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

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

Dec 10, 2023 220 likes •402 views

RMAC: CPP Budget Overview 2007/08 2011/12 February 3, 2012 Budget Services Cal Poly Pomonas Budget CPP Budget Trends 2012/13 Budget Est 2 CPP Budget Services Cal Poly Pomona 2011/12 University Budget Plan Summary as of January

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SLIDE 1

RMAC:

CPP Budget Overview

2007/08 – 2011/12

February 3, 2012

Budget Services

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SLIDE 2

Cal Poly Pomona’s Budget

 CPP Budget Trends  2012/13 Budget Est

2

CPP Budget Services

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SLIDE 3

3

Division 2011/12 Base Budget One-Time Temp Budget 2011/12 Mid- Year Reduction Total One-Time Temp Budget 2011/12 Total Budget 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 $

Cal Poly Pomona 2011/12 University Budget Plan Summary as of January 17, 2012

CPP Budget Services

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SLIDE 4

4

$75,000,000 $85,000,000 $95,000,000 $105,000,000 $115,000,000 $125,000,000 $135,000,000 $145,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Divisions

45,000,000 55,000,000 65,000,000 75,000,000 85,000,000 95,000,000 105,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Centrally Managed

2007/08 2008/09 2009/10 2010/11 2011/12 Total Change Percent 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%

CPP Budget Services

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SLIDE 5

Uses for the Centrally Managed Fund

$- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2007/08 2008/09 2009/10 2010/11 2011/12 Benefits Utilities Financial Aid Risk Management Space Rental

5 Centrally Managed 2007/08 2008/09 2009/10 2010/11 2011/12 Percent of Total 4-Year 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%

CPP Budget Services

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SLIDE 6

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

Cal Poly Pomona Annual Budget 2007/08 through 2011/12

  • 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

6

CPP Budget Services

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SLIDE 7

$25,000,000 $75,000,000 $125,000,000 $175,000,000 $225,000,000 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12 2011/12

Cal Poly Pomona General Operating 5 Year Fund

Other Revenue Tuition Fees General Fund

7

CPP Budget Services

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SLIDE 8

8

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 $75,000,000 $85,000,000 $95,000,000 $105,000,000 $115,000,000 $125,000,000 $135,000,000 $145,000,000 $155,000,000 $165,000,000 Budget

CPP General Fund 5-Year Summary

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 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 $110,000,000 Budget

CPP Tuition Fees 5-Year Summary

CPP Budget Services

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SLIDE 9

Net 5-Yr Reduction: $(9,007,055)

9

$- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 $50,000,000

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

Revenue Budget Change

Annual Tuition Fee Revenue Change 2008/09 to 2011/12

$(60,000,000) $(50,000,000) $(40,000,000) $(30,000,000) $(20,000,000) $(10,000,000) $- $10,000,000 $20,000,000

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)

Budget Change

Annual General Fund Change 2008/09 to 2011/12

CPP Budget Services

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SLIDE 10

$3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 2007/08 2008/09 2009/10 2010/11 2011/12

Dollars per FTE Annual Change

GF/FTE TF/FTE

10

CPP Budget Services

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SLIDE 11

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

Cal Poly Pomona Annual Budget 2007/08 through 2011/12

  • 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

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SLIDE 12

12

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SLIDE 13

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?

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

Carryforward 2007/08 2008/09 2009/10 2010/11 2011/12 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 CPP Budget Services

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SLIDE 14

CPP Allocation and Carryforward Balance

14

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 214,895,469 213,668,894 192,090,822 215,774,192 208,583,062

  • 50,000,000

100,000,000 150,000,000 200,000,000 250,000,000

  • 50,000,000

100,000,000 150,000,000 200,000,000 250,000,000 2007/08 2008/09 2009/10 2010/11 2011/12 Perm Allocation Total Carryforward

CPP Budget Services

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SLIDE 15

Divisons: Allocation and Carryforward Balance

15

  • 500,000

1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

President

Perm CFWD

  • 20,000,000

40,000,000 60,000,000 80,000,000 100,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Academic Affairs

Perm CFWD

  • 4,000,000

8,000,000 12,000,000 16,000,000 20,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Admin Affairs

Perm CFWD

  • 2,000,000

4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

I & IT

Perm CFWD

  • 4,000,000

8,000,000 12,000,000 16,000,000 20,000,000 24,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Student Affairs

Perm CFWD

  • 1,000,000

2,000,000 3,000,000 4,000,000 2007/08 2008/09 2009/10 2010/11 2011/12

Univ Advancement

Perm CFWD CFWD

CPP Budget Services

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SLIDE 16

What does 2012/13 have in store for CPP?

