1. CHANCELLOR’S REPORT Faculty Senate, January 26, 2017
Chancellor Cheryl B. Schrader, Ph.D.

2. Announcements President-designate Mun Choi Visit Studies provided
Visiting Missouri S&T Monday, Feb. 6
Open forum for faculty at 2:15 p.m. in St. Pat’s Ballroom
Studies provided
UM System Review Commission
Missouri Department of Higher Education
State budget outlook
Current FY: Withholds of $146 million
$82 million withheld from higher education
FY18: Potential cuts of $450 million or more

3. Withholds to FY17 Funding
Original appropriation
Actual after 3% reserve
Actual after Sept. 16, withholding
Actual after Jan. 17, withholding
Core Funding (Appropriations for GRA Base)
$56,095,318
$54,412,458
$50,427,261
Clay Co. Grad Engineering Programs
1,000,000
970,000
485,000
254,051
Project Lead The Way
400,000
388,000
194,000
113,169
Cooperative engineering program with MSU
565,831
Total appropriation to campus
$58,495,318
$56,740,458
$56,061,458
$51,360,312

4. Available Funds Estimate
FY17 Revenue Estimates
Millions
Net revenue loss from enrollment shifts
($0.7)
State appropriations held back (does not include line item withholds)
($4.0)
Estimated revenue shortfall for FY17
(4.7)

5. Available Funds Estimate
FY18 New Recurring GRA Funds Available
Millions
FY17 revenue loss from enrollment shifts
($0.7)
Possible permanent state appropriations held back (does not include line item withholds)
($4.0)
FY18 new tuition & fee revenue w/ flat enrollment with BOC approval
$6.3
FY18 tuition & fee revenue adjustment for change in enrollment mix
($2.7)
FY18 net tuition & fee revenue available
$3.6
Mandatory items to fund (P&T, insurance, etc.)
($1.4)
Net New Funds Available FY18
($2.5)

6. GRA Base 1% $1.2 M 2% $2.4 M 3% $3.6 M 4% $4.8 M 5% $6.0 M
General Revenue Allocation (GRA) $120 Million without utilities, insurance, etc. 1%
$1.2 M 2%
$2.4 M 3%
$3.6 M 4%
$4.8 M 5%
$6.0 M

7. Timeline for FY18 (tentative)
Jan. 30: Preliminary budget impacts due to vice chancellor for finance & administration
Early February: Budget open forum
Feb. 3: Governor’s budget due to General Assembly
Mid-February: Cabinet reviews preliminary budget impacts
Feb.-April: Campus input on budget reduction and allocation priorities (includes input from Budgetary Affairs Committee)
Early April: Identify preliminary budget reductions & allocations
Mid-April: Tuition & fee increase recommendations due to UM System
Early May: Departments notified of budget reductions and allocations
Late May: Budget finalized