Review of Undergraduate and Graduate Program Costs and Revenues
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- Mark Baldwin
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1 Review of Undergraduate and Graduate Program Costs and Revenues October 28, 2005 Committee Members: Richard Elenich Dan Greenlee Amy Hughes Sue Laajala Bill Predebon Kurt Pregitzer Dave Reed Marilyn Vogler
2 Background and Summary The costs of operating a Graduate School within the University have been discussed by senior administration several times. The President s office determined that, in order to fully investigate the costs of operating a Graduate School, we needed a balanced committee approach. He also felt it necessary to give the committee a very general charge. An ad hoc committee i was formed in the summer of 2004, and charged to determine the costs and benefits of graduate education. It became clear that graduate education could not be examined in an isolated vacuum, and the committee undertook an analogous examination of undergraduate programs. Through extensive discussion and review of various data sets, the committee has developed a model for allocating University revenues and expenses between graduate/research and undergraduate programs. Two sources of revenue are peripheral to the basic model - State appropriations and the Michigan Tech Fund. The model allocates State appropriations according to a variety of parameters, but it is kept separate, so as not to cloud funds that are more directly related to revenues and expenses. Michigan Tech Fund dollars were not allocated in this model. Though the charge was to determine the costs and benefits of graduate education, the committee did not explicitly discuss intangible costs and benefits - for example, institutional identity. Compliance with institutional mission was, however, implicit in determining scenarios for allocating state funds. Recognizing that there is no single way to conduct such an analysis, scenarios were generated to produce bounds of high and low estimates. Generally, the results demonstrate that either graduate education/research generates a positive cash flow, while undergraduate education generates a negative cash flow, or that graduate education/research generates a lesser negative cash flow than does undergraduate education. In only two of the six scenarios was this trend reversed - both under a model that allocated state funds according to total expenditures. When per student net income was considered, the same patterns held. Problem Definition Though the committee began by focusing on revenues and expenses related solely to graduate education, the discussion quickly expanded to less obvious resources. It moved first to generating a model that could be used for other facets of the University s budget, e.g., auxiliaries, facilities, or undergraduate education. This point was surpassed in favor of developing a single model that allocated all revenues and expenses to two categories: undergraduate education and graduate education/research. This focus developed from two conclusions: 1) the University s primary purpose is education, and all expenses are related to that end in some way, and 2) research and graduate education are inseparable. 2
3 The model was used to generate results for two years: FY and FY However, MTU radically changed the way tuition is assessed with the school year, and the committee had to decide how to bring consistency to data that overlapped assessment methods. Determination of Model Parameters With minor discussion, most expenses and revenues were allocated cleanly between the two categories. For example, funding expenses of teaching assistants from the general fund were allocated to the undergraduate side, based on the determination that these funds were expensed primarily for educating undergraduate students. As might be expected, the major expense - and the one most subject to variability in allocation - is faculty salaries. The model therefore allows for varying distribution of faculty salary, based on several weighting factors: section credits, tuition weighted student credit hours ii, and faculty effort distributions iii and student credit hours. A major concern was bringing consistency to the data, given the overlap of expense assessment methods. The committee decided to incorporate the following: enrollment data for fall 2002 and fall 2003 (headcount & FTE), tuition weighted student credit hours for , applied to both years headcount, estimated faculty effort for with FY & FY actual student credit hours, due to change in tuition assessment, tuition weighted student credit hours is not consistent between the two years enrollment iv, and faculty effort distributions for all departments are available only for the year, and were not available for prior years. Effort distribution, however, is likely to be fairly consistent, and thus it was felt the current distribution could be combined with actual student credit hours for the fiscal years to give a reasonably accurate picture of faculty effort. 3
