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11 campus budgets
The document summarizes the basic components and process of campus budgeting. It discusses that revenue comes from sources like appropriations, tuition, fees, and grants. The largest source is tuition, providing 58.7% of revenue. This revenue then goes toward personnel costs like salaries, benefits, and development as well as operational expenses such as facilities, supplies, IT, and equipment. All campuses must maintain cash reserves of 5-7% of their budget. The budget process involves consultation with students, administration drafting a budget, more consultation, and final approval by the board of trustees.
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11 campus budgets
- 1.
- 2. ◦ System- appropriationsand allocation ◦ Campus level- expenses and tuition revenue
- 3. Revenue > Personnel+ Operating Costs Basic Campus Budgeting
- 4. Appropriation Tuition Enrollment Fees Other (grants, customized training, etc.) Revenue
- 5. 58.7% of revenuecomes from TUITION
- 6. Salary Benefits Staff Development Curriculum Development Release Time Sabbaticals Tuition Waivers Personnel Costs
- 7. Everything else! Your campus building(s). Operations
- 8. Supplies Travel Memberships Purchased Services IT Support Equipment Replacement/Lease Other Operating Costs
- 9. Marketing DebtService Other Campus Costs
- 10. All campuses mustkeep cash reserves* 5-7% of the campus budget * NO required student life reserve! Reserves
- 11. Legislative snapshot Money and tuition set for this year AND next Every college prepares a budget outlook ◦ Enrollment ◦ % revenue from tuition v. state ◦ Other revenue ◦ Personnel costs Start with a snapshot
- 12. Consultation withstudents on budget outlook (Fall) Administration creates draft budget Consultation continues (through Spring) Student senate writes letter to Board of Trustees on the process (Aprilish) Chancellor reviews and brings to Board for first reading (May) Board approves all budgets, including tuition and fees (June) Approval process
- 13. Tuition and FeesConsultation Meet early and often. Make it a conversation and not a lecture. Make sure to keep things respectful.
- 14. Remember to thinkabout and discuss a variety of factors Differential Tuition Personnel Costs and Operating Expenses Other campuses tuition rate in the area Legislative arena
- 15. Consultation Letter Everycampus Student Senate drafts a consultation letter. The letter provides an overview of the process taken. More information on the Consultation letters will be provided at future conferences…..
- 16. Enrollment andtype Reserve, carry-forward Inflation Total expected revenue Costs Cuts Scenarios/options Get the facts
- 17.
Editor's Notes
- #14 Invite your administration to discuss tuition and fees early in the year. Provide multiple possible opportunities if your calendars aren’t aligning.Try to meet more than once per semester. The more information you can obtain will improve your knowledge of the process as well as help you represent your student constituents better.Ask questions about tuition and fees, projected enrollment and expense calculations.Ask for documentation such as presentation slides, spreadsheets, and contact information.Encourage your students to let the administration know what they like and what they don’t .
- #15 Higher Tuition for different programs (i.e. Nursing)Higher Tuition for Online Courses
- #16 Includes dates, timeline, and discussion topics.May contain your campuses Student Senate stance on the administrations recommendation.