The powerpoint used for the UMW's Operating Budget and Tuition and Fees forum.

1. UMW’s Operating Budget
and
Tuition and Fees
Student Tuition and Fees Forum
March 31, 2016

2. Key discussion points
• Overview of UMW’s operating budget
• State’s financing policy for higher education
• Tuition and fees

3. UMW’s Operating Budget
• Totals $111 million for 2015-16
– Fiscal year July 1, 2015 to June 30, 2016
• Key revenue sources
– Tuition and Fees
– State taxpayer support (general funds)
– Federal funds for limited financial aid programs
– Other sources
• Application fees, parking decals, facilities rental, library
fines, orientation fees, late payment fees, etc.

4. General Funds - E&G
21%
General Funds -
Student Aid
3%
General Funds - Dahlgren
1%
General Funds -
Museums
1%
Tuition and Fees
49%
Room & Board
17%
Bookstore
2%
Federal
Financial Aid
3%
Other
3%
University of Mary Washington - Revenue Sources

5. E&G Programs
57%
Auxiliary Programs
34%
Student Aid
7%
Museums
1%
Dahlgren Campus
1%
University of Mary Washington - Budgeted Expenditures
Instruction and related
support services:
Teaching Faculty
Deans
President/VPs
Library
Technology
Human Resources
Finance
Campus Safety
Physical Plant/Grounds
Housing
Dining
Bookstore
Athletics
Recreation
Student Clubs
Debt service for
non-academic facilities
Roads, parking lots,
sidewalks, and auxiliary
grounds

6. Personal Services
63%
Contracts, utilities, leases,
licenses, insurance
16%
Debt Service
9%
Operating, equipment,
programming
6%
Institutional Financial Aid
4%
Bookstore Merchandise
1%
Library books -
subscriptions
1%
University of Mary Washington - FY16 Budget Composition*
*Excludes Museums, Dahlgren Campus,
and state and federal financial aid.

7. State Financing Policy
• Students are expected to share in the cost of
higher education
• Contribution share depends on residency
– Virginia residents
• State financing goal: 67% general funds / 33% T&F
• Actual cost share is about 50/50
– Out-of-state students
• Required to pay 100% of the cost of education

8. State Financing Policy (cont’d)
• Auxiliary Enterprises
– Housing, dining, bookstore, student recreation,
athletics, roads, parking lots, auxiliary grounds
– University receives no state support
– 100% of cost must be paid through user fees
(room and board charges) or Auxiliary Comp Fee

9. $0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
FY 07 FY 08 FY 09 FY10 FY11 FY12 FY13 FY14 FY15
University of Mary Washington
Per FTE Student Funding - Virginia Students
(2014-15 Constant Dollars)
GF Per In-State FTE
FT Tuition/E&G Fees for In-State
Total Funding Per FTE Student
$7,442
$4,996
$13,408
$5,582
$7,146
$13,724

