2012
BUDGET
http://mubudget.missouri.edu/
Funding Sources
Fiscal Year 2012
Tuition
Supplemental Fees
Mizzou Online & Cont. Education
Other Student Fees
Federal Appropriations
State Appropriations
Grants & Contracts
Recovery of Indirect Costs
Gifts, Endowments & Investment Income
“Enterprise” Operations*
$308,438,776
16,967,979
20,509,461
38,068,343
16,572,476
202,918,910
227,142,000
36,500,000
65,819,575
1,094,832,199
15.2%
0.8%
1.0%
1.9%
0.8%
10.0%
11.2%
1.8%
3.2%
54.0%
Total Revenue
2,027,769,719
100%
*See the following slide for detail
“Enterprise” Operations
Hospitals & Clinics
University Physicians
University Stores
Residential Life
Athletics
Campus Dining
Research Reactor
Agriculture
Parking
KOMU
Office of Research/Patent & Royalty
Other
$666,992,680
152,820,993
56,679,302
42,042,298
43,052,163
26,758,098
10,807,480
9,976,868
7,865,000
7,428,622
3,146,901
34,259,269
60.9%
14.0%
5.2%
3.8%
3.9%
2.4%
1.0%
0.9%
0.7%
0.7%
0.3%
6.1%
$1,094,832,199
100%
Funding Sources
Total: $2 B
Designated
5%
Restricted
16%
General
Operating
25%
"Enterprise"
Operations
54%
“Enterprise” Operations - $1,094M
• Hospitals and Clinics
• University Physicians
• Athletics
• Bookstore
• Housing and Dining Services
Restricted - $322M
• Restricted appropriations
• Grant and contracts
• Gifts
• Endowment distributions
Internally Designated - $101M
• Mizzou Online
• ITF, Health & Activity fees
• College Course fees
General Operating - $510M
• Tuition
• State support
• Grant & contract indirect costs
General Operating Sources
Total: $510M
General Operations
• Core budget for on-campus teaching and support services
State Appropriations
$166M
Tuition
$308M
Indirect Cost
$37M
State Appropriations Changes
FY11-FY13
Amount
$ Change Cumulative Cumulative
(in Millions) (in Millions) $ Change % Change
FY11 Final Budget
$179.4
FY12 Approved
$169.0
-$10.4
-$10.4
-5.8%
FY12 Governor’s Initial Higher Ed Withholding
$166.7
-$2.3
-$12.7
-7.1%
FY12 Governor’s Additional Withholding to UM
$164.8
-$1.9
-$14.6
-8.1%
FY12 UM System Absorbed ½ of Addt’l Withholding
$165.7
$0.9
-$13.7
-7.6%
FY13 Projected Budget
$166.7
-$1.0
-$12.7
-7.1%
Money Tree
Hospital, KOMU, Athletics, Bookstore
Rec. Ctr., ITF, Student Health
Gifts & Grants
Federal Appropriations
General Operating
State Support
Tuition
Change in General Operating Funding Sources
100%
90%
27%
80%
TUITION
70%
60%
60%
50%
70%
40%
STATE SUPPORT
30%
33%
20%
10%
3%
0%
INDIRECT COST
7%
State Support Falls Short of Inflation
2001-2011
Actual Received
Inflation Adjusted
Inflated + Enrollment
$ Millions
350
325
300
275
250
225
200
175
150
125
100
75
50
25
0
2001
$332M
$247M
$179M
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
State Support to Higher Education
FY 2011 National Comparison*
Appropriation per Capita Ranking
24
7
26
18
16
45
15
21
12
*Information obtained from the Grapevine Report published by Illinois State University
State Support to Higher Education
FY 2011 Appropriation per Capita Ranking*
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
Michigan
Ohio
Pennsylvania
Rhode Island
Missouri
Oregon
Arizona
Colorado
Vermont
New Hampshire
*Information obtained from the Grapevine Report published by Illinois State University
State Support to Higher Education
FY 2011 Appropriation per Capita Ranking*
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Wyoming
