2013-15 Biennium Budget 2013-15 Operating & Capital Budget - PowerPoint PPT Presentation

2013-15 Biennium Budget 2013-15 Operating & Capital Budget Board of Trustees Meeting - July 9, 2013 1

State Budget Biennial Overview Senate House Conference Eastern’s State Funding Proposal Proposal Budget Current State Funding, 2011-13 Biennium $68,089,000 $68,089,000 $68,089,000 Increase in Maintenance Level 5,165,000 5,165,000 4,733,000 New Institutional Funding 1,610,000 0 5,509,000 Maintenance and Operations for Patterson Hall 262,000 0 432,000 Administrative Efficiencies (346,000) 0 0 Performance Funding 260,000 0 0 0 384,000 0 Improve Graduation Rates New Funding Level, 2013-15 Biennium $75,040,000 $73,638,000 $78,763,000 2

GF-State Funding per FTE Student $6,750 $6,447 $6,500 $6,250 $6,119 $6,000 $5,779 $5,693 $5,750 $5,635 $5,500 $5,250 $4,937 $5,000 $4,750 $4,518 $4,500 $4,500 $4,250 $3,926 $4,000 $3,870 $3,750 $3,500 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Data based on GFS allocations and OFM budgeted state enrollments. 2014 & 2015 projections based on estimated maintenance level budget and enrollment at 8,734 3

Tuition & Fees 4

2013-15 Tuition, Fees, and Student Impact Tuition Rate Increases • – FY2014 tuition rates legislatively set at 0% increase for resident undergraduates and EWU retains the ability to increase rates for all other categories – For the second year of the biennium, there are no tuition restrictions. Mandatory Fees • Housing and Dining Rates • Resident Undergraduate Cost of Education • 5

FY2014 and FY2015 Tuition & Fee Increases FY2014 FY2015 Tuition - Resident Undergraduate 0% 6% Tuition - Resident Graduate 7% 6% Tuition - Nonresident Undergraduate 7% 6% Tuition - Nonresident Graduate 7% 6% Service & Activity Fees 0% TBD Housing & Dining Rates 7.2% 6.9% Mandatory Fee – 4.65% 4.72% Comprehensive Health and Wellness Differential Tuition – $400 per semester $400 per semester Communication Disorders 6

Student Impact 2014 Tuition Rates - 0% RU, 7% Other 0% RU, 7% Other Current increase - Category Quarterly Annual Tuition Rates Rate $ Quarterly Rate Resident $2,457 $2,457 $0 $7,372 Undergraduate Resident Graduate $3,233 $3,445 $10,335 $212 Nonresident $6,039 $6,447 $19,341 $408 Undergraduate Nonresident Graduate $7,484 $7,994 $23,982 $510 $510 7

Student Impact 2015 Tuition Rates - 6% 6% Current increase Quarterly Category Annual Tuition Quarterly $ Rate Rates Rate Resident $2,457 $2,604 $7,812 Undergraduate $147 Resident Graduate $3,445 $3,652 $10,956 $207 Nonresident $6,447 $6,834 $20,502 $387 Undergraduate Nonresident $7,994 $8,474 $25,422 $480 Graduate Actual rates may be lower based on FY2015 S&A Fee rate 8

FY2014 & FY2015 Mandatory Fees Quarterly FY2013 FY2014 FY2015 Category Fees Fees Fees Technology Fee $35.00 $35.00 $35.00 Transportation Fee 6.50 12.00 15.00 Recreation Center Fee 65.00 65.00 65.00 Comprehensive Health & 80.60 84.34 88.33 Wellness Fee Total Fees $187.10 $196.34 $203.33 All categories of students pay the same level of mandatory fees. 9

Housing and Dining Rates The rates were approved as part of the bond issuance process for the new residence hall project. FY2013 FY2014 FY2015 FY 2014 FY2015 Average Average Average Annual $ $ Quarterly Quarterly Quarterly Annual Rate Rate Rate Rate Rate Double Room/Gold $2,803 $3,005 $9,015 $3,211 $9,633 Meal Plan $206 $202 Single Room/Gold $3,103 $3,305 $9,915 $3,511 $10,533 $202 Meal Plan $206 * Average increase over prior year 7.2% 6.9% 10

Resident Undergraduate Cost of Education Cost of Education FY2013 FY2014 FY2015 Tuition $7,372 $7,372 $7,812 Mandatory Fees 561 589 610 Course Fees 150 150 150 Books & Supplies 1,050 1,050 1,050 Educational Cost $9,133 $9,161 $9,622 11

