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California State University, Long BeachCalifornia State University, Long Beach

2014-15 Budget Planning
Sources and Uses Plan

Based on Enrollment Target of 27,848 Resident FTES

SOURCES:

2014-15 General Fund Budget
FY 2013-14 CHANGES
AFFECTING 14-15
FY 2014-15
2013-14 Net State Support 141,554,836
2013-14 Revenues and Reimbursements
State University Tuition Fee 179,509,177
Other Receipts 20,775,607
Total 2013-14 General Fund Budget $ 341,839,620
2014-15 BEGINNING BUDGET $ 341,839,620
Net Budget Plan Changes
SOURCES: FY 2013-14 CHANGES AFFECTING 14-15 FY 2014-15
Adjustment to retirement rate 1,128,900
Mandatory cost increase - health 870,000
2013-14 improving student success adjustment 675,000
Enrollment growth funding 2,942,000
Partial funding of State University Grant increase 1,195,000
Other minor adjustments 150,000
Adjustment to Revenues and Reimbursements
SOURCES: FY 2013-14 CHANGES
AFFECTING 14-15
FY 2014-15
State University Tuition Fee adjustment (Projected increase of 2,774 headcount) 10,000,000
Non-Resident Tuition (Projected increase of 905 headcount) 5,000,000
Other Receipts adjustment -
TOTAL 2013-14 GENERAL FUND SOURCES $ 363,800,520

USES:

2013-14 Internal Budget
USES: FY 2013-14 CHANGES
AFFECTING 14-15
FY 2014-15
Division budgets $ 180,555,426
University-wide budgets 161,284,194
Total 2013-14 Internal Budget $ 341,839,620
Changes to 2013-14 Internal Budget
USES: FY 2013-14 CHANGES AFFECTING 14-15 FY 2014-15
Enrollment increase instructional cost 2,071,300
Other minor adjustments 150,000
Annual costs related to E-Advising 355,800
Elimination of custodial contract 377,000
Revenue sharing agreement with CIE 500,000
Contingency reserve for May Revise and unknowns 2,000,000
Pro rata allocation to operating divisions 10,918,900
Adjusted 2014-15 General Fund Budget $ 358,212,620
2014-15 EXPENDITURE REQUIREMENT CHANGES
USES: FY 2013-14 CHANGES
AFFECTING 14-15
FY 2014-15
Directed/Earmarked by System Office - PERS retirement rate change 1,128,900
Directed/Earmarked by System Office - Health benefits rate changes 870,000
Directed/Earmarked by System Office - Improving student success adjustment 675,000
Directed/Earmarked by System Office - Risk pool premium increase 862,000
Directed/Earmarked by System Office - State University Grant (incremental increase) 2,052,000
TOTAL 2014-15 GENERAL FUND USES $ 363,800,520
SURPLUS / (DEFICIT) FOR 2014-15 $ -

Explanatory Notes

The 2014-15 Sources and Uses Plan estimates the impact of budget decisions made by the State, by the CSU System Office, and the Long Beach campus on the resource allocations for the upcoming year. The plan is based on the CSU budget included in the Governorís January Budget Proposal and the May Revision and incorporates planning parameters that have been provided to the campuses by the Chancellor and the CSU March Budget Allocation letter B2014-01 dated March 6, 2014. The plan does not include any changes that could occur with legislative proceedings that take place before the final budget is passed.

The following notes provide an explanation of the numbers shown on the plan. Other related notes and recommendations on the budget strategy and selected topics can be found in the sections following this plan.

SOURCES

2013-14 General Fund Base Budget

Net state support and budgeted revenues and reimbursements detailed in the 2013-14 CSULB Internal Budget Document.

2013-14 Net State Support$141,554,836

Represents portion of the University’s state budget supported by tax revenues.

2013-14 Revenues & Reimbursements

State University Tuition Fee$179,509,177

Represents portion of the University’s budget supported by undergraduate, teacher credential and graduate student tuition fees.

Other Receipts$20,775,607

Represents portion of the Universityís budget comprised of fees and miscellaneous reimbursements for services. Examples include student health center fee, application fee, non-resident tuition, transcript fees, etc.

