FY11/12 SUNY Oneonta State Purposes Budget Update

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%)


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


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









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%


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.


QUESTIONS?


Documents

FY11/12 SUNY Oneonta State Purposes Budget Update