board of trustees update€¦ · 2015 undergraduate student snapshot university overview fall 2015...
TRANSCRIPT
2016-17 Budget PlanningBoard of Trustees Update
1
Table of ContentsUniversity Overview 3‐7Overview of university operating accolades and metrics
Appropriations Overview 8‐15Includes detail on State and Federal appropriations issues impacting MSU
Financial Framework 62Overview of existing long‐term funding plans for strategic items such as Academic Competitiveness, technology, etc
Budget Overview 63‐70Detailed update on planning for the FY17 and FY18 budget
Financial Aid 16‐27Review of MSU financial aid resources
Academic Salaries 28‐36MSU standing versus Big Ten peers for faculty, GA, and TA salary and compensation
Operations Overview 37‐40Operational and personnel metrics
Enrollment Projections 41‐53Current enrollment profile and long‐term enrollment projections
Tuition and Fee Overview 54‐61Current tuition and fee rate standing versus Michigan and Big Ten peers, and revenue based programs
2
Rank Rank
1 Supply Chain Management (2016 ed. ed.) 7 Educational Administration and Supervision (2017 ed.)*
1 Elementary Teacher Education (2017 ed.)* 8 Production/Operations Management (2016 ed.)
1 Secondary Teacher Educatdion (2017 ed.)* 12 Accounting (2016 ed.)
2 Higher Education Administration (2017 ed.)* 11 Education Policy (2017 ed.)*
4 Curriculum and Instruction (2017 ed.)* 13 Special Education (2017 ed.)*
5 Educational Psychology (2017 ed.)* 20 Management (2016 ed.)
University Overview
University Overview | Michigan State University | O�ce of Planning and Budgets
Michigan State University has successfully navigated some of the most challenging times higher education has faced. Despite these challenges, MSU has augmented its position among the top 100 universities in the world, serving Michigan first.
Outreach & Learning Beyond the Classroom
Just over 2,000 study abroad participants.
Relentless Pursuit of Excellence and ValueThe 2014 graduation rate of 79% outperforms the U.S. News and World Report (USNWR) predicted rate by 11%; second in the Big Ten.
MSU had 8,623 Pell Grant recipients in 2013-14. The Carnegie Peers (public & private) average is 5,052.
32% participated in service learning as part of an academic course
68% participated in service learning without obtaining academic credit
More than 163,000 4-H youth participants.
Worked with more than 170 school districts across the state over the last three years. This includes 198 focus schools and 122 priority schools.
0 10 20 30 40
State Support for Higher EducationMichigan ranks 47th, out of 48 states reporting, for the rate of change in state appropriations for higher education over 10 years (2006-2016) and 40th of 48 states reporting for rate of change over 5 years.
10-Year Rate of Change Rank
5-Year Rate of Change Rank
40
47
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
National Average
State of Michigan
-9.3%
25.5% If Michigan’s support for higher education funding kept pace with the national average, MSU’s state appropriation would be $87.8 million above the current funding level.
More than 26,100 students participated in service learning experiences during the 2014-15 academic year. This is an increase of more than 60% since the 2009-10 academic year.
Approximately 1 in 4 undergraduate students participate in research experiences annually.
More than 90% of all 2014 graduates surveyed were employed or continuing their education.
The 2016 USNWR ranks MSU 29th for undergraduate education amongst public institutions.MSU has 27 undergraduate and graduate programs in the top 20 nationwide including:
*Indicates graduate program
3
University Overview
University Overview | Michigan State University | O�ce of Planning and Budgets
Michigan State University has successfully navigated some of the most challenging times higher education has faced. Despite these challenges, MSU has augmented its position among the top 100 universities in the world, serving Michigan first.
Research Portfolio
For the period 2011-2014, MSU is 2nd in the Big Ten for rate of change for National Science Foundation Higher Education Research & Development (HERD) report R&D expenditures.
FRIB is a $730 million facility, with Congress approving $100M for the current fiscal year.
Sponsored awards now stand at $583 million. This is up more than 50% over the last ten years.
MSU research highlights include:the Great Lakes Bioenergy Research Center, the Center for Advancing Microbial Risk Assessment, the Institute for Cyber-Enabled Research, and the Center for Research on Ingredient Safety.
Helping Move Michigan’s Economy Forward
MSU’s total economic impact on the state isin excess of $5 billion.
7 o�-campus teaching locations 15 research stations20 medical sites more than 30 partner hospitals
Michigan (63%) Midwest (15%) Other location (22%)
Of 2014 graduates with employment, 63% are employed in Michigan and 78% found employment in the Midwest.
Across the state of Michigan, MSU has:
$511.3 million in spending with Michigan based companies.
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
To
tal
Aw
ard
s
Total Sponsored Awards
Total awards up 54% over the last 10 years.
ARRA Funding
4
2015 Undergraduate Student Snapshot
University Overview
Fall 2015 Entering Class
There are a total of 50,543 total students, 77.4% are undergraduates.
The entering class consists of 7,967 students.
2014 Graduate Outcomes
Persistence & GraduationBetween 2009 and 2014, the number of first time undergraduate students returning for their first fall semester after their original enrollment has increased.
66%Admit Ratio
79%
72.1% 24.5% 22.4% 11%
are in-state students
of domestic students are students of color
are Pell Grant recipients are first generation students (according to the FAFSA)
Between 2005 and 2015, undergraduate enrollment increased nearly 10%.
Undergraduate Student Data Snapshot | Michigan State University | O�ce of Planning and Budgets
Of 2014 graduates with employment, 63% were employed in Michigan and an additional 15% were employed in the Midwest.
64% of 2014 graduates surveyed were employed within 6 months of graduation. This is the highest employment rate since the online survey of graduates began in 2006.
Employment Location
First Time Undergraduate
Average H.S. GPA: 3.68
Average In-State Net Price (2014-15): $14,601
91.1% of all undergraduate students are full time
On average, it takes first-time undergraduates 4.2 calendar years to earn a degree.
21.5% of all domestic undergraduate students are
students of color
MSU’s actual 6-year graduation rate for
the 2008 cohort beat the US News &
World Report predicted
graduation rate by 11 percentage
points.
34%Yield
35,678
39,143
30,000
32,000
34,000
36,000
38,000
40,000
42,000
2005 2015
Employed (64%)
Continuing education (26%)
Starting a business or other commitments (2%)
Unplaced or unresolved (8%)
68%
90.7
92.1
85.0
87.0
89.0
91.0
93.0
2009 2010 2011 2012 2013 2014
5
-150.0% -100.0% -50.0% 0.0% 50.0% 100.0% 150.0% 200.0% 250.0%
Financial Aid
Financial Aid | Michigan State University | O�ce of Planning and Budgets
Student Debt & Repayment
Total MSU Student Assistance Percent Change, FY2004-05 to 2014-15
$28,950
$29,450
$26,122 MSU
State of Michigan
National
Of students graduating with debt, the average amount of 2014 MSU graduates is lower than the state & national average.
