University of Colorado at Boulder Financial Overview

1
University of Colorado at BoulderFinancial
Overview

• Regents Strategic Planning and Budget Retreat
• Durango, Colorado
• June 2006

2
FY2007 Proposed Budget

• Restricted fund - 261 million (30)
• Auxiliary fund - 201 million (23)
• General Fund - 418 million (47)
• Total proposed current funds 881 million

3
FY 2007 Proposed Budget
FY2007 Current Fund Revenues

• Restricted funds are gifts, grants contracts,
  and non-institutional financial aid
• Auxiliaries include Housing, Bookstore,
  Continuing Education, UCSU cost centers and other
  self-funded departments
• The campus operating budget, the General Fund, is
  primarily State funding, ICR, and 88 of total
  tuition and fees
• Tuition and fees is largest revenue category

880.6M
4
Restricted Fund

• Research activity steady
• Expenditures decreased from peak of 271 million
  in FY05 to mid 260 million for FY06 and FY07
• Gifts
• 2nd largest component in restricted fund
• Approximately 34 to 35M annually
• Other restricted fund activity
• Pell and work study federal funding 11M annually
• CCHE financial aid 6.4M FY07

5
Sponsored Research 1968-2007
6
Research Awards by Funding Agency
7
Auxiliary Fund

• Auxiliary fund activities are conducted to
  provide services and support for the Boulder
  campus
• Resource management can be restricted per bond
  covenances and Federal Cost Accounting Standards
• Auxiliary fund activity exceeds 200 million
• Auxiliary enterprises are 90 of the auxiliary
  fund and the largest is Housing 59 million
• UCSU 33 million, one of largest student
  governments

8
Auxiliary Fund Highlights

• Housing
• Implementation of the Residential Campus 2020
  plan
• Renovation of Kittredge community
• Upgrading other residence and dining rooms
• UCSU
• Volunteer Clearing House internship program
• Environmental Center refurbished computers for
  financially disadvantaged pre-collegiate students
• Recreation outdoor facilities
• Co-gen energy optimization
• Upgrade to plant currently under study
• Purchasing power from Xcel when cost effective
• Investing in additional external power feed to
  ensure reliability

9
General Fund

• Tuition 291 million (70)
• State funding 72 million (17)
• ICR 41 million (10)
• Fees and Other 14 million (3)
• Compensation two-thirds of expense
• Financial aid, utilities, and library materials
  high growth items

10
Faculty Compensation Percentage Difference to
Peer Average
11
General Fund Revenue Sources
12
State Tuition per Resident (adjusted dollars)
13
2005-06 UG Resident Tuition Fees Selected
Colorado (dark blue) and AAU Publics
14
Tuition Rates UCB as Pct AAU Public Avg
15
Low tuition does not ensure high percentage Pell
16
Grant aid excluding State and federal as of FY
tuition revenue
17
Fall Headcount, Degree-Seeking Students
18
Boulder Campus Fall Headcounts

• Fall 05 Proj Fall 06 06-05
  06-03
• By residency -- includes non-degree students
• Residents 20,322 20,097 (226) ( 6)
• Non-Res 8,793 8,715 ( 79) (1011)
• Total 29,115 28,812 (304) (1016)
• By level, degree-seeking students only
• New frosh 5,007 5,470 463 ( 101)
• Other UG 19,216 18,297 (919) ( 672)
• Graduates 4,401 4,553 152 ( 58)
• Total 28,624 28,320 (304) ( 831)

19
Non-resident Recruitment Efforts

• Implemented flat tuition plan for incoming
  students
• Chancellors Merit Scholarship (top 25)
• Presidents Scholars
• National Council Tour added Spring sessions
• Student-for-a-day programs
• Deans, department chairs, and current students
  contacting admitted students
• Prospective Student Portal implemented
• Housing super-singles and new dining options

20
General Fund Assumptions

• Recommend Option 2 tuition rate increases
• UG resident 2.4
• Grad resident 9
• Nonres UG incoming 2.5
• Nonres grad 1
• Law tuition differential
• Current enrollment estimates are met
• Revised Spring 2006 calculated mandated costs
  covered
• 2M continuing investment funds 1M for Law, 1M
  temporary

21
General Fund Assumptions (cont)

• Salary increases 3.5 merit increase faculty and
  exempt salary survey and additional pay range
  changes for classified staff
• Health insurance 20-30 employer paid increase
• Other expense increases utilities (20)half for
  new Law and Atlas buildings, and library
  materials (8)
• Expense offsets CUF payment removed insurance
  premium reduction and, use of FY06 enrollment
  funding and tuition rewrite
• Investments in faculty lines, academic and
  student services, diversity, and Law School

22
Typical Cost of Attendance Example for an
academic year full-time, resident undergraduate
Arts and Sciences student
Note The tuition line only represents the
students share and does not include the COF
stipend Other is based on estimates
established by CCHE
23
FY2007 Investments - 1

• Faculty lines Tenured and tenure-track faculty
  to enhance research capabilities and graduate
  education
• Diversity Need-based financial aid to support
  goals of Blue Ribbon Commission
• Writing program Expand first-year writing course
  to all new freshmen

24
FY2007 Investments - 2

• Academic advising Reduce student-advisor ratio
  to improve time to degree
• Residential colleges Expansion of Libby RAP and
  development of second-year honors RAP
• University 101 temporary funding for 2-year
  pilot program
• Compliance and financial management Conflict of
  interest in research faculty personnel
  management accounting

25
FY2007 Investments - 3

• Law School
• 2K/AY generates approximately 1M
• Use of differential
• Scholarships (350K)
• Program enhancements for Legal Writing (79K)
• Faculty summer research salaries, faculty
  recruitment, retention, and equity (430.5K)
• Technology support and investments (84.5K), and
• General operating support (56K)
• Planned reduction of campus subsidy

26
COMMENTS DISCUSSION
27
FY2007 Tuition Rate

• AS UG Res Term Tuition Credit Hour Adjustment
• 6 Credit Hours - 1,482 to 1,518 (2.43,
  36/term)
• 10 Credit Hours - 2,223 to 2,403 (8.10,
  180/term)
• 15 Credit Hours - 2,223 to 2,403 (8.10,
  180/term)