recently. On average, the health insurance rates passed on to CWU by the state have averaged 6- percent growth.
As stated before, these wage-and-benefit increases place an implicit lien on future revenues. The chart below details the compounding effect of wage-and-benefit increases in addition to FTE increases since FY 2016. Obviously, each year we need to grow our revenues to overcome these increases.
Wage & Benefit Increases ('000s)
50,000
40,000
30,000
20,000
10,000
2016
2017
2018
2019 (F)
2020 (B)
(10,000)
Wage Increases
Benefit Increases
Cumulative
II.
The FY 2020 Operating Budget
Taking into consideration the drivers discussed earlier, along with the anticipated state allotment, below is the FY 2020 Budget compared to the preceding three years (FY17 and FY18 are actuals, FY19 is forecasted, FY20 is Budget). This data represents all operating fund groups and is portrayed as revenues and functional expenses.
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