4 The allocation of State funds remains an open question. Two allocation methods were considered. The first is based on the assumption that MTU receives its State appropriation to complete its mission, and that faculty effort distribution reflects the appropriate relative allocation of the appropriation to different activities. The second method is based on the assumption that the State appropriation is allocated to wherever there are costs. Both of these methods are examined using two scenarios for allocating faculty time: tuition-weighted student credit hours faculty effort and student credit hours The committee remains uncertain as to whether the addition of state funding clarifies or clouds the issue, and so it is included only as the last item on the reports, following a subtotal of other revenues and expenditures. Difference in allocation percentages of state funds for undergraduate/graduate research activities varied from a high of 90.2/9.8% to as little as 64/36%, respectively, in the various scenarios. Summary of Net Profit/Loss After Allocating State Appropriations For Undergraduate Instruction and Graduate Instruction/Research Fiscal Years and Undergraduate Research State Appropriations Allocated on Faculty Salary Tuition Weighted Student Credit Hours (2,408) 587 Faculty Effort and Student Credit Hours (6,658) 4, Tuition Weighted Student Credit Hours (5,492) 3,031 Faculty Effort and Student Credit Hours (9,272) 6,811 State Appropriations Allocated on Total Expenditures Tuition Weighted Student Credit Hours (3,166) 1,345 Faculty Effort and Student Credit Hours 797 (2,619) Tuition Weighted Student Credit Hours (5,042) 2,580 Faculty Effort and Student Credit Hours (985) (1,477) 4
5 Conclusions Depending on the allocation methods used, graduate education/research or undergraduate program costs can exceed revenues. Models where undergraduate education costs exceed revenues may reflect the long history of the State of Michigan having capped undergraduate tuition increases. In those models where graduate education/research costs exceed revenues, we assumed that graduate education/research is faculty intensive. These percentage-facultyeffort-allocation models apportion a higher percentage of faculty time to graduate education/research compared to undergraduate education. When loss is calculated using tuition weighted section credit hours and prior to the allocation of state funds, graduate education/research accounts for 9.3% of the loss in , yet only 4.1% of the loss in Given that the graduate student population increased from 11.6% and 12.7% during those two years, the model suggests that graduate tuition is set at a more appropriate level than undergraduate tuition, given the relative costs. When faculty research time was identified and allocated to the graduate/research area, these scenarios resulted in a much higher cost falling to graduate education/research % and 20.3% for the same two years. This indicates the inseparability of graduate education and institutionally supported research. Contrary to what many perceive, this analysis demonstrates that graduate education/research internally subsidizes undergraduate education. This reality needs to be incorporated into both University-level strategic plans as well as Department, College and School discussions regarding new program development and allocation of resources to existing programs. Appendix I: Data Files Appendix II: Allocation Parameters Appendix III: Addendum 5
6 Appendix I: Data Files Table 1: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 2: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 3: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Table 4: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Table 5: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 6: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 7: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Table 8: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Appendix II: Allocation Parameters* Appendix III: Addendum Summary Data Files of Fiscal Year 2005 Information Table 1: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 2: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Table 3: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 4: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, Table 5: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, Table 6: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30,
