RE PORT TO THE BOARD OF TRUSTE E S PROPOSE D STUDE NT FE E RATE S FY 2016 AND FY 2017 CONCE PTUAL BUDGE T PLAN FY 2016 May 2015
LEGISLATIVE OUTCOMES FY 2016 Operating Appropriations Increases • WL: (1.1%), PUC: 0.7%, PNC: 1.4%, IPFW: 0.7% Appropriations for Capital Projects • Debt Service Construction Project • Ag & Life Sciences (WL): $35M • Cash Funded Construction Projects • Emerging Technologies Planning Funds (PUC): $2.4M • Purdue System Wide Repair & Rehabilitation, Biennium: $21.1M • Regional Campus Repair & Rehabilitation: $12.5M Line Items • Line Items continue at existing levels • Dual Credit funded at $50/credit hour • One-time $3.0M for Purdue Polytechnic Institute (PPI) Regulatory • New rates apply if state universities use the State Board of Accounts for annual audit functions • The Budget Agency may not withhold appropriations without review of the Budget Committee
PROPOSED FEE STRUCTURE – WEST LAFAYETTE General Biennial Increase • 0.0% each year for West Lafayette Campus and Statewide Technology for resident, nonresident, and international students Proposed New Fees • Computer Science Differential Fee • Effective in FY 2016 to “new to campus” students (grandfathering existing students) • $2,050 undergraduate and $1,124 graduate per year (equal to Engineering) Other • Eliminated $200 fee for credit-bearing Internship/Co-op/Industrial Practice • Student Housing and Meal Plan Rates held flat for 2015-16 academic year Previously Approved Fees • Doctorate of Nursing Practice System-wide Program Fees • $725 per credit hour residents • $950 per credit hour nonresidents • $100 per credit for up to 6 residency/practica courses
PROPOSED FEE STRUCTURE – REGIONAL CAMPUSES General Biennial Increases • Calumet: 1.65% for resident and nonresident students in FY 2016 North Central: 0.4% for resident and nonresident students in FY 2016 • • 1.25% difference between Calumet and North Central in FY 2016 brings tuition rates into parity in anticipation of merged campuses • Purdue Northwest: 1.65% average campus increase in FY 2017 • IPFW: 1.65% each year for resident and nonresident students Proposed New Fees • Purdue Northwest Differential Fees • Effective in FY 2017 for “new to campus” students (grandfathering existing students) • Engineering, Technology, Business, Nursing • Undergraduate: $200-$265 per semester; Graduate: $250-$290 per semester • IPFW Differential Fees • Engineering, Technology, Business, Nursing • All students, course-assessed per credit hour • FY 2016: $11.75 undergraduate and $14.90 graduate • FY 2017: $23.90 undergraduate and $30.25 graduate • MBA: $87.95 per credit hour Previously Approved Fees • Doctorate of Nursing Practice System-wide Program Fees • $725 per credit hour residents • $950 per credit hour nonresidents • $100 per credit for up to 6 residency/practica courses
RE PORT TO THE BOARD OF TRUSTE E S CONCE PTUAL BUDGE T PLAN FY 2016 May 2015
FY 2016 BUDGET PARAMETERS– WEST LAFAYETTE • 0% general student fee increase • 1.1% operating appropriation decrease • 3.5% merit increase salary policy, with the last 0.5% conditional upon meaningful contributions to efficiencies • 11.6% medical savings assumed for CY 2016 • 1.0% increase in supplies and expense budgets • Funding allocated for Purdue Moves and Scholarships • Budget funded primarily from existing revenues and reallocations: • Change in student enrollment / residency mix: $25M • Efficiency Savings Reallocations: $15.5M
SALARY POLICY – WEST LAFAYETTE Conditional 0.5% of Merit Raise Pool • Reduction in administrative positions: elimination/consolidation of high-cost administrative positions • Space utilization : increasing Monday, Friday and afternoon classes for Spring 2016 • Pay differentiation based on merit: clearly differentiating performance
