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

2. 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

3. 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

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

5. 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

6. 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

7. 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

8. 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

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