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
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
The model was used to generate results for two years: FY 2002-03 and FY 2003-04. However, MTU radically changed the way tuition is assessed with the 2003-04 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 2003-04, applied to both years headcount, estimated faculty effort for 2004-05 with FY2002-03 & FY2003-04 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 2004-05 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
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 2002-03 and 2003-04 Undergraduate Research State Appropriations Allocated on Faculty Salary 2002-03 Tuition Weighted Student Credit Hours (2,408) 587 Faculty Effort and Student Credit Hours (6,658) 4,837 2003-04 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 2002-03 Tuition Weighted Student Credit Hours (3,166) 1,345 Faculty Effort and Student Credit Hours 797 (2,619) 2003-04 Tuition Weighted Student Credit Hours (5,042) 2,580 Faculty Effort and Student Credit Hours (985) (1,477) 4
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 2002-03, yet only 4.1% of the loss in 2003-04. 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 - 25.4% 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
Appendix I: Data Files Table 1: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2003-04 Tuition Weighted Student Credit Hours June 30, 2003.. 8 Table 2: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2003-04 Tuition Weighted Student Credit Hours June 30, 2003 9 Table 3: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2002-03 Student Credit Hours June 30, 2003.10 Table 4: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2002-03 Student Credit Hours June 30, 2003...11 Table 5: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2003-04 Tuition Weighted Student Credit Hours June 30, 2004 12 Table 6: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2003-04 Tuition Weighted Student Credit Hours June 30, 2004 13 Table 7: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2003-04 Student Credit Hours June 30, 2004.14 Table 8: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2003-04 Student Credit Hours June 30, 2004..15 Appendix II: Allocation Parameters*....16 Appendix III: Addendum Summary....19 Data Files of Fiscal Year 2005 Information..20-25 Table 1: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2004-05 Tuition Weighted Student Credit Hours June 30, 2005....20 Table 2: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 Student Credit Hours June 30, 2005.....21 Table 3: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2004-05 Tuition Weighted Student Credit Hours June 30, 2005.... 22 Table 4: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 Student Credit Hours June 30, 2005..... 23 Table 5: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on 2004-05 Tuition Weighted Student Credit Hours June 30, 2005....24 Table 6: Income Statement with Undergraduate and Research Split; Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 Student Credit Hours June 30, 2005....25 6
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 2003-04 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
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2003-04 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 158 158 Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities 9 8 1 Headcount/FTE Miscellaneous Revenue 930 824 106 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 1,004 129 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 1,016 131 Headcount/FTE Athletic Expenses 2 2 0 Headcount/FTE Contracted Services 3,033 2,687 346 Headcount/FTE Internal Services Exp 2,654 2,351 303 Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4,352 560 Headcount/FTE Other Operating Expenses 415 368 47 Headcount/FTE Leases/Rentals 402 356 46 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 142 100 42 Actual National Merit Scholarship 34 34 Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award 52 52 Actual Fellowships 35 35 Actual Financial Aid Total 9,577 9,500 77 - Travel and Business Meals 1,356 1,201 155 Headcount/FTE Utilities 2,501 2,216 285 Headcount/FTE Total Expense 96,413 84,692 11,722 - Research Matching Grants 937 937 Actual Research Incentive 2,255 2,255 Actual Research Excellence 317 317 Actual Federal Financial Aid 189 189 Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement 209 185 24 Headcount/FTE Debt Service 760 673 87 Headcount/FTE Other Transfers 4,275 3,787 488 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 5,253 691 Net Income (Loss) per Fall 2002 Headcount (458) 849
