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Mason Nation
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MASON IN THE SPOTLIGHT
150 Under 50 Rankings 2016
The Times Higher Education 150 Under 50 Rankings 2016 is a ranking of the top 150 universities under 50 years old.
It celebrates young universities that have made a great impact on the global stage in years rather than centuries and showcases the future rising university stars.
George Mason University ranked 59 GEORGE MASON UNIVERSITY 3
#14 in Most Innovative Schools
#95 Best Colleges for Veterans
#143 in National Universities
George Mason ranked 16 on the list of 50 Most Underrated Colleges in America by Business Insider
#OPENING SOON
4
Open in Arlington!
GEORGE MASON UNIVERSITY
Mason Growth
2200024000260002800030000320003400036000
FY 2000 FY 2007 FY 2017(Fall 2016)
Enrollment
110
120
130
140
150
160
FY 2000 FY 2007 FY 2017
Total Buildings
0
200
400
600
800
1000
FY 2000 FY 2007 FY 2017
Total Budget($ in millions)
1000200030004000500060007000
FY 2000 FY 2007 FY 2017
Number ofResidential Beds
GEORGE MASON UNIVERSITY 5
Mason Transfer Students ROI is even better!
GEORGE MASON UNIVERSITY 6
GEORGE MASON UNIVERSITY 7
Strategic Planning
GEORGE MASON UNIVERSITY 8
Fundraising: Total Gifts and Pledges
GEORGE MASON UNIVERSITY 9
$21.9
$30.5$34.2
$49.9
$32.4
$41.6$46.9
$54.3
$70.8
$98.3
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016dollars in millions
GEORGE MASON UNIVERSITY 10
FY 2017 and FY 2018Operating and Capital Budget Update
AA- Aa3
A+ A1A A2A- A3
BBB+ Baa1
GEORGE MASON UNIVERSITY 11
STABLE FINANCIAL RATINGS IN 2017
January 2017Received Two Ratings
GMUF’s Prince William Lab LLC
Refunding Bonds!
Operating, $138.6
Financial Aid, $22.3
Capital Improvements, $57.8
Mason Capital Funds, $5.0
Tuition, $353.3Mandatory Student
Services & Activity Fees, $83.9
Room & Board, $70.2
Contracted Services, $32.8
Community & User Service Fees, $84.9
Sponsored Research, $104.7
Philanthropic Activities, $45.0 One Time, $2.5
Pressure: AnticipatedBudget Cuts
FY 2017 REVENUE BUDGET $1.0B
pie chart in millions
Enrollment Related Fees, 51%
All Other Activities, 27%
Capital
VA State Funding, 22%
12GEORGE MASON UNIVERSITY
Educational & General, $514.8
One-Time Funding, $2.5Student Services & Activity Fees, $83.9
Room & Board, $70.2
Financial Aid, $22.3
Capital Improvements, $58.4
Research Contracts & Grants, $104.7
Community & User Services (Non E&G),
$66.4
Contracted Services, $32.8
Foundation Support for Mason, $45.0
FY 2017 EXPENSE BUDGET $1.0B
pie chart in millions
Enrollment Related, 69%All Other
Activities, 25%
Capital, 6%
13GEORGE MASON UNIVERSITY
General Fund $8,294 $9,088 $7,397 $7,209 $6,391 $7,676 $5,854
In-State Tuition 15,810 13,515 10,941 10,989 6,348 $11,521 $8,204
Total 24,104 22,603 18,338 18,198 12,739 19,197 $14,058
Mason percent of average is 73% of total
Doctoral Average
w/o Mason
STATE FUNDING DISPARITY
General fund estimate is based on SCHEV FTE projection in the 2B report, numbers for all institutions will change with actual revised numbers for FY 2017
STATE FUNDING DISPARITY
GEORGE MASON UNIVERSITY 14
LONG TERM FINANCIAL SHIFT FROM TAXPAYER TO STUDENT
67%
28%33%
72%
0%
10%
20%
30%
40%
50%
60%
70%
80%
