2. Agenda Item # 1 8/19/2009 2Budget, Finance & Audit Committee

3. Approval of Annual Operating Budget 8/19/2009 3Budget, Finance & Audit Committee

4. FY 2010 Total Operating Budget 8/19/2009 4Budget, Finance & Audit Committee Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 791,755,527 $ 753,773,815 $ (37,981,712)-4.8% ARRA - 53,542,030 N/A Self-Generated Funds & 2,217,877,225 2,338,310,499 120,433,2745.4% Non-IHL Funds (MCVS & MS Press) Self-Generated 9,165,564 31,218,309 22,052,745240.6% Total Revenue Budget $ 3,018,798,316 $3,176,844,653 $ 158,046,3375.2%

5. FY 2010 E&G Operating Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801)-8.2% ARRA - 31,450,554 N/A Self-Generated Funds 465,800,604 469,256,7803,456,1760.7% Total Revenue Budget $ 861,320,461 $ 863,685,390 $ 2,364,9290.3% 8/19/2009 5 Budget, Finance & Audit Committee

6. FY 2010 E&G Budget By Revenue Source Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801)-8.2% ARRA - 31,450,554 N/A Tuition 401,923,581 415,149,304 13,225,7233.3% Unrestricted Grants & Contracts & Federal Appropriations 14,462,257 14,475,314 13,0570.1% Sales & Services 10,094,709 10,202,269 107,5601.1% Other 39,320,057 29,429,893 (9,890,164)-25.2% Total Revenue Budget $ 861,320,461 $ 863,685,390 $ 2,364,9290.3% Note: Includes $2 million in Board Initiatives 8/19/2009 6 Budget, Finance & Audit Committee

7. FY 2010 E&G Budget By Function FunctionFY 2009FY 2010$ Change% Change Instruction $ 381,288,832 $ 385,353,748 $ 4,064,9161.1% Internal Research 21,919,049 21,941,086 22,0370.1% Public Service 5,294,658 4,756,972 (537,686)-10.2% Academic Support 89,256,724 88,369,831 (886,893)-1.0% Student Services 62,478,746 57,173,037 (5,305,709)-8.5% Institutional Support 108,577,904 107,112,895 (1,465,009)-1.3% Operation & Maintenance 104,161,724 106,964,905 2,803,1812.7% Scholarships 79,759,587 83,165,581 3,405,9944.3% Transfers 6,583,236 5,847,335 (735,901)-11.2% Increases in Fund Balance - 1,000,000 N/A Total $ 859,320,460 $ 861,685,390 $ 2,364,9300.3% Note: Does not include $2 million in Board Initiatives 8/19/2009 7 Budget, Finance & Audit Committee

8. FY 2010 E&G Budget by Expense Category Expense CategoryFY 2009FY 2010$ Change% Change Salaries $ 407,010,596 $ 409,684,223 $ 2,673,6270.7% Wages 39,808,696 39,152,834 (655,862)-1.6% Fringes 145,633,733 156,017,293 10,383,5607.1% Travel 10,048,401 8,320,022 (1,728,379)-17.2% Contractual Services 198,083,442 192,122,374 (5,961,068)-3.0% Commodities 21,933,587 21,044,950 (888,637)-4.1% Capital Outlay - non Equipment 9,315,859 8,832,625 (483,234)-5.2% Capital Outlay - Equipment 10,056,990 8,681,685 (1,375,305)-13.7% Transfers 17,429,156 16,829,384 (599,772)-3.4% Increases in Fund Balance - 1,000,000 N/A Total $ 859,320,460 $ 861,685,390 $ 2,364,9300.3% Note: Does not include $2 million in Board Initiatives 8/19/2009 8 Budget, Finance & Audit Committee

9. FY 2010 University of Mississippi Medical Center Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 229,936,572 $ 221,428,365 $ (8,508,207)-3.7% ARRA - 20,411,172 N/A Self-Generated Funds 766,845,959 854,275,15687,429,19711.4% Total Revenue Budget $ 996,782,531 $1,096,114,693 $ 99,332,16210.0% 8/19/2009 9Budget, Finance & Audit Committee

10. FY 2010 Agriculture Budget FY 2009 ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 4,779,607 $ 23,716,974 $ 29,410,885 $ 6,128,754 $ 17,173,262 ARRA - - - - - Self-Generated - 5,779,670 14,250,514 885,650 11,765,800 Total Budget $ 4,779,607 $ 29,496,644 $ 43,661,399 $ 7,014,404 $ 28,939,062 FY 2010 ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 5,607,118 $ 23,740,111 $ 29,454,127 $ 6,135,116 $ 15,519,244 ARRA - - - - 1,680,304 Self-Generated - 6,411,854 14,272,453 885,650 12,565,800 Total Budget $ 5,607,118 $ 30,151,965 $ 43,726,580 $ 7,020,766 $ 29,765,348 Change ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 827,511 $ 23,137 $ 43,242 $ 6,362 $ (1,654,018) ARRA - - - - 1,680,304 Self-Generated - 632,184 21,939 - 800,000 Total Budget $ 827,511 $ 655,321 $ 65,181 $ 6,362 $ 826,286 8/19/2009 10Budget, Finance & Audit Committee

