Unrestricted State Funds Operating Activities: 2018-19 Expenses by Function Expenses by Type Equipment and maintenance $0.7M Recharges Library Overheads 0.7% -$0.2M $0.4M $0.8M Scholarships 0.4% -0.2% 0.8% Student and fellowships Travel Utilities aid/tuition Public service $2.6M $0.7M $4.2M waivers 2.7% 0.7% $1.5M 4.4% $4.8M Contractual 1.6% 5% services $4.2M 4.4% Supplies $1.8M 1.9% Operating and Employee maintenance benefits $13.4M $1.1M 1.2% 14.0% Instruction Temporary service $43.1M $9.1M 45.2% 9.5% Personal service Institutional support $69.5M $16.9M 17.7% 72.8% Student Academic services support $6.7M $9.1M 7% 9.5% Research and Expenses by Type Expenses by Function training $0.4M 2018-19: 2018-19: 0.4% $95.5M $95.5M Source: Buffalo State Comptroller’s Office
Unrestricted and Restricted Operating Activities: 2018-19 Revenue BSCF Agency $1.9M Research Foundation Indirect Housing Corporation 1.3% Cost Recovery $5.1M BSCF Restricted $1.4M 3.6% $3.1M 1% 2.2% BSCF Unrestricted $0.8M 0.6% State $130.7M 91.3% Operating Revenues 2018-19 $143.1M State funds exclude ITEC. Source: Buffalo State Comptroller’s Office
Unrestricted and Restricted Operating Activities: 2018-19 Expenses by Function Expenses by Type Overheads BSCF $2.6M Recharges Library $3.0M 1.8% -$0.1M $0.9M 2.1% Public service 0% 0.6%% $1.8M Utilities 1.2% $3.8M 2.6% Debt service and other (residence halls) Auxiliary $10.7M Equipment and enterprises $7.4% maintenance $27.5M Instruction $2.8M Student aid/tuition 19.1% 1.9% $45.3M waivers $10.8M 31.4% 7.5% Contractual services $6.0M Personal service Travel 4.2% $2.9M $82.9M 2.0% 57.5% Supplies Operating and Academic $3.6M maintenance 2.5% support $13.7M $9.2M Employee Temporary service 9.5% benefits 6.4% Student $11.5M $5.8M Institutional support services 8.0% 4.0% Scholarships $25.0M Research and $7.8M and 17.4% training 5.4 % fellowships $0.6M $10.2M 0.4% 7.1% Expenses by Function Expenses by Type 2018-19 2018-19 $144M $144M Source: Buffalo State Comptroller’s Office
Buffalo State History of State Tax and Tuition Revenues $100 State and Other Support Tuition and Other Revenues $90 $80 $70 $60 58% 61% 66% 68% 72% Millions 71% 75% 75% 72% 74% 74% 74% $50 $40 Pre-Recession $30 $20 42% 39% 34% 32% 29% 28% 28% 25% 25% 26% 26% 26% $10 $0 Budget Cuts SUNY Rational Unfunded Negotiated Tuition Policy Salary Increases Source: Buffalo State Budget Office
State Support Trends and Sources: 2012-2018 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Direct State Support Tuition and Other Revenue Fringe Estimate Debt Service Source: Buffalo State Comptroller’s Office
History of SUNY Budget Pre 2008/09: Formula Based Budget Allocation • RAM (pre 1995), BAP (1995), BAPII (2006) • Abandoned because data used in formulas became outdated and NYS budget cuts • impacted allocations Campuses submitted annual enrollment plan for approval • • State operating support provided based primarily on actual enrollment plan 2008/09 to 2012/13: Incremental Budget • State tax support primarily flat • Budget reductions in four of the last six years • • Funding for negotiated salary increases Rational tuition implemented 2011/12 to 2015/16 • 2013/14: Proposed new resource allocation model; never adopted • 2014/15: Negotiated salary increases; no funding • 2016/17: Predictable tuition plan through 2020/21 • • 2019/20: Acceleration of support for one-time salary costs in 2018/19
Trends: Enrollment, Tuition, Faculty, Staff Enrollment Tuition Faculty FTE Staff FTE 15,000 Tuition Revenue: $62.7M +26% 14,000 Staff FTE: 888 Enrollment 13,000 +10% Tuition Revenue: $49.8M 12,000 Faculty FTE: Staff FTE: 509 807 -1% 11,000 Faculty FTE: 516 Enrollment: 10,000 Enrollment: 9,118 11,006 -17% 9,000 Excludes ITEC Source: Buffalo State Institutional Research, Buffalo State Comptroller
Emerging Issues for Consideration: 2019-20 • Enrollment shortfall: Impact of $3.4M ▪ Tuition: $2.5M ▪ Housing: $500K ▪ Fees: $400K Center for the Development of Human Services: $3.5M • ▪ Loan balance: $3.5M Resolving structural budget deficits of $3.6M • ▪ SUTRA: $1M ▪ DIFR: $2M ▪ RF Indirect Cost Recovery: $600K Source: Buffalo State 2018-19 Financial Plan
State All-Funds Cash and Reserves Projected Through 2020-21 $40 Unrestricted Central Reserves are 15% of our State Funds Budget. 37 $35 36 33 32 $30 Restricted Millions Unrestricted Total Cash Balances Unrestricted College Central Reserves $25 21 20 20 $20 19 17 17 17 16 17 $15 15 13 13 $10 Source: Buffalo State Comptroller’s Office
