CALIFORNIA STATE UNIVERSITY LONG BEACH
DIVISION OF ADMINISTRATION AND FINANCE
January 7, 2005
| TO: | President Robert Maxson |  |
| FROM: | William H. Griffith, Vice President Administration & Finance |
RE: Internal Budget Document – FY 2004-2005
I am pleased to continue to provide the University community with a reference document containing information on our general fund base budget allocations and budgeted employee salaries as of October 1, 2004 . The document also contains an overview of the budgets for University College & Extension Service, Housing, Student Health Center Facility Fee, Parking, and Lottery funds.
The combined effect of the State's 2004-05 budget cuts and unfunded mandatory costs has reduced the University's discretionary spending by $20.5 million. After applying $10 million in new revenues from State University Fee and Non-Resident Tuition increases, the net impact is a reduction of $10.5 million or six percent (-6%).
The final outcome was better than we had anticipated, and we are cautiously optimistic about future budgets. This improved outlook allowed the campus to use university savings to temporarily mitigate the impact from a 6% loss to 5%. In addition to the mitigation, we are permitting each division to use temporary measures to balance their budget on the premise that future budgets will improve. University savings and division carryover funds are displayed in the summary budget pages of this document.
The production of this comprehensive report requires a significant effort and I want to thank all of those persons involved for their contributions. Questions regarding this document may be directed to the Budget Office at extension 5-4799.
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