Table of Contents Budget Overview ....................................................................................................................................... State Budget Appropriations History ....................................................................................................... Significant Components of the FY 2016 Budget ..................................................................................... E & G Budget Part I – Projected Revenues and Expenditures .............................................................. Reserve Fund Estimate ............................................................................................................................ Resident Student Tuition and Fees .......................................................................................................... Non-Resident Student Tuition and Fees ................................................................................................. Mandatory Fees ....................................................................................................................................... Financial Assistance – New Initiatives ................................................................................................... Estimated Minimum Total Cost of Degrees ............................................................................................ Annual Tuition and Fee Comparison – Resident Undergraduate Student ........................................... 1-6 7 8-9 10 11 13 14 15 16 17 18 Cameron University enters the 2015 – 2016 academic year having completed the second year of the ambitious goals set forth in Plan 2018: Values Driven, Action Oriented. This five-year strategic plan uses the university core values to guide the actions and initiatives of every member of the faculty, staff, and administration of Cameron University to build upon over a century of excellence. These are Cameron’s driving values: • • • • • • Value One: Value Two: Value Three: Value Four: Value Five: Value Six: Student Learning Excellence in Teaching, Scholarship, Service, and Mentoring Leadership in our Community and Region Shared Governance Diversity Responsible Stewardship of Public and Private Resources, the Public Trust, and Cameron’s Future 1 The actions and initiatives to advance the Core Values for 2015 – 2016 are grouped by the following themes: Access; Affordability; Accountability; Attainment; and Engagement. Access – Provide high school graduates and transfer students from southwest Oklahoma and beyond the opportunity for a college education o Improve the Prospective Student Experience o Design and construct a new “Front Door” to the university in the Shepler Center for prospective and incoming students with improved wayfinding o Consolidate One Stop and Cashiering to provide a single location for student financial transactions in the McMahon Centennial Complex o Marketing Assessment o Conduct an environmental scan for Comanche and Stephens Counties, the source of two-thirds of the Cameron University student population o Evaluate degree program effectiveness, market reach, and financial aid distribution against specific student profile types o Conduct a Summer Placement Boot Camp to improve college readiness prior to the start of the first Fall semester for new entering students o Offer freshman-only sections of large enrollment courses with high rates of grades of D, F, AW, and W and use specifically selected and trained faculty and support staff 2 Affordability – Maintain quality learning experiences for a modest financial outlay by managing costs and by providing outstanding opportunities for financial assistance o o o o Increase student scholarships and tuition waivers by over $120,000 Maintain competitive tuition and mandatory fee rates Maintain competitive housing and board costs for resident students Provide personalized financial updates to student borrowers with information about total debt, projected monthly payments and repayment terms followed by supplemental financial information resources o Provide additional counseling and financial support for students with strong academic performance after one year but without sufficient course completion to graduate in four years 3 Accountability – Be responsible stewards of resources in our care on behalf of our students, our employees, and our community o Install upgraded Banner and DegreeWorks software modules which will allow the university to manage course demand and optimize use of faculty resources through more accurate forecasting of future course demand o Change entry level faculty salaries to $32,000 for instructors and $44,000 for assistant professors with terminal degrees o Provide a Market, Equity, and Compression Salary Plan for January 2016 conditional upon Fall 2015 enrollment o Modify terms of employment of coaches to more effectively use strengths in the areas of recruiting and motivation and to improve professional development opportunities o Convert the Athletic Trainer position to full time, 12 month duties o Provide Title IX and Violence Against Women Act training and educational programs o Improve energy usage management in response to the 20% by 2020 state mandate o Achieve NCATE/CAEP reaccreditation in Teacher Education by building upon the previous successful visit and exceptional outcome o Meet new accessibility requirements for university communications including all web postings for academic and administrative purposes o Earn certification for interstate delivery of online instruction through the State Authorization Reciprocity Agreement (SARA) 4 Attainment – Assist each student to meet his or her aspirational goals for a degree, certificate, or course completion o Target transfer student markets to replenish