RMAC: CPP Budget Overview 2007/08 2011/12 February 3, 2012 Budget - PowerPoint PPT Presentation

RMAC: CPP Budget Overview 2007/08 – 2011/12 February 3, 2012 Budget Services

Cal Poly Pomona’s Budget  CPP Budget Trends  2012/13 Budget Est 2 CPP Budget Services

Cal Poly Pomona 2011/12 University Budget Plan Summary as of January 17, 2012 2011/12 Base One-Time 2011/12 Mid- Total One-Time 2011/12 Total Budget Temp Budget Year Reduction Temp Budget Budget Division President $ 1,597,605 $ 895,807 $ - $ 895,807 $ 2,493,412 Academic Affairs 68,753,090 18,161,275 - 18,161,275 86,914,365 Administrative Affairs 13,365,863 3,744,472 - 3,744,472 17,110,335 Instr & Info Tech 6,290,576 1,745,147 - 1,745,147 8,035,723 Student Affairs 11,255,950 2,554,107 - 2,554,107 13,810,057 Student Health Services 3,540,000 (140,864) - (140,864) 3,399,136 University Advancement 2,645,129 966,935 - 966,935 3,612,064 Total, Divisions $ 107,448,213 $ 27,926,879 $ - $ 27,926,879 $ 135,375,092 Centrally Managed Benefits $ 50,999,169 $ 1,318,139 $ - $ 1,318,139 $ 52,317,308 Financial Aid State Univ Grants 31,198,800 2,243,458 - 2,243,458 33,442,258 EOP, Other 1,024,909 (27,535) - (27,535) 997,374 Total Fin Aid 32,223,709 2,215,923 - 2,215,923 34,439,632 Risk Management 3,905,444 - - - 3,905,444 Space Rental 922,364 - - - 922,364 Utilities 9,867,982 3,502,114 - 3,502,114 13,370,096 Total, Centrally Managed $ 97,918,668 $ 7,036,176 $ - $ 7,036,176 $ 104,954,844 University Designated $ 972,420 $ 3,787,423 $ - $ 3,787,423 $ 4,759,843 Unallocated 243,761 15,716,044 (4,918,100) 10,797,944 11,041,705 Reserve 2,000,000 3,000,000 - 3,000,000 5,000,000 Total, University $ 3,216,181 $ 22,503,467 $ (4,918,100) $ 17,585,367 $ 20,801,548 Grand Total, CPP Uses $ 208,583,062 $ 57,466,522 $ (4,918,100) $ 52,548,422 $ 261,131,484 3 CPP Budget Services

Percent 2007/08 2008/09 2009/10 2010/11 2011/12 Total Change Change Divisions $ 140,182,803 $ 139,193,681 $ 109,022,954 $ 127,511,908 $ 107,409,273 $ (32,773,530) -23.4% Centrally Managed 72,071,843 74,403,176 81,207,706 84,937,064 97,918,668 25,846,825 35.9% University 2,640,823 72,037 1,860,162 3,325,120 3,255,121 614,298 23.3% Total $ 214,895,469 $ 213,668,894 $ 192,090,822 $ 215,774,092 $ 208,583,062 $ (6,312,407) -2.9% Divisions $145,000,000 $135,000,000 $125,000,000 $115,000,000 $105,000,000 $95,000,000 $85,000,000 $75,000,000 2007/08 2008/09 2009/10 2010/11 2011/12 Centrally Managed 105,000,000 95,000,000 85,000,000 75,000,000 65,000,000 55,000,000 45,000,000 2007/08 2008/09 2009/10 2010/11 2011/12 4 CPP Budget Services

Uses for the Centrally Managed Fund Percent of 4-Year 2007/08 2008/09 2009/10 2010/11 2011/12 Centrally Managed Total Change Benefits $ 44,057,438 $ 45,169,790 $ 45,744,932 $ 46,767,792 $ 50,999,169 52.1% 15.8% Utilities 7,391,780 7,630,980 8,368,968 9,235,548 9,867,982 10.1% 33.5% Financial Aid 15,864,817 16,844,598 22,335,998 24,157,609 32,223,709 32.9% 103.1% Risk Management 3,905,444 3,905,444 3,905,444 3,905,444 3,905,444 4.0% 0.0% Space Rental 852,364 852,364 852,364 852,364 922,364 0.9% 8.2% Total Cent'ly Mgd $ 72,071,843 $ 74,403,176 $ 81,207,706 $ 84,918,757 $ 97,918,668 100.0% 35.9% $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- 2007/08 2008/09 2009/10 2010/11 2011/12 Benefits Utilities Financial Aid Risk Management Space Rental 5 CPP Budget Services

Cal Poly Pomona Annual Budget 2007/08 through 2011/12 Mid Year Reduction Fund Source 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 General Fund $ 146,607,350 $ 145,896,192 $ 140,917,092 $ 106,124,922 $ 124,212,192 $ 96,644,062 Tuition Fees 57,696,667 62,823,000 62,823,000 75,416,000 79,609,000 101,152,000 Other Revenue 10,591,452 9,912,000 9,928,802 10,549,900 11,953,000 10,787,000 Total Budget $ 214,895,469 $ 218,631,192 $ 213,668,894 $ 192,090,822 $ 215,774,192 $ 208,583,062 • 2007/08 – Last year before the economic tsunami hit the US and California • 2008/09 – GF reduced, offset with $5M fee revenue increase • 2008/09 had total $4.979M mid-year reductions in November & December • 2009/10 22% Gen Fund Reduction but, offset with U.S. Stimulus funds • 2010/11 State increased CSU Budget; CPP had a $14M Gen Fund increase, but, Enrollment was reduced which reduced revenue budget • 2011/12 State reduced CPP’s GF budget by another 22% or $27.6M followed by a Mid-Yr reduction of another $4.9M. Total reduction of 26.2% from 2010/11 CPP Budget Services 6

