UM Website Steering Committee

1
BUDGET HIGHLIGHTS UM SYSTEM OFFICE OF BUDGET
AND PLANNING
2
UM SYSTEM BUDGET DEVELOPMENT

• System Administration Roles
• Planning and policy guidance
• Allocation agent for state appropriations
• Preparation of consolidated operating budget
• Preparation of consolidated appropriations
  request
• Monitor system-wide performance
• Accountable to Board
• Campuses Roles
• Control of self-generated revenues
• Control of internal allocation of funds
• Develop and implement campus budget
• Monitor campus performance
• Accountable to the President

3
UM SYSTEM BUDGET CALENDAR

• Multi-Year Budgeting
• During a calendar year, the University plans and
  administers budgets that span three fiscal years
• Current Year (FY2008)
• Next Year (FY2009)
• Future Year (FY2010)
• Distinct planning and administrative activities
  are associated with each budget year.

4
The Budget Timeline

• Analyses of prior year and current year
• Enrollment, programmatic staffing projections
• Development Approval of Budget assumptions
• Revenue and expenditure projections
• Distribution of Budget instructions
• The departmental budget request
• School/college/division review and request
• Campus level review
• Preparation of the detailed budget
• Board review and approval
• State appropriations process (public only)
• Implementation

5
The Budget Timeline for Board

• January
• Preliminary Assumptions on the Operations Fund
  for Tuition Decisions
• Approve Housing, Activity, and Facility Fees
• March/April
• Preliminary Operations Budget Review
• Approve Salary Wage Principles
• Approve Tuition and Other Enrollment Fee Rates
• May/June
• Approve Operations and Current Fund Budget at
  Summary Level
• Review Appropriation Request
• July
• Approve Operations and Capital Appropriation
  Requests
• Review Capital Budgets
• September
• Receive Complete Budget Document
• Periodic
• Review Budget to Actual Reports

6
University of Missouri Recurring State
Appropriations FY1998-2008
(Est)
(Est.)
(Est.)
7
State Appropriations History


8
History of State Appropriations 2001 - 2008
99,217,093 Funding gap
(1) National Consumer Price Index using fiscal
year (June) FY2008 Estimated (2) Recurring
State Appropriations for University of Missouri
General Operations
9
State Appropriations K-12 Versus University of
Missouri
Source Dr. Michael Podgursky
10
Gross Student Fees State Appropriations as a
Percent of the Operating
Budget
11
10 Year Change in Tuition
12
University of Missouri Enrollment Trends
estimated
13
University of Missouri
Source MDHE Statistical Summary
14
State Appropriations per FTE Student
10,462
8,534
Note Includes appropriations for Cooperative
Extension and Ag Experiment Station
15
Comparison of Increases in State Appropriations
and Tuition Rates (10 Years)
16
Percentage Increases in State Appropriations and
Tuition Rates (30 Years)
17
(No Transcript)
18
FY 2008 Budget Changes
19
FY2008 Current Funds Revenue Budget2.3 Billion
20
FY2008 Current Funds Revenue Budget2.3 Billion
13.4
Other includes Continuing Education, Service
Operations and Self Insurance Funds
21
FY2008 Unrestricted Current Funds Revenue Budget
2.0 Billion
13.4
22
FY2008 Restricted Current Funds Revenue
Budget299 Million
13.4
23
FY2008 Current Funds Sources 2.3 Billion
24
FY2008 Current Funds Sources Budget and Actual
25
FY2008 Current Funds Sources by Fund Type
26
FY2008 Current Funds Budget Uses
FY2008 Operations Funds Budget Uses
27
FY2008 Current Funds Expenditure Budget by
Program Classification
28
FY2008 Current Funds Expenditure Budget Budget
and Actual
29
FY2008 Current Funds Expenditure Budget by Fund
Type