Budget Assumptions FY 2019-20 Revenue Sources Enrollment Driven - - PowerPoint PPT Presentation

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Mar 17, 2023 352 likes •487 views

Budget Assumptions FY 2019-20 Revenue Sources Enrollment Driven 89.9% Non-Native American Tuition Native American Tuition Auxiliary Revenues State Funding (COF & FFS) Student Fees (Mandatory and Course Specific

SLIDE 1

Budget Assumptions FY 2019-20

SLIDE 2

Revenue Sources

Enrollment Driven 89.9%

Non-Native American Tuition
Native American Tuition
Auxiliary Revenues
State Funding (COF & FFS)
Student Fees (Mandatory and Course

Specific Non Enrollment Driven 2.7%

Other Revenue

Restricted Funds 7.4%

Grants
Donation Revenue - Restricted

SLIDE 3

Expenditures

Instruction 27.2% Auxiliary Enterprises 18.7% Academic Support 9.6% Student Services 9.5% Institutional Support 9.0% Scholarships/Financial Aid 8.3% Athletics 6.5% Operation and Maintenance 4.9%

f Plant

Debt Service 4.7% Research 0.9% Public Service 0.8%

SLIDE 4

Changing Landscape of Higher Education Funding

Source: Colorado Commission on Higher Education, Tuition and Fee Report – FY 2018-19

In FY 2000-01, the State of Colorado covered 68% of a student's cost of education, while students and families picked up 32%. By FY 2011-12, those percentages had reversed, and have remained fairly consistent.

SLIDE 5

Cost of Attendance

No tuition increases for Resident or Non-Resident Students No room rate increases – Average board rate increase of 4% Mandatory Student fee decrease of 9.3%

Page 3 – Budget Parameters

SLIDE 6

Tuition and Fees - Comparisons

Within Colorado – FY 2018-19 compared to four-year institutions
Lowest resident tuition and fees – 88.9% of the average
Lowest non-resident tuition and fees – 82.6% of the average
Amongst COPLAC Peers
Resident - 88.6% of average – has been increasing over the last eight years
Non-Resident – 90.8% of average – had been decreasing until FY 2017-18,

when FLC raised non-resident tuition rates for the last two years.

Pages 4 and 5 – Budget Parameters

SLIDE 7

Faculty and Staff Salary Increases

FY 2019-20 Proposed Faculty and Exempt Staff increases

f 3%

Classified Staff increases are legislated at 3%

Page 11 – Budget Parameters

SLIDE 8

New Funding Tied to Strategic Plan

Pages 12 & 13 – Budget Parameters

SLIDE 9

Students at the Center

High Impact Curricular and Co-Curricular practices to improve student

success and retention

Advising – Academic Peril Advisors
Mental and Physical Health Support for Students
Mosaic Center – staffing
Innovative and Best Recruitment, Communications and Admission

Practices

Admission initiatives
Student Enrollment and Outreach Specialist

Pages 12 & 13 – Budget Parameters

SLIDE 10

Community and Regional Partnerships

Create new pathways and partnerships for educational enrichment

and/or employment that meet market needs in the Four Corners region

Teaching and Learning Services – expansion of online programs

Page 13 – Budget Parameters

SLIDE 11

Systems to Facilitate Success

Evaluate, assess, and improve upon current practices and new

initiatives

Digital Accessibility needs
Add Police Officer

Page 13 – Budget Parameters