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Colorado State University SystemBoard of Governors Meeting AgendaJune 10-11, 20211BOARD OF GOVERNORS MEETINGJune 10-11, 2021Grand Hyatt, Denver, COTHURSDAY, JUNE 10, 2021COMMENCE BOARD RETREATWelcome and Setting the Stage – Tony FrankCourageous Strategic Transformation – Joyce McConnell (1.5 hrs)9:00 a.m. – 9:15 a.m.9:15 a.m. – 10:45 a.m.Break (15 mins)Discussion (1.5 hrs)LunchFebruary Rural Retreat Follow up (1.5 hrs)11:00 a.m. – 12:15 p.m.12:15 p.m. – 1:00 p.m.1:00 p.m. – 2:30 p.m.Break (15 mins)Student Success (1.5 hrs)Board Dinner – Cholon, 1555 Blake Street, Ste 101, Denver CO, 802022:45 p.m. – 4:15 p.m.5:30 p.m.FRIDAY, JUNE 11, 2021COMMENCE BOARD MEETING9:00 a.m. – 1:00 p.m.BOARD MEETING – CALL TO ORDER1. BOARD CHAIR’S AGENDA (5 min) (3)Oath of Office for New Faculty and Student Representatives – Jannine Mohr9:00 a.m. – 9:05 a.m.2. PUBLIC COMMENT (15 min) (4)9:05 a.m. – 9:20 a.m.3. CHANCELLOR’S REPORT (25 min) (5)9:20 a.m. – 9:45 a.m.4. AUDIT AND FINANCE COMMITTEE (1.5 hrs) (6)9:45 a.m. – 11:15 a.m.Russell DeSalvo, ChairFinance Items State Budget Update (9) FY 2022 Campus Budget Scenarios (12) Action on Adoption of FY 2021-2022 E & G Incremental Budget and Related Items (37) Action on Adoption of FY 2021-2022 Combined Campuses Capital Construction Prioritization List and CapitalIT Prioritization List (39) Action on the 2 Year Cash Funded Capital Construction List (42) Action on CSU Daily Parking Permit Discount for FY 2022 (45)Page 1 of 2
Colorado State University SystemBoard of Governors Meeting AgendaJune 10-11, 202125. ACADEMIC AND STUDENT AFFAIRS COMMITTEE (5 min) (128)11:15 a.m. – 11:20 a.m.Steve Gabel, Chair CSU Faculty Manual Change: Section E.15 Disciplinary Action for Tenured Faculty (130)6. REAL ESTATE/FACILITIES COMMITTEE (15 min) (133)Russell DeSalvo, ChairExecutive Session11:20 a.m. – 11:35 a.m.Open SessionAction on Acquisition of 16 Shares of North Poudre Irrigation Company for CSU (135)7. APPROVAL OF CONSENT AGENDA (5 min) (137)11:35 a.m. – 11:40 a.m.Colorado State UniversityFaculty Manual Change: Section E.15 Disciplinary Action for Tenured Faculty8. EXECUTIVE SESSION (10 min) (141)11:40 a.m. – 11:50 a.m.LUNCH (15 min)9. EVALUATION COMMITTEE (1 hrs) (142)Armando Valdez, ChairADJOURN BOARD MEETING12:05 p.m. – 1:05 p.m.1:05 p.m.Next Board of Governors Board Meeting: August 5-6, 2021, CSU GlobalAPPENDICES (143)I.Correspondence (144)Page 2 of 2
3Section 1Board Chair’s Agenda
4Section 1Public CommentThis Section intentionally left blank
5Section 3Chancellor’s Report
6Section 4Audit and Finance Committee
BOARD OF GOVERNORS OF THECOLORADO STATE UNIVERSITY SYSTEMAUDIT and FINANCE COMMITTEE MEETING AGENDAJune 2021Finance1. FY 2022 Campus Budget Scenarios Action on Adoption of FY 2022 E&G Incremental Budgets and Related Items2. Action on the Adoption of the FY 2021-22 Combined Campuses Capital ConstructionPrioritization List and Capital IT Prioritization List3. Action on the 2-Year Cash Funded Capital Construction List4. Action on CSU Daily Parking Permit Discount for FY 20227
8Finance CommitteeJune 11, 2021
9State Budget Update
10State Budget UpdateThe Long Bill includes an 81.8 million increase (9.6%) in funding for highereducation institutions. The CSU System’s portion of the funding increase is 12.5million (7.3%).Funding was allocated through a new funding formula.Step 1: 4.8 million - based on student headcount for Pell grant, first generationand underrepresented minority students.Step 2: 4.5 million based and Performance Funding metrics and 3.2 millionfor SEP programs.Approval for a 3% increase in resident, undergraduate tuition.
