Agency Purpose - Financial Management, State of Idaho ...



Part I – Agency ProfileFY 2018 – Do not delete this textAgency OverviewBoise State University is a public, metropolitan research university that fosters student success in and after their college years, lifelong learning, community engagement, innovation and creativity. Research and creative activity advance new knowledge and benefit students, the economy, the community, the state and the nation. Boise State is a Carnegie doctoral university with high research activity. We lead the way on Idaho's goal of ensuring that 60 percent of Idahoans have a college degree or certificate and produce more than 40 percent of all bachelor's degrees awarded by Idaho public universities.Boise State University employs nearly 3,300 full and part-time employees, including approximately 1,800 full-time professional and classified staff and nearly 800 full-time instructional faculty members. The main campus of Boise State University is located at 1910 University Drive in Boise, Idaho. Classes also are offered at Twin Falls’s CSI campus; Coeur d’Alene’s North Idaho College, Micron Technology, downtown Boise (BoDo), and Boise State University at College of Western Idaho. Boise State University provides an impressive array of online courses and programs that are available across the state and nation.Boise State University offers studies in nearly 200 fields of interest in 94 bachelor degree programs, 67 master’s programs, 2 education specialist programs, and 13 doctoral programs. These are delivered through our College of Arts and Sciences, College of Business and Economics, College of Education, College of Engineering, College of Health Sciences, College of Innovation and Design, and School of Public Service.Boise State University is governed by the Idaho State Board of Education, which is statutorily designated as the Board of Trustees for the institution. Dr. Marlene Tromp is President of Boise State University.Core Functions/Idaho CodeBoise State University is created by Idaho Code Title 33, Chapter 40. Idaho Code 33-4001 provides the primary function of Boise State University to be that of “an institution of higher education” and “for the purposes of giving instruction in college courses…” In addition, it provides the “standards of the courses and departments maintained in said university shall be at least equal to, or on a parity with those maintained in other similar colleges and universities in Idaho and other states,” and that the “courses offered and degrees granted at said university shall be determined by the board of trustees.”Revenue and ExpendituresOperating Revenue FY 2018FY 2019 restatedFY 2020FY 2021Student tuition and fees (Gross)168,637,987 182,232,202 198,262,256Scholarship discounts and allowances(25,946,000)(27,628,700)(27,777,200)Federal grants and contracts36,120,893 37,525,093 40,464,905State and local grants and contracts5,515,960 6,929,166 6,512,805Private grants and contracts2,527,409 2,581,578 2,991,720Sales and services of educational activities7,917,6848,264,779 7,778,456Sales and services of auxiliary enterprises59,876,12664,037,202 56,868,054 Other1,705,898 1,099,336 1,395,970Total operating revenues256,355,957 275,040,656 286,496,966Operating ExpensesFY 2018FY 2019- restatedFY 2020FY 2021Instruction130,615,578132,585,914 139,307,732Research30,675,466 33,105,475 37,304,459Public Service17,160,269 19,480,045 21,034,497Libraries6,003,980 5,896,359 5,924,455Student Services19,852,758 20,198,874 20,933,265Operation & Maintenance of plant21,516,192 21,641,435 27,359,524Institutional Support30,958,162 32,412,902 34,074,154 Academic Support28,683,758 31,183,237 32,434,522Auxiliary Enterprises71,257,115 75,270,328 74,189,656Scholarships and Fellowships12,797,433 11,972,205 18,384,851Depreciation26,468,896 26,359,987 26,623,055 Total operating expenses395,989,607 410,106,761 437,570,168 Operating income/(loss)(139,633,650) (135,066,105)(151,073,202)Non-operating revenues/(expenses)FY 2018FY 2019- restatedFY 2020FY 2021State appropriation - general98,775,333101,955,031 105,337,986State appropriation - maintenance1,686,375837,657 2,674,540Pell grants23,600,87422,702,825 22,185,765Gifts28,482,81032,141,995 35,465,134Net investment income2,595,2654,148,780 3,521,477Change in fair value of investments(336,336)884,188 1,182,328Interest (7,571,626)(7,030,946)(6,881,404)Gain/loss on retirement of assets(344,022)(258,821)(305,978)Loss on Perkins federal capital contribution-(8,209,463)-CARES Act revenue7,344,256Other non-operating revenue/(expense)160,272330,110 66,653Net non-operating revenues/(expenses)147,048,945147,501,356 170,590,756Other revenue and expensesFY 2018FY 2019- restatedFY 2020FY 2021Capital appropriations1,858,258666,061 5,707,955Capital gifts and grants27,275,72715,825,339 7,351,466Total other revenues and expenses29,133,98516,491,400 13,059,421FY 2018FY 2019- restatedFY 2020FY 2021Increase/decrease in net position37,106,37428,926,651 32,576,975Net position - beginning of year397,362,179434,468,553 463,395,204Net position - end of year434,468,553463,395,204 495,972,179Profile of Cases Managed and/or Key Services ProvidedCases Managed and/or Key Services ProvidedFY 2018FY 2019FY 2020FY 2021Enrollments: Fall Enrollment on Fall Census Day (Oct. 15) includes