10. State/Local Tuition & Total
Approp Fee Rev Revenue
Per FTE Rank Per FTE Rank Per FTE Rank
Wyoming 15,561 1 Delaware 13,835 1 Alaska 18,960 1
Alaska 13,978 2 Vermont 12,951 2 Delaware 18,852 2
Illinois 12,293 3 Rhode Island 10,971 3 Illinois 18,517 3
North Carolina 8,562 4 Michigan 10,962 4 Wyoming 18,284 4
New York 8,454 5 Alabama 9,905 5 Michigan 15,727 5
Texas 8,050 6 New Hampshire 9,857 6 Rhode Island 15,661 6
New Mexico 8,029 7 Pennsylvania 9,236 7 Vermont 15,320 7
North Dakota 7,888 8 South Carolina 8,432 8 Maryland 15,139 8
Nebraska 7,840 9 Maine 8,400 9 Connecticut 14,941 9
Arkansas 7,653 10 South Dakota 8,221 10 Alabama 14,927 10
Hawaii 7,618 11 Iowa 8,118 11 Maine 14,652 11
Maryland 7,512 12 Colorado 8,115 12 North Dakota 14,640 12
California 7,509 13 New Jersey 8,048 13 New Jersey 13,568 13
Georgia 7,297 14 Connecticut 7,749 14 Iowa 13,453 14
Connecticut 7,192 15 Virginia 7,709 15 Nebraska 13,241 15
Oklahoma 7,080 16 Maryland 7,626 16 New York 13,225 16
Nevada 7,016 17 Ohio 7,344 17 Texas 13,175 17
Idaho 7,004 18 West Virginia 7,216 18 Kentucky 13,151 18
Tennessee 6,959 19 Minnesota 7,111 19 Pennsylvania 12,890 19
Kentucky 6,824 20 North Dakota 6,752 20 North Carolina 12,879 20
Mississippi 6,514 21 Indiana 6,685 21 Tennessee 12,848 21
Maine 6,252 22 Illinois 6,664 22 South Carolina 12,639 22
Massachusetts 6,073 23 Oregon 6,577 23 Minnesota 12,439 23
Florida 5,798 24 Arizona 6,518 24 Oklahoma 12,432 24
Wisconsin 5,786 25 Kentucky 6,327 25 Virginia 12,409 25
Washington 5,700 26 Tennessee 6,040 26 South Dakota 12,298 26
Alabama 5,673 27 Kansas 5,885 27 New Hampshire 12,216 27
Kansas 5,648 28 Missouri 5,544 28 West Virginia 11,930 28
Louisiana 5,606 29 Montana 5,505 29 New Mexico 11,789 29
West Virginia 5,530 30 Wisconsin 5,419 30 Georgia 11,757 30
New Jersey 5,520 31 Nebraska 5,401 31 Arkansas 11,731 31
Utah 5,506 32 Oklahoma 5,352 32 Indiana 11,690 32
Iowa 5,335 33 Washington 5,256 33 Ohio 11,658 33
Minnesota 5,327 34 Texas 5,125 34 Hawaii 11,550 34
Missouri 5,297 35 Alaska 4,982 35 Kansas 11,533 35
Arizona 5,171 36 Arkansas 4,951 36 Arizona 11,339 36
Delaware 5,052 37 Massachusetts 4,929 37 Idaho 11,265 37
Indiana 5,005 38 Utah 4,869 38 Wisconsin 11,205 38
Montana 4,939 39 New York 4,771 39 Colorado 11,138 39
South Carolina 4,894 40 Louisiana 4,568 40 Nevada 11,011 40
South Dakota 4,878 41 Georgia 4,468 41 Massachusetts 11,002 41
Virginia 4,779 42 Mississippi 4,433 42 Washington 10,956 42
Michigan 4,765 43 North Carolina 4,317 43 Mississippi 10,947 43
Rhode Island 4,690 44 Idaho 4,261 44 Missouri 10,841 44
Ohio 4,314 45 Nevada 3,995 45 Oregon 10,791 45
Oregon 4,214 46 Hawaii 3,932 46 Montana 10,444 46
Pennsylvania 3,654 47 New Mexico 3,760 47 Utah 10,375 47
Colorado 3,022 48 Florida 3,121 48 Louisiana 10,174 48
Vermont 2,816 49 Wyoming 2,761 49 California 9,593 49
New Hampshire 2,360 50 California 2,084 50 Florida 8,919 50
US 6,552 US 5,777 US 12,266
Public Higher
Education Support
Per Student – FY14
Source: FY2014 State Higher
Education Finance Study;
State Higher Education
Executive Officers Association

11. Preliminary 2016-17 Cost Increases
Total State UMW
Cost Funds Funds
Expenditure Drivers
1. Annualize FY16 salary increases $255,300 $99,139 $156,161
2. 3% salary increase- Nov. 2016 958,600 494,355 464,245
3. State fringe benefit rates 648,500 392,379 256,121
4. Utilities, leases, contracts 392,635 - 392,635
5. Univ Ctr - debt/operations 560,000 - 560,000
6. Battleground - debt 165,000 - 165,000
$2,980,035 $985,873 $1,994,162
Requires Tuition & Fee Increase of 3.8%

12. Options to Address Cost Increases
Three primary approaches
• Budget cuts
• Adjust tuition and fees
• Combination of cuts and rate increases

13. -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
W&M VMI UVA VCU CNU VT LU UMW GMU JMU RU ODU UVA-W NSU VSU
2015-16 Tuition & Fee Comparisons
Virginia Public Universities
Full-Time, In-State Commuters
$19,372
$11,070
$8,226

14. -
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
UVA W&M VMI GMU VCU VT ODU LU UVA-W UMW JMU CNU RU NSU VSU
2015-16 Tuition & Fee Comparisons
Virginia Public Universities
Full-Time, Out-of-State Commuters
$43,764
$25,234
$18,398

15. -
5,000
10,000
15,000
20,000
25,000
30,000
35,000
W&M VMI UVA CNU VCU LU UMW GMU VT UVA-W JMU ODU RU VSU NSU
2015-16 Tuition & Fee Comparisons
Virginia Public Universities
Full-Time, In-State, University Housing and Meal Plan
$30,350
$20,764
$17,336

16. -
10,000
20,000
30,000
40,000
50,000
60,000
UVA W&M VMI GMU VCU VT ODU UVA-W LU UMW JMU CNU RU NSU VSU
2015-16 Tuition & Fee Comparison
Virginia Public Universities
Full-Time, Out-of-State, University Housing and Meal Plan
$54,165
$34,928
$28,650

17. Next Steps
• Continue discussions with the Board of
Visitors
• Adopt budget and 2016-17 tuition and fees at
May 2016 meeting of the BOV

18. Questions / Discussion