Alaska
North Dakota
North Carolina
New Mexico
Hawaii
Nebraska
Mississippi
Louisiana
Alabama
*Information obtained from the Grapevine Report published by Illinois State University
Balancing Budget
With Declining State Support
• $18M Non-Salary Reduction
• Hiring Freeze
• $5.5M Cut in Unit Budgets (FY11)
• Tuition Increase
• Enrollment
– Non-Resident Student Recruitment
– International Student Recruitment
– Retention Strategies
– Financial Aid Strategies
Tuition & Fee Comparison
2010 – 2011
Institution
Combined Tuition & Fees
Highest
Lowest Average
AAU Public
AAU Public & Private
Big XII
Big Ten
$15,250
$43,814
$29,824
$40,223
$5,044
$5,044
$6,779
$7,417
$9,683
$22,449
$9,674
$13,463
University of Missouri-Columbia
$8,501
University of Missouri-Columbia (FY12 increase of 5.8%)
$8,994
Source: AAUDE Annual Academic Year Tuition and Required Fees 2010-11 Composite Report
Financial Aid
FY 2010
Institutional Sources
Federal Sources
State of MO Sources
Other Outside Sources
Total Aid
Student Employment at MU
$93,000,000
27,000,000
12,000,000
10,000,000
$142,000,000
$51,000,000
Federal Loans
Alternative Loans
Total Loans
179,000,000
9,000,000
$188,000,000
Grand Total
$381,000,000
Mizzou Online
• 100 Years of Distance Education Programs
• 8,000 Students Served Annually
• 80% from Missouri
• Degree & Certificate Options (57)
– 2nd in the Big XII
– More than any Big Ten school
• 554 Courses Offered
• $17M in Fee Revenue
Intercollegiate Athletics
Academic Performance
• 2.98 overall student-athlete GPA. (Record Performance)
• 11 sports above a 3.00 team GPA.
• 253 (54%) student-athletes received a 3.00 or higher GPA.
(Record Performance)
• MU achieved a 2010 Graduation Success Rate of 80%.
(Record Performance)
• MU finished second in the conference with 6 sport teams
leading the Big 12 conference in APR and 10 of 20 sport
programs finished in the top three in the conference in their
respective sport.
ICA Self-Sufficiency
Division I Comparison
•
No subsidies at:
–
–
–
–
–
–
–
Texas
Texas A&M
OU
Ohio St.
Michigan
Purdue
Nebraska
•
MU tied for 16th lowest out of 220 (4%)
•
MU at 4% with Alabama, Georgia, Florida, Michigan St.
Source: “Athletics Subsidies at Division I Schools.” USA Today. 23 June. 2011. <http://www.usatoday.com/sports/college/2011-06-23-2011athletic-department-subsidy-table_n.htm>
ICA Self-Sufficiency
Division I Comparison
• Select Others
–
MU
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
Illinois
KU
Wisconsin
Texas Tech
Minnesota
Tennessee
N. Carolina
Colorado
Cal
Wash St.
Maryland
Mo State
Rutgers
UNLV
SEMO
UMKC
4%
$2.7M
5%
5%
6%
10%
10%
12%
12%
15%
17%
24%
25%
39%
42%
60%
75%
78%
$4.0M
$3.6M
$5.5M
$5.9M
$8.0M
$13.5M
$8.8M
$7.3M
$12.1M
$9.3M
$13.7M
$5.6M
$26.9M
$34.1M
$6.6M
$8.6M
Source: “Athletics Subsidies at Division I Schools.” USA Today. 23 June. 2011. <http://www.usatoday.com/sports/college/2011-06-23-2011athletic-department-subsidy-table_n.htm>
Economic Impact
• Federal Funds
• Nonresident Tuition
• Total
$370,000,000
110,000,000
$480,000,000
(Plus: Gifts, Endowments, Foundation/Industry Grants, Clinical Trials)
• MU’s Weekly Payroll
$16,000,000
• Construction Spending
– Ten Year Average of $100,000,000
– Currently over $400,000,000 in progress, planning or design
• Faculty are “small businesses”
2012
BUDGET
http://mubudget.missouri.edu/