All Funds Financial Capacity2011/12 – 2020/21: Operating Sources and Uses $150,000,000 $145,000,000 $143.5M $140,000,000 $142.0M $135.1M $135,000,000 $130.1M $130,000,000 $125,000,000 Sources Uses $120,000,000 Notes: State operating one-time $2.8M not • included FY20-21 not adjusted for fall 2019 • enrollment shortfall Source: Buffalo State Comptroller’s Office
Assumptions for All Funds Financial Capacity 2011/12 – 2020/21: Operating Sources and Uses • $7M budget rebalancing Tuition rate increases: is accomplished Year Undergraduate Graduate 2018-19 $100 $200 • Enrollment is equivalent 2019-20 $100 $110 to fall 2018 2020-21 $100 $110 • No new money for Personnel cost increases: scholarships 2018-19 Collective bargaining current and retro payouts 2019-20 Collective bargaining current and retro • No new money for OTPS payouts 2020-21 Collective bargaining current year payouts
Unrestricted State Funds Budget Projections (in Millions) 17-18 17-18 17-18 18-19 18-19 18-19 19-20 19-20 19-20 Budget Final Variance Budget Variance Actual Planned Projected Variance SOURCES Tuition & Other 58.8 58.6 (.2) 60.3 59.0 (1.3) 61.2 58.8 (2.4) Revenue 24.1 24.1 - 24.1 26.9 2.8 24.1 24.1 - State Tax Support Summer Session 3.9 4.1 .2 4.0 4.2 .2 4.2 4.8 .6 Revenue Unrestricted IFR 4.8 5.0 .2 4.8 5.7 .9 4.8 4.2 (.6) Revenue $91.6 $91.8 $.2 $93.2 $95.8 $2.6 $94.3 $91.9 ($2.4) TOTAL SOURCES USES Projected Base 86.6 83.0 3.6 84.2 81.3 2.9 84.4 86.1 (1.7) Budget Negotiated Salary 5.4 1.6 3.8 5.7 5.2 .4 2.2 2.2 - Costs Summer Session 5.0 4.8 .2 4.7 5.3 (.5) 5.3 2.4 2.9 Budget 2.4 2.7 (.3) 2.4 (1.2) 3.6 2.4 5.2 (2.8) Unrestricted IFR Budget $99.4 $92.1 $7.3 $97.0 $95.4 $1.6 $94.3 $95.9 ($1.6) TOTAL USES $(7.8M) $(.3M) $7.5M $(3.8M) .4M $4.2M -- $(4.0M) $(4.0M) NET RESULTS Source: Buffalo State Comptroller’s Office
Change in Unrestricted State Reserves, 2018-19 College Central Reserves as of June 30, 2019 $16.9M Projected Unrestricted Operating Loss (4.0M) Projected Central Reserves as of June 30, 2020 $12.9M Source: Buffalo State Comptroller’s Office
Summary of Financial Capacity • State tax support is flat, similar to other campuses across the U.S. • We are increasingly dependent on tuition revenue and continue to experience enrollment volatility • Most of our resources are in existing base budget: We need to be very thoughtful about how we deploy these resources going forward • Need to continue to engage in cross-divisional planning activities to align our recurring sources and uses -- to sustain our financial future and our ability to embrace new opportunities Source: Buffalo State Vice President for Finance and Management
Update on Budget Rebalancing 05/2019
Update on Budget Rebalancing • Status of actuals and projections: – 2017/18: $1.4M target was exceeded – 2018/19: $2.8M target was exceeded – 2019/20: $2.8M target is planned • Campus dashboard has been created in the SUNY Business Intelligence System for VPs to assist in the budget rebalancing process 08/2019
Fiscal Impact of Budget Rebalancing and Collective Bargaining (In Thousands) Expenditure 2016-17 2017-18 2-Year 2018-19 Actual 2-Year Actual Categories Core Reduction Reduction Expend- Target iture: 20% Under (Over) Target 2018-19 Collective Actual Tax Support Reduction Target Expenditures Actual Bargaining Expenditures Less and Tuition Target Collective Funds Bargaining Target $ $ (1,400) (4,200) Academic 49,250 (769) (1,729) (2,307) 46,942 49,196 3,668 45,258 (3,721) Affairs F&M 14,360 (222) 76 (666) 13,694 14,246 443 13,803 (557) IT & 11,456 (253) (103) (760) 10,697 11,486 787 10,699 (758) EMC Advance- 1,823 (69) 95 (207) 1,616 1,668 114 1,554 (269) ment Student 2,597 (16) (307) (49) 2,548 2,326 168 2,158 (439) Affairs President 956 (36) 28 (108) 847 959 25 934 (21) General U 6,195 (34) (370) (103) 6,092 6,168 35 6,113 (62) TOTAL 86,637 (1,400) (2,310) (4,200) 82,436 86,049 5,240 80,809 (5,827) A
Projected: Annualized Impact of Budget Rebalancing and Collective Bargaining (In Thousands) Baseline Budget Collective Projected 2016-17 Reduction Bargaining/ 2020/21 Base Expense Other Budget Investments Academic $49,200 $(3,800) $3,600 $49,000 Affairs Finance and 14, 300 (1,100) 1,000 14,300 Management IT & EMC 11,400 (1,200) 800 11,000 Advancement 1,800 (300) 100 1,600 Student Affairs 2,500 (100) 200 2,700 President 900 (100) 100 900 General U 6,100 (100) 6,000 TOTAL $86,200 $(6,700) $5,700 $85,500 Note: Collective bargaining calculated on payroll 14, 2018.
