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7/14/2011 2

ProposedUniversityOperatingBudgets

FiscalYearEndingJune30,2012

July14,2011

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Central Michigan University is a strong institutionand is committed to:

Ensuring quality student learning

Increasing retention and graduation rates

Preparing students for success after graduation

Increasing student financial aid

Attracting and retaining highly talented, dedicatedfaculty/staff and students

Investing in future academic programs and capital

projects

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2000-01 Appropriations Per FiscalYear Equated Student (FYES)

$10,958

$9,674$9,248

$8,017

$6,931

$6,094

$5,228 $5,115$4,788

$4,629 $4,617

$4,351 $4,305 $4,063 $3,808

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

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2010-11 Appropriations Per Fiscal

Year Equated Student (FYES)

$3,658

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

Same buyingpower as

$2,867 in 2001

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Michigan Public UniversitiesTuition Comparison Undergraduate

FALL 2010 FTIAC TUITION CREDIT HOUR RATES

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Michigan Public UniversitiesTuition Comparison Undergraduate

FALL 2011 FTIAC UNIVERSITY TUITION CREDIT HOUR RATESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%

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201112CMUMichiganResident

UndergraduateTuitionRates

Fall 2010-11 undergraduate rate: $346/credit hour

Fall 2011-12 proposed undergraduate rate:

Dollar & PercentIncrease

Rate PerHour

$12 ~ (3.47%) $358

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Note: Does not apply to current students who are still coveredunder The CMU PromiseTM 2,118 students

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Michigan Public UniversitiesTuition Comparison Undergraduate

FALL 2011 UNIVERSITY FTIAC ANNUAL TUITION & FEESAPPROVED RATES IN GREEN AND OTHER IN RED @ 7%

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Note: The effective total annual cost for CMU including The CMU PromiseTM cohort for Fall 2011 equals $10,416

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TuitionIncreases

9

University Tuition %

GVSU* 7.00%

NMU* 7.00%

OU7.00%

MTU 6.95%

LSSU 6.94%

MSU 6.90%

SVSU 6.90%

UM - D 6.90%

WSU 6.90%

UM - F 6.80%

UM - AA 6.70%

WMU 6.66%

FSU 5.14%

EMU 3.65%

CMU 3.47%

* Universities modeled @ 7%

FY 2011-12 Tuition Rates

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2011-12 Tuition Rate Percentage IncreasesApproved rates in blue and others in red @ 7%

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FinancialPlan

Declining state appropriations Plan decreased student enrollment 2.1%

Financial aid investment- $3.8M: 9.1% increase from 2010-2011

Infrastructure investments - $2.7M Additional tenure-track faculty investment- $2.2M

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CMUFinancialAid $39.5M of CMU funds are invested in student financial aid

Centralis Scholarships Multicultural Recognition ScholarshipsGrad Fellowship Grants Board of Trustees Academic ExcellenceCMU Grants CMU 3.5 Scholarships

Michigan Indian Tuition Grants

Additional $3.8M funds invested for FY 2011-12 Increased BOT Academic Scholarships - $200,000 (23%)

Increased CMU grants (need based aid) - $2M (37%); $1M directed atjuniors and seniors

Increased study abroad scholarships - $76,000 (76%)

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CMUFinancialAidcontinued:

Created new scholarship grants:

CMU Access Grants for 1st generation students - $650,000

Distinguished student awards - $895,000

Continue $320,000 in work study funds to replace funds eliminated byState of Michigan

Overall approximately two-thirds of CMU undergraduate students

receive financial aid

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BudgetAssumptions

Revenue:

Decreased state appropriation funding by $12M, in additionto several years of previous reductions

$22M total since 2002 Planned decrease in undergraduate student enrollment,

2.1% Modest undergraduate resident tuition increase, 3.47%

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BudgetAssumptions

Expense: $12M expenditure reduction (2011-12 - $9M base and $3M one-time;

2012-13 - $3M base first quarter) Reduced 25.55 FTE vacant positions

Personnel Management Campus wide position management Continue savings from outsourcing services Vacant position eliminations

Supplies & Equipment

Continued emphasis on conservative fiscal spending Utility budget remains stable for the third year based on existing square

footage

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BudgetAssumptions

Expense continued:

Expense Reduction Plan

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Spring 2010 Budget Decision: $5,210,550

Spring 2011 Plan:Central Administration Division $1,000,000

Academic Affairs Division 1,889,450

Finance & Administrative Services Division 700,000

President's Division 100,000

Development & External Relations Division 100,000

Total: 3,789,450

Sub-Total $9,000,000

2012-13 Plan: 3,000,000

Total University Budget Reductions $12,000,000

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Proposed201112University

OperatingBudget

ProposedRevenueSchedule

TotalUniversityOperatingBudget

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2010-11 2011-12

Approved Proposed

Unrestricted General Unrestricted General

Fund Budget Fund Budget

RevenueNet State Appropriations $80,064,200 $68,079,200

Tuition and Fees - On Campus 189,691,837 204,596,263

Tuition and Fees - ProfEd 42,988,417 46,848,546

Departmental Activity 13,410,286 14,079,203

Total Revenue $326,154,740 $333,603,212

2010-11 2011-12

Approved ProposedNon-General Non-General

Fund Budget Fund Budget

Revenue

Parking Services 2,734,000 2,734,000

Residences and Auxiliary Services $71,560,509 73,872,194

Telecommunications 5,447,995 5,695,330

Athletics 6,106,632 6,431,011

Events Center* N/A 150,000

Public Broadcasting 3,906,675 3,913,525University Health Services 1,992,872 2,030,073

University Recreation* N/A 737,999

Total Revenue $91,748,683 $95,564,132

*Part of General Fund in 2010-11

Non-General Fund

Central Michigan University

General Fund with ProfEd

Proposed Revenue Schedule

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Approved Proposed

2010-11 2011-12University Budget University Budget

Revenues

General Fund $326,154,740 $333,603,212

Non-General Fund 91,748,683 95,564,132

Total University Revenues $417,903,423 $429,167,344

Expenditures

General Fund $326,154,740 $333,603,212

Non-General Fund 91,748,683 95,564,132

Total University Expenditures $417,903,423 $429,167,344

Total Net Revenue/Loss $0 $0

Note: General Fund includes subsidy to non-general fund areas

Central Michigan University

2011-12 University Budget

Revenue and Expenditure Summary

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Recommendations Undergraduatetuition

AppliestoalloncampusMichiganresidentundergraduatestudentsexcept

thosestillonTheCMUPromiseTM

Adopt201112OperatingBudgets

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Questions/Comments

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