Transcript Slide 1
FY11 Budget Snapshot budget.missouri.edu MU Funding Sources Fiscal Year 2011 General Operating Funds Designated Fees Restricted Appropriations Gift & Grant Income “Enterprise” Operations* Total Revenue *See the following slide for detail $488,385,948 26.1% 63,968,267 3.4% 65,876,509 3.5% 233,271,538 12.5% 1,020,538,787 54.5% $1,872,041,050 “Enterprise” Operations Hospitals & Clinics University Physicians University Stores Residential Life Athletics Campus Dining Vet Medicine Clinical Services Research Reactor KOMU Agriculture Parking College of Ed Services Medical Contracted Services Continuing Education Other < $3M $624,493,497 137,758,124 49,962,271 38,949,042 35,489,004 24,765,917 20,864,130 10,162,436 9,747,000 8,329,236 7,865,000 6,728,184 4,143,724 3,394,800 37,886,422 $1,020,538,787 61.2% 13.5% 4.9% 3.8% 3.5% 2.4% 2.0% 1.0% 1.0% 0.8% 0.8% 0.7% 0.4% 0.3% 3.7% MU Funding Sources Total: $1.9 B General Operating 26% Designated 3% Enterprise Operations 55% Restricted 16% “Enterprise” Operations - $1,020M Hospitals and Clinics University Physicians Athletics Bookstore Housing and Dining Services General Operating - $488M Tuition State support Grant and contract overhead Restricted - $299M Restricted appropriations Grant and contracts Gifts Endowment distributions Designated - $64M Extension Tuition ITF, Health & Activity fees College Course fees MU General Operating Sources Total: $488M General Operations: Core budget for on-campus teaching and support services State Appropriations $179M G&C Overhead $35M Tuition $273M Enterprise Operations Designated Fees Gifts & Grants Restricted Appropriations General Operating State Support Tuition Change in General Operating Funding Sources 100% 27% 90% 80% 70% 56% 60% 50% 40% 70% 30% 20% 3% 37% 10% 0% 7% State Support Falls Short of Inflation 2001-2010 Inflation & Enrollment Adjusted Inflation Adjusted millions 350 325 300 275 250 225 $193M 200 175 150 125 100 75 50 25 0 2001 2002 Actual Received $319M $130M $245M $189M Since 2001: $728M 2003 2004 2005 2006 2007 2008 2009 2010 State Tax Appropriations to Higher Education in Missouri FY 2010 National Comparison* • Appropriation per Capita Ranking – 2008 - 47th – 2009 - 45th – 2010 - 41th 22 8 30 41 20 17 16 26 11 *Information obtained from the Grapevine Report published by Illinois State University The Mizzou Impact • Education • Health Care • Economic Development • Athletics The Mizzou Impact • Education – In fall 2010 MU welcomed 32,000 students – One of six public universities with medicine, veterinary medicine, law, engineering & agriculture all on one campus – Two-thirds of Missouri veterinarians and a fifth of Missouri attorneys are Mizzou graduates – Ninety-two percent of College of Education graduates stay in Missouri – The National Science Foundation has recognized MU nationally as a top 10 university for successfully integrating research into undergraduate education The Mizzou Impact • Health Care – More Missouri physicians have received their medical degree from MU than from any other university – University of Missouri Health Care has more than 6,000 professionals who care for patients from every county in Missouri – In fiscal year 2009 the University of Missouri Health Care System provided nearly $37 million in uncompensated care – Eighty-seven percent of MU nursing graduates stay in Missouri The Mizzou Impact • Economic Development – MU brings in $370 million of federal funding creating an annual impact on the state of over $740 million – MU’s weekly payroll exceeds $16 million – Construction spending • Average $200M annually • Currently over $400M in progress or in design/planning – Attendance at MU athletic events generated over $25 million in revenue and $1.8 million in sales tax The Mizzou Impact • Athletics – – – – – 15 of 20 teams in NCAA postseason play 10 teams had a 3.0 or higher GPA 217 student athletes (46%) had 3.0 or higher GPA Overall GPA of all student athletes was 2.8 Graduation success rate of 75% Budget Snapshot budget.missouri.edu