Future Planning: Launching the Strategic Resource Planning Process (SRPP) October 2019 Update
Overview of Strategic Resource Planning Process (SRPP) • Integrated resource planning • Roles and responsibilities • Calendar • Implementation plan • Multi-year financial plan • Base budget • Budget model Source: Buffalo State Vice President for Finance and Management
Best Practices Model: Integrated Resource Planning Academic and Strategic • All Funds Planning • Comprehensive asset/liability Campus and Enrollment Facilities management Management Planning • Integrative: single institutional point of view • Long-term in nature • Analyzes returns on Operating and Risk investments Capital Management Budgets • Proactive • Dynamic and scenario-based Integrated • Transparent Resource Planning Facilities Debt Management Management Workforce Endowment Planning/ and Underway Investment Talent Management Management Capital Campaign Planning 2019-20 (Philanthropy) Source: Buffalo State Vice President for Finance and Management 08/2019
Roles and Responsibilities Mission, Resource Multi- Academic Budget Enrollment Evaluation Vision, Planning Budget Model Year Plan Implementation Plan & Strategic Financial Feedback Plan Plan • President • President • Provost • VPFM • Provost • Provost, • President • VPFM • President’s • Provost (Program, • Resource • Resource Planning • CIO & VPEMC • Provost Cabinet • VPFM Academic Planning • Institutional • VPFM • Comptroller Metrics) • Comptroller Research • Resource Planning • All Units • VPFM • Academic Units • Comptroller (Financial Metrics) • Institutional • All Units Research • All Units Source: Source: Buffalo State Vice President for Finance and Management
Calendar: Strategic Resource Planning Process (SRPP) • Prior year carry forward balances loaded in financial system • Initial five-year financial plan and planning assumptions completed August • Budget model solidified for following fiscal year • Enrollment, tuition and fee plans solidified • Workforce planning solidified September- December • Capital plans solidified • Five-year financial plan updated • Campus budget meetings January- • Resource allocation decisions finalized and communicated to units June • Prior fiscal year closed • New fiscal year budgets finalized, communicated to SUNY and loaded into financial system July • Units submit spending plans Source: Buffalo State Vice President for Finance and Management
Integrated Resource Planning: Context and Environment 10/2018
Strategic Goals and Objectives Resource planning begins with a plan: Buffalo State College Strategic Plan Divisional Plans Departmental and Unit Plans Aligned budgets help institutions achieve overarching institutional and unit objectives: • Transparency • Accountability • Risk Management • Accreditation 10/2018 Source: Buffalo State Vice President for Finance and Management Source:
Data Integrated resource planning is informed by data and information: • Enrollment • Credit hours • Tuition revenue • Tuition vs. state tax support Student fees • Faculty and staff FTEs • Graduation rates • Philanthropy • Research • Residence hall occupancy • Spending plans • Static planning ➔ Active planning 10/2018 Source: Buffalo State Vice President for Finance and Management
What is Integrated Planning? • Integrated planning is the linking of vision, priorities, people, and the physical institution in a flexible system of evaluation, decision-making and action • It shapes and guides the entire organization as it evolves over time and within its community • For additional information: ▪ Integrated Budget and Resource Planning at Colleges and Universities: Society of College and University Planning, 2011 ▪ Evolving Higher Education Business Models: American Council on Education 10/2018 Sources: Society of College and University Planning; American Council on Education
Integrated Resource Planning Static Planning Active Planning One time event Multiple versions and scenarios (what-ifs) • • • Outdated on day one • Frequent updates based on business inputs Updates are infrequent Common platform • • Employs numerous files and sources Integrated data and analytics • • • Difficult to consolidate • Easy to consolidate • No integration • Fully integrated and connected 10/2018 Source: Society for College and University Planning
