faculty Senate decided to undertake a comprehensive review of the General Studies program during the 2003-2004 academic year. The Trustees have requested an update of that review. The Trustees have stated their desire that the number of General Studies courses be reduced. It is assumed that this concern is directed at the Level II courses. BACKGROUND: MSCD faculty designed and implemented the current General Studies program in the late 1980s and early 1990s. Since then, there have been periodic reviews of the program. In 1993, MSCD hired an outside consultant, Dr. Virginia Smith, to review the program. The program was also reviewed as part of the North Central Accreditation process and other accreditation efforts. Since then individual courses have been reviewed and revised, but there has not been a comprehensive review of the General Studies program. This lack of a recent program review came to light last spring when a departmental chair asked why the General Studies Freshman Composition II course on research and documentation could only be offered by the English Department. In some colleges and universities, this course is taught by various departments and tailored to the discipline. In this alternative model, a business major would take the second semester of Freshman Composition in the business school and would be taught how to research and write for the corporate world. Likewise, a science major would take Freshman Composition II tailored to them so that they could learn the appropriate documentation styles for publishing in scientific journals. Last spring the Faculty Senate Executive Committee examined these concerns and recommended that a comprehensive review of the General Studies program be initiated. This review is such a large and complex endeavor that the Faculty Senate Executive Committee spent two meetings grappling with how to undertake it. In late April the Faculty Senate voted that an Ad Hoc General Studies Committee be established this academic year for the purpose of undertaking a comprehensive review of the General Studies program. The Faculty Senate determined the following four charges to the Ad Hoc General Studies committee at its last regular meeting of spring 2003: First, review the structure of the General Studies program to ascertain whether or not it is accomplishing the program’s goals. If not, then recommendations for modifying the program structure need to be made to the Faculty Senate. Second, the criteria for the different course categories need to be examined to make sure they are appropriate for the early 21st century. If not, then revisions need to be recommended to the Faculty Senate.

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(Charges continued) Third, determine if there needs to be a standing General Studies committee that will review all proposed or revised General Studies curriculum. Fourth, address whether or not all General Studies courses should be periodically reviewed to insure that they still meet the General Studies criteria. If courses need to be reviewed periodically, would each course have a “sunset” at which time it would have to be resubmitted for General Studies designation? Or would it be a more casual review resulting in recommendations for changes to the existing course? Would the standing General Studies committee be charged with re-approval of courses? How frequently would the review occur? The 2003-2004 Faculty Senate defined the following composition for the committee: 1 member will be from the Faculty Senate Curriculum Committee 2 members elected from the School of Business 4 members elected from the School of Letters, Arts and Sciences 2 members elected from the School of Professional Studies Nominations for the committee were solicited from all full-time faculty. An election was held among the faculty of each of the three schools. This was followed by a run-off election in the School of Professional Studies. Concern was expressed about the lack of ethnic diversity on this committee, so with the consent and advice of the Faculty Senate Executive Committee, the Faculty Senate President appointed 3 ex officio members to address this concern. The committee has established a meeting schedule to accomplish their charge of making recommendations to the Faculty Senate by the beginning of April. This should allow sufficient time for this year’s Faculty Senate to discuss and act on the committee’s recommendations. This review of the General Studies Program and criteria should be done prior to any systematic reduction in the number of courses. A comprehensive general education program is a key component of a bachelor’s degree. It is of paramount importance that it is a comprehensive program with well-defined goals and criteria for the different disciplines and objectives that the courses need to meet. It would be poor stewardship of our curriculum to start eliminating courses without having specific criteria for guiding that reduction. These criteria need to fit within a comprehensive program.

