2013-15 Biennium Budget 2013-15 Operating & Capital Budget - - PowerPoint PPT Presentation

2013-15 Biennium Budget

2013-15 Operating & Capital Budget

Board of Trustees Meeting - July 9, 2013

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State Budget Biennial Overview

Eastern’s State Funding Senate Proposal House Proposal Conference Budget

Current State Funding, 2011-13 Biennium $68,089,000 $68,089,000 $68,089,000 Increase in Maintenance Level 5,165,000 5,165,000 4,733,000 New Institutional Funding 1,610,000 5,509,000 Maintenance and Operations for Patterson Hall 262,000 432,000 Administrative Efficiencies (346,000) Performance Funding 260,000 Improve Graduation Rates 384,000 New Funding Level, 2013-15 Biennium $75,040,000 $73,638,000 $78,763,000

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GF-State Funding per FTE Student

$5,635 $5,779 $6,447 $6,119 $5,693 $4,937 $3,926 $3,870 $4,518 $4,500

$3,500 $3,750 $4,000 $4,250 $4,500 $4,750 $5,000 $5,250 $5,500 $5,750 $6,000 $6,250 $6,500 $6,750 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Source: Data based on GFS allocations and OFM budgeted state enrollments. 2014 & 2015 projections based on estimated maintenance level budget and enrollment at 8,734 3

Tuition & Fees

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2013-15 Tuition, Fees, and Student Impact

• Tuition Rate Increases

– FY2014 tuition rates legislatively set at 0% increase for

resident undergraduates and EWU retains the ability to increase rates for all other categories

– For the second year of the biennium, there are no

tuition restrictions.

• Mandatory Fees
• Housing and Dining Rates
• Resident Undergraduate Cost of Education

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FY2014 and FY2015 Tuition & Fee Increases

FY2014 FY2015

Tuition - Resident Undergraduate 0% 6% Tuition - Resident Graduate 7% 6% Tuition - Nonresident Undergraduate 7% 6% Tuition - Nonresident Graduate 7% 6% Service & Activity Fees 0% TBD Housing & Dining Rates 7.2% 6.9% Mandatory Fee – Comprehensive Health and Wellness 4.65% 4.72% Differential Tuition – Communication Disorders $400 per semester $400 per semester

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Category Current Quarterly Tuition Rates 0% RU, 7% Other increase - Quarterly Rate Annual Rate

Resident Undergraduate $2,457 $2,457 $0 $7,372 Resident Graduate $3,233 $3,445 $10,335 Nonresident Undergraduate $6,039 $6,447 $19,341 Nonresident Graduate $7,484 $7,994 $23,982

Student Impact 2014 Tuition Rates - 0% RU, 7% Other

$212 $408 $510

$

$510

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Category Current Quarterly Tuition Rates 6% increase Quarterly Rate Annual Rate

Resident Undergraduate $2,457 $2,604 $7,812 Resident Graduate $3,445 $3,652 $10,956 Nonresident Undergraduate $6,447 $6,834 $20,502 Nonresident Graduate $7,994 $8,474 $25,422

Student Impact 2015 Tuition Rates - 6%

$147 $207 $387

$

$480

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Actual rates may be lower based on FY2015 S&A Fee rate

FY2014 & FY2015 Mandatory Fees

Quarterly

Category FY2013 Fees FY2014 Fees FY2015 Fees Technology Fee $35.00 $35.00 $35.00 Transportation Fee 6.50 12.00 15.00 Recreation Center Fee 65.00 65.00 65.00 Comprehensive Health & Wellness Fee 80.60 84.34 88.33 Total Fees $187.10 $196.34 $203.33

All categories of students pay the same level of mandatory fees.

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FY2013 Average Quarterly Rate FY2014 Average Quarterly Rate FY 2014 Annual Rate FY2015 Average Quarterly Rate FY2015 Annual Rate

Double Room/Gold Meal Plan $2,803 $3,005 $9,015 $3,211 $9,633 Single Room/Gold Meal Plan $3,103 $3,305 $9,915 $3,511 $10,533

Housing and Dining Rates

$202 $202 $206

* Average increase over prior year 7.2% 6.9% $ $ The rates were approved as part of the bond issuance process for the new residence hall project.

