MU Budget Funding Sources Fiscal Year 2014 Operating Fund Targeted Tuition & Student Fees Federal Appropriations Targeted.

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Presentation transcript:

MU Budget

Funding Sources Fiscal Year 2014 Operating Fund Targeted Tuition & Student Fees Federal Appropriations Targeted State Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue $572M 100M 17M 36M 193M 71M 1,154M $2,144M 26.7% 4.7% 0.8% 1.7% 9.0% 3.3% 53.8% 100%

“Enterprise” Operations Hospitals & Clinics University Physicians University Stores Athletics Residential Life Campus Dining Research Reactor Agriculture Parking KOMU Office of Research/Patent & Royalty Other $701M 165M 56M 52M 45M 29M 13M 11M 8M 7M 3M 65M $1,154M 60.7% 14.3% 4.9% 4.5% 3.9% 2.5% 1.1% 1.0% 0.7% 0.6% 0.2% 5.6% 100%

General Operating Sources Total: $572M Operating Fund State Appropriations$182M Tuition$353M Indirect Cost $37M

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

What’s Wrong With This Picture? FY 2001 – FY 2014 Head Count CPI State Appropriations

State Support to Higher Education FY 2013 National Comparison* Appropriation per Capita Ranking *Information obtained from the Grapevine Report published by Illinois State University

Tuition & Fee Comparison 2013 – 2014 Institution AAU Public AAU Public & Private SEC Big Ten Big XII University of Missouri-Columbia Average $11,383 $25,385 $11,296 $14,565 $13,895 $9,415 Lowest $6,263 $8,061 $6,456 Highest $17,100 $49,138 $42,978 $45,527 $36,590 Combined Tuition & Fees Source: U.S. News Best Colleges 2012

FY2013 State Appropriations for Higher Ed Per Capita *Information obtained from the Grapevine Report published by Illinois State University

Strategic Operating Plan Five year plan 2014 to 2018 Drives how new state funds will be allocated Identifies our priorities as a campus All resource decisions will be related to the plan

Strategic Operating Plan (cont.) Strategy Statement: MU’s mission as a public, land-grant university is to discover and disseminate knowledge. Building on its unique interdisciplinary research and teaching strengths, exemplified by Mizzou Advantage, MU will, by 2018, enhance its academic stature as measured by publicly available metrics, including those of the Association of American Universities (AAU).

Strategic Operating Plan (cont.) 1.Strengthen interdisciplinary and experiential learning for Mizzou’s undergraduate, graduate, and professional students 2.Recruit, develop, and retain faculty and staff in order to promote MU’s strategic goals 3.Grow MU’s high-impact research and creative activity by enhancing campus infrastructure and other resources 4.Ensure that MU’s revenue model allows for strategic investments and leverages MU’s strengths to drive state and regional economic development

MUSOP – 5 year Expenditures

MUSOP – 5 year Revenues

MU Budget