Budget Update 2013

http://mubudget.missouri.edu/

Funding SourcesFiscal Year 2013

Operating FundTargeted Tuition & FeesFederal AppropriationsTargeted State AppropriationsGrants & ContractsGifts, Endowment & Investment IncomeEnterprise Operations

Total Revenue

$537,394,623 85,850,371 14,706,529 36,843,801

228,042,911 62,520,910

1,092,498,050

$2,057,857,196

26.1%4.2%0.7%1.8%

11.1%3.0%

53.1%

100%

“Enterprise” Operations

Hospitals & ClinicsUniversity PhysiciansUniversity StoresResidential LifeAthleticsCampus DiningResearch ReactorAgricultureParkingKOMU Office of Research/Patent & Royalty Other

$654,847,287157,747,408

55,693,96942,946,48748,660,68526,630,23812,276,07510,113,4367,675,000

10,415,3832,304,007

63,188,076

$1,092,498,050

59.9%14.4%

5.1%3.9%4.5%2.4%1.1%0.9%0.7%1.0%0.2%5.8%

100%

General Operating SourcesTotal: $538M

Operating Fund

• State Appropriations$169M

• Tuition $332M

• Indirect Cost $37M

27%

70%

3 %

19901995

20002005

2013

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

62%

31%

7%

INDIRECT COST

Change in General Operating Funding Sources

TUITION

STATE SUPPORT

Operating Fund

Gifts & GrantsOther Appropriations

Targeted Tuition / Fees

Hospital, KOMU, Athletics, Bookstore

State SupportTuition

Budget Tree

State Appropriations for OperationsFY 2001 – FY 2013

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013150,000,000

155,000,000

160,000,000

165,000,000

170,000,000

175,000,000

180,000,000

185,000,000

190,000,000

195,000,000

200,000,000

Enrollment GrowthFY 2001 – FY 2013

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Est.

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

23,309

34,255

Head Count

47% Increase

What’s Wrong With This Picture?FY 2001 – FY 2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Head Count State Appropriations FY Based CPI

Head Count

CPI

State Appropriations

State Support per Student FTEIn Real $

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20134,000

5,000

6,000

7,000

8,000

9,000

10,000

Support per Student FTE

Cause & Effect

-20.0%

-10.0%

0.0%

10.0%

20.0%

Percent Increase in Recurring State Appropriations for OperationsPercent Increase in Resident Undergraduate Tuition (Per Credit Hour)

Source: UM System Planning & Budget

Tuition & Fee Comparison2012 – 2013

InstitutionAAU PublicAAU Public & PrivateSEC Big XIIBig Ten

University of Missouri-Columbia

Average$10,904$24,647$10,727$13,254$14,151

$9,257

Lowest$5,656$5,656$5,656$6,090$8,057

Highest$16,690$47,246$42,118$34,590$43,799

Combined Tuition & Fees

Source: U.S. News Best Colleges 2012

State Support to Higher EducationFY 2012 National Comparison*

Appropriation per Capita Ranking

*Information obtained from the Grapevine Report published by Illinois State University

44

7

19

229

29

12

14

23

FY2012 State Appropriations for Higher EdPer Capita

Arkansas Illinois Iowa Kansas Kentucky Missouri Nebraska Oklahoma Tennessee US Average$0

$50

$100

$150

$200

$250

$300

$350

$400

$307.55

$278.65

$241.34$257.59

$282.75

$154.74

$351.58

$249.31

$220.20$233.23

Bordering States

*Information obtained from the Grapevine Report published by Illinois State University

*Information obtained from the Grapevine Report published by Illinois State University

1. Wyoming

TOP TEN

State Support to Higher EducationFY 2012 Appropriation per Capita Ranking*

2. North Dakota

4. North Carolina

10. Alabama

3. Alaska

5. New Mexico6. Hawaii7. Nebraska8. Mississippi9. Arkansas

FY2012 State Appropriations for Higher EdPer Capita

Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri SouthCarolina

Ten-nessee

Texas US Av-erage

$0

$50

$100

$150

$200

$250

$300

$350

$306.27 $307.55

$190.10

$268.11$282.75 $281.99

$320.36

$154.74

$183.66

$220.20

$251.77

$233.23

SEC

*Information obtained from the Grapevine Report published by Illinois State University

Capital Projects

• Current Construction Projects

• Projects In Design

$377,000,000

$210,000,000

Capital Projects Employment

Current Projects

50% is Labor

$50 / hour

÷ 2080 hours Jobs

$377,000,000

$188,500,000

3,770,000

1812

Athletic Economic ImpactFY 2013 (Estimate)

Athletic EventsState ChampionshipConcerts

Includes Impact Related to Venue & Non-venue

Amount =

$185,000,000

Work Yet To Do

Salaries

• To Get To AAU Public Mean $14M

• Above Plus Improve Faculty Mix $25M

Facilities

• Deferred Maintenance $212M• Capital Renewal $284M

Budget Update 2013

http://mubudget.missouri.edu/