College UpdateFall 2013Sarah A. RajalaDeanJames & 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 - 3367US Non-resident - 2366International - 762

Graduate

IA Resident - 266US Non-resident - 222International - 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