Professional Documents
Culture Documents
Academic Senate
May 23, 2013
Stephen G. Garcia
Interim Vice President of Administration & Finance/CFO
Brian K. Jenkins
Associate Vice President of Finance
Report Preparation
Paulette Blumberg, Interim Associate Vice President of Administration
and Finance
Frank Mumford, Executive Director/Chief Executive Officer of ASC
Sarah Song, Director of Budget Planning and Administration
May Wong, Executive Assistant to the Associate Vice President
of Finance
Contents
Proposition 30 Budget Relief
FY 2012-13 University Revenue Sources
FY 2013-14 Budget Update Summary
State Allocation Funding Changes
Draft CSUF State Operating Fund Budget 2012-13 Summary
Draft CSUF State Operating Fund Budget 2013-14 Summary
FY 2013-14 Operating Fund Revenue Budget
7 Year State Operating Fund Budget Summary
7 Year Operating Fund Revenue Budget Summary
Operating Fund Revenue Budget Change
FY 2013-14 State Allocation per FTE Comparison
3
FY 2012-2013 Impact
November 2012
April 2013
Estimate
Estimate
19,856,250
(11,293,796)
4,350,000
19,856,250
(11,293,796)
4,350,000
12,912,454
12,912,454
19,856,250
(10,742,863)
9,925,000
4,900,000
19,856,250
(11,687,500)
11,687,500
0
23,938,387
19,856,250
FY 2013-2014 Impact
Modification to the Schedule of Fees, including Graduation Incentive Fee, Third-tier Tuition Fee, and Course Repeat Fee
was placed on hold and will be reviewed later after the Trustees gather additional information and input from stakeholders.
316,414,338
2012-13
$
314,723,027
1,944,000
1,944,000
20,000,000
22,000,000
220,000
220,000
HOUSING FUND
18,500,000
22,000,000
PARKING FUND
10,871,733
10,686,460
1,157,480
1,086,324
7,940,320
8,555,440
32,063,073
31,402,850
607,000
577,000
7,203,858
7,541,908
HOUSING AUTHORITY
1,063,344
1,123,437
AUXILIARY FUNDS
CUSF AUXILIARY SERVICES CORPORATION
CSUF PHILANTHROPIC FOUNDATION (2)
TOTAL (3)
417,985,146
421,860,446
CSUF
$2,010,652,000
$108,382,561
51,449,000
3,595,100
(766,000)
(59,300)
1,775,500
125,000,000
11,687,500
19,521,000
N/A - Systemwide
(473,000)
N/A - Systemwide
198,063,000
N/A - Systemwide
36,226,000
5,200,000
6,756,000
21,700,000
38,000,000
7,200,000
10,000,000
35,000
2,608,000
347,000
315,000
1,413,000
TBD - Collective
Bargaining Process
TBD - RFP Process
TBD - RFP Process
0
$2,528,563,000
$130,064,361
ONE-TIME
TOTAL
1,844,258
1,844,258
(7,460,700)
(7,460,700)
3,595,100
104,500
4,162,485
(328,476)
4,350,000
775,000
Revenues
FY 2011/12 CSU State Allocation - Budget Cut
FY 2012/13 CSU State Allocation - CalPERS Retirement Adjustment
FY 2012/13 CSU State Allocation - Fees to Trust Interest Adjusment
Tuition Fees (FTES & Student Mix Changes)
NRT Fees (FTE Changes)
CERF Fund Transfer
SUG Allocation (Baseline Needs) Returned to Campus
3,595,100
104,500
(4,361,297)
(434,868)
8,523,782
106,392
4,350,000
775,000
16,575,274
5,197,909
10
ONE-TIME
TOTAL
Expenditures
Ma nda tory Sys te mwi de Cos t I ncre a s e s (He a l th)
Ma nda tory Sys te mwi de Cos t I ncre a s e s (Ene rgy)
Ca l PERS Re ti re me nt Adjus tme nt
SUG Expe ndi ture s
(1,058,000)
(306,000)
(3,595,100)
(775,000)
(2,139,000)
Total
(3,595,100)
(1,058,000)
(306,000)
(3,595,100)
(775,000)
