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, Regional Campuses General Fund Expenditures Chart L & M, VOA Learning Center and Dolibois European Center General Fund Expenditure 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 N, Auxiliary Expenditures General Fee Exhibit 9, 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 Robert W. Shroder Stephen P. Wilson John C. Pascoe C. Michael Gooden National Trustee John Altman National Trustee Terry Hershey National Trustee Robert E. Coletti National Trustee Diane F. Perlmutter National Trustee Alexandra N. Boster Student Members Ciara R. Lawson Student Members Executive Officers Gregory Crawford 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 2017 Budget. The State of Ohio biennial operating budget for the FY 2016 FY 2017 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 resident tuition. The University implemented a new cohort based tuition guarantee program for the incoming class of fall 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 FY 2017 budget included the continued implementation of the Miami 2020 productivity goals. In light of favorable trends in revenues and expenses on the Oxford campus, the budget included investments in faculty/staff compensation and student financial aid, and addressed added costs resulting from various regulatory issues. Overall Budget All Campuses Budget Assumptions The FY 2017 Educational and General (E&G) revenue budget increased $35,427,171 or 6.7% over FY The FY 2017 Auxiliary Enterprises budget decreased $3,032,194 or 1.9%. Miami University s total FY 2017 revenue budget is $715,017,943 or roughly $1,958,953 per day. Revenues ($715,017,943) The FY 2017 University revenue budget is comprised as follows: 55.2% Student Tuition and Fees 21.5% Auxiliary Enterprises 10.9% State Appropriations 12.4% Contracts, Sales & Services, Temporary Investments, Endowment Income and Gifts Expenditures ($701,479,171) The FY 2017 University expenditure budget is comprised as follows: 46.2% Instructional Research, Public Service, Academic & Student Support 17.4% Auxiliary Enterprises 6.8% Scholarships and Financial Aid 15.6% Institutional Support and Plant Operation & Maintenance 14.0% Debt Service and Other Transfers 2

5 Oxford Campus The budget assumed a first year class of 3,700 students. Fifty-five percent (55%) of the incoming class are expected to be Ohio residents, while forty-five percent (45%) are expected to come from outside of Ohio. The FY 2017 budget implemented the Miami Tuition Promise for Oxford campus undergraduate students. The Miami Tuition Promise provides all first-time students and their families the certainty that tuition, special purpose, course fees and room and board charges will not increase over the ensuing four academic year period from their first enrollment as a degree seeking student. Tuition for the fall 2016 Tuition Promise cohort is budgeted as a one-time increase over fall 2015 of 4.87% for non-resident and 2.9% for resident. Tuition for continuing is budgeted to increase two percent (2%) for non-residents and zero percent (0%) for residents. Noteworthy changes in budgeted expenses include a salary increment pool of three percent (3%), an increase of $12.5 million in undergraduate scholarships, additional $1 million for faculty salary market adjustment, $2 million allocated to implement changes required under the Fair Labor Standard Act, and $7.4 million investments for regulatory compliance and student services. The budget also included $9.4 million net income from new revenue initiatives and productivity improvements, and $1 million increase in investment income. The Oxford campus budget assumes a surplus of $13.5 million. Regional Campuses The budget assumed a 1.0% decline in enrollment compared to actual fall Tuition on the Regional campuses is budgeted to 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%), $733,950 for increased credit hour faculty compensation, and $245,647 allocated to implement changes required under the Fair Labor Standards Act. The regional campus budget includes $131,463 net income from new revenue initiatives and productivity improvements. The budget also assumed underspending of salaries and benefits of $2.4 million. Regional campuses proposed a balanced budget, which included a transfer in from the available fund balance of $937,724 to support FY 2017 operations. 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 Tim Birmingham, Budget Analyst 3

6 Miami University Summary Total University Budget Approved Budget Budget Change from Percent REVENUES & TRANSFERS IN Prior Year Change Educational & General $ 561,463,873 $ 526,036,702 $ 35,427, % Auxiliary Enterprises 153,554, ,586,264 $ (3,032,194) -1.9% Total Revenues $ 715,017,943 $ 682,622,966 $ 32,394, % EXPENDITURES & TRANSFERS Educational & General $ 547,925,100 $ 509,925,469 $ 37,999, % Auxiliary Enterprises 153,554, ,586,264 $ (3,032,194) -1.9% Total E&G and Auxiliary Expenditures $ 701,479,171 $ 666,511,734 $ 34,967, % and Transfers Net Increase (Decrease) in Fund Balance $ 13,538,772 $ 16,111,232 $ (2,572,460) -16.0% 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 Designated Funds Total Unrestricted Funds Auxiliary Enterprises Restricted Funds Total All Funds I. REVENUES Instructional & OOS Surcharge $ 364,975,073 $ 28,135,507 $ 393,110,580 $ - $ 393,110,580 $ - $ - $ 393,110,580 $ 368,123,095 Less Cohort Financial Aid Discount 72,274,305 1,589,276 73,863,581-73,863, ,863,581 60,536,932 Net Instructional Fee & Out-of-State Surcharge 292,700,768 26,546, ,246, ,246, ,246, ,586,163 General 46,399,379 1,508,255 47,907,634 47,907, ,907,634 34,241,779 Other Student Revenue 3,611,500 3,264,500 6,876,000 20,617,293 27,493, ,493,293 21,466,549 Net Tuition, Fees and Other Student Charges 342,711,647 31,318, ,030,633 20,617, ,647, ,647, ,294,491 State Appropriations 65,631,521 11,451,432 77,082,953-77,082,953-1,200,000 78,282,953 71,576,996 Grants and Contracts 1,120,000 51,000 1,171,000 1,341,520 2,512,520-38,905,000 41,417,520 38,724,226 Gifts ,023,347 2,023,347-13,525,000 15,548,347 17,675,222 Endowment Income ,858,585 1,858,585-4,590,000 6,448,585 6,858,927 Sales and Service 30,000-30,000 1,768,592 1,798, ,798,592 1,839,133 Investment Income 5,325, ,000 5,425,000-5,425, ,425,000 4,425,000 Other Sources 224, , ,402 14,676,596 15,000, ,000 15,800,998 18,660,245 Transfers In - 2,093,952 2,093,952-2,093, ,093,952 2,982,462 Total Educational & General Revenues 415,042,168 45,115, ,157,940 42,285, ,443,873-59,020, ,463, ,036,702 Auxiliary Enterprise Revenues 1,713,820 1,713, ,169,445 1,670, ,554, ,586,264 Total Educational & General and 415,042,168 45,115, ,157,940 43,999, ,157, ,169,445 60,690, ,017, ,622,966 Auxiliary Revenues Budget II. Instruction & Departmental Research 164,932,676 22,662, ,594,889 10,046, ,641,836-6,635, ,276, ,322,538 Separately Budgeted Research 3,897,096 9,000 3,906, ,000 4,594,096-15,125,000 19,719,096 19,345,169 Public Service 42, , ,216 1,604,157 1,838,373-1,360,000 3,198,373 2,578,059 Academic Support 51,984,223 3,828,080 55,812,303 7,941,081 63,753,384-1,303,000 65,056,384 69,939,279 Student Services 19,385,410 4,854,829 24,240,239 6,085,970 30,326,209-1,440,000 31,766,209 28,282,229 Institutional Support 48,483,751 8,139,783 56,623,534 14,768,777 71,392,311-3,147,000 74,539,311 61,682,088 Plant Operation & Maintenance 31,362,455 3,464,678 34,827, ,000 34,939, ,500 35,089,633 34,884,920 Scholarships and Fellowships 16,704,814-16,704,814 1,039,000 17,743,814-29,859,500 47,603,314 47,339,717 Total Educational & General Expenditures 336,793,033 43,150, ,943,224 42,285, ,229,156-59,020, ,249, ,373,999 Auxiliary Enterprises Expenditures ,713,820 1,713, ,841,271 1,670, ,225, ,691, ,793,033 43,150, ,943,224 43,999, ,942, ,841,271 60,690, ,475, ,065,780 Total Educational & General Expenditures and Auxiliary Expenditures III Mandatory Transfers Out (Debt Service and Other) 7,883, ,869 8,642,559-8,642,559 42,581,890-51,224,449 48,862,862 Non-mandatory Transfers General Fee 45,909, ,298 46,502,810-46,502,810 (35,341,452) - 11,161,358 4,586,312 Other Transfers 10,917, ,414 11,530,575-11,530,575 24,087,736-35,618,311 28,996,780 Total Educational & General and 64,710,363 1,965,581 66,675,944-66,675,944 31,328,174-98,004,118 82,445,954 Auxiliary Transfers Total Educational & General and $ 401,503,396 $ 45,115,772 $ 446,619,168 $ 43,999,752 $ 490,618,920 $ 150,169,445 $ 60,690,805 $ 701,479,172 $ 666,511,734 Auxiliary Expenditures & Transfers 5

