Oregon State University 2013-14 Budget Overview
Faculty Senate, December 12, 2013
The Oregon State University
a
Our mission is to serve the people of
the State of Oregon, and we have a
presence in every part of the State—
that fact influences our financial
planning, structures, and practices.
How large is the whole institution?
OSU 2013-14 Budgeted Operations: $951.8M total
Cascades
Campus:
1%
Fiscal Year 2014 (in thousands)
Gift
Funds:
7%
Research Funds:
21%
Other
Operations:
5%
Education and
General Funds:
44%
Auxiliary
Enterprises:
15%
Statewide Public
Services:
7%
Education and General Funds:
Statewide Public Services:
Auxiliary Enterprises:
Other Operations:
Research Funds:
Gift Funds:
Cascades Campus:
TOTAL:
Budgeted
Operations
418,193
72,899
141,435
46,299
198,237
65,034
9,656
951,753
Auxiliaries: provide services to students, faculty as
individuals (Athletics, Housing, Student Health)
Other Operations: Service Centers (self-support
providing services to OSU academic community,
Telecom for example); Designated Operations
(self-support with >80% of revenue from external
sources, testing services for example)
In addition, major capital projects:
FY2014 Major Capital Projects ($ in thousands):
Austin Hall
Classroom Building
Student Experience Center
Johnson Hall (construction 2015)
Cultural Centers*
Asian and Pacific Cultural Center
Lonnie B. Harris Black Cultural Center
Centro Cultural César Chávez
Memorial Union Renovation
New Student Residence
Strand Hall Renovation
Cascades Campus Expansion
56,000
65,000
43,600
40,000
TOTAL:
*the new Native American Cultural Center is completed and open
2,400
2,400
2,400
9,178
29,000
24,870
24,000
292,848
Net revenue sources for the FY2014 E&G Budget ($418.2M)
Other funds:
3%
State targeted funding:
4%
F&A recovery
(from grants):
7%
Resident Undergrad
Tuition:
22%
State general funding:
15%
Other tuition and fees:
3%
Non-resident Undergrad
Tuition:
23%
Graduate and
professional tuition:
11%
Ecampus and summer
tuition:
12%
2012-2013 E&G Expenditures by type
Services and Supplies
20%
Capital Outlay
2%
Student Aid
1%
Salaries and OPE
77%
What is the relative contribution of the State?
FY14 State Funding of Various OSU Operations:
Estimated State
Budgeted
or State Agency
Operation:
Operations:
Funding:
% of Category:
E&G Corvallis:
418,193
84,226
20.1%
E&G Cascades Campus:
9,656
3,881
40.2%
Statewide Public Services:
72,899
49,567
68.0%
Athletics:
45,269
440
1.0%
Grants, contracts:
198,237
7,000
3.5%
Other:
207,499
0
0.0%
TOTAL:
951,753
145,114
15.2%
*estimated from FY13 research and sponsored activity awards from the State
Debt Service:
Total Annual
Debt Service
Paid by State: % of Category
40,998
11,831
28.9%
The State of Oregon
remains an important
partner to OSU, but
the relative
contribution of the
State varies
significantly across
the university
The role of tuition in funding the institution has shifted dramatically:
Corvallis E&G Budget Sources,
FY14 and FY04
450,000,000
400,000,000
350,000,000
300,000,000
Other Funds
250,000,000
F&A Recovery
State Funding
200,000,000
Net Tuition and Fees
150,000,000
100,000,000
50,000,000
FY14
FY04
In this year, the budget is
about $14,700 per
student headcount; in
2003-2004 it was $11,100
per headcount in 2003
dollars, or $14,150 in
2014 dollars.
Corvallis Campus FY12, FY13, FY14 Initial E&G Budgets (in 1000s)
450000
400000
350000
300000
250000
FY12 Initial Budget:
200000
FY 13 Initial Budget:
FY14 Initial Budget:
150000
100000
50000
0
Total
Instruction and Research
Service, Support, and
Management
Institutional Management Distribution
Institutional Management Fund Allocations:
Settle up to units (ICR, remissions, etc)
Raises, faculty hires, setup:
Access & Enrollment Management funding:
Foundation, Capital Campaign
Facilities, IT, Research Investments
TRF Funding
Payments outside OSU*
Budget Reserve
Due from Other Funds
Internal Short-Term Loan
Totals:
FY13
11,627,008
11,840,828
3,000,000
3,535,000
5,154,032
7,527,021
11,326,029
(5,132,143)
(14,615,900)
FY14
11,244,748
8,553,871
3,780,000
5,035,000
1,250,000
7,527,021
14,882,252
1,383,077
(6,532,143)
-
34,261,875
47,123,826
*Debt service, payments to OUS, INTO, City, other
Orange shows pools with major academic components
Fund Balance Distribution, Closing FY13
FY12 and FY13 Closing E&G Fund Balances
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
FY12
10,000,000
FY13
(10,000,000)
(20,000,000)
(30,000,000)
(40,000,000)
Academic Colleges
including Cascades
Library, Graduate Facilities and Capital
School, Research, IS
Projects
Administrative,
Finance, Executive
Institutional
Management Fund
Statewide Public
Services
Key FY14 E&G Budget Changes
Some major budget changes in FY14
Salary increases:
New faculty and staff hires:
Access and enrollment management:
OSUF support to finish $1B campaign
Facilities, moves and minor renovation
Change in F&A recovery:
Growth in Graduate Remissions:
INTO revenue to Colleges:
Provost Faculty Match Program:
SWPS support:
Ecampus revenue:
$ (in M)
9.52
3.43
0.78
1.50
1.25
-3.00
2.70
1.70
1.40
2.00
12.30
Outlook and Key Challenges
•
•
•
•
•
•
•
Enrollment and retention: by far the most important
factors in financial health and long-term investment
Governance changes—some known, some still evolving;
biggest changes on the management, financial, and legal
fronts
Research dollars and F&A recovery—challenges for
competitive grants and formula funded programs
Advancing the four-year campus in Bend—a major part of
our role in the State’s 40:40:20 goal and our visibility in the
State
Managing the phase-out of the tuition plateau and the
consequent impact on our students
Finding strategies to make the infrastructure investments
we need while balancing affordability and financial viability
Planning for the Statewide Public Services as State and
Federal funding environments change
• Following slides additional for questions
Penn State
Michigan State
Illinois
Washington
UC Davis
UCLA
UC Berkeley
Washington State
Arizona St.
Arizona
Wisconsin
Purdue
Ohio State
Colorado
Oregon
Colorado State
Oregon State
Iowa State
Utah
NC State
Texas A&M
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
-
Texas A&M
NC State
Utah
Iowa State
Oregon State
Colorado State
Oregon
Colorado
Ohio State
Purdue
Wisconsin
Arizona
Arizona St.
Washington State
UC Berkeley
UCLA
UC Davis
Washington
Illinois
Michigan State
Penn State
2013-2014 Resident Undergraduate Annual Costs
20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
Fees
Resident
2013-2014 Non-Resident Undergraduate Annual Costs
Fees
Non-resident