Table of Contents Introduction ................................................................................................................................................3 Executive Summary – FY 2019 Recap and FY2020 Overview ..................................................................4 1. Reflections on RCM/ABB ...................................................................................................................5 2. Budget Drivers – Revenue ................................................................................................................11 State-Funded Enrollment ......................................................................................................................12 Total Revenues – Operating Funds ......................................................................................................12 Tuition ...................................................................................................................................................13 I. Budget Drivers – Operating Expenses ..............................................................................................15 II. The FY 2020 Operating Budget ........................................................................................................16 State and Tuition Fund ..........................................................................................................................18 State Allotment ......................................................................................................................................18 Net Tuition Revenue .............................................................................................................................19 Expenditures – State and Tuition Fund ................................................................................................20 Local General Funds ..............................................................................................................................21 Enterprise Funds ...................................................................................................................................23 Student Activities Funds .......................................................................................................................24 III. The FY 2019 Non-Operating Budget ............................................................................................25 IV. Six-Year Rolling Forecasts ............................................................................................................26
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