7/14/2011 2
Proposed University Operating Budgets
Fiscal Year Ending June 30, 2012
July 14, 2011
Central Michigan University is a strong institution and is committed to:• Ensuring quality student learning• Increasing retention and graduation rates • Preparing students for success after graduation• Increasing student financial aid• Attracting and retaining highly talented, dedicated
faculty/staff and students• Investing in future academic programs and capital
projects
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2000-01 Appropriations Per Fiscal Year Equated Student (FYES)
$10,958
$9,674 $9,248
$8,017
$6,931
$6,094$5,228 $5,115
$4,788 $4,629 $4,617 $4,351 $4,305 $4,063$3,808
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
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2010-11 Appropriations Per Fiscal Year Equated Student (FYES)
$3,658
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
Same buying power as $2,867 in 2001
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Michigan Public UniversitiesTuition Comparison – Undergraduate
FALL 2010 FTIAC TUITION CREDIT HOUR RATES
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Michigan Public UniversitiesTuition Comparison – Undergraduate
FALL 2011 FTIAC UNIVERSITY TUITION CREDIT HOUR RATESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%
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2011‐12 CMU Michigan Resident Undergraduate Tuition Rates
Fall 2010-11 undergraduate rate: $346/credit hourFall 2011-12 proposed undergraduate rate:
Dollar & Percent Increase
Rate Per Hour
$12 ~ (3.47%) $358
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Note: Does not apply to current students who are still covered under The CMU PromiseTM – 2,118 students
Michigan Public UniversitiesTuition Comparison – Undergraduate
FALL 2011 UNIVERSITY FTIAC ANNUAL TUITION & FEESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%
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Note: The effective total annual cost for CMU including The CMU PromiseTM cohort for Fall 2011 equals $10,416
Tuition Increases
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University Tuition % GVSU* 7.00%NMU* 7.00%OU 7.00%MTU 6.95%LSSU 6.94%MSU 6.90%SVSU 6.90%UM - D 6.90%WSU 6.90%UM - F 6.80%UM - AA 6.70%WMU 6.66%FSU 5.14%EMU 3.65%CMU 3.47%
* Universities modeled @ 7%
FY 2011-12 Tuition Rates
2011-12 Tuition Rate Percentage IncreasesApproved rates in blue and others in red @ 7%
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Financial Plan
• Declining state appropriations• Plan decreased student enrollment – 2.1% • Financial aid investment- $3.8M:
• 9.1% increase from 2010-2011• Infrastructure investments - $2.7M• Additional tenure-track faculty investment- $2.2M
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CMU Financial Aid
• $39.5M of CMU funds are invested in student financial aid Centralis Scholarships Multicultural Recognition Scholarships Grad Fellowship Grants Board of Trustees Academic Excellence CMU Grants CMU 3.5 ScholarshipsMichigan Indian Tuition Grants
• Additional $3.8M funds invested for FY 2011-12• Increased BOT Academic Scholarships - $200,000 (23%)• Increased CMU grants (need based aid) - $2M (37%); $1M directed at
juniors and seniors• Increased study abroad scholarships - $76,000 (76%)
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CMU Financial Aidcontinued:
• Created new scholarship grants:• CMU Access Grants for 1st generation students - $650,000• Distinguished student awards - $895,000
• Continue $320,000 in work study funds to replace funds eliminated by State of Michigan
• Overall approximately two-thirds of CMU undergraduate students receive financial aid
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Budget Assumptions
Revenue:
• Decreased state appropriation funding by $12M, in additionto several years of previous reductions
• $22M total since 2002• Planned decrease in undergraduate student enrollment,
2.1% • Modest undergraduate resident tuition increase, 3.47%
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Budget AssumptionsExpense:• $12M expenditure reduction (2011-12 - $9M base and $3M one-time;
2012-13 - $3M base first quarter) • Reduced 25.55 FTE vacant positions
• Personnel Management• Campus wide position management • Continue savings from outsourcing services• Vacant position eliminations
• Supplies & Equipment• Continued emphasis on conservative fiscal spending• Utility budget remains stable for the third year based on existing square
footage
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Budget AssumptionsExpense continued:
• Expense Reduction Plan
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Spring 2010 Budget Decision: $5,210,550
Spring 2011 Plan: Central Administration Division $1,000,000 Academic Affairs Division 1,889,450 Finance & Administrative Services Division 700,000 President's Division 100,000 Development & External Relations Division 100,000 Total: 3,789,450
Sub-Total $9,000,000
2012-13 Plan: 3,000,000
Total University Budget Reductions $12,000,000
Proposed 2011‐12 University Operating Budget
• Proposed Revenue Schedule• Total University Operating Budget
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2010-11 2011-12Approved Proposed
Unrestricted General Unrestricted General Fund Budget Fund Budget
Revenue Net State Appropriations $80,064,200 $68,079,200 Tuition and Fees - On Campus 189,691,837 204,596,263 Tuition and Fees - ProfEd 42,988,417 46,848,546 Departmental Activity 13,410,286 14,079,203Total Revenue $326,154,740 $333,603,212
2010-11 2011-12Approved Proposed
Non-General Non-General Fund Budget Fund Budget
Revenue Parking Services 2,734,000 2,734,000 Residences and Auxiliary Services $71,560,509 73,872,194 Telecommunications 5,447,995 5,695,330 Athletics 6,106,632 6,431,011 Events Center* N/A 150,000 Public Broadcasting 3,906,675 3,913,525 University Health Services 1,992,872 2,030,073 University Recreation* N/A 737,999 Total Revenue $91,748,683 $95,564,132
*Part of General Fund in 2010-11
Non-General Fund
Central Michigan University
General Fund with ProfEd
Proposed Revenue ScheduleJuly 14, 2011
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Approved Proposed 2010-11 2011-12
University Budget University BudgetRevenues General Fund $326,154,740 $333,603,212 Non-General Fund 91,748,683 95,564,132Total University Revenues $417,903,423 $429,167,344
Expenditures General Fund $326,154,740 $333,603,212 Non-General Fund 91,748,683 95,564,132Total University Expenditures $417,903,423 $429,167,344
Total Net Revenue/Loss $0 $0
Note: General Fund includes subsidy to non-general fund areas
Central Michigan University2011-12 University Budget
Revenue and Expenditure SummaryJuly 14, 2011
Recommendations
• Undergraduate tuition• Applies to all on‐campus Michigan resident undergraduate students except those still on The CMU PromiseTM
• Adopt 2011‐12 Operating Budgets
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• Questions/Comments
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