9 MIAMI UNIVERSITY BUDGET (All Funds) 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, includes Dolibois European Center General Designated Total Unrestricted Auxiliary Restricted I. REVENUES Funds Funds Funds Enterprises Funds Total All Funds - Oxford Budget - Oxford Instructional & OOS Surcharge $ 364,975,073 $ - $ 364,975,073 $ - $ - $ 364,975,073 $ 340,112,881 Less Cohort Financial Aid Discount 72,274,305-72,274, ,274,305 58,947,656 Net Instructional Fee & Out-of-State Surcharge 292,700, ,700, ,700, ,165,225 General 46,399,379 46,399,379-46,399,379 32,539,258 Other Student Revenue 3,611,500 19,157,293 22,768, ,768,793 19,006,237 Net Tuition, Fees and Other Student Charges 342,711,647 19,157, ,868, ,868, ,710,720 State Appropriations 65,631,521-65,631,521-1,200,000 66,831,521 59,689,038 Grants and Contracts 1,120,000 1,258,479 2,378,479-27,750,000 30,128,479 27,219,737 Gifts - 2,022,847 2,022,847-13,000,000 15,022,847 17,219,633 Endowment Income - 1,828,585 1,828,585-4,500,000 6,328,585 6,722,927 Sales and Service 30,000 1,635,592 1,665,592-1,665,592 1,700,180 Investment Income 5,325,000 5,325,000-5,325,000 4,325,000 Other Sources 224,000 14,406,596 14,630, ,000 15,380,596 18,065,668 Total Educational & General Revenues 415,042,168 40,309, ,351,560-47,200, ,551, ,652,903 Auxiliary Enterprises Revenues - 1,713,820 1,713, ,169,445 1,670, ,554, ,586,264 Total Educational & General and Auxiliary Revenues 415,042,168 42,023, ,065, ,169,445 48,870, ,105, ,239,167 II. EXPENDITURES Educational and General Expenditures Instruction & Departmental Research 164,932,676 9,961, ,894,623-6,500, ,394, ,856,403 Separately Budgeted Research 3,897, ,000 4,497,096-14,450,000 18,947,096 18,520,169 Public Service 42,608 1,529,157 1,571,765-1,000,000 2,571,765 1,983,852 Academic Support 51,984,223 7,941,081 59,925,304-1,250,000 61,175,304 67,479,830 Student Services 19,385,410 5,194,170 24,579,580-1,350,000 25,929,580 22,979,478 Institutional Support 48,483,751 14,003,036 62,486,787-3,000,000 65,486,787 52,590,012 Plant Operation & Maintenance 31,362, ,000 31,472, ,000 31,622,455 31,290,647 Scholarships and Fellowships 16,704, ,000 17,674,814-19,500,000 37,174,814 36,758,728 Total Educational & General Expenditures 336,793,033 40,309, ,102,424-47,200, ,302, ,459,119 Auxiliary Enterprises Expenditures - 1,713,820 1,713, ,841,271 1,670, ,225, ,691,780 Total Educational & General and Auxiliary Expenditures 336,793,033 42,023, ,816, ,841,271 48,870, ,528, ,150,899 III. TRANSFERS-OUT/(IN) Mandatory Transfers Out (Debt Service and Other) 7,883,690-7,883,690 42,581,890-50,465,580 48,126,320 Non-mandatory Transfers General Fee 45,909,512-45,909,512 (35,341,452) - 10,568,060 3,993,014 Other Transfers 10,917,161-10,917,161 24,087,736-35,004,897 26,556,401 Total Educational & General and Auxiliary Transfers 64,710,363-64,710,363 31,328,174-96,038,537 78,675,735 Total Educational & General and $ 401,503,396 $ 42,023,211 $ 443,526,607 $ 150,169,445 $ 48,870,805 $ 642,566,858 $ 607,826,634 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 VOA Learning Center I. REVENUES Hamilton Campus Total Hamilton Middletown Campus Total Middletown Total VOA Learning Ctr Total All Funds General Funds Designated Restricted All Funds General Funds Designated Restricted All Funds General Funds Regionals Budget-Regionals Instructional & OOS Surcharge $ 17,537,473 $ - $ - $ 17,537,473 $ 10,598,034 $ - $ - $ 10,598,034 $ - $ 28,135,507 $ 28,010,214 Less Cohort Financial Aid Discount 723, , , ,638-1,589,276 1,589,276 Net Instructional Fee & Out-of-State Surcharge 16,813, ,813,835 9,732, ,732,396-26,546,231 26,420,938 General 962, , , ,848-1,508,255 1,702,521 Other Student Revenue 227, , ,000 3,037, ,000-3,773,500-4,724,500 2,460,312 Net Tuition, Fees and Other Student Charges 18,003, ,000-18,727,242 13,315, ,000-14,051,744-32,778,986 30,583,771 State Appropriations 6,726, ,726,272 4,725, ,725,160-11,451,432 11,887,958 Grants and Contracts 41,000 38,800 7,585,000 7,664,800 10,000 44,241 3,570,000 3,624,241-11,289,041 11,504,489 Gifts , , , , , ,589 Endowment Income ,000 90,000-30,000-30, , ,000 Sales and Service - 116, ,000-17,000-17, , ,953 Investment Income 50,000-50,000 50, , , ,000 Other Sources 5, ,000 25, ,000 60, ,000 25, ,402 35, , ,577 Transfers In 533, , , ,863 1,156,228 2,093,952 2,982,462 Total Educational & General