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FY11/12 SUNY Oneonta State Purposes Budget Update. Administrative Forum, September 6 th , 2011. FY11/12 Budget Context: NYS Budget. FY11/12 State Budget Deficit: $10.0 billion FY11/12 State Budget cuts & other actions addressed this deficit - PowerPoint PPT Presentation
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Administrative Forum, September 6th, 2011
FY11/12 SUNY ONEONTASTATE PURPOSESBUDGET UPDATE
FY11/12 Budget Context: NYS BudgetFY11/12 State Budget Deficit: $10.0 billion
FY11/12 State Budget cuts & other actions addressed this deficit
SUNY State-Ops’ net share of Executive State Budget cuts: $131.4 million
Current Out-year State Budget Deficit Projections (as of
6/30/11):FY12/13: $2.4 billionFY13/14: $2.8 billionFY14/15: $4.6 billion
9/6/2011Admin Forum Budget Update
Out-year Budget Context SUNY 2020 may help limit the severity of cuts over the next 4 years
Included in the legislation: “The State would be required to appropriate… General Fund operating support in an amount no less than provided in the prior State Fiscal Year, except that if the Governor declares a fiscal emergency…”
Inflationary costs can still have an impact – lack of funding to cover inflation has the same effect as a funding cut
Funding reductions may still come from within SUNY: changes in Resource Allocation Method funding for SUNY Strategic Plan
State tax revenues for April – June 2011 were up relative to last year, with NYS near the top with a gain over last year of $2.3 billion (21%)
9/6/2011Admin Forum Budget Update
FY11/12 Financial Plan v. Estimated Need
$44.4m
($45.4m)
($1.0m)
($8.7m)
FY11/12 State Financial Plan Funding, including $300 tuition increase: $12.8m State Support $32.0m Tuition and other related revenue ($0.4m) Tuition Credit funding
FY11/12 Projected Campus Need: $45.0m Adjusted FY10/11 State Financial Plan $0.4m salary inflation
FY11/12 Net Budget Gap
Net losses over the last four years
9/6/2011Admin Forum Budget Update
Closing the Budget Gap: Campus Actions($1.0m) FY11/12 Budget Gap
$3.4m in savings & revenue actions Salary & Other Savings, $2.5m, July 2010 - present
Savings from turnover, Early Retirements, Administrative Restructuring Net reduction of approximately 19.5 vacant positions
Increased Tuition Revenue, $0.3m FY10/11 enrollment growth Residential v. Non-Residential (including International) Mix
Student Fee Revenue, $0.2m enrollment growth, inflation-indexed fee increases (per SUNY
guidelines) Summer Session Technology Fee
Room Rate Increases, $0.4m
9/6/2011Admin Forum Budget Update
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Billed Cost of Education: Fall 2011Per Semester
Fall 2010 Fall 2011 $ Change % ChangeIn-State Undergraduate Tuition $2,485.00 $2,635.00 $150.00 6.0%Dorm Room (Standard Double) $2,767.00 $2,936.00 $169.00 6.1%Dining Plan (Unlimited) $1,875.00 $1,925.00 $50.00 2.7%
Tuition, Room & Board Subtotal $7,127.00 $7,496.00 $369.00 5.2%
Athletic Fee $181.00 $187.50 $6.50 3.6%Technology Fee $196.00 $196.50 $0.50 0.3%Health Fee $141.50 $147.00 $5.50 3.9%College Fee $12.50 $12.50 $0.00 0.0%Transcript Fee $5.00 $5.00 $0.00 0.0%
Comprehensive Fee Subtotal $536.00 $548.50 $12.50 2.3%annualized $1,072.00 $1,097.00 $25.00 2.3%
Student Activity Fee $94.25 $96.00 $1.75 1.9%Alumni Fee $10.00 $10.00 $0.00 0.0%
Other Fee Subtotal $104.25 $106.00 $1.75 1.7%
SEMESTER GRAND TOTAL $7,767.25 $8,150.50 $383.25 4.9%
Annual Cost $15,534.50 $16,301.00 $766.50 4.9%
9/6/2011Admin Forum Budget Update
Looking ahead…$2.4m savings banked for FY12/13We do not anticipate another ERI Program.Utilize campus reserves to smooth over the bumpsWork with campus community to identify additional
savings and/or revenue opportunitiesContinue to invest in strategic prioritiesDevelop formal means to prioritize budget allocation that
is strategic, transparent, and inclusive.
9/6/2011Admin Forum Budget Update
QUESTIONS?
9/6/2011Admin Forum Budget Update
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