1 Fiscal Year 2014 Operating Budget UM Board of Curators FINANCE COMMITTEE June 13, 2014
2 FY2014 UM All Funds Budget is $2.9 billion
3 FY2014 Key Planning Assumptions State support for operations: flat plus funding for performance and MU Medical School expansion Tuition & Fees: increases driven by enrollment growth changes in student mix and increase in approved rates Salary & Wage Budget: budget increase for merit and market varies from 1.5% to 3% salary/wage base Medical & Retirement benefits: amount equal to 1.5% of benefit eligible salaries & wages Strategic Plan: budgets are consistent with campus strategic plans
4 FY2014 Budget by Fund Type Dollars in Millions
5 Total Budget by Revenue Source Dollars in Millions
6 Total Budget by Use of Funds Dollars in Millions
7 FY2014 Operations Funds Budget Dollars in Millions