CENTRAL WASHINGTON UNIVERSITY Board of Trustees, Executive Session October 22, 2018 Executive Summary – 2018 Enrollment “Census” and Budget Report
In summer 2018, the Board of Trustees approved the FY 19 operating budget. Key driver of budget development is enrollment, however, until fall quarter is underway, the university cannot know with certainty how many individual students (headcount) will enroll or how many credit-hours they will carry (FTE). Both measures impact key fund groups. Following this summary is the budget report the board reviewed in July— with an addendum that begins on page 30. The addendum updates and describes with greater precision the the enrollment and budget position for FY 19. Key outcomes include a slightly lower total number of undergraduate students than anticipated in the budget, but among them, a slightly higher number of students who are not state residents, who pay higher tuition rates than resident students. For FY 19, we estimate that net tuition revenue will exceed our budget by just under $1 million, with the very important caveat that this assumes quarterly enrollment (headcount, mix, and course load distribution) patterns similar to past performance. In the context of the RCM/ABB model, any unbudgeted revenues are reserved for the Provost in support of the Division of Academic and Student Life. Stronger than expected summer enrollment and a slight increase in headcount will improve the performance of the Local General, Enterprise, and Student Activities Fund Groups.
Submitted:
Approved for submittal to the Board:
James L. Gaudino President
Joel Klucking, Vice President Business and Financial Affairs
Made with FlippingBook flipbook maker