college update fall 2013 sarah a. rajala dean james & katherine melsa professor of engineering
TRANSCRIPT
College UpdateFall 2013
Sarah A. RajalaDean
James & Katherine Melsa Professor of Engineering
• ISU’s Resource Management Model is an incentive-based budgeting system that links resources and responsibilities in the academic colleges.
• Engineering's day-to-day operations are funded by tuition, state appropriations, fees, and indirect cost recovery from research. • Salaries and benefits for faculty and staff • Utilities, facilities and maintenance • Equipment• Supplies and services
• Research projects are primarily supported by external grants and contracts.
• Private gifts create a margin of excellence in our student, faculty, facility and academic programs.
Engineering Finances at a Glance
• The college balanced an $86M general fund revenue and expense budget. This is $11M larger than last year, including $4M that is available for direct costs.
• Tuition revenues have been increased by $9M. • State appropriations have increased by $2M. • Indirect cost recovery is expected to decrease by $400,000. • The administrative overhead charge on service accounts has been
eliminated.
• New financial investments have been funded with a combination of new revenues and reallocations.
FY2014 Budget Highlights
• Overall, the CoE's eight academic departments’ general fund budgets have increased by $5M.
• New, flexible summer tuition, differential tuition, and technology fee revenues have been allocated to departments based on their enrollments and student credit hours taught.
• 17 new faculty searches have been authorized.
• A 2.5% raise pool was provided to fund the institutional policy and improve salary competitiveness relative to our peers.
FY2014 Budget Highlights
Undergraduate Tuition - $43 Million
Graduate Tuition - $10 Million
Indirect Cost Recovery - $3 Million
State Appropriations - $30 Million
50%35%
11%4%
CoE’s FY2014 General Fund Revenue Budget$86 Million
Undergraduate Tuition - $43 Million
Graduate Tuition - $10 Million
Indirect Cost Recovery - $3 Million
State Appropriations - $30 Million
Research - $88 Million
Student Fees - $4 Million
Private - $4 Million
48%
24%
17%
5%
2%
2% 2%
CoE’s FY2014 Comprehensive Budget$182 Million
FY2010 FY2011 FY2012 FY2013 FY2014
Academic Department - Millions ($) Administration and Service Units - Millions ($)
Engineering’s Budgets forAcademic Departments and Administration
$32.6
$15.4
$35.5$39.1
$44.0$48.6
$15.5$12.4 $11.4 $10.9
CoE Highlights
• Record-setting enrollment of undergraduates continue
• 16 new faculty were hired this year, and 17 searches are underway
• College’s key performance indicators have been updated
• Construction of the $74 million ABE complex underway – completion planned for June 1, 2014
• Renovation of Marston Hall approved, plans being completed, and construction to begin in July 2014
• Successful ABET visit – Thank you to one and all!
FY2008 FY2009 FY2010 FY2011 FY2012
$67.5 $70.6 $74.4 $78.5$83.9
Engineering Research Expenditures
Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013*
50305448
59356495
7000
Engineering Undergraduate Enrollment
*Estimated
Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013*
9961069
997 1013 1000
Engineering Graduate Enrollment
*Estimated
Undergraduate
IA Resident - 3367
US Non-resident - 2366
International - 762
Graduate
IA Resident - 266
US Non-resident - 222
International - 525
52%26%
22%36% 52%
12%
Engineering Student Residency
FY2010 FY2011 FY2012 FY2013 FY2014 *GOAL
$22.0*$23.2$20.9
$9.0
$21.0
Engineering Private PhilanthropyMillions ($)
Goals for 2013 - 2014
• Continue to deliver a high quality education to our students• Increase the number of faculty by 17• Develop a new model for Engineering Online to encourage
growth, new pedagogical development and sustainability• Develop a new plan for renovation and expansion of CoE
space• Increase the number of graduate students who have been
enrolled or accepted admission by 5%• Expand research portfolio and increase expenditures by
7.5%• Raise $22M in new private gifts
Engineering Facilities Update