(5,734,100)
241,817
(3,771,288)
191,760
(594,035)
(352,218)
(362,451)
(4,043,705)
(3,338,841)
(11,324,525)
(3,529,471)
191,760
(594,035)
(362,451)
(4,043,705)
(3,338,841)
(11,676,743)
PRBC Recommendations
Ne w Fa cul ty Se a rche s
SFR Budge t Re s tora ti on Pl a n
(350,000)
(2,000,000)
(2,350,000)
(1,600,000)
(1,600,000)
(1,950,000)
(2,000,000)
(3,950,000)
Other
Uni ve rs i ty I ni ti a ti ve s
Cos t Al l oca ti on Ove rhe a d Re cove ry
Chi l d Ca re Subs i dy
(1,000,000)
(73,000)
(1,073,000)
(1,000,000)
1,100,000
(73,000)
27,000
1,100,000
Total Other
1,100,000
(3,741,218)
(17,592,625)
(21,333,843)
Total Surplus/(Shortfall)
(13,274,325)
(1,017,351)
(14,291,676)
15,918,396
9,000,000
(12,912,454)
1,000,000
600,000
15,918,396
9,685,734
(12,912,454)
12,005,942
14,291,676
10,988,591
1,000,000
600,000
685,734
Revised Surplus/(Shortfall)
2,285,734
(10,988,591)
11
ONE-TIME
TOTAL
(10,988,591)
(10,988,591)
3,595,100
11,687,500
1,413,000
(59,300)
2,608,000
347,000
315,000
3,952,693
1,772,208
(424,000)
2,199,500
3,595,100
11,687,500
1,413,000
(59,300)
2,608,000
347,000
315,000
12,857,735
1,772,208
(424,000)
2,199,500
Revenues
FY 2012/13 CSU State Allocation - CalPERS Retirement Adjustment
FY 2013/14 CSU State Allocation - Prop 30 Fee Roll Back Buyout
FY 2013/14 CSU State Allocation - Enrollment Growth
FY 2013/14 CSU State Allocation - Fees to Trust Interest Adjusment
FY 2013/14 CSU State Allocation - Mandatory Systemwide Cost Increases (Health)
FY 2013/14 CSU State Allocation - Mandatory Systemwide Cost Increases (Energy)
FY 2013/14 CSU State Allocation - Mandatory Systemwide Cost Increases (New Space)
Tuition Fees (FTES & Student Mix Changes)
NRT Fees (FTE Changes)
SUG Adjustment (Financial Aid) Paid to CO
SUG Allocation (Baseline Needs) Returned to Campus
27,406,701
8,905,042
8,905,042
36,311,743
12
ONE-TIME
TOTAL
Expenditures
Ma nda tory Sys te mwi de Cos t I ncre a s e s (He a l th)
Ma nda tory Sys te mwi de Cos t I ncre a s e s (Ene rgy)
Ma nda tory Sys te mwi de Cos t I ncre a s e s (Ne w Spa ce )
Ca l PERS Re ti re me nt Adjus tme nt
SUG Expe ndi ture s
(2,608,000)
(347,000)
(315,000)
(3,595,100)
(2,199,500)
(9,064,600)
Total
(2,608,000)
(347,000)
(315,000)
(3,595,100)
(2,199,500)
(9,064,600)
(974,946)
(4,287,175)
140,027
(300,000)
(1,274,946)
Budget Priorities
(362,451)
(3,886,140)
(2,222,734)
(10,618,473)
(5,262,121)
140,027
(300,000)
(362,451)
(3,886,140)
(2,222,734)
(11,893,419)
TBD
TBD
TBD
(73,000)
(73,000)
1,300,000
(73,000)
1,227,000
Other
Bond Re fi na nci ng a nd Le a s e Pa yme nts
Chi l d Ca re Subs i dy
1,300,000
Total Other
1,300,000
(9,039,546)
(10,691,473)
(19,731,019)
Total Surplus/(Shortfall)
7,378,564
(1,786,431)
5,592,133
13
BASELINE
STATE ALLOCATION
BUDGETED REVENUES
Tuition Fee
Non-Resident Fee
Application Fee
Trust Fund Interest Earnings
Health Fee - Student Affairs
ONE-TIME
130,064,361
181,735,544
9,894,084
1,952,665
290,400
3,550,000
Other Receipts
Academic Affairs
Administration and Finance
Information Technology
Student Affairs
University Wide
8,905,042
TOTAL
$
130,064,361
190,640,586
9,894,084
1,952,665
290,400
3,550,000
2,817,500
432,000
903,000
800,000
1,060,000
2,817,500
432,000
