Budget Update & General Budget ConditionsBACSeptember 13, 2013

Todd ForemanVice President for Finance and Administration

2014/15 Budget Request: Background

2014/15 2015/16 2016/17 $- M

$500 M

$1,000 M

$1,500 M

$2,000 M

$2,500 M

$3,000 M

$3,500 M

$1,742 M

$2,889 M $2,948 M

Projected State Budget Gaps

2012/13 2013/14 2014/15 2015/16Actual Projected

$54,000 M

$56,000 M

$58,000 M

$60,000 M

$62,000 M

$64,000 M

$66,000 M

$68,000 M

$58,783 M

$61,690 M$62,839 M

$65,549 M

Actual and Projected General Fund Receipts

2014/15 Budget Request: Background

Tuition Costs Tuition Costs Tuition Costs Tuition Costs2014/15 2015/16 2016/17 2017/18

-

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$88

$185 $185 $185

$47

$129

$168 $155

$11

$22

$22 $22

$58

$151

$190 $177

Annual Increases from 2013/14 Base:2014/15 through 2017/18

Tuition Revenue UUP Contract Costs Tuition Credit Series4

$ M

illion

s

Examples of 13/14 Planned Incremental Tuition Uses

Use Value FTENew Faculty Hires $18.4M 218Other Vacancies/Positions $8.5M 158Faculty Vacancies $8.3M 117Prior Year Contractual Costs $7.1M N/AScholarships $4.0M N/AProgram Support $4.0M N/AStudent Services $2.0M N/A

Themes of 2014/15 Budget Request

Sector Item

State-operated / Statutory • UUP, other contractual/inflationary costs• Sufficient appropriation to disburse self-generated revenue• Initiatives:

• Strategic Investment, otherCommunity Colleges • Fully recognize enrollment

• Base Operating Aid• Capitalize on Job Linkage funding

Hospitals • State tax support future• Cost avoidance items

Capital • Multi-year capital plan to address:• Backlog and renewal needs• Strategic investment in:

• Core educational mission• Research and economic development goals

Performance Based

Funding

State Budget

Gaps

Uncertain State Tax Revenue

Job Linkage Program

NY-SUNY 2020

Proven Return on

Investment

2013-14 BudgetState Support

Core Operating Budget• No funding for salary increases• Estimated budget impact for Oneonta: $500k

• Tuition increase appropriation is included

Capital Budget• No new capital funding for Educational Facilities Capital

Program, including Critical Maintenance funds• Cash flow problems have delayed projects

2013-14 Budget SUNY Outlook

• Tuition increase (year 3 of 5)• Projected new tuition revenue $2,200k • Offset by SUNY Tuition Credit ($476k)• Offset by salary increases ($500k)• Offset by scholarship increases (year 2 of 4) ($500k)• Net new tuition revenue: $724k

• SUNY Hospitals still a big “?”

College Foundation; 2.2; 2%Research Foundation; 5.8; 5%

OAS; 17.534993; 16%

DIFR; 12.1991; 11%

IFR; 17.8125; 17%Overflow Enrollment & Summer Session; 1.7384; 2%

State Tax Support; 12.9629; 12%

Total Campus Tu-ition & Related

Revenue; 36.3553; 34%

University-wide Program Support; 1.188344; 1%

FY13/14 All Funds Budget By Funding Source:$107.8 million*

*does not include Fringe Benefit & Cap-ital Budgets

State Appropriated Funds: $82.3 million

Non-Appropriated Restricted Purpose Funds: $25.5 million

Salaries51.5688

63%

OTPS23.685526

29%

Scholarships & Tuition

Credit3.554518

4%

Utilities3.4477

4%

FY13/14 Appropriated Funds by Spending Category$82.3 million$ in millions

FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/140%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

19% 19% 16% 14% 12% 12% 12%

1% 1%1% 1% 1% 1% 1%

27% 26% 29% 29% 31% 32% 34%

3% 2% 2% 2% 3% 2% 2%

29%28% 28% 29% 30% 29% 28%

15% 17% 17% 17% 16% 16% 16%

1% 2% 2% 2% 2% 2% 2%5% 5% 6% 6% 6% 6% 5%

7-year All Funds Budget, Funds as % of Total

$ in millions

Research Foundation

College Foundation

OAS

Dorm Rents, Fee In-come & Other Revenue Funds

Overflow Enrollment & Summer Session

Total Campus Tuition & Related Revenue

University-wide Program Support

State Tax Support

All Funds Budget:$99.5 $100.2 $104.7 $105.0 $107.0 $107.8$105.0

FY0708 FY0809 FY0910 FY1011 FY11120%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

56% 56% 60% 59% 64%

44% 44% 40% 41% 36%

IPEDS Spending by Major FunctionStrategic Performance Indicator

Administrative Spending

Academic & Student Services Spending

Strategic Performance Indicators – Financial Sustainability

projected in red

Financial Sustainability IndicatorsFY08/

09FY09/

10FY10/

11FY11/

12FY12/

13FY13/

14

Campus Reserve as % of state support (beginning of fiscal year) 41% 44% 43% 73% 59% 58%

Cash Balance Threshold n/a n/a 18% 18% 17% 15%

Billed Cost of Attendance -- Annual Increase 5% 5% 3% 5% 3% 4%

Academic & Student Services v. Administrative spending (IPEDS)

56% : 44%

60% : 40%

59% : 41%

64% : 36%

62% : 38%

62% : 38%

Campus Reserve

Total Recurring One-Time %

Actual $ 6.8 $ 2.0 $ 4.8 53%

Desired $ 3.3 $ 1.3 $ 2.0 25%

Difference $ 3.6 $ 0.7 $ 2.9 28%

Opportunity

StAR!

Estimated Billed Cost of AttendanceBilled Cost of

Attendance: Fall 2013

Per Semester

ActualFall 2013

$ Change v. Prior Yr

% Change v. Prior Yr

In-State Undergraduate Tuition $2,935.00 $150.00 5.4%Dorm Room (baseline double) $3,137.00 $134.50 4.5%Dining Plan (Unlimited) $1,970.00 $30.00 1.5%

Tuition, Room & Board Subtotal $8,042.00 $314.50 4.1%annual cost $16,084 $629 4.1%

Athletic Fee $191.50 $4.00 2.1%Technology Fee $202.50 $6.00 3.1%Health Fee $153.50 $6.50 4.4%College Fee $12.50 $0.00 -Transcript Fee $5.00 $0.00 0.0%

Comprehensive Fee Subtotal $565.00 $16.50 3.0%annual cost $1,130 $33 3.0%

Student Activity Fee $105.00 $5.00 5.0%Alumni Fee $10.00 $0.00 -

subtotal $115.00 $5.00 4.5%

SEMESTER GRAND TOTAL $8,722 $336.00 4.0%Annual Cost $17,444 $672 4.0%