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Budget Advisory Group

Thursday, April 30, 2026

8:00 am – 9:30 am

Sheldon Ballroom

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Agenda

  1. 2025 - 2026 Total Operating Budget
  2. Enrollment Targets Update
  3. Auxiliary Services Update
  4. 2025 - 2026 Budget Overview
  5. 2026 - 2027 Budget Development
  6. Fiscal Landscape Considerations
  7. University Advancement Update
  8. Questions/Comments

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2025-2026 Budget Overview:�Total Operating Budget (All Funds) - $115M - complete

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Fall 2026 Enrollment Update (1)

As of 4/28/26: 4,918 Students (73.2% of Goal: 6,715)

vs. 4,844 Fall 2025

Returning Student Registration

  • 3,919 registered (+2/+0.1% vs. 2025)
  • Undergraduate: 3,323 (-44/-1.3%)
  • Graduate: 596 (+46/+8.4%)

New Student Registration

  • 350 registered (+200/+133%)
  • New First-Year: 221 (+202/+1,063%)
  • New Transfer: 129 (-2/-1.5%)

Deposits (Current)

  • 1,185 total (44% to goal)
  • First-Year: 871 (50%/-25 or -3%)
  • Transfer: 214 (36%/-4 or -2%)
  • Graduate: 96 (24%/+16/+20%)

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Fall 2026 Enrollment Update (2)

  • Fall 2025 included 100+ international deposits with high melt
    • Inflated due to a process change in Fall 2025�
  • Domestic deposits (adjusted)
    • Fall 2026: 1,077
    • Fall 2025: 1010 (-6.6% vs F26)
    • Fall 2024: 917 (-17.4% vs F26)�
  • Takeaway: +6% domestic growth vs. last year; topline differences driven by international decline

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Fall 2026 Enrollment Update (3)

 SUNY Oswego at Syracuse: Focused Program Performance

On Track:

  • Mental Health Counseling
    • 114 applications / 36 admits / 21 deposits
    • Target: 11 students
  • HCI (Graduate)
    • 64 applications / 13 admits / 4 deposits
    • Target: 8 students
  • C&I Master’s Programs
    • 42 applications / 15 admits / 13 deposits
    • Target: 22 students
  • School Psychology
    • 111 applications / 26 admits / 13 deposits
    • Target: 12 students

Early / Developing:

  • Human Development BA (Syracuse)
    • 4 applications / 4 admits / 1 deposit
    • Target: 15 students
  • Business Administration BS (Syracuse)
    • 8 applications / 4 admits / 0 deposits
    • Target: 15 students
  • IPS Online Programs
    • 18 applications / 5 admits / 3 deposits
    • Target: 25 students

​

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Fall 2026 Enrollment Update (4)

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Target Cohort (9 Oswego County & �5 SCSD High Schools)

Enrollment & Application Goals

Progress (as of 4-27-26)

Fall 2022 (Base Comparison)

Prior to SUNY Oswego Direct launch

  • 66 enrolled
  • 254 applications
  • 26% conversion rate

NA

Fall 2026 (Pilot Year)

SUNY Oswego Direct Launch

  • 95 enrolled (Target)
  • 342 applications (Target)
  • 28% conversion rate
  • 110 deposits needed to yield enrollment
  • 72 deposits received (65% of deposit goal)
  • 353 applications (11 above goal)
  • Preferred deposit deadline: May 1, 2026

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Fall 2026 Enrollment Update (5)

Laker Scholars 2026

  • Enrolled Numbers (as of 4/29/26)
    • 295 Active Offers
    • 58 Agreements
    • 52 Deposits

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International Student Enrollment Update (1)

Fall 2025 — Fall 2026 applications down over 50%

Fall 2025: 1,034 — Fall 2026: 483 apps

​

Undergraduate degree seeking:

  • Applications and admits to date
    • Apps 2025: 894 — 2026: 385
    • Admits 2025: 431 — 2026: 138

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Graduate degree seeking:

  • Applications and admits to date
    • Apps 2025: 140 — 2026: 98
    • Admits 2025: 36 — 2026: 34

