Budget ReportApril 16, 2014

Governor’s 2014-15 Budget, CPP

● Gov. budget adds $142 m. to overall CSU budget.

Cal Poly Budget 2014-15 (proposed): ● General Fund: $107,005,142 (+ $3,488,300 over 2013-14)

● Tuition Fees: $ 112,550,000 (+ $2,951,000 over 13-14).

● Non-Resident Fees $ 6,067,000

● Other Fees $ 7,494,000

● Total CPP Budget: $ 233,116,142 (+ $6,439,300 over 13-14).

Governor’s GF budget for CPP includes:

• $72,800 for faculty equity salary adjustment. This is ⅓ of the total. Remainder will come out of campus GF budget.

• $404,000 to reduce bottleneck courses.

• Does NOT include $1.9M for 2013-14 compensation. To be included in next iteration of Budget Allocation Memo.

• CO holds $88.9M for “compensation, student success, and completion, financing maintenance and infrastructure.”

Additional Notes:

• Funding formula for employer paid retirement changes after 2013-14. State funding of CSU GF employer-paid retirement will still be adjusted based on CalPERS rates, but:

“... the salary base used for the rate will be fixed based on the actual 2013/14 pensionable payroll.”

Cautionary Note:

• Mid-May: May Revise

• Early June: State Budget Finalized.

• End of June: CO Budget Memo to Campuses.

Next Steps