agenda item # 1 8/19/2009 2budget, finance & audit committee
TRANSCRIPT
Agenda Item # 1
8/19/2009 2Budget, Finance & Audit Committee
Approval of Annual Operating Budget
8/19/2009 3Budget, Finance & Audit Committee
FY 2010 Total Operating Budget
8/19/2009 4Budget, Finance & Audit Committee
Revenue Sources FY 2009 FY 2010 $ Change % Change
State Appropriations $ 791,755,527 $ 753,773,815 $ (37,981,712) -4.8%
ARRA - 53,542,030 53,542,030 N/A
Self-Generated Funds & 2,217,877,225 2,338,310,499 120,433,274 5.4%
Non-IHL Funds (MCVS & MS Press) Self-Generated
9,165,564 31,218,309 22,052,745 240.6%
Total Revenue Budget $ 3,018,798,316 $3,176,844,653 $ 158,046,337 5.2%
FY 2010 E&G Operating Budget
Revenue Sources FY 2009 FY 2010 $ Change % Change
State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801) -8.2%
ARRA - 31,450,554 31,450,554 N/A
Self-Generated Funds 465,800,604 469,256,780 3,456,176 0.7%
Total Revenue Budget
$ 861,320,461 $ 863,685,390 $ 2,364,929 0.3%
8/19/2009 5Budget, Finance & Audit Committee
FY 2010 E&G BudgetBy Revenue Source
Revenue Sources FY 2009 FY 2010 $ Change % Change
State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801) -8.2%
ARRA - 31,450,554 31,450,554 N/A
Tuition 401,923,581 415,149,304 13,225,723 3.3%
Unrestricted Grants & Contracts & Federal Appropriations
14,462,257 14,475,314 13,057 0.1%
Sales & Services 10,094,709 10,202,269 107,560 1.1%
Other 39,320,057 29,429,893 (9,890,164) -25.2%
Total Revenue Budget $ 861,320,461 $ 863,685,390 $ 2,364,929 0.3%
Note: Includes $2 million in Board Initiatives
8/19/2009
6
Budget, Finance & Audit Committee
FY 2010 E&G BudgetBy Function
Function FY 2009 FY 2010 $ Change % Change
Instruction $ 381,288,832 $ 385,353,748 $ 4,064,916 1.1%
Internal Research 21,919,049 21,941,086 22,037 0.1%
Public Service 5,294,658 4,756,972 (537,686) -10.2%
Academic Support 89,256,724 88,369,831 (886,893) -1.0%
Student Services 62,478,746 57,173,037 (5,305,709) -8.5%
Institutional Support 108,577,904 107,112,895 (1,465,009) -1.3%
Operation & Maintenance 104,161,724 106,964,905 2,803,181 2.7%
Scholarships 79,759,587 83,165,581 3,405,994 4.3%
Transfers 6,583,236 5,847,335 (735,901) -11.2%
Increases in Fund Balance - 1,000,000 1,000,000 N/A
Total $ 859,320,460 $ 861,685,390 $ 2,364,930 0.3%
Note: Does not include $2 million in Board Initiatives
8/19/2009
7
Budget, Finance & Audit Committee
FY 2010 E&G Budget
by Expense CategoryExpense Category FY 2009 FY 2010 $ Change % Change
Salaries $ 407,010,596 $ 409,684,223 $ 2,673,627 0.7%
Wages 39,808,696 39,152,834 (655,862) -1.6%
Fringes 145,633,733 156,017,293 10,383,560 7.1%
Travel 10,048,401 8,320,022 (1,728,379) -17.2%
Contractual Services 198,083,442 192,122,374 (5,961,068) -3.0%
Commodities 21,933,587 21,044,950 (888,637) -4.1%
Capital Outlay - non Equipment
9,315,859 8,832,625 (483,234) -5.2%
