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Minnesota’s Budget and the Impact on MSUM

Minnesota’s Budget and the Impact on MSUM. President’s Open University Forum Wednesday, March 26, 2003 Minnesota State University Moorhead. State Investment in Higher Education is Declining. State Higher Education Appropriation per $1,000 in Personal Income.

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Minnesota’s Budget and the Impact on MSUM

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  1. Minnesota’s Budgetand the Impact on MSUM President’s Open University Forum Wednesday, March 26, 2003 Minnesota State University Moorhead

  2. State Investment inHigher Education is Declining State Higher Education Appropriation per $1,000 in Personal Income Office of the President

  3. State Spending per StudentDeclined Since 1999 State appropriation per FYE Office of the President

  4. Proportion of Operating BudgetFinanced by Tuition is Rising MnSCU state appropriation and tuition revenue as a percent of total Office of the President

  5. MnSCU—Current Reality Office of the President

  6. Financial Aidwon’t make up the difference This example is for students from low-income families. For students from families with higher incomes, the state grant would be smaller. Office of the President

  7. Widening Financial Gap forMSUM Students *Based on tuition & fees for 15 credits, room & board, and books. Office of the President

  8. State Financial Aidgives more money to students at private institutions Where the financial aid dollar goes Where the students go $65.3 million 143,499 $40.1 million PrivateInstitution* StateColleges&Universities StateColleges&Universities 37,062 PrivateInstitution* *Private institutions include 2-year career schools and 4-year colleges. Office of the President

  9. Revenue Structure for M&E Budget Fee Income/Carry Forward Tuition Growth (1% = $210,000) Rate Increase (1%=$210,000) Allocation of State Funds Office of the President

  10. Minnesota State University MoorheadM&E FY 2003 (see handout for details) Office of the President

  11. Minnesota State University MoorheadM&E FY 2004 (Planning) Office of the President

  12. Additional FY04 M&E Expenses Office of the President

  13. Meeting the Budget Challenge • Unknown factors • Salary settlements • Tuition and impact on enrollment • Non-salary inflation • Limitations • Contract provisions regarding timing of layoffs • Commitments already made for the 2004-2005 academic year • Limited options • Cuts • Tuition increases Office of the President

  14. MSUM’s Current Precautions • Actions are tied to M&E Budget • Suspend authorizing new searches • Freeze 1% of operating budgets • Evaluate balance between learning capacity (sections/courses/seats) and teaching capacity (number of faculty employed and assigned to teaching) • Freeze “zero-based funding” projects for review • Decide whether retrenchments or layoffs are necessary Office of the President

  15. Office of the President

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