General Fund FY10 Overview Tuition Update

7/31/2019 General Fund FY10 Overview Tuition Update

http://slidepdf.com/reader/full/general-fund-fy10-overview-tuition-update 1/10

EASTERN MICHIGAN UNIVERSITY

Budget Overview

Education First

http://www.google.com/imgres?imgurl=http://www.logan.edu/ImageUploads/logos/emu.gif&imgrefurl=http://www.logan.edu/SubPages.aspx?pID=153&mhID=148&splpID=20&h=108&w=175&sz=6&tbnid=Cp8lDsKlAzDvBM:&tbnh=62&tbnw=100&prev=/images?q=EASTERN+MICHIGAN+UNIVERSITY+LOGO&usg=__mlU43KRjeBDVkEZixpp-fA6MHJ0=&ei=Fe44SqP-FaDoMMXN1ZUN&sa=X&oi=image_result&resnum=4&ct=image



EMU’s Operating Budget has four major sources

of revenue…. and four fund categoriesGeneral Fund

Funding comes from:•Tuition & Fees

•State Support•Misc. Other

Funding pays for:•Instruction•Administrative

Services andSupport

•Facility Operations andMaintenance (ExceptAuxiliary Facilities)

•Campus Activities

Auxiliary Funds

Self supporting businessand service entities:•Student Housing•Student Dining•Eagle Crest•University Parking

•Apartments•Other Activities

Expendable RestrictedFunds

Funds where use isspecifically designated by

supporting agencies ordonors:•Financial Aid pass through

to students ($22M)•Research Grants and

Contracts ($15M)•Gifts ($3M)

Designated Funds

Funds where usedesignated by university

policy to the revenuegenerating activity:•Athletics Game Guarantee

Revenue•Indirect Cost Recoveryfrom Grants and Contracts

• Conferences, Workshops,and Camps

GeneralFund

$267.7M76%

Auxiliary$38.5M11%

ExpendableRestricted

$40.0M11%

Designated$5.0M2%

Sources of EMU Revenue

Total FY10 Budget: $351.2 Million

2



What are the Sources of General Fund Revenue?

General Fund support primarilycomes from:

Tuition and Fees State Allocations

But also includes Other Revenue:

Investment Income

Athletics-Related Revenue Indirect Cost of Sponsored Research

StateAppropriations

$76.2M29%

Tuition &Fees

$185.0M69%

Other Income$6.5M

2%

Sources of General FundRevenue


3



What are Uses of General Fund Revenues?

General Fund Pays For: Instruction and Academic Support

◦

Faculty, Lecturer’s Salaries and Benefits◦ Academic Affairs Staff Salaries and Benefits

◦ Academic Extended Programs

◦ Library Collections

◦ Student Help/Graduate Assistants

◦ Academic Affairs Equipment and Supplies

Administrative Support and Campus Activities)◦ Information Technology

◦ Public Safety

◦ Human Resources, Legal, Finance

◦ Admissions

◦ Advancement, Marketing, Alumni Relations

◦

Student Affairs

◦ Intercollegiate Athletics

Facility Operations, Maintenance, and DebtService (Excluding Auxiliary Facilities)

EMU-Sponsored Student Financial Aid

Financial Aid$25.6M

10%

Instr. &AcademicSupport$140.0M

52%

FacilitiesRelated$34.3M

13%

Admin.Support/Cam

pus Activites$67.8M

25%

Uses of General FundRevenue


4



What is the Make Up of General Fund Costs?

67 cents of each $1 is for “People”costs:

◦Employee Wages and Salaries

◦ Fringe Benefits

◦ Student Employment

11 cents of each $1 is for:

◦ Services, Supplies, and Materials (SS&M)


◦ EMU-Sponsored Financial Aid


◦ Utilities and Debt Service

5 cents of each $1 is for:◦ All Other expenses (travel, equipment, etc.)

5



Revenue Trends

Declining State Support and Rising Tuition and Fees

In 2001, state support

accounted for over half (54%)

of EMU’s General Fund

revenues.

Since 2001, state support to

EMU has declined 14% (from

$88.8M to $76.2M)

In 2010, state support willaccount for 29% of General

Fund revenues.

6

0%

10%

20%

30%

40%

50%

60%

70%

80%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

State Appropriations vs. Tuition and Fees

State Support

Tuition and Fees

71%, $185.0M

29%, $76.2 M

46%, $75.7M

54%, $88.8M



With more of the burden shifted to tuition and fees, the challenge is tocontinue to offer a first class education at an affordable price.