11. FY 2010 Institutes & Centers Budget 8/19/2009 11Budget, Finance & Audit Committee Institutes and CentersFY 2009FY 2010$ Change% Change Jackson State University $ 535,659 $ 536,212 $ 5530.1% Mississippi State University 7,427,382 7,434,561 7,1790.1% University of Mississippi 7,205,986 7,213,850 7,8640.1% University of Southern Mississippi 7,024,078 6,992,956 (31,122)-0.4% Executive Office 9,459,109 10,242,289 783,1808.3% Board Initiatives 2,000,000 2,050,000 50,0002.5% Total Institutes & Centers $ 33,652,214 $ 34,469,868 $ 817,6542.4% Special Funds SF - MSU 1,453,422 1,454,761 1,3390.1% SF - UM 1,581,976 1,582,832 8560.1% Total Special Funds $ 3,035,398 $ 3,037,593 $ 2,1950.1% Total $ 36,687,612 $ 37,507,461 $ 819,8492.2%

12. FY 2010 STATE Student Financial Aid Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 30,377,373 $ 31,871,113 $ 1,493,7404.9% Self-Generated Funds 253,778 345,743 91,96536.2% Total Revenue Budget $ 30,631,151 $ 32,216,856 $ 1,585,7055.2% 8/19/2009 12Budget, Finance & Audit Committee

13. FY 2010 Auxiliary Budget Expense Category Expense CategoryFY 2009FY 2010$ Change% Change Salaries $ 34,311,389 $ 35,620,251 $ 1,308,8623.8% Wages 13,381,902 13,249,972 (131,930)-1.0% Fringes 13,333,138 13,602,791 269,6532.0% Travel 6,073,065 5,931,312 (141,753)-2.3% Contractual Services 63,783,216 63,599,659 (183,557)-0.3% Commodities 36,541,600 36,310,516 (231,084)-0.6% Capital Outlay - non Equipment 205,000 106,700 (98,300)-48.0% Capital Outlay - Equipment 2,845,105 2,160,220 (684,885)-24.1% Transfers 29,181,245 35,617,245 6,436,00022.1% Increases in Fund Balance - - -N/A Total $ 199,655,660 $ 206,198,666 $ 6,543,0063.3% NOTE: MSU Athletics are not included 8/19/2009 13 Budget, Finance & Audit Committee

14. FY 2010 Restricted Budgets Restricted FundsFY 2009FY 2010$ Change% Change ASU $ 27,668,320 $ 26,722,395 $ (945,925)-3.4% DSU 12,778,577 14,189,559 1,410,98211.0% JSU 60,302,241 69,940,581 9,638,34016.0% MSU 317,918,266 309,612,688 (8,305,578)-2.6% MUW 12,272,113 14,033,902 1,761,78914.4% MVSU 21,578,880 21,887,021 308,1411.4% UM 161,294,498 157,860,309 (3,434,189)-2.1% USM 133,635,653 150,335,644 16,699,99112.5% Ayers 25,700,000 25,950,000 250,0001.0% Total $ 773,148,548 $ 790,532,099 $ 17,383,5512.2% 8/19/2009 14 Budget, Finance & Audit Committee

15. FY 2010 Scholarship Budget 8/19/2009 15 Budget, Finance & Audit Committee Revenue SourcesFY 2009FY 2010Change Institutions#$#$#$ ASU 857 $ 5,109,437 1,082 $ 5,386,003 225 $ 276,566 DSU 1,400 3,526,380 1,400 3,488,880 - (37,500) JSU 1,995 8,833,413 1,995 8,833,413 - - MSU 4,815 23,000,617 4,815 25,277,990 - 2,277,373 MUW 1,075 2,842,140 1,098 2,918,368 23 76,228 MVSU 685 3,305,690 685 3,479,938 - 174,248 UM 8,508 15,237,890 8,550 15,319,890 42 82,000 USM 4,770 14,939,376 4,900 15,259,723 130 320,347 UMMC 42 126,034 46 165,328 4 39,294 Unallocated# 2,838,610 # 3,036,048 # 197,438 Total Revenue Budget 24,147 $ 79,759,587 24,571 $ 83,165,581 424 $ 3,405,994