Fewer MSU students graduate with debt compared to the state and national average.
FY04-05 FY14-15
Non-Governmental Loans & External Awards
Total Support
Federal
State
MSU General Fund
MSU Non-General Fund
83.5%
-92.1%
190.7%
$358.7
$44.2
$35.9
$41.8
$21.2
$658.2
$3.5
$61.3
$121.5
$44.7
$215.6 $427.2
(in millions, not adjusted for inflation)
MSU
State of Michigan
National
4% of MSU students default on their student loans. This is significantly lower than the national average of 11.8%
Undergraduate Financial Aid
Pell Grant
There were 38,786 undergraduates enrolled for the 2014-15 academic year. The average in-state net cost was $14,601.
Federal Student Loans
Number of recipients
Average amount of
aid awarded
Recipients as a percentage of all undergraduates
22%
45%
8,576
17,468
$4,329($37.1 million annually)
$7,326($127.9 million annually)
69%45% 62%
110.8%
70.8%
98.1%
6
All Funds Budget Snapshot
All Funds Budget Snapshot | Michigan State University | O�ce of Planning and Budgets
FY16 General Fund Budget = $1,263,800,000
FY 2016 General Fund Revenue
The General Fund does not support: Athletics MSU
HealthTeamHousing
Measures of E�ciency
FY 15 All Funds Budget
FY 2016 General Fund Expenditures
Tuition & Fees, 32.7%
Sponsored Programs,
18.6%
State Appropriation,
10.9%
Auxiliary Activities, 13.4%
Investment Income, 3.8%
Departmental Activities, 8.4%
AgBio/MSU Extension,
2.4% Gifts, 9.8%
Academic & Related Services, 63.7%
Scholarships & Fellowships, 2.9%
Physical Plant Operations, Institutional Support, & Depreciation, 19.0%
Auxiliary Enterprises, 14.2%
Other, 0.2%
FY 2015 All Funds Revenue = $2,435,300,000**Includes all University Advancement activity, deviates from audited financial reports.
FY 2015 All Funds Expenditures = $2,167,101,000
Tuition & Fees, 71.2%
State Appropriations, 21.2%
Indirect Cost Recoveries, 4.7%
Other, 0.6%
Investment Income, 2.3%
Academic & Related Services, 66.8%
Scholarships & Fellowships, 10.1%
Physical Plant Operations & Instiutional Support, 23.2%
Students Per Employee
MSU ranks 13th among 14 Big Ten Schools for the number of students per employee.
MSU functions with more students per employee than the Big Ten average.
Students Per Employee
4.21
3.23
0.00
1.00
2.00
3.00
4.00
5.00
MSU Big Ten Average
Expenses Per StudentMSU operates with $6,395 less per student than the Association of American Univierities (AAU) public median.
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
Instruction Research PublicService
AcademicSupport
InstitutionalSupport
StudentServices
Other CoreExpenses
MSU AAU Public Median
7
• FY17 appropriations recommendations in the context of significant additional resources directed towards roads, estimated cumulative GF impact of $806M FY19‐FY21
• Governor’s FY17 recommendation increases funding to higher ed by 4.3% within context of overall state GFGP increase of 1.6%
• Funding sufficient to restore total appropriations to FY11 level
• Institution by institution recommendations based on performance formula
• Institutional recommendations range from 3.5% to 6.8%
• Tuition cap indicated at 4.8%
• MSU appropriation recommended at 3.9% based on formula result
• Agbio/MSUE restored to FY11 levels with 2.3% recommendation
• Current conversation regarding further restoration for MSU and eliminating cap for Agbio/MSUE
• $1.5M anticipated for Animal Initiative from Department of Agriculture/Department of Environmental Quality for operational support
State of Michigan Context Executive Recommendation
8
Appropriations SummaryHouse Governor Senate
MSU Allocation ‐ Percent Increase 3.2% 3.9% 4.1%*
‐ Amount Increase $8.6M $10.4M $11.0M
Allocation Range 2.8% ‐ 4.7% 3.5% ‐ 6.8% 2.4% ‐ 6.8%*
Tuition Cap 4.8% 4.8% 4.8%
AgBio/MSUE 2.3% 2.3% 2.3%
Other Notes Additional model metric –
Community engagement
*$2.6M redirectedfrom OU and EMU to MSU, UM, WMU,
WSU
• FY17 appropriations recommendations in the context of significant additional resources directed towards roads, estimated cumulative GF impact of $806M FY19‐FY21
• Governor’s FY17 recommendation increases funding to higher education by 4.3% within context of overall state GFGP increase of 1.6%
• Funding sufficient to restore total appropriations to FY11 level; in total, MSU down $4.5M
• Current conversation regarding further restoration for MSU and eliminating cap for Agbio/MSUE
• $1.5M anticipated for Diagnostic Center for Population and Animal Health from Department of Agriculture/Department of Environmental Quality for operational support
9
Possible Range of Conference Options
House Governor SenateBest
Combination
MSU Allocation ‐ Percent Increase 3.2% 3.9% 4.1% 4.4%*
Increment from FY16 Appropriations ‐ $268.8M
$8.6M $10.4M $11.0M $11.8M
Variance from Governor’s Proposal ‐$1.8M ^ $0.6M $1.4M
*Applies House community engagement metric to Senate model
10
State of Michigan Context Performance Funding Model - Governor
Model Item Score MSU Funding Total Pool MSU %
Stand Alone Variables
Critical Skills Degrees 2,767 $1,135,139 $6,643,044 17%
R&D Expenditures $311,961,002 $822,172 $3,321,522 25%
Scored Variable
6‐Year Grad Rate 2 n.a. n.a. n.a.
Total Degrees 3 n.a. n.a. n.a.
Institutional Suppt % of Core Expenses^
0 n.a. n.a. n.a.
% Students ReceivingPell^
0 n.a. n.a. n.a.
Total Score* 5 $2,427,490 $19,929,033 11.3%
*Score multiplied by undergraduate FYES, resulting total divided by total score for all universities, multiplied by available funding
^Additional information on following page
11
State of Michigan Context Performance Funding Model – House
VersionModel Item Score MSU Funding Total Pool MSU %
Stand Alone Variables
Critical Skills Degrees 2,767 $878,285 $5,139,889 17%
R&D Expenditures $311,961,002 $636,135 $2,569,944 25%
Scored Variable
6‐Year Grad Rate 2 n.a. n.a. n.a.
Total Degrees 3 n.a. n.a. n.a.
Institutional Suppt % of Core Expenses^
0 n.a. n.a. n.a.
% Students Receiving Pell^ 0 n.a. n.a. n.a.
Carnegie Community Engagement Indicator
3 n.a. n.a. n.a.
