ASCSU Tony Frank October 2010 Draft FY12 Budget Presentation.

ASCSU

Tony Frank

October 2010

Draft FY12 Budget Presentation

Take Away Messages from HESP2010: Colorado is an extraordinarily low public support state with relatively low tuition.

(Note: the tuition bar on these tables an average of all types of Colorado public higher education and is much smaller relative to peers for the research universities alone.)

CU – 22% higher; CCHE Peers – 44%

Take Away Messages: the amount we receive to educate a student has been held remarkably constant over 2 decades – we have controlled costs; what has changed is that 20 years ago we all chipped in to cover 2/3 the cost of an education, and now the individual family pays for 2/3 the cost. In short, we have been privatizing public higher education – we’ve just been doing it slowly and quietly.

RevenuesUnbudgeted FY11 Enrollment Growth $1.9MFuture Revenue Contingency Reserve $1.5M (Net of FY11 Bridged Reduction)

Miscellaneous $0.5MTuitionState Funding – ARRA ($16.6M)Additional State CutsSUBTOTAL: ($23.7M)

ExpensesMandatory Costs $4.2M (FA Program Inflation)

Financial Aid $6.2MSalaries $0.3M (Promotions)

Pre-Existing Commitments $5.3MUnit Expense Reductions (Differential Tuition?)

SUBTOTAL: $16.0M

NET: ($39.7M)Tuition: $18.7M (Full-time = 12 SCH, 3% NR, 5% Graduate) [9% resident UG is $8M]Unit Cuts: $23.0M (10%; 33% funding loss; 42.3% total cuts)

($11.0M )

FY12 Draft Incremental Education & General Fund BudgetColorado State University

Institution FA10 Full-Time SCH •Adams State College 12 •Colorado School of Mines 15 •Colorado State University 10 •Colorado State University - Pueblo 12 •Fort Lewis College 10

•Mesa State College 12 •Metropolitan State College of Denver 12 •University of Colorado - Health Sciences * •University of Colorado at Boulder 11 •University of Colorado-Colorado Springs * •University of Colorado Denver 12-18 •University of Northern Colorado 12-16 •Western State College 12

Credit Hour Gap: How CSU Compares in Colorado

http://busfin.colostate.edu/finstmt/finacct09.pdf

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