Campaign Planning Committee Budget Updatemubudget.missouri.edu

Campaign Planning Committee Budget Update

1. Questions to Answera) If state funding is only 12% of your budget, it can’t be that important. What’s

the big deal?b) You raised $1B in the comprehensive campaign. Can’t you use some of that

to balance the budget?c) You have a lot of construction on campus. You must not have a budget

problem.d) How can you afford athletics if you have a budget problem?

2. Points to Emphasize1. MU has an enormous impact on Columbia, Boone County and the State.2. Enrollment and tuition is “king.”

MU Funding SourcesFiscal Year 2011

Tuition $274,332,177 14.7%Supplemental Fees 9,061,862 0.5%Extension Tuition & Fees 18,412,870 1.0%Other Student Fees 36,133,603 1.9%Federal Appropriations 16,951,955 0.9%State Appropriations 228,688,257 12.2%Grants & Contracts 175,750,000 9.4%Recovery of Indirect Costs 35,000,000 1.9%Gifts, Endowments & Investment Income 57,171,538 3.1%“Enterprise” Operations* 1,020,538,787 54.5%

Total Revenue $1,872,041,050

*See the following slide for detail

“Enterprise” Operations

Hospitals & Clinics University Physicians University Stores Residential Life Athletics*

Campus Dining Vet Medicine Clinical Services Research Reactor KOMU

*See the following slide for detail

$624,493,497 137,758,124 49,962,271 38,949,042 35,489,004 24,765,917 20,864,130 10,162,436 9,747,000

MU Intercollegiate Athletics

• Total Budget = $50M– Ticket & suite sales; NCAA/Conference revenue; Gifts; Licensing; Endowment income;

Campus– 96% self sufficient

• ICA pays $7.4M for scholarships

• Student/Athletics Success– Upper quartile on APR scores in Big XII & BCS– Graduation rate of 80%– 248 athletes (50%) with GPA of 3.0 or higher– Overall GPA of 2.94

• Impact on Enrollment– Financial Aid website hits up 25% on OU weekend– Campus nonresident enrollment parallels athletics success

MU Funding SourcesTotal: $1.9 B

General Op-er-at-ing 26%

Designated3%

Restricted

16%

Enterprise Opera-tions55%

“Enterprise” Operations - $1,020MHospitals and ClinicsUniversity PhysiciansAthleticsBookstoreHousing and Dining Services

General Operating - $488MTuitionState supportGrant and contract indirect costs

Restricted - $299MOther State appropriationsGrant and contracts GiftsEndowment distributions

Designated - $64MExtension TuitionITF, Health & Activity feesCollege Course fees

MU General Operating SourcesTotal: $488M

General Operations:

Core budget for on-campus teaching and support services

State Appropriations $179M

Indirect Cost $35M

Tuition$273M

Change in General Operating Funding Sources

19901995

20002005

20110%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

37%

56%

7%

70%

27%

3%

TUITION

STATE SUPPORT

General Operating

Gifts & GrantsRestricted Appropriations

Designated Fees

Enterprise Operations

State Support Tuition

State Support Per Student FTE

Student FTE

State Funding

State Support / FTE

FY01

19,950

$193 M

$9,675

FY11

27,838

$179 M

$6,445

Change

40% |

-7% |

-33% |

Percent

State Tax Appropriations to Higher Education in MissouriFY 2011 National Comparison*

• Appropriation per Capita Ranking – 45th

*Information obtained from the Grapevine Report published by Illinois State University

45

7

18

1612

21

15

27

25

MU $1B Comprehensive Campaign

• Cash & Expectancies

• Gifts are Restricted (Not a substitute for General Operating funds)

• Provides Margin of Excellence– Faculty Recruitment– Student Recruitment through scholarships– Facilities

• Relationship Building

MU Capital Improvements

• Primary Sources of Funding– Gifts– Grants– Revenue Bonds– Auxiliary Reserves

• Revenue Bonds Debt Service– Revenue generated by the facility– M&R funding (Tate & Switzler Halls)

• General Operating Funds– We have not pledged tuition or state funding for debt service

MU Impact

• Federal Funds• Nonresident Tuition• Total

(Plus: Gifts, Endowments, Foundation/Industry Grants, Clinical Trials)

• MU’s Weekly Payroll

• Construction Spending– Ten Year Average of $100,000,000– Currently over $400,000,000 in progress, planning or design

• Faculty are “small businesses”

$370,000,000 110,000,000$480,000,000

$16,000,000

Institution

AAU PublicAAU Public & PrivateBig XIIBig Ten

University of Missouri-Columbia

University of Missouri-Columbia (with 5.8% increase)

Average

$9,683$22,449

$9,674$13,463

$8,501

$8,989

Tuition & Fee Comparison2010 – 2011

Lowest

$5,044$5,044$6,779$7,417

Highest

$15,250$43,814$29,824$40,223

Combined Tuition & Fees

MU Student Financial Support

• Student Financial Aid– Scholarships– Fellowships– Graduate Fee Waivers(Does not Include loans)

• Student Employment

• Tuition & Required Fees– Covered for students from families with

income < $60,000

$112,000,000

$50,000,000

Campaign Planning Committee Budget Update

1. Questions to Answera) If state funding is only 12% of your budget, it can’t be that important. What’s

the big deal?b) You raised $1B in the comprehensive campaign. Can’t you use some of that

to balance the budget?c) You have a lot of construction on campus. You must not have a budget

problem.d) How can you afford athletics if you have a budget problem?

2. Points to Emphasize1. MU has an enormous impact on Columbia, Boone County and the State.2. Enrollment and tuition is “king.”

Campaign Planning Committee Budget Updatemubudget.missouri.edu