Operating Budget

Transcription

1 Operating Budget

2 MIAMI UNIVERSITY Operating Budget Fiscal Year CONTENTS Pages Board of Trustees & Executive Officers... 1 Budget Highlights Summary... 4 Total Current Funds Exhibit 1, Operating Budget... 5 Charts A & B, Total Revenues and Total Expenditures & Transfers... 6 Exhibit 2, Operating Budget Oxford Campus... 7 Exhibit 3, Operating Budget Regional Campuses & Learning Center... 8 Exhibit 4, Operating Budget Revenue... 9 Chart C, All Campuses General Fund Revenue Chart D, Oxford Campus General Fund Revenue Charts E & F, Regional Campuses General Fund Revenue Exhibit 5, Operating Budget - Expenditures & Transfers Chart G, All Campuses General Fund Expenditures Chart H, Oxford Campus General Fund Expenditures Chart I, Oxford Campus General Fund Expenditures by University Division Charts J, K & L; Regional Campuses & Learning Center General Fund Expenditures Educational & General Fund Exhibit 6, Educational & General Fund Expenditures & Transfers Oxford Campus Hamilton Campus Middletown Campus VOA Learning Center & Exhibit 6 Total Auxiliary Enterprises Exhibit 7, Auxiliary Enterprise Revenues, Expenditures and Transfers Exhibit 8, Auxiliary Enterprises Operating Budget Chart M, Auxiliary Expenditures General Fee Exhibit 9, General Fee Budget Chart N, Oxford Campus General Fee Budget Responsibility Centered Management Exhibit

3 MIAMI UNIVERSITY FISCAL YEAR Board of Trustees David Budig Chair Mark Ridenour Vice Chair Dennis A. Lieberman Secretary Jagdish K. Bhati Treasurer Sharon J. Michell Robert W. Shroder Stephen P. Wilson C. Michael Gooden National Trustee John Altman National Trustee Terry Hershey National Trustee Robert E. Coletti National Trustee Diane F. Perlmutter National Trustee Mary Adeline R. Lewis Student Members Ciara R. Lawson Student Members Executive Officers David C. Hodge President Phyllis Callahan Provost and Executive Vice President for Academic Affairs David K. Creamer Senior Vice President for Finance and Business Services and Treasurer Michael Kabbaz Vice President for Enrollment Management and Student Success J. Peter Natale Vice President for Information Technology Jayne Brownell Vice President for Student Affairs Tom Herbert Vice President for University Advancement Robin Parker General Counsel Theodore O. Pickerill Secretary, Board of Trustees and Executive Assistant to the President 1

4 MIAMI UNIVERSITY BUDGET HIGHLIGHTS Fiscal Year Budget Environment A number of factors shaped the University s FY 2016 Budget. The State of Ohio adopted its biennial operating budget for the FY 2016 FY The state budget included an increase in the State Share of Instruction. The increased state resources will primarily benefit the Oxford campus. The state budget also included a freeze on instate tuition and provisions focused on improved efficiency, and affordable degree pathways. Budgeted tuition revenues on the Oxford campus for the year benefited from continued enrollment growth. By comparison, enrollments on the Regional campuses were budgeted to decline compared to FY The Strategic Priorities Taskforce recommendations were successfully implemented in FY 2015 and the FY 2016 budget included the implementation of the Miami 2020 productivity goals. In light favorable trends in revenues and expenses on the Oxford campus the budget included investments in faculty and staff compensation and student financial aid. Overall Budget All Campuses Budget Assumptions The FY 2016 Educational and General (E&G) revenue budget increased $32,654,985 or 5.9% as compared to FY The FY 2016 Auxiliary Enterprises budget increased $5,631,075 or 3.7%. Miami University s total FY 2016 budget is $743,159,898 or roughly $2,036,055 per day, and represents a 5.4% increase from last year. Oxford Campus The budget assumed a first year class of 3,700 students. Fifty seven percent (57%) of the incoming class are expected to be Ohio residents, while forty three percent (43%) are expected to come from other states. Tuition is budgeted to increase two percent (2%) for nonresidents and zero percent (0%) for residents. Noteworthy changes in budgeted expenses include a salary increment pool of three percent (3%), additional resources for market adjustments for faculty salaries, an increase in undergraduate scholarships of $7.8 million, and $13.2 million in investments for program improvements. The budget also included net income from productivity & new revenue initiatives of $6.2 million and assumes a budget surplus of $16.4 million. Regional Campuses The budget assumed a slight decline in enrollment and a tuition increase of two percent (2%) for non-residents and zero percent (0%) for Ohio residents. Noteworthy changes in budgeted expenses include a salary increment pool of three percent (3%), increase in undergraduate scholarships of $0.2 million, and $1.1 million in investments in program improvements. The regional campus budget includes $0.6 million in net income from productivity and new revenue initiatives and assumes a budget deficit of $0.3 million. 2

5 Revenues The FY 2016 University revenue budget is comprised as follows: 57.0% Student Tuition and Fees 21.1% Auxiliary Enterprises 9.6% State Appropriations 12.3% Contracts, Sales & Services, Temporary Investments, Endowment Income and Gifts Expenditures The FY 2016 University expenditure budget is comprised as follows: 43.7% Instructional, Research, Public Service, Academic & Student Support 16.9% Auxiliary Enterprises 14.8% Scholarships and Financial Aid 13.3% Institutional Support and Plant Operation & Maintenance 11.3% Debt Service and Other Budget Document An electronic version of the annual Operating Budget can be found on the University Budget Office s website: The University Budget Office welcomes your feedback on any exhibits and charts and is available to address any questions about the University s budget. University Budget Office Staff David Ellis, Associate Vice President for Budgeting & Analysis Donna Rohlfer, Director of Budgeting & Business Transformation Jeff Pidcock, Senior Budget Analyst Weijian Luo, Budget Analyst 3

6 Budget Approved Budget Change from Percent REVENUES & TRANSFERS IN Prior Year Change Educational & General $ 553,918,649 $ 586,573,634 $ 32,654, % Auxiliary Enterprises 150,955, ,586,264 5,631, % Total Revenues $ 704,873,838 $ 743,159,898 $ 38,286, % EXPENDITURES & TRANSFERS 2,036, Educational & General $ 546,785,860 $ 570,462,401 $ 23,676, % Auxiliary Enterprises 150,955, ,586,264 5,631, % Total E&G and Auxiliary Expenditures $ 697,741,049 $ 727,048,666 $ 29,307, % and Transfers Miami University Summary Total University Budget Net Increase (Decrease) in Fund Balance $ 7,132,789 $ 16,111,232 $ 8,978,443 4

7 Exhibit 1 Fiscal Year Operating Budget All Funds This statement reports all current fund revenues & expenditures by function and transfers for the Educational and General Fund and the Auxiliary Enterprises. The format presented shows the budgeted revenue and expense for Oxford and Regional general funds, designated and restricted funds, as well as auxiliary enterprises. The prior year budget is included for comparison purposes.

8 Miami University Exhibit Operating Budget - All Funds Oxford Campus General Funds Regionals General Funds Total General Funds Auxiliary Enterprises Designated Funds Restricted Funds Total All Funds Budget I. REVENUES Tuition, Fees and Other Student Charges 376,253,639 31,558,047 $ 407,811,686 $ - 16,019,737 $ 423,831,423 $ 401,080,117 State Appropriations 58,489,038 11,887,958 70,376, ,200,000 71,576,996 67,334,877 Grants and Contracts 1,170,000 51,000 1,221,000-1,369,726 36,133,500 38,724,226 44,907,255 Gifts ,973,110 15,702,112 17,675,222 13,736,940 Endowment Income ,223,927 4,635,000 6,858,927 5,271,994 Sales and Service 30,000 30,000-1,809,133 1,839,133 3,365,970 Investment Income 4,325, ,000 4,425,000-4,425,000 4,425,000 Other Sources 244, , ,402-15,602,857 2,712,986 18,660,245 11,123,332 Transfers In - 2,982,462 2,982, ,982,462 2,673,164 Total Educational & General Revenues 440,511,677 46,679, ,191,546-38,998,490 60,383, ,573, ,918,649 Auxiliary Enterprise Revenues ,427,578 2,087,881 2,070, ,586, ,955,189 Total Educational & General and 440,511,677 46,679, ,191, ,427,578 41,086,371 62,454, ,159, ,873,838 Auxiliary Revenues II. EXPENDITURES Instruction & Departmental Research 158,339,595 22,251,135 $ 180,590,730 $ - 10,041,947 6,689,861 $ 197,322,538 $ 190,807,648 Separately Budgeted Research 3,820,169 20,000 3,840, ,000 14,775,000 19,345,169 17,613,810 Public Service 42, , ,482-1,016,577 1,360,000 2,578,059 1,443,311 Academic Support 60,155,626 2,406,448 62,562,075-6,039,404 1,337,800 69,939,279 63,240,677 Student Services 16,087,959 4,741,251 20,829,210-6,071,500 1,381,519 28,282,229 24,715,197 Institutional Support 35,179,249 8,451,859 43,631,108-13,898,062 4,152,918 61,682,088 62,838,718 Plant Operation & Maintenance 30,890,647 3,591,774 34,482, , ,500 34,884,920 34,184,066 Scholarships and Fellowships 74,802,373 1,589,276 76,391, ,000 30,536, ,876, ,522,581 Total Educational & General Expenditures 379,317,893 43,210, ,528,843-38,998,490 60,383, ,910, ,366,008 Auxiliary Enterprises Expenditures ,533,094 2,087,881 2,070, ,691, ,221,940 Total Educational & General Expenditures and 379,317,893 43,210, ,528, ,533,094 41,086,371 62,454, ,602, ,587,948 Auxiliary Expenditures III. TRANSFERS-OUT/(IN) Mandatory Transfers Out (Debt Service and Other) 5,222, ,542 $ 5,958,755 42,904,107 $ - $ - $ 48,862,862 $ 44,585,767 Non-mandatory Transfers General Fee 30,151, ,298 30,745,226 (26,158,914) - - 4,586,312 3,619,980 Other Transfers 9,407,110 2,440,379 11,847,489 17,149, ,996,780 31,947,354 Total Educational & General and 44,781,251 3,770,219 48,551,470 33,894, ,445,954 80,153,101 Auxiliary Transfers Total Educational & General and $ 424,099,144 $ 46,981,170 $ 471,080,313 $ 152,427,578 $ 41,086,371 $ 62,454,403 $ 727,048,667 $ 697,741,049 Auxiliary Expenditures & Transfers 5

