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Community Leaders Update mubudget.missouri.edu. Community Leaders 1.Questions to Answer a)If state funding is only 12% of your budget, it can’t be that.

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Presentation on theme: "Community Leaders Update mubudget.missouri.edu. Community Leaders 1.Questions to Answer a)If state funding is only 12% of your budget, it can’t be that."— Presentation transcript:

1 Community Leaders Update mubudget.missouri.edu

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

3 MU Funding Sources Fiscal 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 Sources Total: $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 i ndirect 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 Sources Total: $488M State Appropriations $179M Indirect Cost $35M Tuition $273M

8 Change in General Operating Funding Sources

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

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

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

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 Institution AAU Public AAU Public & Private Big XII Big Ten University of Missouri-Columbia University of Missouri-Columbia (with 5.8% increase) Average $9,683 $22,449 $9,674 $13,463 $8,501 $8,989 Tuition & Fee Comparison 2010 – 2011 Lowest $5,044 $6,779 $7,417 Highest $15,250 $43,814 $29,824 $40,223 Combined Tuition & Fees

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

18 Community Leaders Update mubudget.missouri.edu


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