FY19 Budget Summit College of the Sciences Tim Englund The mission of Central Washington University is to prepare students for enlightened responsible and productive lives to produce research scholarship and creative expression in the public interest and to serve as a resource to the region a ID: 766725
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FY19 Budget SummitCollege of the SciencesTim Englund The mission of Central Washington University is to prepare students for enlightened, responsible, and productive lives; to produce research, scholarship, and creative expression in the public interest; and to serve as a resource to the region and the state through effective stewardship of university resources. Qualified faculty and staff create a community that encourages and supports the emotional, personal, and professional growth of students from a variety of backgrounds.
College of the SciencesOur Mission The College of the Sciences prepares students for enlightened and productive lives through the intertwined endeavors of learning and research in the classroom, laboratory, and field. As practitioners of scientific inquiry, students and faculty create and apply knowledge to solving human, social and environmental problems. The college values instruction, research, and service as interdependent activities that enable human curiosity and discovery.
FY18 Financial InformationLast Year’s Presentation: FY18 Revenue – FY18 Expenses 140,435 Expense Transfers 20,000.00 FY17 Carryforward 571,320.00 Total FY18 Carry-Forward 731,755 EncumbrancesEfficiency Target 260,601.00 Provost Strategic Funds 105,509.00 Gen Ed Funds 13,331.00 I2ES 20,461.00 Labs/Startups 31,111.00 June Summer Profits 167,200.00 Course Fee Balances 211,955.00 Sub-Total 810,168.00 Adj* Unforecasted HSP (28,530.38)Adj* Startup's Activity in F:148 (7,826.00)Estimated Funds to save for FY19 773,811.62 Estimated Amount needed from June Summer Profits to cover FY18 42,057.02 Actual Amount = $75,706
College of the Sciences FY16 FY17 FY18 Expenses* $ 22,810,439 $ 23,677,324 $ 23,831,492 Total SCH** 197,280 201,291 206,422 Expenses/SCH $115.62 $ 117.63$115.45*Excludes 149 Faculty Development Funds provided by Provost to the colleges. Includes Local General Funds.**Includes summer. This is all SCH prior to the 70/30 RCM allocation split.
FY19 Financial InformationFY18 Carry Forward: $761,790+ FY19 Net Income: $555,604 = FY19 Carry Forward: $1,127,771 - Course Fees: $189,623 Misc Encumbrances: $83,000June Summer Profit: $277,602______________________________“Available” FY19 Funds: $747,653
FY19 Budget ImpactsAnd it hasn’t been just hack ‘n slash! COTS Investments: First year of Yearlong Exploration of Social Science Program (YESS) implementation Full-time secretarial support for ENST & IEM Primate Captive Care Certificate online Faculty Early Career Grants Undergraduate Research GrantsGraduate Assistantships
FY19 Budget ImpactsAnd it hasn’t been just hack ‘n slash! Students and Faculty continue to do big things: LAJ in Mexico New Field Schools in Ecuador and Bhutan Generous Benefactors (Record Year!): $1.8M for scholarships in Math, Physics, Biology & Chemistry 3-barrel brewing system for CRBW
FY19 Budget ImpactsWhat keeps me awake at night: The Efficiency Target rollover money is 1-time only. Efficiencies erode without continual vigilance. Big costs are on the horizon. Some of these we know about and are preparing for. Some we don’t and aren’t. Student Credit Hours (# of students x # of credits = SCH) are fickle and this year is not looking great for COTS.
FY19 Budget ImpactsWhat to do with $750,000? Be Responsible! COTS Programmatic Strategic Reserve Fund COTS Equipment Strategic Reserve Fund Invest in innovations! You tell me (us) your ideas.
Thank you!