Budget Overvew slides - MU Budget Office

Report
Budget Allocation Advisory Council
Budget Overview
FY 2015
http://mubudget.missouri.edu/
1
Funding Sources
Fiscal Year 2015
Operating 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
26.4%
5.0%
0.8%
1.7%
7.5%
3.4%
55.2%
$2,170M
100%
“Enterprise” Operations
Hospitals & Clinics
University Physicians
Athletics
University Stores
Residential Life
Campus Dining
Veterinary Medicine
Research Reactor
Agriculture
Parking
KOMU
Office of Research/Patent & Royalty
Other
$739M
162M
56M
53M
47M
30M
15M
14M
9M
8M
7M
4M
54M
61.7%
13.5%
4.7%
4.5%
3.9%
2.5%
1.2%
1.2%
0.8%
0.6%
0.6%
0.3%
4.5%
$1,198M
100%
General Operating Sources
Total: $574M
Operating Fund
• State Appropriations
$182M
• Tuition
$355M
• Indirect Cost
$37M
Operating Fund Expenses
Fiscal Year 2015
Salaries and Wages
Benefits
Operating Expenses
Total Expenses
61%
18%
21%
100%
Change in General Operating Funding Sources
100%
90%
27%
80%
TUITION
70%
62%
60%
50%
70%
40%
30%
STATE SUPPORT
32%
20%
10%
3%
0%
INDIRECT COST
6%
Tuition & Fee Comparison
2014 – 2015
Institution
AAU Public
AAU Public & Private
SEC
Big Ten
Big XII
Combined Tuition & Fees
Lowest
Highest
Average
$6,313
$17,772
$11,465
$6,313
$51,008
$26,510
$6,313
$43,838
$11,737
$8,070
$47,251
$14,345
$6,960
$38,723
$14,678
University of Missouri-Columbia
Source: Association of American Universities Data Exchange (AAUDE)
Annual Academic Year Tuition and Required Fees 2014-15 Composite Report
$9,433
Strategic 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
Strategic Operating Plan
1. Strengthen interdisciplinary and experiential learning
for Mizzou’s undergraduate, graduate, and
professional students
2. Recruit, develop, and retain faculty and staff in order
to promote MU’s strategic goals
3. Grow MU’s high-impact research and creative activity
by enhancing campus infrastructure and other
resources
4. Ensure that MU’s revenue model allows for strategic
investments and leverages MU’s strengths to drive
state and regional economic development
Strategic Plan Report
Strategic Plan Update
Status:
Next:
FY14 planned expenditures
= $55M
FY14 actual expenditures
= $67M
Measure results against goals
Communicate results
Adjust FY15 plan based on results
11
Strategic Plan Adjustments
Current year (FY14) Adjustments
• Discontinued NTT research hiring (2.1.2)
• Began integration of Mizzou Advantage with
SOP
12
Lever 1.3 Recruit and Retain Best Students
Done 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 students
• Positive impact on overall enrollment
• $5.5M increase in scholarship expenditures
13
Lever 2.1 Future Faculty Hiring
20 New “Signature” Faculty will be hired over
the next 4 years
• Medicine – 5
• Health Sciences – 2
• Physical Sciences – 4
• Life Sciences (Plant) – 4
• Engineering – 4
• Journalism (New Media) – 1
14
Faculty hiring—Deeper Topical Dive
• Medical & Health Sciences
– Epigenetics (1)
– Microbiome (1)
– Health Outcomes-Medical
Informatics (1)
– Neuroscience-Brain ImagingRehab (1)
– Psychology-Addiction (1)
• Physical Sciences
– Chemistry
• Inorganic (1)
• Theoretical (1)
• Plant-Life Sciences
– Plants 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)
Engineering
Eldercare (1)
Nuclear Hardened Materials (1)
Nanotechnology (1)
Biomedical (1)
15
Lever 2.3 Faculty and Staff Compensation
Internal reallocation for merit increases
• Same expectation as last year that
departments self fund these increases
• We anticipate achieving about the same level
of increases as last year
Other actions
• Merit increases for high-performing faculty
• Faculty promotion increases will be provided
centrally by the campus
16

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