7 i Members of the committee: Richard Elenich, Dan Greenlee, Amy Hughes, Sue Laajala, Bill Predebon, Kurt Pregitzer, Bruce Rafert (through July, 2004), Dave Reed, and Marilyn Vogler. ii Tuition Weighted Student Credit Hours is an allocation parameter derived by multiplying the credit hours generated within a fiscal year by the tuition rate assessed on each credit hour. iii Faculty Effort Distribution is an allocation parameter derived by computing the weighted average of the departmental faculty effort distribution between instruction and research. In cases where the distribution had yet to be established, departmental estimates were provided by each area's respective dean. iv With the academic year, we went to a per-credit charge structure; at the same time, graduate tuition moved to a one-rate structure that did not differentiate between resident/nonresident assessment. 7
8 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2003 Tuition and Fees 47,966 40,208 7,758 Actual State Appropriations 53,133 53,133 None Grants and Contracts Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 106,982 41,093 12,756 53,133 Faculty Salaries (UG=89.3%,GR=10.7%) 26,034 23,240 2,794 Tuition Weighted SCH Non-Faculty Salaries 19,977 17,699 2,278 Headcount/FTE Graduate Students (GA/GTA) 2,605 2,605 Actual Undergrad Students 1,133 1, Headcount/FTE GRA/GTA NR Tuition Differential 2,699 2,699 Actual Fringe Benefits 18,363 16,447 1,916 Non-UG Salary Distribution Salaries and Fringes Total 70,811 60,994 9,817 - Capital Expenditures 1,147 1, Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,033 2, Headcount/FTE Internal Services Exp 2,654 2, Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,168 10,780 1,388 - Athletic Grant - Tuition Allow - Tuition GA/GTA 1,821 1,821 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 9,577 9, Travel and Business Meals 1,356 1, Headcount/FTE Utilities 2,501 2, Headcount/FTE Total Expense 96,413 84,692 11,722 - Research Matching Grants Actual Research Incentive 2,255 2,255 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 4,275 3, Headcount/FTE Total Transfers (Out) 12,390 6,241 6,149 - Net Income (Loss) (49,839) (5,115) State Appropriations 47,431 5,702 53,133 Tuition Weighted SCH Net Income (Loss) with State Appropriations (1,821) (2,408) 587 Fall 2002 Headcount 5, Net Income (Loss) per Fall 2002 Headcount (458) 849
9 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2003 Tuition and Fees 47,966 40,208 7,758 Actual State Appropriations 53,133 53,133 None Grants and Contracts Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 106,982 41,093 12,756 53,133 Faculty Salaries (UG=89.3%,GR=10.7%) 26,034 23,240 2,794 Tuition Weighted SCH Non-Faculty Salaries 19,977 17,699 2,278 Headcount/FTE Graduate Students (GA/GTA) 2,605 2,605 Actual Undergrad Students 1,133 1, Headcount/FTE GRA/GTA NR Tuition Differential 2,699 2,699 Actual Fringe Benefits 18,363 16,447 1,916 Non-UG Salary Distribution Salaries and Fringes Total 70,811 60,994 9,817 - Capital Expenditures 1,147 1, Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,033 2, Headcount/FTE Internal Services Exp 2,654 2, Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,168 10,780 1,388 - Athletic Grant - Tuition Allow - Tuition GA/GTA 1,821 1,821 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 9,577 9, Travel and Business Meals 1,356 1, Headcount/FTE Utilities 2,501 2, Headcount/FTE Total Expense 96,413 84,692 11,722 - Research Matching Grants Actual Research Incentive 2,255 2,255 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 4,275 3, Headcount/FTE Total Transfers (Out) 12,390 6,241 6,149 - Net Income (Loss) (49,839) (5,115) State Appropriations 46,673 6,460 53,133 Total Expenses Net Income (Loss) with State Appropriations (1,821) (3,166) 1,345 Fall 2002 Headcount 5, Net Income (Loss) per Fall 2002 Headcount (603) 1,946
