Bloomsburg University
Fall 2014
E&G Budget Update
FY 2013-2014 (Prior Year)
FY 2014-2015 (Current Year)
FY 2015-2016 (Request Year)
Presented to Budget Subcommittee on 9/11/14
Presented to Planning & Budget on 9/18/14
Presented to University Forum on 9/24/14
One Year Ago…
• Opened FY 2013-2014 With a Plan that Included $7.2MM Use of Carryforward
(CF) (i.e. use of savings account):
•
•
$4.8MM Unrestricted Net Asset Spend Down Plan
$2.4MM Use E&G General Fund CF (Institutional Reserve) to Balance Budget
FY 2013-2014 E&G General Fund Budget
Improvement Initiatives Recap
• E&G General Fund Base Operating and Capital Budget Allocation Reduction15% Overall
• E&G General Fund Residual Budget Carryforward Reallocation to
Institutional Reserve
• Winter Session
FY 2013-2014
E&G Interim BUDRPT vs. FINRPT Actuals
Educational and General Fund (General, Special
Programs, Self-Supporting)
E&G Revenue/Sources
Tuition
Fees
Total Tuition and Fees
State Appropriation
All Other Revenue
Use of Carryforward Fund Balance
Interim BUDRPT
Submission-FY 13/14
$
$
(See Below)
Total Revenue/Sources
$
FINRPT Actuals
FY 13/14
79,651,424 $
14,874,290
94,525,714 $
32,994,559
4,120,248
79,363,520 $
14,737,508
94,101,028 $
32,994,559
4,879,158
(287,904)
(136,782)
(424,686)
758,910
99.64%
99.08%
99.55%
100.00%
118.42%
131,640,521 $
131,974,745 $
334,224
0.00%
100.25%
68,510,720
(852,096)
30,647,584
(304,266)
99,158,304 $ (1,156,362)
23,950,733
(3,303,644)
2,133,618
(2,084,576)
4,053,018
(348,690)
129,295,673 $ (6,893,272)
98.77%
99.02%
98.85%
87.88%
50.58%
92.08%
94.94%
2,679,072 $ 7,227,496
E&G Expenditures and Transfers
Compensation Summary:
Salaries and Wages
Benefits
Subtotal, Compensation
Services and Supplies
Capital Expenditures
Transfers
Total Expenditures and Transfers
$
69,362,816 $
30,951,850
100,314,666 $
27,254,377
4,218,194
4,401,708
136,188,945 $
Revenue/Sources less Expenditures/Transfers
$
(4,548,424) $
$
$
6/30/14 E&G General Fund-Fund Balance
6/30/13 E&G General Fund-Fund Balance
Increase/(Decrease)
Variance
Actuals as a %
Of Interim
BUDRPT
Submission
$
$
$
17,287,237
16,322,548
964,689
6/30/14 E&G Special Pgm/Self-Supporting Fund Balance
6/30/13 E&G Special Pgm/Self-Supporting Fund Balance
Increase/(Decrease)
$
11,172,774
9,458,391
1,714,383
Total Fund Balance Increase as of June 30, 2014
$
2,679,072
June 30, 2014 E&G General Fund
Fund Balance Detail
E&G General Fund-Fund Balance Detail
6/30/2013
Inc/(Dec)
Description
6/30/14
$ 241,451 $ 129,470 $ 111,981
Sustainability Initiatives
3,175,031
(1,474,627)
1,700,404
President/VP/Dean Residual Budget CFs
Other 1
1,404,239
1,315,316
88,923
475,366
942,527
(467,161)
Reserve-Institutional:
Healthcare Reserve
BOG Waivers-Transfer in FY 14
Central Scheduling System-Transfer in FY 2014
Mailroom/Custodial Reloc/Renovation-Transfer in FY 2015
Uncommitted Reserve Balance
Reserve-A&F Equipment and Computer Replacement
Reserve-Utilities
Reserve-Miscellaneous
Outstanding Commitments
1
172,146
100,000
120,000
9,164,594
12,052,107
279,819
110,989
100,690
38,483
36,135
864,379
1,186,639
$ 17,287,237 $ 16,322,548 $
(172,146)
(100,000)
120,000
2,887,513
279,819
10,299
2,348
(322,260)
964,689
Includes E&G General Funds that carryforward to self (Office of Technology, Telecom Ctr, PBX and
Voicemail, ISIS PS Operating and Equipment, etc.).