11State Budget UpdateSeparate from the higher education funding model, the CSU System willreceive 1.2M for cyber security initiatives.CSU will receive 760,000 for network hardware upgrades and 4.2million for state-funded controlled maintenance projects.CSU-Pueblo will receive 3.0 million for state-funded controlledmaintenance projects and 17 million for the Technology BuildingRenovation and Addition.
12FY22 Campus Budget Scenarios
13Decisions to Finalize FY 21-22 Campus Budgets State Funding: Overall increase of 12.5 million (7.3%), not appropriated proportionally to eachcampus. Tuition Policy: Fort Collins and Pueblo budgets are presented with flat and 3% increase scenarios. BOG vote after campus presentationUse of Federal Funds: As the year has progressed, new federal dollars were able to replace theadditional support and improved enrollment have closed the original shortfalls, thereby eliminatingthe need for BOG resources. No action neededNo action neededBOG CERF: Board Strategic Reserve support is requested for FY 22. BOG vote after campus presentations
Summary of FY 2022 Budget Outlook for Fort Collins and Pueblo(Dollar amounts in millions)Incremental Revenue and Expenses for Fort Collins and Pueblo Campuses Assumptions for both scenarios are in the subsequent budget sheets Additional balancing action not shown Consideration of any ongoing FY 23 issues unique to each campus to be discussed with budget sheets14
15CSU System FY 22 Budget As previewed in May 2021, the CSUS Office budget reflects continuation of operationsas well as the accelerating amount of new activity related to the Spur Campus. Theseinclude new resources for education programming, international agriculture, andpublication of State magazine. FY 22 will continue reduced campus contributions to support balancing efforts. Aftercampus contributions, the remainder of the CSUS Office budget is financed from theBoard of Governor’s Strategic Reserve. These supports are reflected in the reservecommitment sheet and the reserve balance summary. FY 22 commitments from the Strategic Reserve are presented for information only atthis meeting. An action item will be presented to the BOG in December 2021.
16Colorado State University
17Colorado State UniversityFY 22 Budget SchedulesBoard of Governors MeetingJune 9-11, 2021Included in the following pages are the Executive Summary and the FY22 Budget Schedules. Included within theAppendix to the Finance Committee materials are the following documents: FY22 Tuition, Differential Tuition and Student Fee SchedulesFY22 Charges for Technology Report and ManualFY22 Cost of Attendance FY22 Student Course FeesFY22 Room and Board RatesFY22 Enrollment SummaryE&G Incremental Budget: As CSU moves forward, past the significant impacts of COVID19, revenue sources are movingin the direction of matching and exceeding those of FY19, our last fiscal year without COVID19 impacts. From a tuitionperspective, CSU has performed better than projected in attracting new students and encouraging those already enrolledto return, although their student experience was impacted because of the COVID19 health protocols. Actual enrollmentswere 3% better than projected resulting in an overall decline of 5% as compared to the 8% projected. As a result, ourtuition revenue, along with the 3% tuition increase, is up 23M for FY22.As we look forward to the actual enrollments for Fall 21, we are excited to see that the number of applications and admitsare exceeding those of both of Fall 19 and Fall 20 and deposits are mirroring those of Fall 19. If this trend continues, weanticipate that the number of new students for Fall 21 will match or exceed those of Fall 19, resulting in additional tuition,through enrollment growth, for FY23 of over 6M, net of financial aid.In FY21, the net reduction in State funding was over 7M, after taking into consideration an 85M infusion of FederalCares Act funding. For FY22, the State, in addition to returning Higher Ed to the FY20 funding level, is also providing anadditional 11M in new resources to CSU, totaling an increase in State funding of 18.4MThese additional resources are allowing CSU to move