University Budget Proposal for Fiscal Year 2019-20
Explore the detailed budget proposal presented at the Council of Trustees meeting for the Education & General Fund for the fiscal year 2019-20. Dive into major budget assumptions, enrollment and revenue projections, expenditure breakdown, and total university budget analysis. Delve into changes in tuition rates, enrollment numbers, revenue sources, and expenditure allocations to gain insight into the financial plan for the academic year.
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Presentation Transcript
BUDGET PROPOSAL Education & General Fund Fiscal Year 2019-20 COUNCIL OF TRUSTEES MEETING September 19, 2019
A. Major Budget Assumptions B. Enrollment & Revenue Projections C. Expenditure Projections D. Educational & General Budget E. Total University Budget
2019-20 Proposed Budget .00% 2018-19 Budget 2.99% 2018-19 Actual 2.99% Tuition Rate Enrollment State Appropriation Salaries Benefits Utilities (4.70)% (4.70)% (3.30)% 6.00% 6.00% 2.19% 3.58% .35% (2.2)% 3.58% .35% 21.75% 1.50% 1.06% (9.2)%
2019-20 Proposed Budget 2018-19 Actual Change In-State Undergrad 4,506 4,287 (219) Out-of-State Undergrad 1,207 1,130 (77) In-State Graduate 584 666 82 Out-of-State Graduate 128 131 3 Total Headcount 6,425 6,214 (211)
2019-20 Proposed Budget 2018-19 Actual Change In-State Undergrad 4,317 4,136 (181) Out-of-State Undergrad 1,147 1,074 (73) In-State Graduate 439 496 57 Out-of-State Graduate 129 133 4 Total FTE Enrollment 6,032 5,839 (193)
2019-20 Proposed Budget 2018-19 Actual Change Tuition & Fees $71.30 $70.37 $(.93) State Appropriation 28.48 29.10 .62 Other Income Planned Use of Carryforward 6.84 5.80 (1.04) .00 1.75 1.75 Total Revenue $106.62 $107.02 $0.40 Note: Totals may vary due to rounding.
Other, 7.06% State Appropriation, 27.19% Tuition & Fees, 65.75%
2019-20 Proposed Budget 2018-19 Actual Change $70.75 $73.58 $2.83 Salaries & Benefits 23.05 24.29 1.24 Non-Personnel Capital, Transfers & Debt Service 12.20 9.15 (3.05) $106.00 $107.02 $1.02 Total Expenditures Note: Totals may vary due to rounding.
E&G Salaries 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - 2018-2019 Actual 2019-2020 Proposed Budget
All Other, 2.61% SCUPA, 4.36% Non-Represented, 16.27% AFSCME, 17.62% APSCUF, 59.14% Note: Totals may vary due to rounding.
12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - Healthcare Retirement Other Benefits 2018-19 Actual 2019-20 Proposed Budget
100% 90% 30.56% 30.57% 29.94% 31.07% 80% 70% 60% 50% 40% 69.44% 69.43% 70.06% 30% 68.93% 20% 10% 0% Actual 2016-17 Actual 2017-18 Actual 2018-19 Proposed 2019-20 Salaries Benefits
2019-20 Proposed Budget 2018-19 Actual Change Operating Expenses $15.90 $16.89 $0.99 Student Aid 3.91 4.24 0.33 Foundation Support 1.13 1.13 0.00 Camps & Conferences 2.11 2.03 (0.08) Total Expenditures $23.05 $24.29 $1.24 Note: Totals may vary due to rounding.
18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - Actual 2018-19 Proposed 2019-20
2019-20 Proposed Budget 2018-19 Actual Change $ 3.39 Capital & Debt Svc $ 3.27 $(0.12) 8.81 Transfers 5.88 (2.93) $12.20 Total $ 9.15 $(3.05) Note: Totals may vary due to rounding.
2019-20 E&G Expenditures & Transfers Salaries & Benefits, 68.8% Capital Expenditures & Transfer, 8.5% Utilities, Services & Supplies, 18.7% Student Financial Aid, 4.0% Note: Totals may vary due to rounding.
Educational & General, $107,022,880 73.1% 14.1% 12.8% Restricted, $20,632,849 Auxiliary, $18,656,000
Students, $89,024,914 62.0% 14.1% 4.0% 19.9% Grants, $20,632,849 Appropriation, $29,102,386 Other E&G, $7,551,580
Fees-Academic Year 2018-19 2019-20 Instructional ( 20 Warrior Promise) $ 9,594 $9,832 General Fees 1,244 1,280 Student Activity Fee 364 364 Room (Suite Dbl) 7,700 8,000 Board 2,900 3,050 Total $21,802 $22,526 Annual dollar increase $724 Overall percent increase 3.3%
2019-20 Undergraduate Full-time, In-State, Residential Student (Typical First-Year Student) $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 ESU Northampton $19,320 Temple $29,960 Pitt Penn State $31,184 $21,802 $31,380 Tuition Room & Board Fees
A. Collective Bargaining Agreements B. Enrollment C. Employee Benefit Cost D. Facility Infrastructure E. State Support