Capital Outlay - Equipment 10,056,990 8,681,685 (1,375,305) -13.7%
Transfers 17,429,156 16,829,384 (599,772) -3.4%
Increases in Fund Balance - 1,000,000 1,000,000 N/A
Total $ 859,320,460 $ 861,685,390 $ 2,364,930 0.3%
Note: Does not include $2 million in Board Initiatives
8/19/2009
8
Budget, Finance & Audit Committee
FY 2010 University of Mississippi Medical Center Budget
Revenue Sources FY 2009 FY 2010 $ Change % Change
State Appropriations $ 229,936,572 $ 221,428,365 $ (8,508,207) -3.7%
ARRA - 20,411,172 20,411,172 N/A
Self-Generated Funds 766,845,959 854,275,156 87,429,197 11.4%
Total Revenue Budget $ 996,782,531 $1,096,114,693 $ 99,332,162 10.0%
8/19/2009 9Budget, Finance & Audit Committee
FY 2010 Agriculture Budget
FY 2009 ASU -
Ag
MSU - MAFES
MSU - Coop Ext
MSU - Forest & Wildlife
MSU - Vet
SchoolState Appropriations $ 4,779,607 $ 23,716,974 $ 29,410,885 $ 6,128,754 $ 17,173,262
ARRA - - - - -
Self-Generated - 5,779,670 14,250,514 885,650 11,765,800
Total Budget $ 4,779,607 $ 29,496,644 $ 43,661,399 $ 7,014,404 $ 28,939,062
FY 2010 ASU -
Ag
MSU - MAFES
MSU - Coop Ext
MSU - Forest & Wildlife
MSU - Vet
SchoolState Appropriations $ 5,607,118 $ 23,740,111 $ 29,454,127 $ 6,135,116 $ 15,519,244
ARRA - - - - 1,680,304
Self-Generated - 6,411,854 14,272,453 885,650 12,565,800
Total Budget $ 5,607,118 $ 30,151,965 $ 43,726,580 $ 7,020,766 $ 29,765,348
Change ASU -
Ag
MSU - MAFES
MSU - Coop Ext
MSU - Forest & Wildlife
MSU - Vet
SchoolState Appropriations $ 827,511 $ 23,137 $ 43,242 $ 6,362 $ (1,654,018)
ARRA - - - - 1,680,304
Self-Generated - 632,184 21,939 - 800,000
Total Budget $ 827,511 $ 655,321 $ 65,181 $ 6,362 $ 826,286
8/19/2009 10Budget, Finance & Audit Committee
FY 2010 Institutes & Centers Budget
8/19/2009 11Budget, Finance & Audit Committee
Institutes and Centers FY 2009 FY 2010 $ Change % Change
Jackson State University $ 535,659 $ 536,212 $ 553 0.1%
Mississippi State University 7,427,382 7,434,561 7,179 0.1%
University of Mississippi 7,205,986 7,213,850 7,864 0.1%
University of Southern Mississippi 7,024,078 6,992,956 (31,122) -0.4%
Executive Office 9,459,109 10,242,289 783,180 8.3%
Board Initiatives 2,000,000 2,050,000 50,000 2.5%
Total Institutes & Centers $ 33,652,214 $ 34,469,868 $ 817,654 2.4%
Special Funds
SF - MSU 1,453,422 1,454,761 1,339 0.1%
SF - UM 1,581,976 1,582,832 856 0.1%
Total Special Funds $ 3,035,398 $ 3,037,593 $ 2,195 0.1%
Total $ 36,687,612 $ 37,507,461 $ 819,849 2.2%
FY 2010 STATE Student Financial Aid
Budget
Revenue Sources FY 2009 FY 2010 $ Change % Change
State Appropriations $ 30,377,373 $ 31,871,113 $ 1,493,740 4.9%
Self-Generated Funds 253,778 345,743 91,965 36.2%
Total Revenue Budget $ 30,631,151 $ 32,216,856 $ 1,585,705 5.2%
8/19/2009 12Budget, Finance & Audit Committee
FY 2010 Auxiliary Budget
Expense Category
Expense Category FY 2009 FY 2010 $ Change % Change
