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7/14/2011 2
ProposedUniversityOperatingBudgets
FiscalYearEndingJune30,2012
July14,2011
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Central Michigan University is a strong institutionand is committed to:
Ensuring quality student learning
Increasing retention and graduation rates
Preparing students for success after graduation
Increasing student financial aid
Attracting and retaining highly talented, dedicatedfaculty/staff and students
Investing in future academic programs and capital
projects
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2000-01 Appropriations Per FiscalYear Equated Student (FYES)
$10,958
$9,674$9,248
$8,017
$6,931
$6,094
$5,228 $5,115$4,788
$4,629 $4,617
$4,351 $4,305 $4,063 $3,808
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
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2010-11 Appropriations Per Fiscal
Year Equated Student (FYES)
$3,658
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
Same buyingpower as
$2,867 in 2001
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Michigan Public UniversitiesTuition Comparison Undergraduate
FALL 2010 FTIAC TUITION CREDIT HOUR RATES
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Michigan Public UniversitiesTuition Comparison Undergraduate
FALL 2011 FTIAC UNIVERSITY TUITION CREDIT HOUR RATESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%
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201112CMUMichiganResident
UndergraduateTuitionRates
Fall 2010-11 undergraduate rate: $346/credit hour
Fall 2011-12 proposed undergraduate rate:
Dollar & PercentIncrease
Rate PerHour
$12 ~ (3.47%) $358
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Note: Does not apply to current students who are still coveredunder The CMU PromiseTM 2,118 students
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Michigan Public UniversitiesTuition Comparison Undergraduate
FALL 2011 UNIVERSITY FTIAC ANNUAL TUITION & FEESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%
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Note: The effective total annual cost for CMU including The CMU PromiseTM cohort for Fall 2011 equals $10,416
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TuitionIncreases
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University Tuition %
GVSU* 7.00%
NMU* 7.00%
OU7.00%
MTU 6.95%
LSSU 6.94%
MSU 6.90%
SVSU 6.90%
UM - D 6.90%
WSU 6.90%
UM - F 6.80%
UM - AA 6.70%
WMU 6.66%
FSU 5.14%
EMU 3.65%
CMU 3.47%
* Universities modeled @ 7%
FY 2011-12 Tuition Rates
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2011-12 Tuition Rate Percentage IncreasesApproved rates in blue and others in red @ 7%
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FinancialPlan
Declining state appropriations Plan decreased student enrollment 2.1%
Financial aid investment- $3.8M: 9.1% increase from 2010-2011
Infrastructure investments - $2.7M Additional tenure-track faculty investment- $2.2M
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CMUFinancialAid $39.5M of CMU funds are invested in student financial aid
Centralis Scholarships Multicultural Recognition ScholarshipsGrad Fellowship Grants Board of Trustees Academic ExcellenceCMU Grants CMU 3.5 Scholarships
Michigan Indian Tuition Grants
Additional $3.8M funds invested for FY 2011-12 Increased BOT Academic Scholarships - $200,000 (23%)
Increased CMU grants (need based aid) - $2M (37%); $1M directed atjuniors and seniors
Increased study abroad scholarships - $76,000 (76%)
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CMUFinancialAidcontinued:
Created new scholarship grants:
CMU Access Grants for 1st generation students - $650,000
Distinguished student awards - $895,000
Continue $320,000 in work study funds to replace funds eliminated byState of Michigan
Overall approximately two-thirds of CMU undergraduate students
receive financial aid
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BudgetAssumptions
Revenue:
Decreased state appropriation funding by $12M, in additionto several years of previous reductions
$22M total since 2002 Planned decrease in undergraduate student enrollment,
2.1% Modest undergraduate resident tuition increase, 3.47%
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BudgetAssumptions
Expense: $12M expenditure reduction (2011-12 - $9M base and $3M one-time;
2012-13 - $3M base first quarter) Reduced 25.55 FTE vacant positions
Personnel Management Campus wide position management Continue savings from outsourcing services Vacant position eliminations
Supplies & Equipment
Continued emphasis on conservative fiscal spending Utility budget remains stable for the third year based on existing square
footage
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BudgetAssumptions
Expense continued:
Expense Reduction Plan
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Spring 2010 Budget Decision: $5,210,550
Spring 2011 Plan:Central Administration Division $1,000,000
Academic Affairs Division 1,889,450
Finance & Administrative Services Division 700,000
President's Division 100,000
Development & External Relations Division 100,000
Total: 3,789,450
Sub-Total $9,000,000
2012-13 Plan: 3,000,000
Total University Budget Reductions $12,000,000
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Proposed201112University
OperatingBudget
ProposedRevenueSchedule
TotalUniversityOperatingBudget
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2010-11 2011-12
Approved Proposed
Unrestricted General Unrestricted General
Fund Budget Fund Budget
RevenueNet State Appropriations $80,064,200 $68,079,200
Tuition and Fees - On Campus 189,691,837 204,596,263
Tuition and Fees - ProfEd 42,988,417 46,848,546
Departmental Activity 13,410,286 14,079,203
Total Revenue $326,154,740 $333,603,212
2010-11 2011-12
Approved ProposedNon-General Non-General
Fund Budget Fund Budget
Revenue
Parking Services 2,734,000 2,734,000
Residences and Auxiliary Services $71,560,509 73,872,194
Telecommunications 5,447,995 5,695,330
Athletics 6,106,632 6,431,011
Events Center* N/A 150,000
Public Broadcasting 3,906,675 3,913,525University Health Services 1,992,872 2,030,073
University Recreation* N/A 737,999
Total Revenue $91,748,683 $95,564,132
*Part of General Fund in 2010-11
Non-General Fund
Central Michigan University
General Fund with ProfEd
Proposed Revenue Schedule
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Approved Proposed
2010-11 2011-12University Budget University Budget
Revenues
General Fund $326,154,740 $333,603,212
Non-General Fund 91,748,683 95,564,132
Total University Revenues $417,903,423 $429,167,344
Expenditures
General Fund $326,154,740 $333,603,212
Non-General Fund 91,748,683 95,564,132
Total University Expenditures $417,903,423 $429,167,344
Total Net Revenue/Loss $0 $0
Note: General Fund includes subsidy to non-general fund areas
Central Michigan University
2011-12 University Budget
Revenue and Expenditure Summary
July 14, 2011
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Recommendations Undergraduatetuition
AppliestoalloncampusMichiganresidentundergraduatestudentsexcept
thosestillonTheCMUPromiseTM
Adopt201112OperatingBudgets
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Questions/Comments
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