Board of Trustees Meeting Agenda | July 2021

FY21 New Funding Decisions – State/Tuition Fund New funding requests are subject to the review of the university community under CWU’s “shared governance” framework. The review starts with requests of divisional vice presidents, with review and recommendations by the Budget Allocations Sub-Committee (BASC), the President’s Budget Advisory Committee (PBAC), and finally the decisions made by the president and/or provost. Of the $2.4 million in requests that went through this process, an additional $1.1 million were approved to be added to the budgets of support units, mostly the restoration of vacant positions that were de-funded in March 2020 as a result of the pandemic. This is a significant departure from the previous three years, where additions were limited to around $150 thousand per year. Local General Funds - The local general fund group is where most of the student fees are recognized, as well as the expenditures related to those fees. There is a very diverse population of fee types, but most of them are student fees to support particular student services. About one third of the activity is related to summer instruction (approx. $10 million), most of the net margin related to summer instruction supplements the college operating budgets and has the fewest restrictions on its use. Mandatory fees are also a large contributor to the activity of this fund group. These fees support athletics, student medical and health counseling, technology, and the Wellness Center. These fees support the areas specified in the fee charters. Course-specific fees in this fund group are required to be used to pay either for consumable materials (e.g. clay in a pottery class), expenses specific to a course (fuel for travel to a geology field trip), or specialized lab fees (isolated servers for the cybersecurity lab, flight training fees). These fees are, of course, restricted to the related course and are closely monitored. Continuing education, multi-modal learning, running start and a variety of partnership agreements make up the rest of the activity in this fund. Spending in this fund group can be erratic, as resources are accumulated over several years in anticipation of asset reinvestment (multi-modal technology upgrades, for example). This is also where we experience start-up costs for new ventures like the Sammamish instructional site or investments in the aviation program. The following chart shows the impact of spending restrictions in FY21 due to the pandemic and an expected near break-even budget for FY22.

17 | P a g e

Made with FlippingBook Ebook Creator