Revenues 25,359,375 1,018,800 7,925,000 34,303,175 18,565, ,741 3,895,000 23,417,910 1,191,228 58,912,313 58,383,799 II. EXPENDITURES Instruction & Departmental Research 13,016,404 9, ,000 13,150,404 9,641,870 76,000 10,000 9,727,870 3,939 22,882,213 22,466,135 Separately Budgeted Research - 8, , ,000 9,000 80, , , , ,000 Public Service 183,958 15, , ,958 7,650 60,000 10,000 77, , ,207 Academic Support 1,917,191-3,000 1,920,191 1,873,389-50,000 1,923,389 37,500 3,881,080 2,459,448 Student Services 2,891, ,800 40,000 3,757,891 1,959,238 65,000 50,000 2,074,238 4,500 5,836,629 5,302,751 Institutional Support 4,958, , ,000 5,210,089 2,743, ,741 40,000 3,404, ,714 9,052,524 9,092,076 Plant Operation & Maintenance 1,668, ,668,124 1,608,654 2, ,611, ,900 3,467,178 3,594,274 Scholarships and Fellowships - 15,000 7,000,000 7,015,000-54,000 3,359,500 3,413,500-10,428,500 10,580,989 Total Educational & General Expenditures 24,634,857 1,018,800 7,925,000 33,578,657 17,843, ,741 3,895,000 22,696, ,553 56,946,732 54,914,881 III. TRANSFERS-OUT Mandatory Transfers Out (Debt Service) , , , , ,542 Non-mandatory Transfers General Fee 435, , , , , ,298 Other Transfers 289, , , ,057 35, ,414 2,440,379 Total Educational & General Transfers 724, , , , ,675 1,965,581 3,770,219 Total Educational & General Expenditures & Transfers $ 25,359,375 $ 1,018,800 $ 7,925,000 $ 34,303,175 $ 18,565,169 $ 957,741 $ 3,895,000 $ 23,417,910 $ 1,191,228 $ 58,912,313 $ 58,685,100 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 Designated Total Auxiliary Restricted General Funds General Funds General Funds General Funds General Funds Funds Unrestricted Funds Enterprises Funds Total All Funds Revenues Tuition, Fees and Other Student Charges Instructional Fee $ 216,194,496 $ 16,912,431 $ 9,329,660 $ - $ 242,436,587 $ - $ 242,436,587 $ - $ - $ 242,436,587 Tuition Surcharge 148,780, ,042 1,268, ,673, ,673, ,673,993 Less Cohort Financial Aid Discount 72,274, , ,638-73,863,581-73,863, ,863,581 Net Instructional Fee & Out-of-State Surcharge 292,700,768 16,813,835 9,732, ,246, ,246, ,246,999 General Fee 46,399, , ,848-47,907,634-47,907, ,907,634 Admission Application 1,350,000 18,500 11,000-1,379,500-1,379, ,379,500 Admission Fee 400,000 16,000 9, , , ,700 Commencements 175, , , ,000 Charges Unpaid Balance 120, , , ,000 Counseling Services 60, ,000-60, ,000 Credit by Examination 20, ,000-20, ,000 English Learning Center - 2,956,800-2,956,800 2,956,800 2,956,800 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 5,500-35,500-35, ,500 Library Fines 55,000 12,000 2,500-69,500-69, ,500 Network Hi Speed Data Access 600, , , ,000 Misc & Other Fees 16,500 35,500 2,000-54,000 20,617,293 20,671, ,671,293 Total Net Tuition, Fees and Other Student Charges 342,711,647 18,003,242 13,315, ,030,633 20,617, ,647, ,647,926 - State Appropriations - Instructional Subsidies 65,631,521 6,401,272 4,325,160-76,357,953-76,357, ,357,953 PSEOP - 325, , , , ,000 Other thru Regents ,200,000 1,200,000 Total State Appropriations 65,631,521 6,726,272 4,725,160-77,082,953-77,082,953-1,200,000 78,282,953 - Administrative Mangement Cost Recoveries - European Study Center 1, ,000-1, ,000 Recovered Facilities & Administration 12, ,000-12, ,000 Recoverd Grant & Contract - Facilities & Administration 1,120,000 41,000 10,000-1,171,000 1,341,520 2,512,520-38,905,000 41,417,520 Total Administrative Management Cost Recoveries 1,133,000 41,000 10,000-1,184,000 1,341,520 2,525,520-38,905,000 41,430,520 - Other Income Items - Gifts ,023,347 2,023,347-13,525,000 15,548,347 Performing Arts Admissions 20, ,000-20,000-20,000 Sale of Surplus Property 10, ,000-10,000-10,000 Other Sales & Services ,768,592 1,768,592-1,768,592 Endowment Income ,858,585 1,858,585-4,590,000 6,448,585 Investment Income 5,325,000 50,000 50,000-5,425,000-5,425,000-5,425,000 Others 211,000 5,000 60,402 35, ,402 14,676,596 14,987, ,000 15,787,998 Transfer In - 533, ,863 1,156,228 2,093,952 2,093,952-2,093,952 Total Other Income Items 5,566, , ,265 1,191,228 7,860,354 20,327,120 28,187,474-18,915,000 47,102,474 - Auxiliary Enterprises Revenue ,713,820 1,713, ,315,624 1,670, ,700,249 Other Transfer In , ,821 Total Educational & General and $ 415,042,168 $ 25,359,375 $ 18,565,169 $ 1,191,228 $ 460,157,940 $ 43,999,753 $ 504,157,693 $ 150,169,445 $ 60,690,805 $ 715,017,943 Auxiliary Revenues 9

