Budget Central

2018/19 CSU Operating Budget Update

November 2017

As a foundational step in the annual budget process for the California State University and the respective campuses, the CSU Board of Trustees votes to approve an annual operating budget plan that is proposed to the State of California and the Governor.  At the recent November CSU Board of Trustees meeting, the Board adopted a resolution approving the proposed 2018/2019 CSU Operating Budget Plan. 

The 2018/19 plan prioritizes the following uses, which together amount to a total increase in the expenditure budget of $282.9 million.

Proposed Incremental Expenditures

   

Graduation Initiative 2025

$75.0

million

Employee Compensation

$122.1

million

1.0% Growth Full-Time Equivalent Students

$39.9

million

Facilities and Infrastructure Needs

$15.0

million

Other Mandatory Costs

$30.9

million

Total

$282.9

million

To fund these commitments, the 2018/2019 operating budget plans for $102.0 million of General Fund revenue per the Governor’s Funding Plan and a $19.9 million net increase in tuition revenue generated from enrollment growth.  To meet the prioritized needs of the CSU, the plan requests an additional $161.0 million in General Fund Revenue to address the funding shortfall. 

Anticipated Revenue

   

General Fund Revenue from Governor’s Funding Plan

$102.0

million

Net Tuition from Enrollment Growth

$19.9

million

Board of Trustees Additional Request

$161.0

million

Total

$282.9

million

While the CSU’s highest priority is to continue to advocate for and pursue increased state funding to cover the full operating budget request, the state allocation will not be known until a final budget agreement is reached in June 2018.  Until that time, CSU stakeholders will be considering funding alternatives and pursue cost avoidance strategies and administrative efficiencies.  More information will be shared as it becomes available.

Additional details can be found online at CSU 2018-19 Operating Budget.