Fall 2026 estimates based on “new normal” conditions

  • Fall 2025 international enrollment: 197
  • Estimated fall 2026: 160*

This includes:

  • 115 returning students (same as last year)
  • 40 new exchange visitor students (same)
  • *15 new degree seeking students (same %)�

Global conditions are still stifling:

  • Visa interview wait times still bad in key markets
  • Visa refusals show no sign of improvement
  • Fewer applications due to negative US perception

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International Student Enrollment Update (2)

What Are We Doing, New And Different

Still almost 500 potential students despite these terrible conditions

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  • Focusing more on markets closer and “visa friendlier” like Bahamas, Canada 
  • Enhancing productive exchange/visitor partnerships like Japan and France 
  • Structured “official” relationships like:
    • Scholarships for Bahamians with Ministry of Education
    • Turkey Dual Diploma Program under existing SUNY framework
    • 1-2-1 in China partnering with AASCU
    • Online degree cohort pilot like TGM in Nigeria
    • Identifying other well-structured transfer pipelines wherever feasible 
  • Offering international students free, well-referred visa interview advising service (AIRC pilot)
  • More aggressive Slate communications campaigns and I-20 issuances

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Fall to Spring Retention

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Auxiliary Services Update (1)

Navigating Macroeconomic Realities

-$1.5M Projected Revenue Shortfall 

  • Driven by shifting enrollment patterns and reduced state budgets.

-$615,000 Projected Operating Deficit 

  • Calculated before pension and bond prepayments.
    • Soaring Food CPI (+4.1%)
    • Rising Student & Employer Health Insurance Costs
    • Global Energy Cost volatility
    • Supply Chain Tariffs

​

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Auxiliary Services Update (2)

Strategic Reinvestment & Protecting Student Value

Securing the Future

Capital Optimization

  • Prepaying the remaining 6 years of the Lakeside bond to fund Residence Life and Housing (RLH) improvements, alongside prepaying $270K in 26-27 rent and utilities.

​

​

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Shielding Costs

Institutional Reserves

$615,000 Strategic Infusion

Neutralizes price increases by covering $315K in Cost of Goods Sold (COGS) and offsetting $300K to maintain the current Inclusive Access pricing model. Protects academic necessities.

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Auxiliary Services Update (3)

Unmatched Dining Value

  • Oswego operates 80 additional days, serving continuously through academic breaks unlike peer institutions.

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Period

Oswego

Peers

Current

$25.98

$30.36 - $34.76

26-27 Projected

$27.20

$30.96 - $35.80

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2025 - 2026 Operational Budget Summary/Financial Plan – Revenue Offset (Operations) (1)

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Line Item

Financial Plan 7/1/25

Update as of 12/31/25

Update as of 2/28/26

Update as of 4/24/26

Base Operational Financial Plan

$68.3M

$68.3M

$68.3M

$68.3M

Updated Projected Revenue 12/31/25

—

($0.997M)

($0.997M)

($0.997M)

Updated Projected Revenue 2/28/26

—

—

($0.199M)

($0.199M)

Updated Projected Revenue 4/24/26

—

—

—

($0.600M)

Additional Operating Aid

+$2.0M

+$2.0M

+$2.0M

+$2.0M

Additional Monies for Specific Initiatives

+$0.043M

+$0.043M

+$0.043M

+$0.043M

TOTAL Operating Financial Plan

$70.3M

$69.3M

$69.1M

$68.5M

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2025 - 2026 Operational Budget Summary/Financial Plan – Revenue Offset (Operations) (2)

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Line Item

Financial Plan 7/1/25

Update as of 12/31/25

Update as of 2/28/26

Update as of 4/24/26

Disbursements/Transfers

($74.3M)

($74.3M)

($74.6M)

($74.4M)

Additional Adjunct Support

—

($0.7M)

($0.7M)

($0.7M)

Savings from holding positions

—

$0.6M

$0.6M

$0.6M

TOTAL Disbursements/Transfers

($74.3M)

($74.4M)

($74.7M)

($74.3M)

Operating Surplus/Deficit

($4.0M)