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18 MIAMI UNIVERSITY BUDGET Regional Campuses General Funds Revenue 12

19 MIAMI UNIVERSITY BUDGET Regional Campuses General Funds Revenue 13

20 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.

21 Miami University Exhibit Operating Budget - All Funds Expenditures & Transfers Oxford Campus Regionals Total Designated Total Auxiliary Restricted General Funds General Funds General Funds Funds Unrestricted Funds Enterprises Funds Total All Funds Budget Expenditures Salaries Faculty Tenured $ 50,613,032 $ 6,672,406 $ 57,285,438 $ - $ - $ - $ - $ - $ - Tenure Track 15,909,044 2,522,888 18,431, Non-tenurable 14,127,445 5,234,654 19,362, Total Faculty 80,649,521-14,429,948-95,079,469-4,000,000-99,079, ,500, ,579, ,177,109 - Unclassified 57,195,271 6,281,881 63,477,152 3,610,000 67,087,152 15,360,359 3,050,000 85,497,511 83,090,090 Classified 22,848,494 3,260,113 26,108, ,000 26,258,607 15,184, ,000 41,692,944 40,881,037 Uncommitted 8,001, ,200 8,736, Total Salaries 168,694,543 24,707, ,401,685 7,760, ,161,685 30,544,696 6,800, ,506, ,148,236 Staff Benefits 66,396,059 7,943,534 74,339,593 3,142,800 77,482,393 12,010,141 2,754,000 92,246,534 87,428,521 Grad Asst/Teach Assoc 10,586,777-10,586,777-10,586, ,586,777 10,290,238 Scholarships/Fee Waviers 44,783,131-44,783,131-44,783,131 6,710,012-51,493,143 49,414,493 Support Costs 46,332,519 10,499,510 56,832,029 31,383,132 88,215,161 69,576,423 49,466, ,257, ,625,606 Total Educational & General Expenditures 336,793,029 43,150, ,943,215 42,285, ,229,147-59,020, ,090, ,907,094 Auxiliary Designated & Restricted Expenditures ,713,820 1,713,820-1,670,805 3,384,625 4,158,686 Total Educational & General and Auxiliary Expenditures 336,793,033 43,150, ,943,224 43,999, ,942, ,841,271 60,690, ,475, ,065,780 Transfers-Out/(In) Mandatory Transfers Out (Debit Service) 7,883, ,869 8,642,559-8,642,559 42,581,890-51,224,449 48,862,862 Non-Mandatory Transfers General Fee 45,909, ,298 46,502,810-46,502,810 (35,341,452) - 11,161,358 4,586,316 Other Transfers 10,917, ,414 11,530,575-11,530,575 24,087,736-35,618,311 28,996,780 Total Educational & General and Auxiliary Transfers 64,710,363 1,965,581 66,675,944-66,675,944 31,328,174-98,004,118 82,445,958 Total Educational & General and Auxiliary $ 401,503,396 $ 45,115,772 $ 446,619,168 $ 43,999,752 $ 490,618,920 $ 150,169,445 $ 60,690,805 $ 701,479,172 $ 666,511,738 Expenditures and Transfers 14

22 Uncommitted salaries - 2.5% $8.7M Debt Service - 2.4% $8.6M Chart G MIAMI UNIVERSITY BUDGET All Campuses General Fund Expenditures $355,333,218 (Exclude Scholarships, Fellowships, Fee Waivers & General Fee) Personnel Costs = 78.3% Support & Utilities (includes other transfers) % $68.4M Staff Benefits % $74.3M Faculty Salary % $95.1M Tenured % $57.3M Tenure Track - 5.2% $18.4M Graduate Assistant Salary - 3.0% $10.6M Non-tenurable - 5.4% $19.4M Classified Salary - 7.3% $26.1M Unclassified Salary % $63.5M 15

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25 MIAMI UNIVERSITY BUDGET Regional Campuses General Fund Expenditures (Exclude Scholarships, Fellowships, Fee waivers and General Fees) 18

26 MIAMI UNIVERSITY BUDGET VOA Learning Center and Dolibois European Center General Fund Expenditures (Exclude Scholarships, Fellowships, Fee waivers and General Fees) 19

27 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 various disciplines. 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.

28 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable President President $ - $ - $ - $ - $ 814,521 $ 47,275 $ 221,168 $ 438,601 $ - $ - $ 219,942 $ 1,741,507 $ 1,691,269 Commencement and Convocation , , ,043 Program Improvements (to be redistributed) , , , , ,350 Equity and Equal Opportunity ,597 33, , , , ,973 General Counsel ,487 38, , , , ,785 Institutional Relations , , , , ,250 Secretary to the Board of Trustees , , , , ,624 University Communications ,327, , , ,381,479 5,794,532 5,693,805 TOTAL PRESIDENT ,403, , ,168 1,959, ,690,086 10,497,859 9,886,099 Executive V.P. for Academic Affairs College of Arts & Science Aerospace Studies ,659-15, ,928 58,602 56,804 American Culture and English Program ,100 26, , , , ,295 Anthropology 621, , ,380-35, , ,386 1,092,968 1,045,853 Arts & Science Administration 100,000-2,670,930 2,770,930 2,099, ,564 3,198,609 2,689, , ,347 6,615,411 18,128,068 14,970,608 Biology 3,304, , ,942 3,555, , ,486-1,823,325 1,137,059 1,579, ,585 9,227,135 8,867,369 Chemistry & Biochemistry 2,011, , ,869 2,452, , ,093-1,169, ,834 1,052,799 65,829 6,139,277 6,001,000 Classics 357, , , , ,330 Comparative Religion 349, ,848 92, ,557-20, ,674-83,116 1, , ,120 Ecology Research Center , , ,901 71,023 69,126 English 2,849, , ,783 3,692,040 41, ,332-1,571, ,928 1,662,314 74,728 8,171,466 8,152,262 French & Italian 498, ,688 61, ,434-36, ,988 95, ,937 4,483 1,313,623 1,365,628 Geography 1,022, ,061 26,733 1,178,339 58,651 39, , , ,052 5,006 2,207,242 1,955,342 Geology 798, ,721 95,548 1,125, ,760 83, , , ,989 10,166 2,701,614 2,584,742 German Russian & East Asian Languages 771, , ,916 1,164,213-76, , ,049 1,742,187 1,566,080 Global and Intercultural Studies 945, , ,902 1,581,054-70, , ,000 2,326,363 1,604,284 History 1,793, ,497 30,070 1,966,738-49, , , ,694 7,894 3,588,285 3,783,924 Institute of Environment & Sustainability ,550 47, ,830 42, ,754 66, ,526 1, , ,468 Instrumentation Laboratory , , , ,819 Interactive Language Resource Center , , ,343 90,479 Media Journalism & Film Studies 1,209, , ,095 2,179, , , , ,874 3,412,712 3,322,438 Mathematics 1,914, , ,722 2,770,815-75,400-1,134, , ,694 10,868 4,804,673 4,674,173 Microbiology 813, , ,021 1,136, ,557 99, , , ,400 18,471 2,840,075 2,723,384 Naval Science ,523-15, ,801 55,521 53,943 Philosophy 537, , , ,318-27, ,103 63, ,526 2,730 1,322,069 1,290,560 Physics 1,021, ,701 48,375 1,211,715 58,017 72, , , ,989 8,264 2,649,800 2,647,687 Political Science 1,690, , ,377 2,147,312-73, , , ,288 8,718 3,811,081 4,058,564 Psychology 1,776, , ,827 2,626,450 91, ,227-1,141, ,492 1,052,799 67,019 5,769,987 5,568,309 Sociology & Gerontology 1,266, ,009-1,578,324-33, , , ,336 7,718 3,412,997 3,448,996 Spanish & Portuguese 868, , ,423 1,388,923-33, , ,018 2,001,973 1,896,262 Speech Pathology & Audiology 427, , , ,416 71,117 70, , , ,989 2,572 1,918,447 1,772,835 Statistics 612, ,025 50,938 1,036,076 71,509 32, , , ,347 9,623 2,050,248 1,923,809 Western Program 328,899 59, , ,324 46, , , , ,424 SUB-TOTAL 27,888,805 6,101,221 6,044,904 40,034,930 4,485,052 2,165,809 3,198,609 19,350,219 6,988,624 10,888,343 7,115,064 94,226,650 88,659,915 20