Budget Model: Guiding Principles Strategy ▪ We align incentives with our mission and with strategic behaviors Predictability ▪ We build models that provide reliable foundations for planning Flexibility ▪ We build planning models that anticipate and are responsive to changes in the economic environment; we incorporate appropriate risk management strategies Integration ▪ We consider the university as a whole and make intentional connections between varying types of organizational needs and priorities Stewardship ▪ We exercise prudence in managing our resources, diversify revenues to promote resilience, maintain appropriate reserves, and reward efficiency and effectiveness 10/2018 Source: Buffalo State Vice President for Finance and Management 44
Implementation Plan for SRPP 2019-2020 2018-2019 2020-2021 and Beyond • Assessment • Infrastructure: • Launch SRPP -- Process • Begin to establish • Assess and refine: -- Systems infrastructure -- Reports -- Process -- Systems • Optimize -- Reports • Optimize organization and organization and resources resources
Strategic Resource Planning Process: Completed in 2018/19 1 . Enrollment and resource planning 4. Continued to evaluate Budget integration Committee Support Group Scholarship strategy and planning recommendations (Excelsior/TAP credit) Housing rates and occupancy strategy 5. Business Services/Systems: Launch taskforce • eProcurement • Campus-wide Buffalo State College 2. Capital development board and Foundation reports process Enhanced Buffalo State College • Establish structure and process Foundation and Housing Corporation Space standards and utilization reports 3. Campus multi-year financial plan 6. Optimized Finance and Management Multi-year energy financial plan organizational structure
Strategic Resource Planning Process: in Development in 2019/20 1. Enrollment and resource planning integration: Academic planning and support 2. Capital development board and process: Establish subcommittees; launch request process for capital development plan 3. Campus multi-year financial plan: All funds multi-year financial plan 4. Budget model development and planning Investment pool Enrollment Base budget Alignment of recurring sources and uses 5. General College Service Fee (GCSF)review 6. Unit staffing plans (workforce planning)
Strategic Resource Planning Process: in Development in 2019/20 7. Enterprise Risk Management (ERM): Risks/contingencies aligned with resources and future investment 8. Business services and systems: Financial reporting and planning improvements; travel reimbursement system 9. Evaluation of college-subsidized activities 10. Integrated resource planning calendar 11. Campus overhead analysis 12. Review of broad-based fees and fee process 13. Create entity/hierarchy reporting structure
Strategic Resource Planning Process, Future: 2020-21 and Beyond 1. Three-year planning process – all funds 2. Spending plan development 3. Composite financial index (CFI) 4. Review of all fees and revenue streams
NACUBO Presentation: Telling Our Story
Higher Education Provides Opportunity for Upward Mobility and a Lifetime of Value For more information: 2019 NACUBO Perceptions and Priorities June 2019 08/2019
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Skill ills Co Commonly ly As Associated With a a Li Liberal Ar Arts Educatio ion Ar Are Am Among th the Most In In-Demand From Employers Source: Emsi & Strada Institute for the Future of Work, “ Robot-Ready: Human+ Skills for the Future of Work ,” 2018; Georgetown University Center on Education and the Workforce, “ The Economic Value of College Majors ,” 2015; The Pew Research Center, “ The State of American Jobs ,” 2016; Vectors by vecteezy.com. 08/2019
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Next Steps
Next Steps • 2019/20 budget development • Stay the course on 2019/20 budget rebalancing • Continue position control • Continue campus enrollment and student retention/completion efforts • Continue cross-divisional planning activities – identify and analyze opportunities to generate new resources and strategically deploy current resources 08/2019
Next Steps • Continue implementation plan for strategic resource planning process and governance structure – Financial Capacity – Strategic Resource Planning Process • Tell our story – Stay informed – Advocate for higher ed 08/2019
Appendix
Appendix: Table of Contents Category Slide Numbers College Financial Capacity: National and SUNY Budget Context 69-77 State of the College 78-101 Operating Activities, 2017-18 102-106 Operating Activities, 2016-17 107-111 Integrated Resource Planning: Context and Environment 112-117 Capital Development Process 118-122 Enrollment and Resource Planning Integration 123-128 Multi-Year Energy Planning 129-132 Budget Committee Support Group 133-137 Glossary of Terms 138-140
