fy 2010 budget

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FY 2010 Budget

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FY 2010 Budget PresentationOSU FY 2010 Budget:

Changes In Funding State Appropriations ARRA (American Recovery &

Reinvestment Act)

Source and Use of Funding

No Requested Increases in Tuition and/or Mandatory Fees

(1st time in more than 10 years)

Proposed FY 2010 Budget For OSU Agencies

Future Considerations

Highlights

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American Recovery & Reinvestment Act (ARRA) Stimulus Funding

Funding is targeted to be spent by Fall 2009.

Funds will be applied to faculty and/or staff salaries.

Institutions are required to demonstrate accountability regarding the use of ARRA funds.

Using funds for salary expenditures will help simplify tracking and reporting.

Ms. Rita Hesser will serve as the certification officer and will be responsible for monitoring OSU funds.

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ARRA Funding Is Expected To Be Available Through FY 2011

With the nationwide trend of decreasing state support, institutions must rely on tuition and fee revenue which is increased in one of three ways:

1. Increase the number of new students entering the university

2. Improve retention rates of students already attending the institution

3. Increase tuition and mandatory fee rates

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FY 2010 State Allocations to OSU Agencies

FY 2009Agency Base Proposed Base ARRA Funds Proposed w/ARRA

General University $129,702,110 $123,808,252 $9,855,831 $133,664,083Ag Experiment Station 28,550,264 27,229,189 2,168,943 29,398,132Cooperative Extension Service 31,286,523 29,755,007 2,376,815 32,131,822OSU Institute of Technology-Okmulgee 15,399,432 14,784,510 1,169,884 15,954,394OSU-CVHS 11,649,928 11,120,425 885,037 12,005,462OSU-Oklahoma City 11,684,601 11,404,027 887,671 12,291,698OSU-CHS 14,991,461 14,448,536 1,138,890 15,587,426OSU-Tulsa 12,251,470 11,618,196 928,280 12,546,476

Totals $255,515,789 $244,168,142 $19,411,351 $263,579,493

FY 2010

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Sources of New Revenue

* Other includes reallocations and endowment earnings.

AgencyBase Reduction

of 7.6% ARRA Funds Tuition/Fees Other* TOTALS

General University -$9,855,831 $9,855,831 $1,600,000 $3,268,354 $8,830,327Ag Experiment Station -2,168,943 2,168,943 847,868Cooperative Extension Service -2,376,815 2,376,815 845,299OSU Institute of Technology-Okmulgee -1,169,884 1,169,884 -63,371 491,591OSU-CVHS -885,037 885,037 121,320 -29,789 447,074OSU-Oklahoma City -887,671 887,671 479,000 -26,096 1,060,000OSU-CHS -1,138,890 1,138,890 356,157 952,122OSU-Tulsa -928,280 928,280 295,006

TOTALS -$19,411,351 $19,411,351 $2,556,477 $3,149,098 $13,769,287

295,006

$8,063,712

845,299554,962355,543607,096595,965

Formula + OTRS

$3,961,973847,868

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Use of New Funds

Agency TOTALS

General University $4,357,928 $2,759,520 $7,117,448Ag Experiment Station 847,868 847,868Cooperative Extension Service 845,299 845,299OSU Institute of Technology-Okmulgee 491,591 491,591OSU-CVHS 206,307 240,767 447,074OSU-Oklahoma City 240,774 819,226 1,060,000OSU-CHS 412,004 540,118 952,122OSU-Tulsa 295,006 295,006

TOTALS $7,696,777 $4,359,631 $12,056,408

Mandatory Costs Priorities

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FY 2009 FY 2010

Sources of Revenue for All OSU Agencies

Total Budget = $938.6M Total Budget = $964.2M

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FY 2010 Proposed Budget for ApprovalOSU Agencies

FY 2009 FY 2010 % Change

Education and General $571,156,538 $581,147,123 1.75%Sponsored Programs* 99,838,616 88,610,430 -11.25%Auxiliary and Student Activities 218,174,588 239,657,445 9.85%Student Aid 49,400,000 54,800,000 10.93%

Totals $938,569,742 $964,214,998 2.73%

*The decrease in sponsored programs is due predominately to the following: OSU-CHS moving medical residents from CHS payroll to be paid directly from the hospital ($5.5M) OSU-CVHS loss of faculty with established grants, replaced with new faculty getting established and applying for grants ($4.0M)

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Oklahoma State UniversitySystem Enrollment

Campus

OSU-Stillwater 20,644 * 20,437 *

OSU-Tulsa 2,621 * 2,621 *

OSU-CVHS 312 319

OSU Institute of Technology 2,855 2,936

OSU-Oklahoma City 5,824 5,912

OSU-CHS 626 642

OSU SYSTEM TOTAL 32,310 * 32,258 *

Fall 2008Fall 2007

* Both campus totals include students who were dually enrolled in courses at OSU-Stillwater and OSU-Tulsa (572 in Fall 2007 and 609 in Fall 2008). The dually enrolled students are not duplicated in the system total.

