Welcome!! June 17, 2015 – Campus Forum

Budget Update

Current Year Outlook FY15 ends June 30, 2015 Operating Deficits for last three years (FY12-14) New Accounting Standard (GASB 68) will significantly impact Financial Statements (non-cash) General Fund Projected Credit Hours of 513,000 SCH projection 2.5% below budget Graduation Rates exceed projection model Net Revenue impacted by lower than budgeted Investment Income Auxiliary Funds & Capital Auxiliary Funds ($48M Budget) Revenues short of budget, below Housing and Dining resident expectations Capital ($12.6M Budget) On track to budget

FY16 Budget Development Financial Position Clear need to improve financial position (Accreditation and Credit Rating Agencies) Generating operating surplus required to improve financial position (long-term) Enrollment Market remains highly-competitive, little growth in aggregate Commitment to conservative assumption set for enrollment/SCH Priorities/Reallocation Strategies to maintain/grow market share, and support priorities remain at forefront University Budget Council (UBC) provided recommendations consistent with this Budget Faculty Senate

FY16 General Fund Budget Assumptions Student Credit Hours - 521, above FY15 actual, 5000 below FY15 Budget New Students; 2800 FTIAC, 1800 Transfer, 1100 Graduate Tuition and Fee rate increase of 7.8% Graduate tuition simplified State funding flat General Fund Revenue up $9.1M (3.0%) General Fund Expenditures up $9.1M (3.0%) Expenditure Increases Financial Aid $4.7M (11%) Services, Supplies, Materials ($2.1M) Target Marketing, structural variances, and one-time items)

FY16 Budget as Approved by Board of Regents Board of Regents adopted FY 16 Budgets General Fund Operating Auxiliary Funds Capital (adopted March 17, 2015) General Fund (millions)Amount Revenues Tuition and Fees$229.2 State Appropriation 72.7 Other Revenue 9.8 Total GF Revenue$311.7 Expenditures Personnel – Salaries and Benefits Financial Aid 48.5 SS&M 38.2 Utilities/Debt Service/Asset Preservation 21.2 Other Expenses/Transfers 7.3 Total GF Expenditures Surplus/(Deficit) 0.0

FY16 Auxiliary and Capital Budget Highlights Auxiliary Funds Reflect rate increases for Apartments and Dining (5%) and Residence Halls (4%) as approved at March Board of Regents meeting. Revenue Budget of $48.9m, including Housing $18.8M, Dining $17.9M, Parking $4.5M and Other $7.7M Capital Budget Approved Capital Budget of $8.9M Key areas of Investment (70% of Total): Academics (Rackham & Honors)$2.8M Housing (Wise)$2.0M Safety/Security$1.4M 3 year Capital projection (FY16-FY18) Totals $34M

Strategic Planning

Mission, Vision and Values MISSION EMU enriches lives in a supportive, intellectually dynamic and diverse community. Our dedicated faculty balance teaching and research to prepare students with relevant skills and real world awareness. We are an institution of opportunity where students learn in and beyond the classroom to benefit the local and global communities. VISION Eastern Michigan University will be a premier public university recognized for student-centered learning, high quality academic programs and community impact.

Mission, Vision and Values CORE VALUES Excellence- We provide an exceptional environment to our faculty, staff, and students. We improve our performance continuously and strive to be the best in everything we do. Respect- We care for our people, communities and the environment and show respect for the dignity of the individual. Inclusiveness- We create an environment that supports, represents, embraces and engages members of diverse groups and identities. Responsibility- We are accountable – individually and in teams – for our behaviors, actions and results. We keep commitments. Integrity- Integrity and transparency are critical to our institutional effectiveness. We pursue the highest level of personal, intellectual, academic, financial and operational integrity within the University community.

Strategic Themes 1. Student Engagement and Success 2. High Performing Academic Programs and Quality Research 3. Institutional Effectiveness 4. Service and Engagement

Strategic Plan: Strategic Themes, Goals & Objectives Themes 4 Strategic Themes Goals 11 Goals Objectives 32 Objectives Tasks Mapping of tasks nearly complete; Implementation underway

Recent Changes to Objectives & Goals Based on input from the campus community…  Added a goal and objective to address campus/community safety  Added an additional objective for service & engagement

Next Steps  Now: All divisions/departments have prepared detailed task lists; implementation underway  Fall: Website will be updated with campus access to all tasks:  6-12 months: Strategic Plan incorporated into the new Simitive employee evaluation system  Ongoing: Regular campus updates via , etc.

We value your input!  Budget presentation online:  Strategic Plan website:  Strategic Plan comments are welcome: