Finance & Administration FY19 Budget Update April 30, 2018 2015

Three Major Items of the Budget State Appropriation Tuition and Enrollment Expenditures

State Appropriation Biennium FY18-FY19 FY18 was funded at 55% Less dollars for FY19 FY18 $22,228,840; FY19 $22,067,549 FY19 $161,291 less than FY18 FY19 budget projections at this time does not include supplement

Tuition & Fees Undergrad tuition is frozen at $3,815 per semester Grad tuition rate increased by 4% to $419.60 per credit Other fees for students increased in aggregate by 1%

Enrollment Undergraduate enrollment has decreased over the years FY14 4132 FY15 4105 FY16 4073 FY17 4072 FY18 4019

Enrollment Graduate enrollment has increased over the years FY14 164

Budget Revenue Assumptions Decrease in State Appropriation Frozen Undergraduate tuition Increase Graduate tuition Flat Enrollment Maintain Other Revenue Donation for John Glas Field House

Expenditures Compensation which includes salary and benefits As of 4/23/18 all contracts are approved with the exception of MSUAASF Contracts settled for FY19 between 2%-2.5% with steps Health insurance expected to increase in January Pension bill is expected to pass at end of legislative session

New Expenditures for FY19 HR-TSM Next Gen – future replacement of ISRS Office 365 Single Tenant HLC Scholarship?? Campus Compact??

Non-Salary investments Strategic Planning 100 Year celebration John Glas Field House

Reductions in FY19 Administrative College Restructure IT administration Academic Reduction Non-Salary items by 4.5%

Investments in Personnel Out state recruiter Extensive International Recruiter

FY18 & FY19 BUDGETARY DISPLAY FY 2018 - UPDATE FY2019 REVENUES General Fund Revenue Fund Other Funds* Total State Appropriation 22,228,840   22,067,549 Tuition (credit only) 31,924,868 32,032,783 Other 5,005,475 11,703,908 17,224,643 33,934,026 4,849,642 11,372,211 17,127,957 33,349,810 Carry forward 1,015,929 Total Revenues 59,159,183 88,087,734 59,965,903 88,466,071 EXPENDITURES Personnel 43,037,384 3,454,712 2,209,409 48,701,505 43,774,730 3,453,281 2,356,978 49,584,989 Other Operating Costs 15,372,362 7,613,200 14,663,794 37,649,356 16,191,173 7,123,031 14,760,854 38,075,058 Total Expenditures 58,409,746 11,067,912 16,873,203 86,350,861 10,576,312 17,117,832 87,660,047 Revenues/Expense 749,437 635,996 351,440 1,736,873 795,899 10,125 806,024

Thank you