Fiscal Year 2019 Budget and Planning for Future University Budget Meeting March 1, 2018

FY18 Budget Expenses Revenues Salaries and Benefits $117,473,521 Operating and Transfers $14,461,805 Total Expense (net waivers) $131,935,326 Waivers $16,386,081 Total $148,321,407 State Support $59,150,955 Tuition $85,211,096 One-Time-Only (OTO) $3,459,356 Special Appropriations $500,000 Total $148,321,407

FY18 Enrollment / Tuition Revenue Semester Revenue Summer 2017 (EOT) (195,954) Fall 2017 (EOT) 926,804 Spring 2018 (Census) (754,473) Annual Total ?? EOT – End of Term Census – 15th Class day

FY18 Changes To Date Decrease in State Appropriation Decrease in Millage Search Costs Lecturers for Spring MUS Worker’s Comp Premium

FY19 Budget Factors FY18 Structural Deficit of $3.5M Decrease in Appropriations / Millage / Performance Funding Waiver Increase Graduate Teaching Assistants Title IX Compliance Undergraduate Present Law Utilities IT Costs Library

FY19 Budget Factors (continued) Personnel CBA Requirements Retaining Lecturers Negotiations (in-progress) Restore Admissions Funding Decrease in Tuition Revenue based on Student FTE Decrease Change from FY17 to FY18 of 646 FTE Change from FY18 to FY19 of 325 FTE Result ~ $10 million Challenge

How will we Balance FY19 VERIP Savings VSO Savings $1.8 million VSO Savings $2.0 million One-time-only Funding Primarily accumulated balances from interest earning accounts Delay of expenditures Miscellaneous fee revenues

4-Year Budget Outlook New Model for UM Identifiable Targets Dynamic FY20 FY21 FY22 Maintain - appropriations - millage Improve Performance Funding Increase 200 new students (140 NR / 60 R) Increase retention/persistence rate by 1% Reduce expenditures Increase 100 new students (60 NR / 40 R) Key Components

Enrollment Strategies Vice-President for Enrollment Management and Student Affairs Tom Crady