degree seeking and non-degree seeking studentsTotal24,15425,54026,272Undergraduate20,76722,06422,939Graduate3,3873,4763,333Degree Seeking Student Enrollment on Fall Census Day (Oct. 15)Total18,98219,36119,825Undergraduate16,27016,53716,898Graduate2,7122,8242,927Annual Enrollment Total Headcount from PSR 1 Student Enrollment Report (End of Term; unduplicated count of students attending Su, Fa, and/or Spr)31,05332,54533,274Non-Degree Seeking (Graduate and Undergrad)3,8493,8133,341Early College5,4036,5707,061Undergraduate (degree seeking)18,35818,63719,159Graduate (degree seeking)3,4433,5203,626Student Credit Hours (SCH) by Level (Su, Fa, and Spr) (see Part II for Cost per credit hour delivered)Annual SCH Attempted (End of Term) Total496,274514,178537,586Professional Technical000Undergraduate credits440,207456,168477,921Graduate credits56,06758,01059,665Annual SCH Earned (End of Term)Total438,979455,252467,872Undergraduate credits387,088402,014413,308Graduate credits51,89153,23854,564SCH earned as a % of AttemptedTotal88.5%88.5%87.0%Undergraduate credits87.9%88.1%86.5%Graduate credits92.6%91.8%91.5%Dual Enrollment and Distance Education Dual Enrollment Student Credit Hours – 12 month academic year23,66429,18433,100Dual Enrollment Distinct Students – 12 month academic year5,4086,5707,062Distance Education Student Credit Hours – 12 month academic year108,315125,318143,714Distance Education Distinct Students Enrolled – 12 month academic year14,43015,88817,826Degrees and Certificates Awarded (see Part II for Number of Distinct Graduates)* Professional Technical Degrees and CertificatesN/AN/AN/AAssociate Degrees (Academic)119133111Bachelor’s Degree (Academic, first and second majors)3,3733,4723,680Certificate – Undergraduate248360411Certificate – Graduate248221189Master's Degree917861954Education Specialist Degree161924Doctoral Degree324553Total awards (sum)4,9535,1125,422Sponsored Projects Proposals and Awards (see Part II for Externally Funded Research Expenditures)Total # of Proposals Submitted606559Not available at this timeTotal # of Awards368378411Total Sponsored Projects Funding (dollars awarded)$56,013,792$53,510,343$58,239,503Total Sponsored Project Expenditures$44.8M$44.7M$47.9M% of research grant awards that have PIs and Co-PIs in two or more academic departments (i.e., interdisciplinary) 28.9%17.9%22.6%FY 2021 Performance HighlightsBoise State University continues to be highly successful in helping students graduate and succeed, which contributes to the educational attainment rate of Idahoans. In FY20, a record-high 3,525 students graduated from Boise State with baccalaureate degrees, once again exceeding the target that was established in August 2010 by the Idaho State Board of Education. Boise State has exceeded the SBOE targets in every year since those targets were established, cumulatively producing 1,996 more graduates than projected.Boise State not only impacts Idaho’s college completion rate, for four consecutive years, we have seen increases in the numbers of graduates who are from specific underrepresented minority groups with 467 baccalaureate degree graduates in 2019-20. Additionally, Boise State graduated 463 students who were from rural counties in Idaho. The latter students are a special focus of the newly launched Community Impact Programs.The numbers of doctoral degree graduates reached a record high in FY20 at 53. This growth significantly contributes to our impact in the state and region, driving our clean knowledge economy. The retention rate for first year students maintained its positive trajectory after a substantial increase over the last decade. Between the Fall 2013 cohort and the Fall 2016 cohort, the retention rate increased by five percentage points and Boise State attained a record high of 79.9% retention for first-time, full-time freshmen in the Fall 2016 cohort. The improvements in retention have been maintained.The six-year graduation rate has continued to increase with Boise State exceeding a 50% graduation rate for the Fall 2013 cohort of first-time, full-time (FTFT) freshmen. We anticipate the six-year graduation rate to be over 53% for the Fall 2014 FTFT cohort. The graduation rate of Idaho resident, Pell eligible students also increased over the last five years and is expected to be over 42% for the Fall 2014 cohort. These increases demonstrate Boise State’s fundamental transformation of support for student success through innovative changes, including a wholescale revision of remedial education, use of learning assistants, changes to advising, and use of analytics to enable early intervention for at-risk students.Dual Enrollment headcount continued its strong growth with over 7,000 students participating in Boise State’s Dual Enrollment program in FY2020, a 45% increase in the three years since FY17. Dual enrollment students took 33,118 credits in FY20, which is a 54% increase over FY17.Boise State’s total sponsored projects funding (dollars awarded) exceeded $58M for FY20, which brings new revenue and new opportunities to the state and supports our state’s economic engine.Part II – Performance MeasuresProductivity MeasureFY 2018FY 2019FY 2020FY 2021FY 2022Goal 2Facilitate the timely attainment of educational goals of our diverse student population.Count of Distinct Graduates (Objective