10 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2003 Tuition and Fees 47,966 40,208 7,758 Actual State Appropriations 53,133 53,133 None Grants and Contracts Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 106,982 41,093 12,756 53,133 Faculty Salaries (Rsch=30.6%,UG=93.2%,GR=6.8%) 26,034 16,832 9,202 Effort Distrib. and FY SCH Non-Faculty Salaries 19,977 17,699 2,278 Headcount/FTE Graduate Students (GA/GTA) 2,605 2,605 Actual Undergrad Students 1,133 1, Headcount/FTE GRA/GTA NR Tuition Differential 2,699 2,699 Actual Fringe Benefits 18,363 14,026 4,336 Non-UG Salary Distribution Salaries and Fringes Total 70,811 52,165 18,646 - Capital Expenditures 1,147 1, Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,033 2, Headcount/FTE Internal Services Exp 2,654 2, Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,168 10,780 1,388 - Athletic Grant - Tuition Allow - Tuition GA/GTA 1,821 1,821 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 9,577 9, Travel and Business Meals 1,356 1, Headcount/FTE Utilities 2,501 2, Headcount/FTE Total Expense 96,413 75,863 20,551 - Research Matching Grants Actual Research Incentive 2,255 2,255 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 4,275 3, Headcount/FTE Total Transfers (Out) 12,390 6,241 6,149 - Net Income (Loss) (41,010) (13,944) State Appropriations 34,352 18,781 53,133 Effort Distrib. and FY SCH Net Income (Loss) with State Appropriations (1,821) (6,658) 4,837 Fall 2002 Headcount 5, Net Income (Loss) per Fall 2002 Headcount (1,267) 7,000
11 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2003 Tuition and Fees 47,966 40,208 7,758 Actual State Appropriations 53,133 53,133 None Grants and Contracts Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 106,982 41,093 12,756 53,133 Faculty Salaries (Rsch=30.6%,UG=93.2%,GR=6.8%) 26,034 16,832 9,202 Effort Distrib. and FY SCH Non-Faculty Salaries 19,977 17,699 2,278 Headcount/FTE Graduate Students (GA/GTA) 2,605 2,605 Actual Undergrad Students 1,133 1, Headcount/FTE GRA/GTA NR Tuition Differential 2,699 2,699 Actual Fringe Benefits 18,363 14,026 4,336 Non-UG Salary Distribution Salaries and Fringes Total 70,811 52,165 18,646 - Capital Expenditures 1,147 1, Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,033 2, Headcount/FTE Internal Services Exp 2,654 2, Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,168 10,780 1,388 - Athletic Grant - Tuition Allow - Tuition GA/GTA 1,821 1,821 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 9,577 9, Travel and Business Meals 1,356 1, Headcount/FTE Utilities 2,501 2, Headcount/FTE Total Expense 96,413 75,863 20,551 - Research Matching Grants Actual Research Incentive 2,255 2,255 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 4,275 3, Headcount/FTE Total Transfers (Out) 12,390 6,241 6,149 - Net Income (Loss) (41,010) (13,944) State Appropriations 41,808 11,325 53,133 Total Expenses Net Income (Loss) with State Appropriations (1,821) 797 (2,619) Fall 2002 Headcount 5, Net Income (Loss) per Fall 2002 Headcount 152 (3,790)
12 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2004 Tuition and Fees 52,114 46,291 5,823 Actual State Appropriations 47,436 47,436 None Grants and Contracts Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 105,466 47,039 10,991 47,436 Faculty Salaries (UG=89.3%,GR=10.7%) 23,626 21,091 2,535 Tuition Weighted SCH Non-Faculty Salaries 21,189 18,593 2,596 Headcount/FTE Graduate Students (GA/GTA) 3,211 3,211 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 17,596 15,716 1,880 Non-UG Salary Distribution Salaries and Fringes Total 66,793 59,596 7,197 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,087 2, Headcount/FTE Internal Services Exp 2,696 2, Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,731 11,171 1,560 - Athletic Grant - Tuition Allow - Tuition GA/GTA 2,303 2,303 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 11,915 11, Travel and Business Meals 1,148 1, Headcount/FTE Utilities 3,003 2, Headcount/FTE Total Expense 95,590 86,240 9,350 - Research Matching Grants 1,205 1,205 Actual Research Incentive 2,330 2,330 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 7,422 6, Headcount/FTE Total Transfers (Out) 12,337 8,637 3,700 - Net Income (Loss) (47,837) (2,060) State Appropriations 42,345 5,091 47,436 Tuition Weighted SCH Net Income (Loss) with State Appropriations (2,461) (5,492) 3,031 Fall 2003 Headcount 5, Net Income (Loss) per Fall 2003 Headcount (1,035) 3,910
13 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2004 Tuition and Fees 52,114 46,291 5,823 Actual State Appropriations 47,436 47,436 None Grants and Contracts Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 105,466 47,039 10,991 47,436 Faculty Salaries (UG=89.3%,GR=10.7%) 23,626 21,091 2,535 Tuition Weighted SCH Non-Faculty Salaries 21,189 18,593 2,596 Headcount/FTE Graduate Students (GA/GTA) 3,211 3,211 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 17,596 15,716 1,880 Non-UG Salary Distribution Salaries and Fringes Total 66,793 59,596 7,197 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,087 2, Headcount/FTE Internal Services Exp 2,696 2, Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,731 11,171 1,560 - Athletic Grant - Tuition Allow - Tuition GA/GTA 2,303 2,303 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 11,915 11, Travel and Business Meals 1,148 1, Headcount/FTE Utilities 3,003 2, Headcount/FTE Total Expense 95,590 86,240 9,350 - Research Matching Grants 1,205 1,205 Actual Research Incentive 2,330 2,330 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 7,422 6, Headcount/FTE Total Transfers (Out) 12,337 8,637 3,700 - Net Income (Loss) (47,837) (2,060) State Appropriations 42,796 4,640 47,436 Total Expenditures Net Income (Loss) with State Appropriations (2,461) (5,042) 2,580 Fall 2003 Headcount 5, Net Income (Loss) per Fall 2003 Headcount (950) 3,329
