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Running One MIIS Finances and Physical Facilities

Running One MIIS Finances and Physical Facilities. Warm-up. Tuition for 2009/2010 is: A. $15,450 B. $31,000 C. $42,450 D. $47,372. Warm-up (continued). Student FTE budgeted for 2009/10 is: A. 820 B. 762 C. 626 D. 783. Warm-up (continued).

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Running One MIIS Finances and Physical Facilities

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  1. Running One MIIS Finances and Physical Facilities

  2. Warm-up • Tuition for 2009/2010 is: • A. $15,450 • B. $31,000 • C. $42,450 • D. $47,372

  3. Warm-up (continued) • Student FTE budgeted for 2009/10 is: • A. 820 • B. 762 • C. 626 • D. 783

  4. Warm-up (continued) • What % of MIIS budget is covered by students (excluding Sponsored Activities) • A. 77% • B. 70% • C. 73% • D. 65%

  5. Budget Information - Revenue

  6. Revenue Pie

  7. Budget Information - Expense

  8. Expense Pie

  9. Balance Sheet as of 6/08 – Assets (000’s)

  10. Balance Sheet – June 2008 (000’s)

  11. MIIS

  12. MIIS

  13. Budget Changes – 2009/10 • Chart of Accounts changes to reflect reorganization • Advising, GSTILE, GSIPM (AACSB) • Benefits now budgeted where salary is budgeted • Detail salary listing planned (dependent on fund) • Academic Excellence budget distributed by Org • Hard copy report to be distributed monthly • Management responsibility partnership

  14. Integration with Middlebury • Role as Acting ED of Business and Finance Operations through July 31, 2010 • Principles • What needs to be done at MIIS should be done at MIIS • Take advantage of economies of scale where appropriate • Tubs on own bottoms • Take advantage of synergies, e.g. • Licenses and Fees • Accreditation • Reduction in reporting requirements (990 and FISAP)

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