University Education Budget Proposal for Fiscal Year 2018-19
"Explore the detailed budget proposal for education and general fund for the fiscal year 2018-19 presented at the Council of Trustees meeting. The proposal includes major assumptions, enrollment and revenue projections, expenditure breakdown, and total university budget overview."
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Presentation Transcript
BUDGET PROPOSAL Education & General Fund Fiscal Year 2018-19 COUNCIL OF TRUSTEES MEETING September 20, 2018
Contents A. Major Budget Assumptions B. Enrollment & Revenue Projections C. Expenditure Projections D. Educational & General Budget E. Total University Budget
Assumptions 2018-19 Proposed Budget 2.99% 2017-18 Budget 3.5% 2017-18 Actual 3.5% Tuition Rate Enrollment State Appropriation Salaries Benefits Utilities (.4)% (3.7)% (4.7)% 2.0% 3.6% 6.0% 2.1% 10.0% 4.5% 1.0% 1.1% 5.6% 3.6% .2% (2.2)%
2018-19 Enrollment & Revenue Projections
Fall Headcount 2018-19 Proposed Budget 2017-18 Actual Change In-State Undergrad 4,799 4,485 (314) Out-of-State Undergrad 1,252 1,234 (18) In-State Graduate 563 579 16 Out-of-State Graduate 128 130 2 Total Headcount 6,742 6,428 (314)
Annualized FTE Enrollment 2018-19 Proposed Budget 2017-18 Actual Change In-State Undergrad 4,482 4,291 (191) Out-of-State Undergrad 1,216 1,124 (92) In-State Graduate 399 423 24 Out-of-State Graduate 126 142 16 Total FTE Enrollment 6,223 5,980 (243)
E&G Revenue (in millions) 2018-19 Proposed Budget 2017-18 Actual Change Tuition & Fees $70.73 $72.07 $1.34 State Appropriation 27.03 28.66 1.63 Other Income Planned Use of Carryforward 5.78 4.83 (.95) .00 (.76) (.76) Total Revenue $103.54 $104.80 $1.26 Note: Totals may vary due to rounding.
2018-19 E&G Revenue Other, 3.9% State Appropriation, 27.3% Tuition & Fees, 68.8%
2018-19 Expenditure Projections
E&G Expenditures (in millions) 2018-19 Proposed Budget 2017-18 Actual Change $71.21 $74.71 $3.50 Salaries & Benefits 20.61 21.56 .95 Non-Personnel Capital, Transfers & Debt Service 10.93 8.52 (2.41) $102.75 $104.79 $2.04 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 - 2017-2018 Actual 2018-2019 Proposed Budget
2018-19 E&G Salaries & Benefits SCUPA, 4.64% All Other, 2.36% Non-Represented, 16.48% AFSCME, 18.47% APSCUF, 58.05% Note: Totals may vary due to rounding.
E&G Employee Benefits 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - Healthcare Retirement Other Benefits 2017-18 Actual 2018-19 Proposed Budget
E&G Compensation Analysis 100% 90% 31.42% 30.56% 30.57% 31.43% 80% 70% 60% 50% 40% 68.58% 69.44% 69.43% 30% 68.57% 20% 10% 0% Actual 2015-16 Actual 2016-17 Actual 2017-18 Benefits Proposed 2018-19 Salaries
E&G Non-Personnel Expenditures (in millions) 2018-19 Proposed Budget 2017-18 Actual Change Operating Expenses $14.55 $14.64 $0.09 Student Aid 3.50 4.03 0.53 Foundation Support 1.13 1.13 0.00 Camps & Conferences 1.43 1.77 0.34 Total Expenditures $20.61 $21.57 $.96 Note: Totals may vary due to rounding.
E&G Non-Personnel Expenses 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 2017-18 Proposed 2018-19
E&G Capital, Transfers & Debt Srvc (in millions) 2018-19 Proposed Budget 2017-18 Actual Change $ 2.92 Capital & Debt Svc $ 3.04 $0.12 8.01 Transfers 5.48 (2.53) $10.93 Total $ 8.52 $(2.41) Note: Totals may vary due to rounding.
2018-19 E&G Expenditures & Transfers Salaries & Benefits, 71.3% Capital Expenditures & Transfer, 8.1% Utilities, Services & Supplies, 16.7% Student Financial Aid, 3.9% Note: Totals may vary due to rounding.
2018-2019 University Operating Budget (All Funds)
2018-19 University Budget All Funds Educational & General, $104,798,030 72.5% 13.8% 13.6% Restricted, $20,015,234 Auxiliary, $19,710,874
2018-19 Total Revenue All Funds Students, $91,017,652 63.0% 13.9% 19.8% 3.3% Grants, $20,015,234 Other E&G, $4,832,114 Appropriation, $28,659,138
Undergraduate Full-time, In-State, Residential Student (Typical First-Year Student) Fees-Academic Year 2017-18 2018-19 Instructional ( 19 Warrior Promise) $ 8,706 $ 9,594 General Fees 1,238 1,244 Student Activity Fee 354 364 Room ( 18 Trad Dbl, 19 Suite Dbl) 6,000 7,700 Board 2,792 2,900 Total $19,090 $21,802 Annual dollar increase $2,712 Overall percent increase 14.2%
2018-19 Undergraduate Full-time, In-State, Residential Student (Typical First-Year Student) $35,000 $30,000 $5,050 $5,200 $4,094 $25,000 $7,250 $7,530 $8,896 $2,900 $20,000 $950 $1,038 $3,630 $890 $7,700 $15,000 $6,120 $10,000 $2,914 $18,130 $17,416 $16,080 $3,330 $5,000 $8,288 $6,240 $0 ESU Northampton $19,320 Temple $29,960 Pitt Penn State $31,184 $21,802 $31,380 Tuition Fees Room Board
Looking Ahead A. Collective Bargaining Agreements B. Enrollment C. Employee Benefit Cost D. Facility Infrastructure E. State Support