forward with investments in our employees, through salary increasesand recognition of faculty promotions, and continued support of our mandatory costs. The salary increases for StateClassified employees and Graduate Students will be effective July 1 with Faculty and Administrative Professional increasesbeing implemented January 1, 2022.In moving towards a balanced budget, CSU is realizing 2M in cost savings, in addition to the 17M realized in FY21,associated with the Voluntary Retirement Incentive Program (VRIP) for FY22. These savings represent the participation ofover 150 employees with approximately half of the positions being refilled. An additional round of the VRIP will be offeredduring June 2021 with anticipated savings to match or exceed those of the current plan with the permanent base savingsbeing realized in FY23. The overall shortfall for FY22 is 12.9M. We expect with enrollment growth and small investmentsfrom the State this base budget shortfall will resolved prior to the end of FY24, at the latest.Following are more specific details of the E&G Budget:Tuition Rates for resident undergraduates are proposed to increase by 3% from FY21. The total tuition and fee increasesare 3.2%, and the cost of attendance increase is 4.2%. Undergraduate differential tuition rates will mirror the resident andnon-resident undergraduate rate of 3%. Tuition rate increases for non-resident undergraduates and our graduate studentsare proposed to increase by 3% from FY21, as well as the PVM program rates for resident and non-resident students.Housing and Dining rate changes, housing rates range from 2.5% to 4.76% and dining rates range 0% to 5.4% increase,are based on the need to maintain the quality balanced against market rates in the private sector locally and at otherpublic universities across Colorado.Student Fees. Mandatory student fees are considered throughout the year by the Student Fee Review Board, which votesthem forward as a recommendation, with the Student Senate voting to certify the SFRB process. Charges for technology
18are voted forward by representative student boards in each college and the University Technology Fee Advisory Board forcampus wide technology fees. Facility and Alternative Transportation fees are voted forward as a recommendation bythe respective Student-Lead Fee Review Board. All fee board recommendations are also reviewed and approved bySFRB. These recommendations are reviewed by the President’s Cabinet and presented to the Board with therecommendation of the University and ASCSU Presidents.Special Course Fees represent expenses related to a specific class. These fees follow Board guidelines and arerecommended by the Special Course Fee Review Committee, chaired by the Vice Provost for Undergraduate Affairs. Thenet impact of these changes is 1,916 (which, in turn, equates to less than .01% of the total university budget).In summary, all these recommendations represent the culmination of more than a year’s worth of discussion, includingdiscussions with this Board at each meeting. They strike a balance that recognizes affordability issues but also maintainsquality and limits growth outside the academic core of the university. They are beneficial to Colorado State University andthe constituents we serve.
19Colorado State UniversityFY22 Budget Executive SummaryRate IncreasesTuition:Resident Undergraduate 3%Non-Resident Undergraduate 3%Resident Graduate 3% and Resident PVM 3%Non-Resident Graduate 3%& Non-Resident PVM 92,7622,90713,03850,479Fees/Increases:Mandatory Student Fees 3.8%Housing 2.5% - 4.76%Dining 0%- 5.4%Salaries: Faculty & Admin Pro 3% average;State Classified 3% averageChange % Change NRUG2833.0% Tuition1913.8% FeesFY2128,14735.1% R&B4.2% Total6681,042Change % Change NRG3153.0% Tuition1913.8% Fees35.1% R&B4.1% Total6681,0742Change % Change NRPVM1,0403.0% Tuition11455.2% Fees13,70652,33235.1% R&B3.7% Total6681,853FY2228,991Change844% 6681,6035.1%3.7%FY2125,791FY2226,564Change773% 6681,5325.1%3.7%FY2157,732FY2259,464Change1,732% 76682,5455.1%3.5%1Based off 12 credit hours fall and spring/PVM based on 21 credits, rate will be higher than if based on 15 credit hours2PVM Tuition does not include Nonresident/WICHE facilities and use charge assessments 500.50 per term for non-sponsored students3Housing based on a "Suite Style Double (Braiden)" room and "Any 15" Meal Plan.Undergraduate Differential Tuition RatesFY21Rate/SCHIncreaseGraduate Program Differential Tuition RatesFY22Rate/SCHLevel I 55.00 2.00 57.00Level IILevel III 72.00 95.00 2.00 3.00 74.0098.00See Graduate Program Differential Schedule for DetailsSpecial Course FeesProposals for FY22# of ProposalsNew FeesChanges to Existing FeesDiscontinued Fees6225Est. Revenue 14,9457,652(20,680)
