Central Washington University Board of Trustees July 26, 2019 ACTION – Fiscal Year 2020 Budget Approval
Central Washington University’s anticipated revenue for Fiscal Year 2020, including all funding sources, will be approximately $349 million. Total university expenses are anticipated to be $344 million. The FY20 operating fund revenues and related expenses are budgeted at $241 million and $239 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 on 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 2020 as presented.
Submitted:
Approved for submittal to the Board:
Joel Klucking, Vice President Business and Financial Affairs
James L. Gaudino President
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