Total Score* 8 $2,465,830 $15,419,667 16%
*Score multiplied by undergraduate FYES, resulting total divided by total score for all universities, multiplied by available funding
^Additional information on following page12
State of Michigan Context Performance Funding Model
% with Pell FY13 FY11 FY12 FY10MSU 24 26 25 23Median 27 27.5 27.5 24
In the current performance funding model, MSU received 0 points for thepercentage of Pell variable. This resulted from MSU's FY13 percentage Pellof 24 lagging the Carnegie peer median of 27 percent and declining from 26 percent in 2011. Nonetheless, MSU routinely enrolls approximately 8,800 Pell grant students annually, approximately 3,500 more than Carnegie peers.
Institutional Suppt % of Total Expenses
FY13 FY10 FY12 FY09MSU 6.91% 6.10% 6.56% 6.22%Median 6.88% 6.60% 6.61% 6.61%
In the current performance funding model, MSU received 0 points for theinstitutional support percentage of expenditures variable. This resulted fromits 6.91 percent for FY13 being slightly worse than the Carnegie peer medianof 6.88 percent.
FY17 Performance Model FY16 Performance Model
FY17 Performance Model FY16 Performance Model
13
FY17 Governor’s RecommendationMSU U of M Gap
ExecutiveRecommendation
$279.1M $312.7M $33.6M
Per FYES $6,050 $7,136 $1,086
(based on 44,039 students) Total Funding Gap $47.8M
Necessary to Restore 2011 Base
$4.6M $3.6M $1.0M
Note: Excludes AgBio recommendation of $33.2M and MSUE recommendation of $28.7M, an increase of 2.3% and 2.4% respectively in the Governor’s recommendation
14
FRIB
• Ongoing development of FRIB facility ‐ apx. $100M
• NSF/Science budget $24.5M recommended for Fy17 with out year requests proposed up to $26M
• Initial estimate of current operating budget range from $92M and $100M
Federal Budget Control Act issues
Monitor FLSA impact
Changes to Federal Financial Aid policies
Federal Appropriations Context
15
MSU Total Student Assistance
2004-05 Total Assistance: $358.6M 2014-15 Total Assistance: $658.2M
Source: Office of Financial Aid
Federal, $215.60State, $44.20
Non‐Gov Loans & External Awards,
$35.90
MSU GF, $41.80MSU Non‐GF,
$21.20
Federal, $425.2
State, $3.50
Non‐Gov Loans & External Awards,
$63.3
MSU GF, $121.50
MSU Non‐GF, $44.70
16
Total Aid Administered by Type
Grants & Scholarships,
$255,739,594 , 39%Loans,
$402,482,080 , 61%
Total Aid Administered $658.2M
17
Family Income Distribution of FAFSA Filers
0
200
400
600
800
1,000
1,200
1,400
1,600
2015
Five Year Average
# of Families
Families with income of over $200,000 truncated for purposes of this analysisDistribution represented in 2015 inflation adjusted dollars
18
2014-15 MSU Aid DetailTotal Aid Administered $658.2M
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
Federal State MSU GF MSU Non‐GF Private
$371,053,418
$31,428,662
$54,134,496
$3,526,275
$121,510,234
$44,703,471 $31,865,118
Loans Grants & Scholarships Work StudyTotal $425.2M
19
2014-15 MSU Aid DetailFederal Detail
Federal Grants & Scholarships Federal Loan Programs
Federal programs support $54M in need-based aid and over $371M in loans
Includes: Pell, SEOG, Other need based
Need Based $39.9M
Other G&S $14.2M
Includes: Military, veterans, work study, other
Non-Need Based $299.4Includes: PLUS (parent & grad),
unsubsidized
Need Based $71.6M
Includes: Perkins, subsidized, other
20
2014-15 MSU Aid DetailMSU Detail
*MSU financial aid comprised of $121M in GF financial aid, $16M of donor based aid, and $28M from other sources
Institutionally supported financial aid provides over $166M in grants and scholarships
Need Based $76.9M Other Grants and Scholarships $89.1MIncludes: Spartan Advantage,
Student aid grant, MSU assistance grant, freshman
grant, other
Includes: Geographically targeted, athletic, Honors College, departmentally
administered, endowment/gift funded, other
21
Student Debt
Avg. Student DebtMSU lags the State and National average for average debt load by 11.3% and 9.8%
respectively
Proportion with DebtMSU lags the State and National average for proportion of students with debt by 17
and 24 percentage points respectively
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
MSU State National
$26,122$29,450 $28,950
0%
10%
20%
30%
40%
50%
60%
70%
MSU State National
45%
62%69%
Over ten years, the proportion of students with debt has decreased from 56% to 45%, in stark contrast with the national average increasing to 69% from 57%
22
Big Ten Student Debt MSU undergraduate debt approximates Big Ten low for proportion of
graduates with debt (45%). Similarly, ranks below the median for amount of debt ($26,122)
$26,12245%
0%
10%
20%
30%
40%
50%
60%
70%
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Penn State
Iowa Purdue Indiana MinneOhio St. Wisco UofM MSU Rutgers Maryland Neb Illinois
Avg. Debt Load
Proportion of undergraduates with debt
23
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40 1.37
1.23
1.111.08 1.05 1.05 1.04 1.02 1.00 1.00
0.92
0.76
Big Ten Debt:Cost of Attendance Ratio
24
Big Ten Cohort Default RateMSU cohort default rate significantly below national average, in range of public Big Ten
average
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%11.80%
5.70%5.10%
4.0% 3.90%3.50% 3.50% 3.40% 3.20%
2.60%2.00%
1.60% 1.50%1.00%
25
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
State of Michigan Cohort Default RateMSU cohort default rate significantly below national average, below state of Michigan
average of 6.45%
26
MSU recognized as the best institution in Michigan in social mobility for low-income students
Only university who’s low-income students out earn more affluent students 10 years after graduation
Top five for average earnings, graduation rate, and average annual net cost
Social Mobility for Low-Income Students
Source: Bridge Magazine
27
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$110,383
2015-16 Faculty Salaries
Big Ten average*: $116,373
*Does not include Northwestern – average including Northwestern $119,3651 Maryland has not responded to survey – data form 20142 Rankings overtime adjusted to include Rutgers and Maryland
Rank 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16²Professor 10 9 9 10 10 8 9 9 11 10 8 8Associate Professor 7 8 8 7 7 5 8 6 9 9 9 9Assistant Professor 13 13 14 14 13 14 13 14 14 14 14 14All Ranks Average 10 10 11 11 11 9 12 12 13 13 13 11
MSU Rank in AAUP Big10 Institutions for Faculty Salary
28
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$144,432
2015-16 Faculty Compensation
-Includes pro-rata attribution of post-retirement benefits for eligible population
