Update for 2017-18
Strategic Budget Committee Sept. 28, 2017 2-3 p.m., University Center Living Room
Update for 2017-18
Agenda Budget Basics Review Current Year Budget Update Outlook
Significant Events Since Last We Met • Legislature passed and Governor signed 2017-18 state budget containing a $179.2 million base increase for the CSU. • CSUMB received $5.25M in new base general fund support from CO 2017-18 budget distribution. • CSUMB was funded for 200 CA resident FTE students thus reducing the unfunded enrollment by approximately 30%. • CSUMB also received $260K in one-time funds for Grad. Initiative and $517K in lottery funds (double that of ‘16-17).
2017-18 Operating Fund Summary (Revenue) 2016-17 Final Revised Budget Revenue 2017-18 Gen’l Fund Support Increase Tuition Increase and Other Tuition Adj. MSF Transfer Out of Operating Fund 2017-18 Operating Fund Revenue
$107,421,512 5,247,000 2,598,287 (620,676) $114,646,123
2017-18 Operating Fund Summary (Expenditure) 2016-17 Final Revised Budget Expenditures CO Identified Mandatory Cost Increases Divisional Cost Increases, Reductions, SUG Increase, Restore Campus Initiatives MSF Transfer Out of Operating Fund 2017-18 Operating Fund Expenditures
$112,209,111 3,243,627
1,119,465 (620,676) $115,951,527
Where We Are Now 2017-18 CSUMB Operating Fund Budget Summary as of September 24, 2017
2016-17 Final Budget Revenues New 2017-18 Revenues and Adjustments Total 2017-18 Revenues
$107,421,512 7,224,611 $114,646,123
2016-17 Final Budget Expenditures 2017-18 Increases Total 2017-18 Expenditures
$112,209,111 3,742,416 $115,951,527
2017-18 Revenues Over (Under) Expenditures
($1,305,404)
2017-18 CSUMB Estimated Enrollment Planned enrollment to hold steady in 2017-18 at 2016-17 actual level CA Resident FTES Non-Resident FTES Total FTES
6,323 326 6,649
CA Resident Headcount Non-Resident Headcount Total Headcount
6,687 335 7,022
CSUMB Enrollment - California Resident FTES
Funded
Unfunded
Total
2014-15 5,017 904 5,921 2015-16 5,519 811 6,330 2016-17 5,636 687 6,323 2017-18 5,836 487 6,323 Note: 2017-18 Unfunded and Total are estimated. At census, fall 2017 CA resident enrollment was 96 FTES lower than that of fall 2016,with non-resident FTES being approximately the same as in 2016.
Online Resources • CSUMB Budget Office https://csumb.edu/finance/budget-office • CO (System) Budget Office https://www2.calstate.edu/csu-system/about-thecsu/budget/Pages/default.aspx
Questions? Thank You!
Update for 2017-18
Agenda Budget Basics Review Current Year Budget Update Outlook
Significant Events Since Last We Met • Legislature passed and Governor signed 2017-18 state budget containing a $179.2 million base increase for the CSU. • CSUMB received $5.25M in new base general fund support from CO 2017-18 budget distribution. • CSUMB was funded for 200 CA resident FTE students thus reducing the unfunded enrollment by approximately 30%. • CSUMB also received $260K in one-time funds for Grad. Initiative and $517K in lottery funds (double that of ‘16-17).
2017-18 Operating Fund Summary (Revenue) 2016-17 Final Revised Budget Revenue 2017-18 Gen’l Fund Support Increase Tuition Increase and Other Tuition Adj. MSF Transfer Out of Operating Fund 2017-18 Operating Fund Revenue
$107,421,512 5,247,000 2,598,287 (620,676) $114,646,123
2017-18 Operating Fund Summary (Expenditure) 2016-17 Final Revised Budget Expenditures CO Identified Mandatory Cost Increases Divisional Cost Increases, Reductions, SUG Increase, Restore Campus Initiatives MSF Transfer Out of Operating Fund 2017-18 Operating Fund Expenditures
$112,209,111 3,243,627
1,119,465 (620,676) $115,951,527
Where We Are Now 2017-18 CSUMB Operating Fund Budget Summary as of September 24, 2017
2016-17 Final Budget Revenues New 2017-18 Revenues and Adjustments Total 2017-18 Revenues
$107,421,512 7,224,611 $114,646,123
2016-17 Final Budget Expenditures 2017-18 Increases Total 2017-18 Expenditures
$112,209,111 3,742,416 $115,951,527
2017-18 Revenues Over (Under) Expenditures
($1,305,404)
2017-18 CSUMB Estimated Enrollment Planned enrollment to hold steady in 2017-18 at 2016-17 actual level CA Resident FTES Non-Resident FTES Total FTES
6,323 326 6,649
CA Resident Headcount Non-Resident Headcount Total Headcount
6,687 335 7,022
CSUMB Enrollment - California Resident FTES
Funded
Unfunded
Total
2014-15 5,017 904 5,921 2015-16 5,519 811 6,330 2016-17 5,636 687 6,323 2017-18 5,836 487 6,323 Note: 2017-18 Unfunded and Total are estimated. At census, fall 2017 CA resident enrollment was 96 FTES lower than that of fall 2016,with non-resident FTES being approximately the same as in 2016.
Online Resources • CSUMB Budget Office https://csumb.edu/finance/budget-office • CO (System) Budget Office https://www2.calstate.edu/csu-system/about-thecsu/budget/Pages/default.aspx
Questions? Thank You!