29 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable Farmer School of Business Accountancy 824,137 1,554, ,645 2,599,980 61,800 58,931-1,101, ,801 3,868,400 3,770,283 Economics 1,531, ,312 70,000 2,437,430-58,348-1,010, ,723 3,514,291 3,095,659 Farmer School of Business Administration 191,178-1,111,327 1,302,505 2,038, , ,430 1,491, , ,273 3,025,278 9,975,427 10,374,030 Finance 1,289,454 1,089, ,849 2,610,483-35,963-1,071, ,523 3,722,780 3,460,510 Highwire Brand Studio ,060-7, ,746 60,120 59,655 Information Systems and Analytics 1,801, , ,651 2,392,906-34, , ,456 3,414,709 3,156,647 Management 1,668, , ,901 2,682,924-51,943-1,107, ,373 3,848,861 3,654,822 Marketing 1,632, , ,874 2,727,446-61,204-1,129, ,510 3,923,563 3,784,557 SUB-TOTAL 8,938,233 5,592,194 2,223,247 16,753,674 2,100, , ,430 7,903, , ,273 3,134,410 32,328,151 31,356,163 College of Education, Health & Society Clinical/Field Experiences , , ,205 Education, Health & Society Admin 211,491-1,393,060 1,604,551 1,264, , ,835 1,156, , ,463 1,907,839 7,251,890 7,227,149 Educational Leadership 1,083, , ,338 1,720,194-58, , , ,810 17,802 3,447,109 3,312,535 Educational Psychology 976, , ,684 1,407, ,788 72, , , ,758 86,082 2,743,711 2,803,097 Family Studies & Social Work 633, , , ,551-54, ,191 79, ,231 2,277 1,666,892 1,640,265 Kinesiology and Health 1,489, , ,980 2,393,830 59, ,622-1,010, , ,989 6,820 4,319,939 3,957,383 Teacher Education 1,425, , ,043 2,191, , , , , ,052 16,265 3,814,579 3,638,993 SUB-TOTAL 5,820,417 1,624,320 2,836,518 10,281,255 1,549, , ,835 4,890,220 1,075,447 2,133,303 2,396,290 23,603,325 22,938,627 College of Engineering & Computing Chemical & Paper Engineering 810, ,939-1,068,373 73,785 45, , ,000 1,670,230 1,466,523 Computer Science & Software Engineering 1,084, ,487 69,613 1,418,550-43, , ,500 2,056,127 1,969,478 Electrical & Computer Engineering 711, ,311 71, ,382 68,470 40, , ,488,298 1,455,278 Engineering & Applied Science Administra , , , , , , , , ,802 3,435,174 3,377,889 Mechanical & Manufacturing Engineering 1,136, ,316-1,369,019 61,773 39, , ,066,227 2,039,515 SUB-TOTAL 3,742, , ,630 5,110,679 1,066, , ,355 2,598, , , ,302 10,716,056 10,308,683 College of Creative Arts Architecture & Interior Design 1,151, , ,559 1,458,349 84,035 73, , , ,810 37,306 3,005,515 2,904,104 Art 839, ,145 47,699 1,477, ,503 83, , , ,463 30,996 2,923,730 2,967,037 Art Center ,181-17,488 26,428 55,410 12, , ,280 Art Museum ,914 71, , , , ,441 Creative Arts Administration 56,650 70, , , ,350 33, , , ,327 3,696,093 3,353,537 Music 1,656, , ,308 2,334,723 82,686 66, , , ,284 32,952 4,169,480 4,043,975 Performing Arts Series ,996 21,141-66, , , ,717 Theatre 346, , , ,259 52, ,674 79, ,231 14,410 1,445,238 1,434,922 SUB-TOTAL 4,051,291 1,669, ,231 6,458,778 1,666, , ,767 3,666, ,498 1,579,199 1,196,567 16,469,625 15,903,013 21

30 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable Research, Graduate School & Scholarship Doctoral Dissertation Fellowship , , ,969 Graduate Summer Fellowships ,678,144-1,678,144 1,645,240 Instructional Grant Fee Waiver ,953,460-4,953,460 4,829,173 Research, Graduate School & Scholarship , ,106 1,005, ,604 23, , ,710 4,185, ,227 7,042,306 6,892,028 Scripps Foundation ,105 79, ,729 15,222 27,705 30, , ,404 University Summer Scholars ,113,128 56,000 1,169,128 1,152,400 Hughes Scholars , , ,500 Comm. Faculty Research , , , ,824 GR Winter Fee Waivers , , ,000 SUB-TOTAL , ,106 1,241, ,476 23, , ,722 13,085, ,779 16,669,344 16,305,538 University Libraries Art/Architecture Library ,636 67,288-52, , ,252 B.E.S.T. Library , , , , ,422 King Library ,767, ,600 18,387 1,491,190 60, ,108 4,744,506 10,090,232 9,944,795 Music Library ,293 72,530-55, , ,207 SUB-TOTAL ,332,309 1,227,319 18,387 1,854,095 60, ,108 4,744,506 11,349,199 11,137,676 Provost Center for American & World Cultures ,727 52, , , , , ,696 Center for Enhancement of Learning & Teach ,381 73,445-68, , , ,026 Dolibois European Center (MUDEC) - Oxford , , , , ,987 Global Learning Initiatives ,591 67, , , , ,788 International Student and Scholar Services , , , , ,195 Liberal Education ,934 38,979-41, , , ,667 McGuffey Museum ,500 4,500 4,500 Office of Institutional Research , , , , ,447 Office of elearning , , , , ,641 Study Abroad ,351 Secretary of the University ,521 University Honors Program ,178 38, ,864 43, , , , ,570 VP for Academic Affairs-Provost - - 1,038,259 1,038,259 1,504, , ,381 1,337, ,128,945 5,768,146 3,738,991 Program Improvements (to be redistributed) ,000 SUB-TOTAL - - 1,129,164 1,129,164 3,622, , ,381 2,322, ,738,632 9,795,858 7,997,380 TOTAL ACADEMIC DIVISION 50,441,742 15,909,044 13,551,800 79,902,586 19,065,125 6,249,323 5,873,276 43,197,551 10,111,072 29,322,724 21,436, ,158, ,606,995 22