June 30, 2014 E&G
Special Program/Self-Supporting
Fund Balance Detail
E&G Special Program/Self-Supporting-Fund Balance Detail
Description
6/30/14
6/30/2013
Inc/(Dec)
Self-Supporting Operations:
Technology Initiatives (Tech Fee Fund)
$
848,490 $
431,415 $
417,075
Academic Initiatives (Academic Enhancement Fee Fund)
5,667,672
3,866,066
1,801,606
Other Self-Supporting Operations 1
2,462,757
2,558,430
(95,673)
2
543,403
401,224
142,179
Other Special Programs 3
Outstanding Commitments
1,447,474
202,978
11,172,774 $
Scholarships
$
1
Includes camps, conferences, Speech and Hearing Clinic, shuttle bus operation, etc.
2
Includes PEPSI/Trustee, Verizon Retention, and Integra College Grant funds.
3
1,347,047
854,209
9,458,391 $
Special Program funds includes: President's Strategic Planning Grants, Indirect Cost, Financial Aid Admin
Allowance, etc.
100,427
(651,231)
1,714,383
FY 2014-2015 (Current Year) Key Assumptions
Tuition and Fees:
•
•
•
•
•
•
Annualized FTE enrollment decrease of 0.8% over prior year
3.0% Tuition increase
15.0% Technology Tuition Fee increase
3.7% Academic Enhancement Fee increase
40.0% Transportation Fee increase
Miscellaneous fees align with FY 2013-2014 actuals
State Appropriation (Includes Performance Funding)
•
$32,870,585 (figure provided by PASSHE and is $123,973 less than FY 2013-2014; performance
funding not yet final (estimate provided by PASSHE = $2,877,671))
All Other Revenue:
•
All other revenue generally consistent with FY 2013-2014 actuals adjusted for known variances
Compensation:
•
Mandatory salary/wage, hospitalization/retirement, and other benefit increases included
Services/Supplies (including utilities and student financial aid) and Capital Expend.:
•
•
•
Continued reduction in base budgets
CPI increases included where appropriate
Other known or anticipated adjustments included
Transfers:
•
No new debt service
FY 2014-2015 (Current Year)
E&G Fund (General, Special Programs, Self-Supporting) Budget Projection
E&G Revenue/Sources
Tuition
Fees
Total Tuition and Fees
State Appropriation
Transition Funds
All Other Revenue
Use of Carryforward Fund Balance
$
$
Total Revenue/Sources
$
E&G Expenditures and Transfers
Compensation Summary:
Salaries and Wages
Benefits
Subtotal, Compensation
$
10,248,234
144,831,187
$
72,923,633
35,083,634
108,007,267
$
29,923,819
2,887,852
4,012,249
144,831,187
1
Services and Supplies
Capital Expenditures
Transfers
Total Expenditures and Transfers
81,053,196
15,975,445
97,028,641
32,870,585
140,000
4,543,727
Revenue/Sources less Expenditures/Transfers 2
1
2
-
Includes student financial aid (non-employee waivers and institutional
scholarships) and utilities.
Inclusive of the following budget improvement initiatives: E&G General Fund
Base Operating and Capital Budget Allocation Reduction-15% Overall ($1.2MM);
Academic Enhancement Fee Contribution to E&G General Fund Operations
($600K); Tech Tuition Fee Contribution to E&G General Fund Operations ($445K);
Transportation Fee Increase ($93K), reduction in planned transfers to plant
($1.0MM); and use of $2.9MM of carryforward to balance E&G General Fund
budget ($1.4MM insitutional reserve and $1.5MM academic enhancement).
