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Board of Trustees

Board of Trustees. Budget Update 04/13/2012. Budget Objectives Building Value for Michigan. Build upon status as one of world’s top 100 universities, serving Michigan first

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Board of Trustees

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  1. Board of Trustees Budget Update 04/13/2012

  2. Budget Objectives Building Value for Michigan • Build upon status as one of world’s top 100 universities, serving Michigan first • Sustain land-grant mission - preserve access for talented students, prepare students to be part of a highly talented work force and provide cutting edge research and outreach, – the key drivers for 21st century prosperity • Fulfill obligations of a responsible long-term steward of MSU’s people, programs and facilities • Assure MSU remains a best value for students and other stakeholders

  3. MSU Context Metrics • Academics,Research & Outreach • 77% graduation rate – up 3% in 5 years, the largest increase in the Big Ten • Exceeds predicted (U.S. News) graduation rate by 15% • 91% retention rate – Carnegie peer median 87% • 90% of seniors rated their educational experience as good or excellent • Student faculty ratio – 16:1, approximates Big Ten average • $439M in external support, up 15% in five years • 1,000,000+ outreach contacts per year

  4. MSU Context Metrics • Financial Aid • Over $600M in financial aid administered, 200% increase over 10 years, general fund supported aid up 67% over five years • Student debt levels beneath national averages MSU Maintains Distribution of Family Income Within Student Population

  5. MSU Context Metrics • Stewardship • Over past five years, reengineered employee health care programs • Eliminated funded post-retirement health care for new employees • Incentivized use of generic drugs • Capped funded health care growth at 5% per year • Top 6th percentile over 10 years for endowment performance • Among the lowest energy cost and consumption patterns in the Big Ten • Over $110M in reductions and cost containment efforts over 3 years • 58% of expenses dedicated to core activities (Instruction, research, public service), 2nd in the Big Ten

  6. Appropriation “What if Analysis”

  7. Appropriation Analysis-AgBio/MSUE • 11-12 Approp3% • AgBio $28.3M $0.9M • MSU E $24.4M $0.7M • Governor, Senate, and House recommendation each call for appropriations at 2011-12 levels • House recommendation includes provision that could allocate an additional $1.6M (3.0%) if performance funding remains unallocated • Impact of state funds are compounded by leveraging of federal match

  8. Appropriation Analysis-FRIB • Governor and Senate include FRIB funding of $2.4M in 12-13 in their respective recommendations • Governor also includes $5.0M in 13-14 • House proposal shifts like amount to Department of Treasury appropriation • Amounts are dedicated to pay debt service on community cost-share portion of project • Longer term, work to receive appropriations adequate to fund project expenditures directly instead of debt service model

  9. MSU Planning Model Summary *Preliminary budget approved by the BOT in June, 2011 **Includes 1.5% general merit, 0.5% college market, plus 1.0% provost market pool *** Appropriations and resident undergraduate tuition based upon Governor’s recommendation, utilities reduced by 2.1M, entering class assumed at 7,650

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