903,000
800,000
1,060,000
Total Revenue
203,435,193
8,905,042
212,340,235
333,499,554
8,905,042
342,404,596
14
07-08
08-09
09-10
10-11
11-12
12-13
13-14
STATE ALLOCATION
179,133,570
179,775,337
131,357,037
160,655,682
108,625,261
108,382,561
130,064,361
REVENUES
Tuition Fee
Non-Resident Fee
Health Fee
Application Fee
Trust Fund Interest Earnings
Other Receipts
Total Revenues
96,872,700
8,360,757
2,200,000
1,943,065
1,800,000
5,551,748
116,728,270
106,834,312
8,360,757
2,200,000
1,943,065
2,400,000
5,394,420
127,132,554
135,897,450
9,424,620
2,200,000
1,943,065
1,700,000
5,859,420
157,024,555
145,000,307
8,543,352
2,200,000
1,639,365
603,700
5,184,420
163,171,144
182,144,148
8,556,744
2,200,000
1,952,665
290,400
5,184,420
200,328,377
186,306,633
8,228,268
3,550,000
1,952,665
290,400
6,012,500
206,340,466
190,640,586
9,894,084
3,550,000
1,952,665
290,400
6,012,500
212,340,235
295,861,840
306,907,891
288,381,592
323,826,826
308,953,638
314,723,027
342,404,596
21,418,692
4,000,000
10,546,726
14,035,734
317,280,532
310,907,891
288,381,592
323,826,826
319,500,364
328,758,761
3,475,153
127,271,004
19,643,858
3,141,759
119,210,118
19,995,710
2,717,300
105,512,980
18,613,614
3,017,428
128,084,224
20,526,659
2,761,234
119,641,989
19,135,502
1,859,582
116,451,972
17,828,953
10,549,415
16,460,260
5,089,216
134,791,626
317,280,532
10,304,317
15,216,528
4,657,576
138,381,883
310,907,891
9,407,163
13,453,548
4,594,945
134,082,042
288,381,592
12,595,562
16,037,279
5,696,778
137,868,895
323,826,826
11,619,726
14,796,374
5,268,348
146,277,191
319,500,364
11,081,413
15,021,422
5,406,599
161,108,820
328,758,761
University Reserves/Carryforward
Total Sources of Revenue
EXPENDITURES BY DIVISION
President
Academic Affairs
Administration and Finance
Human Resources
Information Technology
Student Affairs
University Advancement
All University
Total Expenditures
342,404,596
342,404,596
15
16
17
23
22
21
18
19
20
17
16
15
10
8
12
9
11
14
13
4
3
6
7
5
1
1
Ca mpus
Genera l Fund
Al l oca ti on
2013/14
Res i dent
FTES
Genera l Fund
Al l oca ti on per
Res i dent FTES
Maritime Academy
Channel Islands
Monterey Bay
Humboldt
Bakersfield
Stanislaus
San Marcos
Sonoma
Dominguez Hills
Los Angeles
Fresno
Chico
Pomona
San Luis Obispo
East Bay
San Bernardino
Northridge
San Diego
Sacramento
San Jose
San Francisco
Long Beach
Fullerton
$23,184,576
$48,496,910
$52,092,783
$60,415,210
$51,343,309
$49,835,547
$55,597,552
$49,467,083
$61,880,052
$103,544,039
$108,604,732
$85,954,532
$103,516,842
$95,997,068
$67,147,261
$78,595,208
$141,659,296
$143,411,096
$116,988,137
$111,094,782
$120,275,359
$141,554,836
$130,064,361
1,106
3,367
4,617
7,151
7,056
6,877
7,741
7,540
9,628
16,546
17,778
14,363
17,356
16,192
11,436
14,016
25,573
26,225
21,885
21,298
23,074
27,198
27,198
$20,963
$14,404
$11,283
$8,448
$7,277
$7,247
$7,182
$6,561
$6,427
$6,258
$6,109
$5,984
$5,964
$5,929
$5,872
$5,608
$5,539
$5,468
$5,346
$5,216
$5,213
$5,205
$4,782
Campus Total
$2,000,720,571
335,221
5,968
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
(757)
(686)
(563)
(434)
(430)
(422)
Dol l a r
Impa ct
(20,596,474)
(18,667,574)
(15,324,871)
(11,806,044)
(11,707,729)
(11,490,475)
18
19