FY 2014-2015 (Current Year) Salary and Benefit
Highlights
Salaries, Wages, and Benefits:
•
Overall increase from prior year of $8.8MM (budget includes $1.5MM use of CF funds
asset reduction plan or other planned use)
URNA net
•
Restoration of 7 faculty positions (VRIP) which were frozen in FY 2013-2014
•
Restoration of 11 faculty positions (non-VRIP) which were frozen in FY 2013-2014
•
29 tenure track positions filled (left vacant or filled by temps in FY 2013-2014)
•
Addition of 5.96 FTE (4.88 faculty, .08 Non-represented, and 1.0 SCUPA)
•
Removal (freeze) of 6 faculty positions (no associated budget)
•
Removal (freeze) of 1 AFSCME and 3 non-represented positions (no associated budget)
•
Increase in sick and annual leave payout projections as FY 2014-15 is last year of most CBAs
FY 2014-2015 (Current Year) Salary and Benefit
Highlights (cont).
Salaries
APSCUF
AFSCME
Nonrepresented
SCUPA
Coaches
SPFPA
OPEIU
FY 2014-15 Mandated Salary/Benefit Increases Highlights:
Compounded Impact (Steps/GPI)
4.55% - 7.10%
4.87%
3.50%
4.04%
4.16%
2.25%
3.48%
Benefits
Healthcare-PEBTF Plan (AFSCME, SCUPA)
Healthcare-Indemnity/HMO/PPO (APSCUF, Nonrep, OPEIU, SPFPA, Coaches)
Annuitant Hospitalization-AFSCME
Retirement:
SERS (Class AA (vast majority of employees)
PSERS
% Increase
7.06%
(1.64%)/5.01%/4.25%
9.51%
31.75%
26.33%
FY 2014-2015 (Current Year) Transfer Highlights
Transfers :
•
Includes:
• $1.7MM use of CF funds as part of the URNA reduction plan
• Second Street duct work capital project ($1.1MM)
• Phone switch equipment ($567K)
•
$1.2MM for debt service
•
$1.4MM for planned transfers to plant (capital infrastructure/annual renewal commitment,
maintenance of plant contingency reserve, planned project transfers, etc.). NOTE: Planned
transfers to plant reduced by $1.0MM for FY 2014-2015 to help balance the E&G General Fund
budget.
FY 2014-2015 (Current Year)
E&G Budget Projection-Revenue/Sources
Summary
FY 2014-15 E&G Revenue/Sources
Use of Carryforward Fund
Balance; $10,248,234 ;
7%
Transition Funds/All Other
Revenue; $4,683,727 ; 3%
State Appropriation;
$32,870,585 ; 23%
Tuition and Fees
Tuition and Fees;
$97,028,641 ; 67%
State Appropriation
Transition Funds/All Other Revenue
Use of Carryforward Fund Balance
FY 2014-2015 (Request Year)
E&G Budget Projection-Planned Use of CF Detail
FY 2014-15 Planned Use of Carryforward Detail
Transfers; $1,673,699 ;
16%
Balance E&G General
Fund Budget;
$2,912,579 ; 28%
Capital ; $1,201,865 ;
12%
Services and Supplies;
$2,931,149 ; 29%
Balance E&G General Fund Budget
Salaries and Benefits;
$1,528,942 ; 15%
Salaries and Benefits
Services and Supplies
Capital
Transfers
FY 2014-2015 (Current Year)
E&G Budget Projection-Expenditures and Transfers
Summary
FY 2014-15 E&G Expenditures & Transfers
Capital Expenditures;
$2,887,852 ; 2%
Transfers; $4,012,249 ; 3%
Services, Supplies, and
Utilities; $29,923,819 ; 21%
Salaries and Benefits;
$108,007,267 ; 74%
Salaries and Benefits
Services, Supplies, and Utilities
Capital Expenditures
Transfers
FY 2014-2015 Institutional Reserve Impact
•
Institutional reserve provides the university a short term option to balance the E&G
General Fund budget while longer term options are being reviewed
•
Uncommitted balance in institutional reserve at 6/30/14 = $12.05MM; Used $1.41MM
to help balance FY 2014-2015 E&G General Fund budget; Remaining uncommitted
balance = $10.64MM
•
Longer term budget balancing strategies (FY 2015-2016 and beyond):
•
•
•
•
Academic workforce planning and program cost review
Support programs review and prioritization
Net revenue generation initiatives: targeted enrollment increases (new and continuing);
potential pricing pilots (tuition and fees)
Labor cost improvement initiatives
FY 2015-2016 Key Assumptions
Tuition and Fees:
•
•
•
•
•
•
Annualized FTE enrollment increase of 0.1% over prior year
0.0% Tuition increase
0.0% Technology Tuition Fee increase
0.0% Academic Enhancement Fee increase
0.0% Transportation Fee increase
Miscellaneous fees align with FY 2014-2015 projections
State Appropriation (Includes Performance Funding)
•
$32,731,312 (figure provided by PASSHE and is $139,273 less than FY 2014-15 projection)
All Other Revenue:
•
All other revenue generally consistent with FY 2014-15 projections adjusted for known variances
Compensation:
•
Full complement (assumes all vacancies will be filled); salary/wage and benefit increases as per
PASSHE assumptions; NOTE: salary and wage increases assumed at 0.0% increase
Services, Supplies, Utilities, and Capital Expenditures:
•
•
•
Continued reduction in base budgets
CPI increases included where appropriate
Other anticipated increases included (ACT 101/EOP institutional scholarship program, university
share of capital campaign expenses, etc.)