A)*Associate Degree (Academic)actual118131109----------target150150150150Bachelor’s Degree (Academic)actual3,1963,2893,525----------target3,3003,4503,5003,559Certificate – Graduateactual241219184----------target250250270425Master’s Degreesactual917862954----------target785825950950Educational Specialist’s Degreeactual161924----------target20202325Doctoral Degreeactual324553----------target35384050Total distinct graduatesactual4,3934,4554,760----------targetIncrease over prior yearIncrease over prior yearIncrease over prior yearIncrease over prior yearFirst Year Retention Rate (Objective A)% of first-time, full-time freshmen retained*actualF2017 cohort79.5% F2018 cohort79.5%F2019 cohort79.0%(prelim)F2020 cohorttarget80%81%82%82%% of Idaho-resident Pell-eligible first-time full-time freshmen retainedactual70.8%72.0%69.8%(prelim)----------target76%77%74%74%% of full-time transfers retained or graduated*actual76.6%74.7%75.5%(prelim)----------target78%78%79%79%Graduation Rates (Objective A)*4-yr graduation rate: % of baccalaureate-seeking, full-time, first time students graduating in four years or lessactualF2014 cohort28.7%F2015 cohort30.6%F2016 cohort35.9%(prelim)F2017 cohort----------targetNANA33%33%6-yr graduation rate: % of baccalaureate-seeking, full-time, first time students graduating in six years or lessactualF2012 cohort45.8%F2013 cohort50.3%F2014 cohort53.8%(prelim)F2015 cohort----------target45%46%48%52%6-yr: % of Idaho-resident, Pell-eligible first time, full-time freshman who graduated in six years or lessactual34.3%38.0%42.1%(prelim)----------target37%37%38%43%6-yr: % of full-time transfers who graduated in six years or lessactual57.5%58.5%56.7%(prelim)----------target55%57%58%59%Progression to Degree (Objective A)*Progress in credits: % of undergraduate degree seeking students completing 30 or more credits per yearactual23.9%26.5%28.7%----------targetNA30%25%28%Gateway Math Completion: % of new degree-seeking freshmen completing a gateway math course within two yearsactual79.8%82.1%83.4%----------targetNA83%83%83%Remedial English: % of undergraduates completing credit-bearing course after remedialactual87.5%87.3%87.1%----------targetNA90%90%90%Remedial Math: % of undergraduates completing credit-bearing course after remedialactual57.4%55.8%56.7%----------targetNA55%55%55%Goal 3Gain distinction as a doctoral research university.Total Research & Development Expenditures (Objective A)Expenditures as reported to the National Science Foundationactual$41.4M$39.8 MNot available at this time----------target$36M$38M$44M$47MGoal 4Align university programs and activities with community needs.Graduates with high impact on Idaho’s labor force (Objectives A and B)Number of STEM degree graduates (bachelor’s, STEM education, master’s, doctoral)actual696696715----------target725725760760STEM degree graduates as % of all degree graduates, bachelor’s and aboveactual16.7%16.5%15.7%----------Target15%15%17%17%Number of graduates with high impact on Idaho’s college completion rate (Objective C)Baccalaureate graduates from underrepresented groups: rural countiesactual500532463----------TargetNANA500525Baccalaureate graduates from underrepresented groups: ethnic minoritiesactual359444467----------Target400430500500Baccalaureate graduates who are Idaho residentsactual2,2632,2002,208----------Target2,5852,7002,7002,700Baccalaureate graduates who are of non-traditional age (30 and up)actual847845847----------Target9509501,0001,000Baccalaureate graduates who began as transfers from Idaho community collegeactual406446442----------Target600650700700Cost of Education (resident undergraduate with 15 credit load per semester; tuition & fees per year) (Objective A)Boise Stateactual$7,326$7,694$8,068----------targetRemain less than WICHE state avgRemain less than WICHE state avgRemain less than WICHE state avgRemain less than WICHE state avgBoise State as % of WICHEactual87.1%89.2%90.3%----------targetRemain less than WICHE state avgRemain less than WICHE state avgRemain less than WICHE state avgRemain less than WICHE state avgExpense per EWA-Weighted Student Credit Hour (SCH) * (Objective A)$ per Total Undergraduate SCH: in 2015 $$ (CPI-adjusted) actual$263.08$257.95Not available at this time----------targetNo increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$$ per Total Undergraduate SCH: Unadjustedactual$276.98$273.59Not available at this time----------targetNo increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$$ per Total Undergraduate & Graduate SCH: in 2015 $$ (CPI-adjusted) actual$244.00$239.49Not available at this time----------targetNo increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$$ per Total Undergraduate & Graduate SCH: Unadjustedactual$256.89$254.01Not available at this time----------targetNo increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$No increase in CPI adjusted $$Graduates per FTE (Objective A)Baccalaureate graduates per undergraduate FTEactual21.821.622.1----------targetNANA22.222.2Baccalaureate graduates per junior/senior FTEactual41.241.242.5----------targetNANA42.542.5Graduate degree graduates per graduate FTEactual46.842.745.3----------targetNANA44.044.0Performance Measure Explanatory Notes *Measure required by SBOE ................
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