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BRIEF REVIEW OF CURRENT GENERAL STUDIES PROGRAM STRUCTURE

MSCD GENERAL STUDIES FRAMEWORK

FUNCTION COURSE WORK HOURS Level I Skills

Development ENG 1010, ENG 1020 MTH 1XXX¹ Communication (Speech, Foreign Language, Reading, Listening)

6 3-4 3

Level II Exposure to disciplines

History Arts & Letters Social Sciences Natural Sciences

3 6 6

6-10 Total Course Work Required 33-37

COMPARISON OF STATE GUARANTEED GENERAL EDUCATION FRAMEWORK AND MSCD’S GENERAL STUDIES PROGRAM The 2001 Colorado State Legislature passed HB 1298 and HB 1263 establishing the concept of a statewide general education core and state guaranteed general education courses. Courses within this general education framework are guaranteed to transfer to any other Colorado state supported institution of higher education. Likewise, MSCD is required to accept in transfer all state guaranteed courses from other Colorado public institutions that fit into the state guaranteed framework. The CCHE started implementing this system 18 months ago, accepting the first applications for approval as state guaranteed general education courses in September 2002. The course proposals are evaluated to determine if they meet the CCHE criteria established by committees composed of CCHE staff and faculty and administrators representing different public institutions.

STATE GUARANTEED TRANSFER PROGRAM FRAMEWORK

State Guaranteed Category State Guaranteed Content State

Hours MSCDHours

Mathematics 3-5 3-4 Written Communications

1. Intro to Writing 2. Intermediate Composition 6 6

Communications – Other than written

--- 3

Arts and Humanities

1. Arts 2. Literature 3. Ways of Thinking Select 3 courses with no more than 2 courses from any 1 category

9 6

4

Social and Behavioral Sciences

1. History 2. Economic and Political Systems 3. Geography 4. Human Behavior and Social Systems Select 3 courses, 1 of which must be history, with no more than 2 courses from any 1 category

3

6

3

6

Natural and Physical Sciences

Select 2 laboratory-based courses 8 6-10

Total 35-37 33-38 The State Guaranteed Transfer program is similar in structure to MSCD’s General Studies program. The differences are: 1. MSCD requires a communication course that develops a skill other than written

communication. Students usually take an oral communications course. State Guaranteed does not include an oral communication requirement.

2. MSCD requires two Arts and Letters courses; State Guaranteed requires three

Arts and Humanities courses. 3. MSCD lists Historical as a separate category; State Guaranteed includes it under

Social and Behavioral Sciences, but both programs require a minimum of one history course and two other social science courses.

4. MSCD does not require lab-based science due to a lack of facilities; State

Guaranteed requires lab-based science. CONSTRAINTS ON MSCD GENERAL STUDIES PROGRAM: A. State Guaranteed Transfer Program Framework:

Nearly 50% of the incoming class and 70% of MSCD’s graduates are comprised of transfer students. It is reasonable to assume that the majority of MSCD’s students will probably have taken one or more general education courses at other institutions. If a student has taken State Guaranteed Transfer courses at another institution, MSCD is required to accept them as meeting our General Studies Program requirements. For example, transfer students who have taken two State Guaranteed Transfer courses in the Social and Behavioral Sciences category cannot be required to take additional Social Sciences courses to meet the MSCD General Studies requirements. We cannot require them to take an additional course because it is a specific requirement of our General Studies program.

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B. Transfer of General Education Courses That Are Not Part of the State Guaranteed Transfer Program Framework: There are many general education courses at other Colorado colleges and universities that have not yet been submitted for consideration in the State Guaranteed Transfer Program. Traditionally, when students transfer into MSCD, the general education courses they have completed at other institutions are considered to be equivalent to existing MSCD General Studies courses. This enables the transfer students to complete their degrees in 120 semester hours. To not accept these courses for General Studies credit would result in the transfer students taking additional courses which would cost both the taxpayers and the students money. It has been our philosophy that if we accept these courses from other institutions then we need to accept our equivalent courses as meeting General Studies requirements. Otherwise, we would have two sets of requirements and would be treating our native students differently from our transfer students.

C. Resource Allocation Constraints

Currently the MSCD catalog has 2022 courses listed of which 174 or 8.6% are in the General Studies program. Thus, the General Studies courses do not comprise a large part of MSCD’s curriculum. The General Studies courses are divided into the following categories:

Level II

Level I Total

Historical

Arts and Letters

Social Science

Natural Sciences

18 courses 28 courses 42 courses 60 courses 44 courses

There are few course options for meeting the Level I General Studies resulting in numerous sections of each of those courses. For example, during the Fall 2003 semester, there were 99 sections of Freshman Composition I, 75 sections of Freshman Composition II and a total of 74 sections of General Studies mathematics courses. If MSCD decided to require all students to take a specific Level II course, perhaps Macro Economics, then at least 75 sections / semester would need to be offered. During fall 2003 there were 17 sections of Macro Economics so 58 sections of this course would need to be added. Assuming that each full-time faculty member teaches 12 credit hours or 4 sections of economics, this would require the addition of the equivalent to 15 new full-time faculty to the Economics Department. Locating and hiring faculty would take several years and would result in a shift in the allocation of faculty positions. This would result in fewer faculty positions being available to meet the needs in other disciplines.

