Geneseo’s 2010 2011 budget situation 10-15-10 
Presentation Transcript
1. Geneseo’s 2010-2011 Budget Situation
College Forum
October 15, 2010
2. Budget Gap
Cut in Tax Dollar Support $(8,198,000)
Tuition Increase Offset 3,466,000
Funding Shortfall $(4,732,000)
3. Structural Deficit (000)
Budget Gap $(4,732,000)
Transfer of 11 Advancement
FTE to State Funding ( 898,000)
Faculty Equity Funding (1,200,000)
Adjuncts & Library Materials ( 147,000)
TOTAL DEFICIT $(6,977,000)
4. Year-to-Year ComparisonState Operations Budget
2007-2008$41,954,100
2008-2009 $41,392,200
2009-2010 $43,492,500
2010-2011 $41,763,200
5. State Operations BudgetFrom 2007-8 to 2010-11
We saw a decrease of $190,900!!!
Our collective bargaining costs increased $6,592,000 over that period.
State tax dollar support decreased from 42% of our State purpose budget to 34%.
6. Our Budget Gap2009-2010
7. 2009-2010 Gap
8. 2010-2011 GAP
9. One-Time Solutions 
10. This is NOT sustainable
Cannot rely on over $3 million of one-time cash each year.
SUTRA overflow revenues are not assured.
Cannot sustain a 6.6% PSR savings factor keeping over 35 positions vacant.
NACUBO recommends 20% OTPS, we are currently at 8%.
11. Retirements
36 NYS Early Retirement Incentive (classified staff) $1.7 million
7 Geneseo retirement incentive (UUP)
3 Geneseo phased retirement (faculty)
18 Potential NYS retirements (UUP/Mgt.)
$1.6 million
12. This is NOT sustainable
Even if we could leave all retirement positions vacant, we would gain $3.3 million, leaving $3.4 million unmet need.
We have done across-the-board cuts and targeted cuts. Continuing across-the-board cuts just further weakens the institution.
How do we move forward and preserve excellence?
13. RESPONSE TO DEFICITOne- Time Actions
Vacancy Control (Currently 6.6%)
Supplies and Equipment Cuts
Fund expenses from reserve funds
14. Possible Base Actions
Maximum use of retirement savings
Broad Consultation 
Strategic Planning Group
Budget Advisory Committee
College Council
Monthly Forums 
Program Curtailment
15. Considerations for Curtailment
Mission Relatedness
Quality
Cost
Enrollment Trends
Interrelatedness with other Programs
Sustainability
Potential Fund Raising Implications
16. Where are we now?
Continuing to analyze data
Continuing consultation process
Looking across entire college for sources of significant savings
Considering whether it is necessary to curtail one or more programs (incl. degree programs)