2009-2010 Budget Summary2009-2010 Budget Summary

Town Hall ReportTown Hall Report

September 22 & 23, 2009September 22 & 23, 2009

Summary

Budget Summary

• State reduced our operating budget by 4.2%

• Provided one-time monies of equal amount

• Tuition revenues increased due to rate increase of 5% and projected budget enrollment increase of 2%

• Allocation of recurring money to recurring needs

Budget Summary

2009-2010 State Budget

Recurring

Reduction ($ 1,393,681) 4.94%

Incentives (40%) 209,263 .74%

Net Reductions ($ 1,184,418) 4.20%

Overall Higher Education net reduction was 3.81%.

Overall Four-year net reduction was 4.54%

Non-Recurring

ARRA Funding $ 1,184,418

Budget Summary

2009-2010 State Budget

No capital projects for PUC

R&R Funding

Recurring ($ 137,254) 24.86%

Non-Recurring (ARRA) $ 276,043 50.00%

Net $ 138,789 25.14%

Budget Summary

2010-2011 State Budget

Recurring

Reduction (from 2009-10) ($ 414,527) 1.53%

Incentives (40%) 137,042 .51%

Net Reductions ($ 277,485) 1.03%

Overall Higher Education net reduction was 0.27%.

Overall Four-year net reduction was 1.38%

Non-Recurring

ARRA Funding $ 277,485 ($ 1,461,903 total)

Budget Summary

2010-2011 State Budget

No capital projects for PUC

R&R Funding

No change from 2009-2010

Retains $ 276,047 in ARRA non-recurring funding

Budget Summary

2009-2010 University Budget Recurring Operating

Revenue

State Appropriations Operating ($ 1,184,418)

State Appropriations Debt Service ($ 122,797)

Tuition and Fees $ 3,492,720

Other $ 185,351

Reallocations $ 1,245,800

Total $ 3,616,656

Budget Summary

2009-2010 University Budget Recurring Operating

Revenue

Tuition Breakdown: 5% Resident Increase/6% Non-Resident

Enrollment Change $ 1,074,239

Budget is based on a 2.04% credit hour increase from prior budget, but budget number is 1.11% below 2008-2009 actual.

Rate Increase $ 2,204,000

Technology Fee $ 107,481

R&R Fee $ 107,000

Budget Summary

2009-2010 University Budget Recurring Operating

Tuition and Fees:

Per Hour Fees Resident Non-Resident

New Student-Undergraduate $ 192.70 $ 452.95

New Student-Graduate $ 243.70 $ 527.85

Students continuously enrolled since fall 2006 $ 3.10 less

Technology Fee $ 7.65

Student Service Fee (level with assessment change) $ 5.15

Parking Fee (level with assessment change) $ 4.75

Lab Fee (for applicable courses) $ 56.30

Budget Summary

Student Financial Aid

•Budgeted Scholarships and Grants $ 19,410.000

•Fee Remissions 242,000

•Loans 37,495,000

•Employment Related 5,553,000

•Total $ 62,700,000

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations: Salaries, Wages and Benefits

Salary Pool $ 0

Faculty Promotions 60,000

Employee Benefits 360,802

Student Minimum Wage 40,000

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations: Instructional Support

Continuing Lecturers $ 250,000

Academic Advising Support 80,000

Library Electronic Resources (offset) 100,000

Instructional Lab Support

From Lab Fee Increase 108,200

Additional Allocation 100,000

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations: Positions

Counselor, Counseling Center $ 50,000

Registered Nurse, Student Health Center 40,000

Campus Police Officer 46,074

Information Access Specialist 55,000

Benefits and S&E 80,426

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations:

Strategic Reserve $ 1,000,000

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations: Other

Repair &Rehabilitation

Student Fees 107,000 Additional Allocation 260,104

Athletic Expansion (year 1) 76,975

Utilities and Insurance 223,500

Fee Remissions 374,000

Budget Summary

2009-2010 University Budget Recurring Operating

Allocations: Other

Technology Reserve (Student Fees) $ 107,481

Debt Service (Offset) ( 122,797)

Miscellaneous 219,891

Total Allocations $ 3,616,656

One-Time Allocations

Allocation of Available Funds

Gyte Learning Commons, Phase 3 $ 700,000

Library Renovation 250,000

Faculty Computer Upgrades 450,000

Classroom Upgrades 300,000

One-Time Allocations

Allocation of Available Funds

Schneider Ave Bldg, Completion $1,535,000

Alumni Hall Ceiling and Foyer 200,000

Fitness Center Equipment 40,000

SLT Special Projects (TBD) 400,000

Questions?Questions?