PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013
Jan 07, 2016
PASSHE Operating Budget
Finance, Administration, and Facilities CommitteeBoard of Governors
July 8, 2013
1999
/200
020
00/0
120
01/0
220
02/0
3 20
03/0
420
04/0
520
05/0
620
06/0
720
07/0
820
08/0
9*20
09/1
0**
2010
/11*
*20
11/1
220
12/1
3 (es
t.)
$0 $200 $400 $600 $800
$1,000 $1,200 $1,400 $1,600 $1,800
E&G Revenue (Constant) E&G Revenue (Nominal)
E&G BudgetDollars in millions
*FY 2008/09 E&G Appropriation is net of midyear budget cuts.**2009/10 and 2010/11 includes ARRA SFSF funds.
1988
/89
18% reduction ($90M)
PASSHE Funding and Enrollment History
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
0
20,000
40,000
60,000
80,000
100,000
120,000
$6
,80
3
$3
,86
4
1983/84 Through 2012/13 (estimated)In 2012/13 Constant Dollars
E&G Appropriation/ FTE Other Revenue/ FTE Total Annualized FTE Total FTE
106,814$14,257
History of Tuition and Average Fees2000/01 – 2012/13
22% less than 2010
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2007/08
2008/09
2009/10
2010/11
2011/12
2012/13
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000 $
3,79
2
$6,
786 $500
$951
$4,
349
$8,
315
$400
$999
Tuition & Tech Fee COT Fees* Room & Board SGA Fees**
*COT Fees include Health Services, Instructional Support and "Other"**SGA Fees include Activity and Recreation and Student Centers
$9,041
$17,051National Average: $17,860National Increase: 112%PASSHE Increase: 89%PSU Average: $26,134PSU Increase: 95%*
Tuition and Average Fees2012/13 by University
22% less than 2010
BL CA CH CL EA ED IN KU LO MA M
I SH SLW
E $0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
$22,000
Tuition & Tech Fee Room & Board Mandatory Fees
*Mandatory Fees Include: Health Services, Instructional Support, Activity, Recreation Center, Student Union, and "Other“ fees.
PASSHE Average: $17,051
Revised Budget ProjectionsDollars in Millions
Note: Numbers may not add due to rounding.
Revenue/Sources 2012/13 2013/14 $ %Tuition $831.1 $825.5 ($5.6) (0.7%)Fees 178.1 177.7 (0.3) (0.2%)State Appropriation 412.8 412.8 0.0 0.0%All Other Revenue 65.6 66.6 1.0 0.0%Use of Carryforward Funds 50.4 30.1 (20.3) (35.3%)Total Revenue/Sources $1,537.9 $1,512.6 ($25.3) (1.6%)
Expenditures & Transfers Salaries & Wages $787.8 $800.4 $12.6 1.6%Benefits 324.9 357.4 32.5 10.0% Subtotal, Compensation $1,112.7 $1,157.7 $45.0 4.0%All Other Expenditures/Transfers 425.1 431.9 6.8 1.6%
Total Expenditures & Transfers $1,537.9 $1,589.6 $51.7 3.4%
Revenue/Sources Less Expenditures/Transfers
$0.0 ($77.0)
1997/98
1998/99
1999/2000
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2007/08
2008/09
2009/10
2010/11
2011/12
2012/13
2013/14
($100)
($50)
$0
$50
$100
$150
Appropriation Change Tuition Rate Increase Unmet Need
FY2011/12 includes the elimination of $20.7 million in line items and $38.1 million in federal ARRA SFSF funds.
E&G Budget Request vs. FundingDollars in Millions
Cost Containment Results
Efforts made in recent years to become more efficient and reduce costs include:• Workforce management--400 fewer funded positions• Streamlining course offerings and academic programs• Consolidated operations--such as electronic library
services, distance education and construction services• Better utilization of technology to improve operations
and student services• Multi-year collaborative procurements• Energy utilization reductionsOver the last 10 years, base budget reductions of $285 million have reduced PASSHE’s budget by 16%.
Projected Retirement Costs20
02/0
320
03/0
420
04/0
520
05/0
620
06/0
720
07/0
820
08/0
920
09/1
020
10/1
120
11/1
220
12/1
320
13/1
420
14/1
520
15/1
620
16/1
720
17/1
820
18/1
920
19/2
020
20/2
120
21/2
2
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
$160,000,000
ARP SERS PSERS
2013/14 E&G cost increasefor SERS and PSERS:
$15 million
45%
36%
SERS Rates as % of Salary
2012/13 10.5%2013/14 15.1%2017/18 31.1%
2011/12 2012/13 2013/14 2014/15
Faculty $ 457.9 $ 477.6 $ 488.8 $ 500.9
AFSCME 111.9 114.1 117.6 123.5
SCUPA 21.9 22.5 23.3 24.3
Nonrepresented 108.0 111.3 114.6 118.6
Other 32.6 33.0 33.9 34.8
Students 22.6 22.6 22.6 22.6
Total Pay $ 754.9 $ 781.2 $ 800.8 $ 824.8
Change ($) $ 26.3 $ 19.6 $ 23.9
Change (%) 3.5% 2.5% 3.0%Not in Original Budget $22.2 $14.0 N/A
Estimated E&G Paythrough Life of Contracts
Dollars in Millions
Balancing the 2013/14 Budget
Tuition Rate Increase (%)
Total Revenue Increase
New Tuition Rate
Tuition Rate Increase ($)
1% $9,014,800 $6,492 $64 2% $18,029,600 $6,558 $130 3% $27,044,399 $6,622 $194 4% $36,059,199 $6,686 $258 5% $45,073,999 $6,750 $322 6% $54,088,799 $6,814 $386 7% $63,103,599 $6,878 $450 8% $72,118,398 $6,942 $514 9% $81,133,198 $7,008 $580
FY2012/13 resident full-time undergraduate tuition rate is $6,428 per academic year.