Transfers
•
New debt service included = Steam plant upgrade
FY 2015-2016 (Request Year)
E&G Fund (General, Special Programs, Self-Supporting) Budget Projection
Educational and General Fund (General, Special
Programs, Self-Supporting)
E&G Revenue/Sources
Tuition
Fees
Total Tuition and Fees
State Appropriation
All Other Revenue
Use of Carryforward Fund Balance
FY 2015/16
$
$
Total Revenue/Sources
$
E&G Expenditures and Transfers
Compensation Summary:
Salaries and Wages
Benefits
Subtotal, Compensation
$
81,227,239
16,038,681
97,265,920
32,731,312
4,375,801
1,225,455
135,598,488
$
72,571,514
38,346,150
110,917,664
Services and Supplies 1
Capital Expenditures
Transfers
Total Expenditures and Transfers
$
27,611,698
1,665,816
3,916,883
144,112,061
Revenues/Sources less Expenditures/Transfers 2, 3
$
(8,513,573)
1
2
3
Includes student financial aid (non-employee waivers and institutional
scholarships) and utilities.
Projected Deficit is in E&G General Fund ; Special Programs/Self-Supporting
Funds Are Balanced
Inclusive of the following budget improvement initiatives: E&G General Fund
Base Operating and Capital Budget Allocation Reduction-15% Overall ($1.2MM);
Academic Enhancement Fee Contribution to E&G General Fund Operations
($600K); Tech Tuition Fee Contribution to E&G General Fund Operations ($445K);
and Transportation Fee Increase ($93K).
FY 2015-2016 (Request Year) Salary and Benefit
Highlights
Salaries, Wages, and Benefits:
•
Overall increase from prior year of $2.9MM (budget includes $399K use of CF funds URNA net asset
reduction plan or other planned use)
•
Restoration of 6 faculty positions which were frozen in FY 2014-2015
•
Restoration of 1 AFSCME and 3 non-represented positions which were frozen in FY 2014-2015
•
Filling of vacant tenure lines as permanent (20)
•
Decrease in sick and annual leave payout projections
FY 2015-2016 (Request Year) Salary and Benefit
Highlights (cont.)
Salaries
APSCUF
AFSCME
Nonrepresented
SCUPA
Coaches
SPFPA
OPEIU
FY 2015-16 Salary/Benefit Budget Assumption Increases Highlights:
Compounded Impact (Steps/GPI)
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Benefits
Healthcare-PEBTF Plan (AFSCME, SCUPA)
Healthcare-Indemnity/HMO/PPO (APSCUF, Nonrep, OPEIU, SPFPA, Coaches)
Annuitant Hospitalization-AFSCME
Retirement:
SERS (Class AA (vast majority of employees)
PSERS
Per PASSHE Assumptions-Updated 8/27/14
% Increase
6.59%
7.0%/7.0%/7.0%
16.17%
25.05%
21.03%
FY 2015-2016 (Current Year) Transfer Highlights
Transfers :
•
Includes:
•
$1.5MM for debt service
•
$2.7MM for planned transfers to plant (capital infrastructure/annual renewal commitment,
maintenance of plant contingency reserve, planned project transfers, etc.). NOTE: $1.0MM
planned plant transfer removed from FY 2014-2015 E&G budget restored.
