CAMPUS FORUM October 2, 2007 1
Fund Comparison FY2004 FY2005 FY2006
General Fund Income
($ 2.5M) $ 1.9M $ .6M
Balance ($11.9M) ($10.0M) ($9.4M)
Current Fund Income
$ 1.5M $ 3.3M $ 1.2M
Balance $ 10.1M $13.4M $14.6M
FY2007 $ .3M ($9.1M) $1.5M $16.1M 2
CURRENT FUND
FY08 Projection vs Appropriation Scenarios
Original
Projection
Revenue:
Tuition and Fees
State Appropriations
Grants and Contracts
Auxiliary Activities
Miscellaneous Revenue
Total Revenue
$
Expense:
Salaries and Fringe Benefits
Supplies and Equipment
Fellowships/Scholarships
Utilities
Transfers Out
Total Expense
Net Income (Loss)
75,454
50,449
44,505
26,590
14,922
211,920
House
Approp
$
124,519
46,024
27,184
8,730
2,947
209,404
$
2,516
75,454
52,450
44,505
26,590
14,922
213,921
Senate
Approp
$
124,519
46,024
27,184
8,730
2,947
209,404
$
4,517
75,454
48,501
44,505
26,590
14,922
209,972
124,519
46,024
27,184
8,730
2,947
209,404
$
568
3
Note: Current Fund includes General Fund, Designated Fund, Auxiliaries,
FY2008 House Formula •  2.5%
•  2.5%
Across the Board Formula AllocaFon -­‐35% Pell Grant %FYES -­‐15% Federal Research Expenditures -­‐50% Degree CompleFons (STEM) -­‐ NaFve American TuiFon Waiver 4
Strategic Plan Report www.mtu.edu/stratplan Goal 1. People AWract and support world-­‐class and diverse faculty, staff and student populaFon. Goal 2. DisFncFve EducaFon Discovery based technological focus, sustainability, innovaFon. Goal 3. Research / Scholarship / CreaFvity World class, technological focus, economic sustainability. 5
Metric Goals Baseline 2006 2012
Freshman ACT
25.2
26
PhDs Awarded
41
69
Sponsored Program Awards 43.6M 76.6M
Endowment Value
66M 200M
6
Metric:
7
•
•
•
•
•
New Student Profile 2006 2007 ACT Composite ACT Math ACT English High School PercenFle
GPA 25.2
26.3
23.9
74.2
3.50
25.6 26.8 24.2 75.2 3.53 8
Enrollment Headcount FY08 Undergraduate
Graduate
Total
5,838
900
6,738
9
1987-2007 Enrollment
7,200 7,000 6,800 6,600 6,400 Distance Learning Non-­‐Distance Learning 6,200 6,000 5,800 5,600 13, 2006
5,400 September
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Metric: Sponsored Program Awards 50
$49.9
45
$43.6
40
$33.10
35
30
$26.23
$27.06
$28.72
25
20
15
10
5
0
FY02
FY03
FY04
FY05
FY06
FY07
11
Total Awards Goal: $76.6
Percent Increase in Research Expenditures 14
Percent Increase FY04-FY05
12
10
8
6
4
2
0
UM
MSU
University
WSU
MTU
60
0
-20
-40
-60
-80
-100
-120
-140
-160
-180
-200
50
40
30
20
10
0
National Rank
Research Expenditure ($ Millions)
NSF NaFonal Rank Fiscal Year
Expenditures Series1
All-­‐Rank Series2
Public-­‐Rank Series3
13
2005 NSF NaFonal Ranking •  79th among insFtuFons without medical schools •  Now 127th among public insFtuFons •  179th in total research expenditures •  Mechanical Engineering now 23rd •  MathemaFcs Near Top 100 2005 NSF NaFonal Ranking •  Our naFonal ranks: –  Mechanical Eng –  Chemical Eng –  Met and Mat –  Civil
–  Bioengineering/Biomed
–  Environmental Sci
–  Engineering –  Electrical and Comp 23rd 45th 48th 49th 53rd 74th 79th 90th U.S. News & World Report Best Graduate Schools •
•
•
•
Environmental Engineering
Materials Civil Engineering Mechanical Engineering 25 42 49 54 *Other fields are not evaluated 16
Metric: Endowment Value Endowment Balance in Millions Endowment Balance Goal: $200
$78.9
