State support budget plan

Four Year Tuition Plan
Pro Forma
                               
  Year One     Year Two     Year Three     Year Four  
State Supported %   State Supported %   State Supported %   State Supported %
  Budget Funding   Budget Funding   Budget Funding   Budget Funding
  (in millions) Guideline   (in millions) Guideline   (in millions) Guideline   (in millions) Guideline
                               
Planned Enrollment adjustments:                              
Beginning FY FTES Headcount Enrollment   14,500       15,000       15,000       15,350  
Ending FY FTES Headcount Enrollment   15,000       15,000       15,350       15,350  
Enrollment Increase (500 FTES)   500       0       350       0  
                               
FY 2003 State Supported Base Budget   $ 200.00 72%     $ 214.05 71%     $ 224.40 70%     $ 234.70 69%
General funds   $ 100.00       $ 102.00       $ 102.00       $ 104.04  
                               
FY 2004 Expenditure Increases                              
Salary Increments   2.50       3.00       3.20       3.40  
Fringe Benefits   0.60       0.70       0.75       0.80  
New Facilities operations   2.50       3.00       0.00       0.00  
Need based Financial Aid**   0.60       0.60       0.80       0.80  
ARB Debt   0.05       0.05       0.05       0.05  
Program Enhancements   2.80       3.00       3.50       8.00  
Other (provide detail)   0.00       0.00       2.00       0.00  
Sub Total Expenditure Increases   $ 9.05       $ 10.35       $ 10.30       $ 13.05  
                               
Expenses related to Enrollment Increase   5.00       0.00       3.50       0  
                               
                               
FY 2004 Estimated Total Budget   $ 214.05       $ 224.40       $ 234.70       $ 247.75  
                               
Increment needed to balance   $ 14.05       $ 10.35       $ 10.30       $ 13.05  
                               
Less:                              
Efficiency effort (% of FY 2003 total budget) 2% (4.00)     1% (2.14)     2% (4.49)     2% (4.69)  
Estimated State Appropriations Increase*** 2% (2.00)     2% (2.04)     0% 0.00     2% (2.08)  
Additional Revenue needed to balance   $ 8.05       $ 6.17       $ 5.81       $ 6.28  
                               
Tuition and Fee Increases:                              
Average % inc. in tuition revenue* 6%       5%       5%       5%    
Resident tuition*   5.00       4.75       5.00       5.25  
Non-Resident tuition*   1.00       0.75       0.80       1.00  
Revenue from Enrollment Increases   3.40               2.70          
Revenue from State Supported Fees*   0.50       0.75       0.50       0.50  
                               
Total Planned Tuition & Fee revenue Inc.   $ 9.90       $ 6.25       $ 9.00       $ 6.75  
                               
Transfer to (from) reserve   $ 1.85       $ 0.08       $ 3.19       $ 0.47  
                               
Estimated Guideline Percent     71%       70%       69%       72%
                               

*See Tuition and Fee Schedule for individual rate increases.

** Estimate of additional need based financial aid required by tuition increases.

*** Expected increase in General Funds Only