FY 2015-2016 (Request Year)
E&G Budget Projection-Planned Use of CF Detail
FY 2015-16 Planned Use of Carryforward
Detail
Capital ; $19,829 ; 2%
Services and Supplies;
$806,524 ; 66%
Salaries and Benefits;
$399,102 ; 32%
Salaries and Benefits
Services and Supplies
Capital
FY 2015-2016 Financial Challenge Considerations
Tuition Increase Impact
FY 2015-16 Projected E&G General Fund Deficit Analysis
FY 2015-16 Request Year Challenge-Projected
$
(8,513,573)
Impact of Tuition Increase-Additional Revenue:
3% $
4% $
5% $
6% $
FY 2015-16 Request Year Projected Challenge
After Likely Range of Tuition Increase
2,304,444
3,053,560
3,840,501
4,604,425
$(6,209,129) - $(3,909,148)
FY 2015-2016 Financial Challenge Considerations
Value of One Step Increase for Unionized Employees & 3%
Salary Increase for Non-represented Employees
Value of One Step Increase for Unionized Employees
APSCUF
APSCUF
Faculty
OPEIU
Coaches
SPFPA SCUPA
AFSCME
Total
Step
$ 187,565 $ 494,009 $
30,783 $ 13,834 $ 13,742 $ 29,242 $ 769,176
E&G One-Time Cash Payment
56,055
324,941
N/A
29,109
410,105
General Social Security
18,637
60,486
2,355
1,058
1,051
4,464
88,052
Fund Retirement
44,611
110,584
4,301
2,494
2,937
10,189
175,116
Total
$ 306,869 $ 990,021 $
37,439 $ 17,386 $ 17,729 $ 73,004 $ 1,442,449
For informational purposes only. This does not reflect the bargaining position of either side of the negotiating parties.
Value of 3% Salary Increase for Non-represented
Employees
3% Salary Increase
$ 250,000
E&G
Social Security
19,125
General
Retirement
35,000
Fund
Total
$ 304,125
For illustrative purposes only.
FY 2015-2016 Financial Challenge Considerations
Retirement Analysis
# Eligible to Retire 1
AFSCME
APSCUF-Faculty
APSCUF-Coaches
Management
SCUPA
SPFPA
1
2
35
44
1
18
2
1
Average Savings 2
$19,441
48,861
40,209
16,082
27,029
24,752
Current employees with 25 or more years of service.
Replacement cost based on 2014 salary table at entry level.
June 30, 2014
Unrestricted Net Assets Summary
•
6/30/14 - $35.25MM excess unrestricted net assets as defined by University Financial
Health Indicators per PASSHE BOG Policy 2011-01-University Financial Health
•
Majority, $21.38MM, resides in E&G plant fund for maintenance and repair work,
multi-year capital projects, and reserves
•
Spending plans for E&G excess unrestricted net asset balances obtained from
President/VPs/AVPs/Deans
•
FY 14/15 – Plan to expend $7.34MM plus $2.91MM to cover projected FY 14/15
shortfall; Total = $10.25MM
•
FY 15/16 – Plan to expend $1.23MM
•
Subject to change pending the results of ongoing strategic enrollment management
efforts, master plan implementation, and the evaluation of financial sustainability of
university programs and services
Reserves
Cover
Projected FY
Multi14/15
Year/Strategic
Planning
Seed Money Shortfall
Total
Designated for Educational & General Activities:
6/30/14 Excess
E&G
Unrestricted
Net Asset
Concentration
FY 2014 Residual Budget Carryforwards:
President
Academic Affairs
Administration
Student Affairs
University Advancement
Total FY 2014 Residual Budget Carryforwards
$
Academic Enhancement
$
Mailroom/Custodial Relocation/Renovation
Health Care Reserves
Balance FY 2015 E&G Budget