9 MIAMI UNIVERSITY BUDGET (All Funds) Chart A Total Revenues = $743,159,898 Chart B Total Expenditures = $727,048,666 Grants and Contracts - 5.2% $38.7M Gifts - 2.4% $17.7M Tuition & Fees % $423.8M Transfers % $82.4M Institutional Support - 8.5% $61.7M Student Services - 3.9% $28.3M Instruction and Other Academic Activities % $289.2M Sales & Services/Other - 3.2% $23.5M State Appropriations - 9.6% $71.6M Auxiliaries % $122.7M Endowment Income - 0.9% $6.9M Auxiliaries % $156.6M Investment Income - 0.6% $4.4M Scholarships & Fellowships -14.8% $107.9M Plant O&M - 4.8% $34.9M 6

10 Exhibit 2 Fiscal Year Operating Budget All Funds for Oxford Campus This statement includes all budgeted general, designated, restricted, and auxiliary fund revenues, expenditures and transfers for Oxford Campus only. The prior year budget is included for comparison purposes.

11 Miami University Exhibit Operating Budget - All Funds for Oxford Campus General Designated Restricted Auxiliary I. REVENUES Funds Funds Funds Enterprises Total All Funds-Oxford Budget-Oxford Tuition, Fees and Other Student Charges 376,253,639 15,404,737 $ - $ 391,658,376 $ 364,994,442 State Appropriations 58,489,038-1,200,000-59,689,038 55,848,003 Grants and Contracts 1,170,000 1,275,726 24,774,011-27,219,737 30,358,755 Gifts - 1,972,610 15,247,023-17,219,633 13,486,440 Endowment Income - 2,193,927 4,529,000-6,722,927 5,135,994 Sales and Service 30,000 1,670,180-1,700,180 3,170,970 Investment Income 4,325,000-4,325,000 4,325,000 Other Sources 244,000 15,238,682 2,582,986-18,065,668 10,391,930 Transfers In Total Educational & General Revenues 440,511,677 37,755,862 48,333, ,600, ,711,534 Auxiliary Enterprises Revenues - 2,087,881 2,070, ,427, ,586, ,955,189 Total Educational & General and Auxiliary Revenues 440,511,677 39,843,743 50,403, ,427, ,186, ,666,723 II. EXPENDITURES Educational and General Expenditures Instruction & Departmental Research 158,339,595 9,961,947 6,554,861 $ - $ 174,856,403 $ 168,965,731 Separately Budgeted Research 3,820, ,000 14,100,000-18,520,169 16,943,810 Public Service 42, ,577 1,000,000-1,983, ,747 Academic Support 60,155,626 6,039,404 1,284,800-67,479,830 60,723,556 Student Services 16,087,959 5,600,000 1,291,519-22,979,478 19,581,098 Institutional Support 35,179,249 13,482,934 3,927,829-52,590,012 51,293,578 Plant Operation & Maintenance 30,890, , ,000-31,290,647 30,532,172 Scholarships and Fellowships 74,802, ,000 20,024,011-95,706,384 88,565,081 Total Educational & General Expenditures 379,317,893 37,755,862 48,333, ,406, ,546,773 Auxiliary Enterprises Expenditures - 2,087,881 2,070, ,533, ,691, ,221,940 Total Educational & General and Auxiliary Expenditures 379,317,893 39,843,743 50,403, ,533, ,098, ,768,713 III. TRANSFERS-OUT/(IN) Mandatory Transfers Out (Debt Service and Other) 5,222,213 42,904,107 $ 48,126,320 $ 43,848,712 Non-mandatory Transfers - - General Fee 30,151,928 (26,158,914) 3,993,014 3,038,067 Other Transfers 9,407,110 17,149,291 26,556,401 28,562,620 Total Educational & General and Auxiliary Transfers 44,781, ,894,484 78,675,735 75,449,399 Total Educational & General and $ 424,099,144 $ 39,843,743 $ 50,403,825 $ 152,427,578 $ 666,774,290 $ 632,218,112 Auxiliary Expenditures & Transfers 7

12 Exhibit 3 Fiscal Year Operating Budget All Funds for Regional Campuses & Learning Center This statement includes all E&G fund revenues, expenditures and transfers displayed for each campus and learning center. Designated and restricted funds are included.

13 Miami University Exhibit Operating Budget - All Funds for Regional Campuses and Learning Center I. REVENUES Hamilton Campus Total Hamilton Middletown Campus Total Middletown Total VOA Learning Ctr Total General Funds Designated Restricted All Funds General Funds Designated Restricted All Funds General Funds All Funds-Regionals Budget-Regionals Tuition, Fees and Other Student Charges 19,596, ,000 19,876,344 11,961, ,000 12,296,703 32,173,047 36,085,675 State Appropriations 7,134, ,134,467 4,753, ,753,491 11,887,958 11,486,874 Grants and Contracts 41,000 41,500 7,355,035 7,437,535 10,000 52,500 4,004,454 4,066,954 11,504,489 14,548,500 Gifts - 205, , , , , ,500 Endowment Income - 96,000 96,000 30,000 10,000 40, , ,000 Sales and Service 116, ,953 22,000 22, , ,000 Investment Income 50,000 50,000 50,000 50, , ,000 Other Sources 5, , , ,175 60, ,000 30, ,402 35, , ,402 Transfers In - - 1,827,697-1,827,697 1,154,765 2,982,462 2,673,164 Total Educational & General Revenues 26,826, ,628 7,756,124 35,229,563 18,663, ,000 4,294,454 23,553,747 1,189,765 59,973,075 66,207,115 II. EXPENDITURES Educational and General Expenditures Instruction & Departmental Research 12,803,401 70, ,000 12,998,401 9,444,135 10,000 10,000 9,464,135 3,600 22,466,135 21,841,917 Separately Budgeted Research 20,000 15, , , , , , , ,000 Public Service 159,207 15, , ,207 60,000 10,000 70, , ,564 Academic Support 1,276,129 3,000 1,279,129 1,092,819-50,000 1,142,819 37,500 2,459,448 2,517,122 Student Services 2,734, ,500 40,000 3,170,761 2,002,490 75,000 50,000 2,127,490 4,500 5,302,751 5,134,099 Institutional Support 5,138, , ,089 5,458,968 2,873, ,000 40,000 3,193, ,215 9,092,076 11,545,140 Plant Operation & Maintenance 1,720,875-1,720,875 1,682,999 2, ,685, ,900 3,594,274 3,651,894 Scholarships and Fellowships 723,638 15,000 6,753,035 7,491, ,638 54,000 3,758,954 4,678,592 12,170,265 14,957,500 Total Educational & General Expenditu 24,576, ,628 7,756,124 32,979,015 17,961, ,000 4,294,454 22,852, ,715 56,504,157 60,819,235 III. TRANSFERS-OUT/(IN) Mandatory Transfers Out (Debt Service) , , ,750 $ 736,542 $ 737,930 Non-mandatory Transfers - - $ - General Fee 435, , , ,837 - $ 593,298 $ 581,913 Other Transfers 2,116,388 2,116, , ,691 35,300 $ 2,440,379 $ 3,384,734 Total Educational & General Transfers 2,551, ,551, , , ,050 3,770,219 4,704,577 Total Educational & General Expenditures & Transfers $ 27,128,112 $ 646,628 $ 7,756,124 $ 35,530,864 $ 18,663,293 $ 596,000 $ 4,294,454 $ 23,553,747 $ 1,189,765 $ 60,274,376 $ 65,523,812 8

14 Exhibit 4 Fiscal Year Operating Budget All Funds Revenue This statement reports all current fund revenues in more detail for the Educational and General Fund by campus, Auxiliary Enterprises, and designated and restricted funds.