Big Ten average*: $148,698
*Does not include Northwestern – average including Northwestern $152,5541 Maryland has not responded to survey- data from 20142 Rankings overtime adjusted to include Rutgers and Maryland
Rank 2 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16Professor 9 9 9 9 8 6 8 11 9 8 7 7Associate Professor 4 3 5 4 6 6 7 6 5 6 8 8Assistant Professor 7 9 10 10 10 10 10 11 12 12 14 14All Ranks Average 7 6 7 7 7 6 10 13 9 9 10 10
MSU Rank in AAUP Big10 Institutions for Faculty Compensation
29
2014-15 Average Salary Increase for Continuing Faculty
9.6%
4.4% 4.3% 4.2%3.7% 3.5% 3.3% 3.3% 3.1% 3.1% 2.9% 2.9%
2.6%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Maryland Wisconsin Illinois Northwestern Penn St Michigan St Minnesota U of Michigan Indiana Ohio St U Iowa Purdue Nebraska
30
Big Ten Communities Cost of LivingInstitution Location Community AdjustmentIllinois Champaign IL CHAMPAIGN/URBANA 1.005Indiana Bloomington B IN BLOOMINGTON 0.961Iowa Iowa City B IA IOWA CITY 1.019Maryland Washington DC B2 MD GAITHERSBURG, POTOMAC NORTH OF, ROCKVILLE 1.186Michigan Ann Arbor MI ANN ARBOR, DEXTER, SALINE 1.031
Michigan State Lansing B MI EAST LANSING/OKEMOS 0.994Minnesota Minneapolis S4 MN BLAINE, MAPLE GROVE, SHOREVIEW 1.025Nebraska Lincoln NE LINCOLN 0.956Northwestern Chicago S5 IL GLENVIEW, LAKE FOREST, PARK RIDGE 1.274
Ohio State Columbus B CMP OH COLUMBUS, DUBLIN, WORTHINGTON/WORTHINGTON HILLS, GAHANNA, NEW ALBANY‐FRANKLIN, WESTERVILLE 1.01
Penn State State College B PA STATE COLLEGE AREA 1.01Purdue West Lafayette B IN LAFAYETTE, WEST LAFAYETTE 0.942Rutgers NYC (NENJ) S8 NJ BERKELEY HEIGHTS, SUMMIT, WESTFIELD 1.355Wisconsin Madison WI FITCHBURG, MADISON, MIDDLETON 1.032
AAUP data
31
Big Ten Faculty Salary Cost of Living Adjustment
AAUP data
Salary Cost of Living Factor Adjusted SalaryU Michigan $135,143 1.031 $131,080Northwestern U $158,268 1.274 $124,230Penn St $121,812 1.01 $120,606U Illinois $118,962 1.005 $118,371Indiana U $113,373 0.961 $117,974Purdue U $109,867 0.942 $116,631Ohio St U $115,726 1.01 $114,580U Wisconsin $117,135 1.032 $113,503Michigan St U $110,383 0.994 $111,049U Minnesota $112,128 1.025 $109,394U Nebraska $101,855 0.956 $106,542U Iowa $108,380 1.019 $106,359U Maryland¹ $125,557 1.186 $105,866Rutgers St U $122,522 1.355 $90,422
+2 spots
1 Maryland has not responded to survey- data from 2014
32
Big Ten Faculty Compensation Cost of Living Adjustment
AAUP data
Compensation Cost of Living Factor Adjusted CompensationU Michigan $167,065 1.031 $162,041Northwestern U $202,678 1.274 $159,088U Illinois $156,400 1.005 $155,622Penn St U $155,210 1.01 $153,673Purdue U $140,494 0.942 $149,144Michigan St U $144,432 0.994 $145,304Ohio St U $146,707 1.01 $145,255Indiana U $138,924 0.961 $144,562U Minnesota $146,563 1.025 $142,988U Wisconsin $147,460 1.032 $142,888U Iowa $140,193 1.019 $137,579U Nebraska $130,070 0.956 $136,056U Maryland1 $154,754 1.186 $130,484Rutgers St U $164,805 1.355 $121,627
+4 spots
1 Maryland has not responded to survey- data from 2014
33
$‐
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
A B C D E MSU G H I J K L
$18,804
2014-15 Big Ten TA Compensation
Big Ten average: $20,084
34
$‐
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
A B C D E MSU G H I J K L
$19,734
2014-15 Big Ten RA Compensation
Big Ten average: $21,182
35
MSU Salary Increment Advice – Note When Available
• Faculty - 4.0% merit, 0.75% Provost market per UCFA recommendation
• Specialists
• Graduate Council
• Other
36
24
20
27
Currently 363 PositionsGrowth of 71 Positions over 10 Years
Note: in 2005 there were 292 senior management positions at MSU (79 executive and 213 administrative). By 2015 there are an additional 71 positions, bringing the total to 363 (109 executive and 254 academic). The chart above outlines the areas of change and growth during this period.
Research, Economic Development, Compliance and Advancement
ReclassifiedPositions
Medical School Expansion, and initiation of other colleges
During this time, annual sponsoredawards increased from approximately $350M to approximately $530M, an increase of 51% over the period
During this time, GraduateProfessional enrollment grew from 1,492 to 2,532, a 70% increase
MSU Administrative Position Changes2005‐2015
37
$1,701
$1,662
$3,697
$5,168
$2,654
$12,051
$16,019
$3,922
$3,643
$4,866
$7,265
$2,139
$18,948
$22,820
$2,022
$1,972
$3,623
$5,060
$3,392
$12,023
$14,593
$1,438
$1,293
$2,779
$2,890
$5,265
$8,113
$14,779
$0 $5,000 $10,000 $15,000 $20,000 $25,000
Other coreexpenses
Student services
Institutionalsupport
Academicsupport
Public service
Research
Instruction
MSU Big Ten Median
CA Schools’ Median AAU Public Median
Core Expenses per Student by Function: FY14
38
2.00 2.01
2.292.52 2.62
2.87 2.94
3.25
3.57 3.633.89
4.13 4.21
5.25
0.00
1.00
2.00
3.00
4.00
5.00
6.00
Students Per Employee
Average: 3.23
Students Per Employee(Fall 14)
39
Budget Rates of Change
*Indirect cost pass-through and Revenue Based Initiative increments determined towards the conclusion of the budget planning process
FY12 FY13 FY14 FY15 FY16Base* 0.0% 3.0% 2.5% 2.70% 2.69%Financial aid 1.0% 0.6% 0.4% 0.40% 0.61%Enrollment Growth 0.2% 0.1% 0.1% 0.14% 0.00%Indirect Cost Pass-Through 0.3% 0.2% 0.0% 0.00% 0.00%
Sub-Total 1.5% 4.0% 3.0% 3.2% 3.3%
Revenue Based Initiative 1.7% 1.4% 0.8% 0.71% 0.73%Sub-Total 3.1% 5.3% 3.8% 4.0% 3.3%
Academic Competitiveness 0.0% 0.0% 0.2% 1.02% 0.65%Total 3.1% 5.3% 4.0% 4.97% 3.94%
40
42000
43000
44000
45000
46000
47000
48000
49000
50000
51000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Stud
ents
Fall Enrollments
Target
ActualLong‐term Range
41
Undergraduate Entering Class Enrollment
• Entering class enrollment of 7,967 reflects a 1.0% increase over last year’s total of 7,883
7,256 7,206
8,2017,967
6,000
6,500
7,000
7,500
8,000
8,500
9,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
MSU Entering Class
42
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2005‐06 2006‐07 2007‐08 2008‐09 2009‐10 2010‐11 2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20
Stud
ents
Michigan High School Graduates
5% Michigan Public High School Graduates (CEPI)
MSU Resident Entering Class
MSU Resident Entering Class + Transfer Students
Projection >>>>>
Projection >>>>>
Prediction >>>>>
MSU benchmarks resident enrollment at 5% of the Michigan high school graduating class. In 2013-14 there were 104,366 public high school graduates and in 2014-15 MSU enrolled 5,593 from Michigan in the entering class, or 5.4% of the total.
