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Budget and Tuition Update

Budget and Tuition Update. Dr. Les Wong, President Mr. Gavin Leach, Vice President for Finance and Administration. Overview. Budget and Appropriation History General fund resources Appropriation funding history Budget history Total costs Staffing efficiency Rising utility costs

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Budget and Tuition Update

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  1. Budget and Tuition Update Dr. Les Wong, President Mr. Gavin Leach, Vice President for Finance and Administration

  2. Overview • Budget and Appropriation History • General fund resources • Appropriation funding history • Budget history • Total costs • Staffing efficiency • Rising utility costs • General Fund Projected Budget Adjustments and Roadmap Initiatives • Tuition and Fees Summary and Alternatives

  3. Budget and Appropriation History

  4. Total General Fund Revenues * This graph displays total resources net of scholarship costs and does not include one-time carry-over balances.

  5. Appropriation Appropriation History (shown in 000,000s) Appropriation History (shown in 000,000’s) * FY2003 appropriation after both Executive Orders and the State Supplemental

  6. Appropriation per FYES

  7. Budget Reduction History • General Fund budget cuts/operational savings/ reallocations of $13.8 million since 2003 • FY2003-04: $6.5 million • FY2004-05: $2.8 million • FY2005-06: $1.5 million • FY2006-07: $3.0 million • FY2007-08: $1.3 million • Organizational efficiency – consolidation of organization structure and increased productivity = lower cost • 5 vice presidents to 2 • 5 academic colleges to 3 • NMU faculty and staff are the most productive among the 15 public universities (student-to-staff ratio)

  8. NMU Total Cost per FYES History • FY1997: $9,868 (10 years) • FY2002: $10,481 (5 years) • FY2007: $11,091 • Total costs per student increased a total 12.4% over the past 10 years or an average of 1.2% per year since 1997 • The CPI over this time period increased by 29.2%

  9. Productivity: Student-to-Staff Ratios • NMU has the best overall staffing efficiency ratios of the Michigan public universities • Productivity (student-to-staff ratio) 32.5% greater than state average • Productivity increase of 13.3% over past 5 years (average increase of 2.6% per year) Productivity* Staffing TypeRank Administrative #1 Faculty #1 Service #4 Total #1 * Based on number of students divided by the number of staff.

  10. Utilities: Continued rising costs • FY1997: $2,542,210 (10 years) • FY2002: $3,207,992 (5 years) • FY2007: $4,888,480 • Total utility costs have increased a total 92.3% over the past 10 years or an average of 9.2% per year since 1997 • The CPI over this time period (Dec CPI) increased by 29.2%

  11. General Fund Tuition and Budget Considerations Fiscal Year 2008 – 2009

  12. General Fund Tuition and Budget Considerations for FY2008-2009 • Maintain quality, access, and affordability • Inflation • Competitive tuition with our peers • Roadmap initiatives • Appropriation (1% increase) • Continued cost containment measures • Potential mid-year reductions in appropriation • The continuing decline in the Michigan economy • Enrollment (projected 0.7% to 1.0% decrease)

  13. CPI (Consumer Price Index)

  14. Tuition and Fee Guideline • Initial tuition guideline benchmark is consumer price index plus 1% (for initiatives) • Consumer Price Index (CPI): 2.8% • CPI + 1%: 3.8%

  15. Tuition and Fee Rate Comparison Fiscal Year 2007-2008 Annual resident undergraduate tuition and fee rates *CMU Freshmen rate is $9,120 *FSU freshmen rate is $8,460 Source: Michigan President’s Council Report on Tuition and Fees for FY2007-08

  16. Tuition and Fee Rates Fiscal Year 2008-2009 Annual resident undergraduate tuition and fee rate adjustments * Based on media reports ** Per semester increase is based on applying percentage increase to tuition and fees as reported in the Michigan President’s Council Report on Tuition and Fees for Fiscal Year 2007-08 and/or media reports

  17. Roadmap Initiatives for FY2008-09

  18. Tuition Guideline (Fiscal Year 2008-2009)

  19. Annual Undergraduate Tuition and Fee Rates (Fiscal Year 2008-09)

  20. Annual Graduate Tuition and Fee Rates (Fiscal Year 2008-09)

  21. Base Adjustments for FY2008-09

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