16. FY 2010 Athletic Budget AthleticsFY 2009FY 2010$ Change% Change ASU $ 4,486,718 $ 5,321,742 $ 835,02418.6% DSU 2,780,684 2,817,129 36,4451.3% JSU 6,551,000 6,580,000 29,0000.4% MSU 31,800,466 35,922,412 4,121,94613.0% MUW N/A MVSU 3,083,007 3,169,656 86,6492.8% UM 38,170,785 40,129,182 1,958,3975.1% USM 19,085,801 19,300,548 214,7471.1% Total $ 105,958,461 $ 113,240,669 $ 7,282,2086.9% 8/19/2009 16Budget, Finance & Audit Committee

17. FY 2010 Ayers Budget Alcorn State University ASUFY 2009FY 2010$ Change% Change Masters of Business Administration $ 1,579,308 $ 1,572,051 $ (7,257)-0.5% Image Building & Recruitment 133,291 347,226 213,935160.5% Science, Math, Chemistry & Pre- Prof Programs 701,615 414,177 (287,438)-41.0% Masters of Biotechnology 56,213 299,458 243,245432.7% Computer Networking & Science 461,266 388,530 (72,736)-15.8% Nursing 392,128 392,353 2250.1% Family Clinic Program 128,531 131,559 3,0282.4% Teacher Education 636,359 617,559 (18,800)-3.0% Ayers Library 88,250 103,700 15,45017.5% Ayers Technology 173,039 83,387 (89,652)-51.8% $ 4,350,000 $ -0.0% Ayers Endowment Interest $ 354,806 $ -0.0% 8/19/2009 17 Budget, Finance & Audit Committee

18. FY 2010 Ayers Budget Jackson State University JSUFY 2009FY 2010$ Change% Change Urban & Regional Planning $ 701,299 $ 692,262 $ (9,037)-1.3% Business Ph.D. 839,398 839,402 40.0% Social Work 750,522 750,512 (10)0.0% Health Policy & Management 580,788 580,789 10.0% Communicative Disorders 675,641 619,146 (56,495)-8.4% Behavioral & Environmental Health 506,029 501,030 (4,999)-1.0% Epidemiology & Biostatistics 602,749 607,750 5,0010.8% Engineering 493,380 513,205 19,8254.0% Civil & Environmental Engineering 687,349 689,350 2,0010.3% Computer & Telecommunications Engineering 1,026,048 892,746 (133,302)-13.0% Urban Higher Education Ph.D. 425,836 503,366 77,53018.2% Public Service 1,369,250 -0.0% Health Sciences 461,561 457,562 (3,999)-0.9% Teacher Education 658,091 658,094 30.0% Library & Scholarships 1,722,059 1,825,536 103,4776.0% Total $ 11,500,000 -0.0% Ayers Endowment Interest $ 695,242 $ 720,783 $ 25,5413.7% 8/19/2009 18 Budget, Finance & Audit Committee

19. MVSUFY 2009FY 2010$ Change% Change Computer & Information Science $ 583,065 $ 582,816 $ (249)0.0% History 168,252 170,433 2,1811.3% Special Education 261,131 143,680 (117,451)-45.0% Mathematics 538,319 538,028 (291)-0.1% Chemistry 370,060 371,370 1,3100.4% Graduate Special Education 105,343 104,547 (796)-0.8% Masters of Business Administration 684,418 673,727 (10,691)-1.6% Bioinformatics 341,482 336,034 (5,448)-1.6% Educational Leadership 122,935 123,074 1390.1% Institute for Effective Teaching 154,764 153,834 (930)-0.6% Greenwood Ayers Operation 87,481 87,170 (311)-0.4% Distinguished Visiting Professor 49,448 49,503 550.1% Other Race Recruitment 289,693 422,118 132,42545.7% Biology 593,609 593,666 570.0% Total $ 4,350,000 -0.0% Ayers Endowment Interest $ 467,332 $ 470,003 $ 2,6710.6% FY 2010 Ayers Budget Mississippi Valley State University 8/19/2009 19Budget, Finance & Audit Committee

20. Ayers SummaryFY 2009FY 2010$ Change% Change State Appropriation Alcorn State University $ 4,350,000 $ -0.0% Jackson State University 11,500,000 -0.0% Mississippi Valley State University 4,350,000 -0.0% Total $ 20,200,000 $ -0.0% Interest Budget Alcorn State University $ 354,806 $ -0.0% Jackson State University 695,242 720,783 25,5413.7% Mississippi Valley State University 467,332 470,003 2,6710.6% Total $ 1,517,380 $ 1,545,592 $ 28,2121.9% FY 2010 Ayers Budget Summary Information 8/19/2009 20Budget, Finance & Audit Committee

21. Recommendation Staff recommends approval of the FY 2010 Operating Budget 8/19/2009 21 Budget, Finance & Audit Committee