Total Institutional Reserves
$
$
Technology Fee
$
-
Office of Technology/Telecommunication
$
PEPSI Bonus-Trustee Scholarships
$
60,000 $
86,826
50,000
49,943
246,769 $
-
11,219 $
$
655,149
311,316
147,985
243,755
84,210
1,142,318 $ 311,316 $
-
$
$
71,219
1,053,291
197,985
243,755
134,153
1,700,403
$
4,095,306 $
-
$ 1,500,000 $
5,595,306
$
475,366
475,366 $
120,000 $
120,000 $
-
$
$
1,412,579
$ 1,412,579 $
120,000
475,366
1,412,579
2,007,945
$
848,490 $
-
$
-
$
848,490
-
$
973,699 $
-
$
-
$
973,699
$
-
$
198,375 $
-
$
-
$
198,375
Sustainability Initiatives
$
-
$
241,451 $
-
$
-
$
241,451
FY 2014 Carryforward - Other Uses
$
-
$
712,690 $
-
$
-
$
712,690
Total Designated for Educational & General Activities
$
722,135 $
8,332,329 $ 311,316 $ 2,912,579 $
12,278,359
Designated for E&G Plant Activities:
Unrestricted E&G Plant Funds
$ 1,406,130 $
19,977,952 $
-
$
-
$
21,384,082
Total Designated for E&G Plant Activities
$ 1,406,130 $
19,977,952 $
-
$
-
$
21,384,082
Grand Total
$ 2,128,265 $
28,310,281 $ 311,316 $ 2,912,579 $
33,662,441 *
* The remaining net assets in excess of 10%, $1,584,931, are comprised of numerous smaller balances within the E&G designated fund (special pgms and selfsupporting).
June 30, 2014 Unrestricted Net Assets-E&G Plant
Activities
6/30/14 Unrestricted Net Assets Designated for E&G Plant Activities (Net of Encumbrances)
Maintenance and Repair
1,269,819
Capital Projects:
Waller Expansion
Relocate Phone Switch/Computing Backup/Police to Andruss Library-Construction
Relocate Phone Switch/Computing Backup/Police to Andruss Library-Equipment
Pedestrian Bridge
Academic Renovations
Other
Total Capital Projects
$
$
11,060,000
4,122,317
1,747,861
851,954
315,848
610,153
18,708,133
Contingency Reserve
$
1,406,130
Total Designated for E&G Plant Activities
$
21,384,082
E&G Budget Summary-FY 2013-2014 Through FY 2015-2016
Educational & General Budget
1
2
Percent
FY 2015/16
Change
$81,227,239
0.2%
16,038,681
0.4%
32,994,559
0
4,879,160
32,870,585
140,000
4,543,727
-0.4%
n/a
-6.9%
32,731,312
0
4,375,801
-0.4%
-100.0%
-3.7%
0
$131,974,746
10,248,234
$144,831,187
n/a
9.7%
1,225,455
$135,598,488
-88.0%
-6.4%
Expenditures and Transfers
Compensation Summary:
Salaries & Wages
Benefits
Subtotal, Compensation
Student Financial Aid
Utilities
Other Services & Supplies
Subtotal, All Services and Supplies
Capital Expenditures & Transfers
Total Expenditures and Transfers
$68,510,723
30,647,582
$99,158,305
2,498,608
2,883,325
18,568,803
$23,950,736
6,186,635
$129,295,676
$72,923,633
35,083,634
$108,007,267
2,783,449
2,843,376
24,296,994
$29,923,819
6,900,101
$144,831,187
6.4%
14.5%
8.9%
11.4%
-1.4%
30.8%
$72,571,514
38,346,150
$110,917,664
2,683,245
2,900,244
22,028,209
$27,611,698
5,582,699
$144,112,061
-0.5%
9.3%
2.7%
-3.6%
2.0%
-9.3%
$2,679,070
$0
Revenue/Sources less
Expenditures/Transfers
FY 2013/14
$79,363,520
14,737,507
Percent
FY 2014/15
Change
$81,053,196
2.1%
15,975,445
8.4%
Revenue/Sources
Tuition
Fees
State Appropriation 1
Transition Funds
All Other Revenue
Planned Use of Carryforward 2
Total Revenue/Sources
11.5%
12.0%
-19.1%
-0.5%
($8,513,573)
FY 2014/15 does not include final performance funding allocation.
