Open Forum:

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Open Forum Fiscal 2005 Budget Hearing April 28,
2004
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Understanding the Budget Process
Internal External

• Develop continuation budget
• Evaluate priority needs
• Budget Gap? Balance budget
• Cut Expenses and reallocate internal resources
• Enhance revenues
• Adjust tuition and fees

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Assumptions

• State Support
• Salary Funding
• Enrollment
• Cap on Tuition Increase?

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Develop New Priorities

• Strategic Plan
• Goals Objectives

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Assemble Budget

• Continuation Spending
• Personnel Costs
• Utility Increases
• Inflationary Increases
• Debt Service
• Revenues
• Expenditures
• Technology Costs

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A Gap

• Expenditures gt Revenues

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Analyze Gap Propose Remedies

• Expenditure Cuts
• Revenue Enhancements

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The Good News

• More Full Time Faculty
• Support for Faculty
• Furniture Computers for New Faculty
• Library Support
• New Academic Software

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More Good News

• New Bradley Center
• New Residence Hall Overlook Hall
• New Student Health Services Location
• New Student Recruitment Materials
• More Security Officers
• Student Financial Aid
• EOF Summer
• TAG Supplemental
• Capital Projects Technology Enhancements

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Bill Bradley Center
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Bill Bradley Center
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The Overlook
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Ramapo On The Move

• Change
• Momentum
• Excellence

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Uncertainties Remain
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Tuition Fees

• ?

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Ramapo Still A Value
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Budget GoalFund Continued Excellence for
Ramapo Students