FY 2003 Budget Plan

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FY 2003Budget Plan

• Oklahoma State University
• All Agencies

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Contents

• FY 2003 State System Budget Information
• OSRHE Allocations to OSU Budget Agencies
• General University
• Agricultural Experiment Station Oklahoma
  Cooperative Extension Service
• Okmulgee
• College of Veterinary Medicine
• Oklahoma City
• Center for Health Sciences
• Tulsa

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FY 2003 State System Budget Information

• The State Legislature took several actions
  important to higher education and to OSU during
  the 2002 session
• Base appropriations for the higher education
  system were reduced 0.4
• Institutions appropriations were reduced an
  average of 2.0

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FY 2003 State System Budget Information Contd.

• OSU and the constituent agencies received an
  overall decrease of 3.4M, or -1.5
• OSU General University received a 2.0 decrease
  in appropriations
• Approved tuition increases of up to 7 for
  residents and nonresidents and up to 15 for
  resident and nonresident professional

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OSRHE Budget at a Glance

• Total 2002-2003 Appropriations 851.3 M
• Total 2001-2002 Appropriations 854.8 M
• ________
• Decrease from 2001-2002 - 3.5 M (0.4)
• Of this 851.3M, 44.8M (5.3) is from Rainy
  Day funds.

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Appropriations to All OSU Budget Agencies
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FY 2003 Source of RevenueAll OSU Agencies
Total Revenue 582.8M
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FY 2003 Budget Plan

• Oklahoma State University
• General University

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Contents

• FY 2003 Source of EG Revenue
• FY 2003 Expenditures by Function
• FY 2003 Expenditures by Object
• Trends
• Managing Uncertainty

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FY 2003 EG Revenue Part 1OSU General
University
BUDGET 2001-2002
BUDGET 2002-2003
Tuition/Student Fees 28
Tuition/Student Fees 32
10 Other
10 Other
58 State Appropriations
56 State Appropriations
4 Prior Year Bal.
2 Prior Year Bal.
Total Revenue 204.8M Student Enrollment
(Actual) 21,583 Headcount 17,997 FTE
Total Revenue 205.0M Student Enrollment
(Est.) 22,446 Headcount 18,717 FTE
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FY 2003 EG Revenue

• Budget Change
• (M) from FY02
• State Appropriations 115.3 -2.0
• Tuition Fees 65.5 13.0
• Gifts Grants 15.0 9.6
• Other Earmarked Revenue 6.1 -12.9
• Prior Year Balance 3.1 -63.6
• Total 205.0 0.1

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FY 2003 EG Expenditures by Function

• Budget Change
• (M) from FY02
• Instruction 91.0 0.4
• Research 15.0 -1.6
• Public Service 3.7 0.9
• Academic Support 33.9 -0.3
• Student Services 11.1 -4.3
• Institutional Support 11.2 -2.6
• Operation Maintenance of Plant 20.7 -3.5
• Scholarships Fellowships 18.4 10.4
• Total 205.0 0.1

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FY 2003 EG Expenditures by Object

• Budget Change
• (M) from FY02
• Salaries Wages 106.5 1.8
• Fringe Benefits 27.8 3.0
• Travel 1.7 0.2
• Utilities 8.5 -12.6
• Supplies Equipment 37.8 --7.5
• Library Books Periodicals 4.3 0.4
• Scholarships Other Assistance 18.4 10.4
• Total 205.0 0.1

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Trends General University Funding Total
Current Fund Revenues
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Trends Base Appropriations
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Trends Base Appropriations Per FTE Student
Estimated.
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Trends Projected FY 2003 Regional Resident
Undergraduate Tuition
3,516-3,617 (4.7-7.7) U. of CO
4,956 (1) U. of MO
3,484 (22) KSU KU Avg
3,257 (8) NMSU UNM Avg
3,025 (8)
4,456 (15) U. of AR
4,411 (17) Avg of UT, TX Tech, Texas AM
States with tuition fees higher than OSU
Note Number in parentheses represents the
percentage increase from FY 2002. New Mexico
universities based on a probable 8 increase.
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Trends Fall EnrollmentIncreasing Undergraduate
Headcount
Excludes Vet Med and includes OSU-Tulsa.
Estimated.
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Trends Fall EnrollmentIncreasing Graduate
Headcount
Excludes Vet Med and includes OSU-Tulsa.
Estimated.
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Trends 6-Year Graduation Rate
Beginning Freshmen Class of
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Trends Degrees Granted
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Trends Faculty Positions
Increase in of positions from FY96 to FY03
estimate 118 (13.6)
Includes tenure-track faculty excludes Vet Med
Library. Estimated.
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Trends Total FA Cost Recovery
Estimated.
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Trends Faculty SalaryComparison to Big 12
A
B
C / D
Big 12 Avg / E
F / G
H / OSU / J
K
Note U. of Colorado 1997-98 data not
available 3.8 increase estimated based on
communication with institution. Source Faculty
Salary Survey by Discipline, Office of Planning,
Budget Institutional Research, OSU.
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Trends Institutional Support Costs of EG
Revenue
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Raise Program for FY 2003???

• Due to appropriation reductions and the
  uncertainty of state revenues,
• it is not recommended
• that the university plan for a raise program
• for FY 2003.

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Managing Uncertainty

• Tuition pricing strategy
• The university will develop a comprehensive plan
  regarding the cost of attending OSU. The plan
  not only will involve determining what tuition
  rates should be relative to peers, it will also
  include careful consideration of tuition waiver
  and scholarship programs.

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Managing Uncertainty Contd.

• OSRHE Master Lease Program
• The university will more fully develop the
  opportunity to fund major instructional and
  research equipment through the OSRHE Master Lease
  Program.

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Managing Uncertainty Contd.

• Energy conservation management
• Physical Plant Services will continue to analyze
  the consumption of energy across the campus to
  identify additional opportunities to conserve
  energy. The university will continue to monitor
  the price of energy and lock in contracts at
  favorable prices. In addition, we will look for
  partnerships with other agencies and
  organizations to cooperatively achieve better
  prices on energy.

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Managing Uncertainty Contd.

• Space utilization study
• A task force has been created to review the
  utilization of all classroom space. The group
  has been charged with the task of analyzing
  weekly room hour rates, seat utilization rate,
  ownership, and scheduling practices. The goal
  is to avoid the need to create additional
  classroom space for as long as possible.

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Managing Uncertainty Contd.

• Monitoring open positions
• The university will continue to monitor all
  vacant staff and faculty positions in an effort
  to create as much flexibility as possible and to
  provide funds for potential reallocation.

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Stillwater