CENTRAL WASHINGTON UNIVERSITY Board of Trustees November 2, 2017
EXECUTIVE SUMMARY-INFORMATION – 6 Year Plan and Fiscal Year 2018 Operating Budget Update
In July the Board of Trustees approved the fiscal year 2018 operating budget. Each year after fall census, when student enrollment levels are known, we provide the Board with a forecast for the full year based on enrollment and other known changes. The attached update presents the current forecast for all operating and non-operating fund groups for the current year, which is slightly more favorable in most areas due to strong enrollment growth. In addition, at the last meeting in July, the Trustees requested a longer-term forecast for the operating funds of the university. The attached update also presents a six-year forecast for the core functions of the university and provides a platform to continue long term operational and financial planning. These six-year plans were developed using driver-based methodologies informed by history on rates, projected headcounts and FTE, and expected margins. Undergraduate enrollment and staffing are naturally the main drivers.
Submitted:
Approved for submission:
_________________________________ __________________________________ Joel Klucking, Vice President James L. Gaudino Business and Financial Affairs President
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