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Community Leaders Update mubudget.missouri

Community Leaders Update mubudget.missouri.edu. Community Leaders. Questions to Answer If state funding is only 12% of your budget, it can’t be that important. What’s the big deal? You raised $1B in the capital campaign. Can’t you use some of that to balance the budget?

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Community Leaders Update mubudget.missouri

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  1. Community Leaders Updatemubudget.missouri.edu

  2. Community Leaders • Questions to Answer • If state funding is only 12% of your budget, it can’t be that important. What’s the big deal? • You raised $1B in the capital campaign. Can’t you use some of that to balance the budget? • You have a lot of construction on campus. You must not have a budget problem. • How can you afford athletics if you have a budget problem? • Points to Emphasize • MU has an enormous impact on Columbia, Boone County and the State. • Enrollment and tuition is “king.”

  3. MU Funding SourcesFiscal Year 2011 Tuition $274,332,177 14.7% Supplemental Fees 9,061,862 0.5% Extension Tuition & Fees 18,412,870 1.0% Other Student Fees 36,133,603 1.9% Federal Appropriations 16,951,955 0.9% State Appropriations 228,688,257 12.2% Grants & Contracts 175,750,000 9.4% Recovery of Indirect Costs 35,000,000 1.9% Gifts, Endowments & Investment Income 57,171,538 3.1% “Enterprise” Operations* 1,020,538,787 54.5% Total Revenue $1,872,041,050 *See the following slide for detail

  4. “Enterprise” Operations Hospitals & Clinics University Physicians University Stores Residential Life Athletics* Campus Dining Vet Medicine Clinical Services Research Reactor KOMU *See the following slide for detail $624,493,497 137,758,124 49,962,271 38,949,042 35,489,004 24,765,917 20,864,130 10,162,436 9,747,000

  5. MU Intercollegiate Athletics • Total Budget = $50M • Ticket & suite sales; NCAA/Conference revenue; Gifts; Licensing; Endowment income; Campus • 96% self sufficient • ICA pays $7.4M for scholarships • Student/Athletics Success • Upper quartile on APR scores in Big XII & BCS • Graduation rate of 80% • 248 athletes (50%) with GPA of 3.0 or higher • Overall GPA of 2.94 • Impact on Enrollment • Financial Aid website hits up 25% on OU weekend • Campus nonresident enrollment parallels athletics success

  6. MU Funding SourcesTotal: $1.9 B “Enterprise” Operations - $1,020M Hospitals and Clinics University Physicians Athletics Bookstore Housing and Dining Services General Operating - $488M Tuition State support Grant and contract indirect costs Restricted - $299M Other State appropriations Grant and contracts Gifts Endowment distributions Designated - $64M Extension Tuition ITF, Health & Activity fees College Course fees

  7. MU General Operating SourcesTotal: $488M General Operations: Core budget for on-campus teaching and support services State Appropriations $179M Indirect Cost $35M Tuition $273M

  8. Change in General Operating Funding Sources TUITION STATE SUPPORT

  9. Enterprise Operations Designated Fees Gifts & Grants Restricted Appropriations General Operating State Support Tuition

  10. State Support Per Student FTE Student FTE State Funding State Support / FTE Percent • Change • 40% | -7% | -33% | FY11 27,838 $179 M $6,445 FY01 19,950 $193 M $9,675

  11. State Tax Appropriations to Higher Education in MissouriFY 2011 National Comparison* • Appropriation per Capita Ranking – 45th 25 7 27 45 18 15 21 16 12 *Information obtained from the Grapevine Report published by Illinois State University

  12. MU $1B Capital Campaign • Cash & Expectancies • Gifts are Restricted (Not a substitute for General Operating funds) • Provides Margin of Excellence • Faculty Recruitment • Student Recruitment through scholarships • Facilities • Relationship Building

  13. MU Capital Improvements • Primary Sources of Funding • Gifts • Grants • Revenue Bonds • Auxiliary Reserves • Revenue Bonds Debt Service • Revenue generated by the facility • M&R funding (Tate & Switzler Halls) • General Operating Funds • We have not pledged tuition or state funding for debt service

  14. MU Impact • Federal Funds • Nonresident Tuition • Total (Plus: Gifts, Endowments, Foundation/Industry Grants, Clinical Trials) • MU’s Weekly Payroll • Construction Spending • Ten Year Average of $100,000,000 • Currently over $400,000,000 in progress, planning or design • Faculty are “small businesses” $370,000,000 110,000,000 $480,000,000 $16,000,000

  15. Tuition & Fee Comparison2010 – 2011 Institution AAU Public AAU Public & Private Big XII Big Ten University of Missouri-Columbia University of Missouri-Columbia (with 5.8% increase) Combined Tuition & Fees • Highest • $15,250 • $43,814 • $29,824 • $40,223 • Lowest • $5,044 • $5,044 • $6,779 • $7,417 • Average • $9,683 • $22,449 • $9,674 • $13,463 • $8,501 • $8,989

  16. MU Student Financial Support • Student Financial Aid • Scholarships • Fellowships • Graduate Fee Waivers (Does not Include loans) • Student Employment • Tuition & Required Fees • Covered for students from families with income < $60,000 $112,000,000 $50,000,000

  17. Community Leaders • Questions to Answer • If state funding is only 12% of your budget, it can’t be that important. What’s the big deal? • You raised $1B in the capital campaign. Can’t you use some of that to balance the budget? • You have a lot of construction on campus. You must not have a budget problem. • How can you afford athletics if you have a budget problem? • Points to Emphasize • MU has an enormous impact on Columbia, Boone County and the State. • Enrollment and tuition is “king.”

  18. Community Leaders Updatemubudget.missouri.edu

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