College Financial Capacity: National and SUNY Budget Context, 2018-19
2019/20 Executive Budget Summary Operating Funds State-Operated Campuses $1,922.7M in Tuition Spending Authority (including Pooled Offset) • ( No Change ) 1,762.1M in Indirect Tax Support (+$41.1M from Prior Year ) • 708.0M in Direct Tax Support ( No Change ) • 18.0M for Investment Fund ( No Change ) • • 4.0M for Open Education Resources ( No Change ) Good News: The Executive Budget provides for a mechanism to accelerate a one-time infusion of State cash to mitigate the impact of extraordinary costs in 2018/19 Source: State University of New York
Disinvestment in Public Higher Education Educational Appropriations per FTE $9,000 $8,641 $8,500 $8,640 $8,453 $8,357 $8,000 $7,642 $7,453 $7,500 $7,395 $7,000 $6,525 $6,500 $6,000 2008, Pre-Recession 2012 2016 2017 U.S New York State Source: State Higher Education Executive Officers Association: State Higher Education Finance 2017
Trend of SUNY Direct and Indirect State Support as Percentage of NYS General Fund Revenue NYS General Fund ($M) SUNY Support as a % of General Fund $80,000 8.00% $70,000 7.00% 6.80% 6.30% $60,000 6.00% 6.10% 5.90% 5.70% 6.20% 5.70% 5.60% $50,000 5.00% $40,000 4.00% $69,676 $67,920 $66,895 $61,868 $30,000 3.00% $58,782 $56,899 $54,448 $52,555 $20,000 2.00% $10,000 1.00% $0 0.00% 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Buffalo State Budget Office
Trend of Buffalo State Direct and Indirect Support as Percentage of State Direct and Indirect Support to SUNY Buffalo State Support as % of SUNY Support State Direct and Indirect Support to SUNY ($M) $4,500 2.80% $3,978 $3,942 $3,882 $3,786 $4,000 $3,627 $3,571 $3,427 $3,348 $3,500 $3,000 2.50% $2,500 2.40% $2,000 2.40% $1,500 2.30% 2.30% 2.30% 2.30% $1,000 2.20% 2.20% $500 $0 2.00% 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Buffalo State Budget Office
New York State Total Support to SUNY 4500 4000 3500 1500.6 1586 1607.3 1595.3 1553.2 1507.6 3000 1517.8 1730.1 1606.5 1469.9 $ Millions 2500 2000 1500 2750 2599.6 2346.7 2370.1 2328.8 2278.3 2109.5 1000 1877.8 1841.3 1820.8 500 0 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Indirect State Tax Suport Direct State Tax Support Source: Buffalo State Budget Office
All SUNY Campuses: Student Demographics New York State 2017/18 – 2028/29 Projected High School Graduates 2015/16 Level 200,000 195,000 190,000 185,000 184,639 180,000 181,268 176,767 173,806 173,370 175,000 176,958 173,851 170,000 165,000 160,000 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Source: SUNY Budget Office
All SUNY Campuses: Student Demographics New York City 2017/18 – 2028/29 NYC 2015/16 Level 75,000 70,595 70,000 69,986 69,895 69,539 67,988 66,666 65,000 64,957 64,830 64,572 63,678 62,855 62,691 60,795 60,000 55,000 50,000 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Source: SUNY Budget Office
All SUNY Campuses: Student Demographics Non-New York City 2017/18 – 2028/29 Non-NYC 2015/16 Level 125,000 120,000 119,809 116,472 116,311 115,000 113,011 111,415 111,330 110,000 109,279 108,778 108,277 107,378 106,972 105,000 104,286 102,775 100,000 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Source: SUNY Budget Office
State of the Campus, 2018-19
Enrollment History 12,000 11,745 11,500 11,255 11,220 11,006 10,993 11,000 10,776 10,500 10,322 10,000 9,516 9,475 9,500 9,118 9,000 Total Headcount Source: Buffalo State Institutional Research Office
Enrollment History Undergraduate Student Headcount 12,000 10,000 9,010 9,314 9,139 9,371 9,822 9,935 10,030 9,787 9,386 9,392 9,179 8,000 8,482 8,527 8,082 6,000 4,000 2,000 0 Undergraduate Headcount Source: Buffalo State Institutional Research Office
Enrollment History Graduate Student Headcount 2,500 2,000 1,996 1,906 1,854 1,863 1,892 1,810 1,500 1,627 1,468 1,390 1,000 1,242 1,143 989 1,036 993 500 0 Graduate Headcount Source: Buffalo State Institutional Research Office
Tuition Revenue, 2005-2018 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $ Millions $20,000,000 $10,000,000 $0 Fall/Spring Summer J-Term Source: Buffalo State Comptroller’s Office
Faculty FTE 570 560 550 540 530 566 558 557 555 551 520 548 539 537 536 510 529 528 521 516 500 490 Source: Buffalo State Institutional Research Office
Staff FTE (State: Classified and Professional) 1000 950 900 850 944 940 941 937 930 911 905 904 800 893 874 867 841 807 750 700 Excludes ITEC Source: Buffalo State Institutional Research Office