31 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable V.P. for Enrollment Management and Student Success Admission ,536,459 64, ,065 24,738 55,410 1,418,846 3,740,206 3,068,164 Bursar , , , ,850 1,159,246 1,281,569 Enrollment Management & Student Success ,171 65, , , ,884,461 3,385,936 3,582,108 Office of Enrollment Management ,028, , , ,500 1,905,217 1,748,488 Office of the University Registrar , , , ,736 1,429,577 1,391,897 Office of Student Financial Assistance , , , ,949 1,596,787 1,576,994 Office of Career Services , , ,785 12,369 27,705 69,373 1,213,588 1,052,876 Operations, Communication, and Technolog ,500 SUB-TOTAL ,086,238 1,123, ,510 2,988,421 37,107 83,116 3,913,715 14,430,558 14,269,596 Scholarships & Financial Aid Miami Scholarships ,225,398-67,225,398 55,447,656 Fees Waived, Foreign Student ,283,907-2,283,907 1,600,000 Transfer Cohort ,765,000-2,765,000 1,900,000 Cohort Financial Aid Discounts Total ,274,305-72,274,305 58,947,656 Evans Scholars , , ,000 Fee Waivers, Graduate , , ,360 Fee Waivers, University , , ,217 Fee Waivers, Undergraduate Winter ,248,480-1,248,480 1,224,000 Fee Waivers, Miami Tribe ,028,558-1,028, ,390 Fee Waivers, Out of State , , ,168 Fee Waivers, Study Abroad , , ,000 Fee Waivers, Athlete Out of State ,814,589-2,814,589 2,759,401 Fee Waivers, ROTC Room Board , , ,456 Harrison Scholars , , ,000 Honors Program, Summer Fee Waviers , , ,120 Liaoning Normal Univ. ESL Students , , ,000 Luxembourg Waiver ,817-98,817 96,879 Miami Access ,000,000-1,000,000 1,000,000 Music Department Scholarships , , ,000 College Credit Plus , , ,000 Fifth Year and Summer Scholarships , , ,000 Pathwanys Grant , ,000 81,878 S.E.O.G , , ,000 TEAM, K-12 Ohio Educators ,340,932-1,340,932 1,314,639 Underwater Scholarship Support , , ,000 Other Student Financial Assistance , , ,000 SUB-TOTAL ,350,442-14,350,442 13,546,508 TOTAL ENROLLMENT MANAGEMENT AND STUDENT SUCCESS TOTAL ENROLLMENT MANAGEMENT AND STUDENT SUCCESS WITHOUT COHORT FINANCIAL AIDS DISCOUNT ,086,238 1,123, ,510 2,988,421 37,107 86,707,863 3,913, ,055,305 86,763, ,086,238 1,123, ,510 2,988,421 37,107 14,433,558 3,913,715 28,781,000 27,816,104 23

32 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable V.P. for Finance & Business Services VP of Finance Endowment Management Fee , , ,250 Finance and Business Services , , , , ,064 1,916,205 1,563,061 Associate VP for Finance Accounts Payable , , , , , ,805 Air Transportation Services , , ,500 Controllers Office ,000 16,216-25, , , ,300 General Accounting ,233 81, , , , ,811 Purchasing & Central Services ,917 35, , , , ,649 Treasury Services ,047 24, , , , ,702 University Mail Services , ,643-68, , , ,379 Associate VP for Budgeting & Analysis University Budget , , , , ,732 Associate VP for Physical Facilities Building & Special Services ,100 3,579, ,608 1,699, ,038 6,194,459 6,219,821 Building Maintenance ,245 4,220,910-1,893, (1,279,868) 5,290,129 4,889,201 Environmental Health & Safety ,174 16, , , ,759 1,003, ,930 Grounds ,754 1,054, , ,250 1,946,822 1,869,856 Information Systems Management , , , ,991 71,329 Operation of Motor Vehicles ,752-67, , , ,192 Physical Facilities ,267 69, , ,507 1,324,096 1,533,487 Planning, Architecture & Engineerng ,497,003 40, , ,023 2,192,187 1,987,104 Purchased Utilities ,140,016 13,140,016 13,279,424 Recycling ,975 Special Facilities , , , , ,375 Training & Staff Development ,177 78,177 78,177 Trucking & Special Services , , , , , ,667 Human Resources Department ,683 75, , ,759 1,242,402 1,107,542 Human Resources Administration ,181 98, , , , , ,932 HR Benefit Services ,029 75,795-52, , , ,595 HR Labor Relations ,406 29,557-55, , , ,062 HR Staff Development ,049 79,830-76, , , ,483 Payroll Services ,493 77,376-72, , , ,154 Internal Audit & Consulting Svcs , , , , ,438 Miami University Police ,242 1,660, , ,146 3,709,618 3,464,295 TOTAL FINANCE & BUSINESS SERVICES ,519,298 12,500,213 1,208,960 8,934, ,853,459 47,016,729 45,248,227 24