14 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2004 Tuition and Fees 52,114 46,291 5,823 Actual State Appropriations 47,436 47,436 None Grants and Contracts Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 105,466 47,039 10,991 47,436 Faculty Salaries (Rsch=30.6%,UG=92.7%,GR=7.3%) 23,626 15,197 8,429 Effort Distrib. and FY SCH Non-Faculty Salaries 21,189 18,593 2,596 Headcount/FTE Graduate Students (GA/GTA) 3,211 3,211 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 17,596 13,557 4,039 Non-UG Salary Distribution Salaries and Fringes Total 66,793 51,543 15,250 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,087 2, Headcount/FTE Internal Services Exp 2,696 2, Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,731 11,171 1,560 - Athletic Grant - Tuition Allow - Tuition GA/GTA 2,303 2,303 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 11,915 11, Travel and Business Meals 1,148 1, Headcount/FTE Utilities 3,003 2, Headcount/FTE Total Expense 95,590 78,187 17,404 - Research Matching Grants 1,205 1,205 Actual Research Incentive 2,330 2,330 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 7,422 6, Headcount/FTE Total Transfers (Out) 12,337 8,637 3,700 - Net Income (Loss) (39,784) (10,113) State Appropriations 30,512 16,924 47,436 Effort Distrib. and FY SCH Net Income (Loss) with State Appropriations (2,461) (9,272) 6,811 Fall 2003 Headcount 5, Net Income (Loss) per Fall 2003 Headcount (1,748) 8,788
15 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2004 Tuition and Fees 52,114 46,291 5,823 Actual State Appropriations 47,436 47,436 None Grants and Contracts Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 105,466 47,039 10,991 47,436 Faculty Salaries (Rsch=30.6%,UG=92.7%,GR=7.3%) 23,626 15,197 8,429 Effort Distrib. and FY SCH Non-Faculty Salaries 21,189 18,593 2,596 Headcount/FTE Graduate Students (GA/GTA) 3,211 3,211 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 17,596 13,557 4,039 Non-UG Salary Distribution Salaries and Fringes Total 66,793 51,543 15,250 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 3,087 2, Headcount/FTE Internal Services Exp 2,696 2, Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 12,731 11,171 1,560 - Athletic Grant - Tuition Allow - Tuition GA/GTA 2,303 2,303 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 11,915 11, Travel and Business Meals 1,148 1, Headcount/FTE Utilities 3,003 2, Headcount/FTE Total Expense 95,590 78,187 17,404 - Research Matching Grants 1,205 1,205 Actual Research Incentive 2,330 2,330 Actual Research Excellence Actual Federal Financial Aid Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement Headcount/FTE Debt Service Headcount/FTE Other Transfers 7,422 6, Headcount/FTE Total Transfers (Out) 12,337 8,637 3,700 - Net Income (Loss) (39,784) (10,113) State Appropriations 38,800 8,636 47,436 Total Expenditures Net Income (Loss) with State Appropriations (2,461) (985) (1,477) Fall 2003 Headcount 5, Net Income (Loss) per Fall 2003 Headcount (186) (1,905)
16 Allocation Parameters* Parameter Undergraduate Graduate Total Fall 2002 Enrollment 5, ,944 Percent Distribution 88.4% 11.6% Fall 2002 FTE (Full-Time + 1/3 Part-Time) 5, ,671 Percent Distribution 88.8% 11.2% Parameter Average 88.6% 11.4% Fall 2003 Enrollment 5, ,081 Percent Distribution 87.3% 12.7% Fall 2003 FTE (Full-Time + 1/3 Part-Time) 5, ,741 Percent Distribution 88.2% 11.8% Parameter Average 87.7% 12.3% Fiscal Year Section Credits (Fall Term 2002 by Course Level) 3,197 1,571 4,768 Percent Distribution 67.0% 33.0% Section Credits (Academic Year by Course Level) 6,272 3,214 9,486 Percent Distribution 66.1% 33.9% Section Credits (Fiscal Year by Course Level) 6,866 3,595 10,461 Percent Distribution 65.6% 34.4% Parameter Average 66.3% 33.7% Fiscal Year Section Credits (Fall Term 2003 by Course Level) 3,146 1,729 4,875 Percent Distribution 64.5% 35.5% Section Credits (Academic Year by Course Level) 6,225 3,569 9,794 Percent Distribution 63.6% 36.4% Section Credits (Fiscal Year by Course Level) 6,933 3,924 10,857 Percent Distribution 63.9% 36.1% Parameter Average 64.0% 36.0% Student Credit Hours (Fiscal Year by Student Level) 158,036 11, ,631 Percent Distribution 93.2% 6.8% Student Credit Hours (Fiscal Year by Student Level) 156,712 12, ,075 Percent Distribution 92.7% 7.3% OIA: H:\temp\attachments\New Settings Attachments\grad study v4.xls
