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FY2015 Supplemental Operating Budget. FY2015 Operating Budget Board of Trustees Meeting – June 27 , 2014. Supplemental Budget Impacts. State 2014 supplemental legislative session EWU supplemental budget changes for FY2015 Resident Undergraduate Tuition Changes from original 2013-15 budget. - PowerPoint PPT Presentation
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FY2015 Supplemental Operating Budget
FY2015 Operating BudgetBoard of Trustees Meeting – June 27, 2014
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Supplemental Budget Impacts
• State 2014 supplemental legislative session
• EWU supplemental budget changes for FY2015– Resident Undergraduate Tuition– Changes from original 2013-15 budget
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Supplemental Legislative Session State Funding
• Support for STEM programs $1,000,000
• The legislature did not pass a supplemental capital budget. The original capital budget remains unchanged for FY2015
GF-State Funding per FTE Student
2008 2009 2010 2011 2012 2013 2014 2015$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
$6,000
$6,500$
6,4
47
$6
,11
9
$5
,69
3
$4
,93
7
$3
,92
6
$3
,87
0
$4
,48
5
$4
,46
1
$6
,35
9
$6
,04
8
$5
,07
9
$4
,46
8
$3
,45
5
$3,3
19 $3
,82
4
$3
,80
1
Funding per Budgeted FTE
Funding per Actual FTE
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Source: Data based on GFS allocations and OFM budgeted state enrollments.2015 projections based on original budget. Actual FTE funding based on GFS allocations and Annual Average state
enrollments. 2015 projections based on original budget FTE at 10,250.
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Key Funding Sources State Funds and Student Tuition
2007 2008 2009 2010 2011 2012 2013 2014 2015$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000State Funding Student Tuition
62%
38%
63%
37%
38%
Over last 5 years, the state funding/student tuition balance in operating budget funding sources has shifted completely.
62%
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FY2015 Supplemental Operating Budget
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2013-15 Operating (Tuition) Fee Assumptions
FY2015Original
FY2015Revised
Budgeted FTES – state supported 10,427 10,250
Enrollment Growth from prior year 1.5% 0%
Tuition-Resident Undergraduate 6% 0%
Tuition Increase-Nonresident Undergraduate
6% 6%
Tuition Increase-Graduate 6% 6%
10,272 FY2014 budgeted Annualized Average Full Time Equivalent Students
10,246 FY2014 actual Annualized Average Full Time Equivalent Students
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FY2015 (Approved) Change FY2015
(Revised)
Education and General
General Fund State Funds 001 & 08A $39,299,000 38,959,000
Net change from Central Services Adjustments (1,340,000)
Additional State Funding for STEM programs 1,000,000
Tuition Operating Fees 149 69,648,000 (3,201,000) 66,447,000
Recharges 3,658,496 (14,723) 3,643,773
Dedicated local Funds 148 44,345,821 0 44,345,821
Service Funds 3,637,960 (480,709) 3,157,251
Total Education and General $160,589,277 ($4,036,432) $156,552,845
Auxiliary Enterprises 42,115,635 49,952 42,165,587
Scholarships & Fellowships 41,350,000 1,500,000 42,850,000
Sponsored programs 11,135,000 1,425,000 12,560,000
2013-15 Operating Revenues $255,189,912 ($1,061,480) $254,128,432
FY2015 University Operating BudgetRevenues- All Funds
Service Funds variance due to closure of the Print Shop in FY 2014
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FY2015 University Operating BudgetExpenditures – All Funds
FY2015 (Approved) Change FY2015
(Revised)Education and General
General Fund State Funds 001 & 08A $39,299,000 38,959,000
Net change from Central Services Adjustments (1,340,000)
Additional State Funding for STEM programs 1,000,000
Tuition Operating Fees 149 69,648,000 (3,201,000) 66,447,000
Recharges 3,658,496 (14,723) 3,643,773
Dedicated local Funds 148 43,440,484 (65,739) 43,374,745
Service Funds 3,668,534 (450,452) 3,218,082
Total Education and General $159,714,514 ($4,071,914) $155,642,600
Auxiliary Enterprises (including deductions) 40,166,588 136,038 40,302,626
Scholarships & Fellowships 41,350,000 1,500,000 42,850,000
Sponsored Programs 11,135,000 1,425,000 12,560,000
FY 2015 Operating Budget $252,366,102 ($1,010,876) $251,355,226
Service Funds variance due to closure of the Print Shop in FY 2014
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Student Technology Fee
Student Technology Fee- subfund within Fund 148 FY2015Budget
Revenues $1,145,000
Expenses $1,300,000
• 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
Expenses exceed revenues due to use of cash from prior year revenue
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FY2013-15 Service Funds Budgets
Original FY2015 Revised FY2015
Revenue/Recharges
Expenditures/Deductions
Change in Fund
Balance
Revenue/Recharges
Expenditures/Deductions
Change in Fund
Balance
Printing $480,710 $515,846 ($35,136) $0 $0 $0
Workforce Construction
1,575,000 1,697,490 (122,490) 1,575,000 1,751,572 (176,572)