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RECOMMENDATION FOR THE NEXT STEPS: 1. Once the General Studies program has been reviewed and proposed modifications

approved, all of the courses currently in the program need to be reviewed for meeting the criteria and objectives. This will be a large undertaking, and if all of the courses are reviewed at one time, it will require an academic year. The other option is to set up a timetable that coincides with program review or the 5th year anniversary of a course’s acceptance into the college curriculum for the review. Either way, there should be an established timetable of periodic review of the courses caused by a sunset model.

2. Clarification of the Trustees’ goals: Are there any questions about the General

Studies review process that is being undertaken?

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APPENDIX

For Your Information: This appendix contains the criteria for the MSCD Level II General Studies Program and the equivalent competency areas of the State Guaranteed Transfer Program. Criteria for All Level II General Studies Courses

The following criteria must be addressed by all courses seeking General Studies, Level II designation.

A. All Level II General Studies courses must provide instruction in the:

1. knowledge and basic methods fundamental to the discipline.

2. origin and development of theories, concepts, and recurrent themes.

3. relationship to other disciplines.

4. influence of technological change.

5. issue of ethics, ideals, or values.

B. All Level II courses must also provide the opportunity for students to:

1. use and improve writing and other Level I communication skills.

Writing exercises for lower division Level II courses can include reactions to readings; essay test(s); and journals.

2. increase critical and logical thinking and problem solving skills.

3. locate, organize and evaluate material independently.

C. Upper division Level II courses must also provide the opportunity for students to:

1. use some original sources or their translations. 2. complete a paper or project with a written component involving library,

empirical, or experimental research.

Criteria for History Courses

A. In addition to meeting the basic requirements of all Level II courses, students in History courses will have the opportunity to:

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1. Acquire a broad knowledge of history with emphasis upon major forces, persons, and events which have shaped the modern world.

2. Draw contrasts between contemporary societies and those of one or more past centuries and point out important continuities between past and present.

3. Explain causes and effects of historical change.

4. Explore how interrelationships of the political, social, economic, cultural, and intellectual spheres influence history.

5. Interpret history; that is, find meaning and relevance in the complex historical process.

Criteria for Arts And Letters Courses

A. In addition to meeting the basic requirements of all Level II courses, students in Arts and Letters courses will have the opportunity to:

1. Acquire a broad knowledge of classic works and major schools of thought from at least two centuries.

2. Explore the relationships that exist among arts and letters disciplines

3. Develop the foundations for critical evaluation within the discipline.

4. Explore modes of expression and creativity appropriate to the discipline;

however, courses intended primarily for skill development, such as music lessons, are not considered appropriate for General Studies.

5. Recognize the ways in which the particular discipline has contributed to

and/or reflects our present society.

Criteria for Social Science Courses

A. In addition to meeting the basic requirements of all Level II courses, students in Social Science courses will have the opportunity to:

1. Use and improve Level I quantitative skills.

2. Explore the formation, behavior, and interaction of various social, cultural, political, or economic groups and institutions.

3. Learn a variety of causes and consequences of individual and collective human behavior.

4. Recognize how behavior is affected by global interdependence or by the social, cultural, physical, political or economic environment.

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5. Explore structures, models, or processes that have developed

independently or chronologically.

6. Learn to function more effectively in a complex and rapidly changing society by applying appropriate methods to a specific problem.

Criteria for Natural Science Courses

A. In addition to meeting the basic requirements of all Level II courses, students in Natural Science courses will have the opportunity to:

1. Use and improve Level I quantitative skills.

2. Evaluate the differences among fact, speculation, evidence, inference, belief, theory, law and generalization.

3. Interpret basic natural laws related to the discipline.

4. Experience the systematic formulation and testing of hypotheses as well as the importance of accurate observation and measurement.