33 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable V.P. for Information Technology Services Computing & Communication Service ,998, ,534-1,284, ,011,872 5,468,590 5,337,387 Information Systems & Services ,370, , ,330,128 2,858,724 Information Security Office , , , ,545 Information Technology Services ,405 61, , , ,241,158 4,057,693 4,461,446 IT Accessibility Services ,914 54, , , ,111 Office of the Deputy CIO ,341, , , ,047,300 2,383,827 Offive of the VP of IT , , ,500 Support Services & Campus Partnerships , , ,707 - TOTAL INFORMATION TECHNOLOGY ,017, , ,628 3,577, ,393,680 15,802,837 15,439,429 V.P. for Student Affairs VP of Student Affairs , ,872 66, , ,031 1,520,813 1,500,734 Assoc VP & Dean of Students , ,715 12,369 27, , , ,871 Ethics & Student Conflict Resolution ,634 59,648-73, , , ,734 Residence Life Program ,210,467 51, , , ,092 (2,752,981) 30,026 12,552 Scholastic Assistance , , ,127 68, , ,943 1,043,436 1,045,787 Scholastic Enhancement Program ,593 GLBT Programming , , ,751 75,559 73,873 Assistant VP Student Health Services Health Education , , , , ,197 Student Counseling Services ,346 66, ,696 32,086 55,410 65,566 1,503,269 1,487,054 Women's Center ,250 51,230-50, , , ,388 Women's Services Programs , , ,000 80,854 71,019 Assistant VP Student Leadership , ,628 12,369 27,705 2,856 97,146 94,504 Alexander Office of Fraternal Life ,600 34,632-84,334 12,369 27,705 16, , ,885 Community Engagement and Service ,750 37,336-73, , , ,145 Community Outreach Program ,874-12, ,000 61,363 61,158 Student Activities and Leadership ,250 38,881-50,273 12,369 27,705 28, , ,223 Heritage ,844-6, ,721 37,982 37,324 Office of Diversity Affairs ,575 31,866-83, , , ,840 Student Organizations ,761,463 1,762,694 1,991,633 Student Disability Services , , , , ,391 TOTAL STUDENT AFFAIRS ,930, ,725 66,806 2,271, ,598 1,026,849 (215,741) 9,160,239 9,291,905 V.P. for University Advancement VP of University Advancement , ,268 19, , ,483 1,670,281 1,388,981 Advancement Services , , , ,020 1,050, ,368 Development ,554, , , ,793 2,645,911 2,614,213 Office of Alumni Relations , , , ,910 1,259,711 1,529,477 Western College Alumnae Association ,615 65,769-35, , ,425 TOTAL UNIVERSITY ADVANCEMENT ,646, ,758 19,444 1,829, ,434 6,749,471 6,597,464 25

34 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Oxford Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified Uncommitted Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable Division Non-Specific Institutional Liability & Property Insurance ,184,589 1,184,589 1,104,249 Institutional Membership & Miscellaneous , , ,494 University Contingency & Other ,621-61, ,626,534 2,838,157 3,071,505 University Personnel Programming , , , , , ,002,203 1,661,209 Auxiliary Administrative Service Charge (5,552,400) (5,552,400) (5,137,792) Inter-Campus Indirect Cost (3,032,890) (3,032,890) (2,968,932) Budget Reductions/Adjustments , , ,082,607 1,311,809 1,248,636 FLSA Support ,000, , ,000 2,000,000 - TOTAL DIVISION NON-SPECIFIC , ,000 1,725, ,141-1,089, (2,510,620) 1,337,408 (572,631) Transfers Mandatory Transfers Out (Debt Service) ,883,690 7,883,690 5,222,213 Non-Mandatory Transfers General Fee ,909,512 45,909,512 30,151,928 Renewals & Replacements ,980,000 7,980,000 7,980,000 Other Transfers ,937,161 2,937,161 1,427,110 TOTAL TRANSFERS ,710,363 64,710,363 44,781,251 TOTAL OXFORD CAMPUS $ 50,441,742 $ 15,909,044 $ 13,754,800 $ 80,105,586 $ 56,394,639 $ 22,848,498 $ 7,997,791 $ 65,847,766 $ 10,586,777 $ 117,057,436 $ 110,649,926 $ 471,488,419 $ 422,042,500 TOTAL OXFORD CAMPUS WITHOUT COHORT FINANCIAL AID DISCOUNTS $ 50,441,742 $ 15,909,044 $ 13,754,800 $ 80,105,586 $ 56,394,639 $ 22,848,498 $ 7,997,791 $ 65,847,766 $ 10,586,777 $ 44,783,131 $ 110,649,926 $ 399,214,114 $ 363,094,844 Dolibois European Center (MUDEC) Academic Support Dolibois European Center Admin $ - $ - $ - $ - $ 800,631 $ - $ - $ 330,367 $ - $ - $ 369,716 $ 1,500,714 $ 1,420,475 Instruction & Departmental Research Dolibois European Center 171, , , , , , ,406 Institutional Support MUDEC Appropriation Unit - Perm $ 3,466 1, ,870 3,763 Total Dolibois European Center 171, , , ,631-3, , ,956 2,289,281 2,056,644 TOTAL OXFORD CAMPUS AND DOLIBOIS EUROPEAN CENTER (MUDEC) TOTAL OXFORD CAMPUS AND DOLIBOIS EUROPEAN CENTER (MUDEC) WITHOUT COHORT FINANCIAL AID DISCOUNTS $ 50,613,032 $ 15,909,044 $ 14,127,445 $ 80,649,521 $ 57,195,270 $ 22,848,498 $ 8,001,257 $ 66,396,059 $ 10,586,777 $ 117,057,436 $ 111,042,882 $ 473,777,700 $ 424,099,144 $ 50,613,032 $ 15,909,044 $ 14,127,445 $ 80,649,521 $ 57,195,270 $ 22,848,498 $ 8,001,257 $ 66,396,059 $ 10,586,777 $ 44,783,131 $ 111,042,882 $ 401,503,396 $ 365,151,488 26

35 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Hamilton Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified All Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable Uncommitted College of Liberal Arts and Applied Sciences Instruction & Departmental Research Biological Sciences $ 488,789 $ - $ 33,174 $ 521,963 $ 93,285 $ - $ - $ 235,371 $ - $ - $ 10,000 $ 860,619 $ 871,203 Commerce 165, , , ,279-33, , , , ,514 Computer & Information Technology 142, , , ,661 10,533 17, , , , ,208 Education & Society - 111, , , , , , ,694 Engineering & Technology 231, ,046 45, ,446 21,568 59, , , , ,464 Humanities & Creative Arts 500, , , ,826-16, , ,000 1,150,455 1,136,698 Interdisc. & Communication Studies 155, ,172 82, , , , , ,025 Justice & Community Studies 239, ,867 40, , , , , ,827 Languages, Literature & Writing 472,695 66, , , , ,000 1,117,776 1,071,437 Mathematical & Physical Science 430, , , ,583-29, , ,000 1,019,924 1,065,552 Nursing 728,902 78, ,903 46,843 90, , ,551 1,333,183 1,265,451 Regl Central Campus - - 2,765,000 2,765, , ,000 3,336,225 2,875,126 Social & Behavioral Science 179, ,092 84, , , , , ,849 SUB-TOTAL 3,735,698 1,583,887 4,000,800 9,320, , ,364-3,023, ,551 13,016,403 12,445,048 Academic Support Regl Academic Affairs Support , , ,134 91, ,924 Regl Academic Programs ,250 58,250 78,250 Regl Centers ,000 9,000 11,500 Regl Development , , , , ,513 Regl IT Support ,456 89, , ,123 1,003, ,118 Regl Libraries ,902 64, , , , ,011 SUB-TOTAL , , , ,507 1,917,191 1,653,316 Institutional Support Regl Business Services ,282-55, , , ,099 Regl Centers , , ,000 98,291 95,573 Regl Central Campus ,000 25, ,016 89,500-76, ,966,081 2,267,126 2,259,243 Regl Dean's Office - 58,066 (587,938) (529,872) 798, , ,555 73, ,377 1,366,596 1,182,630 Regl Public Relations ,378 40,040-63, , , ,139 Regl Public Safety , , ,000 SUB-TOTAL - 58,066 (562,938) (504,872) 1,091, , , , ,249,291 4,958,089 5,120,684 Student Services Regl Diversity & Student Support ,477 27,997-24, , , ,983 Regl Enrollment & Admissions , , , , , ,865 Regl Financial Assistance ,418 29,162-47, , ,615 - Regl Student Services , , , ,200 1,782,374 1,731,646 SUB-TOTAL ,383, , , ,375 2,891,091 2,779,494 27

