Chairs Retreat Budget Update FY 2015 Operating Fund Targeted Tuition amp Student Fees Federal Appropriations Targeted State Appropriations Grants amp Contracts Gifts ID: 798572
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Slide1
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http://mubudget.missouri.edu/
Chairs Retreat
Budget
Update
FY
2015
Slide2Operating Fund Targeted Tuition & Student Fees Federal Appropriations Targeted State Appropriations Grants & Contracts
Gifts, Endowment & Investment Income Enterprise Operations
Total Revenue
$
574M 108M 17M 37M 163M 73M 1,198M $2,170M
26.4%5.0%0.8%1.7%7.5%3.4%55.2%100%
Fiscal Year 2015
Funding Sources
Slide3“Enterprise” Operations
Hospitals & Clinics
University PhysiciansAthletics
University StoresResidential LifeCampus DiningVeterinary Medicine
Research Reactor
Agriculture
ParkingKOMUOffice of Research/Patent & RoyaltyOther$739M162M56M53M47M30M15M
14M9M8M7M4M 54M$1,198M61.7%13.5%4.7%4.5%3.9%
2.5%1.2%1.2%
0.8%
0.6%
0.6%
0.3%
4.5%
100%
Slide4General Operating Sources
Total: $574M
Operating Fund
State Appropriations $182M
Tuition $355M
Indirect Cost $37M
Slide5Salaries and Wages Benefits Operating Expenses Total Expenses
61%
18%
21%
100%Fiscal Year 2015Operating Fund Expenses
Slide627%
70%
3 %
Change in General Operating Funding Sources
TUITION
STATE SUPPORT
Slide7Tuition & Fee Comparison
2013 – 2014
Institution
AAU PublicAAU Public & PrivateSEC
Big Ten
Big XII
University of Missouri-Columbia Average $11,383 $25,385 $11,296 $14,565 $13,895$9,415
Lowest $6,263 $6,263 $6,263 $8,061 $6,456
Highest
$17,100
$49,138
$42,978
$45,527
$36,590
Combined Tuition & Fees
Source: U.S. News Best Colleges 2012
Slide8Strategic Operating Plan
Five year plan 2014 to 2018
Drives how new state funds will be allocated
Identifies our priorities as a campus
All significant resource decisions will be related to the plan
Slide9Strategic Operating Plan
Strengthen interdisciplinary and experiential learning for Mizzou’s undergraduate, graduate, and professional studentsRecruit, develop, and retain faculty and staff in order to promote MU’s strategic goals
Grow MU’s high-impact research and creative activity by enhancing campus infrastructure and other resourcesEnsure that MU’s revenue model allows for strategic investments and leverages MU’s strengths to drive state and regional economic
development
Slide10Strategic Plan Report
Slide11Status: FY14 planned expenditures = $55M
FY14 actual expenditures = $67M
Next: Measure results against goals
Communicate results Adjust FY15 plan based on results
Strategic Plan Update
11
Slide12Current year (FY14) Adjustments
Discontinued NTT research hiring (2.1.2)Began integration of Mizzou Advantage with SOP
Strategic Plan Adjustments
12
Slide13Done through a substantial adjustment to scholarship policies for AY15 admissions.
Current projections of measured results:Increase in high ability students Current estimate is a 25% increase in 30+ ACT students/slightly more than 200 studentsPositive impact on overall enrollment
$5.5M increase in scholarship expenditures
Lever 1.3 Recruit and Retain Best Students
13
Slide1420 New “Signature” Faculty will be hired over the next 4 years
Medicine – 5Health Sciences – 2Physical Sciences – 4Life Sciences
(Plant) – 4Engineering – 4
Journalism (New Media) – 1 Lever 2.1 Future Faculty Hiring
14
Slide15Faculty hiring—Deeper Topical Dive
Medical & Health SciencesEpigenetics (1)Microbiome (1) Health Outcomes-Medical Informatics (1)Neuroscience-Brain Imaging-Rehab (1)Psychology-Addiction (1)
Physical SciencesChemistryInorganic (1)Theoretical (1)
Plant-Life SciencesPlants Stress (2)4 joint-hires with the Danforth Plant Sciences Center (2)
Big Data
Computational Methods (1)Bio-informatics (1)
Social Science (Demography?) (1)Geography/Geospatial (1)Journalism/New Media (1)EngineeringEldercare (1)Nuclear Hardened Materials (1)Nanotechnology (1)Biomedical (1)15
Slide16Internal reallocation for merit increases
Same expectation as last year that departments self fund these increasesWe anticipate achieving about the same level of increases as last yearOther actionsM
erit increases for high-performing facultyFaculty promotion increases will be provided centrally by the campus
Lever 2.3 Faculty and Staff Compensation16