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Future Considerations

Fiscal Environment

Economic Uncertainty Future Enrollment Patterns Statewide Ballot on Common Education

Budget Initiatives

Budget Savings Task Force Additional Administrative Budget Reductions Implementation of Targeted Strategies to Increase Enrollment Continue to Build General University Reserves

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General University Highlights

Enrollment Management:$1,475,000 increase for new freshmen and undergraduate transfer waivers. This, in addition to new positions for recruiters, has contributed to upswings in both applications and admitted students.

Graduate College:$250,000 increase for graduate assistant stipends. This improves the quality of graduate recruitment, which in turn assists faculty in teaching and research.

Institution for Teaching & Learning Excellence (ITLE) Upgrade:$366,666 for digital upgrade. This will allow distance learning courses to be delivered in a higher digital quality.

Contributes to future growth in undergraduate

enrollment

Contributes to future growth in offering distance

learning and online courses

Contributes to future growth in

graduate enrollment

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New Endowed ChairsSpears School of BusinessDr. Michael Morris is a recognized entrepreneurship scholar and educator who has published more than 100 peer-reviewed articles and seven books, and was named one of the Top Entrepreneurship Professors in the country by Fortune Small Business. He has been a principal in three entrepreneurial ventures and has taught entrepreneurship around the world. A former Fulbright Scholar, he has received numerous honors including the Outstanding Faculty Award from Syracuse University’s MBA class in 2004, 2006 and 2007, the Oberwager Prize for impacting students beyond the classroom, and the Appel Prize for Contributions to Entrepreneurship.

Nola Miyasaki was formerly the Executive Director of Entrepreneurial Programs at Syracuse University, responsible for cross-campus and community initiatives. Among other programs, she launched a Women’s Business Center, a community test kitchen, and a program for disabled entrepreneurs as part of an inner-city incubator. Her experience includes serving as CEO of the State of Hawaii’s technology development corporation, vice president of a tissue engineering start-up, launching a sports marketing venture and working in corporate law. She was honored most recently with the 2008 Women in Business Champion Award by the Small Business Administration, the 2007 Women’s Leadership Award by Syracuse University, and a 2005 Technology Industry Award for her contribution to technology in the State of Hawaii.

Dr. Bruce Barringer was formerly an associate professor at the University of Central Florida, where he has taught Strategic Management, Entrepreneurship, and Principles of Management. Dr. Barringer has received numerous awards for research, publications and teaching, including the Research Incentive Award at the University of Central Florida, Distinguished Paper Awards from Southwestern Small Business Institute Association Annual Meeting and the Southwest Academy of Management Annual Meeting, Teaching Incentive Performance Award and Galloway Graduate Teaching Award from the University of Central Florida.

Mitchell Chair

Pope Chair

Stevenson Chair

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Additional Agency Highlights

Division of Agricultural Sciences & Natural Resources

Requesting $4.5M in ARRA funding for biofuels project. Presently waiting final approval from the U.S. Department of Energy.

Hired 35 new faculty to expand interdisciplinary research and extension capabilities. New faculty hires were made possible by Second Century Initiative funding of $5.4M.

Completing infrastructure for the 2,500 acre Mac Lindley Research and Demonstration Farm in McCurtain County.

OSU-Center for Veterinary Health Sciences

Established the National Center for Veterinary Parasitology, funded by private contributions. The newly formed center will focus on the advanced training of veterinarians in parasitology.

Implemented the Early Admissions Program to aid students with strong academic ability. Eligible applicants must have an ACT score of 27 or be in the top 10% of their graduating class.

Completed the renovations and additions to the Oklahoma Animal Disease Diagnostic Laboratory and the Small Animal Critical Care Unit (July 2009).

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Additional Agency HighlightsOSU Institute of Technology-Okmulgee

In addition to not increasing costs of attendance (tuition, fee, room, and board rates), tuition waivers have been increased to help ease students’ financial burden.

Enrollment in the High Voltage Linesperson Program has grown over 70%.

Started a new Corporate Technician Training Program with Aggreko North America and Manitowoc Crane.

OSU-Oklahoma City

Increased budget for faculty salaries to support enrollment growth and new programs.

Strengthened student support services to improve retention and student success.

Invested in automation and various technologies to improve the efficiency of campus processes.

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Additional Agency HighlightsOSU-Center for Health Sciences

OSU Physicians Practice projected to exceed $20 million in gross revenue for FY 2010.

Construction of the joint OSU-CHS/Tulsa Police Department Forensic Sciences and Biomedical Research Facility is on track for a November 2010 completion.

FY 2010 begins the incremental growth in medical school admissions from 88 to 115 students per year.

OSU-Tulsa

An agreement was completed with the OETA to bring their new Tulsa studio to the OSU-Tulsa campus.

In conjunction with the College of Human Environmental Sciences, the Center for Family Risk & Resilience was established at OSU-Tulsa.

A communications disorder clinic was created in partnership with the College of Arts & Sciences.

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