15 Miami University Exhibit Operating Budget - All Funds Revenue Oxford Campus Hamilton Campus Middletown Campus VOA Learning Ctr Total Auxiliary Designated Restricted General Funds General Funds General Funds General Funds General Funds Enterprises Funds Funds Total All Funds Revenues Tuition, Fees and Other Student Charges Instructional Fee 324,139,684 17,833,790 9,521, ,495,392 $ - $ - $ - $ 351,495,392 Tuition Surcharge 15,973, , ,190 16,627, ,627,703 General Fee 32,539,258 1,072, ,283 34,241, ,241,779 Admission Application 1,300,000 18,500 11,000-1,329, ,329,500 Admission Fee 400,000 16,000 9, , ,700 Commencements 175, , ,000 Charges Unpaid Balance 120, , ,000 Counseling Services 50,000-50, ,000 Credit by Examination 20,000-20, ,000 English Learning Center 1,537,612 1,537,612 1,537,612 Late Payment Fee 400, ,000 50, , ,000 MU Deferred Payment Plan Fee 45,000-45, ,000 Off-Campus Student Connect Fees 360, , ,000 Late Registration 10,000 20,000 5,500-35, ,500 Library Fines 55,000 12,000 2,500-69, ,500 Network Hi Speed Data Access 600, , ,000 Misc & Other Fees 66,500 35,500 2, ,000-16,019,737-16,123,737 Total Tuition, Fees and Other Student Charges 376,253,639 19,596,344 11,961, ,811,686-16,019, ,831,423 State Appropriations Instructional Subsidies 58,489,038 6,809,467 4,353,491-69,651, ,651,996 PSEOP - 325, , , ,000 Other thru Regents ,200,000 1,200,000 Total State Appropriations 58,489,038 7,134,467 4,753,491-70,376, ,200,000 71,576,996 Administrative Mangement Cost Recoveries European Study Center 1, , ,000 Recovered Facilities & Administration 12, , ,000 Recoverd Grant & Contract Facilities & Administration 1,170,000 41,000 10,000-1,221,000-1,369,726 36,133,500 38,724,226 Total Administrative Management Cost Recoveries 1,183,000 41,000 10,000-1,234,000-1,369,726 36,133,500 38,737,226 Other Income Items Gifts ,973,110 15,702,112 17,675,222 Performing Arts Admissions 20, , ,000 Audio Visual 1,000 1,000 1,000 Sale of Surplus Property 10, , ,000 Other Sales & Services ,809,133-1,809,133 Endowment Income ,223,927 4,635,000 6,858,927 InvestmentIncome 4,325,000 50,000 50,000-4,425, ,425,000 Other 230,000 5,000 60,402 35, ,402-15,602,857 2,712,986 18,646,245 Transfer In from Reserves - 1,827,697 1,154,765 2,982, ,982,462 Total Other Income Items 4,586,000 55,000 1,938,099 1,189,765 7,768,864-21,609,027 23,050,098 52,427,989 Auxiliary Enterprises Revenue ,427,578 2,087,881 2,070, ,586,264 Total Educational & General and $ 440,511,677 $ 26,826,811 $ 18,663,293 $ 1,189,765 $ 487,191,546 $ 152,427,578 $ 41,086,371 $ 62,454,403 $ 743,159,898 Auxiliary Revenues 9

16 Chart C ss Miami University BUDGET All Campuses General Fund Revenue $487,191,546 Other Fees - 1.1% $5.4M Other Sources - 1.6% $7.8M Gifts,Grants,and Contracts - 0.3% $1.2M Student Fees % $407.8M General Fee - 7.0% $34.2M Tuition Surcharge - 3.4% $16.6M State Appropriations- 14.4% $70.4M Instructional Fees % $351.5M Total Income Student Fees 10

17 Chart D Miami University BUDGET Oxford Campus General Fund Revenue $440,551,677 Other Sources 1.0% $4.6M Gifts,Grants,and Contracts 0.3% $1.2M Student Fees 85.2% $376.3M Other Fees 0.8% $3.6M General Fee 7.4% $32.5M Tuition Surcharge 3.6% $16.0M Instructional Fees 73.6% $324.1M State Appropriations 13.3% $58.5M Total Income Student Fees 11

18 MIAMI UNIVERSITY BUDGET Regional Campuses General Funds Revenue Chart E Hamilton Campus General Fund Revenue $26,826,811 Chart F Middletown Campus General Fund Revenue $18,663,293 Gifts,Grants,and Contracts - 0.2% $0.0M Other Sources - 0.2% $0.1M Other Fees - 0.8% $0.2M General Fee Student Fees % $19.6M 4.0% $1.1M Tuition Surcharg - 1.7% $0.5M Instructional Fee % $17.8M Gifts,Grants,and Contracts - 0.1% $0.0M Other Sources % $1.9M Student Fees % $12.0M Other Fees - 8.7% $1.6M General Fee - 3.4% $0.6M Tuition Surcharg - 1.0% $0.2M Instructional Fee % $9.5M State Appropriations % $7.1M Total Income Student Fees State Appropriations % $4.8M Total Income Student Fees 12

19 Exhibit 5 Fiscal Year Operating Budget All Funds Expenditures & Transfers This statement reports all current fund expenditures by object of expense and transfers for the Educational and General Fund and the Auxiliary Enterprises. The format presented shows the budgeted expense & transfers for Oxford and Regional general funds, designated and restricted funds, as well as auxiliary enterprises.

20 Miami University Exhibit Operating Budget - All Funds Expenditures & Transfers Oxford Campus Regionals Total Auxiliary Designated Restricted General Funds General Funds General Funds Enterprises Funds Funds Total All Funds Budget Expenditures Salaries Faculty 79,306,746 14,045,363 $ 93,352,109 $ - $ - $ - $ 93,352,109 $ 90,303,156 Unclassified 55,150,837 6,160,212 61,311,049 14,912, ,223,873 72,337,998 Classified 23,337,926 3,198,512 26,536,438 13,939, ,475,848 42,302,718 Total Salaries 157,795,509 23,404, ,199,595 28,852, ,051, ,943,872 Staff Benefits 62,025,798 8,078,937 70,104,735 11,249, ,354,326 79,863,423 Grad Asst/Teach Assoc 10,290,238 10,290, ,290,238 10,027,630 Scholarships/Fee Waviers 102,336,117 1,589, ,925,393 6,026, ,951, ,021,252 Support Costs 46,870,231 10,138,651 57,008,882 72,405, ,414, ,550,218 Other Expenditures - E&G Designated & Restricted ,998,490 60,383,598 99,382,088 94,102,654 Other Expenditures - Auxiliary Designated & Restricted ,087,881 2,070,805 4,158,686 4,078,900 Total Educational & General and Auxiliary Expenditures 379,317,893 43,210, ,528, ,533,094 41,086,371 62,454, ,602, ,587,948 Transfers-Out/(In) Mandatory Transfers Out (Debit Service) 5,222, ,542 $ 5,958,755 42,904, ,862,862 44,585,767 Non-Mandatory Transfers - - General Fee 30,151, ,298 30,745,226 (26,158,914) - - 4,586,312 3,619,980 Other Transfers 9,407,110 2,440,379 11,847,489 17,149, ,996,780 31,947,354 Total Educational & General and Auxiliary Transfers 44,781,251 3,770,219 48,551,470 33,894, ,445,954 80,153,101 Total Educational & General and Auxiliary $ 424,099,144 $ 46,981,170 $ 471,080,313 $ 152,427,578 $ 41,086,371 $ 62,454,403 $ 727,048,667 $ 697,741,050 Expenditures and Transfers 13

21 CHART G a MIAMI UNIVERSITY BUDGET All Campuses General Fund Expenditures $336,409,694 (Exclude Scholarships, Fellowships, Fee Waivers & General Fee) Personnel Costs = 77.8% Support & Utilities (includes net transfers) % $74.8M Faculty Salary % $93.4M Staff Benefits % $70.1M Unclassified Salary % $61.3M Graduate Assistant Salary - 3.1% $10.3M Classified Salary - 7.9% $26.5M 14

22 CHART H as MIAMI UNIVERSITY BUDGET Oxford Campus General Fund Expenditures $291,611,099 (Exclude Scholarships, Fellowships, Fee Waivers & General Fee) Personnel Costs = 78.9% Support & Utilities (includes net transfers) % $61.5M Faculty Salary % $79.3M Staff Benefits % $62.0M Unclassified Salary % $55.2M Graduate Assistant Salary - 3.5% $10.3M Classified Salary - 8.0% $23.3M 15