17 Allocation Parameters* Parameter Undergraduate Graduate Total Fiscal Year Student Credit Hours (Fiscal Year Resident Lower Division) 76,626 In-State per Credit LD Tuition Rate $ Student Credit Hours (Fiscal Year Resident Upper Division) 59,229 In-State per Credit UD Tuition Rate $ Student Credit Hours (Fiscal Year Non-Resident Lower Division) 9,355 Out-of-State per Credit LD Tuition Rate $ Student Credit Hours (Fiscal Year Non-Resident Upper Division) 12,827 Out-of-State per Credit UD Tuition Rate $ Student Credit Hours (Fiscal Year Resident Graduate) 3,452 In-State per Credit Graduate Tuition Rate $ Student Credit Hours (Fiscal Year Non-Resident Graduate) 8,143 Out-of-State per Credit Graduate Tuition Rate $1, Tuition weighted SCH 46,833,737 10,716,760 57,550,497 Percent Distribution 81.4% 18.6% Fiscal Year Student Credit Hours (Fiscal Year Resident Undergraduate) 141,950 In-State per Credit Tuition Rate $ Student Credit Hours (Fiscal Year Non-Resident Undergraduate) 14,762 Out-of-State per Credit Tuition Rate $ Student Credit Hours (Fiscal Year Resident Graduate) 3,913 In-State per Credit Graduate Tuition Rate $ Student Credit Hours (Fiscal Year Non-Resident Graduate) 8,451 Out-of-State per Credit Graduate Tuition Rate $ Tuition weighted SCH 40,931,935 4,920,574 45,852,509 Percent Distribution 89.3% 10.7% OIA: H:\temp\attachments\New Settings Attachments\grad study v4.xls
18 Allocation Parameters* Parameter Undergraduate Graduate Total Fall 2004 Student Credit Hours (Fall 2004 Resident UG) 71,790 In-State per Credit Tuition Rate $ Student Credit Hours (Fall 2004 Non-Resident UG) 5,574 Out-of-State per Credit Tuition Rate $ Student Credit Hours (Fall 2004 Resident Graduate) 1,988 In-State per Credit Graduate Tuition Rate $ Student Credit Hours (Fall 2004 Non-Resident Graduate) 4,126 Out-of-State per Credit Graduate Tuition Rate $ Tuition weighted SCH 20,070,508 2,641,140 22,711,648 Percent Distribution 88.4% 11.6% *Note: All parameters exclude distance learning OIA: H:\temp\attachments\New Settings Attachments\grad study v4.xls
19 Appendix III: Addendum Addendum Summary: To bring the calculations into the current year, we have attached all the allocation methods, using Fiscal Year 2005 financial information. This brings the costs and revenues up to the time period ending June 30, Not surprisingly, the outcomes of using the current year s financial information is similar to the conclusions drawn from the earlier year s calculations, as described in the main body of this report. Summary of Net Profit/Loss After Allocating State Appropriations For Undergraduate Instruction and Graduate Instruction/Research Fiscal Years Numbers in 000 s Undergraduate Research State Appropriations Allocated on Faculty Salary Tuition Weighted Student Credit Hours 115 1,719 Faculty Effort and Student Credit Hours (3,633) 5,467 State Appropriations Allocated on Total Expenditures Tuition Weighted Student Credit Hours 551 1,283 Faculty Effort and Student Credit Hours 4,854 (3,020) State Appropriations Allocated on Workforce Investment Needs Plan* Tuition Weighted Student Credit Hours (7,834) 9,668 Faculty Effort and Student Credit Hours *This method of allocating revenue and costs is based on the State of Michigan's newly proposed formula for calculating State Appropriations to Michigan's public universities. This formula uses three main characteristics to appropriate funds to every university: enrollment, degrees granted, and federal research funding. This proposed method is shown as the third allocation method above and was not used in the calculations in previous years because it was unknown when the committee was active. If this method of allocating State Appropriations to public universities is adopted, it will further reinforce the committee's conclusion that graduate instruction and research is both cost effective and necessary to the long-term prosperity of Michigan Technological University. Attachment: 6 Data Files of Fiscal Year 2005 information
20 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (UG=89.3%,GR=10.7%) 25,003 22,320 2,683 Tuition Weighted SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 16,681 2,028 Non-UG Salary Distribution Salaries and Fringes Total 68,094 60,696 7,398 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 88,761 9,703 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (44,225) (3,611) State Appropriations 44,340 5,330 49,670 Tuition Weighted SCH Net Income (Loss) with State Appropriations 1, ,719 Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount 22 2,162
