2012 budget update
DESCRIPTION
2012 BUDGET UPDATE. http://mubudget.missouri.edu/. Funding Sources Fiscal Year 2012. 25.2% 3.7% 0.8% 1.8% 11.2% 3.3% 54.0% 100%. Operating Fund Targeted Tuition & Fees Federal Appropriations Targeted State Appropriations Grants & Contracts - PowerPoint PPT PresentationTRANSCRIPT
2012BUDGETUPDATEhttp://mubudget.missouri.edu/
Funding SourcesFiscal Year 2012
Operating Fund
Targeted Tuition & Fees
Federal Appropriations
Targeted State Appropriations
Grants & Contracts
Gifts, Endowment & Investment Income
Enterprise Operations
Total Revenue
$510,201,180
76,008,493
16,572,476
36,843,795
227,142,000
66,169,575
1,094,832,199
2,027,769,719
25.2%
3.7%
0.8%
1.8%
11.2%
3.3%
54.0%
100%
“Enterprise” Operations
Hospitals & ClinicsUniversity PhysiciansUniversity StoresResidential LifeAthleticsCampus DiningResearch ReactorAgricultureParkingKOMU Office of Research/Patent & Royalty Other
$666,992,680152,820,993
56,679,30242,042,29843,052,16326,758,09810,807,480
9,976,8687,865,000
7,428,622 3,146,901 34,259,269
$1,094,832,199
60.9%14.0%
5.2%3.8%3.9%2.4% 1.0%0.9%0.7%0.7% 0.3% 6.1%
100%
Funding SourcesFiscal Year 2012
Operating Fund
Targeted Tuition & Fees
Federal AppropriationsTargeted State Appropriations
Grants & Contracts
Gifts, Endowment & Investment IncomeEnterprise Operations
Total Revenue
76,008,493
16,572,476
227,142,000
36,843,795
66,169,575
2,027,769,719
$510,210,180
100%
54.0%3.3%
11.2%
1.8%
0.8%
3.7%
25.2%
1,094,832,199
27%
70%
3 %
19901995
20002005
2012
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
60%
33%
7%
INDIRECT COST
Change in General Operating Funding Sources
TUITION
STATE SUPPORT
Operating Fund
Gifts & Grants
Other Appropriations
Targeted Tuition / Fees
Hospital, KOMU, Athletics, Bookstore
State SupportTuition
Budget Tree
General Operating SourcesTotal: $510M
Operating Fund
• State Appropriations$166M
• Tuition $308M
• Indirect Cost $37M
State Appropriations for OperationsFY 2001 – FY 2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012150,000,000
155,000,000
160,000,000
165,000,000
170,000,000
175,000,000
180,000,000
185,000,000
190,000,000
195,000,000
200,000,000
Enrollment GrowthFall 2000 – Fall 2011
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
23,309
33,805
Head Count
45% Increase
What’s Wrong With This Picture?FY 2001 – FY 2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
Head Count State Appropriations FY Based CPI
Head Count
CPI
State Appropriations
State Support to Higher EducationFY 2012 National Comparison*
Appropriation per Capita Ranking
*Information obtained from the Grapevine Report published by Illinois State University
44
7
19
229
29
12
14
23
FY2012 State Appropriations for Higher EdPer Capita
Arkansas Illinois Iowa Kansas Kentucky Missouri Nebraska Oklahoma Tennessee US Average$0
$50
$100
$150
$200
$250
$300
$350
$400
$307.55
$278.65
$241.34
$257.59
$282.75
$154.74
$351.58
$249.31
$220.20$233.23
Bordering States
*Information obtained from the Grapevine Report published by Illinois State University
FY2012 State Appropriations for Higher EdPer $1,000 in Personal Income
Arkansas Illinois Iowa Kansas Kentucky Missouri Nebraska Oklahoma Tennessee US Average$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$9.17
$6.31$6.03
$6.35
$8.42
$4.04
$8.45
$6.70
$6.06
$5.63
Bordering States