20CSU-Fort Collins Revised Funding Shortfall (Budget)Resources:Student tuition and fees (Less COF)Enrollment Growth (UG & GR)Tuition RateState fee for service revenue (with COF)State Funding Impact (FY19-20 levels)State Funding Additional 'sCARES (1X)Grants and contractsDirectIndirect (F&A)Sales and services of educational activitiesPVM, AES, CES - Cash OperationsAuxiliary enterprisesHousing and Dining ServicesLory Student CenterAthleticsOther (CSUHN, Parking, Campus Rec, STUORG)Other operating revenueSeedling Tree, GENOPS, Continuing EdTotal ResourcesExpenses:Total Expenses (includes Financial Aid)COVID Expenses (Screening, testing, contract tracing, quarantine,revenue losses)Permanent Base ReductionsSystem Office ReallocationTotal ExpensesNet General Fund ImpactLess: One-Time FY21 ResourcesPlanned Board Reserve DrawPlanned Scoop & Toss DrawHEERF IIHEERF IIINet ShortfallOriginalFY21FY20 3% TuitionAdjustedFY21FY22 - Incremental 436,191,460 403,179,642 411,985,642 10,874,00012,033,00022,907,000149,975,416 149,975,416 62,803,527 79,554,679142,358,206 57,947,681 84,410,525142,358,206 7,617,00010,826,00018,443,000 308,704,707 54,000,000362,704,707 308,882,948 54,000,000362,882,948 308,882,948 54,000,000362,882,948 1,000,0001,000,000 59,746,799 46,115,152 46,115,152 - 93,683,100 32,281,30048,436,86674,539,472248,940,738 48,176,800 26,624,50033,756,74064,254,555172,812,595 48,176,800 26,624,50033,756,74064,254,555172,812,595 - 66,242,932 1,323,802,052 63,616,006 1,190,964,549 63,616,006 1,199,770,549 42,350,000 1,323,802,052 1,246,783,549 1,246,783,549 (24,235,000) 1,323,802,052 (17,000,000)(550,000)1,229,233,549 14,685,241(17,000,000)(550,000)1,243,918,790 (2,000,000)(26,235,000) - (38,269,000) (44,148,241) 16,115,000 - 20,000,000 18,269,00038,269,000 19,449,66824,698,57344,148,241 (15,000,000)(14,019,000)(29,019,000) - - - (12,904,000)
21FY22 Incremental E&G Budget - V.7.0Colorado State University - Fort CollinsFriday, May 21, 2021Rate 3% - RUGState JBC Figure SettingRaises - 3.0%New ResourcesTuitionUndergraduate-Enrollment GrowthIncrease in FTEChange in mix - RES vs. NRESUndergraduate Rate IncreaseResidentNon-ResidentGraduate-Enrollment GrowthIncrease in FTEChange in mix - RES vs. NRESGraduate Rate IncreaseResidentNon-ResidentProfessional Veterinary Medicine Rate IncreaseDifferential TuitionTotal TuitionState Funding ImpactAdditional State FundingFacilities and Administrative OverheadOtherTotal New ResourcesFinancial AidNet New ResourcesNew ExpensesMulti-Year Central Investments in Strategic InitiativesFaculty/Staff CompensationAcademic Incentive FundingMandatory CostsQuality EnhancementsBudget ReductionTotal New ExpensesNet New Incremental Budget ResourcesOne-Time FY21 Backfill Resources:Planned Board Reserve DeploymentPlanned Strategic Financing ResourcesTotal Base Budget Overage (Shortfall)1% RUG Increase student share 94/yr.1% Increase NRUG student share 281/yr. 4,885,0004,536,000812,000245,000 0,826,000510,00041,860,000 7,387,00034,473,000 0,000) 18,358,000 16,115,000 (15,000,000)(14,019,000) (12,904,000)1% RUG Increase 1.5M1% NRUG Increase 1.4M1% Salary Increase 4.6M ( 4M Fac/AP;Tuition Enrollment Increase @ FY20 levelBase AssumptionsResident Undergraduate 3%; 283/yr.Non-Resident Undergraduate 3%; 844/yr.Resident Graduate 3%; 315/yr. and Resident Professional Veterinary Medicine 3%; 1,040/yr.Non-Resident Graduate 3%; 773/yr. and Non-Resident Professional Veterinary Medicine 3%; 1,732/yr.Differential Tuition - UG 3% (est. round to whole number)Salary Increases Faculty/AP -3%Salary Increases SC - 3%Salary Increases GA - 3%Internal Reallocations/Budget Reductions -0.72%Fees - 4.33% based off 15 credit hours fall and spring2,993,0004,756,000
