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 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 |