Salaries $ 34,311,389 $ 35,620,251 $ 1,308,862 3.8%
Wages 13,381,902 13,249,972 (131,930) -1.0%
Fringes 13,333,138 13,602,791 269,653 2.0%
Travel 6,073,065 5,931,312 (141,753) -2.3%
Contractual Services 63,783,216 63,599,659 (183,557) -0.3%
Commodities 36,541,600 36,310,516 (231,084) -0.6%
Capital Outlay - non Equipment
205,000 106,700 (98,300) -48.0%
Capital Outlay - Equipment 2,845,105 2,160,220 (684,885) -24.1%
Transfers 29,181,245 35,617,245 6,436,000 22.1%
Increases in Fund Balance - - - N/A
Total $ 199,655,660 $ 206,198,666 $ 6,543,006 3.3%
NOTE: MSU Athletics are not included8/19/2009
13
Budget, Finance & Audit Committee
FY 2010Restricted Budgets
Restricted Funds FY 2009 FY 2010 $ Change % Change
ASU $ 27,668,320 $ 26,722,395 $ (945,925) -3.4%
DSU 12,778,577 14,189,559 1,410,982 11.0%
JSU 60,302,241 69,940,581 9,638,340 16.0%
MSU 317,918,266 309,612,688 (8,305,578) -2.6%
MUW 12,272,113 14,033,902 1,761,789 14.4%
MVSU 21,578,880 21,887,021 308,141 1.4%
UM 161,294,498 157,860,309 (3,434,189) -2.1%
USM 133,635,653 150,335,644 16,699,991 12.5%
Ayers 25,700,000 25,950,000 250,000 1.0%
Total $ 773,148,548 $ 790,532,099 $ 17,383,551 2.2%
8/19/2009 14Budget, Finance & Audit Committee
FY 2010 Scholarship Budget
8/19/200915
Budget, Finance & Audit Committee
Revenue Sources FY 2009 FY 2010 ChangeInstitutions # $ # $ # $
ASU 857 $ 5,109,437 1,082 $ 5,386,003 225 $ 276,566
DSU 1,400 3,526,380 1,400 3,488,880 -
(37,500)
JSU 1,995 8,833,413 1,995 8,833,413 -
-
MSU 4,815 23,000,617 4,815 25,277,990 -
2,277,373
MUW 1,075 2,842,140 1,098 2,918,368 23 76,228
MVSU 685 3,305,690 685 3,479,938 -
174,248
UM 8,508 15,237,890 8,550 15,319,890 42 82,000
USM 4,770 14,939,376 4,900 15,259,723 130 320,347
UMMC 42 126,034 46 165,328 4 39,294
Unallocated # 2,838,610 # 3,036,048 # 197,438
Total Revenue Budget 24,147 $ 79,759,587 24,571 $ 83,165,581 424 $ 3,405,994
FY 2010 Athletic Budget
Athletics FY 2009 FY 2010 $ Change % Change
ASU $ 4,486,718 $ 5,321,742 $ 835,024 18.6%
DSU 2,780,684 2,817,129 36,445 1.3%
JSU 6,551,000 6,580,000 29,000 0.4%
MSU 31,800,466 35,922,412 4,121,946 13.0%
MUW N/A N/A N/A N/A
MVSU 3,083,007 3,169,656 86,649 2.8%
UM 38,170,785 40,129,182 1,958,397 5.1%
USM 19,085,801 19,300,548 214,747 1.1%
Total $ 105,958,461 $ 113,240,669 $ 7,282,208 6.9%
8/19/2009 16Budget, Finance & Audit Committee
FY 2010 Ayers BudgetAlcorn State University
ASU FY 2009 FY 2010 $ Change % Change
Masters of Business Administration
$ 1,579,308 $ 1,572,051 $ (7,257) -0.5%
Image Building & Recruitment 133,291 347,226 213,935 160.5%Science, Math, Chemistry & Pre-Prof Programs
701,615 414,177 (287,438) -41.0%
Masters of Biotechnology 56,213 299,458 243,245 432.7%Computer Networking & Science 461,266 388,530 (72,736) -15.8%
Nursing 392,128 392,353 225 0.1%Family Clinic Program 128,531 131,559 3,028 2.4%Teacher Education 636,359 617,559 (18,800) -3.0%