FY22 Incremental E&G Budget - V.7.0Colorado State University - Fort CollinsFriday, May 21, 202122FY 22 MODELS3% Tuition3% Salary SC/GR3% Tuition3% FAC AP - Jan 13% Salary AllFY 22FY22FY 23 MODELSFY24 MODELAssumptionsFY 25 MODELSAssumptionsAssumptionNew ResourcesTuitionEnrollment GrowthRate Increase in FTETotal New TuitionState FundingF&A Overhead RecoveryOtherTotal New Resources 10,874,000 10,874,00012,033,00012,033,00022,907,000 ,000 41,860,000 (7,387,000)(7,387,000)34,473,000 34,473,000 Financial AidNet New Resources400 5,934,0003%9,917,000 15,851,0003%4,824,000 20,675,000Inc Enr Gwth100 1,484,0003%11,079,000 12,563,0003%4,969,000 17,532,00050 742,0003%11,456,000 12,198,0003%5,118,000 17,316,000 20,675,000 17,532,000 17,316,000 New ExpensesMulti-Year Central Investments in Strategic InitiativesHealth Support and SafetyResearch & Scholarship Success Initiative (RSSI)Student Success 300,000 00,000100,000500,000Faculty/Staff CompensationAverage Merit Raises - Faculty/APAverage Merit Raises - SCAverage Merit Raises - GA'sPromotion - Tenure Track (TT)Promotion - Contract Cont. Adjunct Faculty 0,0001,794,000512,000950,000422,000Academic Incentive FundingCollege 236 funding 1/2Provost 236 funding 1/6Differential TuitionPVM tuition sharing2,615,000512,0002,615,000512,000Mandatory CostsFacilities O&M - (New Space)UtilitiesInsuranceHazardous WasteOccupational HealthLibraryInformation SystemsQuality ,358,000 23,863,000(2,000,000) 11,492,000 6,510,000 Budget Reduction - VRIP SavingsTotal New ExpensesNet New Incremental Budget Resources 00245,0006,0005,220,000 16,115,000 10,610,000(29,019,000)(29,019,000) 9,183,000(12,904,000) 11,022,000(3,721,000) 12,096,0007,301,000 (12,904,000) (18,409,000) (3,721,000) 7,301,000 19,397,000One-Time FY21 Backfill ResourcesTotal Base Budget Overage (Shortfall)0%3%3%100,000500,000
23CSU-Pueblo
24COLORADO STATE UNIVERSITY-PUEBLOFY22 BOG – JUNE 2021CSU-Pueblo2021-2022Budget SchedulesIncluded in the following pages are the Executive Summary and the FY22 Budget Schedules. Includedwithin the Appendix are the following documents: Tuition Rate Schedule Extended Studies Tuition Rates Differential Tuition Rates Course and Program Fees Mandatory Student Fees Room & Board Rates Parking rates Cost of AttendanceAll Funds Summary. The all funds summary gives an overview of budget for all operating revenues andexpenses for FY21 and the incremental impact in FY22. The FY22 year displays a scenario with a 3%tuition increase. Included, also, are the assumptions of a 1.5% enrollment growth and a 3% salaryincrease. Notable items are the adjustment to the CARES funding that is reduced from its originalnumber of 10.8m to 5.9m and using System Resources of 4.8m to cover the difference. For FY22,the total incremental net impact of resources less expenses is 2.6m. In addition, in FY21 reliance onone-time resources shifted from Board reserves to the HEERF funding. In FY22, the loss of the FY21resources are projected to be replaced with both HEERF funding and funds from the HSI grant, thusrealizing a projected favorable net of 3.9m.Incremental Budget. As with the all funds summary, the incremental budget is modeling residentundergraduate tuition with a 3% increase. Also, there is a 1.5% assumption included for enrollmentgrowth as well as the addition of state funding in the amount of 2.7m. New resources are 4.4m. Theproposed new expenses total 1.5m with the majority of the expense coming from salary increases of 1.3m. Other new expenses include 665k for mandatory costs and 430k to reinstate institutional aidthat was temporarily cut in FY21. Also, included in the calculation is a decrease in our expected decreasein fringe cost for FY22 and temporary position reductions for a total decrease of 900k.Tuition Rates. As mentioned, tuition rates have been modeled at a 3% increase for all tuition categories.Cost of Attendance. The cost of attendance for resident undergraduate students will increase by 3.4%.This figure includes mandatory student fees and room and board increases.
