State support budget plan
Four Year Tuition Plan |
Pro Forma |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year One |
|
|
Year Two |
|
|
Year Three |
|
|
Year Four |
|
|
State Supported |
% |
|
State Supported |
% |
|
State Supported |
% |
|
State Supported |
% |
|
Budget |
Funding |
|
Budget |
Funding |
|
Budget |
Funding |
|
Budget |
Funding |
|
(in millions) |
Guideline |
|
(in millions) |
Guideline |
|
(in millions) |
Guideline |
|
(in millions) |
Guideline |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Planned Enrollment adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning FY FTES Headcount Enrollment |
|
14,500 |
|
|
|
15,000 |
|
|
|
15,000 |
|
|
|
15,350 |
|
Ending FY FTES Headcount Enrollment |
|
15,000 |
|
|
|
15,000 |
|
|
|
15,350 |
|
|
|
15,350 |
|
Enrollment Increase (500 FTES) |
|
500 |
|
|
|
0 |
|
|
|
350 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2003 State Supported Base Budget |
|
$ 200.00 |
72% |
|
|
$ 214.05 |
71% |
|
|
$ 224.40 |
70% |
|
|
$ 234.70 |
69% |
General funds |
|
$ 100.00 |
|
|
|
$ 102.00 |
|
|
|
$ 102.00 |
|
|
|
$ 104.04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 Expenditure Increases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salary Increments |
|
2.50 |
|
|
|
3.00 |
|
|
|
3.20 |
|
|
|
3.40 |
|
Fringe Benefits |
|
0.60 |
|
|
|
0.70 |
|
|
|
0.75 |
|
|
|
0.80 |
|
New Facilities operations |
|
2.50 |
|
|
|
3.00 |
|
|
|
0.00 |
|
|
|
0.00 |
|
Need based Financial Aid** |
|
0.60 |
|
|
|
0.60 |
|
|
|
0.80 |
|
|
|
0.80 |
|
ARB Debt |
|
0.05 |
|
|
|
0.05 |
|
|
|
0.05 |
|
|
|
0.05 |
|
Program Enhancements |
|
2.80 |
|
|
|
3.00 |
|
|
|
3.50 |
|
|
|
8.00 |
|
Other (provide detail) |
|
0.00 |
|
|
|
0.00 |
|
|
|
2.00 |
|
|
|
0.00 |
|
Sub Total Expenditure Increases |
|
$ 9.05 |
|
|
|
$ 10.35 |
|
|
|
$ 10.30 |
|
|
|
$ 13.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses related to Enrollment Increase |
|
5.00 |
|
|
|
0.00 |
|
|
|
3.50 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 Estimated Total Budget |
|
$ 214.05 |
|
|
|
$ 224.40 |
|
|
|
$ 234.70 |
|
|
|
$ 247.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increment needed to balance |
|
$ 14.05 |
|
|
|
$ 10.35 |
|
|
|
$ 10.30 |
|
|
|
$ 13.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Efficiency effort (% of FY 2003 total budget) |
2% |
(4.00) |
|
|
1% |
(2.14) |
|
|
2% |
(4.49) |
|
|
2% |
(4.69) |
|
Estimated State Appropriations Increase*** |
2% |
(2.00) |
|
|
2% |
(2.04) |
|
|
0% |
0.00 |
|
|
2% |
(2.08) |
|
Additional Revenue needed to balance |
|
$ 8.05 |
|
|
|
$ 6.17 |
|
|
|
$ 5.81 |
|
|
|
$ 6.28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tuition and Fee Increases: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average % inc. in tuition revenue* |
6% |
|
|
|
5% |
|
|
|
5% |
|
|
|
5% |
|
|
Resident tuition* |
|
5.00 |
|
|
|
4.75 |
|
|
|
5.00 |
|
|
|
5.25 |
|
Non-Resident tuition* |
|
1.00 |
|
|
|
0.75 |
|
|
|
0.80 |
|
|
|
1.00 |
|
Revenue from Enrollment Increases |
|
3.40 |
|
|
|
|
|
|
|
2.70 |
|
|
|
|
|
Revenue from State Supported Fees* |
|
0.50 |
|
|
|
0.75 |
|
|
|
0.50 |
|
|
|
0.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Planned Tuition & Fee revenue Inc. |
|
$ 9.90 |
|
|
|
$ 6.25 |
|
|
|
$ 9.00 |
|
|
|
$ 6.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfer to (from) reserve |
|
$ 1.85 |
|
|
|
$ 0.08 |
|
|
|
$ 3.19 |
|
|
|
$ 0.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated Guideline Percent |
|
|
71% |
|
|
|
70% |
|
|
|
69% |
|
|
|
72% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*See Tuition and Fee Schedule for individual rate increases.
** Estimate of additional need based financial aid required by tuition increases.
*** Expected increase in General Funds Only