Ayers Library 88,250 103,700 15,450 17.5%Ayers Technology 173,039 83,387 (89,652) -51.8%
$ 4,350,000 $ 4,350,000 $ - 0.0%
Ayers Endowment Interest $ 354,806 $ 354,806 $ - 0.0%
8/19/200917
Budget, Finance & Audit Committee
FY 2010 Ayers BudgetJackson State University
JSU FY 2009 FY 2010 $ Change % ChangeUrban & Regional Planning $ 701,299 $ 692,262 $ (9,037) -1.3%
Business Ph.D. 839,398 839,402 4 0.0%Social Work 750,522 750,512 (10) 0.0%
Health Policy & Management 580,788 580,789 1 0.0%Communicative Disorders 675,641 619,146 (56,495) -8.4%
Behavioral & Environmental Health 506,029 501,030 (4,999) -1.0%
Epidemiology & Biostatistics 602,749 607,750 5,001 0.8%Engineering 493,380 513,205 19,825 4.0%Civil & Environmental Engineering 687,349 689,350 2,001 0.3%
Computer & Telecommunications Engineering
1,026,048 892,746 (133,302) -13.0%
Urban Higher Education Ph.D. 425,836 503,366 77,530 18.2%Public Service 1,369,250 1,369,250 - 0.0%Health Sciences 461,561 457,562 (3,999) -0.9%
Teacher Education 658,091 658,094 3 0.0%Library & Scholarships 1,722,059 1,825,536 103,477 6.0%Total $ 11,500,000 $ 11,500,000 - 0.0%
Ayers Endowment Interest $ 695,242 $ 720,783 $ 25,541 3.7%
8/19/200918
Budget, Finance & Audit Committee
MVSU FY 2009 FY 2010 $ Change % ChangeComputer & Information Science $ 583,065 $ 582,816 $ (249) 0.0%
History 168,252 170,433 2,181 1.3%
Special Education 261,131 143,680 (117,451) -45.0%
Mathematics 538,319 538,028 (291) -0.1%
Chemistry 370,060 371,370 1,310 0.4%
Graduate Special Education 105,343 104,547 (796) -0.8%
Masters of Business Administration 684,418 673,727 (10,691) -1.6%
Bioinformatics 341,482 336,034 (5,448) -1.6%
Educational Leadership 122,935 123,074 139 0.1%
Institute for Effective Teaching 154,764 153,834 (930) -0.6%
Greenwood Ayers Operation 87,481 87,170 (311) -0.4%
Distinguished Visiting Professor 49,448 49,503 55 0.1%
Other Race Recruitment 289,693 422,118 132,425 45.7%Biology 593,609 593,666 57 0.0%Total $ 4,350,000 $ 4,350,000 - 0.0%
Ayers Endowment Interest $ 467,332 $ 470,003 $ 2,671 0.6%
FY 2010 Ayers BudgetMississippi Valley State University
8/19/2009 19Budget, Finance & Audit Committee
Ayers Summary FY 2009 FY 2010 $ Change % Change
State Appropriation
Alcorn State University $ 4,350,000 $ 4,350,000 $ - 0.0%
Jackson State University 11,500,000 11,500,000 - 0.0%
Mississippi Valley State University
4,350,000 4,350,000 - 0.0%
Total $ 20,200,000 $ 20,200,000 $ - 0.0%
Interest Budget
Alcorn State University $ 354,806 $ 354,806 $ - 0.0%
Jackson State University 695,242 720,783 25,541 3.7%
Mississippi Valley State University
467,332 470,003 2,671 0.6%
Total $ 1,517,380 $ 1,545,592 $ 28,212 1.9%
FY 2010 Ayers BudgetSummary Information
8/19/2009 20Budget, Finance & Audit Committee
Recommendation
Staff recommends approval of the
FY 2010 Operating Budget
8/19/2009 21Budget, Finance & Audit Committee
