1. President’s Leadership Council Budget Update
February 10, 2016

2. Governor’s Proposed Budget for MSU
Enacted Budget
$43,339,500
Current Year Reduction (4.5%)
$-1,950,300
Revised Budget
$41,389,200
Reduction (9%)
$-3,900,600
Proposed Budget
$39,438,900
Performance Pool (33.3%)
$-13,133,200
Proposed Budget
$26,305,700
$5,850,900
(by July 1)
CYR Tuition Shortfall $3,000,000
$8,859,900

3. What impact has the recession had on our operating revenues?

4. Tuition Increases FY07-FY15
Annual average increase of 5.8%
Total Eight-year increase of 53.4%

5. Revenue Trends FY06 – FY15 (Actual) Gross Total Public Fund Revenues
Changes in Gross Total Public Funds Revenue, Student Financial Aid and Gross TPF Revenue per FTE Student
 Year
Tuition & Fees
State Appropriations
Total Public Funds
Student Financial Aid
Gross TPF / FTE
$39,372,287
$44,901,703
$84,273,990
$7,182,718
$12,650
$71,742,999
$41,039,500
$112,782,499
$20,954,311
$16,050
10 Year Change
$32,370,712
$(3,862,203)
$28,508,509
$13,771,593
$3,400
% Change
82.2%
-8.6%
33.8%
191.7%
26.9%

6. Revenue Trends FY06 – FY15 (Actual) Net Total Public Fund Revenues
Changes in Net Total Public Fund Revenues and Net Total Public Funds per FTE Student
Year  
Net Tuition (excludes institutional aid)
State Appropriations
Total Public Funds
TPF / FTE
$32,189,569
$44,901,703
$77,091,272
$11,572
$50,788,688
$41,039,500
$91,828,188
$13,068
10 Year Change
$18,599,119
$(3,862,203)
$14,736,916
$1,496
% Change
57.8%
-8.6%
19.1%
12.9%

7. Net Tuition (excludes institutional aid)
Revenue Trends FY06 – FY15 (Actual) Net Total Public Fund Revenues - Adjusted for Inflation
 Change in Net Total Public Funds Adjusted for Inflation
Year
Net Tuition (excludes institutional aid)
State Appropriations
Total Public Funds
Higher Ed Price Index
Net TPF / FTE
$39,845,879
$55,581,602
$95,427,481
253.1
$14,324
$50,788,688
$41,039,500
$91,828,188
313.3
$13,068
10 Year Change
$10,942,809
-$14,542,102
-$3,599,293
-$1,256
% Change
27.5%
-26.2%
-3.8%
-8.8%

8. Expenditures 2001/02 –
Education & General Expenditures by Functional Category
Instruction
Research
Public Service
Library
Academic Support
Student Services
Institutional Support
Operation & Maint. Of Plant
Student Financial Aid
Total E&G Expenditures
$31,568,757
$263,492
$1,546,491
$2,568,186
$5,201,639
$6,566,892
$9,670,332
$5,629,973
$5,318,167
$68,333,929
$42,301,315
$262,673
$2,705,855
$3,223,109
$9,674,397
$15,243,824
$16,630,544
$11,583,553
$20,954,311
$122,579,581
Change
$10,732,558
$(819)
$1,159,364
$654,923
$4,472,758
$8,676,932
$6,960,212
$5,953,580
$15,636,144
$54,245,652
Pct. Change
19.8%
0.0%
2.1%
1.2%
8.2%
16.0%
12.8%
11.0%
28.8%
 79.4%
Total Unrestricted Expenditures by Major Object
Personnel
Operating
Grants, Loans & Benefits
Capital Outlay
Debt Service
Transfers
Total Expenditures
$52,227,026
$16,505,838
$2,857,321
$5,318,167
$5,111,906
$3,768,929
$85,789,187
$79,805,660
$29,204,138
$20,954,311
$6,681,279
$7,121,946
$275,838
$144,043,172
Change
$27,578,634
$12,698,300
$18,096,990
$1,363,112
$2,010,040
$(3,493,091)
$58,253,985
Pct. Change
47.3%
21.8%
31.1%
2.3%
3.5%
-6.0%
67.9%
Discount Rate
Institutional Aid per Student FTE
UG FT Tuition Rate (fall/spring semester)
Instructional Expenditures per FTE
Average Faculty Salary (all ranks)
18.0%
$774
$1,355
$4,607
$45,999
29.2%
$2,982
$4,049
$6,020
$61,258
Change
11.2%
$2,208
$2,694
$1,413
$15,259

9. Primary Expenditure Drivers
Scholarships
Retirement
Healthcare Benefits
Salary (Compensation Plan)
Utilities
Liability and Unemployment Insurances
Technology
Unfunded M&O for new E&G facilities
CHER, SSC and Equine Facility

10. Questions