2013-15 Biennium Budget FINAL€¦ · 2013-15 Biennium Budget 2013-15 Operating & Capital Budget...

2013-15 Biennium Budget

2013-15 Operating & Capital BudgetBoard of Trustees Meeting - July 9, 2013

1

State Budget Biennial Overview

Eastern’s State Funding Senate Proposal

House Proposal

ConferenceBudget

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 0 5,509,000

Maintenance and Operations for Patterson Hall 262,000 0 432,000

Administrative Efficiencies (346,000) 0 0

Performance Funding 260,000 0 0

Improve Graduation Rates 0 384,000 0

New Funding Level, 2013-15 Biennium $75,040,000 $73,638,000 $78,763,000

2

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

4

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

5

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

6

CategoryCurrent

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

NonresidentUndergraduate $6,039 $6,447 $19,341

Nonresident Graduate $7,484 $7,994 $23,982

Student Impact2014 Tuition Rates - 0% RU, 7% Other

$212

$408

$510

$

$510

7

Category

Current Quarterly

Tuition Rates

6% increaseQuarterly

Rate

AnnualRate

Resident Undergraduate $2,457 $2,604 $7,812

Resident Graduate $3,445 $3,652 $10,956

NonresidentUndergraduate $6,447 $6,834 $20,502

Nonresident Graduate $7,994 $8,474 $25,422

Student Impact2015 Tuition Rates - 6%

$147

$207

$387

$

$480

8

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

FY2014 & FY2015 Mandatory FeesQuarterly

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.

9

FY2013 Average Quarterly

Rate


Rate

FY 2014Annual

Rate


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

10

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

11

Operating Budget

12

FY2014 FY2015 2013-15Education 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 BudgetRevenues- All Funds

13





Recharges 3,658,496 3,658,496 7,316,992


Service Funds 3,669,017 3,668,534 7,337,551





2013-15 Operating Budget $245,445,113 $252,366,102 $497,811,215

2013 Estimated Additional Revenue $1,500,000

2013-15 University Operating BudgetExpenditures- All Funds

14

2013-15 Operating (Tuition) Fee Assumptions

FY2014 FY2015Budgeted FTES – state supported 10,270 10,427Enrollment 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%

15

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

16

Total State Funding and Operating (Tuition) Fees

(Ledger 1)

FY2014 FY2015 2013-15 Total


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

17

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

18

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 0 (345,126) 4,230,300 4,475,826 0 (245,526)

Advancement 6,900 6,900 0 0 6,900 6,900 0 0

OIT 1,173,516 1,246,865 0 (73,349) 1,197,801 1,049,075 0 148,726

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.

19

Student Technology Fee

Student Technology Fee- fundwithin Ledger 2 group

FY2013Projected

FY2014Budget

FY2015Budget

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

20

FY2013-15 Service Funds Budgets(Ledger 3)

FY2014 FY2015Revenue/

RechargesExpenditures/

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 0 455,000 455,000 0

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

21

FY 2013-15 Auxiliary Funds Budgets(Ledger 3)

FY2014 FY2015Revenue/Additions


Change in Fund

Balance

Revenue/Additions


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

22

Student Service and Activity Fee Fund

Sources FY2014FY2015

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

FY2014FY2015

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

24

Scholarships and Fellowships

FY2013Projected

FY2014Budget

FY2015Budget

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.

25

Sponsored Programs (Grants & Contracts)(Ledger 5)

FY2013Projected

FY2014Budget

FY2015Budget

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..

26

2013-15 University Operating BudgetExpenditures- All Funds

27





Recharges 3,658,496 3,658,496 7,316,992


Service Funds 3,669,017 3,668,534 7,337,551







ReappropriationsNew Appropriations

Local Capital

28

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

29

Capital Budget – Reappropriations

Reappropriations2013-15

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

30

Capital Budget – New Appropriations

New Appropriations2013-15

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

31

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 0 960,362

EWU Recreation Center 745,000 653,500 1,398,500

Parking Lot Repair and Maintenance 0 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 BudgetFor action by the Board of Trustees:

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Recharges 3,658,496 3,658,496 7,316,992


Service Funds 3,669,017 3,668,534 7,337,551







2013-15 Tuition & Fee IncreasesFor action by the Board of Trustees:

35

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 BudgetFor action by the Board of Trustees:

36

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

2013-15 Biennium Budget FINAL€¦ · 2013-15 Biennium Budget 2013-15 Operating & Capital Budget...

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