23 CHART I A Finance & Business Svcs % $45.2M Student Affairs - 2.4% $10.3M MIAMI UNIVERSITY BUDGET Oxford Campus General Fund Expenditures by University Divison $424,099,143 Enrollment Management - 3.1% $13.2M University Advancement - 1.6% $6.6M IT services - 3.6% $15.4M Non-Specific % -$0.6M Academic Affairs % $206.7M Provost - 2.4% $10.1M Libraries - 2.6% $11.1M Research & Grad School - 3.8% $16.3M Engineering & Computing - 2.4% $10.3M Ed, Health & Society - 5.4% $22.9M General Fee & Other Transfers % $44.8M College of Arts & Science % $88.7M Business - 7.4% $31.4M Scholarships & Fin Aid % $72.5M President - 2.3% $9.9M Creative Arts - 3.7% $15.9M 16

24 MIAMI UNIVERSITY BUDGET (Excludes Scholarships, Fellowships, Fee Waivers, & General Fee) Chart J Hamilton Campus General Fund Expenditures $25,969,013 Support & Utilities (includes net transfers) % $7.7M Staff Benefits % $4.7M Classified Salary - 6.9% $1.8M Total Personnel Costs= 70.3% Unclassified Salary % $3.3M Faculty Salary % $8.5M Classified Salary - 7.8% $1.4M Support & Utilities (includes net transfers) % $4.7M Staff Benefits % $3.3M Chart K Middletown Campus General Fund Expenditures $17,639,818 Total Personnel Costs = 73.1% Unclassified Salary % $2.7M Faculty Salary % $5.5M Chart L VOA Learning Center General Fund Expenditures $1,189,765 (Excludes Transfers to reimburse VOA expenses) Total Personnel Costs = 27.3% Unclassified Salary % $0.2M Classified Salary - 3.2% $0.04M Support & Utilities (includes net transfers) % $0.9M 17 Staff Benefits - 7.9% $0.1M

25 Exhibit 6 Fiscal Year Educational & General Fund Expenditures & Transfers The General Fund Expenditure Budget displays general fund budgeted expenditures for for each unit by campus/learning center and by presidential and vice presidential jurisdiction. The General Fund is that portion of the educational and general budget that excludes designated and restricted funds. University Divisions (Oxford Campus): President: This division is made up of various units in addition to the President s Office itself: Commencements & Convocations, Equity & Equal Opportunity, General Counsel, Institutional Relations, Secretary to the Board of Trustees, and Communications, Legislative Liaison. Executive V.P. for Academic Affairs: This division includes the College of Arts & Science; Farmer School of Business; School of Education, Health & Society; School of Engineering & Applied Science; School of Fine Arts; Research, Graduate School & Scholarship; University Libraries; Provost (includes Dolibois European Center-MUDEC); and Scholarships & Financial Aid. V.P. for Finance & Business Services: Finance & Business Services is the steward of Miami University s human, fiscal, and physical resources. The division includes the Budget Office; Business Services; Physical Facilities; the Controller s Office/Accounting; HR; Internal Audit/Consulting Services; Payroll; MU Police; Purchasing/Central Services; and Treasury Services. V.P. for Information Technology Services: The IT Division provides a wide variety of technological services in support of Miami s strategic mission; including academic & institutional support, business & infrastructure services, enterprise information systems, risk, security & compliance, and strategic communications & planning. V.P. of Student Affairs: The Student Affairs Division provides various types of support to students to assist in their success at Miami University. V.P. for University Advancement: In addition to Advancement Services, this division includes Alumni Relations, Development, and Western College Alumnae Association. Regionals: Hamilton and Middletown Campuses: At the regional campuses, students can earn a certificate, an associate's or bachelor s degree and/or take courses prior to transferring to Miami s Oxford campus or other four-year institution for a bachelor's degree. Regional campus students can also complete four-year bachelor's degree programs in Engineering Technology, Business Technologies, Education, and Nursing. Voice of America Learning Center (VOALC): VOA has a wide variety of undergrad courses similar to the two regional campuses mentioned above, and graduate level programs are offered for Education, Health & Society and the Professional MBA program. The Bachelor of Integrative Studies degree is offered at the VOALC as well as Hamilton and Middletown.

26 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget President President 1,000,487 46, , ,942 1,691,269 1,763,218 Commencement and Convocation 218, , ,043 Program Improvements (to be redistributed) , ,350 - Equity and Equal Opportunity 288,480 32, ,077 73, ,973 1,083,034 General Counsel 400,055 36, , , , ,062 Institutional Relations 136,370 55, , , ,984 Secretary to the Board of Trustees 72,236 29,256 78, , ,667 University Communications - 2,088, , , ,597,849 5,693,805 5,590,071 TOTAL PRESIDENT - 3,985, ,751 1,705, ,960,578 9,886,099 10,063,079 Executive V.P. for Academic Affairs College of Arts & Science - Aerospace Studies 39,346 14,530 2,928 56,804 56,335 American Studies 409, ,311 6, , ,267 American Culture and English Program - 139,000 56, , ,999 Anthropology 708,969 34, ,074 1,386 1,045,853 1,064,873 Arts & Science Administration 3,809,929 2,126, ,473 1,848, , ,458 6,615,387 14,970,608 14,147,428 Biology 3,356, , ,197 1,732,546 1,103,941 1,548, ,585 8,867,369 8,548,547 Black World Studies 83,898 33, , ,444 Chemistry & Biochemistry 2,436, , ,711 1,159, ,828 1,032,156 59,829 6,001,000 5,939,497 Classics 339, , , ,124 Comparative Religion 489,422 20, ,387 37,611 81,486 1, , ,076 Ecology Research Center 45,000 18, ,901 69,126 68,624 English 3,686,107 40, ,850 1,564,162 1,017,525 1,629,720 68,728 8,152,262 7,975,810 French & Italian 732,254 35, ,875 92, ,134 4,483 1,365,628 1,299,839 Geography 1,009,035 56,943 38, , , ,620 5,006 1,955,342 1,874,628 Geology 1,076, ,615 81, , , ,754 10,166 2,584,742 2,461,101 18

27 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget German Russian & East Asian Languages 1,035,493 81, ,507 3,049 1,566,080 1,495,681 History 2,115,018 48, , , ,916 13,894 3,783,924 3,634,292 Institute of Environment & Sustainability 2, ,517 41, ,466 64, ,810 1, , ,166 Instrumentation Laboratory 221,798 86, , ,205 Interactive Language Resource Center 64,398 26, ,479 87,950 International Studies 218,564 59, , , ,748 Latin American, Latino/a & Caribbean Studies 187,409 75, , ,076 Media Journalism & Film Studies 2,120, , , , ,874 3,322,438 3,142,157 Mathematics 2,693,062-73,341 1,102, , ,916 10,868 4,674,173 4,305,219 Microbiology 1,095, ,766 97, , , ,078 18,471 2,723,384 2,676,990 Naval Science 36,400 14,742 2,801 53,943 50,582 Philosophy 749,054 27, ,335 61, ,810 2,730 1,290,560 1,236,852 Physics 1,226,069 56,327 71, , , ,754 8,264 2,647,687 2,591,084 Political Science 2,225,966 68, , , ,420 14,718 4,058,564 3,907,121 Psychology 2,514,489 88, ,477 1,095, ,211 1,032,156 67,019 5,568,309 5,601,078 Sociology & Gerontology 1,620,872 32, , , ,212 7,718 3,448,996 3,362,742 Spanish & Portuguese 1,314,807 32, , ,018 1,896,262 1,897,895 Speech Pathology & Audiology 683,721 69,046 68, , , ,754 2,572 1,772,835 1,696,915 Statistics 992,649 69,426 31, , , ,458 9,623 1,923,809 1,778,766 Western Program 489,441 45, ,578 5, , ,729 Women's, Gender, &Sexuality Studies 194,501 69, , ,237 Zoology - 12,000 SUB-TOTAL 39,617,386 4,481,893 2,125,610 17,854,044 6,785,072 10,674,846 7,121,064 88,659,915 85,682,077 Farmer School of Business Accountancy 2,532,720 55,507 62,650 1,073, ,801 3,770,283 3,146,662 Decision Sciences & MIS 2,211,624 31, , ,456 3,156,647 3,092,146 Economics 2,141,151 56, , ,723 3,095,659 3,250,210 Farmer School of Business Administration 2,215,859 1,897, ,992 1,570, , ,346 3,192,534 10,374,030 8,393,969 Finance 2,424,771 35, , ,523 3,460,510 3,308,768 Highwire Brand Studio 17,729 7,180 34,746 59,655 58,899 Management 2,545,687 51,074 1,051, ,373 3,654,822 3,462,929 Marketing 2,633,523 56,190 1,089, ,510 3,784,557 4,050,182 SUB-TOTAL 16,705,335 1,952, ,237 7,587, , ,346 3,301,666 31,356,163 28,763,765 19