State Support Trends and Sources: 2012-2018 160,000,000 140,000,000 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Direct State Support Tuition and Other Revenue Fringe Estimate Debt Service Source: Buffalo State Comptroller’s Office
What State Funding Number Do You Really Want? State Capital State Revenue Earmarks IFR, Fringe Debt Tax Support SUTRA, Service DIFR Total State and ✓ ✓ ✓ ✓ ✓ Revenue Support Total State Support ✓ ✓ ✓ ✓ State Operating ✓ ✓ Appropriation State Tax Support ✓ ✓ State Account ✓ ✓ ✓ ✓ Activity Source: Buffalo State Vice President for Finance and Management
Operating Activity Source of Funds All State Funds Other Funds State Operating State Funds RF Foundation Funding Type: State Tax Tuition Income Fund State Dormitory Research Buffalo State Revenue Reimbursable University Income Fund Foundation College (IFR) Tuition Reimbursable (RF) Foundation Reimbursable (DIFR) (SUTRA) Source of Appropriated Student tuition Student fee Students Residence Federal, State, Donors Funds: by NYS payments revenue, participating halls lease private grants support, government; external funds, in summer revenue Student allocated to received for term, J-term, Indirect cost Apartment the campus by self-supporting Study Abroad, recovery Complex SUNY programs contract earnings revenue, other courses, etc. self-supporting program revenues Primary Students (our Students (our Students (our Students (our Students (our Students (our Students (our Stakeholder: primary primary primary primary primary primary primary customers), customers) customers) customers) customers) customers), customers), NYS taxpayers grant sponsors, donors, faculty/ community principal investigators Source: Buffalo State Vice President for Finance and Management
Operating Activity Uses of Funds All State Funds Other Funds State Operating State Funds RF Foundation Funding Type State Tax Tuition Income Fund State Dormitory Research Buffalo State Uses Revenue Reimbursable University Income Fund Foundation College (IFR) Tuition Reimbursable (RF) Foundation Reimbursable (DIFR) (BSCF) (SUTRA) Instructional salary ✓ ✓ ✓ expenses Non-instructional salary ✓ ✓ ✓ ✓ ✓ ✓ ✓ expenses/salary associated with fee revenue Temporary Service ✓ ✓ ✓ ✓ ✓ ✓ ✓ Expense Fringe Benefit Expense N/A N/A 63.89% 26.10% 63.89% 40% Variable Non-Salary Expense: ✓ ✓ ✓ ✓ ✓ ✓ ✓ Contractual services, supplies, travel, professional fees, equipment Source: Buffalo State Vice President for Finance and Management
Buffalo State Student Fee Types Broad-Based Fees (restricted): Generally charged to all enrolled students to finance discrete activities that benefit the student body • Excludes activities that are part of the core instructional program • Fees are: athletics, college, health, technology and transportation • Adjustments reviewed through the Buffalo State student consultation process (Jan. to March) • Submitted to SUNY for review • Reviewed by the Board of Trustees • Current Buffalo State fee is $1,140 – see Appendix 15 • Course-Based Fees (restricted) : Example: A Chemistry Lab fee charged to students to offset the cost of scientific chemicals, supplies, • and materials Fee proposals are submitted by departments or units • Student Activity Fee Determined by student body referendum, every two years • Buffalo State's current $200 mandatory student activity fee supports a variety of programs for the • benefit of students Graduate Student Fee Mandatory graduate student fee provides support for research and scholarship, professional • organizations, professional development Fee is $3.50 per credit hour • Source: Buffalo State Broad-Based Fees
Appendix 19 Buffalo State Broad-Based Fees, 2018-19 Full-Time Students, Part-Time Students, Per Fall 2018 & Spring 2019 Credit Hour Per Semester $333 $13.90 Athletics Fee Health Fee 329 13.75 Technology Fee 349 14.55 Transportation Fee 104 4.35 25 .85 College Fee TOTAL, $1,140 $47.40 BROAD-BASED FEES Source: Source: Buffalo State Tuition and Fees
Reserves • Funding set aside for a particular purpose, i.e. equipment replacement, rehab project, one-time investment • Reserves are necessary for contingencies and are part of good financial planning (5% to 15%) Source: Buffalo State Vice President for Finance and Management
Research Proposals # Submitted # Awarded 109 86 77 74 61 52 47 45 39 36 34 31 30 27 27 18 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 Source: Buffalo State Sponsored Program Administration