$80.0
$66.0
$70.0
$58.9
$60.0
$50.0
$52.0
$41.1
$40.0
$30.0
$20.0
$10.0
$0.0
FY03
FY04
FY05
FY06
FY07
17
Fundraising 2004
2005 2006
Total $19M $12M $22M
2007 $28M 18
State Operation Appropriations
to Michigan Technological University
FY1965 through FY2007
$60,000
Appropriations (in Thousands)
$50,000
$40,000
$30,000
$20,000
$10,000
*FY 2007 Estimated
Adjusted to FY1984 Dollars
Unadjusted
Adjusted w ith CPI
Adjusted w ith HEPI
20
07
20
05
20
03
20
01
19
99
19
97
19
95
19
93
19
91
19
89
19
87
19
85
19
83
19
81
19
79
19
77
19
75
19
73
19
71
19
69
19
67
19
65
$0
19
Priority Developing Resources to Support AddiFonal Faculty, Students, Staff 20
Endowed Chairs •  Robbins Chairs of Sustainability -­‐ Sustainable Manufacturing & Design -­‐ Sustainable Use of Materials -­‐ Sustainable Management of the Environment •  Anonymous (3) 21
Endowed Professorships •  David L. House, –  Electrical Engineering •  John & Cathi Drake, -­‐ Mechanical Engineering •  William & Gloria Jackson, -­‐ Computer & InformaFon Sciences 22
Metric: PhDs Awarded # of PhDs Goal: 69
70
65
60
50
42
40
38
42
44
41
30
20
10
0
FY02
FY03
FY04
FY05
FY06
FY07
23
Our Future Michigan Tech @ 150 24
The Background 1.  Strategic Plan 2.  Metrics 3.  Summer 2007 Board of Control Retreats 25
How Great Can Michigan Tech Become? 26
Our Choice •  Decline •  Maintain •  Improve •  Transform 27
The Strategic ObjecFve Michigan Tech will be a Premier Technological University in the World 28
Our Brand •  Technological University •  PracFcal, Discovery-­‐Based Learning & Research 29
Our Developing Brand •  Technological University •  PracFcal, Discovery Based Learning and Research •  Develop, Understand, Apply, Manage and Communicate (STEM) •  Sustainability 30
Today, Michigan Tech is …. •  Respected by Those Who Know Us •  But Not Widely Known •  Nuclei of Recognized Excellence •  #124 in U.S. News & World Report •  Top 500 in Shanghai World Rankings 31
RaFonale •  Complex Technological World •  Our Strengths – Societal Needs (STEM) •  Increasing Student Quality, Research Output, Industry ConnecFons •  Increasing Alumni Support We are poised to transform to a premier
technological university
32
Mission We prepare Students to Create the Future 33
Strategic Plan •  Great Faculty, Staff and Students •  DisFncFve Programs •  InnovaFve Research Development and Scholarship 34
FY 2008 Milestones of Success Invest in People •  Hire/appoint outstanding deans, chairs, faculty and staff •  10 AddiFonal faculty posiFons 35
FY2008 Milestones of Success Invest in Our Campus •  Selected physical improvements and projects 36
FY2008 Milestones of Success Increase Resources •
•
Raise $45M in campaign; emphasis endowment Increase sponsored awards to $55M 38
FY2008 Milestones of Success Increase our visibility and external reputaFon 39
White Paper Events 2007-­‐2008 FY2008 Milestones of Success Enrollment •
•
Increase composite ACT scores to 25.8 Graduate 60 Ph.Ds 41
FY2008 Milestones of Success Promote responsible financial stewardship •  Make decisions based on strategic plan •  Retain a AAA bond raFng 42
What Can You Do? Embrace the aqtude – We Can Do It!!! 43
Now, All of Us Must …. Make decisions based on the Strategic Plan AWract and support the best people – faculty, students and staff 44