CSUF News Service
Senate Hears 'State of the University' Address
Nov. 13, 2015
Danny Kim, vice president for administration and finance/chief financial officer, shares a powerpoint regarding the fiscal budget of the University.
California State University, Fullerton's 2015-16 budget is balanced and aligned with the University's strategic plan goals, reported President Mildred García as she began the annual State of the University address before a standing-room only audience at yesterday's Academic Senate meeting.
García and Danny C. Kim, vice president for administration and finance/chief administrative officer, jointly offered the report with a focus on the fiscal state of the campus.
The California State University general fund allocation for 2015-16 is $2,383,493,571; of that CSUF’s share is $157,000,000 or 6.60 percent.
García noted that the budget follows the recommendations of the Planning, Resource and Budget Committee, including continuation of the tenure-track faculty hiring program, beginning the Library of the Future (LOFT) project and addressing some of the campus's deferred maintenance. This year’s budget also contains mandatory costs in retirement and health benefits, and compensations adjustments and increases.
For the first time in a decade, the California State University's budget request was fully funded, García said. While this was good news, "We are no means out of the woods yet,” she noted, stressing that the CSU lost $1 billion in state revenue between the years 2008 and 2012.
“We must continue to tell the state of the importance of the CSU, its students, faculty and staff."
A copy of the powerpoint presentation delivered at the senate is available online.