Trustees Meeting Agenda | October, 2024

Ongoing from Prior Year

New In Current Year

Ongoing from Prior Year

New In Current Year

Ongoing from Prior Year

New In Current Year

Ongoing from Prior Year

New In Current Year

New Ongoing Hires

A. Additional Personnel Needed

Salary/FTE

(from Column E)

(Column I + K)

(Column M + O)

(Column Q + S)

0 9 0 0 0

0

0

1 4 1

1

1

1. Faculty FTE ………………………….............……………… 2. Adjunct Faculty FTE…………...……………...…..………. 3. Exempt Staff FTE ……………………………………...……. 4. Directors / Administrator FTE …………....………….. 5. Classified Staff FTE ……………………………....………. 6. Undergrad/Graduate Student FTE ………...…........ 2 Adjunct Salary ……………………………………....... 3 Exempt Staff Salary ………………………………….. 4 Directors/Administrators Salary ……………….. 5 Classified Staff …………………………………………. 6 Undergraduate/Graduate Student Wages 7 Estimated Benefits 3. ……………………………....… 8 Other, e.g., grant funded student workers Total Incremental Payroll

135,000 7,500 60,000

9

12 0.5

8

12

10

0.5

0.5

0.5

1 0 0 2

2 0 0 2

0

0 0 1

0

1

1

1

15,000

B. Personnel Costs (Total Salary Cost based on # of positions in A. above) 1 Faculty Salary …………………………..………...……

0

0

0 0 0 0 0

0

0

0

135,000 30,000 60,000 70,000

139,050 170,526 127,392 70,000 30,000 168,499 0

135,000

67,500 30,000 12,000

69,525 30,900 12,360

71,611 31,827 12,731 15,000 38,936 0

60,000 30,000

135,559 63,682

0 0

0 0

0

0 0

0 0

0

0 0

30,000 66,949

15,000 45,150

15,000

15,000

36,135

0 0

37,219

600 0

30,300 0

97,350 0

$ 145,635

$ 150,004

$ 15,600

$ 170,104

$ 135,300

$ 296,190

$ 392,350

$ 705,468

$ 195,150

Expenditure Notes : Information on Benefits can be found on the Benefits Details tab; these rates should be verified and updated annually Cells in grey are formulas which are calculating annual benefits rates as well as salary increases at 3% for all employee classifications except students The number of Employee FTE should be entered in the green cells in section A Additional New Hires in subsequent years should have salary information entered into green cells in Section B C. Operating Expenses Ongoing One-Time Ongoing Year 1

Year 2

Year 3

Year 4

Year 5

Ongoing

Ongoing

Ongoing One-Time

One-Time

One-Time

One-Time

1 New phones, computers & Furniture ………….. 2 Travel …………………………………………………………….. 3 Professional Services (corporate fellow)………………………………………

27,000

27,000

54,000

60,000

60,000

4 Other Services ………………………………………………… 5 New faculty start up costs ……………………………… 6 Communications/Promotions ………………………… 7 Materials and Supplies …………………………………… 8 Maintenance and Repairs ……………………………… 9 Assessment/accreditation ……………………………… 10 Miscellaneous costs ………………………………………

6,000

6,000

20,000 2,500 5,000 10,000

20,000 2,500 5,000 10,000

15,000 2,500 5,000 10,000

10,000 2,500 6,000 15,000

10,000 3,000 6,000 20,000

TOTAL OPERATING Expenses

$ 64,500

$ 0

$ 64,500

$ 0

$ 86,500

$ 0

$ 93,500

$ 6,000

$ 99,000

$ 6,000

Note:the ratio of operating expense per faculty FTE is:

$ 7,167

$ 7,167

$ 7,208

$ 7,792

$ 9,000

D. Capital Expenditures

Year 1

Year 2

Year 3

Year 4

Year 5

Ongoing

Ongoing

Ongoing

Ongoing

Ongoing One-Time

One-Time

One-Time

One-Time

One-Time

1. Library Resources ……………………………………….. 2. Equipment ………………………………………………….. Total Capital Expenditure ……...….....…

25,000

25,000

35,000

35,000

50,000

$ 25,000

$

-

$ 25,000

$

-

$ 35,000

$

-

$ 35,000

$

-

$ 50,000

$

-

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