1

http://mubudget.missouri.edu/

Budget Allocation Advisory Council

Budget OverviewFY 2015

Operating FundTargeted Tuition & Student FeesFederal AppropriationsTargeted State AppropriationsGrants & ContractsGifts, Endowment & Investment IncomeEnterprise Operations

Total Revenue

$574M 108M

17M 37M

163M 73M

1,198M

$2,170M

26.4%5.0%0.8%1.7%7.5%3.4%

55.2%

100%

Fiscal Year 2015

Funding Sources

“Enterprise” Operations

Hospitals & ClinicsUniversity PhysiciansAthleticsUniversity StoresResidential LifeCampus DiningVeterinary MedicineResearch ReactorAgricultureParkingKOMUOffice of Research/Patent & RoyaltyOther

$739M162M

56M53M47M30M15M14M

9M8M7M4M

54M

$1,198M

61.7%13.5%

4.7%4.5%3.9%2.5%1.2%1.2%0.8%0.6%0.6%0.3%

4.5%

100%

General Operating SourcesTotal: $574M

Operating Fund

• State Appropriations $182M

• Tuition $355M

• Indirect Cost $37M

Salaries and WagesBenefitsOperating Expenses

Total Expenses

61%18%

21%

100%

Fiscal Year 2015

Operating Fund Expenses

19901995

20002005

20102015

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

62%

32%

6%

INDIRECT COST

27%

70%

3 %

Change in General Operating Funding Sources

TUITION

STATE SUPPORT

Tuition & Fee Comparison2014 – 2015

Institution

AAU PublicAAU Public & PrivateSEC Big TenBig XII

University of Missouri-Columbia

Average

$11,465$26,510$11,737$14,345$14,678

$9,433

Lowest

$6,313$6,313$6,313$8,070$6,960

Highest

$17,772$51,008$43,838$47,251$38,723

Combined Tuition & Fees

Source: Association of American Universities Data Exchange (AAUDE) Annual Academic Year Tuition and Required Fees 2014-15 Composite Report

Strategic Operating Plan

• Five year plan 2014 to 2018

• Drives how new state funds will be allocated

• Identifies our priorities as a campus

• All significant resource decisions will be related to the plan

Strategic Operating Plan

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

Strategic Plan Report

Status: FY14 planned expenditures = $55M

FY14 actual expenditures = $67M

Next: Measure results against goals

Communicate results

Adjust FY15 plan based on results

Strategic Plan Update

11

Current year (FY14) Adjustments

• Discontinued NTT research hiring (2.1.2)

• Began integration of Mizzou Advantage with

SOP

Strategic Plan Adjustments

12

Done through a substantial adjustment to scholarship policies for AY15 admissions.

Current projections of measured results:• Increase in high ability students

• Current estimate is a 25% increase in 30+ ACT students/slightly more than 200 students

• Positive impact on overall enrollment• $5.5M increase in scholarship expenditures

Lever 1.3 Recruit and Retain Best Students

13

20 New “Signature” Faculty will be hired over the next 4 years

• Medicine – 5• Health Sciences – 2• Physical Sciences – 4• Life Sciences (Plant) – 4• Engineering – 4• Journalism (New Media) – 1

Lever 2.1 Future Faculty Hiring

14

Faculty hiring—Deeper Topical Dive

• Medical & Health Sciences– Epigenetics (1)– Microbiome (1) – Health Outcomes-Medical

Informatics (1)– Neuroscience-Brain Imaging-Rehab

(1)– Psychology-Addiction (1)

• Physical Sciences– Chemistry

• Inorganic (1)• Theoretical (1)

• Plant-Life Sciences– Plants Stress (2)– 4 joint-hires with the Danforth Plant

Sciences Center (2)

Big Data Computational Methods (1)Bio-informatics (1)Social Science (Demography?) (1)Geography/Geospatial (1)Journalism/New Media (1)

EngineeringEldercare (1)Nuclear Hardened Materials (1)Nanotechnology (1)Biomedical (1)

15

Internal reallocation for merit increases• Same expectation as last year that departments

self fund these increases• We anticipate achieving about the same level

of increases as last year

Other actions• Merit increases for high-performing faculty• Faculty promotion increases will be provided

centrally by the campus

Lever 2.3 Faculty and Staff Compensation

16