Central Washington University Board of Trustees 7/27/2018 ACTION – Fiscal Year 2019 Budget Approval
Central Washington University’s anticipated revenue for Fiscal Year 2019, including all funding sources, will be approximately $307 million. Total university expenses are anticipated to be $307 million. The FY19 operating fund revenues and related expenses are budgeted at $223 million, and $221 million respectively. These budgets reflect the favorable impact of growing enrollment, cost-control initiatives, and strategic investments in our core functions. Operating budgets have been developed using a driver-based methodology informed by history of rates, projected headcounts and FTE, and expected margins. Undergraduate enrollment is the main driver. The increase is attributable to many factors, including strategic investments in recruiting, marketing and a continued focus on improving retention.
We recommend the following motion:
The Board of Trustees of Central Washington University hereby approves the proposed budget for Fiscal Year 2019 as presented. Submitted:
_________________________________ Joel Klucking, Vice President Business and Financial Affairs
Approved for submittal:
James L. Gaudino President
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