Consolidated Financial Report - SUNY Canton

Campus Financial PlanSUNY Canton Campus2012-2013 Financial PlanOverviewThe Campus Financial Plan is the single largestcomponent of the College’s resource base. It isoften referred to as the State Operating Budgetor just simply “The Budget.” Ninety percent ormore of the President’s Cabinet’s financial deliberationsare centered on this topic. It is theseresources that are used to run the daily operationsof the institution, and it is these resourcesthat are so heavily impacted by the current economicclimate as well as the various agencies ofthe State of New York. Included among them areDivision of Budget, Office of the State Controller,Office of Employee Relations, and our very ownState University of New York System Administrationto name a few.Highlights & Planning Assumptions• An increase in State support of $52,800 will go into effectin 2012-2013.• Enrollment target of 3,800 headcount and 2,950 FTEwill be used to create the 2012-2013 budget.• The second year of a five-year rational tuition plan willgo into effect in 2012-2013 effectively raising tuition by$300 per year across the board.• An investment in seven new faculty positions will bemade due to increased enrollments over the past sevenyears.• Future planning and spending will be tied to both theCollege’s Strategic Plan and SUNY’s Big Six Ideas.The Campus Financial Plan is made up of twomajor revenue sources. The largest is tuition,which represents approximately 57% for 2012-2013. The next largest component is State TaxSupport, which accounts for 28% of the 2012-2013 resource base. State University TuitionReimbursable Account makes up the balance ofthese funds, accounting for 16% of the budgetedrevenue for 2012-2013.On the expenditure side, it is easy to see that thebulk of the campus budget is spent on salariesand wages, commonly referred to as PersonalService Regular (PSR) and Temporary Service(TS). Combined, this represents over 80% ofplanned expenditures. Other Than Personal Service(OTPS) represents all non-salary and wageexpenditures that are not utilities or scholarships.The scholarship amount of $375,000 correspondswith the College’s share of scholarship expense,which is non-endowed. Endowed scholarshipsare expensed through the Canton College Foundation.2012-2013 Consolidated Financial ReportB-2