28 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget College of Education, Health & Society Clinical/Field Experiences - 359, , ,000 Education, Health & Society Admin 2,041,264 1,238, ,730 1,110, , ,944 2,056,769 7,227,149 6,767,968 Educational Leadership 1,645,401 53, , , ,402 17,802 3,312,535 3,298,502 Educational Psychology 1,466,410 99,425 69, , , ,782 86,082 2,803,097 2,537,155 Family Studies & Social Work 954,566 52, ,852 77, ,972 2,277 1,640,265 1,549,797 Kinesiology and Health 2,161,067 53, , , , ,754 6,820 3,957,383 3,964,761 Teacher Education 2,079, , , , , ,620 16,265 3,638,993 3,489,890 SUB-TOTAL 10,348,089 1,505, ,698 4,683,030 1,044,122 2,091,474 2,545,220 22,938,627 22,022,073 College of Engineering & Computing Chemical & Paper Engineering 926,659 71,636 44, ,446 1,000 1,466,523 1,399,512 Computer Science & Software Engineering 1,358,141-42, ,282 1,500 1,969,478 1,907,251 Electrical & Computer Engineering 937,069 66,476 32, , ,455,278 1,374,666 Engineering & Applied Science Administration 318, , , , , , ,659 3,377,889 3,396,822 Mechanical & Manufacturing Engineering 1,351,130 61,773 38, , ,039,515 2,093,193 SUB-TOTAL 4,891,482 1,114, ,647 2,482, , , ,159 10,308,683 10,171,444 College of Creative Arts Architecture & Interior Design 1,404,067 81,585 70, , , ,402 37,306 2,904,104 2,820,582 Art 1,524, ,061 81, , , ,944 36,996 2,967,037 2,855,327 Art Center - 42,058 17,033 25,658 54,324 12, , ,402 Art Museum 378,989 70, ,869 24, , ,301 Creative Arts Administration 1,090, ,882 38, , ,327 3,353,537 3,207,353 Music 2,253,056 80,373 71, , , ,592 32,952 4,043,975 3,881,514 Performing Arts Series 138,153 20,467 64, , , ,328 Theatre 653, ,028 48, ,733 76, ,972 14,410 1,434,922 1,412,623 SUB-TOTAL 6,925,326 1,655, ,298 3,523, ,338 1,548,234 1,202,567 15,903,013 15,348,430 Research, Graduate School & Scholarship Doctoral Dissertation Fellowship 560, , ,852 Graduate Summer Fellowships 1,645,240 1,645,240 1,612,980 Instructional Grant Fee Waiver 4,829,173 4,829,173 4,734,293 Research, Graduate School & Scholarship 136, , , , ,573 4,103, ,299 6,892,028 6,757,417 Scripps Foundation 229,790 77, ,329 14,779 27,162 30, , ,282 University Summer Scholars 1,096,400 56,000 1,152,400 1,136,000 Hughes Scholars 172, , ,000 Comm. Faculty Research 186, , , ,000 GR Winter Fee Waivers 102, , ,000 SUB-TOTAL 136,292 1,202, , , ,556 12,808, ,851 16,305,538 16,306,824 20

29 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget University Libraries Art/Architecture Library 59,408 69,597 52, , ,236 B.E.S.T. Library 402, , , , ,905 King Library 2,646, ,285 1,457,143 58, ,910 4,721,144 9,944,795 9,942,990 Music Library 61,599 70,221 53, , ,355 SUB-TOTAL - 3,170,479 1,276,431 1,800,998 58, ,910 4,721,144 11,137,676 11,094,486 Provost Advanced Learning Technologies 499, ,136 66, , ,812 Center for American & World Cultures 46, ,385-75,659 69, , ,226 Credit Workshops - 1,000 Center for Enhancement of Learning & Teaching 137,517 71,490 84, , , ,929 Dolibois European Center (MUDEC) 472, , , ,715 2,205,631 2,534,410 International Education 308, ,044 43, , ,191 Liberal Education 62,232 37,856 40,536 22, , ,362 Lifelong Learning 419,382 38, , , , ,620 McGuffey Museum - - 4,500 4,500 5,000 Office of Institutional Research 163,767 66,326 39, , ,212 Study Abroad 7,351 7,351 Secretary of the University ,521 45, ,696 University Honors Program 38, ,775 42, , , , ,383 VP for Academic Affairs-Provost 26,191 1,777, , , ,171 3,738,991 3,852,624 Budget Reallocation - - (349,149) Program Improvements (to be redistributed) - 160, ,000 1,635,000 SUB-TOTAL 582,836 4,681, ,453 2,261, ,089,655 10,054,024 11,809,316 TOTAL ACADEMIC DIVISION 79,206,746 19,764,535 6,228,269 40,779,599 9,816,575 28,726,590 22,141, ,663, ,198,415 21

30 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget V.P. for Enrollment Management and Student Success Admission 1,403,454 62, ,915 24,017 54, ,846 3,068,164 3,032,952 Bursar 421, , , ,850 1,281,569 1,257,747 Office of Enrollment Management 992, , ,013-1,748,488 2,131,358 Office of the Registrar 751, , ,644 88,736 1,391,897 1,319,730 Student Financial Assistance 821, , , ,949 1,576,994 1,572,433 Enrollment Management & Student Success 1,304,960 90, ,128 1,621,602 3,582,108 - Operations, Communication, and Technology , ,500 - SUB-TOTAL - 5,695,328 1,107,332 2,754,236 24,017 54,324 3,581,483 13,216,720 9,314,220 Scholarships & Financial Aid Miami Scholarships 55,447,656 55,447,656 49,398,000 Fee Waivers, Foreign Student 1,600,000 1,600,000 1,600,000 Transfer Cohort 1,900,000 1,900,000 1,882,135 Tuition Discounts Total 58,947,656 58,947,656 52,880,135 Evans Scholars 406, ,000 - Fee Waivers, Graduate 528, , ,000 Fee Waivers, University 560, , ,232 Fee Waivers, Undergraduate Winter 1,224,000 1,224,000 - Fee Waivers, Miami Tribe 708, , ,593 Fee Waivers, Out of State 657, , ,809 Fee Waivers, Study Abroad 510, ,000 Fee Waivers, Athlete Out of State 2,759,401 2,759,401 2,705,295 Fee Waivers, ROTC Room Board 279, , ,174 General Scholarships ,000 Harrison Scholars 900, , ,000 Honors Program 312, , ,000 Liaoning Normal Univ. ESL Students 200, ,000 96,743 Lux Waiver 96,879 96,879 94,979 Miami Access 1,000,000 1,000,000 1,000,000 Miami Success ,000 MU-OCG Match ,573 Music Department Scholarships 728, , ,000 Post Secondary Enrollment Options 300, , ,800 President's Fifth Year and Summer Scholarships 250, , ,000 Pathwanys Grant 81,878 81,878 43,773 S.E.O.G 330, , ,000 TEAM, K-12 Ohio Educators 1,314,639 1,314,639 1,314,639 Underwater Scholarship Support 100, , ,000 Other Student Financial Assistance 300, , ,600 SUB-TOTAL ,494,164-72,494,164 63,458,345 TOTAL ENROLLMENT MANAGEMENT AND STUDENT SUCCESS - 5,695,328 1,107,332 2,754,236 24,017 72,548,488 3,581,483 85,710,884 72,772,565 22

31 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget V.P. for Finance & Business Services VP of Finance Endowment Management Fee 508, , ,250 Finance and Business Services 608, , , ,064 1,628,740 1,485,645 Associate VP for Finance - Accounts Payable 144, , ,964 34, , ,050 Air Transportation Services 170, , ,500 Controllers Office 46,000 19,230 26,418 54, , ,116 General Accounting 559,877 79, ,834 16, , ,959 Purchasing & Central Services 573,469 34, ,075 22, , ,654 Treasury Services 406,032 19, ,231 69, , ,486 University Mail Services 63, ,515 66,527 90, , ,173 Associate VP for Budgeting & Analysis - University Budget 414, ,798 21, , ,595 Associate VP for Physical Facilities - Building & Special Services 213,293 4,041,835 1,706, ,038 6,219,821 5,986,535 Building Maintenance 383,181 4,045,710 1,793,701 (1,333,391) 4,889,201 4,629,796 Grounds 51,250 1,067, , ,250 1,869,856 1,829,295 Information Systems Management ,329 71,329 71,329 Operation of Motor Vehicles 183,537 66, , , ,956 Physical Facilities 511, , , ,055 1,533,487 1,408,650 Planning, Architecture & Engineerng 1,351,833 39, ,978 51,023 1,987,104 2,011,199 Purchased Utilities 13,279,424 13,279,424 13,346,156 Recycling ,813 27,162-38,975 89,086 Special Facilities 427, , , , ,801 Training & Staff Development 78,177 78,177 78,177 Trucking & Special Services 61, , ,330 14, , ,587 Human Resources Department 620,705 73, , ,759 1,107,542 1,105,899 Human Resources Administration 228,388 92, , , , ,636 HR Benefit Services 52,913 72,509 50,796 10, , ,172 HR Labor Relations 105,964 28,600 54,498 37, , ,975 HR Staff Development 101,791 76,128 72, , , ,948 Payroll Services 94,300 73,882 68,114 40, , ,993 Environmental Health & Safety 480,607 15, ,964 75, , ,002 Internal Audit & Consulting Svcs 216,818 87, , , ,668 Miami University Police 817,590 1,504, , ,146 3,464,295 3,385,353 Budget Reallocation - - (65,679) (65,679) (237,250) - TOTAL FINANCE & BUSINESS SERVICES - 8,108,952 12,877,371 8,441,716 11,813 27,162 15,781,213 45,248,227 44,185,391 23