43
Michigan High School Graduates
The above reflects the estimated distribution of Michigan high school graduates by ACT performance level. The highest performance level is positioned at the base of the graph and progressively diminishes moving to the top.
0
20,000
40,000
60,000
80,000
100,000
120,000
2005‐06 2006‐07 2007‐08 2008‐09 2009‐10 2010‐11 2011‐12 2012‐13 2013‐14
MI Public HS Graduates by ACT Performance
ACT College Readiness Benchmark ACT21+ ACT17+ Other ACT Scores
44
Midwestern High School Graduates 2009-2025
45
International Enrollment Increases
Source: Institute for International Enrollment
Chinese enrollment surpasses 300,000 nationwide, rate of change plateauing
46
Big Ten Non-Resident Enrollment MSU lags the Big Ten average for non‐resident population
• FY16 MSU at 24% nonresident undergraduates– If 30% + $30M annually– If 35% + $54M annually … Big Ten average
47
Undergraduate Entering Class Statistics
• High School grades defined by first 25th and 75th percentile range between 3.48 and 3.92 consistent with previous years, with a median of 3.72
• ACT scores defined by the 25th and 75th percentile range between 23 and 28 also consistent with previous years, with a median of 26
• Total students of color in the class make up 24.5 percent of the domestic total
48
73%
71% 71%72%
70%
76%
74% 74%
75%
74%
80%
79%
77%76% 76%
65%
67%
69%
71%
73%
75%
77%
79%
81%
83%
FS12 FS13 FS14 FS15 FS16 Proj
Resident Percentage of MSU Enrollment
Fall First Time Enrollees (Michigan) First Time Plus Transfer (Michigan) Undergraduate Enrollees (Michigan)
Michigan Residents
49
FS08 FS09 FS10 FS11 FS12 FS13 FS14 FS15 FS16 ProjHONOR'S COLLEGE 499 490 493 483 531 528 610 648 625
AFRICAN AMERICAN 568 605 492 542 500 578 594 641 640OTHER STUDENTS OF COLOR 616 662 812 822 843 910 1002 1046 1025TOTAL STUDENTS OF COLOR 1,184 1,267 1,304 1,364 1,343 1,488 1,596 1,687 1,665
MICHIGAN 5,951 5,716 5,780 5,900 5,971 5,603 5,577 5,725 5,562NON RESIDENT TOTAL 1,386 1,493 1,394 1,882 2,183 2,239 2,265 2,204 2,328DOMESTIC NON RESIDENT 787 822 736 859 937 938 1,081 1,189 1,288INTERNATIONAL 599 671 658 1,023 1,246 1,301 1,184 1,015 1,040TOTAL FALL ENROLLED 7,337 7,209 7,174 7,782 8,154 7,842 7,842 7,929 7,890
HONOR'S COLLEGE % 6.8% 6.8% 6.9% 6.2% 6.5% 6.7% 7.8% 8.2% 7.9%
AFRICAN AMERICAN % 7.7% 8.4% 6.9% 7.0% 6.1% 7.4% 7.6% 8.1% 8.1%OTHER STUDENTS OF COLOR % 8.4% 9.2% 11.3% 10.6% 10.3% 11.6% 12.8% 13.2% 13.0%TOTAL STUDENTS OF COLOR % 16.1% 17.6% 18.2% 17.5% 16.5% 19.0% 20.4% 21.3% 21.1%
MICHIGAN % 81.1% 79.3% 80.6% 75.8% 73.2% 71.4% 71.1% 72.2% 70.5%NON RESIDENT TOTAL % 18.9% 20.7% 19.4% 24.2% 26.8% 28.6% 28.9% 27.8% 29.5%DOMESTIC NON RESIDENT % 10.7% 11.4% 10.3% 11.0% 11.5% 12.0% 13.8% 15.0% 16.3%INTERNATIONAL % 8.2% 9.3% 9.2% 13.1% 15.3% 16.6% 15.1% 12.8% 13.2%TOTAL FALL ENROLLED 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Fall 2016 Enrollment ProjectionsFall First Time Enrollees
50
FS08 FS09 FS10 FS11 FS12 FS13 FS14 FS15 FS16 ProjAFRICAN AMERICAN 57 69 42 53 59 58 62 72 65OTHER STUDENTS OF COLOR 132 111 119 150 144 144 185 191 190TOTAL STUDENTS OF COLOR 189 180 161 203 203 202 247 263 255
MICHIGAN 1,269 1,288 1,259 1,384 1,287 1,319 1,378 1,437 1,430NON RESIDENT TOTAL 204 258 189 151 162 194 169 133 165DOMESTIC NON RESIDENT 44 39 26 37 36 55 62 73 65INTERNATIONAL 160 219 163 114 126 139 107 60 100TOTAL FALL ENROLLED 1,473 1,546 1,448 1,535 1,449 1,513 1,547 1,570 1,595
AFRICAN AMERICAN % 3.9% 4.5% 2.9% 3.5% 4.1% 3.8% 4.0% 4.6% 4.1%OTHER STUDENTS OF COLOR % 9.0% 7.2% 8.2% 9.8% 9.9% 9.5% 12.0% 12.2% 11.9%TOTAL STUDENTS OF COLOR % 12.8% 11.6% 11.1% 13.2% 14.0% 13.4% 16.0% 16.8% 16.0%
MICHIGAN % 86.2% 83.3% 86.9% 90.2% 88.8% 87.2% 89.1% 91.5% 89.7%NON RESIDENT TOTAL % 13.8% 16.7% 13.1% 9.8% 11.2% 12.8% 10.9% 8.5% 10.3%DOMESTIC NON RESIDENT % 3.0% 2.5% 1.8% 2.4% 2.5% 3.6% 4.0% 4.6% 4.1%INTERNATIONAL % 10.9% 14.2% 11.3% 7.4% 8.7% 9.2% 6.9% 3.8% 6.3%TOTAL FALL ENROLLED 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Fall 2016 Enrollment ProjectionsTransfer Enrollees
51
FS08 FS09 FS10 FS11 FS12 FS13 FS14 FS15 FS16 ProjHONOR'S COLLEGE (FIRST TIME ONLY) 499 490 493 483 531 528 610 648 625
AFRICAN AMERICAN 625 674 534 595 559 636 656 713 705OTHER STUDENTS OF COLOR 748 773 931 972 987 1,054 1,187 1,237 1,215TOTAL STUDENTS OF COLOR 1,373 1,447 1,465 1,567 1,546 1,690 1,843 1,950 1,920
MICHIGAN 7,220 7,004 7,039 7,284 7,258 6,922 6,955 7,162 6,992NON RESIDENT TOTAL 1,590 1,751 1,583 2,033 2,345 2,433 2,434 2,337 2,493DOMESTIC NON RESIDENT 831 861 762 896 973 993 1,143 1,262 1,353INTERNATIONAL 759 890 821 1,137 1,372 1,440 1,291 1,075 1,140TOTAL FALL ENROLLED 8,810 8,755 8,622 9,317 9,603 9,355 9,389 9,499 9,485HONOR'S COLLEGE % (FIRST TIME ONLY) 5.7% 5.6% 5.7% 5.2% 5.5% 5.6% 6.5% 6.8% 6.6%