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2003-04 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 158 158 Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities 9 8 1 Headcount/FTE Miscellaneous Revenue 930 824 106 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 1,004 129 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 1,016 131 Headcount/FTE Athletic Expenses 2 2 0 Headcount/FTE Contracted Services 3,033 2,687 346 Headcount/FTE Internal Services Exp 2,654 2,351 303 Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4,352 560 Headcount/FTE Other Operating Expenses 415 368 47 Headcount/FTE Leases/Rentals 402 356 46 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 142 100 42 Actual National Merit Scholarship 34 34 Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award 52 52 Actual Fellowships 35 35 Actual Financial Aid Total 9,577 9,500 77 - Travel and Business Meals 1,356 1,201 155 Headcount/FTE Utilities 2,501 2,216 285 Headcount/FTE Total Expense 96,413 84,692 11,722 - Research Matching Grants 937 937 Actual Research Incentive 2,255 2,255 Actual Research Excellence 317 317 Actual Federal Financial Aid 189 189 Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement 209 185 24 Headcount/FTE Debt Service 760 673 87 Headcount/FTE Other Transfers 4,275 3,787 488 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 5,253 691 Net Income (Loss) per Fall 2002 Headcount (603) 1,946
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2002-03 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 158 158 Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities 9 8 1 Headcount/FTE Miscellaneous Revenue 930 824 106 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 1,004 129 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 1,016 131 Headcount/FTE Athletic Expenses 2 2 0 Headcount/FTE Contracted Services 3,033 2,687 346 Headcount/FTE Internal Services Exp 2,654 2,351 303 Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4,352 560 Headcount/FTE Other Operating Expenses 415 368 47 Headcount/FTE Leases/Rentals 402 356 46 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 142 100 42 Actual National Merit Scholarship 34 34 Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award 52 52 Actual Fellowships 35 35 Actual Financial Aid Total 9,577 9,500 77 - Travel and Business Meals 1,356 1,201 155 Headcount/FTE Utilities 2,501 2,216 285 Headcount/FTE Total Expense 96,413 75,863 20,551 - Research Matching Grants 937 937 Actual Research Incentive 2,255 2,255 Actual Research Excellence 317 317 Actual Federal Financial Aid 189 189 Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement 209 185 24 Headcount/FTE Debt Service 760 673 87 Headcount/FTE Other Transfers 4,275 3,787 488 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 5,253 691 Net Income (Loss) per Fall 2002 Headcount (1,267) 7,000
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2002-03 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 158 158 Actual Indirect Cost Recoveries 4,904 4,904 Actual Investment Income (loss) (118) (105) (13) Headcount/FTE Auxiliary Activities 9 8 1 Headcount/FTE Miscellaneous Revenue 930 824 106 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 1,004 129 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 1,016 131 Headcount/FTE Athletic Expenses 2 2 0 Headcount/FTE Contracted Services 3,033 2,687 346 Headcount/FTE Internal Services Exp 2,654 2,351 303 Headcount/FTE Internal Services Recovery (398) (352) (45) Headcount/FTE Supplies and Materials 4,913 4,352 560 Headcount/FTE Other Operating Expenses 415 368 47 Headcount/FTE Leases/Rentals 402 356 46 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 142 100 42 Actual National Merit Scholarship 34 34 Actual Scholarships 7,493 7,493 Actual Departmental Awards - Minority Academic Scholar Award 52 52 Actual Fellowships 35 35 Actual Financial Aid Total 9,577 9,500 77 - Travel and Business Meals 1,356 1,201 155 Headcount/FTE Utilities 2,501 2,216 285 Headcount/FTE Total Expense 96,413 75,863 20,551 - Research Matching Grants 937 937 Actual Research Incentive 2,255 2,255 Actual Research Excellence 317 317 Actual Federal Financial Aid 189 189 Actual Athletic Grant In Aid 1,406 1,406 Actual Graduate Student Support 2,042 2,042 Actual Plant Improvement 209 185 24 Headcount/FTE Debt Service 760 673 87 Headcount/FTE Other Transfers 4,275 3,787 488 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 5,253 691 Net Income (Loss) per Fall 2002 Headcount 152 (3,790)
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2003-04 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 177 177 Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 712 625 87 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 1,123 985 138 Headcount/FTE GRA/GTA NR Tuition Differential 48 48 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 867 761 106 Headcount/FTE Athletic Expenses 1 1 0 Headcount/FTE Contracted Services 3,087 2,709 378 Headcount/FTE Internal Services Exp 2,696 2,366 330 Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4,776 667 Headcount/FTE Other Operating Expenses 439 385 54 Headcount/FTE Leases/Rentals 436 382 53 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 200 177 23 Actual National Merit Scholarship 27 27 Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award 102 102 Actual Fellowships 62 62 Actual Financial Aid Total 11,915 11,830 85 - Travel and Business Meals 1,148 1,007 141 Headcount/FTE Utilities 3,003 2,635 368 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 435 435 Actual Federal Financial Aid 172 172 Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement 285 250 35 Headcount/FTE Debt Service - - - Headcount/FTE Other Transfers 7,422 6,513 909 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 5,306 775 Net Income (Loss) per Fall 2003 Headcount (1,035) 3,910
