| Price Increases
The CSU uses price factors contained in annual budget letters issued by
the Department of Finance to calculate the mandatory cost increase for
inflation (growth in the costs of nonsalary operating expenses and equipment).
This calculation yields a cost requirement that has typically exceeded
the amount the CSU has been able to include in its budget plan due to the
competing needs for limited revenue growth resources. The price increase
calculation for 2007/08 totals approximately $16.1 million. However, funding
for these costs contained in the following chart has not been proposed in the
budget plan.
2005/06 Operating Expenditures & Equipment
| |
Actuals |
Percent Increase |
2007/08
Price Increase |
| Library |
|
|
|
| Books |
6,784,039 |
1.00% |
$68,000 |
| Subscriptions |
10,047,693 |
2.10% |
211,000 |
| Serials |
5,860,629 |
2.40% |
141,000 |
| Telephone |
5,032,340 |
|
|
| Postage |
9,044,774 |
|
|
| Travel |
25,625,190 |
|
|
| Electricity |
55,892,569 |
|
|
| Gas |
16,031,553 |
18.80% |
3,014,000 |
| Oil |
140,837 |
|
|
| Teale Data Center |
|
|
|
| Clothing |
|
|
|
| Medical Care |
|
|
|
| Printing |
150,958,058 |
|
|
| EOP Grants1 |
18,097,552 |
|
|
| Financial Aid1 |
251,374,107 |
|
|
| Instructional Equipment Replacement1 |
7,849,502 |
|
|
| Bonds Repayment1 |
65,512,681 |
|
|
| Unspecified Items2 |
362,172,628 |
3.50% |
12,676,000 |
| Totals |
990,424,150 |
|
$16,110,000 |
| Total, Applicable O.E. & E. |
647,590,308 |
|
16,110,000 |
1 Not included in price increase calculation
2 Price increase for unspecified items is calculated using CPEC's Higher Education Price Index Factor |
|
