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mubudget.missouri/

Chair’s Retreat Budget Update FY 2016. http://mubudget.missouri.edu/. Funding Sources. 27.1% 5.3% 0.9% 7.2% 3.3% 56.2% 100%. Operating Fund Targeted Tuition & Student Fees Restricted Appropriations Grants & Contracts Gifts , Endowment & Investment Income

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mubudget.missouri/

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  1. Chair’s Retreat BudgetUpdateFY 2016 http://mubudget.missouri.edu/

  2. Funding Sources 27.1% 5.3% 0.9% 7.2% 3.3% 56.2% 100% Operating Fund Targeted Tuition & Student Fees Restricted Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue Fiscal Year 2016 Budget $618M 121M 21M 165M 75M 1,283M $2,284M

  3. “Enterprise” Operations • Hospitals & Clinics • University Physicians • Athletics • University Stores • Residential Life • Campus Dining • Research Reactor • Veterinary Medicine • Agriculture • Parking • KOMU • Office of Research/Patent & Royalty • Other Fiscal Year 2016 Budget $787M 181M 68M 54M 49M 29M 16M 15M 10M 8M 8M 4M 54M $1,283M 61.3% 14.1% 5.3% 4.2% 3.8% 2.3% 1.2% 1.2% 0.8% 0.6% 0.6% 0.3% 4.2% 100%

  4. General Operating SourcesTotal: $617M Fiscal Year 2016 Budget • Operating Fund • State Appropriations $220M • Tuition $362M • Indirect Cost $35M

  5. Change in General Operating Funding Sources 27% 70% 3 % TUITION STATE SUPPORT

  6. State Support to Higher EducationFY 2015 National Comparison* Appropriation per Capita Ranking 20 7 6 44 18 22 30 21 10 *Information obtained from the Grapevine Report published by Illinois State University

  7. Revenue DriversFY 2001 – FY 2015 Head Count CPI State Appropriations

  8. Clearly we can’t do everything • Strategic planning process brings focus • Progress is being evaluated • More refinement of the focus takes place

  9. General Operating Expenses Fiscal Year 2016 Budget • Operating Fund • Salaries and Wages61.8% • Benefits19.0% • Operating Expenses 19.2%

  10. FY2016 Revenue Sources Original Plan Recurring $9,794,120 8,794,120 1,000,000 4,000,000 4,000,000 11,000,000 7,500,000 3,500,000 16,931,507 7,350,000 8,581,507 1,000,000 41,725,627 Projected Budget $9,261,187 8,794,120 1,967,067 (1,500,000) 3,750,320 3,750,320 9,800,000 7,500,000 2,300,000 8,165,755 12,770 7,152,985 1,000,000 30,977,262 Campus reallocation/revenue growth 2% across GO base Recovery of Institutional Support & Other Change in GO support from F&A recovery State funding Strategic plan funding Divisional reallocation/revenue growth Reallocation Supplemental fee growth Increase in Tuition Growth in Enrollment Growth in Tuition Rate (.8% resident, 3% non-resident) Increased online enrollment Total Revenue

  11. FY2016 Unavoidable Cost Increases 1.3.1 & 1.3.2 Scholarship Growth 2.4.8 Title IX 3.1.1 Utility increases 3.1.2 M&R to stay at 0.67% of physical plant value 3.1 Increase Rate Increase Total Unavoidable Cost Original Plan Recurring $5,000,000 965,440 1,048,422 617,594 0 7,631,456 Projected Budget $4,918,797 1,500,640 456,284 518,702 873,273 8,267,696

  12. FY2016 Strategic investments of recurring funds Projected Budget $ - - 3,500,000 1,000,000 2,500,000 9,800,000 600,000 600,000 150,000 250,000 350,000 250,000 - - 500,000 3,209,566 22,709,566 Original Plan Recurring $250,000 500,000 5,500,000 - 3,000,000 13,000,000 600,000 600,000 1,108,984 1,000,000 600,000 1,000,000 675,000 750,000 500,000 5,010,187 34,094,171 1.1.1 Mizzou Advantage educational programs 1.2.1 New UG majors 2.1.1 Strategic faculty hiring 2.1.6 Faculty hiring to maintain student faculty ratios 2.3.1 Targeted faculty salary increases 2.3.2 Maintain salary position 2.3.3 Faculty promotion adjustments 2.4.1 Diversity faculty hiring and spousal accommodation 3.1.2 Augment current M&R budget 3.2.1 Core Facilities 3.2.4 Research infrastructure 3.3.1 ASB and general IT increase 3.3.2 Improve library acquisitions 3.3.3 Research IT investment 4.1.8 Cover deficits 4.1.1 Revenue Sharing Total Strategic Investments

  13. FY2016 Strategic Investments -Theme 2 Original Plan Recurring $5,500,000 - 3,000,000 13,000,000 600,000 300,000 300,000 Projected Budget $3,500,000 1,000,000 2,500,000 9,800,000 600,000 300,000 300,000 2.1.1 Strategic faculty hiring 2.1.6 Faculty hiring to maintain student faculty ratios 2.3.1 Targeted faculty salary increases 2.3.2 Maintain salary position 2.3.3 Faculty promotion adjustments 2.4.1 Diversity faculty hiring 2.4.1 Spousal accommodation

  14. FY2016 Strategic Investments -Theme 3 Original Plan Recurring $1,108,984 1,000,000 600,000 1,000,000 675,000 750,000 Projected Budget $150,000 250,000 350,000 250,000 - - 3.1.2 Augment current M&R budget 3.2.1 Core Facilities 3.2.4 Research infrastructure 3.3.1 ASB and general IT increase 3.3.2 Improve library acquisitions 3.3.3 Research IT investment

  15. FY2016 Strategic Investments -Theme 4 4.1.8 Cover deficits 4.1.1 Revenue Sharing Original Plan Recurring $500,000 5,010,187 Projected Budget $500,000 3,209,566

  16. Chairs’ Retreat August 25, 2015

  17. Tuition & Fee Comparison2014 – 2015 Institution AAU Public AAU Public & Private SEC Big Ten Big XII University of Missouri-Columbia Combined Tuition & Fees Resident Undergraduate Lowest $6,313 $6,313 $6,313 $8,070 $6,960 Highest $17,772 $51,008 $43,838 $47,251 $38,723 Average $11,465 $26,510 $11,737 $14,345 $14,678 $9,433 Source: Association of American Universities Data Exchange (AAUDE) Annual Academic Year Tuition and Required Fees 2014-15 Composite Report

  18. Tuition & Fee Comparison2014 – 2015 Institution AAU Public AAU Public & Private SEC Public SEC Public & Private Big Ten Public Big Ten Public & Private Big XII Public Big XII Public & Private University of Missouri-Columbia Combined Tuition & Fees Resident Undergraduate Lowest $6,313 $6,313 $6,313 $6,313 $8,070 $8,070 $6,960 $6,960 Highest $17,772 $51,008 $11,876 $43,838 $17,502 $47,251 $9,798 $38,723 Average $11,465 $26,510 $9,268 $11,737 $11,814 $14,345 $8,687 $14,678 $9,433 Source: Association of American Universities Data Exchange (AAUDE) Annual Academic Year Tuition and Required Fees 2014-15 Composite Report

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