Financial Overview of NDSU Finance Advisory Board
The Finance Advisory Board (FAB) at NDSU plays a crucial role in managing financial matters concerning Tier I entities on campus. This summary provides key insights into budget allocations, collections vs. disbursements, projections for FY21, implications of Tier I entities, and more.
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Presentation Transcript
Finance Advisory Board Fee Proposal Chad Blank Executive Commissioner of Finance, Student Government
Finance Advisory Board (FAB) MyNDSU Bison Information Network Campus Recreation/Intramurals The Spectrum Student Government Performing Arts Campus Attractions Tier II Organizations Memorial Union Athletics The Finance Advisory Board (FAB) was established to ensure that the issues and concerns of Tier I entities are being heard and met. Tier 1: A campus entity that has the capacity to impact all NDSU students.
Fiscal Year 2020 - FAB $1.40 Millions $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $-
Tier I Implications Student Involvement & Engagement Campus Branding Physical Locations Events People Information
Tier I Implications Student Involvement & Engagement Student Organizations Campus Branding Competitive Division 1 Athletics Physical Locations Memorial Union Events Homecoming Festivities People Intramural Referees Information Newspaper and Media
Collections vs. Disbursement FY10-FY20 $4.50 Millions $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Net Collections Actual Disbursements
Ending Cash vs. Net Change $1.00 Millions $0.80 $0.60 $0.40 $0.20 $- $(0.20) $(0.40) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ending Cash Net Change
Reserve Available 0.85% 3.1/365 Days Ending Cash FY20 Disbursement
Projections FY21 vs FY20 $3,600,000 $3,100,000 $2,600,000 $2,100,000 $1,600,000 $1,100,000 $(382,467.00) $600,000 $100,000 $(400,000) Beginning Cash Net Collections Disbursements Ending Cash 2020 2021
Collective Action FY20 In-Year Equitable Cuts - FAB $60,000 In-Year FY20 Cut Consolidating Costs Re-Negotiating Alternative Funding Long-Term Planning $50,000 $40,000 $30,000 $20,000 $10,000 $-
Fee Increase Service Decrease
Proposal $1.34 Increase + 6% FY21 Budget Decrease
Proposal $1.34 Increase + 6% FY21 Budget Decrease Increased Collections Cash + Altered Collections FY21 FY21 Ending Balance Disbursement $356,424A $3,413,950B $3,568,726C $201,648 Footnotes: A. Calculations based on Revenue Projections, NDSU Budget B. Calculations based off of FY20 & 6% Enrollment Decrease C. Calculations based off of 6% FY21 Budget Decrease
