Budgetary Affairs Committee Report Faculty Senate Meeting February 21, 2013

SUMMARY: S&T GENERAL OPERATING BUDGET* FY 2013: $4.1M in reductions; $3.0M re-investment; $1.9M increase in salaries; no deficit FY 2014: (preliminary assumptions) $3M increase in fees ( 1.7%/4.4%/6.0%); 3% increase in salaries; $1.1M Geo- Thermal bond debt; projected estimate: $2.4M “planning” deficit *Budget data provided by Carol Heddinghaus

UM FY2013 Operating Budget Information:   http://www.umsystem.edu/ums/fa/budget/operating/  S&T FY2013-14 Budget Information http://web.mst.edu/~hale/BAC  

http://web.mst.edu/~hale/BAC (includes IT Fee) up from $50.7M Student org. sales, health services,, St. Pat’s, summer fees

http://web.mst.edu/~hale/BAC All E&E Library acquisitions parking lots, physical facilities, charges printing, video communications, Havener Center S&T to/from System People Soft etc. Transfers to pay debts from Aux Services income Residence Hall/ housing to capital replacement http://web.mst.edu/~hale/BAC

Increases

+ 1.7%/+4.4%/+6.0% Distance Ed. Recovery, Gifts, Endowment Assessment

COMPARISON WITH OTHER CAMPUSES http://web.mst.edu/~hale/BAC/FY2013BudgetBook[1].pdf

SUMMARY: S&T GENERAL OPERATING BUDGET* FY 2013: $4.1M in reductions; $3.0M re-investment; $1.9M increase in salaries; no deficit FY 2014: (preliminary assumptions) $3M increase in fees ( 1.7%/4.4%/6.0%); 3% increase in salaries; $1.1M Geo- Thermal bond debt; projected estimate: $2.4M “planning” deficit *Budget data provided by Carol Heddinghaus

Supplementary Slides