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2003-04 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 177 177 Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 712 625 87 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 1,123 985 138 Headcount/FTE GRA/GTA NR Tuition Differential 48 48 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 867 761 106 Headcount/FTE Athletic Expenses 1 1 0 Headcount/FTE Contracted Services 3,087 2,709 378 Headcount/FTE Internal Services Exp 2,696 2,366 330 Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4,776 667 Headcount/FTE Other Operating Expenses 439 385 54 Headcount/FTE Leases/Rentals 436 382 53 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 200 177 23 Actual National Merit Scholarship 27 27 Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award 102 102 Actual Fellowships 62 62 Actual Financial Aid Total 11,915 11,830 85 - Travel and Business Meals 1,148 1,007 141 Headcount/FTE Utilities 3,003 2,635 368 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 435 435 Actual Federal Financial Aid 172 172 Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement 285 250 35 Headcount/FTE Debt Service - - - Headcount/FTE Other Transfers 7,422 6,513 909 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 5,306 775 Net Income (Loss) per Fall 2003 Headcount (950) 3,329
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2003-04 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 177 177 Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 712 625 87 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 1,123 985 138 Headcount/FTE GRA/GTA NR Tuition Differential 48 48 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 867 761 106 Headcount/FTE Athletic Expenses 1 1 0 Headcount/FTE Contracted Services 3,087 2,709 378 Headcount/FTE Internal Services Exp 2,696 2,366 330 Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4,776 667 Headcount/FTE Other Operating Expenses 439 385 54 Headcount/FTE Leases/Rentals 436 382 53 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 200 177 23 Actual National Merit Scholarship 27 27 Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award 102 102 Actual Fellowships 62 62 Actual Financial Aid Total 11,915 11,830 85 - Travel and Business Meals 1,148 1,007 141 Headcount/FTE Utilities 3,003 2,635 368 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 435 435 Actual Federal Financial Aid 172 172 Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement 285 250 35 Headcount/FTE Debt Service - - - Headcount/FTE Other Transfers 7,422 6,513 909 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 5,306 775 Net Income (Loss) per Fall 2003 Headcount (1,748) 8,788
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2004-05 Faculty Effort Distributions and Fiscal Year 2003-04 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 177 177 Actual Indirect Cost Recoveries 5,088 5,088 Actual Investment Income (loss) (61) (54) (7) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 712 625 87 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 1,123 985 138 Headcount/FTE GRA/GTA NR Tuition Differential 48 48 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 867 761 106 Headcount/FTE Athletic Expenses 1 1 0 Headcount/FTE Contracted Services 3,087 2,709 378 Headcount/FTE Internal Services Exp 2,696 2,366 330 Headcount/FTE Internal Services Recovery (238) (209) (29) Headcount/FTE Supplies and Materials 5,443 4,776 667 Headcount/FTE Other Operating Expenses 439 385 54 Headcount/FTE Leases/Rentals 436 382 53 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 200 177 23 Actual National Merit Scholarship 27 27 Actual Scholarships 9,222 9,222 Actual Departmental Awards - Actual Minority Academic Scholar Award 102 102 Actual Fellowships 62 62 Actual Financial Aid Total 11,915 11,830 85 - Travel and Business Meals 1,148 1,007 141 Headcount/FTE Utilities 3,003 2,635 368 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 435 435 Actual Federal Financial Aid 172 172 Actual Athletic Grant In Aid 1,702 1,702 Actual Graduate Student Support (1,214) (1,214) Actual Plant Improvement 285 250 35 Headcount/FTE Debt Service - - - Headcount/FTE Other Transfers 7,422 6,513 909 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 5,306 775 Net Income (Loss) per Fall 2003 Headcount (186) (1,905)
Allocation Parameters* Parameter Undergraduate Graduate Total Fall 2002 Enrollment 5,253 691 5,944 Percent Distribution 88.4% 11.6% Fall 2002 FTE (Full-Time + 1/3 Part-Time) 5,037 634 5,671 Percent Distribution 88.8% 11.2% Parameter Average 88.6% 11.4% Fall 2003 Enrollment 5,306 775 6,081 Percent Distribution 87.3% 12.7% Fall 2003 FTE (Full-Time + 1/3 Part-Time) 5,066 675 5,741 Percent Distribution 88.2% 11.8% Parameter Average 87.7% 12.3% Fiscal Year 2002-03 Section Credits (Fall Term 2002 by Course Level) 3,197 1,571 4,768 Percent Distribution 67.0% 33.0% Section Credits (Academic Year 2002-03 by Course Level) 6,272 3,214 9,486 Percent Distribution 66.1% 33.9% Section Credits (Fiscal Year 2002-03 by Course Level) 6,866 3,595 10,461 Percent Distribution 65.6% 34.4% Parameter Average 66.3% 33.7% Fiscal Year 2003-04 Section Credits (Fall Term 2003 by Course Level) 3,146 1,729 4,875 Percent Distribution 64.5% 35.5% Section Credits (Academic Year 2003-04 by Course Level) 6,225 3,569 9,794 Percent Distribution 63.6% 36.4% Section Credits (Fiscal Year 2003-04 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 2002-03 by Student Level) 158,036 11,595 169,631 Percent Distribution 93.2% 6.8% Student Credit Hours (Fiscal Year 2003-04 by Student Level) 156,712 12,363 169,075 Percent Distribution 92.7% 7.3% OIA:9-14-04 H:\temp\attachments\New Settings Attachments\grad study 2002-03 v4.xls
