Board of Trustees
May 21, 2012
Operating Budget
Fiscal Year 2013
1
Discussion
‣ Background
– State funding of Higher Education and impact on CSM
– Revenue/Expense History
‣ Fiscal Year 2013 Budget
– Current Unrestricted Fund
– Designated, Restricted and Endowment Funds
– CSM Foundation Budget
2
Higher Education Funding
3
CSM State Funding
4
Revenue History
5
Expense History – By Function
6
Expenses by Type
7
Fiscal Year 2013 Budget
– Current Unrestricted Fund
– Designated, Restricted and Endowment Funds
– CSM Foundation Budget
8
Fiscal Year 2013 Proposed Budget
Fiscal Year 2013 Budget Proposal
Current Unrestricted
Current Restricted
Fund
Designated Fund
Fund
Endowment and
Loan Fund
Revenue
$
149,600,000
$ 14,500,000
$
74,100,000
$
1,100,000
$ 239,300,000
Expense
$
149,400,000
$ 10,500,000
$
69,200,000
$
300,000
$ 229,400,000
Net Activity
$
200,000
$
$
4,900,000
$
800,000
$
4,000,000
Total
9,900,000
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Current Unrestricted Incremental Budget
Summary
Budget Request Summary
Current Unrestricted Fund
Fiscal Year 2012 Base Budget Surplus
$2,600,000
Revenue Increases
Expense Increases
Net
12,150,000
14,540,000
$210,000
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Current Unrestricted Revenue
‣ Total Revenue projected increase of $12.1 million
Revenue
Base
FY 13
Adjustments
Tuition
88,500,000
State Funds
16,300,000
(500,000)
15,800,000
Continuing Education
2,500,000
500,000
3,000,000
Fees
3,600,000
700,000
4,300,000
Indirect Cost Recoveries
10,000,000
600,000
10,600,000
Undesignated Auxiliaries
13,400,000
1,400,000
14,800,000
Other
3,200,000
Total
137,500,000
9,700,000
FY13 Budget
(300,000)
12,100,000
98,200,000
2,900,000
149,600,000
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Current Unrestricted Expense by Functional
Area
‣ Total Expense projected to increase $14.5 million
Expense
FY 13
Adjustments
Base
FY13 Budget
Instruction
50,500,000
4,400,000
54,900,000
Research
3,500,000
100,000
3,600,000
15,300,000
1,900,000
17,200,000
3,900,000
700,000
4,600,000
Institutional Support
10,800,000
500,000
11,300,000
Operations and Maintenance
19,500,000
1,200,000
20,700,000
Scholarship and Fellowships
12,200,000
2,400,000
14,600,000
Undesignated Auxiliaries
19,200,000
800,000
20,000,000
Academic Support
Student Services
Capital Renewal and Replacement
-
1,500,000
1,500,000
Operating Reserve
-
1,000,000
1,000,000
14,500,000
149,400,000
Total
134,900,000
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Current Unrestricted Fiscal Year 2013
Expense by Type
Expense Increases:
New Academic Faculty (11 TTT; 3 mid-year hires)
Deans for Colleges (3)
New Classified and Non-Academic Staff
Labor Increases - Fringe Benefit Increase/Annualization/
Merit Pool/PERA 2.5% increase
New Buildings Operating and Labor
Resident Financial Aid and Graduate Support – SB003
Non Resident Undergraduate Financial Aid
Non Resident Graduate Support
Other Operating and Miscellaneous
Capital Renewal and Replacement Reserve
Operating Reserve
Total FY 2013 Budget Requests
1,130,000
870,000
1,000,000
4,750,000
460,000
1,030,000
1,520,000
180,000
1,100,000
1,500,000
1,000,000
$14,540,000
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New Academic Faculty Positions
‣ 11 new positions after retirements - $1.1 million
(projection):
 Chemical and Biological Engineering - 1 FTE
 Civil and Environmental Engineering – 1 FTE
 Electrical Engineering and Computer Science – 1 FTE
 Mining Engineering – 1 FTE
 Applied Mathematics & Statistics – 1 FTE
 Petroleum Engineering – 2 FTE
 Physics – 1 FTE
 3 FTE (TTT) other strategic and opportunity hires
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Academic Faculty FTE
Academic Faculty
Headcount
FY07
FY12
FY12
Actual
Budgeted Actual
Tenure/Tenure Track
Teaching Faculty
Total
FY13
Proposed
FY14
Planned
171
202
181
211
220
39
69
58
73
73
210
271
239
284
293
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New Expense Requests
‣ 18.5 new non-academic faculty positions totaling
$2,000,000 (salary and fringe):
 Academic ($1,200,000) – 7 positions
 Student Support ($500,000)– 8 positions
 Research Support ($200,000) – 1.5 positions
 Continuing Education ($100,000) – 1.5 positions
‣ New Building ($300,000) – 7.5 positions Maintenance
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Salary & Benefit Actions
‣ Salary Actions:
 FY 2010 – No classified or across the board faculty salary increases
o $500,000 equity pool set aside; $225,000 utilized
 FY 2011 - No classified or across the board faculty salary increases
o $700,000 equity pool set aside; $600,000 utilized (1.6% of Faculty Salary)
 FY 2012 - No classified or across the board faculty salary increases
o $1,300,000 equity pool set aside (3% of Faculty Salary)
 FY 2013 - No classified or across the board faculty salary increases
o $1,700,000 equity pool set aside (3% of Faculty Salary with benefits)
‣ Benefit Increases:
 FY2012
o Faculty 1.5%
o Classified 5.4%
o 2.5% contribution of PERA reverts back from employee to employer
($1,400,000)
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Undergraduate Financial Aid
18
Graduate Student Support
19
Budget Proposal – Other Funds
Fiscal Year 2013 Budget Proposal
Designated Current Restricted
Fund*
Fund
Revenue
Fees
Grants and Contracts
Auxiliary
Gifts
Other
Total Revenue
Endowment and
Loan Fund
$ 10,800,000
$
61,000,000
$
13,100,000
$ 2,800,000
$
800,000
$ 14,400,000
$
Expense
$ 10,500,000
Net Activity
$
3,900,000
74,100,000
$
$
1,100,000
1,100,000
$
69,200,000
$
260,000
$
4,900,000
$
840,000
*Includes new expenses of $130,000 for 1.83 FTE and operating for new building. See Appendix A for details.
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CSM Foundation Budget
CSM Support*:
Legislative Relations
Federal Legislative Services
Colorado Legislative Services
Travel - CSM Representatives
CSM Alumni Association
General Support
$140,000
$110,000
$6,000
$256,000
$180,000
General CSM Support
CSM President's Discretionary
Marketing
Provost
S.V.P. Finance and Operations
V.P. Student Affairs
V.P. Research and Tech Transfer
CSM Services
Total CSM Support
$400,000
$100,000
$100,000
$10,000
$10,000
$10,000
$630,000
$10,000
$1,076,000
*Still under review – changes possible
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