21 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (Rsch=30.6%,UG=92.6%,GR=7.4%) 25,003 16,062 8,941 Effort Distrib. and FY SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 14,255 4,454 Non-UG Salary Distribution Salaries and Fringes Total 68,094 52,011 16,083 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 80,077 18,387 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (35,540) (12,296) State Appropriations 31,907 17,763 49,670 Effort Distrib. and FY SCH Net Income (Loss) with State Appropriations 1,834 (3,633) 5,467 Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount (679) 6,877
22 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (UG=89.3%,GR=10.7%) 25,003 22,320 2,683 Tuition Weighted SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 16,681 2,028 Non-UG Salary Distribution Salaries and Fringes Total 68,094 60,696 7,398 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 88,761 9,703 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (44,225) (3,611) State Appropriations 44,775 4,895 49,670 Total Expenditures Net Income (Loss) with State Appropriations 1, ,283 Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount 103 1,614
23 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (Rsch=30.6%,UG=92.6%,GR=7.4%) 25,003 16,062 8,941 Effort Distrib. and FY SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 14,255 4,454 Non-UG Salary Distribution Salaries and Fringes Total 68,094 52,011 16,083 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 80,077 18,387 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (35,540) (12,296) State Appropriations 40,395 9,275 49,670 Total Expenditures Net Income (Loss) with State Appropriations 1,834 4,854 (3,020) Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount 908 (3,799)
24 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Tuition Weighted Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (UG=89.3%,GR=10.7%) 25,003 22,320 2,683 Tuition Weighted SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 16,681 2,028 Non-UG Salary Distribution Salaries and Fringes Total 68,094 60,696 7,398 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 88,761 9,703 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (44,225) (3,611) State Appropriations 36,391 13,279 49,670 State WIN Algorithm Net Income (Loss) with State Appropriations 1,834 (7,834) 9,668 Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount (1,465) 12,161
25 Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated Faculty Effort Distributions and Fiscal Year Student Credit Hours June 30, 2005 Tuition and Fees 52,786 46,523 6,263 Actual State Appropriations 49,670 49,670 None Grants and Contracts Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities Headcount/FTE Miscellaneous Revenue Headcount/FTE Total Revenue 108,905 47,239 11,996 49,670 Faculty Salaries (Rsch=30.6%,UG=92.6%,GR=7.4%) 25,003 16,062 8,941 Effort Distrib. and FY SCH Non-Faculty Salaries 20,429 17,882 2,547 Headcount/FTE Graduate Students (GA/GTA) 2,829 2,829 Actual Undergrad Students 1, Headcount/FTE GRA/GTA NR Tuition Differential Actual Fringe Benefits 18,709 14,255 4,454 Non-UG Salary Distribution Salaries and Fringes Total 68,094 52,011 16,083 - Capital Expenditures Headcount/FTE Athletic Expenses Headcount/FTE Contracted Services 2,660 2, Headcount/FTE Internal Services Exp 2,445 2, Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4, Headcount/FTE Other Operating Expenses Headcount/FTE Leases/Rentals Headcount/FTE Supplies and Materials Total 11,730 10,267 1,463 - Athletic Grant - Tuition Allow 1,794 1,790 4 Actual Tuition GA/GTA 2,151 2,151 Actual Special Tuition Actual National Merit Scholarship Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award Actual Fellowships Actual Financial Aid Total 13,110 12, Travel and Business Meals 1,244 1, Headcount/FTE Utilities 4,286 3, Headcount/FTE Total Expense 98,464 80,077 18,387 - Research Matching Grants (1,334) (1,334) Actual Research Incentive (2,768) (2,768) Actual Research Excellence (439) (439) Actual Federal Financial Aid (181) (181) Actual Athletic Grant In Aid - - Actual Graduate Student Support (1,005) (1,005) Actual Plant Improvement (83) (73) (10) Headcount/FTE Debt Service Headcount/FTE Other Transfers (2,797) (2,448) (349) Headcount/FTE Total Transfers (Out) (8,607) (2,702) (5,905) - Net Income (Loss) (35,540) (12,296) State Appropriations 36,391 13,279 49,670 State WIN Algorithm Net Income (Loss) with State Appropriations 1, Fall 2004 Headcount 5, Net Income (Loss) per Fall 2004 Headcount 159 1,237
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