Telecommunications 1,127,251 1,000,198 127,053 1,127,251 1,011,510 115,741
Motor Pool 455,000 455,000 0 455,000 455,000 0
Service Funds Total $3,637,961 $3,668,534 ($30,573) $3,157,251 $3,218,082 ($60,831)
• Service funds provide goods and services to other university units.• The funds finance their own asset renewal and replacement• Funds may have planned use of cash reserves due to cyclical nature of the work• Printing operations end in FY 2014
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FY 2013-15 Auxiliary Funds Budgets
Original FY2015 Revised FY2015
Revenue/Additions
Expenditures/Deductions
Change in Fund
Balance
Revenue/Additions
Expenditures/Deductions
Change in Fund
Balance
Housing & Dining $21,076,595 $18,879,426 $2,197,169 $21,076,595 $18,856,465 $2,220,130
S&A Fee Fund (net of Housing debt and financial aid) (detail slides 14 & 15)
8,883,126 9,216,501 (333,375) 8,771,178 9,225,728 (454,550)
Recreation Center Fees 213,000 218,800 (5,800) 213,000 181,169 31,831
Intercollegiate Athletics 4,685,300 4,649,575 35,725 4,685,300 4,648,842 36,458
Bookstore 5,446,850 5,327,591 119,259 5,608,750 5,528,018 80,732
Pence Union Building 967,764 1,041,474 (73,710) 967,764 1,046,946 (79,182)
Parking 843,000 833,221 9,779 843,000 815,458 27,542
Auxiliary Funds Total $42,115,635 $40,166,588$1,949,04
7$42,165,587 $40,302,626 $1,862,961
These funds finance their own asset renewal and replacement
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Student Service and Activity Fee Fund
Sources FY2015Original Change FY2015
Revised
S&A Fees (part of tuition rate) $6,738,867 ($114,830) $6,624,037
Recreation Center Fee 2,200,000 0 2,200,000
Transportation Fee 609,000 0 609,000
Clubs (use of activity generated revenue)
205,900 0 205,900
Total Revenues $9,753,767 ($114,830) $9,638,937
No increase in general SA Fee
Revenue decrease due to change from 2015 original budget enrollment estimate
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Student Service and Activity Fee
Uses: As Recommended by Student Service and
Activity Fee Committee
FY2015Original Change FY2015
Revised
Debt Payments $2,930,218 ($4,950) $2,925,268
S&A Fee Allocation 2,795,972 3,950 2,799,922
PUB renewal and replacement 150,000 0 150,000
Transportation Contract 609,000 0 609,000
Transfer to Athletics 2,256,000 0 2,256,000
Financial Aid, Admin Cost 486,552 (5,407) 481,145
Clubs (use of activity generated revenue and reserve)
205,900 0 205,900
URC equipment replacement and facility improvements
653,500 0 653,500
Total Uses $10,087,142 ($6,407) $10,080,735
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Scholarships and Fellowships
FY2015Original Changed FY2015
Revised
Federal Financial Aid Grants (includes Pell grant and the
Supplemental Educational Opportunity Grant – SEOG)
$20,000,000 $1,000,000 $21,000,000
State Financial Aid Grants (includes State Need Grant)
17,000,000 500,000 17,500,000
EWU Financial Aid Grants (includes EWU grant, endowed
scholarships and license plate)3,500,000 0 3,500,000
Private Financial Aid Grants (foundation endowed scholarships)
850,000 0 850,000
Total $41,350,000 $1,500,000 $42,850,000
• 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)
FY2015Original Changed FY2015
Revised
Federal Research $3,980,000 $440,000 $4,420,000
State Research 3,010,000 (575,000) 2,435,000
Local Research 2,015,000 (30,000) 1,985,000
Private Research 2,130,000 1,590,000 3,720,000
Total $11,135,000 $1,425,000 $12,560,000
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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Board Action for FY2015 Supplemental Operating
Budget
Action Items
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• 6% Reduction of Resident Undergraduate Tuition
• Revised expenditure level for FY2015
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FY2015 University Operating BudgetExpenditures – All Funds
FY2015 (Approved) Change FY2015
(Revised)Education and General
General Fund State Funds 001 & 08A $39,299,000 38,959,000
Net change from Central Services Adjustments (1,340,000)
Additional State Funding for STEM programs 1,000,000
Tuition Operating Fees 149 69,648,000 (3,201,000) 66,447,000
Recharges 3,658,496 (14,723) 3,643,773
Dedicated local Funds 148 43,440,484 (65,739) 43,374,745
Service Funds 3,668,534 (450,452) 3,218,082
Total Education and General $159,714,514 ($4,071,914) $155,642,600
Auxiliary Enterprises (including deductions) 40,166,588 136,038 40,302,626
Scholarships & Fellowships 41,350,000 1,500,000 42,850,000
Sponsored Programs 11,135,000 1,425,000 12,560,000
FY 2015 Operating Budget $252,366,102 ($1,010,876) $251,355,226
Service Funds variance due to closure of the Print Shop in FY 2014
Looking Forward to the 2015-17 biennium
Constrained Financial Environment
– $2B gap in projected state of Washington budget– Future of tuition authority– Legislative focus on fund balances (Fund 149- operating
fees and Fund 148- special revenue fund)
– Impact of flattening enrollments– Inflationary costs– Continued investment in Strategic Plan
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