AFRICAN AMERICAN % 7.1% 7.7% 6.2% 6.4% 5.8% 6.8% 7.0% 7.5% 7.4%OTHER STUDENTS OF COLOR % 8.5% 8.8% 10.8% 10.4% 10.3% 11.3% 12.6% 13.0% 12.8%TOTAL STUDENTS OF COLOR % 15.6% 16.5% 17.0% 16.8% 16.1% 18.1% 19.6% 20.5% 20.2%
MICHIGAN % 82.0% 80.0% 81.6% 78.2% 75.6% 74.0% 74.1% 75.4% 73.7%NON RESIDENT TOTAL % 18.0% 20.0% 18.4% 21.8% 24.4% 26.0% 25.9% 24.6% 26.3%DOMESTIC NON RESIDENT % 9.4% 9.8% 8.8% 9.6% 10.1% 10.6% 12.2% 13.3% 14.3%INTERNATIONAL % 8.6% 10.2% 9.5% 12.2% 14.3% 15.4% 13.8% 11.3% 12.0%TOTAL FALL ENROLLED 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Fall 2016 Enrollment ProjectionsFirst Time Plus Transfer Enrollees
52
Fall 2016 Enrollment ProjectionsUndergraduate Enrollees
FS08 FS09 FS10 FS11 FS12 FS13 FS14 FS15 FS16 ProjAFRICAN AMERICAN 2,909 2,930 2,665 2,595 2,514 2,538 2,573 2,700 2,800OTHER STUDENTS OF COLOR 3,145 3,157 3,444 3,598 3,773 3972 4268 4581 4700TOTAL STUDENTS OF COLOR 6,054 6,087 6,109 6,193 6,287 6,510 6,841 7,281 7,500
MICHIGAN 31,227 30,834 30,127 29,966 30,053 29,864 29,768 29,751 29,600NON RESIDENT TOTAL 5,110 5,655 5,931 6,709 7,401 8,124 9,018 9,392 9,500DOMESTIC NON RESIDENT 2,912 3,019 2,937 3,078 3,147 3,326 3,712 4,124 4,350INTERNATIONAL 2,198 2,636 2,994 3,631 4,254 4,798 5,306 5,268 5,150TOTAL FALL ENROLLED 36,337 36,489 36,058 36,675 37,454 37,988 38,786 39,143 39,100
AFRICAN AMERICAN % 8.0% 8.0% 7.4% 7.1% 6.7% 6.7% 6.6% 6.9% 7.2%OTHER STUDENTS OF COLOR % 8.7% 8.7% 9.6% 9.8% 10.1% 10.5% 11.0% 11.7% 12.0%TOTAL STUDENTS OF COLOR % 16.7% 16.7% 16.9% 16.9% 16.8% 17.1% 17.6% 18.6% 19.2%
MICHIGAN % 85.9% 84.5% 83.6% 81.7% 80.2% 78.6% 76.7% 76.0% 75.7%NON RESIDENT TOTAL % 14.1% 15.5% 16.4% 18.3% 19.8% 21.4% 23.3% 24.0% 24.3%DOMESTIC NON RESIDENT % 8.0% 8.3% 8.1% 8.4% 8.4% 8.8% 9.6% 10.5% 11.1%INTERNATIONAL % 6.0% 7.2% 8.3% 9.9% 11.4% 12.6% 13.7% 13.5% 13.2%TOTAL FALL ENROLLED 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
53
MSU ranks 6th in the Big Ten for resident tuition and fees and 5th cost of attendance
Resident Tuition & Fees Resident Cost of Attendance
Big Ten Resident Tuition & Cost of Attendance
Penn State University $17,522University of Illinois $15,626University of Michigan $14,729Rutgers University $14,131University of Minnesota $13,840Michigan State University $13,560University of Wisconsin $10,399Indiana University $10,388Ohio State University $10,010Purdue University $10,002University of Maryland $9,996University of Nebraska $8,382University of Iowa $8,104
Penn State University $35,072Rutgers University $33,086University of Illinois $30,336University of Michigan $28,685Michigan State University $26,100University of Minnesota $25,784Ohio State University $25,482University of Wisconsin $24,719University of Maryland $24,588Indiana University $24,538University of Nebraska $23,392Purdue University $23,022University of Iowa $21,010
54
MSU ranks 2nd in the Big Ten for non-resident tuition and fees and 2nd for cost of attendance
Non-Resident Tuition & Fees Non-Resident Cost of Attendance
Big Ten Non‐Resident Tuition & Cost of Attendance
In addition, MSU international students are assessed a $750 per semester fee
University of Michigan $45,002Michigan State University $36,360Indiana University $33,740University of Maryland $31,144University of Illinois $30,786Penn State University $30,404University of Wisconsin $29,650Rutgers University $29,563Purdue University $28,804University of Iowa $27,890Ohio State University $27,336University of Nebraska $22,534University of Minnesota $22,260
University of Michigan $58,958Michigan State University $49,652Rutgers University $48,518Penn State University $47,954Indiana University $47,890University of Maryland $45,736University of Illinois $45,496University of Wisconsin $44,570Ohio State University $43,176Purdue University $41,984University of Iowa $40,796University of Nebraska $37,544University of Minnesota $35,704
55
MSU ranks 3rd in Michigan for resident tuition & fees and cost of attendance
Resident Tuition & Fees Resident Cost of Attendance
Michigan Resident Tuition & Cost of Attendance
Michigan Technological University $14,804University of Michigan $14,729Michigan State University $13,560Oakland University $11,857Central Michigan University $11,850Ferris State University $11,691University of Michigan‐Dearborn $11,600Grand Valley State University $11,360Western Michigan University $11,219Wayne State University $10,890Lake Superior State University $10,720Eastern Michigan University $10,430University of Michigan‐Flint $9,848Northern Michigan University $9,620Saginaw Valley State University $8,970