25COLORADO STATE UNIVERSITY-PUEBLOFY22 BOG – JUNE 2021Student Fees. Mandatory student fees are considered by the Student Fee Governing Board (SFGB),which forwards recommendations to the Associated Students’ Government (ASG) for deliberation. ASGrecommends increases to the CSU-Pueblo President and the Board of Governors for final approval. Thestudents approved a total fee increase of 4.20. In addition, contingent upon programmability, thestructure of how our student fees are assessed is moving from a predominantly per credit hourapproach to a flat rate tiered approach.This new tiered approach will attempt to resolve the decrease in student fees that has been occurringover the last few years. The former application of student fees was only assessed to student credit hourstaken as “Resident Instruction”. With more Residential Instruction students enrolling in ExtendedStudies online courses, it was necessary to create this new fee structure. If new tiered approach is notprogrammable, per credit hour approach will be used.Course and Program Fees. Course fees are governed by the University’s Institutional Fee Plan, whichthe Board approves in August. All of these fees are initiated by the proposing unit in coordination withthe appropriate Dean. They are reviewed by the appropriate Dean, Department Chair, and the twoAcademic Senators from the proposing unit’s school or college. The overall impact of the proposed newcourse fees and adjustments is minimal with an estimated total decrease of 1,500.Housing and Dining Rates. Housing rates will increase overall by approximately 2.2%. The rates includean increase of 50 for the shared bedroom-semi suite with a 70 increase for the unlimited meal plan.Parking Rates. The proposed parking fee returns the rates to what they were in FY20 after they werereduced in FY21 due to the implications of the COVID-19 pandemic.
26COLORADO STATE UNIVERSITY-PUEBLOFY22 BOG - JUNE 2021CSU-PuebloExecutive Summary2021-2022Rate IncreasesTuition:Resident Undergraduate 3%Non-Resident Undergraduate 3%Resident Graduate 3%Non-Resident Graduate 3%Differential 3%Fees/Increases:**Mandatory Student Fees: 10%Housing & Dining: 2.2%Salaries: Faculty and Admin. Pro. 3.0% averageState Classified 3.0% ,46610,67820,905Change190224228643% 438Change387224228839% Change3.0%10.0%2.2%3.3%226224228678% 20Change6722242282,471% Change3.0%10.0%2.2%7.3%*Tuition based on of 12 credit hours each fall and spring**Fees based 12 credits in FY21 and for FY22 based on flat rate tiered structure for fall and springTuition Differential Rates (for designated UATEProposals for FY22New FeesChanges to Existing FeesDiscontinued Fees32.42 0.9733.39GRADUATE151.27 4.54155.81DOCTORATE203.70 6.11209.81Special Course and Program Fees# of031Est. Change in Revenue 0.00 5,500.00- 7,000.00
27COLORADO STATE UNIVERSITY - PUEBLOFY 2022: 3% UG tuition increase; 1.5% enrollment increase; 3% salary increase3% UGTuitionIncreaseOriginalAdjustedFY20FY21FY21FY22 Incremental 43,827,084 37,762,374 38,862,3741,233,000766,790 1,999,790Operating RevenuesStudent Tuition and Fees (less COF)Enrollment Growth (UG & GR)Tuition Rate1State Fee for Service Revenue (with COF)State Funding Impact (FY19-20 levels)State Funding Additional 's2CARES (1X)System Resources (1x)1,059,1081,688,33710,849,369 20,852,203 19,793,6955,993,5234,855,846 003,241,8086,779,2661,580,377 17,797,0515,059,0494,513,7326,671,7401,350,084 17,594,6054,159,0494,076,5406,026,7401,300,084 15,562,413900,000400,000580,000110,000 1,990,0001,425,0001,370,0001,100,000 85,698,442 78,227,778 77,025,58625,000405,000 7,182,235 85,699,042 84,535,872 85,699,042 84,535,872 80,002,7144,667,627 84,670,341 Sales and Services of Educational ActivitiesFee Revenue (transcripts other processing fees)Auxiliary EnterprisesHousing and Dining ServicesOcchiato Student CenterAthleticsOther ( Parking, Student Rec Center)Other Operating RevenueFee Revenue (Monthly Finance Revenue, etc)Non-Mandatory Transfers IN (ES 1x)Total Resources 2,747,445ExpensesTotal Expenses (includes Financial Aid)COVID Expenses (Screening, testing, etc.)TotalNet Impact resources less expenses-Less: One-Time FY21 ResourcesPlanned Board Reserve DeploymentPlanned Strategic Financing ResourcesHEERF I&IIHEERF III (plan to use in FY22)HSI IHSI II12Includes all tuition revenue including Extended StudiesA reallocation in CARES funding reduces this to 5,993,523; difference to be made upwith System ResourcesAll funds Summary - 302,0007,342,755302,0006,308,0947,644,755- 4,603,000(7,644,755) 2,579,2352,698,0003,308,094Net(6,308,094) 832,9641,319,958 3,899,193
