2008/09 Support Budget

Price Increases

Students in a classroomThe 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 non-salary 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. The price increase calculation for 2008/09 totals approximately $24.8 million. However, funding for these costs contained in the following chart has not been proposed in the budget plan.

2006/07 Operating Expenditures & Equipment

    Actuals Percent
Increase
2008/09
Price Increase
Library        
  Books $6,344,942 5.80% $368,000
  Subscriptions 11,620,104 6.90% 802,000
  Serials 4,778,828 6.40% 306,000
Gas   15,446,306 18.90% 2,919,000
Unspecified Items1 376,983,631 5.40% 20,357,000
Specified Items with no price increase2 341,367,842    
Totals   $756,541,652   $24,752,000
Total, Applicable O.E. & E.3 $523,665,092   $24,752,000

1Price increase for unspecified items is calculated using CPEC’s Higher Education Price Index Factor.

2Includes telephone, postage, travel, electricity, oil, Teale Data Center, printing, EOP grants, financial aid, instructional equipment, and bonds repayment

3E.O.P grants, financial aid, instructional equipment, and bonds repayment are not included in the price increase calculation


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Last Updated: November 12, 2007