EMU is meeting thechallenge!

◦

Of Michigan’s 15 publicuniversities, 10 aremore expensive thanEMU with 4 lessexpensive.

◦ EMU’s Fall 2009 Tuitionand Fees increase at3.8%, is by far thelowest of the 15.

◦ University sponsoredfinancial aid for FY10 isincreased 8% (on topof a10% increase inFY09).

7

U-M AA MTU MSU CMU FerrisU-M

DearbrnOakland WMU Wayne GVSU EMU LSSU U-M Flint NMU SVSU

T&F 11,659 11,347 10,930 10,170 9,480 8,900 8,780 8,682 8,642 8,630 8,377 8,284 8,279 7,454 6,900

2009% 5.6% 5.5% 6.5% 4.6% 5.3% 6.7% 9.0% 5.5% 6.6% 5.3% 3.8% 4.9% 6.5% 5.3% 6.3%

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Annual Cost

(30 Credit Hours)

Resident Undergrad tuition and Mandatory Fees

( Fall 2009)



What are Auxiliary Activities?

Auxiliary activities are stand-alone self-supporting business and serviceactivities:

• 12 distinct activities, although StudentHousing and Dining account for 71%of annual revenue. Activities include: Dining

• Housing

• Eagle Crest

• Univ. Parking

• Univ. Apartments

• Health Services• Children’s Institute

• Convo/Pease

• Rec/IM

• ECHO

• SEEUS

• Licensing

• Auxiliary activities internally fundcapital, facility operations andmaintenance, improvements, and debtservice.

• Auxiliary activities pay fee to GeneralFund for services received.

Eagle Crest$2.8M

7%

Parking$2.7M7%

Apartments$2.5M

6%

Other$3.1M9%

Dining$14.8M

38%

Housing$12.6M

33%


Auxiliary Revenues

8



Investing in Our Future

EMU’s Capital PlanIn addition to the operating budgets,

EMU has an annual capital budget:

FY10 capital budget of $81.6M withplanned investment of $175M over the next3 years.

Unprecedented level of investment -- MarkJefferson Science Complex ($90M) and

Pray-Harrold ($42M) largest projects; Alsosignificant investments in housing facilities,other campus facilities, and energy savings.

Funding has been secured for projects:

◦ Mark-Jefferson (100% EMU funded-bond issues May 2009)

◦ Pray-Harrold (State 75%, EMU 25%)

(In Millions)

2009-10 Budget Percent

Capital Expenditures Amount of Total

Academic Facility Enhancements

Mark Jefferson Science Complex ($90M Project) $ 40.7

Pray-Harrold ($42M Project) 10.5

Other (Fletcher Acquisition, Halle) 2.3

Total Academic Facility Enhancements $ 53.5 66%

Housing Facility Enhancements

First Year Center Windows $ 3.1

Brown-Munson Windows 1.8

Pittman Renovation 1.6Other (Resnet Wireless) 0.6

Total Housing Facility Enhancements $ 7.1 9%

Other University Facility Enhancements

Athletics-Related (Indoor Facil ity, Rynearson Scoreboard) $ 3.4

Other (Eagle Crest, McKenny, Signage) 0.8

Total Other University Facility Enhancements $ 4.2 5%

Infrastructure, Asset Preservation, Energy Savings

IT Infrastructure $ 3.2

DC-3 Complex Boiler Plant 2.4

Wise Hot Water System 2.2

Parking-Related 0.5

Mass Enunciation 0.9

Other Asset Preservation (30 Projects) 7.6

Total Infrastructure, Asset Preservation, Energy Savings $ 16.8 20%

Total Capital Expenditures $ 81.6 100%

9



Questions or Comments?

This overview is an attempt to further enhance the understanding,

campus-wide of EMU’s budgets and financial position. Overview posted on EMU’s website:

http://www.emich.edu/budget

http://www.emich.edu/busfin

Other budget and financial information available: http://www.emich.edu/busfin

Tell us what you think: John Lumm, Interim Chief Financial Officer [email protected]

Jason Broge, Exec. Director, University Budget [email protected]

Veda Jenkins, Assoc. Director, University Budget [email protected]

10


mailto:[email protected]

mailto:[email protected]


Documents

General Fund FY10 Overview Tuition Update