upper division courses after smaller entering freshman classes in Fall 2012, Fall 2013, and Fall 2014 by focusing staff resources and by the addition of a new staff position to serve as a transfer specialist o Assess student psychosocial attributes and apply appropriate interventions to improve resilience and “grit” o Design and implement a four year degree completion incentive program o Provide engaging and effective facilities o Communicate and celebrate the opening of the Office of Teaching and Learning within newly remodeled Burch Hall o Construct a privately funded Gross Anatomy Laboratory in support of biology, allied health and pre-nursing programs o Construct the privately funded Terry Bell Golf Center in support of student athletes participating in men’s or women’s golf 5 Engagement – Support our students, our employees and our communities for the educational, cultural, and economic advancement of southwest Oklahoma and beyond o Open a Psychology Counseling Clinic to provide supervised instruction and experiential learning opportunities for psychology graduate students while providing needed community mental health support o Join the Oklahoma Manufacturers Alliance in support of the Cameron University Engineering Program o Increase funding support for the Student Civic Engagement Mini-Grant program Cameron University remains fully committed to increasing and improving student success and student learning inside and outside the classroom while continuing to be an engaged partner with common education, business, industry, civic and government organizations. Each initiative reflects that commitment to impact every student. Cameron University: Dedicated to the educational, cultural, and economic advancement of the communities we serve 6 7 Student Learning and Student Success • Open a Psychology Counseling Center $144,000 • Persistence and Completion initiatives $ 87,000 • Construct the Terry Bell Golf Center $150,000 • Student Scholarships and Resident Tuition Waivers $120,000 8 Support and Retain High Quality Faculty and Staff • Increase Faculty Starting Salaries $ 75,000 • 2 New Support Positions $106,000 • Reclassify Duties of Most Coaches $140,000 • Merit based, Enrollment driven Salary Plan $200,000 • Mandatory Cost Increases o Workers Compensation o Risk Management $100,000 9 Projected Revenue State Appropriations Student Tuition & Fees FY 15-16 $21,021,333 28,089,869 Gifts and Grants 863,251 Other Income 256,825 Total Revenue $50,231,278 Projected Expenditures Instruction FY15-16 $25,527,155 Research 198,414 Public Service 358,054 Academic Support 2,651,402 Student Services 5,023,347 Institutional Support 4,550,487 Physical Plant 6,967,667 Scholarships 5,539,000 Total $50,815,526 10 Reserve Balance July 1, 2015 Projected Revenue Budgeted Expenditures Reserve Balance June 30, 2016 Reserve Percentage June 30, 2016 $4,391,187 50,231,278 50,815,526 $3,806,939 7.5% 11 12 Total Tuition and Fees for Typical Undergraduate 12 Credit Hour Schedule 9 Credit Hour Graduate Schedule Current Tuition and Fees 2015-16 Tuition and Fees Credit Hours Tuition Fees Total Tuition Fees Total Difference Undergraduate 12 $124.00 $54.00 $2,136.00 $132.00 $54.00 $2,232.00 $ 96.00 Graduate 9 $159.00 $54.00 $1,917.00 $169.00 $54.00 $2,007.00 $ 90.00 Total Tuition and Fees for Typical Undergraduate 24 Credit Hour Schedule 18 Credit Hour Graduate Schedule Current Tuition and Fees 2015-16 Tuition and Fees Credit Hours Tuition Fees Total Tuition Fees Total Difference Undergraduate 24 $124.00 $54.00 $4,272.00 $132.00 $54.00 $4,464.00 $192.00 Graduate 18 $159.00 $54.00 $3,834.00 $169.00 $54.00 $4,014.00 $180.00 13 Total Tuition and Fees for Typical Undergraduate 12 Credit Hour Schedule 9 Credit Hour Graduate Schedule Current Tuition and Fees Credit Hours Tuition Fees Undergraduate 12 $392.00 $54.00 Graduate 9 $479.00 $54.00 Total 2015-16 Tuition and Fees Tuition Fees Total Difference $5,352.00 $419.00 $54.00 $5,676.00 $324.00 $4,797.00 $509.00 $54.00 $5,067.00 $270.00 Total Tuition and Fees for Typical Undergraduate 24 Credit Hour Schedule 18 Credit Hour Graduate Schedule Credit Hours Current Tuition and Fees Tuition 2015-16 Tuition and Fees Fees Total Tuition Fees Total Difference Undergraduate 24 $392.00 $54.00 $10,704.00 $419.00 $54.00 $11,352.00 $648.00 Graduate 18 $479.00 $54.00 $9,594.00 $509.00 $54.00 $10,134.00 $540.00 14 Fee Description Student Technology Library Automation and Materials Assessment Academic Records Student Facility Student Activity* Cultural and Lectureship Total Fees FY15-16 $16.50 5.75 3.50 3.00 14.00 10.00 1.25 $54.00 *Includes Student Government Fee of 15¢ 15 16 Associate Level Degree (64 Semester Hours over 4 Semesters) Oklahoma Resident Degree Costs Tuition and Mandatory Fees Housing and Board Textbooks and Course Materials Minimum Cost of Degree Commuter $11,904 $2,240 $14,144 Campus Resident $11,904 $9,776 $2,240 $23,920 Nonresident Commuter $30,272 $2,240 $32,512 Campus Resident $30,272 $9,776 $2,240 $42,288 Baccalaureate Level Degree (124 Semester Hours over 8 Semesters) Oklahoma Resident Degree Costs Tuition and Mandatory Fees Housing and Board Textbooks and Course Materials Minimum Cost of Degree Commuter $23,064 $4,340 $27,404 Campus Resident $23,064 $19,552 $4,340 $46,956 Nonresident Commuter $58,652 $4,340 $62,992 Campus Resident $58,652 $19,552 $4,340 $82,544 Masters Level Degree (33 Semester Hours over 4 Semesters) Oklahoma Resident Degree Costs Tuition and Mandatory Fees Housing and Board Textbooks and Course Materials Minimum Cost of Degree Commuter $7,359 $1,155 $8,514 Campus Resident $7,359 $9,776 $1,155 $18,290 Nonresident Commuter $18,579 $1,155 $19,734 Additional charges may apply depending upon selection of specific courses or degree programs Campus Resident $18,579 $9,776 $1,155 $29,510 17 18