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FY15 Student Tuition ConsultationSFMC – February 26, 2014

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0%

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Up Front Summary

• Tuition Increase of $0 or 0% for FY15 approved by Legislature in 2013 session

• State budget has turned around and is now in surplus

• MnSCU making supplemental budget request to offset salary increases in FY14 and 15

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WSU Total Budget Composition – FY14

• General Fund $82M, 65%– (Tuition $57M, State Appropriation $25M)

• Residence Halls $20M, 15%• Laptop Program $7M, 6%• Auxiliary Enterprises $5.5M, 5%• Student Fees $4.5M, 4%• Student Union $2M, 2%• Miscellaneous $3M, 2%• Grants and Contracts $2M, 2%• TOTAL $125 Million

General Fund65%

Residence Hall15%

Laptop Program6%

Auxiliary En-terprises

4%

Student Fees4%

Student Union2%

Misc2%Grants

2%

Innovation Fund = $400,000 or about ½ of 1% of the Total University Budget

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General Fund Budget by Nature – FY14

• Employee Salaries 60%• Fringe Benefits 18%• Student Employment 2%• Equipment 2%• Operating (Supplies & Expenses) 14%• Repair and Replacement 1%• Fuel and Utilities 2%• Debt Service 1%

Employee Salaries60%

Fringe Benefits18%

Student Employment

2%

Equipment2%

Operating (Supplies and

Expenses)14%

Repair and Replacement

1% Fuel and Utilities2%

Debt Service1%

80% of the General Fund Budget is Invested in People

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FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY1325%

35%

45%

55%

65%

75%

34%

69%66%

31%

Tuition State Appropriation

Era of double digit tuition increases. FY03-12%, FY04-15%, FY05-15%

Era of inverted budget reductions. Support units took 2x their share, Academic

units took 1/2 their share.

Era of selective investment and development.

Era of shared responsibility. All units take a pro-

portional share of the reduc-tions. Tuition held to reason-

able levels.

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FY2014/15 Budget Planning Factors State of Minnesota

• State budget surplus for FY14/15 is $1.086 billion or $825 million– $246 million must be repaid to the K-12 school shifts

• Governor has not issued any supplemental budget recommendations– “It’s a bonding year”

• Next economic forecast is due out 1st week of March• MnSCU has asked for a $31 million supplemental appropriation

and a language change that would free up an additional $17 million from FY14 to pay for salary settlements

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FY2015 Budget Planning Factors - WSU

• FY15 Budget Scenario Calculator on Fiscal Affairs / Budget ToolKit page http://www.winona.edu/fiscalaffairs/budget_101.asp

• University is estimating a $1.5 million budget deficit for FY15• Offered BESI to all employees, currently reviewing options for replacements

• Increases in employee wages and health insurance continue to be the largest cost drivers at the University• 2.6% available vs. 3.9% awarded to certain unions created funding gap

• Uncertain enrollment for FY15 and beyond• FY13 8,497 FYE• FY14 8,307 FYE• FY15: Changing demographics makes future enrollment projections challenging

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Tuition Costs at Selected Institutions – FY14

MN State U - Mankato

Winona State University

Bemidji State University

UW - La Crosse UW - Madison U of M - Twin Cities

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$6,668 $6,866 $7,146$8,769

$9,930

$12,060

Annual Undergraduate Tuition – Full Time Student

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History – Tuition and Budget Reductions

• Budget Reductions• FY02 - $1.0M• FY04 - $1.2M • FY10 - $1.8M• FY12 - $2.5M

• Tuition Increases • FY03 – 12% • FY04 – 15% • FY05 – 15%• FY06 – 7%• FY07 – 9%• FY08 – 4%• FY09 – 5%• FY10 – 5% (with assistance from Federal stimulus of 2%)• FY11 – 5% (with assistance from Federal stimulus of 2%)• FY12 – 5%• FY13 – 3% (lowest increase of State U’s within MnSCU)• FY14 – 0%

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY150%

5%

10%

15%

20%

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FY2015 WSU Tuition Proposal

• Tuition increase of 0%

MN Undergraduate

FY14Board Approved

FY15Amount of Increase

FY14 est. (Proposed)

Per Credit $227.00 $0 $227.00Banded

(Semester) $3,433.00 $0 $3,433.00

Banded (Annual) $6,866.00 $0 $6,866.00

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Resources

• Most current information on budget at• President’s page:• www.winona.edu/president/index.asp

• Fiscal Affairs page:• www.winona.edu/fiscalaffairs

• MnSCU Finance page:• www.finance.mnscu.edu

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Questions