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Budget Update 2013

Budget Update 2013. http://mubudget.missouri.edu/. Funding Sources Fiscal Year 2013. 26.1% 4.2% 0.7% 1.8% 11.1% 3.0% 53.1% 100%. Operating Fund Targeted Tuition & Fees Federal Appropriations Targeted State Appropriations Grants & Contracts

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Budget Update 2013

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  1. Budget Update 2013 http://mubudget.missouri.edu/

  2. Funding SourcesFiscal Year 2013 • 26.1% • 4.2% • 0.7% • 1.8% • 11.1% • 3.0% • 53.1% • 100% Operating Fund Targeted Tuition & Fees Federal Appropriations Targeted State Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue • $537,394,623 • 85,850,371 • 14,706,529 • 36,843,801 • 228,042,911 • 62,520,910 • 1,092,498,050 • $2,057,857,196

  3. “Enterprise” Operations • Hospitals & Clinics • University Physicians • University Stores • Residential Life • Athletics • Campus Dining • Research Reactor • Agriculture • Parking • KOMU • Office of Research/Patent & Royalty • Other • $654,847,287 • 157,747,408 • 55,693,969 • 42,946,487 • 48,660,685 • 26,630,238 • 12,276,075 • 10,113,436 • 7,675,000 • 10,415,383 • 2,304,007 • 63,188,076 • $1,092,498,050 • 59.9% • 14.4% • 5.1% • 3.9% • 4.5% • 2.4% • 1.1% • 0.9% • 0.7% • 1.0% • 0.2% • 5.8% • 100%

  4. General Operating SourcesTotal: $538M • Operating Fund • State Appropriations $169M • Tuition $332M • Indirect Cost $37M

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

  6. Budget Tree Hospital, KOMU, Athletics, Bookstore Targeted Tuition / Fees Gifts & Grants Other Appropriations Operating Fund State Support Tuition

  7. State Appropriations for OperationsFY 2001 – FY 2013

  8. Enrollment GrowthFY 2001 – FY 2013 Head Count 47% Increase

  9. What’s Wrong With This Picture?FY 2001 – FY 2012 Head Count CPI State Appropriations

  10. State Support per Student FTEIn Real $

  11. Cause & Effect Source: UM System Planning & Budget

  12. Tuition & Fee Comparison2012 – 2013 Institution AAU Public AAU Public & Private SEC Big XII Big Ten University of Missouri-Columbia Combined Tuition & Fees Lowest $5,656 $5,656 $5,656 $6,090 $8,057 Highest $16,690 $47,246 $42,118 $34,590 $43,799 Average $10,904 $24,647 $10,727 $13,254 $14,151 $9,257 Source: U.S. News Best Colleges 2012

  13. State Support to Higher EducationFY 2012 National Comparison* Appropriation per Capita Ranking 23 7 14 44 19 12 29 22 9 *Information obtained from the Grapevine Report published by Illinois State University

  14. FY2012 State Appropriations for Higher EdPer Capita *Information obtained from the Grapevine Report published by Illinois State University

  15. State Support to Higher EducationFY 2012 Appropriation per Capita Ranking* TOP TEN • Wyoming • North Dakota • Alaska • North Carolina • New Mexico • Hawaii • Nebraska • Mississippi • Arkansas • Alabama *Information obtained from the Grapevine Report published by Illinois State University

  16. FY2012 State Appropriations for Higher EdPer Capita *Information obtained from the Grapevine Report published by Illinois State University

  17. Capital Projects $377,000,000 $210,000,000 Current Construction Projects Projects In Design

  18. Capital Projects Employment $377,000,000 $188,500,000 3,770,000 1812 Current Projects 50% is Labor $50 / hour ÷ 2080 hours Jobs

  19. Athletic Economic ImpactFY 2013 (Estimate) $185,000,000 Athletic Events State Championship Concerts Includes Impact Related to Venue & Non-venue Amount =

  20. Work Yet To Do • Salaries • To Get To AAU Public Mean $14M • Above Plus Improve Faculty Mix $25M • Facilities • Deferred Maintenance$212M • Capital Renewal $284M

  21. Budget Update 2013 http://mubudget.missouri.edu/

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