Cal Poly Pomona General Operating 5 Year Fund $225,000,000 $175,000,000 $125,000,000 $75,000,000 $25,000,000 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 2011/12 Other Revenue Tuition Fees General Fund 7 CPP Budget Services

CPP General Fund 5-Year Summary $165,000,000 $155,000,000 $145,000,000 $135,000,000 Budget $125,000,000 $115,000,000 $105,000,000 $95,000,000 $85,000,000 $75,000,000 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 2011/12 General Fund $146,607,350 $145,896,192 $140,917,092 $106,124,922 $124,212,192 $96,644,062 $91,725,962 CPP Tuition Fees 5-Year Summary $110,000,000 $100,000,000 $90,000,000 Budget $80,000,000 $70,000,000 $60,000,000 $50,000,000 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 Tuition Fees $57,696,667 $62,823,000 $62,823,000 $75,416,000 $79,609,000 $101,152,000 8 CPP Budget Services

Annual General Fund Change 2008/09 to 2011/12 $20,000,000 $10,000,000 Budget Change $- $(10,000,000) $(20,000,000) $(30,000,000) $(40,000,000) $(50,000,000) $(60,000,000) 2008/09 2008/09 2009/10 2010/11 2011/12 2011/12 Total General Fund $(711,158) $(4,979,100) $(34,792,170) $18,087,270 $(27,568,130) $(4,918,100) $(54,881,388) Annual Tuition Fee Revenue Change 2008/09 to 2011/12 $50,000,000 $45,000,000 Revenue Budget Change $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- 2008/09 2008/09 2009/10 2010/11 2011/12 2011/12 Total Tuition Fee $5,126,333 $- $12,593,000 $4,193,000 $21,543,000 $2,419,000 $45,874,333 Net 5-Yr Reduction: $(9,007,055) 9 CPP Budget Services

Dollars per FTE Annual Change $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 2007/08 2008/09 2009/10 2010/11 2011/12 GF/FTE TF/FTE 10 CPP Budget Services

Cal Poly Pomona Annual Budget 2007/08 through 2011/12 Mid Year Reduction Fund Source 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 General Fund $ 146,607,350 $ 145,896,192 $ 140,917,092 $ 106,124,922 $ 124,212,192 $ 96,644,062 Tuition Fees 57,696,667 62,823,000 62,823,000 75,416,000 79,609,000 101,152,000 Other Revenue 10,591,452 9,912,000 9,928,802 10,549,900 11,953,000 10,787,000 Total Budget $ 214,895,469 $ 218,631,192 $ 213,668,894 $ 192,090,822 $ 215,774,192 $ 208,583,062 • 2007/08 – Last year before the economic tsunami hit the US and California • 2008/09 – GF reduced, offset with $5M fee revenue increase • 2008/09 had total $4.979M mid-year reductions in November & December • 2009/10 22% Gen Fund Reduction but, offset with U.S. Stimulus funds • 2010/11 State increased CSU Budget; CPP had a $14M Gen Fund increase, but, Enrollment was reduced which reduced revenue budget • 2011/12 State reduced CPP’s GF budget by another 22% or $27.6M followed by a Mid-Yr reduction of another $4.9M. Total reduction of 26.2% from 2010/11 11 CPP Budget Services

12

So How is CPP surviving? • In light of -$9M reduction over 5 years, the Campus has the ability to Use One-time Carryforward Balances What are the Carryforward Balances? 2007/08 2008/09 2009/10 2010/11 2011/12 Carryforward President $ 543,704 $ 413,816 $ 485,327 $ 681,118 $ 895,807 Academic Affairs 3,009,287 1,831,930 4,422,518 5,888,265 18,669,268 Administrative Affairs 1,429,109 1,658,545 2,425,708 1,652,449 3,458,437 I & IT 2,087,592 3,165,509 2,022,861 2,035,843 1,808,706 Student Affairs 1,313,334 841,915 1,715,015 924,730 2,098,714 Health Services 437,485 235,273 353,003 285,123 (28,644) University Advancement 287,931 40,612 110,481 166,012 777,806 Centrally Managed & University 12,136,192 13,473,658 23,011,515 28,601,122 29,676,871 Total Carryforward $ 21,244,634 $ 21,661,258 $ 34,546,428 $ 40,234,662 $ 57,356,965 How were Carryforward Balances achieved? Beginning 2007/08: • VP approval of purchases over $1,000 • Travel Limits • Hiring Limits • Campus has collectively worked at not spending its budgets 13 CPP Budget Services

CPP Allocation and Carryforward Balance 250,000,000 250,000,000 200,000,000 200,000,000 150,000,000 150,000,000 100,000,000 100,000,000 50,000,000 50,000,000 - 2007/08 2008/09 2009/10 2010/11 2011/12 - 2007/08 2008/09 2009/10 2010/11 2011/12 Total Carryforward $21,244,634 $21,661,258 $34,546,428 $40,234,662 $57,356,965 Perm Allocation Total Carryforward Perm Allocation 214,895,469 213,668,894 192,090,822 215,774,192 208,583,062 14 CPP Budget Services