Attachment 3 Projection of Required and Available Resources Projected Need for Resources  Making and sustaining the investments included in the University’s 2020-21 Budget Plan, along with comparable investments in subsequent years, will require additional core funds totaling $2.1 billion annually by 2024-25.  Estimates do not include CA resident enrollment growth, which is assumed to be funded separately based on agreedupon targets with the Legislature. All figures in millions Mental health, SAPEP, other student support 2030 Framework UC Riverside School of Medicine AB 94 debt service Non-personnel costs Employee and retiree benefits $1,346 Faculty and staff salaries Discontinued one-time funds Total $931 $2,121 $1,756 $532 $95 19-20 Projected Resources from UC and State Base Budget Adjustments  UC figures represent aggressive efforts to maximize return on assets, increase philanthropy, and reduce costs. 20-21 21-22 Additional resources and/or cuts needed State support @ 5% Net revenue from NR growth Cost savings/alt revenues Total  State funds reflect Governor’s January budget proposal for 2020-21 (excluding $20M in restricted funds) and 5% base budget adjustments in future years  UC would still face an annual budget gap, which would have to be addressed over time through a combination of additional State support, alternative resources, or adjustments or cuts to existing or planned programs and services. 24-25 $1,756 $734 $655 $520 $931 $1,047 $382 $532 $819 $602 $259 $395 $198 $95 $0 19-20  Inflation-based adjustments to student charges would significantly reduce – but not eliminate – the projected shortfall in resources. 23-24 $2,121 $1,346  With no additional resources, the annual budget shortfall is expected to grow from $259M in 2020-21 to $734M by 2024-25. Impact of Inflation-Based Adjustments to Tuition, the Student Services Fee, and Nonresident Supplemental Tuition 22-23 $126 $182 $230 $279 $62 20-21 21-22 22-23 23-24 24-25 Additional resources and/or cuts needed NRST adjustment @ CPI Tuition/SSF adjustment @ CPI State support @ 5% Net revenue from NR growth Cost savings/alt revenues $1,346 Total $205 $2,121 $183 $1,756 $224 $172 $380 $134 $297 $98 $931 $217 $180 $63 $532 $167 $63 $95 $ 19-20 $139 $29 $126 $182 $230 $279 $62 20-21 21-22 22-23 23-24 24-25