2. Finance & Administration
FY19 Budget Update
April 30, 2018
2015

3. Three Major Items of the Budget
State Appropriation
Tuition and Enrollment
Expenditures

4. State Appropriation Biennium FY18-FY19 FY18 was funded at 55%
Less dollars for FY19
FY18 $22,228,840; FY19 $22,067,549
FY19 $161,291 less than FY18
FY19 budget projections at this time does not include supplement

5. Tuition & Fees Undergrad tuition is frozen at $3,815 per semester
Grad tuition rate increased by 4% to $ per credit
Other fees for students increased in aggregate by 1%

6. Enrollment Undergraduate enrollment has decreased over the yearsFY FY FY FY FY

7. Enrollment Graduate enrollment has increased over the years FY14 164

8. Budget Revenue Assumptions
Decrease in State Appropriation
Frozen Undergraduate tuition
Increase Graduate tuition
Flat Enrollment
Maintain Other Revenue
Donation for John Glas Field House

9. Expenditures Compensation which includes salary and benefits
As of 4/23/18 all contracts are approved with the exception of MSUAASF
Contracts settled for FY19 between 2%-2.5% with steps
Health insurance expected to increase in January
Pension bill is expected to pass at end of legislative session

10. New Expenditures for FY19
HR-TSM
Next Gen – future replacement of ISRS
Office 365 Single Tenant
HLC
Scholarship??
Campus Compact??

11. Non-Salary investments
Strategic Planning
100 Year celebration
John Glas Field House

12. Reductions in FY19 Administrative College Restructure
IT administration
Academic Reduction
Non-Salary items by 4.5%

13. Investments in Personnel
Out state recruiter
Extensive International Recruiter

14. FY18 & FY19 BUDGETARY DISPLAY FY 2018 - UPDATE FY2019 REVENUES
General Fund
Revenue Fund
Other Funds*
Total
State Appropriation
22,228,840
22,067,549
Tuition (credit only)
31,924,868
32,032,783
Other
5,005,475
11,703,908
17,224,643
33,934,026
4,849,642
11,372,211
17,127,957
33,349,810
Carry forward
1,015,929
Total Revenues
59,159,183
88,087,734
59,965,903
88,466,071
EXPENDITURES
Personnel
43,037,384
3,454,712
2,209,409
48,701,505
43,774,730
3,453,281
2,356,978
49,584,989
Other Operating Costs
15,372,362
7,613,200
14,663,794
37,649,356
16,191,173
7,123,031
14,760,854
38,075,058
Total Expenditures
58,409,746
11,067,912
16,873,203
86,350,861
10,576,312
17,117,832
87,660,047
Revenues/Expense
749,437
635,996
351,440
1,736,873
795,899
10,125
806,024

15. Thank you