($5.1M)

($5.6M)

($5.8M)

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Disbursements

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Academic Enterprise (Revenue Offset, General IFR, SUTRA) & Dormitory Operations

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2025 - 2026 Form 1 Allocation $ - Revenue Offset (Operations)

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2025 - 2026 Form 1 Allocation % - Revenue Offset (Operations)

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2025-2026 Form 1 Allocation $ – All Funds (Revenue Offset, DIFR, General IFR, SUTRA)

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2025-2026 Form 1 Allocation % – All Funds (Revenue Offset, DIFR, General IFR, SUTRA)

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Divisional Structure

  • Academic Affairs - Academic Departments, Academic Support, Campus Technology Services, Library, Registrar
  • Administration & Finance - Facilities, Finance, Human Resources, Purchasing, Student Accounts, University Police
  • Communications & Marketing - Communications/Marketing, Design, News & Media
  • Enrollment Management - Admissions, Financial Aid
  • President’s Division – Office of Institutional Research, Planning & Assessment, Office of Workforce Innovation and External Relations (OWIER), Office of Diversity, Equity, and Inclusion, Triandiflou Institute, Title IX, Accessibility
  • Student Affairs - Athletics, Campus Events & Conferences, Campus Recreation, Counseling, Dean of Students, Health Services, Residence Life & Housing, Student Orientation
  • University Advancement - Alumni, Career Services, Foundation

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2026 - 2027 Budget Development

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NYS Budget Timeline

2026/27 NYS Budget “Call Letter” (Sept./Oct.)

Finalizing Budget Request (Sept./Oct.)

2026/27 Budget Request to Board for Approval (Sept./Oct.)

Advocacy (Nov./Dec.)

2026/27 Executive Budget (Jan.)

Advocacy (Jan.)

Advocacy (Feb./Mar.)

30 Day Amendments (Feb./Mar.)

Budget Hearings (Apr. 1)

One House Bills (Apr./June)

Negotiations (Apr./June)

More Advocacy (Apr./June)

2026/27 Enacted Budget (Apr./June)

Budget Development and Implementa-tion (Apr./June)

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2026 - 2027 Budget Update

  • Current status – Negotiations are still underway
  • Emergency Spending bill has been passed through April 30, 2026
  • Does not affect SUNY
    • SUNY and State of New York operate on different fiscal years

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SUNY Oswego Budget Timeline

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4/1/2026

NYS Budget Approved

Still waiting after 4/1 for Enacted Budget

~4/30–5/30/2026

President Approval

Questica/Euna Budget approval has begun

5/15/2026

Initial Revenue Projection

Request comes from SUNY for our Initial Revenue projection for 26-27

~5/30–6/30/2026

Update Allocations

Make modifications to the budget based on final revenue projections & NYS Enacted Budget

~7/1/2026

Preliminary Budget Set

Allocations set by Campus

~7/1–7/15/2026

BOT to set Financial Plan

SUNY Oswego will begin to submit budget after this meeting to System Admin for review

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Financial Stability Plan (1)

Academic Enterprise (Revenue Offset, General IFR, SUTRA)

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Metric

Projected 2026/27

Projected 2027/28

Projected 2028/29

Projected 2029/30

Fall Student Headcount

6,500

6,560

6,620

6,680

Revenue

$93,119,806

$91,837,436

$92,398,506

$93,416,389

Expenses

$94,625,805

$91,624,674

$90,133,334

$92,483,908

Operating Surplus / (Deficit)

($1,505,999)

$212,762

$2,265,122

$932,481

Total Closing Cash

$6,404,913

$6,617,674

$8,882,847

$9,815,329

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Financial Stability Plan (2)

Dormitory Operations

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Metric

Projected 2026/27

Projected 2027/28

Projected 2028/29

Projected 2029/30

Fall Student Room Occupancy

3,100

3,145

3,190

3,235

Revenue

$12,736,342

$14,901,489

$17,404,392

$18,039,072

Expenses

$17,067,196

$15,738,963

$14,798,550

$15,066,401

Operating Surplus / (Deficit)

($4,330,854)

