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2012 BUDGET UPDATE

2012 BUDGET UPDATE. http://mubudget.missouri.edu/. Funding Sources Fiscal Year 2012. 25.2% 3.7% 0.8% 1.8% 11.2% 3.3% 54.0% 100%. Operating Fund Targeted Tuition & Fees Federal Appropriations Targeted State Appropriations Grants & Contracts

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2012 BUDGET UPDATE

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  1. 2012BUDGETUPDATE http://mubudget.missouri.edu/

  2. Funding SourcesFiscal Year 2012 • 25.2% • 3.7% • 0.8% • 1.8% • 11.2% • 3.3% • 54.0% • 100% Operating Fund Targeted Tuition & Fees Federal Appropriations Targeted State Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue • $510,201,180 • 76,008,493 • 16,572,476 • 36,843,795 • 227,142,000 • 66,169,575 • 1,094,832,199 • 2,027,769,719

  3. “Enterprise” Operations • Hospitals & Clinics • University Physicians • University Stores • Residential Life • Athletics • Campus Dining • Research Reactor • Agriculture • Parking • KOMU • Office of Research/Patent & Royalty • Other • $666,992,680 • 152,820,993 • 56,679,302 • 42,042,298 • 43,052,163 • 26,758,098 • 10,807,480 • 9,976,868 • 7,865,000 • 7,428,622 • 3,146,901 • 34,259,269 • $1,094,832,199 • 60.9% • 14.0% • 5.2% • 3.8% • 3.9% • 2.4% • 1.0% • 0.9% • 0.7% • 0.7% • 0.3% • 6.1% • 100%

  4. Funding SourcesFiscal Year 2012 25.2% $510,210,180 Operating Fund 76,008,493 Targeted Tuition & Fees 3.7% 16,572,476 0.8% Federal Appropriations Targeted State Appropriations 36,843,795 1.8% Grants & Contracts 227,142,000 11.2% 66,169,575 3.3% Gifts, Endowment & Investment Income 54.0% 1,094,832,199 Enterprise Operations 2,027,769,719 100% Total Revenue

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

  6. Budget Tree Hospital, KOMU, Athletics, Bookstore Targeted Tuition / Fees Gifts & Grants Other Appropriations Operating Fund State Support Tuition

  7. General Operating SourcesTotal: $510M • Operating Fund • State Appropriations $166M • Tuition $308M • Indirect Cost $37M

  8. State Appropriations for OperationsFY 2001 – FY 2012

  9. Enrollment GrowthFall 2000 – Fall 2011 Head Count 45% Increase

  10. What’s Wrong With This Picture?FY 2001 – FY 2012 Head Count CPI State Appropriations

  11. State Support to Higher EducationFY 2012 National Comparison* Appropriation per Capita Ranking 23 7 14 44 19 12 29 22 9 *Information obtained from the Grapevine Report published by Illinois State University

  12. FY2012 State Appropriations for Higher EdPer Capita *Information obtained from the Grapevine Report published by Illinois State University

  13. FY2012 State Appropriations for Higher EdPer $1,000 in Personal Income *Information obtained from the Grapevine Report published by Illinois State University

  14. State Support to Higher EducationFY 2012 Appropriation per Capita Ranking* BOTTOM TEN • Ohio • Nevada • Michigan • Missouri • Oregon • Pennsylvania • Vermont • Colorado • Arizona • New Hampshire *Information obtained from the Grapevine Report published by Illinois State University

  15. State Support to Higher EducationFY 2012 Appropriation per Capita Ranking* TOP TEN • Wyoming • North Dakota • Alaska • North Carolina • New Mexico • Hawaii • Nebraska • Mississippi • Arkansas • Alabama *Information obtained from the Grapevine Report published by Illinois State University

  16. FY2012 State Appropriations for Higher EdPer Capita *Information obtained from the Grapevine Report published by Illinois State University

  17. State Support to Higher EducationFY 2012 National Comparison* SEC States Mississippi Arkansas Alabama Kentucky Louisiana Georgia Texas Tennessee Florida South Carolina Missouri Funding Per Capita $320.36 $307.55 $306.27 $282.75 $281.99 $268.11 $251.77 $220.20 $190.10 $183.66 $154.74 Rank 8 9 10 12 13 16 21 29 37 39 44 *Information obtained from the Grapevine Report published by Illinois State University

  18. Cause & Effect Source: UM System Planning & Budget

  19. Funding per Student FTE

  20. Funding per Student FTE $98,687,176

  21. Tuition & Fee Comparison2011 – 2012 Institution AAU Public AAU Public & Private SEC Big XII Big Ten University of Missouri-Columbia Combined Tuition & Fees Lowest $5,656 $5,656 $5,656 $7,108 $7,648 Highest $16,132 $45,290 $41,332 $31,658 $41,983 Average $10,434 $23,706 $10,183 $10,383 $13,555 $8,989 Source: U.S. News Best Colleges 2012

  22. Administrative EfficiencyFY 2010* Instruction Research Public Service Academic Support Student Services Administration Plant UM System 70.9% 29.1% Public Doctoral 66.1% 33.9%

  23. Economic Impact 50% 12% 38% 100% $16,000,000 $1,000,000 • Salaries/Wages • Employee Benefits • Operating Expense • Total • MU’s Weekly Payroll • Weekly Gifts • Building & Construction Spending • Ten Year Average of $138,000,000 • Currently over $450,000,000 in progress, planning or design

  24. Capital Projects Employment $138,000,000 $69,000,000 1,380,000 663 ≈ 650 Average Annual Amount 50% is Labor $50 / hour Hours ÷ 2080 hours FTE Jobs

  25. 2012BUDGETUPDATE http://mubudget.missouri.edu/

  26. Funding per Resident FTE $131,963,428

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