Budget Assumptions FY 2019-20
Revenue Sources Enrollment Driven 89.9% • Non-Native American Tuition • Native American Tuition • Auxiliary Revenues • State Funding (COF & FFS) • Student Fees (Mandatory and Course Specific Non Enrollment Driven 2.7% • Other Revenue Restricted Funds 7.4% • Grants • Donation Revenue - Restricted
Expenditures Instruction 27.2% Auxiliary Enterprises 18.7% Academic Support 9.6% Student Services 9.5% Institutional Support 9.0% Scholarships/Financial Aid 8.3% Athletics 6.5% Operation and Maintenance 4.9% of Plant Debt Service 4.7% Research 0.9% Public Service 0.8%
Changing Landscape of Higher Education Funding In FY 2000-01, the State of Colorado covered 68% of a student's cost of education, while students and families picked up 32%. By FY 2011-12, those percentages had reversed, and have remained fairly consistent. Source: Colorado Commission on Higher Education, Tuition and Fee Report – FY 2018-19
Cost of Attendance No tuition increases for Resident or Non-Resident Students No room rate increases – Average board rate increase of 4% Mandatory Student fee decrease of 9.3% Page 3 – Budget Parameters
Tuition and Fees - Comparisons • Within Colorado – FY 2018-19 compared to four-year institutions • Lowest resident tuition and fees – 88.9% of the average • Lowest non-resident tuition and fees – 82.6% of the average • Amongst COPLAC Peers • Resident - 88.6% of average – has been increasing over the last eight years • Non-Resident – 90.8% of average – had been decreasing until FY 2017-18, when FLC raised non-resident tuition rates for the last two years. Pages 4 and 5 – Budget Parameters
Faculty and Staff Salary Increases FY 2019-20 Proposed Faculty and Exempt Staff increases of 3% Classified Staff increases are legislated at 3% Page 11 – Budget Parameters
New Funding Tied to Strategic Plan Pages 12 & 13 – Budget Parameters
Students at the Center • High Impact Curricular and Co-Curricular practices to improve student success and retention • Advising – Academic Peril Advisors • Mental and Physical Health Support for Students • Mosaic Center – staffing • Innovative and Best Recruitment, Communications and Admission Practices • Admission initiatives • Student Enrollment and Outreach Specialist Pages 12 & 13 – Budget Parameters
Community and Regional Partnerships • Create new pathways and partnerships for educational enrichment and/or employment that meet market needs in the Four Corners region • Teaching and Learning Services – expansion of online programs Page 13 – Budget Parameters
Systems to Facilitate Success • Evaluate, assess, and improve upon current practices and new initiatives • Digital Accessibility needs • Add Police Officer Page 13 – Budget Parameters
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