Preliminary Campus Budget Outlook
2008-09 Governor's Budget
Exhibit 1
(Assumes 08-09 enrollment at 634 FTES over 07-08 target)
| Item | Amount (in millions) | % of Base $201.9M |
|---|---|---|
| 07-08 Unfunded Compensation Costs | (3.1) | |
| 07-08 CFA GSI effec. 6/30/08 | (2.8) | |
| 08-09 Mandatory Costs (7.5% of $36M) | (2.7) | |
| 08-09 Share of GF reduction (7.5% of $99.3M) | (7.4) | |
| TOTAL CHANGE IN COSTS | $ (16.0) |
| Item | Amount (in millions) | % of Base $201.9M |
|---|---|---|
| 10% Fee Increase based on 07-08 FTE target | 8.0 | |
| Less:1/3 set-aside for financial aid | (2.7) | |
| Fee revenue based on 634 FTES over 07-08 target | 2.1 | |
| Less: Overenrollment funding to Acad Affairs (634 @$1,990) | (1.3) | |
| NET CHANGE IN REVENUES | 6.1 | |
| CHANGE IN COSTS / RESOURCES | $(9.9) | -4.9% |
| Item | Amount (in millions) | % of Base $201.9M |
|---|---|---|
| Comprehensive Fundraising Campaign | (1.8) | |
| Campus Messaging | (0.1) | |
| Partial funding of current Budget Recovery Plan | (1.0) | |
| Enhanced Classroom Maintenance | (0.6) | |
| PRESIDENT'S PRIORITIES | (3.5) | |
| GROSS CAMPUS BUDGET PROBLEM | $(13.4) | -6.6% |
| APPLICATION OF TEMPORARY CAMPUS RESOURCES | 5.6 | |
| NET CAMPUS BUDGET PROBLEM (Pro rata Base Reduction to all Divisions) |
$(7.8) | -3.9% |
| LOSS OF PARTIAL TEMP FUNDS FROM BUDGET RECOVERY PLAN (Effective Reduction to Non-Instructional Budgets) |
$(2.0) | -1.9% |
| TOTAL IMPACT ON OPERATING DIVISIONS | $(9.8) | -5.8% |
| ADDITIONAL LOSS TO ACADEMIC AFFAIRS OF OVER-ENROLLMENT FUNDING DUE TO PLANNED ENROLLMENT REDUCTION | $(1.4) |