*Information obtained from the Grapevine Report published by Illinois State University
State Support to Higher EducationFY 2012 Appropriation per Capita Ranking*
*Information obtained from the Grapevine Report published by Illinois State University
41. Ohio
42. Nevada
43. Michigan
44. Missouri
45. Oregon
46. Pennsylvania
47. Vermont
48. Colorado
49. Arizona
50. New Hampshire
BOTTOM TEN
*Information obtained from the Grapevine Report published by Illinois State University
1. Wyoming
TOP TEN
State Support to Higher EducationFY 2012 Appropriation per Capita Ranking*
2. North Dakota
4. North Carolina
10. Alabama
3. Alaska
5. New Mexico
6. Hawaii
7. Nebraska
8. Mississippi
9. Arkansas
FY2012 State Appropriations for Higher EdPer Capita
Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri SouthCarolina
Ten-nessee
Texas US Av-erage
$0
$50
$100
$150
$200
$250
$300
$350
$306.27 $307.55
$190.10
$268.11$282.75 $281.99
$320.36
$154.74
$183.66
$220.20
$251.77
$233.23
SEC
*Information obtained from the Grapevine Report published by Illinois State University
SEC States
Mississippi
Arkansas
Alabama
Kentucky
Louisiana
Georgia
Texas
Tennessee
Florida
South Carolina
Missouri
State Support to Higher EducationFY 2012 National Comparison*
Funding
Per Capita
$320.36
$307.55
$306.27
$282.75
$281.99
$268.11
$251.77
$220.20
$190.10
$183.66
$154.74
Rank
8
9
10
12
13
16
21
29
37
39
44
*Information obtained from the Grapevine Report published by Illinois State University
Cause & Effect
-20.0%
-10.0%
0.0%
10.0%
20.0%
Percent Increase in Recurring State Appropriations for Operations
Percent Increase in Resident Undergraduate Tuition (Per Credit Hour)
Source: UM System Planning & Budget
Funding per Student FTE
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
5,000
10,000
15,000
20,000
25,000
State Appropriations / FTE Tutition / FTE
Funding / FTE Adj. for Inflation (CPI)
Funding per Student FTE
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 AAU Public 2010
0
5,000
10,000
15,000
20,000
25,000
State Appropriations / FTE Tutition / FTE
Funding / FTE Adj. for Inflation (CPI)
$98,687,176
Tuition & Fee Comparison2011 – 2012
Institution
AAU PublicAAU Public & PrivateSEC Big XIIBig Ten
University of Missouri-Columbia
Average
$10,434$23,706$10,183$10,383$13,555
$8,989
Lowest
$5,656$5,656$5,656$7,108$7,648
Highest
$16,132$45,290$41,332$31,658$41,983
Combined Tuition & Fees
Source: U.S. News Best Colleges 2012
Instruction
Research
Public Service
Academic Support
Student Services
Administration
Plant
Administrative EfficiencyFY 2010*
UM
System
70.9%
29.1%
Public
Doctoral
66.1%
33.9%
Economic Impact
• Salaries/Wages• Employee Benefits• Operating Expense• Total
• MU’s Weekly Payroll• Weekly Gifts
• Building & Construction Spending– Ten Year Average of $138,000,000– Currently over $450,000,000 in progress, planning or design
50%
12%
38%
100%
$16,000,000
$1,000,000
Capital Projects Employment
Average Annual Amount
50% is Labor
$50 / hour Hours
÷ 2080 hours FTE
Jobs
$138,000,000
$69,000,000
1,380,000
663
≈ 650
2012BUDGETUPDATEhttp://mubudget.missouri.edu/
Funding per Resident FTE
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
5,000
10,000
15,000
20,000
25,000
State Appropriations / Res FTERes Tutition / Res FTEFunding / Res FTE Adj. for Inflation (CPI)
$131,963,428