Most critical is the 2012/13 State Budget

  • Governor Proposed Flat state budget for 2012/13
  • BoT has agreed to 9% Tuition Fee Rate Increase – about $12M for CPP – 1/3 of

revenue will go to SUG

  • Governor’s Tax Initiative
  • If Fails - $200Million Mid-Year trigger reduction to CSU
  • CPP could face approx $9.4M Mid-Year reduction
  • Rolling Retirement and Bond Funding into CSU’s budget –
  • variations in year’s to come will be funded by CSU
  • On the other hand, if Governor’s Tax Initiative passes, 2013/14 Higher

Education could receive 4% GF increase on the increased base – how will CO handle this increase ?

16

CPP Budget Services

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SLIDE 17

17

Division 2011/12 Base Budget 2012/13 Base Adjustments related to 9% Fee Increase 2012/13 Base Budget Reduction related to Mid- Year 2011/12 2012/13 Adjusted Base Budget One-Time Beginning Budget Balances One-Time Budget Backfill for Base Reduction Total One- Time Budget 2012/13 Potential $200M Reduction President 1,597,605 $

  • $

(75,617) $ 1,521,988 $

  • $

75,617 $ 75,617 $ (145,180) $ Academic Affairs 68,753,090

  • (3,254,166)

65,498,924

  • 3,254,166

3,254,166 (6,247,832) Administrative Affairs 13,365,863

  • (632,622)

12,733,241

  • 632,622

632,622 (1,214,602) Instr & Info Tech 6,290,576

  • (297,740)

5,992,836

  • 297,740

297,740 (571,647) Student Affairs 11,255,950

  • (532,758)

10,723,192

  • 532,758

532,758 (1,022,867) Student Health Services 3,540,000

  • 3,540,000
  • University Advancement

2,645,129

  • (125,197)

2,519,932

  • 125,197

125,197 (240,372) Total, Divisions 107,448,213 $

  • $

(4,918,100) $ 102,530,113 $

  • $

4,918,100 $ 4,918,100 $ (9,442,500) $ Centrally Managed Benefits 50,999,169 $

  • $
  • $

50,999,169 $

  • $
  • $
  • $
  • $

Financial Aid State Univ Grants 31,198,800 4,244,000

  • 35,442,800
  • EOP, Other

1,024,909

  • 1,024,909
  • Total Fin Aid

32,223,709 4,244,000

  • 36,467,709
  • Risk Management

3,905,444

  • 3,905,444
  • Space Rental

922,364

  • 922,364
  • Utilities

9,867,982

  • 9,867,982
  • Total, Centrally Managed

97,918,668 $ 4,244,000 $

  • $

102,162,668 $

  • $
  • $
  • $
  • $

University Designated 972,420 $

  • $
  • $

972,420 $ 972,420 $

  • $

972,420 $

  • $

Unallocated 243,761 8,462,000

  • 8,705,761

16,314,551 (4,918,100) 11,396,451

  • Reserve

2,000,000

  • 2,000,000

3,000,000

  • 3,000,000
  • Total, University

3,216,181 $ 8,462,000 $

  • $

11,678,181 $ 20,286,971 $ (4,918,100) $ 15,368,871 $

  • $

Grand Total, CPP Uses 208,583,062 $ 12,706,000 $ (4,918,100) $ 216,370,962 $ 20,286,971 $

  • $

20,286,971 $ (9,442,500) $

Cal Poly Pomona 2012/13 University Budget Plan Summary

CPP Budget Services