FY 2014/15 - $2,912,579 to balance E&G General Fund budget, $7,335,655 unrestricted net asset reduction plan or other planned
use of carryforward; $10,248,234 total; FY 2015/16-$1,225,455 unrestricted net asset reduction plan or other planned use of
carryforward; $1,225,455 total
E&G Budget Summary-FY 2013-2014 Through FY 2015-2016
Board of Governors’ Submission
Educational & General Budget
Revenue/Sources
Tuition
Fees
State Appropriation
Transition Funds
All Other Revenue
FY 2013/14
$79,363,520
14,737,507
1
Planned Use of Carryforward
Total Revenue/Sources
2
Expenditures and Transfers
Compensation Summary:
Salaries & Wages
Benefits
Subtotal, Compensation
Student Financial Aid
Utilities
Other Services & Supplies
Subtotal, All Services and Supplies
Capital Expenditures & Transfers
Total Expenditures and Transfers
Revenue/Sources less
Expenditures/Transfers
1
Percent
Change
FY 2014/15
2.1%
$81,053,196
8.4%
15,975,445
Percent
FY 2015/16
Change
$81,227,239
0.2%
16,038,681
0.4%
32,994,559
0
4,879,160
32,870,585
140,000
4,543,727
-0.4%
n/a
-6.9%
32,731,312
0
4,375,801
-0.4%
-100.0%
-3.7%
0
$131,974,746
10,248,234
$144,831,187
n/a
9.7%
4,138,034
$138,511,067
-59.6%
-4.4%
$68,510,723
30,647,582
$99,158,305
2,498,608
2,883,325
18,568,803
$23,950,736
6,186,635
$129,295,676
$72,923,633
35,083,634
$108,007,267
2,783,449
2,843,376
24,296,994
$29,923,819
6,900,101
$144,831,187
6.4%
14.5%
8.9%
11.4%
-1.4%
30.8%
$72,571,514
38,346,150
$110,917,664
2,683,245
2,900,244
22,028,209
$27,611,698
5,582,699
$144,112,061
-0.5%
9.3%
2.7%
-3.6%
2.0%
-9.3%
$2,679,070
$0
11.5%
12.0%
-19.1%
-0.5%
($5,600,994)
FY 2014/15 does not include final performance funding allocation.
2
FY 2014/15 - $2,912,579 to balance E&G General Fund budget, $7,335,655 unrestricted net asset reduction plan or other planned
use of carryforward; $10,248,234 total; FY 2015/16 - $2,912,579 carryover from prior fiscal year (amount needed to balance),
$1,225,455 unrestricted net asset reduction plan or other planned use of carryforward; $ total $4,138,034.
E&G Budget Summary-FY 2013-2014 Through FY 2015-2016
(cont.)
Annualized FTE Enrollment
In-State Undergraduate
Out-of-State Undergraduate
In-State Graduate
Out-of-State Graduate
Total FTE Enrollment
Percent
Change
-0.7%
-0.8%
-1.3%
-4.8%
-0.8%
FY 2013/14
7,959.43
1,087.34
498.67
87.96
9,633.40
FY 2014/15
7,906.23
1,078.33
492.13
83.75
9,560.44
FY 2013/14
503.63
329.64
100.82
52.13
56.37
1,042.59
FY 2014/15
Change
508.51
4.88
329.64
0.00
100.90
0.08
53.13
1.00
56.37
0.00
1,048.55
5.96
FY 2015/16
7,911.67
1,079.20
491.25
84.58
9,566.70
Percent
change
0.1%
0.1%
-0.2%
1.0%
0.1%
E&G FTE Employees
Faculty
AFSCME
Nonrepresented
SCUPA
All Other
Total Budgeted FTE Employees
FY 2015/16
Change
508.51
0.00
329.64
0.00
100.90
0.00
53.13
0.00
56.37
0.00
1,048.55
0.00
PASSHE
Key Ongoing
Challenges
• Unlikely return of State appropriation to former levels
• Stagnant enrollment demographics/statewide high school seniors
trending down
• Increased fixed costs in salaries/benefits (hospitalization, retirement,
etc.)
• Funding for facilities renewal
• PASSHE institutions retrenching faculty, furloughing
staff/administrators, and eliminating programs
• Unfunded liabilities for post-retirement health benefits and pensions
Meeting the Challenge