Transcript 2012 BUDGET
MU Budget http://mubudget.missouri.edu/ Funding Sources Fiscal Year 2014 Operating Fund Targeted Tuition & Student Fees Federal Appropriations Targeted State Appropriations Grants & Contracts Gifts, Endowment & Investment Income Enterprise Operations Total Revenue $572M 100M 17M 36M 193M 71M 1,154M 26.7% 4.7% 0.8% 1.7% 9.0% 3.3% 53.8% $2,144M 100% “Enterprise” Operations Hospitals & Clinics University Physicians University Stores Athletics Residential Life Campus Dining Research Reactor Agriculture Parking KOMU Office of Research/Patent & Royalty Other $701M 165M 56M 52M 45M 29M 13M 11M 8M 7M 3M 65M 60.7% 14.3% 4.9% 4.5% 3.9% 2.5% 1.1% 1.0% 0.7% 0.6% 0.2% 5.6% $1,154M 100% General Operating Sources Total: $572M Operating Fund • State Appropriations $182M • Tuition $353M • Indirect Cost $37M Change in General Operating Funding Sources 100% 90% 27% 80% TUITION 70% 62% 60% 50% 70% 40% STATE SUPPORT 30% 32% 20% 10% 3% 0% INDIRECT COST 6% What’s Wrong With This Picture? FY 2001 – FY 2014 60% Head Count 50% 40% CPI 30% 20% 10% 0% State Appropriations -10% -20% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Head Count State Appropriations FY Based CPI State Support to Higher Education FY 2013 National Comparison* Appropriation per Capita Ranking 20 7 13 17 19 44 15 30 9 *Information obtained from the Grapevine Report published by Illinois State University Tuition & Fee Comparison 2013 – 2014 Institution AAU Public AAU Public & Private SEC Big Ten Big XII University of Missouri-Columbia Source: U.S. News Best Colleges 2012 Combined Tuition & Fees Lowest Average Highest $6,263 $11,383 $17,100 $6,263 $25,385 $49,138 $6,263 $11,296 $42,978 $8,061 $14,565 $45,527 $6,456 $13,895 $36,590 $9,415 FY2013 State Appropriations for Higher Ed Per Capita Bordering States $400 $355.46 $350 $307.38 $300 $277.02 $256.14 $263.08 $269.15 $257.17 $250 $225.39 $229.72 Tennessee US Average $200 $154.64 $150 $100 $50 $0 Arkansas Illinois Iowa Kansas Kentucky Missouri *Information obtained from the Grapevine Report published by Illinois State University Nebraska Oklahoma Strategic Operating Plan • Five year plan 2014 to 2018 • Drives how new state funds will be allocated • Identifies our priorities as a campus • All resource decisions will be related to the plan Strategic Operating Plan (cont.) Strategy Statement: MU’s mission as a public, land-grant university is to discover and disseminate knowledge. Building on its unique interdisciplinary research and teaching strengths, exemplified by Mizzou Advantage, MU will, by 2018, enhance its academic stature as measured by publicly available metrics, including those of the Association of American Universities (AAU). Strategic Operating Plan (cont.) 1. Strengthen interdisciplinary and experiential learning for Mizzou’s undergraduate, graduate, and professional students 2. Recruit, develop, and retain faculty and staff in order to promote MU’s strategic goals 3. Grow MU’s high-impact research and creative activity by enhancing campus infrastructure and other resources 4. Ensure that MU’s revenue model allows for strategic investments and leverages MU’s strengths to drive state and regional economic development MUSOP – 5 year Expenditures 38,094,000 36,191,835 Theme 1 64,234,146 Theme 2 Theme 3 162,291,656 Theme 4 MUSOP – 5 year Revenues Private Sources, $4,000,000 New State funds for Strategic Investment, $34,960,000 Student Fees, $78,197,362 Budget Reallocation, $183,654,273 MU Budget http://mubudget.missouri.edu/