Sponsor-Funded Expenditures 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Total $33,633,177 $25,130,736 $20,197,753 $19,550,033 $19,817,180 $18,724,623 $19,455,421 $18,543,107 Direct Costs: Total 6,517,012 4,820,178 3,806,440 3,476,428 3,627,984 4,290,845 4,187,668 4,111,570 Indirect Costs: Total $40,150,189 $29,950,914 $24,004,193 $23,026,461 $23,445,164 $23,015,468 $23,643,089 $22,654,677 Costs: Source: Buffalo State Sponsored Program Administration
Philanthropy Trends Contributions, Buffalo State College Foundation (from Financial Statements) $9,000,000 $8,526,170 $8,000,000 $6,815,227 $7,000,000 $6,527,065 $6,000,000 $5,000,000 $3,855,557 $4,000,000 $3,461,182 $3,170,755 $2,946,752 $3,000,000 $2,511,011 $2,000,000 $1,000,000 $0 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Source: Buffalo State College Foundation Financial Statements
Six-Year Graduation Rates 51.00% 50.00% 49.00% 48.00% 47.00% 46.00% 49.8% 48.8% 48.4% 45.00% 47.3% 47.1% 46.3% 46.2% 44.00% 44.7% 44.6% 43.00% 42.00% 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Source: Buffalo State Institutional Research Office
Expenditures per FTE Student to National Peers, 2015-2016 State University of New York (SUNY) Expenditures Per FTE By Category for Buffalo State and Other State Public Four Year College by Like Carnegie Classification Ranked High to Low on Total Expenditure Per FTE Operation / Academic Student Institutional Maintenance of Scholarships Auxiliary Hospital Independent State / Campus Instruction Research Public Service Support Services Support Plant and Fellowships Enterprises Services Operations Other Total IL $ 12,554 $ 444 $ 1,970 $ 2,183 $ 2,939 $ 2,787 $ - $ 1,271 $ 3,998 $ - $ - $ 174 $ 28,319 IA 10,021 324 2,608 2,501 1,080 2,952 - 258 5,767 - - 307 25,818 ME 9,742 1,782 3,100 3,457 2,032 2,087 - 1,095 2,476 - - - 25,772 AK 10,878 1,403 1,312 2,707 2,922 2,873 - 1,312 1,899 - - 273 25,580 SUNY Buffalo State 10,243 360 2,119 2,315 1,549 4,294 - 975 3,007 - - 150 25,013 CT 10,469 218 535 1,970 2,793 3,347 - 2,227 1,964 - - - 23,523 NH 9,629 690 138 2,459 2,240 1,439 - - 6,464 - - 0 23,059 NJ 10,528 447 487 1,778 2,430 3,479 - 478 2,837 - 365 179 23,008 NM 7,577 593 2,740 1,078 1,868 2,399 - 2,217 2,544 - - 1,987 23,004 GA 8,601 48 69 2,386 1,669 3,335 - 2,217 4,108 - - 1 22,434 WV 8,329 1,173 1,929 2,123 1,197 2,138 - 1,807 3,112 - - 157 21,964 SC 8,687 857 261 1,758 2,662 2,711 - 1,041 3,658 - - 252 21,888 VA 8,173 192 580 2,172 1,004 1,845 - 458 7,244 - 37 43 21,748 NC 7,890 468 326 2,085 973 2,101 - 1,377 5,909 - 318 56 21,503 OR 8,297 208 830 1,670 1,345 1,620 - 1,817 3,803 - - 1,065 20,655 KY 8,074 261 1,632 1,909 2,243 2,488 - 1,266 1,632 - - 181 19,687 RI 7,594 1,931 205 1,845 1,523 2,690 - 1,065 2,772 - - - 19,626 AL 6,879 340 1,525 1,139 2,020 3,426 - 1,660 1,551 - - 812 19,353 OH 7,564 218 526 1,688 1,016 2,893 - 1,593 3,393 - - - 18,891 TX 6,835 547 382 2,074 1,601 2,152 - 1,428 2,366 - - 1,374 18,758 MI 7,959 348 913 2,247 1,482 1,961 - 793 2,108 - - 111 17,921 MO 7,351 391 678 1,274 1,704 1,635 - 1,204 3,469 - - 2 17,708 MN 6,615 749 336 2,655 2,008 1,735 - 237 2,705 - - 541 17,581 NE 7,846 286 346 1,615 937 1,495 - 1,055 3,625 - - 336 17,542 MS 7,083 40 1,087 1,746 1,860 1,993 - 1,381 1,983 - - 8 17,180 FL 5,714 303 464 1,552 1,301 1,833 - 1,367 2,652 - - 1,900 17,085 MD 5,578 202 647 2,550 1,984 2,350 - 714 2,784 - - 229 17,036 LA 5,701 459 378 1,879 1,147 1,787 - 1,542 2,738 - - 1,255 16,887 TN 7,416 485 303 1,402 2,661 1,580 - 1,807 1,022 - 67 0 16,743 PA 7,298 57 378 1,703 1,837 2,511 - 613 2,326 - - - 16,723 WI 6,689 176 536 1,961 2,296 1,242 - 592 2,647 - - 489 16,628 MA 6,990 0 117 1,817 2,076 2,334 - 543 2,119 - - 621 16,616 CA 7,193 96 158 1,927 2,216 1,844 - 2,149 966 - - 8 16,556 IN 7,362 208 496 1,319 1,056 2,324 - 1,072 1,797 - - 9 15,643 OK 7,495 421 541 955 1,275 1,430 - 1,790 1,650 - - 39 15,596 AR 5,540 488 718 1,310 885 1,458 - 1,487 2,864 - - 732 15,483 WA 6,464 216 203 1,057 1,179 1,539 - 1,115 3,331 - - - 15,103 KS 6,020 172 475 1,952 1,372 1,207 - 1,370 1,765 - - 213 14,546 UT 5,822 56 909 1,452 1,570 1,856 - 1,059 1,539 - - 41 14,305 CO 5,324 220 97 1,077 1,694 1,641 - 486 2,082 - - 1,261 13,883 Source: IPEDS Data Center, excludes System Offices Median 18,340 Source: State University of New York