32 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget V.P. for Information Technology Services Computing & Communication Service 3,023, ,667 1,292, ,548 5,337,387 4,713,341 Information Systems & Services 2,034, ,045-2,858,724 2,775,213 Information Security Office 156,260 63, , ,927 Information Technology Services 1,490, , , ,155,706 4,461,446 4,097,426 Office of the Deputy CIO 1,569, , ,768 22,150 2,383,827 2,525,002 Offive of the VP of IT 178, , ,262 Program Improvements (to be redistributed) ,915 TOTAL INFORMATION TECHNOLOGY - 8,274, ,767 3,525, ,208,904 15,439,429 15,057,086 V.P. for Student Affairs VP of Student Affairs 795, , , ,363 1,500,734 1,477,087 Assoc VP & Dean of Students 101,550-41,128 12,009 27, , , ,891 Community Outreach Program 40,644 12,514 8,000 61,158 67,155 Ethics & Student Conflict Resolution 118,444 62,150 73,141 20, , ,891 Office of Diversity Affairs 169,675 30,909 81,236 41, , ,074 Residence Life Program 1,130,471 49, , , ,933 (2,632,760) 12,552 43,507 Scholastic Assistance 427, , ,713 66, ,810 98,350 1,045, ,258 Scholastic Enhancement Program ,593 36, ,188 GLBT Programming 46,350 18,772 8,751 73,873 71,976 Assistant VP Student Health Services - Health Education 105,750 42,829 23, , ,703 Student Counseling Services 899,300 59, ,141 31,151 54,324 55,066 1,487,054 1,262,209 Women's Center 71,400 50,107 49, , , ,252 Women's Services Programs 47,700 19,319 4,000 71, ,826 Assistant VP Student Leadership 37,350 15,127 12,009 27,162 2,856 94,504 40,415 Alexander Office of Fraternal Life 130,000 33,675 66,288 12,009 27,162 16, , ,471 Community Engagement and Service 160,500 37,449 80,169 26, , ,579 Office of Career Services 520, , ,779 12,009 27,162 69,373 1,052,876 1,004,182 Student Activities and Leadership 120,750 37,837 64,228 12,009 27,162 28, , ,068 Heritage 15,376 6,227 15,721 37,324 36,521 Student Organizations 6,624 2,683 1,982,326 1,991,633 1,991,633 Student Disability 453, ,648 63, ,391 TOTAL STUDENT AFFAIRS - 5,343, ,836 2,494, ,833 1,033, ,276 10,344,781 9,268,886 24

33 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget V.P. for University Advancement VP of University Advancement 792, , ,500 58,569 1,388,981 1,416,977 Advancement Services 337, , , , ,368 1,211,742 Development 1,521, , , ,793 2,614,213 2,565,785 Office of Alumni Relations 813, , , ,910 1,529,477 1,201,220 Western College Alumnae Association 21,006 55,952 27, , ,434 TOTAL UNIVERSITY ADVANCEMENT - 3,486, ,300 1,780, ,520 6,597,464 6,501,158 Division Non-Specific Institutional Liability & Property Insurance 1,104,249 1,104,249 1,056,428 Institutional Membership & Miscellaneous 448, , ,352 University Contingency & Other 40,000 16,200-3,015,305 3,071,505 3,950,255 University Personnel Programming 100, , , ,854 1,661,209 1,842,494 Auxiliary Administrative Service Charge (5,137,792) (5,137,792) (5,000,452) Inter-Campus Indirect Cost (2,968,932) (2,968,932) (3,121,946) Budget Reductions/Adjustments 67,175-48,854 1,132,607 1,248,636 1,631,408 Program Improvement TOTAL DIVISION NON-SPECIFIC 100, , , , (2,406,069) (572,631) 762,539 Transfers Mandatory Transfers Out (Debt Service) 5,222,213 5,222,213 5,617,889 Non-Mandatory Transfers - General Fee 30,151,928 30,151,928 28,777,847 Renewals & Replacements 7,980,000 7,980,000 7,980,000 Other Transfers 1,427,110 1,427,110 1,340,414 TOTAL TRANSFERS ,781,251 44,781,251 43,716,150 TOTAL OXFORD CAMPUS 79,306,746 55,150,837 23,337,926 62,025,798 10,290, ,336,117 91,651, ,099, ,525,269 25

34 Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget College of Professional Studies and Applied Sciences Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Hamilton Campus Instruction & Departmental Research Accountancy Anthropology 112,298 45, , ,101 Art 191,110 77,400 1, , ,647 Biology 418,669 90, ,843 8, , ,876 Botany 34,000 34,000 Business Technology 350,011 33, ,468 6, , ,147 Chemistry & Biochemistry 132,797 53,783 1, , ,895 Communication 95,988 30, , ,385 Computer & Information Technology 550,365 10, ,347 3, , ,408 Computer Science & Sys Analysis 21,715 8,795-30,510 29,706 Credit Hour Faculty and Overload 1,700, ,501 1,980,501 1,922,250 Credit Workshops 50,000 50,000 20,000 Criminal Justice-Hamilton 535, ,599 7, , ,636 Economics 54,141 21, ,190 74,698 Educational Leadership Educational Psychology Engineering Technology 392,713 20,980 63, ,218 28, , ,993 English 674, ,914 5, , ,056 Family Studies & Social Work 106,162 42, , ,208 Geography 67,257 27, ,133 90,974 Geology 72,541 29, ,195 98,107 History 319,276 32, , , ,727 Integrative Studies 306, ,206 19, , ,709 Kinesiology & Health 54,943 22, ,145 76,599 Mathematics 325, , , ,170 Microbiology 85,014 34,431 2, ,445 89,856 Music 56,437 22, ,464 79,464 Nursing 776,671 45,479 66, ,159 32,738 1,265,451 1,235,455 Other Institutional Support 25,000 30,000 10,000 26,325 91,325 77,275 Other Instruction 19,800 19,800 Philosophy 55,000 22, ,347 77,347 Physics 127,218 28,891 63, , ,007 Political Science 41,320 6, ,563 47,957 Psychology 56,555 22, ,715 77,642 Sociology and Gerontology 203,395 73, , ,933 26

35 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Hamilton Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Spanish/Portuguese 108,263 43, , ,646 Statistics 75,019 30, , ,731 Summer Instruction 725, , , ,075 Teacher Education 39,780 16, ,291 60,815 Theatre 59,818 24,226 3,655 87,699 83,962 Zoology 5,500 5,500 5,500 Regional Campus Dean (552,558) (206,325) - (758,883) SUB-TOTAL 8,342, , ,906 2,746, ,409 11,777,490 11,821,107 Academic Support Computer Facilities 216,834 65, , , , ,296 Hamilton Honors Program 10,000 10,000 10,000 Library 192,616 65,748 99, , , ,364 SUB-TOTAL - 409, , , ,209 1,198,149 1,204,660 Institutional Support Business Services 7, ,962 89,360 1,202,491 1,512,493 1,427,075 Hamilton Campus-Admin 179,273 1,269, , , , ,444 2,943,051 3,209,060 Program Improvements (to be redistributed) - 61,530 SUB-TOTAL 179,273 1,277, , , ,000 1,614,935 4,455,544 4,697,665 Student Affairs Admission & Financial Aid 282, , ,405 71, , ,998 Minority Affairs 31,500 27,082 23,726 38, , ,047 Student Services-Hamilton Campus 742, , , ,700 1,530,431 1,689,144 SUB-TOTAL - 1,056, , , ,200 2,314,397 2,346,189 Plant Operation & Maintenance Physical Facilities 78, , , ,807 1,667, ,579 Purchased Utilities - 700,000 SUB-TOTAL - 78, , , ,807 1,667,875 1,661,579 University Advancement Development 127,376 51,587 2, , ,566 Public Relations/Marketing 134,433 49,296 74, , , ,803 SUB-TOTAL - 261,809 49, , , , ,369 Scholarships & Fellowships Instructional Grant Fee Waiver 10,000 10,000 10,000 Need Based Multicultural Award 175, , ,000 Undergraduate Fees Waived 50,000 50,000 50,000 SUB-TOTAL , , ,000 27