$206

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Resident Undergraduate Cost of Education

Cost of Education

FY2013 FY2014 FY2015 Tuition $7,372 $7,372 $7,812 Mandatory Fees 561 589 610 Course Fees 150 150 150 Books & Supplies 1,050 1,050 1,050 Educational Cost $9,133 $9,161 $9,622

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Operating Budget

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FY2014 FY2015 2013-15

Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 40,943,509 44,345,821 85,289,330 Service Funds 3,612,519 3,637,960 7,250,479 Total Education and General $152,536,524 $160,589,277 $313,125,801 Auxiliary Enterprises 40,770,758 42,115,635 82,886,393 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000

2013-15 Operating Revenues $244,942,282 $255,189,912 $500,132,194

2013-15 University Operating Budget

Revenues- All Funds

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FY2014 FY2015 2013-15

Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 42,696,252 43,440,484 86,136,736 Service Funds 3,669,017 3,668,534 7,337,551 Total Education and General $154,345,765 $159,714,514 $314,060,279 Auxiliary Enterprises 39,464,348 40,166,588 79,630,936 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000

2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215 2013 Estimated Additional Revenue $1,500,000

2013-15 University Operating Budget

Expenditures- All Funds

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2013-15 Operating (Tuition) Fee Assumptions

FY2014 FY2015

Budgeted FTES – state supported 10,270 10,427 Enrollment Growth from prior year 1.5% 1.5% Tuition Increase-Resident Undergraduate 0% 6% Tuition Increase-Nonresident Undergraduate 7% 6% Tuition Increase-Graduate 7% 6% EWU Financial Aid 4% 5%

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2013-15 Operating (Tuition) Fee Revenue

FY2014 FY2015 2013-15 Gross Operating (Tuition) Fee Revenue $80,308,777 $86,059,093 $166,367,870 Less: Tuition Waivers (12,318,608) (12,318,608) (24,637,216) EWU Grant (2,690,967) (3,651,224) (6,342,191) Uncollectible Allowance (716,000) (716,000) (1,432,000) Plus: Interest Income 275,000 275,000 550,000 Net Operating (Tuition) Fee Revenue $64,858,000 $69,648,000 $134,506,000

Additional Tuition Revenue

$3,418,000 $4,790,000 $8,208,000

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Total State Funding and Operating (Tuition) Fees

(Ledger 1)

FY2014 FY2015 2013-15 Total

General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust Fund 7,790,000 7,680,000 15,470,000 Operating (Tuition) Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992

Total $107,980,496 $112,605,496 $220,585,992

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Use of New Revenue

• In support of Strategic Plan
• Major investment is in relation to student success,

including emerging enrollment needs

• New Faculty Positions – $1,716,000
• Restoring the classified staff – $531,000 (9 FTE)
• Infrastructure: fixed costs and maintenance of campus

facilities – $47,000

• Investment in Information Technology – $333,000
• Investment in visibility – $155,000
• Capital investment due to declining capital budget
• Employee compensation

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Local Dedicated Fund by Executive Level

(Ledger 2)

FY2014 FY2015

Revenue Expenditure Net Transfers Change in Fund Balance Revenue Expenditure Net Transfers Change in Fund Balance President

$0 $30,000 $72,530 $42,530 $0 $30,000 $75,950 $45,950

Academic Affairs

28,925,661 29,271,970 (517,530) (863,839) 31,882,702 29,973,156 (420,950) 1,488,596

Business & Finance

6,719,232 7,677,191 (163,300) (1,121,259) 7,028,118 7,905,527 (163,300) (1,040,709)

Student Affairs

4,118,200 4,463,326 (345,126) 4,230,300 4,475,826 (245,526)

Advancement

6,900 6,900 6,900 6,900

OIT

1,173,516 1,246,865 (73,349) 1,197,801 1,049,075 148,726

University Total $40,943,509 $42,696,252 ($608,300) ($2,361,043) $44,345,821 $43,440,484 ($508,300) $397,037

• The dedicated local fund provides educational programs which support the mission of the university but that are not

directly funded by the Washington State Legislature.

• Programs in this fund include Running Start, Summer Session, International Field Studies, Study Abroad, course fees

and other continuing education courses.