Expenditures per FTE Student to SUNY Campuses, 2015-2016 State University of New York (SUNY) Expenditures Per FTE By Category for State-operated Campuses Ranked High to Low on Total Expenditure Per FTE Operation / Academic Student Institutional Maintenance of Scholarships Auxiliary Hospital Independent State / Campus Instruction Research Public Service Support Services Support Plant and Fellowships Enterprises Services Operations Other Total Upstate Medical University $ 63,190 $ 11,124 $ 421 $ 9,235 $ 3,791 $ 29,276 $ - $ 240 $ 5,204 $ 550,980 $ - $ 113 $ 673,575 SUNY Downstate Medical Center 72,846 12,618 8,745 13,920 4,861 22,069 - 431 1,668 484,015 - 468 621,640 SUNY College of Optometry 52,397 6,498 322 5,526 6,537 24,574 - 192 113 41,702 - 7,217 145,077 Stony Brook University 20,090 4,924 1,074 5,051 2,161 5,007 - 961 3,690 47,516 - 164 90,639 SUNY at Albany 13,814 19,534 4,566 3,636 1,344 5,148 - 1,010 4,252 - - 222 53,527 SUNY College of Environmental Science and Forestry 15,238 8,838 1,150 5,891 2,516 5,754 - 1,183 626 - - 119 41,315 University at Buffalo 16,949 4,685 462 4,736 1,283 4,775 - 844 3,030 343 - 93 37,203 SUNY Maritime College 11,277 226 681 4,337 4,330 4,371 - 538 4,367 - - 152 30,278 SUNY at Purchase College 11,028 29 666 5,049 2,414 4,497 - 1,114 4,269 - - 489 29,555 SUNY at Binghamton 11,043 1,805 390 3,383 1,781 2,766 - 583 7,162 - - 101 29,013 SUNY College at Potsdam 12,873 51 537 2,691 2,533 4,468 - 1,347 3,191 - - 643 28,333 Morrisville State College 11,167 13 329 4,194 1,660 3,365 - 2,211 3,263 - - 692 26,895 SUNY College of Agriculture and Technology at Cobleskill 8,340 159 332 4,348 2,504 5,697 - 1,385 3,573 - - 35 26,375 SUNY Buffalo State 10,243 360 2,119 2,315 1,549 4,294 - 975 3,007 - - 150 25,013 SUNY College at Oswego 10,707 216 670 1,952 2,389 2,357 - 1,280 4,852 - - 409 24,832 SUNY at Fredonia 11,346 31 767 1,784 1,891 2,829 - 1,182 3,767 - - 663 24,259 SUNY College at Plattsburgh 11,413 75 1,000 1,853 2,607 2,655 - 1,172 3,168 - - 259 24,202 SUNY College at Brockport 11,725 130 392 2,303 1,799 3,008 - 1,051 3,292 - - 197 23,898 SUNY Oneonta 8,995 39 952 2,340 2,161 3,377 - 1,064 4,313 - - 164 23,405 SUNY Polytechnic Institute 8,866 555 636 3,320 2,489 4,079 - 777 2,187 - - 156 23,065 SUNY College at Geneseo 10,533 70 170 1,550 1,750 3,243 - 905 4,170 - - 505 22,895 SUNY College at Old Westbury 9,722 333 687 1,689 2,585 3,165 - 933 3,542 - - 156 22,812 SUNY College at Cortland 9,686 58 332 2,730 1,581 3,253 - 1,099 3,729 - - 324 22,792 State University of New York at New Paltz 10,444 89 581 1,864 2,332 3,042 - 844 2,948 - - 563 22,707 SUNY College of Technology at Alfred 9,859 51 70 1,395 1,956 2,954 - 1,503 3,868 - - 253 21,909 SUNY College of Technology at Canton 8,398 18 163 844 4,347 2,770 - 1,605 2,408 - - 336 20,889 SUNY College of Technology at Delhi 9,055 35 140 1,172 1,710 3,314 - 1,377 3,006 - - 490 20,299 Farmingdale State College 9,515 171 709 1,606 2,172 2,180 - 626 1,115 - - 107 18,200 SUNY Empire State College 9,153 27 4 467 946 3,138 - 896 49 - - 232 14,912 Source: IPEDS Data Center, excludes System Office Median 24,832 Source: State University of New York
Expenditures by NACUBO Code to SUNY Peers, 2015-2016 Source: State University of New York
Total Buffalo State Capital Budget (in Millions) 2018 2019* 2020* 2021* 2022* 2023* Critical maintenance (CM): Restricted to $14.9 $9.6 $9.6 $9.6 $9.6 $9.6 existing facilities Allocation to campus: Not -- -- -- -- -- -- restricted High-priority CM lump target** $20.4 $24.4 $24.4 $24.4 $24.4 $24.4 Total potential $30 $34 $34 $34 $34 $34 Total need $54 $54 $54 $54 $54 $54 * Future budget years: Five-year plan requiring NYS legislative approval ** High-priority CM lump is allocated by project at the discretion of State University Construction Fund – average campus need Sources: State University Construction Fund, Buffalo State Facilities Planning
Capital Facilities Update RECENTLY COMPLETED IN PLANNING AND DESIGN Jacqueline Vito LoRusso Alumni and Visitor Center Central Heating Plant Reconstruction Project cost: $5.45 million Project cost: 20.8 million Construction finish: Summer 2018 Construction start: Winter 2018/19 Bishop Hall Renovation Construction finish: TBD Project cost: $16.1 million Construction finish: Summer 2018 Iroquois Drive Reconstruction Project cost: $7.9 million Construction finish: Fall 2022 IN CONSTRUCTION Tower 2 Renovation Science & Mathematics Complex - Phase 4 Project cost: $15.5 million Project cost: $35.5 million Construction finish: Summer 2020 Construction finish: Spring/Summer 2020 Building 50 Rehabilitation Academic Commons, Butler Library Project cost: $16.1 million Project cost: $14.8 million Construction finish: Spring 2020 Construction finish: TBD Tower 3 Renovation Project cost: $14.75 million Construction finish: Summer 2019 For more information: Buffalo State project profiles Upton Hall Renovation, Phase 1 Project cost: $5.5 million Construction finish: Winter 2018/19 Source: Buffalo State Facilities Planner
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