($837,474)

$2,605,842

$2,972,671

Total Closing Cash

$6,014,921

$5,177,449

$7,783,289

$10,755,959

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Fiscal Stability Plan: Key Assumptions

  • Enrollment growth from 6,500 to 6,680 students
  • $5M in budget efficiencies in FY26-27, additional $3M by FY27-28, and �$2.7M in FY28-29
  • No additional state support beyond FY 26-27
  • Collective bargaining results in 3% growth in salaries annually for the life of the plan
  • Residence Hall Occupancy growth of 45 students annually for the life of the plan; rate increases of 5% per year until FY28-29
  • Continue strategic hiring and hiring pause for all non mission critical positions

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Strategies and Initiatives Underway (1)

  • VPAA/Provost & VPEM
    • Searches Underway
  • Strategic Plan
    • Enrollment Strategy Audit (ESA)
    • Strategic Enrollment Management Plan
  • SUNY Oswego at Syracuse
    • Undergrad Completion Programs
    • Graduate Programs
    • Adult and Continuing Education
    • Microcredentials
  • Freshman Admissions
    • Direct Admit Launched (14 high schools)
    • Laker Scholar Program
  • Strategic Hiring and Operational Efficiencies
    • All Campus Divisions
    • Revenue Generation
    • VSIP (Under Review)

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Strategies and Initiatives Underway (2)

  • Seamless Transfer
    • CNYTC (4 community colleges)
    • Transfer Summit
    • Transfer Council
  • Curricular Renewal & Innovation
    • Academic Portfolio Optimization (APO)
    • Degree Productivity Analysis and Framework
    • Meetings with Dept. Faculty (30/32 departments visited)
  • Retention and Completion
    • Academic Momentum Campaign
    • New Advising Structure Launched
    • Strengthening Opportunity Programs�(ACE, EOP, C-STEP, DC-Cap, Trio)
    • National Institute for Student Success �(NISS) Study
    • Federal Title III Grant
    • Federal Trio Grant

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Strategies and Initiatives Underway (3)

  • Scholarship & Financial Aid Optimization – Implemented
    • Refining scholarship strategy to improve competitiveness and maximize enrollment impact
    • Aligning institutional aid to support priority enrollment segments and yield goals
      • Online Growth
        • 7 undergrad and 11 grad
        • International Enrollment (e.g., MBA)

​

​

​

�

    • Process Improvement and Engagement
      • Real-time enrollment dashboards operational
      • Strategic support from Marcomm
      • Website Improvement
      • Early Registration for Continuing and New First Year Students

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Collections Update: Unpaid Student Accounts

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April 17, 2026

​

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Summary by student class

# of students

Balance Due (spring 26)

Freshmen

92

$223,540.58

Sophomore

153

$430,389.48

Junior

168

$252,392.69

Senior

313

$386,620.70

Grad

91

$193,848.89

TOTALS

817

$1,486,792.34

April 24, 2026

​

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Summary by student class

# of students

Balance Due (spring 26)

Freshmen

92

$208,718.95

Sophomore

170

$409,738.08

Junior

175

$242,962.28

Senior

323

$357,588.34

Grad

88

$175,389.54

TOTALS

817

$1,394,397.19

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Disruptors in the Higher Education Landscape

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Core Focus

    • Higher Education

Internal Institutional Areas

    • Change within the Institution
    • Resistance to change
    • Organizational structure
    • Financial Constraints
    • Lack of internal innovation

External Factors

    • Labor market trends
    • Competition from other institutions
    • Social and political changes
    • Changing student demographics
    • Geopolitical events
    • Economic factors
    • Technological advancements

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University Advancement: FY26 Fundraising

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Raised $8.4 million (April 2026)

  • Cash and pledge commitments $5.2M
  • Revocable bequest intentions $3.2M
  • 4,500+ donors

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Oswego University Foundation Endowment Summary

Difficult March:

  • Return of -4.34%
  • YTD return of 5.84%

April results have erased March losses:

  • Current endowment: $89.6M (4/23)
  • YTD Return: 10.5%

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Questions/Comments

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