CAMPUS FORUM February 21, 2011 1 www.michigan.gov 2 Source: 2011 ci9zen’s Guide to Michigan’s Financial Health 3 Source: 2011 Ci9zen’s Guide to Michigan’s Financial Health 4 Total State Budget Gap (per Governor’s Budget Recommenda9on) -­‐ $1.4B Revenue-­‐Expenses -­‐ $1.9B Change in Michigan Business Tax -­‐ $3.3B 5 Source: 2011 Ci9zen’s Guide to Michigan’s Financial Health 6 Governor’s Proposed 2012 Budget •  22% Decrease in Higher Educa9on Funding •  Opportunity for Addi9onal Funds Linked to Tui9on Restraint 7 Governor’s Proposed 2012 Budget Michigan Tech: -­‐$10.5M (out of $47.9M) +$3.3M if Tui9on Increase ≤7% $7.2M Net Reduc9on 8 State Operation Appropriations
to Michigan Technological University
FY1965 through FY2012
$60,000
Appropriations (in Thousands)
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Adjusted to FY1984 Dollars
Unadjusted
Adjusted with CPI
Adjusted with HEPI
9 Formula Funding (Proposed for FY2013) “The formula will encourage universi9es to graduate a highly educated workforce in a 9mely manner and conduct research that contributes to the overall economic strategy for Michigan.” Fiscal Years 2012 and 2013 Execu9ve Budget Recommenda9on 10 PotenIal Performance Measures •  Number of degrees awarded •  Second year reten9on rate •  Gradua9on rate (6 year) 11 Michigan Tech 5-­‐Year Budget Development 2012-­‐2017 •  Support the Core Mission: “ins9ll the knowledge and confidence that graduates need to be top ranked in the degrees we offer” 12 Budget Development Guiding Principles •
•
•
•
•
Balanced Budget Tui9on Restraint Strategic Hiring Strategic Realignment/Investment Timing 13 Specifically …. No Furloughs No University-­‐Wide Salary Reduc9on No University-­‐Wide Hiring Freeze Tui9on Increase < 7% Strategic Budget Reduc9ons in Low Single Digits, not across-­‐the-­‐board •  Strategic Consolida9on of Posi9ons and Realignment of Responsibili9es through Ajri9on •
•
•
•
•
14 •  Financial Data Group (3D’s) has met with Deans and Most Directors •  Review with Board of Control •  Review with Senate Leadership •  Carry Forward/Con9ngency Policy in Place •  Increase Philanthropic Support •  Restructure Billing of Mandatory Fees? •  Examine Credit Card Policy? •  Ideas? 15 In Other Words …. •  No Knee Jerk Reac9ons •  Follow Our Strategic Plan 16 Strategic Plan •  Approved by Board of Control on July 16, 2009 ! Major Goals Remain Same " People " Dis9nc9ve Educa9on " Research/Scholarship/Crea9vity •  hjp://www.mtu.edu/stratplan/ 17 Fall Enrollment 1965-­‐2010 9,000 8,000 7,000 6,000 5,000 Distance Learning On Campus 4,000 3,000 2,000 1,000 -­‐ 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 18 Graduate Enrollment 1991-­‐2010 1400 1,256 1200 1000 800 670 600 566 400 200 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 19 1,000 1,736 2010 28% 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1,800 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1,800 1978 1977 1,600 1976 Female Enrollment 1976-­‐2010 2,000 35% 1,900 1,809 1,700 1,523 1,406 1,400 1,300 30% 26% 25% 23% 22% 20% 1,500 1,439 15% 10% 1,200 5% 1,100 0% Michigan Technological University Tenured/Tenure Track Faculty by Gender 2006-­‐07 through 2010-­‐11 2006-­‐07 2007-­‐08 2008-­‐09 2009-­‐10 2010-­‐11 Male Female 235 239 241 244 253 65 71 71 85 89 Total 300 310 312 329 342 Percent Female 21.7 22.9 22.8 25.8 26.0 Note: Figures include all tenured and tenure track instruc9onal and research faculty. Also includes those faculty on sabba9cal or on unpaid leave of absence. Deans, associate deans, department chairs, execu9ves and professional staff with tenure are excluded.
21 Research Expenditures (in millions) 22 Current Fund FY11
(in thousands)
Original
Projection
2nd Qtr
Projection
Revenue
245,429
245,444
Expense
(245,218)
(246,115)
Net Income
Current Fund Balance
211
15,524
(671)
14,642
Note: Current Fund includes General Fund, Designated Fund, Auxiliaries,
Retirement and Insurance, and the Expendable Restricted Funds.
23 MICHIGAN TECHNOLOGICAL UNIVERSITY
Generations of Discovery
Campaign Progress Summary
as of January 31, 2011
Alumni & Friends
Corpora9ons Private Founda9ons
Gips-­‐in-­‐Kind Grand Total
$ 95,167,255 37,504,073 2,349,198 5,012,559 $140,033,086 24 Impact of Gi_s •  $8M in Scholarships/Fellowships •  Increase from 3 to 16 Named Professorships and Chairs •  Gips Used to: –  Remodel Physics Labs –  Remodel 5th Floor of EERC –  Seaman Museum –  Career Center Remodel in Administra9on Building –  Graduate School Conference Room –  Equip New KRC Building –  Many Student Enterprise & Senior Design Projects 25 QuesIons 26