University of Michigan $28,685Michigan Technological University $27,601Michigan State University $26,100Wayne State University $23,904Oakland University $23,735Ferris State University $23,519University of Michigan‐Flint $23,516Central Michigan University $22,922Western Michigan University $22,727Lake Superior State University $22,710University of Michigan‐Dearborn $22,380Eastern Michigan University $21,896Northern Michigan University $21,306Saginaw Valley State University $20,251Grand Valley State University $20,250
56
MSU ranks 2nd in the Michigan for non-resident tuition & fees and 2nd cost of attendance
Non-Resident Tuition & Fees Non-Resident Cost of Attendance
Michigan Non‐Resident Tuition & Cost of Attendance
In addition, MSU international students are assessed a $750 per semester fee
University of Michigan $45,002Michigan State University $36,360Michigan Technological University $30,768Eastern Michigan University $27,710Western Michigan University $26,179University of Michigan‐Dearborn $23,800Central Michigan University $23,670Oakland University $23,621Wayne State University $23,163Saginaw Valley State University $21,060University of Michigan‐Flint $19,096Ferris State University $17,496Grand Valley State University $16,168Lake Superior State University $15,928Northern Michigan University $15,020
University of Michigan $58,958Michigan State University $49,652Michigan Technological University $43,565Eastern Michigan University $39,776Western Michigan University $37,687Wayne State University $36,177Oakland University $35,499University of Michigan‐Dearborn $35,406Central Michigan University $35,347University of Michigan‐Flint $32,764Saginaw Valley State University $32,341Ferris State University $29,324Lake Superior State University $27,918Northern Michigan University $26,706Grand Valley State University $25,058
57
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$5,408
Big Ten Average $9,186
Big Ten Appropriations Per Student
58
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
RutgersUniversity
Universityof
Michigan
Universityof
Minnesota
PurdueUniversity
Universityof
Maryland
Universityof Iowa
Ohio StateUniversity
Universityof Illinois
MichiganState
University
IndianaUniversity
Universityof
Wisconsin
Universityof
Nebraska
$21,730
Big Ten Average $23,901
Big Ten Appropriations and Tuition Per Student
59
Revenue Based Initiatives ‐OverviewRevenue based initiatives programs take three principal forms
• Targeted undergraduate and graduate programing
• Off campus and virtual credit instruction
• Study abroad and other international programming
Programming generates approximately $35 million in annual revenue
60
Revenue Based Initiatives ‐ DetailCollege of Agriculture
• FSHN Bench fees• KOLDAND Program
College of Arts and Letters• MAFLT
College of Business • MS Supply Chain• MS Accounting• MS Finance• Marketing• Business Analytics• MBA
College of Human Medicine• Public health
College of Nursing• Nursing-education• RN-BS• BS-Second degree• Nurse Anesthesia
College of Osteopathic Medicine• Pharmacology
College of Veterinary Medicine• Vet Tech
International Studies and Programs• Exchange• OISS• ISP
61
MSU Financial Framework
62
InflationApx. 3.0%
Inflationary Expense Increase $41.0
Significant additional adjustments beyond inflationFinancial Aid – 4.5% +$1.9
Faculty Salaries – 3.5% +$1.6
Health Care – 5.0% +$1.6
Utilities ‐ ‐3.5% ‐$3.9
Academic Competitiveness ?
Technology +$5.0
Total Expense $47.4
Dollars in millions
MSU Budget Planning Overview
1% Fac Sal = $3.1M 1% Other Sal = $3.2M 1% S&S = $1.0M 1% Utilities = $0.6M 1% Health = $0.77M1% Approp = $2.6M 1% Tuition = $8.5M 1% Reduction = $5.5M 1% Fin Aid = $1.2M 1% Inv Inc = $0.30M
Academic competitiveness $? Technology per framework $?
63
MSU Revenue Matrix
1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0%0.0% $0 $14 $18 $23 $27 $32 $36 $41 $45 $50 $540.5% $1 $15 $19 $24 $28 $33 $37 $42 $46 $51 $551.0% $3 $16 $21 $25 $30 $34 $39 $43 $48 $52 $571.5% $4 $18 $22 $27 $31 $36 $40 $45 $49 $54 $582.0% $5 $19 $23 $28 $32 $37 $41 $46 $50 $55 $592.5% $7 $20 $25 $29 $34 $38 $43 $47 $52 $56 $613.0% $8 $22 $26 $31 $35 $40 $44 $49 $53 $58 $623.5% $9 $23 $27 $32 $36 $41 $45 $50 $54 $59 $634.0% $11 $24 $29 $33 $38 $42 $47 $51 $56 $60 $65
1% Fac Sal = $3.1M 1% Other Sal = $3.2M 1% S&S = $1.0M 1% Utilities = $0.6M 1% Health = $0.77M
Tuition Target
APP
RO
PRIA
TIO
NS
1% Approp = $2.6M 1% Tuition = $8.5M 1% Reduction = $5.5M 1% Fin Aid = $1.2M 1% Inv Inc = $0.30M
Academic competitiveness $? Technology per framework $?
