Office of Institutional and Budget Planning
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FY 2005 Budget
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Question #9: Will all these new facilities that we are building leave us with less money in the base budget?


Yes. Although the actual cost of construction for these projects is covered by gifts and the Capital Reserve Fund (which operates outside of the annual budget), the base budget will be affected by our new facilities. We estimate that our overall square footage will grow by over 30% with the four new residence halls, the athletic and fitness center, the completed Noyce Science Center, and the Joe Rosenfield Center. We anticipate that the base budget will continue to grow, which will help us to absorb new costs. Still these larger and new facilities will need to be maintained (heating, cooling, cleaning, etc.) and the cost of this will come from the base budget. That said, we hope to be able to heat and cool these facilities more efficiently, which should reduce energy costs, and take some older, less efficient buildings off-line to reduce maintenance costs.

Introduction
Question #1: Will the overall base budget increase next year? If so, how do we plan to spend the increased revenue?
Question #2: What are the biggest pieces of next year's budget?
Question #3: Why does our comprehensive fee go up so fast? Has it been going up faster, more slowly, or the same as other schools?
Question #4: I have heard that there are some big changes in financial aid next year. Can you explain what is happening?
Question #5: Can you explain again what the tuition discount rate is? I can never keep straight whether improving this number means making it higher or lower....
Question #6: When does our fiscal year begin and end?
Question #7: Does next year's budget assume any change in the size of the student body?
Question #8: How have allocations to the functional areas of the College changed over time?
Question #10: Who is on the Budget Steering Committee and why?
Appendix (FY 2006 Budget as we present it)

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