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Student Technology Fee

Student Technology Fee- fund within Ledger 2 group

FY2013 Projected FY2014 Budget FY2015 Budget

Revenues $1,116,000 $1,120,000 $1,145,000 Expenses $1,218,000 $1,297,000 TBD

• Student Technology Fee is $35 per quarter
• All students taking 6 or more credits are assessed the full student technology fee
• Allocation of resources is recommended by the Student Technology Fee Committee
• Fee funds general and open access student computing labs replacement and renewal of

equipment and operations, key technology services such as student email and other web services.

• Annual replacement of 250-350 computers along with software, printers, storage, servers
• Software renewal
• Investment in the storage area network
• New investments in library technology, digital signage, universal access software, and recording

studio

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FY2013-15 Service Funds Budgets

(Ledger 3) FY2014 FY2015

Revenue/ Recharges Expenditures/ Deductions Change in Fund Balance Revenue/ Recharges Expenditures/ Deductions Change in Fund Balance Printing $480,710 $515,846 ($35,136) $480,709 $515,846 ($35,137) Workforce Construction 1,540,000 1,694,490 (154,490) 1,575,000 1,697,490 (122,490) Telecommunications 1,136,809 1,003,681 133,128 1,127,251 1,000,198 127,053 Motor Pool 455,000 455,000 455,000 455,000 Service Funds Total $3,612,519 $3,669,017 ($56,498) $3,637,960 $3,668,534 ($30,574)

• Service funds provide goods and services to other university units.
• The funds finance their own asset renewal and replacement
• Budget gaps may be mitigated with cash reserves

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FY 2013-15 Auxiliary Funds Budgets

(Ledger 3) FY2014 FY2015

Revenue/ Additions Expenditures/ Deductions Change in Fund Balance Revenue/ Additions Expenditures /Deductions Change in Fund Balance

Housing & Dining $19,997,146 $18,140,520 $1,856,626 $21,076,595 $18,879,426 $2,197,169 S&A Fee Fund (net of Housing debt

and financial aid)

8,629,048 9,202,964 (573,916) 8,883,126 9,216,501 (333,375) Recreation Center Fees 213,000 218,800 (5,800) 213,000 218,800 (5,800) Intercollegiate Athletics 5,019,800 4,984,075 35,725 4,685,300 4,649,575 35,725 Bookstore 5,191,000 5,142,638 48,362 5,446,850 5,327,591 119,259 Pence Union Building 967,764 1,022,130 (54,366) 967,764 1,041,474 (73,710) Parking 753,000 753,221 (221) 843,000 833,221 9,779

Auxiliary Funds Total $40,770,758 $39,464,348 $1,306,410 $42,115,635 $40,166,588 $1,949,047

These funds finance their own asset renewal and replacement

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Student Service and Activity Fee Fund

Sources

FY2014 FY2015

allocations considered by SA Fee Committee in Spring 2014

S&A Fees (part of tuition) $6,624,796 $6,738,867 Recreation Center Fee 2,200,000 2,200,000 Transportation Fee 465,000 609,000 Clubs (use of activity generated revenue) 205,900 205,900

Total Revenues $9,495,696 $9,753,767

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Student Service and Activity Fee

Uses: As Recommended by Student Service and Activity Fee Committee

FY2014 FY2015

allocations to be considered by SA Fee Committee in Spring 2014

Debt Payments $2,928,718 $2,930,218 S&A Fee Allocation 2,841,939 2,795,972 PUB renewal and replacement 150,000 150,000 Transportation Contract 465,000 609,000 Transfer to Athletics 2,256,000 2,256,000 Financial Aid, Admin Cost 477,055 486,552 Clubs (use of activity generated revenue and reserve) 205,900 205,900 URC equipment replacement and facility improvements 745,000 653,500

Total Uses $10,069,612 $10,087,142

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Scholarships and Fellowships

FY2013 Projected FY2014 Budget FY2015 Budget

Federal Financial Aid Grants (includes Pell grant and the Supplemental Educational Opportunity Grant – SEOG) $19,450,000 $20,000,000 $20,000,000 State Financial Aid Grants (includes State Need Grant) 15,619,000 16,500,000 17,000,000 EWU Financial Aid Grants (includes EWU grant, endowed scholarships and license plate) 2,916,000 3,200,000 3,500,000 Private Financial Aid Grants (foundation endowed scholarships) 750,000 800,000 850,000 Total $38,735,000 $40,500,000 $41,350,000

• Scholarships and Fellowships include funds for student aid programs, some federal and state

aid programs and privately endowed scholarships.