28FY 2022 Incremental E&G Budget - V.4.2Colorado State University - PuebloRate 3% - RUG Rate 3%- GRAD State FY20 LevelNew ResourcesTuitionUndergraduate Rate IncreaseResidentNon-Resident (TWOLF & WUE rate)Undergraduate Differential TuitionGraduate Rate IncreaseResidentNon-ResidentResident Teacher Education ProgramGraduate Differential Tuition1Projected Enrollment Change 1.5% tal TuitionState Funding ImpactState Funding Add'lFacilities and Administrative Overhead1,224,7901,059,1081,688,337-2Other ResourcesTotal New Resources 385,0004,357,235 4,050,235Financial Aid307,000Net New ResourcesNew ExpensesPosition Management (includes temporary position reductions and fringe changes)(920,000)Salary Increases (3%)1,350,000Reinstate one-time FY21 Institutional Aid ReductionMandatory Costs430,0003Total New Expenses 665,0001,525,000Net New Incremental Budget Resources 4 2,525,235 (2,698,000)(3,308,094)(302,000)One-Time FY21 Backfill Resources:Planned Board Reserve DeploymentPlanned Strategic Financing ResourcesHSI IOne-Time FY22 Backfill Resources:Add'l ES Transfer Planned Strategic Financing ResourcesTotal Base Budget Overage (Shortfall)1% RUG Increase student share increase of 79/year1% NRUG Increase increase of 161/year1% Salary Increase 450k( 370k Fac/AP; 80k SC)Base Assumptions3% tuition increase for Grad Students1.5% growth in enrollmentSpring Melt 8%Salary Increase Faculty / Administrative Professionals (3% total)Salary Increase State Classified Staff (3% Total)Fees TBD1TBD. Dependent upon advancement of Vision 2028 initiatives.2Projected net margin from Extended Studies; increase in processing fees3This line includes anticipated increases for the following expenses: utilities, maintenance costs, statewide indirect costs, librarysubscriptions, sheriff's contract, payments to risk management (liability and property insurance), information technology inflation,system costs, and audit expenditures.4Increase in non-mandatory transfers/Budget Reductions TBD5 405K is contingent upon growth and financial stability in Extended Studies, transfer could be as low as 250K.405,000TBD (3,377,859)5
29CSU Global Campus
130Colorado State University-Global CampusFY2021 Budget ScheduleBoard of Governors MeetingJune 2021FY2021 Forecast to FY2022 BudgetThe following summary describes changes between the FY2021 Forecast for Colorado StateUniversity Global (CSU Global) and the proposed FY2022 budget. Both the forecast and theproposed budget categorize expenditures in the following categories: InstructionAcademic SupportStudent Services Institutional SupportOperation and Maintenance of PlantDepreciationBased on a projected increase in the number of students with no increase in the tuition ratefrom FY2021, CSU Global projects that total Operating Revenues will increase byapproximately 14%. This increase is based on the expectation of 10,106 new students with anaverage 80% retention rate for continuing student growth. The conservative approach to newstudent engagement aligns with the university’s desire to ensure its ability to successfullyengage and retain our student population. CSU Global will maintain its tuition rates fromprevious fiscal periods a
Colorado State University System Board of Governors Meeting Agenda June 10-11, 2021 Page 1 of 2 BOARD OF GOVERNORS MEETING . June 10-11, 2021 . Grand Hyatt, Denver, CO . THURSDAY, JUNE 10, 2021 COMMENCE BOARD RETREAT . Welcome and Setting the Stage - Tony Frank . 9:00 a.m. - 9:15 a.m.