GENERAL FUND BUDGET BY REVENUE SOURCE WE ST LAFAYE TTE CAMPUS Adjusted Proposed FY 2015 FY 2016 Dollar General Fund Revenues Budget Budget Change State Appropriations $ 244,842,698 $ 242,228,085 $ (2,614,613) Debt Service Appropriation 20,821,980 20,814,754 (7,226) Student Fees 642,429,529 671,357,918 28,928,389 Facilities and Admin. Recovery 59,200,000 59,200,000 0 Interest Income 25,500,000 25,500,000 0 Other Income 24,441,947 25,550,817 1,108,870 Total Revenues $ 1,017,236,154 $ 1,044,651,574 $ 27,415,420
FY 2016 GENERAL FUND BUDGET WE ST LAFAYE TTE CAMPUS Expenditures Amount Salary Increases and Adjustments $ 15,475,500 Faculty Change in Academic Rank 763,519 Clerical & Service Wages Increase 380,000 Benefits Related to Salary Increase 2,928,162 Benefits Related to Rates and Adjustments (2,942,507) Total Compensation Increases and Benefits $ 16,604,674 Fuels, Utilities and Insurance $ 1,057,640 Plant Expansion 317,962 Miscellaneous Unavoidable Costs 215,849 Total Mandatory Cost Increases $ 1,591,451 Purdue Moves 15,413,471 Infrastructure Support 4,987,250 Academic Strategic Initiatives 2,477,690 Academic Support 1,886,701 Debt Service from Appropriations (7,226) Efficiency Savings Reallocations (15,538,591) Total Expenditures $ 27,415,420
FY 2016 BUDGET PARAMETERS – REGIONAL CAMPUSES • General biennial student fee increase • Calumet: 1.65% in FY 2016 • North Central: 0.4% in FY 2016 • Purdue Northwest: 1.65% average campus increase in FY 2017 • IPFW: 1.65% • Operating appropriation increase • Calumet: 0.7% • North Central: 1.4% • IPFW: 0.7% • Merit increase salary policy • Calumet: 2.0% • North Central: 1.5% • IPFW: 1.5% • Nonrecurring salary adjustments • Calumet and North Central: $1,500 per employee • IPFW: $1,000 per employee • Medical savings: 11.6% assumed for CY 2016 • Increase in supplies and expense budgets • Calumet and North Central: 1.5% • IPFW: 0.0%
GENERAL FUND BUDGET BY REVENUE SOURCE RE GIONAL CAMPUSE S Purdue University Purdue Indiana-Purdue Calumet North Central Fort Wayne Proposed Proposed Proposed FY 2016 Dollar FY 2016 Dollar FY 2016 Dollar General Fund Revenues Budget Change Budget Change Budget Change State Appropriations $ 28,150,870 $ 258,608 $ 14,896,950 $ 1,076,811 $ 41,946,773 $ 648,607 Debt Service Appropriation 1,477,771 (713) 1,579,307 (445,230) 5,310,600 (1,623) Student Fees 53,706,488 2,196,034 19,141,774 2,297,857 60,353,132 (46,511) Facilities and Admin. Recovery 750,000 0 60,000 0 211,130 15,130 Interest Income 1,750,000 750,000 700,000 381,000 1,484,819 284,819 Other Income 885,000 (45,000) 251,000 (600,000) 2,197,176 468,797 Total Revenues $ 86,720,129 $ 3,158,929 $ 36,629,031 $ 2,710,438 $ 111,503,630 $ 1,369,219
FY 2016 GENERAL FUND BUDGET RE GIONAL CAMPUSE S Purdue University Purdue Indiana-Purdue Expenditures Calumet North Central Fort Wayne Salary Increases and Adjustments $ 896,000 $ 292,575 $ (562,365) Faculty Change in Academic Rank 54,640 27,320 85,000 Benefits Related to Salary Increase 214,004 59,512 178,400 Benefits Related to Rates and Adjustments (148,294) (101,927) (1,531,455) Total Compensation Increases $ 1,016,350 $ 277,480 $ (1,830,420) Mandatory Cost Increases $ (220,072) $ (392,802) $ 203,983 Infrastructure Support 243,691 32,283 (93,379) Academic Strategic Initiatives 916,712 26,778 25,828 Academic Support 1,202,961 3,118,804 3,064,831 Other Debt Service Allocation 0 93,125 0 Debt Service from Appropriations (713) (445,230) (1,623) Total Expenditures $ 3,158,929 $ 2,710,438 $ 1,369,219
RE PORT TO THE BOARD OF TRUSTE E S PROPOSE D STUDE NT FE E RATE S FY 2016 AND FY 2017 CONCE PTUAL BUDGE T PLAN FY 2016 May 2015
Recommend
More recommend