Total 2013-14 General Fund Budget$341,839,620

Net Budget Plan Changes

The net budget plan changes in the campusís General Fund allocation is based on CSU budget allocations detailed in the CSU system coded memorandum B2014-01 on the 2014-15 Governorís Budget Allocations.

Adjustment to retirement rate$1,128,900

Change in employer-paid contribution rates in order to maintain actuarial soundness of the system and meet defined benefit pension obligations.

Mandatory cost increase Ė health premiums$870,000

Funding to cover the permanent increase in employer-paid health care costs resulting from January 2014 premium increases.

2013-14 improving student success adjustment$675,000

Permanent funding for improving student success initiatives awarded by the Chancellorís Office in July 2013 following a request for proposal process.

Enrollment growth funding$2,942,000

Funding to support the increase in resident full-time equivalent students (FTES) of 650 (27,198 to 27,848 FTES).

Partial funding of State University Grant increase$1,195,000

Partial funding of financial aid set aside of 33 percent of increased state university tuition fee revenues. This adjustment is a preliminary projection of changes that will occur in campus fiscal year 2014-15 budgeted SUG allocations.

Other minor adjustments$150,000

Minor funding adjustments for state interest assessment and faculty equity salary adjustment.

Adjustment to Revenues and Reimbursements

State University Tuition Fee Increase$10,000,000

This revenue increase projection is contingent on achieving our 2013-14 college year resident enrollment goal of 28,106 FTES, approximately 2.3 percent over target.

Non-Resident Tuition$5,000,000

This revenue increase is due to projected growth in the number of non-resident students from the budgeted enrollment.

Total 2014-15 General Fund Resources$363,800,520

USES

2013-14 Internal Budget

The budgets for operating divisions and university-wide programs as detailed in the 2013- 14 Internal Budget document.

Division Budgets$180,555,426

Represents budget allocations for all operating divisions.

University-wide Budgets$161,284,194

Represents budgets for general, necessary, or unavoidable costs that benefit the entire campus rather than a particular division.

2013-14 Internal Budget$341,839,620

Changes to 2013-14 Internal Budget

Enrollment increase instructional cost$2,071,300

Funding provided to Academic Affairs to support instructional costs related to the increase in enrollment.

Other minor adjustments$150,000

Permanent funding for state interest assessment increases and costs related to the faculty equity salary adjustment.

Annual costs related to E-Advising$355,800

Permanent funding to support the implementation and maintenance of E-Advising initiatives

Elimination of custodial contract$377,000

Permanent funding to support the increased cost of providing custodial services by employees rather than by contracted services.

Revenue sharing agreement with CIE$500,000

Funding agreement with the Center for International Education to share incremental revenues resulting from growth in international student enrollments.

Contingency reserve for May Revise and unknowns$2,000,000

Funds reserved as a contingency for unforeseen developments. Disposition of reserve will be determined by the President and the Vice Presidents.

Pro rata allocations to operating divisions $10,918,900

Represents pro rata allocation of discretionary resources to the operating divisions in order to fund operational requirements and advance campus strategic priorities and goals.

ADJUSTED 2014-15 GENERAL FUND BUDGET$358,212,620

2014-15 CHANGES IN CAMPUS EXPENDITURE REQUIREMENTS

Represents budget changes to division and university-wide allocations.

Directed / Earmarked by System Office

PERS retirement rate change$1,128,900

Represents change in employer-paid contribution rates in order to maintain actuarial soundness of the system and meet defined benefit pension obligations.

Health benefits rate changes$870,000

Represents permanent increase in employer-paid health care costs due to annual premium increases.

2013-14 improving student success adjustment$675,000

Improving student success initiatives awarded by the Chancellorís Office in July 2013 following a request for proposal process.

Risk pool premium increase$862,000

Estimated increase in campus risk pool premium costs due to actuarial data and cost increases.

State University Grant (SUG)$2,052,000

Permanent budget adjustment associated with the financial aid set aside of 33 percent of increased state university tuition fee revenues. This adjustment is a preliminary projection of changes that will occur in campus fiscal year 2014-15 budgeted SUG allocations.

Total 2014-15 General Fund Uses$363,800,520

Surplus / (Deficit) for 2014-15$ 0