36 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Hamilton Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Division Non-Specific Post Secondary Enrollment Options 368, , ,000 Inter-Campus Indirect Cost 1,832,517 1,832,517 1,962,300 SUB-TOTAL ,638 1,832,517 2,201,155 2,322,300 Transfers Mandatory Transfers Out (Debt Service) Non-Mandatory Transfers - General Fee 435, , ,696 Renewals & Replacements - 1,253,953 Other Transfers 2,116,388 2,116,388 1,806,640 SUB-TOTAL ,551,849 2,551,849 3,494,289 TOTAL HAMILTON CAMPUS 8,522,115 3,280,723 1,792,912 4,665, ,638 8,143,476 27,128,112 28,497,158 Percentages by University Budget Unit - Hamilton Campus Instruction & Departmental Research 43.4% University Advancement 2.7% Academic Support 4.4% Scholarships & Fellowships 0.9% Institutional Support 16.4% Division Non-Specific 8.1% Student Affairs 8.5% General Fee and Other Transfers 9.4% Plant Operation & Maintenance 6.1% Total 100.0% 28

37 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Middletown Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs Total Budget College of Professional Studies and Applied Sciences Instruction & Departmental Research Accountancy ,418 American Studies Anthropology 60,728 24,595 85,323 83,384 Art 97,233 32,991 1, , ,400 Biology 378,583 32, ,503 7, , ,948 Business Technology 328,241 19, ,581 14, , ,062 Chemistry & Biochemistry 174,402 41,770 87,550 10, , ,915 Classics Communication 39,326 15,927 1,068 56,321 46,044 Comparative Religion Computer & Information Technology 271,560 19, ,080 13, , ,263 Credit Hour Faculty and Overload 950, ,751 1,106, ,111 Credit Workshops 60,000 60,000 20,000 Criminal Justice 5,000 5,000 Decision Science & MIS - 95 Economics ,341 Educational Leadership Educational Psychology 58,700 23, ,602 77,403 Engineering Technology 309,163 21,012 44, ,545 33, , ,141 English 625, ,706 12, , ,160 Family Studies & Social Work French & Italian 55,000 22, ,821 77,821 Geography 57,255 23, ,576 78,785 Geology 46,184 18,705 1,050 65,939 64,178 German Russian & East Asian History 221,153 89,567 1, , ,439 Humanities & Fine Arts 7,957 7,957 7,957 Kinesiology & Health 99,609 40,342 1, , ,356 Math/Science/EDT Coordinator 264,342 10,881 89,974 11, , ,040 Microbiology 156,576 56,509 1, , ,917 Music 32,833 13, ,783 45,495 Nursing 632, ,299 29, ,967 24,555 1,120,687 1,057,411 Philosophy 73,595 29, , ,474 Physics 58,127 23, ,418 83,180 29

38 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Middletown Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs Total Budget Political Science 89,248 36, , ,107 Psychology 167,198 67,715 1, , ,661 Social Science Coordinator 3,611 3,611 3,611 Sociology and Gerontology 152,651-61,824 39, , ,742 Spanish/Portuguese 123,331 49,949 1, , ,607 Statistics 43,050 17,435 60,485 69,900 Summer Instruction 585,000 96, , ,050 Teacher Education 102,326-41,442 1, , ,931 Theatre 16,373 6, ,479 23,251 Regional Campus Dean (977,394) (377,274) (1,354,668) SUB-TOTAL 5,292, , ,986 1,788, ,766 7,679,132 8,788,160 Academic Support Computer Facilities 138,315 27,706 67, , , ,158 Gardner Harvey Library 189,464 62, , , , ,823 SUB-TOTAL - 327,779 90, , , , ,981 Institutional Support Assoc Dean-Middletown Campus 110,287 8,863 73,867 78, , , ,450 Dir Business Services 121,272 49, , , ,394 English Learning Center 17,000 17,000 17,000 Middletown Campus-Admin 120, , , ,766 25, ,085 2,021,442 2,066,557 Program Improvements (to be redistributed) - 61,530 SUB-TOTAL 230, , , ,054-25,000 1,081,172 3,095,106 3,083,931 Student Services Dir Student Affairs 140,688 34,112 70,794 53, , ,666 Enrollment Services 277, , ,922 90, , ,200 Student Activities & Athletics 55,000 9,075 59, , ,712 Student Services 510,471 32, ,732 76, , ,299 Student Success Initiatives 12,110 12,110 12,110 SUB-TOTAL - 983, , , ,039 1,991,892 1,875,987 Plant Operation & Maintenance Physical Facilities 101, , , ,441 1,682,999 1,750,915 SUB-TOTAL - 101, , , ,441 1,682,999 1,750,915 Public Service Development 127,376 38,563 67,205 14, , ,195 Public Relations/Marketing 112,074 34,728 44, , , ,361 SUB-TOTAL - 239,450 73, , , , ,556 30

39 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Middletown Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs Total Budget Scholarships & Fellowships Instructional Grant Fee Waiver 10,000 10,000 10,000 Need Based Multicultural Award 175, , ,000 Undergraduate Fees Waived 35,000 35,000 35,000 SUB-TOTAL , , ,000 Division Non-Specific Post Secondary Enrollment Options 620, , ,000 Inter-Campus Indirect Cost 1,136,415 1,136,415 1,159,646 SUB-TOTAL ,638 1,136,415 1,757,053 1,544,646 Transfers Mandatory Transfers Out 254, , ,180 Non-Mandatory Transfers - General Fee 157, , ,217 Renewals & Replacements Other Transfers 288, , ,841 SUB-TOTAL , , ,238 TOTAL MIDDLETOWN CAMPUS 5,523,248 2,686,085 1,368,049 3,320, ,638 4,900,121 18,663,293 19,475,414 Percentages by University Budget Unit - Middletown Campus Instruction & Departmental Research 41.1% Public Service 2.9% Academic Support 5.3% Scholarships & Fellowships 1.2% Institutional Support 16.6% Division Non-Specific 9.4% Student Services 10.7% General Fee and Other Transfers 3.8% Plant Operation & Maintenance 9.0% Total 100.0% 31

40 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - VOA Learning Center & GRAND TOTAL Salaries Staff Grad Asst Scholarships/ Support Faculty Unclassified Classified Benefits Teach Assoc Fee Waivers Costs Total Budget Academic Support Information Technology Operations 37,500 37,500 69,500 SUB-TOTAL ,500 37,500 69,500 Institutional Support Administrative and General 191,078 37,315 92,499 14, , ,793 SUB-TOTAL - 191,078 37,315 92, , , ,793 Student Services VOA Student Services 4,500 4,500 4,500 SUB-TOTAL ,500 4,500 4,500 Plant Operation & Maintenance Physical Facilities 128, , ,000 Purchased Utilities 59,900 59,900 59,900 SUB-TOTAL , , ,900 Division Non-Specific Alumni & Development 10,250 10,250 10,250 Data & Telecommunication 32,000 32,000 Insurance 3,000 3,000 3,000 Marketing & Promotion 24,000 24,000 24,000 Memberships & Sponsorships 3,000 3,000 3,000 Postage 4,000 4,000 4,000 Printing & Copying Services 6,500 6,500 6,500 Safety & Security 21,000 21,000 21,000 VOA Appropriation Unit - Perm 2, ,038 3,600 3,747 SUB-TOTAL - 2, , , ,350 75,497 Transfers Mandatory Transfers Out 481, , ,875 Non-Mandatory Transfers Renewals & Replacements 35,300 35,300 35,300 SUB-TOTAL , , ,175 TOTAL VOA LEARNING CENTER - 193,404 37,551 93, ,273 1,189,765 1,185,365 GRAND TOTAL 93,352,109 61,311,048 26,536,438 70,104,735 10,290, ,925, ,560, ,080, ,683,206 32

41 Exhibit 7 Fiscal Year Auxiliary Enterprise Revenues, Expenditures and Transfers This statement includes all budgeted auxiliary enterprise current fund revenues, expenditures and transfers. Designated and restricted funds associated with auxiliary enterprises are included. Prior year budget is also included for comparison purposes.