5. Apply scientific processes to real-life situations that students might encounter.

6. Learn about the experimental basis of scientific knowledge as well as uncertainty and integrity in sciences.

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State Guaranteed Transfer Course Criteria Content Area: Arts and Humanities State-level Goal: Collectively, the general education requirement in art and humanities is designed to

help students: • Recognize the different ways in which humans have perceived their world. • Deepen their understanding of how social, cultural, linguistic, religious,

philosophical, and historical circumstances shape the human environment. • Enhance their appreciation of the creative world. • Explore fundamental questions of value, meaning, and modes of expression

and creativity. • Investigate the cultural character and literatures of the human experience. • Learn to approach problems with greater awareness of their moral dimensions

and ethical consequences.

Criteria for Designating a Humanities Course as State Guaranteed: The content of a “state guaranteed” humanities course shall be designated to provide

students experiences either to: 1. Respond analytically and critically to cultural artifacts, including literature, music,

and works of art by: a. Describing the basic elements and their effects on meaning in work of art.

b. Relating the effects of geography, economics, politics, religion, philosophy and science on the values of a culture and the stylistic features of its arts.

c. Determining how a work reflects or rejects the major values or concerns of a historical era or culture.

d. Interpreting themes or major concepts. OR 2. Compare and contrast attitudes and values of specific eras (e.g., past to the

present), or cultures (e.g., foreign language), including learning the language. OR 3. Understand ways of thinking, including logic and ethics, or obtain a broad

understanding of the different questions dealt with by leading philosophers and their positions on those questions.

AND 4. Competency in critical thinking. 5. Competency in written communication 6. Develop competency in reading or technology.

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Content Area: Social Science State-level Goal:

Collectively, the general education requirements in social sciences are designed to help students acquire a broad foundation in social science knowledge and ability to apply this understanding to contemporary problems and issues. Specifically the social science requirement helps students:

• Gain insight into the methods of social sciences, • Understand historical and social frameworks,

Understand how individuals relate to the social world, past and present.

Criteria for Designating a Social Science Course as State Guaranteed: The content of a “state guaranteed” social science course shall be designated to

provide students experiences either to: 1. Provide content knowledge in one of the following areas: a) Historical, cultural, or social frameworks that explore and compare

achievements, issues, and characteristics or the world and its different cultures. OR

b) United States historical framework exploring important aspects of American culture, society, politics, economics or its position in the world.

OR c) Understanding of contemporary economic or political systems

OR d) Understanding how geography creates a sense of identity, shapes a culture, and influences the economics of a region.

OR e) Knowledge of human behavior, including learning, cognition, and human development.

2. Ability to use the social sciences to analyze and interpret issues. 3. Understand diverse perspectives and groups. AND 4. Competency in Critical Thinking. 5. Competency in Written Communication or Technology.

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Content Area: Natural/Physical Sciences State-level Goal: Collectively, the general education requirement in natural and physical sciences is

designed to help students master scientific knowledge at a level that facilitates communication in an increasingly technological society, including: • To instill a clear understanding of the basic scientific viewpoint • To enable students to learn and use the scientific method • To evaluate the impacts of science and technology on society • To increase the level of science literacy

Criteria for Designating a Science Course as State Guaranteed: 1. The content of a “state guaranteed” science course shall be designed to develop

students’: a) foundational knowledge in specific fields(s) of science. b) understanding of and ability to use the scientific method. c) recognition that science as a process involves the interplay of observation,

experimentation and theory. d) use of quantitative approaches to study natural phenomena. e) ability to identify and highlight interconnections between specific course

being taught and larger areas of scientific endeavor. f) ability to distinguish among scientific, nonscientific, and pseudoscientific

presentations, arguments and conclusions. 2. The required laboratory component of a science course will: a) develop concepts of accuracy, precision, and the role of repeatability in

acquisition of scientific knowledge. b) be predominately hands-on and inquiry-based with demonstration

components playing a secondary role. c) emphasize a student’s formulation and testing of hypotheses with

scientific rigor. d) stress student generation and analysis of actual data, the use of abstract

reasoning to interpret these data, and communication of the results of experimentation.

e) develop modern laboratory skills. f) emphasize procedures for laboratory safety. AND 3. Competency in mathematics 4. Competency in critical thinking

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