1. 1 http://mubudget.missouri.edu/ Chair’s Retreat Budget Update FY 2016

2. Operating Fund Targeted Tuition & Student Fees Restricted Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue $618M 121M 21M 165M 75M 1,283M $2,284M 27.1% 5.3% 0.9% 7.2% 3.3% 56.2% 100% Fiscal Year 2016 Budget Funding Sources

3. “Enterprise” Operations Hospitals & Clinics University Physicians Athletics University Stores Residential Life Campus Dining Research Reactor Veterinary Medicine Agriculture Parking KOMU Office of Research/Patent & Royalty Other $787M 181M 68M 54M 49M 29M 16M 15M 10M 8M 4M 54M $1,283M 61.3% 14.1% 5.3% 4.2% 3.8% 2.3% 1.2% 0.8% 0.6% 0.3% 4.2% 100% Fiscal Year 2016 Budget

4. General Operating Sources Total: $617M Operating Fund State Appropriations$220M Tuition$362M Indirect Cost $35M Fiscal Year 2016 Budget

5. 27% 70% 3 % Change in General Operating Funding Sources TUITION STATE SUPPORT

6. State Support to Higher Education FY 2015 National Comparison* Appropriation per Capita Ranking *Information obtained from the Grapevine Report published by Illinois State University 44 7 18 21 10 30 22 6 20

7. Head Count CPI State Appropriations Revenue Drivers FY 2001 – FY 2015

8. Clearly we can’t do everything Strategic planning process brings focus Progress is being evaluated More refinement of the focus takes place 8

9. General Operating Expenses Operating Fund Salaries and Wages61.8% Benefits19.0% Operating Expenses 19.2% Fiscal Year 2016 Budget

10. Campus reallocation/revenue growth 2% across GO base Recovery of Institutional Support & Other Change in GO support from F&A recovery State funding Strategic plan funding Divisional reallocation/revenue growth Reallocation Supplemental fee growth Increase in Tuition Growth in Enrollment Growth in Tuition Rate (.8% resident, 3% non-resident) Increased online enrollment Total Revenue Original Plan Recurring $9,794,120 8,794,120 1,000,000 4,000,000 11,000,000 7,500,000 3,500,000 16,931,507 7,350,000 8,581,507 1,000,000 41,725,627 Projected Budget $9,261,187 8,794,120 1,967,067 (1,500,000) 3,750,320 9,800,000 7,500,000 2,300,000 8,165,755 12,770 7,152,985 1,000,000 30,977,262 FY2016 Revenue Sources

11. 1.3.1 & 1.3.2 Scholarship Growth 2.4.8 Title IX 3.1.1 Utility increases 3.1.2 M&R to stay at 0.67% of physical plant value 3.1 Increase Rate Increase Total Unavoidable Cost Original Plan Recurring $5,000,000 965,440 1,048,422 617,594 0 7,631,456 Projected Budget $4,918,797 1,500,640 456,284 518,702 873,273 8,267,696 FY2016 Unavoidable Cost Increases

12. 1.1.1 Mizzou Advantage educational programs 1.2.1 New UG majors 2.1.1 Strategic faculty hiring 2.1.6 Faculty hiring to maintain student faculty ratios 2.3.1 Targeted faculty salary increases 2.3.2 Maintain salary position 2.3.3 Faculty promotion adjustments 2.4.1 Diversity faculty hiring and spousal accommodation 3.1.2 Augment current M&R budget 3.2.1 Core Facilities 3.2.4 Research infrastructure 3.3.1 ASB and general IT increase 3.3.2 Improve library acquisitions 3.3.3 Research IT investment 4.1.8 Cover deficits 4.1.1 Revenue Sharing Total Strategic Investments Original Plan Recurring $250,000 500,000 5,500,000 - 3,000,000 13,000,000 600,000 1,108,984 1,000,000 600,000 1,000,000 675,000 750,000 500,000 5,010,187 34,094,171 FY2016 Strategic investments of recurring funds Projected Budget $ - - 3,500,000 1,000,000 2,500,000 9,800,000 600,000 150,000 250,000 350,000 250,000 - 500,000 3,209,566 22,709,566

13. 2.1.1 Strategic faculty hiring 2.1.6 Faculty hiring to maintain student faculty ratios 2.3.1 Targeted faculty salary increases 2.3.2 Maintain salary position 2.3.3 Faculty promotion adjustments 2.4.1 Diversity faculty hiring 2.4.1 Spousal accommodation Original Plan Recurring $5,500,000 - 3,000,000 13,000,000 600,000 300,000 FY2016 Strategic Investments -Theme 2 Projected Budget $3,500,000 1,000,000 2,500,000 9,800,000 600,000 300,000

14. 3.1.2 Augment current M&R budget 3.2.1 Core Facilities 3.2.4 Research infrastructure 3.3.1 ASB and general IT increase 3.3.2 Improve library acquisitions 3.3.3 Research IT investment Original Plan Recurring $1,108,984 1,000,000 600,000 1,000,000 675,000 750,000 FY2016 Strategic Investments -Theme 3 Projected Budget $150,000 250,000 350,000 250,000 -

15. 4.1.8 Cover deficits 4.1.1 Revenue Sharing Original Plan Recurring $500,000 5,010,187 FY2016 Strategic Investments -Theme 4 Projected Budget $500,000 3,209,566

16. 16 Chairs’ Retreat August 25, 2015

17. Tuition & Fee Comparison 2014 – 2015 Institution AAU Public AAU Public & Private SEC Big Ten Big XII University of Missouri-Columbia Average $11,465 $26,510 $11,737 $14,345 $14,678 $9,433 Lowest $6,313 $8,070 $6,960 Highest $17,772 $51,008 $43,838 $47,251 $38,723 Combined Tuition & Fees Resident Undergraduate Source: Association of American Universities Data Exchange (AAUDE) Annual Academic Year Tuition and Required Fees 2014-15 Composite Report

18. Tuition & Fee Comparison 2014 – 2015 Institution AAU Public AAU Public & Private SEC Public SEC Public & Private Big Ten Public Big Ten Public & Private Big XII Public Big XII Public & Private University of Missouri-Columbia Average $11,465 $26,510 $9,268 $11,737 $11,814 $14,345 $8,687 $14,678 $9,433 Lowest $6,313 $8,070 $6,960 Highest $17,772 $51,008 $11,876 $43,838 $17,502 $47,251 $9,798 $38,723 Combined Tuition & Fees Resident Undergraduate Source: Association of American Universities Data Exchange (AAUDE) Annual Academic Year Tuition and Required Fees 2014-15 Composite Report