42 Miami University Exhibit Auxiliary Enterprise Revenues, Expenditures and Transfers Auxiliary Designated Restricted Total Funds Funds Funds All Funds-Auxiliaries Budget I. REVENUES Housing, Dining, Recreation & Business Services Residence and Dining Halls 99,106, ,000 99,211,340 96,693,023 (HDRBS) Shriver Center 27,031, ,507 30,000 27,239,128 24,039,345 Marcum Conference Center 1,511,562 20,000 3,000 1,534,562 1,514,690 Goggin Ice Center 3,157,940-50,000 3,207,940 4,743,803 Recreational Sports Center 3,463,860 1,300,000 2,000 4,765,860 2,936,712 Total HDRBS Revenues 134,271,323 1,497, , ,958, ,927,573 Other Auxiliaries Intercollegiate Athletics 6,385, ,374 1,877,805 8,854,062 8,870,071 Millett Hall (Student Facilities) 33, ,000 20,295 Telecommunications - - 1,019,500 Transportation Services 4,521,824 4,521,824 4,009,620 Aviation Services 148, , ,916 Student Health Service 2,252,538 2,252,538 1,797,300 Armstrong Student Center 3,915,177 3,000 3,918,177 4,142,026 Utility Enterprise (shown as expense recoveries below) Transfer In 899, ,727 1,017,888 TOTAL AUXILIARY ENTERPRISES REVENUES & TRANSFERS 152,427,578 2,087,881 2,070, ,586, ,955,189 II. EXPENDITURES Housing, Dining, Recreation & Business Services Residence and Dining Halls 59,606, ,000 59,711,752 58,158,877 (HDRBS) Shriver Center 24,872, ,507 30,000 25,080,036 23,627,342 Marcum Conference Center 1,487,639 20,000 3,000 1,510,639 1,423,571 Goggin Ice Center 6,065,447 50,000 6,115,447 4,622,040 Recreational Sports Center 3,371,226 1,300,000 2,000 4,673,226 5,838,199 Total HDRBS Revenues 95,403,593 1,497, ,000 97,091,100 93,670,029 Other Auxiliaries Intercollegiate Athletics 23,984, ,374 1,877,805 26,452,482 25,908,306 Millett Hall (Student Facilities) 413, , ,662 Telecommunications ,535 Transportation Services 2,649,333 2,649,333 2,429,160 Aviation Services 219, , ,212 Student Health Service 2,242,345 2,242,345 2,208,912 Armstrong Student Center 1,523,687 3,000 1,526,687 1,323,878 Utility Enterprise - Recoveries (23,774,159) - - (23,774,159) (23,775,454) Expenditures 15,870, ,870,503 15,968, ,533,094 2,087,881 2,070, ,691, ,221,940 III. TRANSFERS-OUT/(IN) Mandatory Transfers Out Debt Service 42,904,107 $ - $ - $ 42,904,107 $ 38,230,823 Non-Mandatory Transfers General Fee (26,158,914) - - (26,158,914) (25,739,780) Other Transfers 17,149, ,149,291 19,242,206 Total Auxiliary Enterprises Transfers 33,894, ,894,484 31,733,249 TOTAL AUXILIARY ENTERPRISES EXPENDITURES & TRANSFERS $ 152,427,578 $ 2,087,881 $ 2,070,805 $ 156,586,264 $ 150,955,189 33

43 Exhibit 8 Fiscal Year Auxiliary Enterprises Operating Budget (All Funds) The Auxiliary Enterprises Budget displays income, expenditures, and transfers for each auxiliary enterprise in more detail. Housing, Dining, Recreation & Business Services Residence & Dining Halls: Provides Miami University with housing, dining, and various guest services. Shriver Center: Shriver Center houses the Bookstore, Box Office, food service, convenience store, and other student services. Marcum Conference Center: Marcum Center accommodates Miami visitors and students, faculty, and staff with its guest rooms, meeting/banquet space, & food services. It is used primarily for conferences, workshops, meetings, receptions, banquets, and overnight stays. Goggin Ice Center: In addition to being the location of Miami RedHawks Ice Hockey team, Goggin is available for public skating, skating lessons & camps, junior RedHawks teams, figure skating, synchronized skating, intramural sports, and hockey/skating clubs. Recreational Sports Center: This center has various sporting activities and facilities available for students, faculty, staff, and the public. They include aquatics, club sports, the equestrian center, fitness center, group fitness classes, intramurals, kids activities, and the outdoor pursuit center. Other Auxiliaries Intercollegiate Athletics: ICA supports the Miami sports teams that compete, including Baseball, Basketball, Football, Golf, Ice Hockey, Soccer, Swimming, Tennis, Track, Cheerleading, Field Hockey, Precision Skating, Softball, & Volleyball. Millett Hall (Student Facilities): This facility is used as a multi-purpose arena primarily for athletics, performing arts, lectures, and exhibitions. Telecommunications: Part of IT Services, Telecom provides cellular services to Miami University employees. Transportation Services: This auxiliary includes the Miami Metro Bus service, Parking facilities, the Campus Avenue Garage and North Campus Garage. Aviation Services: The Miami University airport s main role is to serve the aviation needs of the University, parents, local recreational pilots, and to support local and business activities. Among the services are secure aircraft storage and fuel sales. Student Health Service: This auxiliary provides outpatient care to all students enrolled in at least one class on any of Miami s campuses. Services include general medicine & injury care, gynecology, immunizations, laboratory, x-rays and pharmacy. Utility Enterprise: Utility Enterprise provides utility services to the University (steam, chilled water, electricity, water, sewer, gas, fuel oil, & propane).

44 MIAMI UNIVERSITY Exhibit Auxiliary Enterprises Operating Budget (All Funds) Revenue Housing, Dining, Recreation & Business Services (HDRBS) Residence and Shriver Marcum Goggin Ice Recreational Total Dining Halls Center Conf Center Center Sports Center HDRBS Student Fee 95,215,749 1,926,360 $ 376,860 $ 97,518,969 Other Operating 3,890,591 27,031,621 1,511,562 1,537,500 2,781,080 $ 36,752,354 Designated & Restricted Revenues 105, ,507 23,000 1,302,000 50,000 $ 1,687,507 Subtotal Revenues 99,211,340 27,239,128 1,534,562 4,765,860 3,207, ,958,830 Transfer In Support from General Fee 872,081 2,201,527 3,754,534 6,828,142 Total Sources 99,211,340 28,111,209 1,534,562 6,967,387 6,962, ,786,972 Expenditures Salaries Unclassified 2,464,564 1,670, , ,355 1,501,588 6,514,453 Classified 8,983,654 1,802, , , ,987 11,932,983 Grad Asst/Teach Assoc - Staff Benefits 4,423,482 1,348, , , ,387 7,135,405 Athletic Grants-in-Aid - Utility Chargeouts - Support Cost 43,735,052 20,050, ,244 1,918,381 3,309,485 69,820,752 Designated &Restricted Expenditures 105, ,507 23,000 1,302,000 50,000 1,687,507 Subtotal expenditures 59,711,752 25,080,036 1,510,639 4,673,226 6,115,447 97,091,100 Debt Service Principal 13,717,116 32,448-1,347,880-15,097,444 Interest 20,192,490 14, ,770-20,890,008 Total Uses 93,621,358 25,127,232 1,510,639 6,703,876 6,115, ,078,552 Transfers Out Contingency Repairs & Replacements 5,344,982 2,983,977 23, , ,027 9,363,420 Other Non-mandatory Transfers 245,000-50,000 50, ,000 Total Transfers 5,589,982 2,983,977 23, , ,027 9,708,420 Surplus/(Deficit)

45 MIAMI UNIVERSITY Exhibit Auxiliary Enterprises Operating Budget (All Funds) Revenue Inter- Millett Hall Student collegiate (Student Telecommuni- Transportation Aviation Health Armstrong Utility TOTAL TOTAL Athletics Facilities) cations Services Services Services Student Center Enterprise BUDGET BUDGET Student Fee Revenue 2,141,824 3,814,382 $ 103,475,175 $ 99,534,873 Other Operating Revenue 6,385,883 33,000 2,380, ,106 2,252, ,795 48,052,676 46,323,528 Designated &Restricted Revenues 2,468,179 3,000 4,158,686 4,078,900 Subtotal Revenues 8,854,062 33,000-4,521, ,106 2,252,538 3,918, ,686, ,937,301 Transfer In 278, ,000 71, ,727 1,017,888 Support from general fee 17,370, , , ,160 26,158,914 25,739,780 Total Sources 26,502, ,294-5,270, ,731 2,252,538 4,759, ,745, ,694,969 Expenditures Salaries Unclassified 7,214,816 68,217 56, , , ,773 14,912,824 15,341,601 Classified 334, , ,810 28,365 1,062,043 13,939,410 15,279,927 Grad Asst/Teach Assoc - - Staff Benefits 2,977, ,395 23, ,343 82, ,369 11,249,591 12,004,936 Athletic Grants-in-Aid 6,026,032 6,026,032 5,944,178 Utility Chargeouts (23,774,159) (23,774,159) (23,928,698) Support Cost 7,431, ,758 2,028, ,841 1,221,239 1,233,821 13,889,318 96,179,396 90,482,195 Designated &Restricted Expenditures 2,468, ,000-4,158,686 4,078,900 Subtotal expenditures 26,452, ,758-2,649, ,731 2,242,345 1,526,687 (7,903,656) 122,691, ,221,941 Debt Serivce Principal 229,749 1,103,809 1,110,171 1,564,406 19,105,579 15,973,129 Interest 115, ,312 1,344, ,382 23,798,528 22,257,694 Total Uses 26,452, ,013-4,359, ,731 2,242,345 3,981,178 (5,496,868) 165,595, ,452,764 Transfers Out Contingency Repairs & Replacements 194, ,370 10, ,159 5,496,868 16,754,291 18,858,206 Other Non-mandatory Transfers 50, , ,000 Total Transfers 50, , ,370-10, ,159 5,496,868 17,149,291 19,242,206 Surplus/(Deficit)

46 CHART M MIAMI UNIVERSITY BUDGET Oxford Campus Auxiliary Revenue $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 Armstrong Student Center Aviation Services Millett Hall-Student Facilities Marcum Conference Center Student Health Service General Fee $26,158,914 Auxiliary Revenue $156,586,264 Transportation Services Goggin Ice Center Recreational Sports Center Intercollegiate Athletics Shriver Center Residence & Dining Halls 36