Operating Budget 12

2013-15 University Operating Budget Revenues- All Funds FY2014 FY2015 2013-15 Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 40,943,509 44,345,821 85,289,330 Service Funds 3,612,519 3,637,960 7,250,479 Total Education and General $152,536,524 $160,589,277 $313,125,801 Auxiliary Enterprises 40,770,758 42,115,635 82,886,393 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000 2013-15 Operating Revenues $244,942,282 $255,189,912 $500,132,194 13

2013-15 University Operating Budget Expenditures- All Funds FY2014 FY2015 2013-15 Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 42,696,252 43,440,484 86,136,736 Service Funds 3,669,017 3,668,534 7,337,551 $154,345,765 $159,714,514 $314,060,279 Total Education and General Auxiliary Enterprises 39,464,348 40,166,588 79,630,936 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000 2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215 2013 Estimated Additional Revenue $1,500,000 14

2013-15 Operating (Tuition) Fee Assumptions FY2014 FY2015 Budgeted FTES – state supported 10,270 10,427 Enrollment Growth from prior year 1.5% 1.5% Tuition Increase-Resident Undergraduate 0% 6% Tuition Increase-Nonresident Undergraduate 7% 6% Tuition Increase-Graduate 7% 6% EWU Financial Aid 4% 5% 15

2013-15 Operating (Tuition) Fee Revenue FY2014 FY2015 2013-15 Gross Operating (Tuition) Fee Revenue $80,308,777 $86,059,093 $166,367,870 Less: Tuition Waivers (12,318,608) (12,318,608) (24,637,216) EWU Grant (2,690,967) (3,651,224) (6,342,191) Uncollectible Allowance (716,000) (716,000) (1,432,000) Plus: Interest Income 275,000 275,000 550,000 Net Operating (Tuition) Fee Revenue $64,858,000 $69,648,000 $134,506,000 Additional Tuition Revenue $3,418,000 $4,790,000 $8,208,000 16

Total State Funding and Operating (Tuition) Fees (Ledger 1) FY2014 FY2015 2013-15 Total General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust Fund 7,790,000 7,680,000 15,470,000 Operating (Tuition) Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Total $107,980,496 $112,605,496 $220,585,992 17

Use of New Revenue • In support of Strategic Plan • Major investment is in relation to student success, including emerging enrollment needs • New Faculty Positions – $1,716,000 • Restoring the classified staff – $531,000 (9 FTE) • Infrastructure: fixed costs and maintenance of campus facilities – $47,000 • Investment in Information Technology – $333,000 • Investment in visibility – $155,000 • Capital investment due to declining capital budget • Employee compensation 18

Local Dedicated Fund by Executive Level (Ledger 2) • The dedicated local fund provides educational programs which support the mission of the university but that are not directly funded by the Washington State Legislature. • Programs in this fund include Running Start, Summer Session, International Field Studies, Study Abroad, course fees and other continuing education courses. FY2014 FY2015 Change in Net Change in Net Revenue Expenditure Revenue Expenditure Fund Transfers Fund Transfers Balance Balance President $0 $30,000 $72,530 $42,530 $0 $30,000 $75,950 $45,950 Academic Affairs 28,925,661 29,271,970 (517,530) (863,839) 31,882,702 29,973,156 (420,950) 1,488,596 Business & 6,719,232 7,677,191 (163,300) (1,121,259) 7,028,118 7,905,527 (163,300) (1,040,709) Finance Student Affairs 4,118,200 4,463,326 0 (345,126) 4,230,300 4,475,826 0 (245,526) Advancement 6,900 6,900 0 0 6,900 6,900 0 0 OIT 1,173,516 1,246,865 0 (73,349) 1,197,801 1,049,075 0 148,726 University Total $40,943,509 $42,696,252 ($608,300) ($2,361,043) $44,345,821 $43,440,484 ($508,300) $397,037 19

Student Technology Fee • Student Technology Fee is $35 per quarter • All students taking 6 or more credits are assessed the full student technology fee • Allocation of resources is recommended by the Student Technology Fee Committee • Fee funds general and open access student computing labs replacement and renewal of equipment and operations, key technology services such as student email and other web services. • Annual replacement of 250-350 computers along with software, printers, storage, servers • Software renewal • Investment in the storage area network • New investments in library technology, digital signage, universal access software, and recording studio Student Technology Fee- fund FY2013 FY2014 FY2015 within Ledger 2 group Projected Budget Budget Revenues $1,116,000 $1,120,000 $1,145,000 Expenses $1,218,000 $1,297,000 TBD 20