|
What is CUNY’s Fiscal Year?
CUNY’s Fiscal Year is from July 1st to June 30th.
How much is CUNY’s Budget?
For Fiscal Year 2010, CUNY’s overall tax-levy operating budget is $2.6 billion.
What is the source of CUNY’s funding?
The budget for the University is appropriated by the State and the City. The State of New York is the principal funding source of the University, financing 50 % of the Fiscal Year 2010 operating budget. Tuition Revenue, which must be recognized and appropriated by the City and State, is the second largest source of funding, comprising 39 % of the FY2009 operating budget. The City of New York finances the remaining 11 % of the cost of operating City University.
How is the total funding amount determined?
The University annually submits an operating tax-levy budget request to the State and the City that is comprised of both the mandatory, or base-line needs, and the programmatic request. The mandatory request includes contractual salary increases calculated by the colleges and other than personal service (OTPS) inflationary increases that are based on previous year expenditures plus an increase determined by the application of the Higher Education Price Index. It also includes requests for rent increases, fringe benefits, energy and new building needs. The programmatic request is based on University Program initiatives outlined in the Master Plan and is developed by University’s central leadership in consultation with various CUNY constituencies, including members of the Board of Trustees, College Presidents, and faculty and student representatives. The University asks the State to fund the entire senior college request and a portion of the programmatic increases requested for the community colleges through an increase in the per FTE funding (Base Aid). The City is asked to fund the community college mandatory needs and a portion of the programmatic request.
Where are the dollars spent?
CUNY’s budget is comprised of four major components. These are College base budgets, which are appropriated to the colleges and expended locally; Central Administration; the funding of Fringe Benefits, Energy, and Building Rental costs; and University-wide programs, which are lump sum appropriations that are largely allocated to the colleges via formulae.
What is the total budget breakdown between senior and community colleges?
Of the total FY2010 operating budget of $2.6 billion, $1.9 billion is allocated for costs at the senior colleges, while a total of $700 million is appropriated for the community colleges to expend.
|
