Fiscal Years 2010 and 2011 Budget Highlights
Tuition and Fees:
All Enrollment Categories: 5.0% increase for FY10 and FY11 except MBA and graduate business programs.
MBA and Graduate Business: 3.0% increase for FY10 and FY11.
Summer Undergraduate: 6.0% increase for FY10 and 5.0% increase for FY11.
Summer Graduate: 0.0% increase for FY10 and 5.0% increase for FY11.
Student Technology Fee: $120 per semester for full-time students and $40 per semester for part-time students effective FY10 to help support investments in new technologies as part of the strategic plan.
Residence Halls: 4.5% increase for FY10 and FY11.
Meal Plan: 4.0% increase for FY10 and FY11.
Parking: Increased $3 per month. The monthly rate for faculty, staff, and students will be $117 effective May 2009 and $120 effective May 2010.
New Revenue Initiatives: $500,000 in FY11 by intensifying marketing and recruitment efforts, promoting faculty research activities, and exercising innovation.
Faculty-Staff Salaries and Benefits: $3.7 million for a 3.0% performance-based salary pool and benefits for faculty and staff effective September 2009, and another $3.8 million for a 3.0% pool effective September 2010. An additional pool is set aside to continue the multi-year goal of bringing the average salary for assistant professors closer to the AAUP Level 1 standard. No market adjustment pool is set aside for staff salaries as benchmarking analysis indicates average staff salaries are above the market median. However, staff compensation salary bands will be increased by 3.0% each year. Salary and benefits commitments also include the implementation of a minimum wage increase to $8.25 per hour in compliance with D.C. regulations, auto-enrollment in 403(b) benefits plans effective May 2009, and increased university contributions to the health plan.
Full-time Faculty: $2.6 million over two years to hire 23 new tenure-track faculty, and an additional $1.1 million to continue 12 full-time temporary faculty positions each year to respond to planned enrollment increases. $1.36 million over two years to support start-up packages for new faculty positions and current searches.
Adjunct Faculty: Increased $760,000 over two years to make adjunct faculty salary rates more competitive.
New Staff: $4.5 million over two years for salaries and benefits for 58 new full-time staff positions.
Financial Aid: Increased $9.4 million over two years to match the tuition rate and index to enrollment projections at a 29% tuition discount ratio for undergraduate and graduate students; to make need-based financial aid awards available for Pell Grant-eligible students and to support diversity initiatives within the financial aid budget; to increase funding for existing and new Ph.D. programs; to award frou additional Athletics scholarships over two years to increase competitiveness among Patriot League schools; and to provide seed money for the expansion of Washington Semester affiliated programs in FY10.
Supplies and Expenses: Additional funding for a wide range of initiatives to adequately fund academic base budgets, faculty travel, and staff training and development; to fund new research centers; and to respond to external environmental factors.
New SIS Building: $1.3 million for operations and maintenance costs in FY11 as the new SIS building becomes fully operational.
Marketing Initiatives: $1.27 million over two years for branding campaign, integrated marketing efforts, and web phase II. An additional $1 million each year for intensive marketing and retention efforts for undergraduate, international, and graduate students.
Development: Increased $258,000 over two years to support fundraising and alumni development.
Student Services: Increased $300,000 over two years to implement various initiatives including the student leadership development initiative and the creation of a Women's Center.
Athletics: Increased $138,000 over two years to be competitive among Patriot League schools.
Utilities: Increased $1.8 million in FY10 based on a renewed five-year contract.
Technology Capital Funding: $3.2 million over two years to support the university's multi-year technology plan including technology capital life cycle renewal, faculty research and student service support, campus-wide enterprise projects, and business continuity. Student technology fee increases will partially offset this technology investment.
Library Acquisitions: Increased $350,000 in FY10 and an additional $1.5 million in FY11 to enhance the library collection and electronic databases.
Deferred Maintenance Fund: Increased $300,000 in FY10 and an additional $1.5 million in FY11, which includes residence halls, the new SIS building, and continuation of the preventive maintenance program.
Furnishings and Equipment Fund: Increased $50,000 in FY10 and another $250,000 in FY11.
Facilities Modernization Fund: Increased $250,000 in FY10 and another $250,000 in FY11.
Transfer to Quasi-Endowment Funds: Equals 1% of the total budget for FY10 and 2% for FY11.
Enrollment Contingency Fund: Equals $5.6 million or 1.5% of projected tuition revenue in FY10. In FY11, $5 million will be available to fund strategic priorities and the remaining $900,000 will be budgeted in the enrollment contingency account.
Transfer to Fund Strategic Plan Initiatives: $2.4 million in FY10 and $3 million in FY11 from the internally designated Strategic Plan Initiative accounts.
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