George Mason UniversityGeneral Fund vs. Tuition and Other as a Percent of the E&G Budget
State Appropriations Tuition & Other67%
33%
1985
57%43%
2000
28%
72%
2017
**FY 2018**Commonwealth
Revenue Shortfall
15GEORGE MASON UNIVERSITY
Examine the Base: Efficiency & Effectiveness MeasuresDebt Deauthorization: 4 Year Total $230M
Partial List Fairfax Concert Hall $41.1MHousing IX $41.1MEconomics Building $30.7MParking Deck IV $27.2MSW Campus Dining $14.6M
Asset ReutilizationMason Inn Conversion Historical Loss $12MMason Hall Phase I & II Cost Avoidance $13MScience & Technology CampusBroadlands Properties TBD
Base Budget Reductions & Reallocation 5 Year Total $33.1M
No Added Debt FY 2015, 2016, 2017 $0
FY 2
013
-201
7
GEORGE MASON UNIVERSITY 16
*Commonwealth budget revisions after appropriations
Mason Priorities
Increase Student Financial Aid
Attract & Retain Top Talent
Multidisciplinary Research Institute for Biomedical
Innovation
Career-ready graduates with equitable resources to
support enrollment growth
Governor’s Amended FY 2018 Budget
Increase undergraduate financial aid $3.1M
1.5% One-Time Bonus
Block Grant - $1.25M for IBI Initiative
-$9.3M budget reduction ($8.0M on-going and $1.3M
one-time)
HouseAmended FY 2018
Budget
Increase undergraduate financial aid $3.1M
3% Faculty and Classified Staff Salary Increase
(1/6 GF, 5/6 NGF)
Block Grant - $1.25M for IBI Initiative
-$6.3M budget reduction on-going
Senate Amended FY 2018
Budget
Increase undergraduate financial aid $3.1M
2% Faculty Salary Increase and 3% Classified Staff
Salary Increase
Block Grant - $1.25M for IBI Initiative
-$9.3M budget reduction ($8.0M on-going and $1.3M
one-time)
FY 2018 PROPOSED BUDGET AMENDMENTS
GEORGE MASON UNIVERSITY 17
TODAY’S NEWS
Commonwealth of VirginiaOffice of Governor Terry McAuliffe
Governor McAuliffe Announces January 2017 General Fund Revenue Collections Up 7.4% From The Previous Year And Fiscal-Year-To-Date Collections Up 4.6%
~ Payroll Withholding and Sales Tax Collections Accounted for the Gain ~
Effects on FY 2018 Budget are yet to be determined
More information in 2-4 weeks
GEORGE MASON UNIVERSITY 18
19
Capital Construction Funding – Robinson Hall
Capital Construction Funding – Utility Infrastructure
Capital Planning Funding – Telecom IT Infrastructure
Financial Autonomy – Pilot program for increased financial flexibility similar to Level 3 institutions
PROPOSED BUDGET – OTHER ITEMS OF NOTE
GEORGE MASON UNIVERSITY
GEORGE MASON UNIVERSITY 20
Diversification of Revenue Streams
Faster Farther Campaign and the Future of Fundraising
Tuition Pricing Strategy
Student Enrollment and Retention
Commonwealth Base Budget Cuts
Capital Infrastructure – Prioritize• Robinson Hall• Utility Infrastructure
MASON’S STRATEGY – FY 2018 - 2020
All options have to be on the table……
GEORGE MASON UNIVERSITY 21
Opportunities Abound
KEY TAKE-AWAY’S
GEORGE MASON UNIVERSITY 22
DONE IS BETTER THAN PERFECT
GEORGE MASON UNIVERSITY 23
FABULOUS FAILURES
GEORGE MASON UNIVERSITY 24
Life is short, be happy.
Find the value in each of us.
Pay it forward.
Learn from mistakes.
…is an Amazing University –transforming students’ lives everyday
…has Faced Headwinds before –together we will meet the challenge
…fosters Open Communication/Collaboration –in pursuit of excellence in education
GEORGE MASON…