2.5% - $31.6M 3.0% = $37.9M 3.5% = $44.2M 4.0% = $50.5M
64
Illustrative Budget ScenariosBudget Item 2016‐17
BOT Pro‐Forma2016‐17
Current UpdateComment/Update 2017‐18
Current Update
State Appropriations 4.0% 3.9% Executive recommendation indicated 3.9%through performance funding model
4%Includes restoration
Tuition & Fees 4.0% Lower Div4.0% Upper Div
3.5% Lower Div3.9% Upper Div
Executive recommendation capped resident ug tuition increases at 4.8%
4.0% Lower Div4.0% Upper Div
Financial Aid 4.5% 4.5% As planned 4.5%
Faculty Salaries 2.5% 2.5% Big Ten trending higher/Evaluation of additional allocation
2.5%
Utilities 4.0%* ‐3.5% Monitor natural gas market 0.0%
Health Care 5.0% 5.0% Reviewing necessary increment 5.0%
Competitive Programs $6.1 $0.0 $5.0
Competitive Talent 0.5% Provost Market0.5% Special Retention
1% faculty salary – 2016‐170.5% faculty salary – 2017‐18
0.5% Provost Market
Technology $0.0 $5.0 Under Review $5.0
Base Budget Reduction 0.0% 0.0% ‐0.5%
Annual Balance $0 $0 $0
Preliminary 2016‐17 budget approved by the BOT in June 2015
65
Budget Planning – FY17 AdjustmentsProposed Adjustments - Expenditures
Pro-forma FY17 - June 2015 BOT $1,307.6M
Central University Items – Reduced from 4.0% to 3.0% -$1.0M
Utilities – Reduced from 4.0% to -3.5% -$4.5M
Framework – Decreased from $6.1M – $5.0M -$1.0M
Increase faculty salaries from 2.5% - 3.5% (competitive talent) +$3.2M
New space increment – from $0.5M - $1.0M +$0.5M
Updated FY17 Proposal $1,304.7M
66
Budget Planning – FY17 AdjustmentsProposed Adjustments - RevenuesPro-forma FY17 - June 2015 BOT $1,307.6M
Resident UG LD – Reduced from 4.0% to 3.5% -$1.0M
Other revenue adjustments -$1.5M
Updated FY17 Proposal $1,304.7M
67
Budget Planning – FY17 AdjustmentsOther Possible Budgetary Adjustments
+50 Resident Enrollment $0.8M
+50 Non-Resident Enrollment ($34,695-$8,000 fin aid) $1.5M
Tuition cap @ 4.8% $6.4M
1% Investment Income $0.3M
Budget Reduction Variable
N/R Bridge to FY17/18 Variable
Other
68
MSU FY17 Budget Planning INCOME EXPENDITURES VARIABLES
2015-16 2016-17 2015-16 2016-17 Appropriations 268.3 278.8 Financial Aid 127.0 132.7 Appropriation 3.9%Page 1- Line 23-25, 28, 29 Page 1- Line 23-25, 28, 29
Tuition and Fees 899.9 899.9 LD Core UD Core LD Prof UD ProfUndergrad 24.4 Page 2-Lin Undergrad -Res 3.5% 3.9% 3.5% 3.9%Grad 8.4 Undergrad - Non Res 4.0% 4.0% 4.0% 4.0%New NR Student Enr 0.0 Undergrad - Int 4.0% 4.0% 4.0% 4.0%Total 932.6 Salaries 658.4 676.9 Grad
Page 3- All Salary Increases Page 1- Line 29, 25-46Page 1- Line 29, 25-46 Health Insurance 80.7 84.8 Other Revenue - ICR 3.0%
Page 3-Line 2 Other Revenue 91.4 93.3 Other Benefits 105.1 108.2 Ranked Faculty 2.5%
Page 3-Line 2 Academic Staff 2.5%Utilities 61.9 59.7 Competitive Talent 1.0%
GA's 2.0%Page 2- Line 37-40 Coalition-Trailing Cohort (APSA, APA) 2.0%
Page 1- Line 29,30 New Space 0.0 1.0 Coalition-Leading Cohort (Labor groups, CTU) 2.0% Page 2- Line 37-40 Student Labor 4.0%Page 1- Line 33 Supplies/Services 123.7 126.2Funds Budgeted in prior year 4.2 0.0 Page 4- Line 1-4
Central University Items 106.9 110.1 Page 3- All Salary IncreasesFinancial Aid 4.5%Page 2-Line 30-35
Framework 5.0 Health-Faculty & Academic Staff 5.0% Health-Coalition 5.0%
Page 4- Line 10-11 Other Benefits-Faculty & Academic Staff 3.0%Other Benefits-Coalition 3.0%
JIT Page 1-Line 32,33 Critical Space 0.0 Utilities -3.5% Res Fac Passthrough 0.0 Res Fac Passthrough 0.0
Page 1- Line 33 Revenue-Based Initiatives 0.0 Revenue-Based Initiatives 0.0
Page 4- Line 30-38 Central University Items 3.0%Base Budget Reduction** 0.0 Supplies/Services 2.0%
Page 4- Line 1-4Base Budget Reduction 0.00%
Total 1,263.8 1,304.7 Total 1,263.8 1,304.7
Surplus/(Deficit) 0.0 Budget Change 3.2%
Does not include 1% efficiency factor
4.0%
69
MSU FY18 Budget Planning INCOME EXPENDITURES VARIABLES
2016-17 2017-18 2016-17 2017-18 Appropriations 278.8 290.0 Financial Aid 132.7 138.7 Appropriation 4.0%Page 1- Line 23-25, 28, 29 Aid for new NR Students 0.0 Page 1- Line 23-25, 28, 29
LD Core UD Core LD Prof UD ProfPage 2-Lin Undergrad -Res 4.0% 4.0% 4.0% 4.0%
Undergrad - Non Res 4.0% 4.0% 4.0% 4.0%Undergrad - Int 4.0% 4.0% 4.0% 4.0%Grad
Tuition and Fees 932.6 932.6 Salaries 676.9 697.3Undergrad 25.2 Page 3- All Salary Increases Page 1- Line 29, 25-46Grad 8.5 Health I 84.8 89.0 Other Revenue - ICR 3.0%New NR Student Enr 0.0 Page 3-Line 2Total 966.4 Other Benefits 108.2 111.5 Ranked Faculty 2.5%
Page 3-Line 2 Academic Staff 2.5%Page 1- Line 29, 25-46 Utilities 59.7 60.7 Faculty Markets 0.5%
GA's 2.0% Other Revenue 93.3 95.2 Page 2- Line 37-40 Coalition-Trailing Cohort 2.0%Page 1- Line 29,30 New Space 1.0 0.5 Coalition-Leading Cohort 2.0% Page 2- Line 37-40 Student Labor 4.0%Page 1- Line 33 Supplies/Services 126.2 128.6
Page 4- Line 1-4 Operations 110.1 118.4 Page 3- All Salary Increases
Year 1 Framework 5.0 Financial Aid 4.5%Page 2-Line 30-35
Funds budgeted in prior year 0.0 0.0 New Framework 10.0 Health-Faculty & Academic Staff 5.0%or equivalent reductions Health-Coalition 5.0%
PaBase Budget Reduction (3.0) Other Benefits-Faculty & Academic Staff 3.0%Other Benefits-Coalition 3.0%
RCAH (Framework) 0.0 Framework 0.0 Page 4-Line 6, 7 Page 4- Line 6,7
JIT Page 1-Line 32,33 Critical Space 0.0 Utilities 0.0%
Page 4- Line 7, 8 Res Fac Passthrough 0.0 Res Fac Passthrough 0.0 0.0
Page 1- Line 33 Revenue-Based Initiatives 0.0 Revenue-Based Initiatives 0.0 0.0
Page 4- Line 30-38 Operations 3.0%Multiyear Institutional Reserve 0.0 0.0 Supplies/Services 2.0%
Page 4- Line 1-4Base Budget Reduction 0.0 0.0 Base Budget Reduction (0.50%)
Total 1,304.6 1,351.7 Total 1,304.5 1,351.7
Surplus/(Deficit) (0.0) Budget Change before RBI, Res 3.6%g g ,
and Enrollment Growth
4.0%
Does not include 1% efficiency factor
70