Board of Trustees Meeting Agenda | July 2021

Local General Fund Operations

FY17 FY18 FY19 FY20 FY21(F) $26,835 $30,022 $34,179 $32,671 $28,071 $32,786 FY22(B)


Revenues Expenses

Wages - Faculty

7,747 5,443 3,625 6,700 1,221 2,019 2,804

6,051 6,367 3,526 10,761 1,955 2,071 3,337

5,428 7,451 3,458 12,634 2,029 2,081 2,099

5,512 7,712 3,979 10,853 2,226 1,435 1,720

5,047 6,462 3,624 8,549 1,368

4,634 6,973 3,707 11,012 3,162 1,698 1,053 32,240

Wages - Staff/Student


Goods & Services



322 974


Total Expenses

29,559 34,067 35,181 33,437 ($2,724) ($4,045) ($1,002) ($766)

26,347 $1,724

Net Margin


Excludes depreciation

Enterprise Funds - The Enterprise Fund group consist of Housing and Dining, parking, and the Wildcat Shop (bookstore). Although many universities contract for these functions, they are self-operated at CWU, and must generate enough revenue to cover their operating expenses and debt service, plus set aside funds for asset re-investment. When combined with the student activities funds, this is the “CWU System,” an entity that holds and has pledged to re- pay the university’s revenue bonds. Generally speaking, the Enterprise Funds derive their revenues from student fees, so enrollment is critical to the financial viability of these operations. In the case of Housing and Dining, first-year Ellensburg students are the main driver of revenues as CWU requires first-year students to live on campus. As enrollment in this category has been very strong since FY16, the enterprise funds have performed very well, and have been operating near capacity. When Dugmore Hall and the associated dining facility opened in fall 2019, much-needed residential capacity came online, which allowed the ability to take Stephens-Whitney hall offline for a major remodel. It also brought additional operating costs and about $2.3 million in additional bond payments. Expenses are mainly driven by staff FTE, wage rates, and inflationary pressures on operating expenses, including cost of goods sold. CWU is fortunate to have seasoned operators in these areas responsible for the day-to-day operations and financial management. Below are operating results since FY17. As noted previously, FY21 was severely impacted by restricted on- campus occupancy, and if it weren’t for the federal HEERF II funding all of the Enterprise fund

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