• Funding levels assumed to remain relatively flat year-to-year.
• Total increases driven by assumed enrollment growth rates.

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Sponsored Programs (Grants & Contracts)

(Ledger 5)

FY2013 Projected FY2014 Budget FY2015 Budget

Federal Research $4,327,000 $3,980,000 $3,980,000 State Research 2,292,000 3,010,000 3,010,000 Local Research 1,958,000 2,015,000 2,015,000 Private Research 2,269,000 2,130,000 2,130,000

Total $10,846,000 $11,135,000 $11,135,000

Funding and contracts are dependent on state and federal agency funding levels as well as the ability of local governmental and private agencies need for contracted services..

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2013-15 University Operating Budget

Expenditures- All Funds

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FY2014 FY2015 2013-15

Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 42,696,252 43,440,484 86,136,736 Service Funds 3,669,017 3,668,534 7,337,551 Total Education and General $154,345,765 $159,714,514 $314,060,279 Auxiliary Enterprises 39,464,348 40,166,588 79,630,936 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000

2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215 2013 Estimated Additional Revenue $1,500,000

Reappropriations New Appropriations Local Capital

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Capital Budget

2013-15 Capital Budget

2013-15 Biennium

State Capital Reappropriation $20,859,000 New Appropriation 18,345,000 Total State Capital $39,204,000 Local Capital 4,396,730

2013-15 Capital Budget $43,600,730

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Capital Budget – Reappropriations

Reappropriations 2013-15

Patterson Hall Phase 2 $13,885,000 Minor Works Preservation - 057 1,320,000 Minor Works Preservation - 061 5,654,000

Total Reappropriations $20,859,000

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Capital Budget – New Appropriations

New Appropriations 2013-15

Upgrade/Repair Water System – 057 $5,508,000 Upgrade/Repair Water System – 061 $1,770,000 University Science Center, Science 2 350,000 Minor Works Preservation – 057 1,434,000 Minor Works Preservation – 061 7,066,000 Preventive Maintenance and Bldg System Repairs

(operating to capital shift)

2,217,000

Total New Appropriations $18,345,000

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2013-15 Capital Budget – Local Capital

Local Capital 2013-15 FY2014 FY2015 2013-15

PUB Remodeling $117,868 $75,000 $192,868 Housing Renewal and Replacement 600,000 750,000 1,350,000 Dining Renewal and Replacement 150,000 275,000 425,000 H&D 2012 Bond Proceeds (balance) 960,362 960,362 EWU Recreation Center 745,000 653,500 1,398,500 Parking Lot Repair and Maintenance 70,000 70,000

Total $2,573,230 $1,823,500 $4,396,730

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Board Action for 2013-15 Operating & Capital Budget

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2013-15 University Operating Budget

For action by the Board of Trustees:

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FY2014 FY2015 2013-15

Education and General General Fund State $31,674,000 $31,619,000 $63,293,000 Education Legacy Trust 7,790,000 7,680,000 15,470,000 Tuition Operating Fees 64,858,000 69,648,000 134,506,000 Recharges 3,658,496 3,658,496 7,316,992 Dedicated local Funds 42,696,252 43,440,484 86,136,736 Service Funds 3,669,017 3,668,534 7,337,551 Total Education and General $154,345,765 $159,714,514 $314,060,279 Auxiliary Enterprises 39,464,348 40,166,588 79,630,936 Scholarships & Fellowships 40,500,000 41,350,000 81,850,000 Sponsored programs 11,135,000 11,135,000 22,270,000

2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215 2013 Estimated Additional Revenue $1,500,000

2013-15 Tuition & Fee Increases

For action by the Board of Trustees:

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FY2014 FY2015

Tuition - Resident Undergraduate 0% 6% Tuition - Resident Graduate 7% 6% Tuition - Nonresident Undergraduate 7% 6% Tuition - Nonresident Graduate 7% 6% Service & Activity Fees 0% TBD Housing & Dining Rates 7.2% 6.9% Mandatory Fee – Comprehensive Health and Wellness 4.65% 4.72% Differential Tuition – Communication Disorders $400 per semester $400 per semester

2013-15 Capital Budget

For action by the Board of Trustees:

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2013-15 Biennium

State Capital Reappropriation $20,859,000 New Appropriation 18,345,000 Total State Capital $39,204,000 Local Capital 4,396,730

2013-15 Capital Budget $43,600,730

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