- Enhance communication regarding University financial resources
- Implement an evolved University budget planning timeline for budget supervisors and the campus
- Initiate multi-year budget planning
- Develop a new resource allocation funding model
- Implement audit recommendations related to student fees
- Assess the institution's cost allocation model
Cal Poly Humboldt has made strides in improving its financial position due to collective planning of many past and current leaders. Highlights of the previous year include the polytechnic endeavor, the infusion of funds to support the transformation, and historic growth in philanthropic and research support.
The University remains more than 30% below its system- funded enrollment target of 7,603 annual resident full-time equivalent students, the budget is heavily reliant on state funding, the economy is showing mixed signals, and the University is experiencing a rise in unfunded/partially funded mandates, cost escalation, and inflation.
2022-23 Operating Fund Revenue Budget
Humboldt’s 2022-23 Operating Fund Revenue Budget is $149.6 million, reflecting an increase of $16 million from the prior year due to additional funding from the state, the majority of which is earmarked for the polytechnic transformation.
2022-23 Operating Fund Expenditure Budget
Humboldt’s 2022-23 Operating Fund Expenditure Budget is $149.6 million. The majority of the University’s budget continues to be salary and benefit costs at almost $120 million combined, 80% of the budget. Financial Aid is the next highest budgeted cost at $11.5 million, 8% of the budget. All other budgeted activities, such as utilities, insurance, equipment, information technology costs, miscellaneous operating expenses, and pending allocations due to timing (compensation funding for general salary increases, polytechnic allocations, etc.) comprise the remaining 12% of the budget.
Detailed information about the University’s Operating Fund and all other budgeted funds is available on the University Budget Office website on OpenBook (Humboldt’s public facing budget dashboards). The dashboards provide different views of budget information, with the ability to drill into additional detail. For example, the University Operating Fund Expenditure Budget dashboard provides several different views of the expenditure budget, including by type of spending, by organizational structure, and by FIRMS (NACUBO) classification.
For reference, this OpenBook Overview document provides an overview of OpenBook and available views by dashboard.
Polytechnic Resources
To date, $8,875,000 of the $25 million ongoing and $50 million in one-time funding has been allocated to the campus from the Chancellor’s Office to support polytechnic implementation. The University recently submitted its July 2022 Polytechnic Financial Planning Update highlighting progress, and significant campus planning work will continue this fall to further solidify needed investments to successfully launch new polytechnic academic programs in Fall 2023.
Graduation Initiative 2025 (GI2025)
The CSU allocates resources to each campus to aid in supporting strategies to meet their GI2025 goals and the equity priorities. Humboldt received $512,000 in funding.