Allocation Parameters* Parameter Undergraduate Graduate Total Fiscal Year 2002-03 Student Credit Hours (Fiscal Year 2002-03 Resident Lower Division) 76,626 In-State per Credit LD Tuition Rate $241.00 Student Credit Hours (Fiscal Year 2002-03 Resident Upper Division) 59,229 In-State per Credit UD Tuition Rate $253.00 Student Credit Hours (Fiscal Year 2002-03 Non-Resident Lower Division) 9,355 Out-of-State per Credit LD Tuition Rate $590.00 Student Credit Hours (Fiscal Year 2002-03 Non-Resident Upper Division) 12,827 Out-of-State per Credit UD Tuition Rate $613.00 Student Credit Hours (Fiscal Year 2002-03 Resident Graduate) 3,452 In-State per Credit Graduate Tuition Rate $531.00 Student Credit Hours (Fiscal Year 2002-03 Non-Resident Graduate) 8,143 Out-of-State per Credit Graduate Tuition Rate $1,091.00 Tuition weighted SCH 46,833,737 10,716,760 57,550,497 Percent Distribution 81.4% 18.6% Fiscal Year 2003-04 Student Credit Hours (Fiscal Year 2003-04 Resident Undergraduate) 141,950 In-State per Credit Tuition Rate $227.00 Student Credit Hours (Fiscal Year 2003-04 Non-Resident Undergraduate) 14,762 Out-of-State per Credit Tuition Rate $590.00 Student Credit Hours (Fiscal Year 2003-04 Resident Graduate) 3,913 In-State per Credit Graduate Tuition Rate $398.00 Student Credit Hours (Fiscal Year 2003-04 Non-Resident Graduate) 8,451 Out-of-State per Credit Graduate Tuition Rate $398.00 Tuition weighted SCH 40,931,935 4,920,574 45,852,509 Percent Distribution 89.3% 10.7% OIA:9-14-04 H:\temp\attachments\New Settings Attachments\grad study 2002-03 v4.xls
Allocation Parameters* Parameter Undergraduate Graduate Total Fall 2004 Student Credit Hours (Fall 2004 Resident UG) 71,790 In-State per Credit Tuition Rate $232.60 Student Credit Hours (Fall 2004 Non-Resident UG) 5,574 Out-of-State per Credit Tuition Rate $605.00 Student Credit Hours (Fall 2004 Resident Graduate) 1,988 In-State per Credit Graduate Tuition Rate $432.00 Student Credit Hours (Fall 2004 Non-Resident Graduate) 4,126 Out-of-State per Credit Graduate Tuition Rate $432.00 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:9-14-04 H:\temp\attachments\New Settings Attachments\grad study 2002-03 v4.xls
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, 2005. 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 2004-2005 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 850 984 *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
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 1,834 115 1,719 Fall 2004 Headcount 5,349 795 Net Income (Loss) per Fall 2004 Headcount 22 2,162
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 5,349 795 Net Income (Loss) per Fall 2004 Headcount (679) 6,877
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 1,834 551 1,283 Fall 2004 Headcount 5,349 795 Net Income (Loss) per Fall 2004 Headcount 103 1,614
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 5,349 795 Net Income (Loss) per Fall 2004 Headcount 908 (3,799)
Income Statement with Undergraduate and Research Split Faculty Salaries Split on 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 5,349 795 Net Income (Loss) per Fall 2004 Headcount (1,465) 12,161
Income Statement with Undergraduate and Research Split Faculty Salaries Split on Estimated 2005-06 Faculty Effort Distributions and Fiscal Year 2004-05 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 193 193 Actual Indirect Cost Recoveries 5,659 5,659 Actual Investment Income (loss) (150) (131) (19) Headcount/FTE Auxiliary Activities - - - Headcount/FTE Miscellaneous Revenue 747 654 93 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 1,124 984 140 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 584 511 73 Headcount/FTE Athletic Expenses 5 4 1 Headcount/FTE Contracted Services 2,660 2,328 332 Headcount/FTE Internal Services Exp 2,445 2,140 305 Headcount/FTE Internal Services Recovery (224) (196) (28) Headcount/FTE Supplies and Materials 5,465 4,784 681 Headcount/FTE Other Operating Expenses 470 411 59 Headcount/FTE Leases/Rentals 325 284 41 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 206 189 17 Actual National Merit Scholarship 21 21 Actual Scholarships 8,735 8,734 1 Actual Departmental Awards 1 1 Actual Minority Academic Scholar Award 72 72 Actual Fellowships 130 130 Actual Financial Aid Total 13,110 12,958 152 - Travel and Business Meals 1,244 1,089 155 Headcount/FTE Utilities 4,286 3,752 534 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 1,834 850 984 Fall 2004 Headcount 5,349 795 Net Income (Loss) per Fall 2004 Headcount 159 1,237