36 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Hamilton Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified All Benefits Teach Assoc Fee Waivers Costs TOTAL Budget Tenured Tenure Track Non-Tenurable Uncommitted Scholarships & Fellowships Community Award , , ,000 Instructional Grant Fee Waiver ,000-10,000 10,000 International Program Waiver ,000-20,000 20,000 Non Resident Targeted Waivers , , ,000 College Credit Plus , , ,638 Undergraduate Fees Waived ,000-50,000 50,000 SUB-TOTAL , , ,638 Public Serivce Regl Centers , , , , ,207 Plant Operation & Maintenance Physical Facilities , , , , , ,875 Purchased Utilities , , ,000 SUB-TOTAL , , , ,807 1,668,124 1,667,875 Transfers Mandatory Transfers Out (Debt Service Non-Mandatory Transfers General Fee , , ,461 Renewals & Replacements Other Transfers , ,057 2,116,388 SUB-TOTAL , ,518 2,551,849 TOTAL HAMILTON CAMPUS $ 3,735,698 $ 1,641,953 $ 3,437,862 $ 8,815,513 $ 3,349,944 $ 1,831,718 $ 363,555 $ 4,596,095 $ - $ 723,638 $ 6,402,549 $ 26,083,012 $ 27,128,112 TOTAL HAMILTON CAMPUS WITHOUT COHORT FINANCIAL $ 3,735,698 $ 1,641,953 $ 3,437,862 $ 8,815,513 $ 3,349,944 $ 1,831,718 $ 363,555 $ 4,596,095 $ - $ - $ 6,402,549 $ 25,359,374 $ 26,404,474 AID DISCOUNTS Percentages by University Budget Unit - Hamilton Campus Instruction & Departmental Research 49.9% Scholarships & Fellowships 2.8% Academic Support 7.4% Public Service 0.7% Institutional Support 19.0% General Fee and Other Transfers 2.8% Student Services 11.1% Total 100.0% Plant Operation & Maintenance 6.4% 28

37 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Middletown Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified All Benefits Teach Assoc Fee Waivers Costs Total Budget Tenured Tenure Track Non-Tenurable Uncommitted College of Liberal Arts and Applied Sciences Instruction & Departmental Research Biological Sciences $ 526,876 $ - $ 19,013 $ 545,889 $ 33,512 $ - $ - $ 230,094 $ - $ - $ 10,000 $ 819,495 $ 800,013 Commerce 175, ,262 55, ,553-19, , , , ,311 Computer & Information Technology 229,414-49, ,685-19, , , , ,635 Education & Society 159,777 55,693 50, , , , , ,543 Engineering & Technology 74, ,961 56, ,688 21,642 45, , , , ,551 Humanities & Creative Arts 344,678 39, , , , , , ,741 Interdisc. & Communication Studies - 60,154 45, , , , , ,716 Justice & Community Studies ,500 7,500 5,000 Languages, Literature & Writing 456,442 57, , , , ,000 1,122,646 1,099,390 Mathematical & Physical Science 216,319 98, , ,002 54, , , , ,991 Nursing 369, , , , ,848 30, , ,500 1,142,755 1,120,687 Regl Central Campus - - 1,825,000 1,825, , ,000 2,236,125 1,848,276 Social & Behavioral Science 383, , , , , , ,561 SUB-TOTAL 2,936, ,935 2,919,734 6,737, , ,252-2,291, ,380 9,641,869 9,187,416 Academic Support Regl Academic Affairs Support ,270 44,387-19, , , ,880 Regl Academic Programs ,000 6,000 6,000 Regl Centers , , ,049 Regl Development ,163 39,520-67, , , ,083 Regl IT Support ,437 28,621-69, , , ,616 Regl Libraries ,148 62, , , , ,745 SUB-TOTAL , , , ,063 1,873,389 1,639,373 Institutional Support Regl Academic Affairs Support ,633 Regl Business Services ,585-65, , , ,934 Regl Central Campus ,000 18, ,822 88,000-78, ,296,369 1,599,284 1,322,815 Regl Dean's Office - - (1,140,942) (1,140,942) 693, , ,841 (183,922) , ,670 32,160 Regl Public Relations , , , , ,024 Regl Public Safety , , ,032 SUB-TOTAL - - (1,122,942) (1,122,942) 981, , ,841 12, ,144,915 2,743,980 2,510,598 Separately Budgeted Research Regl Centers ,000 9,000 11,500 Student Services Regl Diversity & Student Support , , ,537 95, ,795 Regl Enrollment & Admissions , , , , , ,419 Regl Financial Assistance ,448 29,162-28, , ,002 - Regl Student Services ,271 69, , ,763 1,129,315 1,252,436 SUB-TOTAL , , , ,214 1,959,238 2,097,650 29

38 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - Middletown Campus Salaries Staff Grad Asst Scholarships/ Support Budget Unit Faculty Faculty Total Unclassified Classified All Benefits Teach Assoc Fee Waivers Costs Total Budget Tenured Tenure Track Non-Tenurable Uncommitted Scholarships & Fellowships Community Award , , ,000 Instructional Grant Fee Waiver ,000-10,000 10,000 Non Resident Targeted Waivers ,000-25,000 25,000 Post-Secondary Fee Waiver , , ,638 Undergraduate Fees Waived ,000-35,000 35,000 SUB-TOTAL , , ,638 Plant Operation & Maintenance Physical Facilities , , , ,433 1,196,154 1,192,299 Purchased Utilities , , ,500 SUB-TOTAL , , , ,933 1,608,654 1,645,799 Public Service Middletown Campus-Admin ,650 7,650 4,000 SUB-TOTAL ,650 7,650 4,000 Transfers Mandatory Transfers Out , , ,792 Non-Mandatory Transfers General Fee , , ,837 Renewals & Replacements Other Transfers , , ,691 SUB-TOTAL , , ,320 TOTAL MIDDLETOWN CAMPUS $ 2,936,708 $ 880,935 $ 1,796,792 $ 5,614,435 $ 2,735,128 $ 1,390,126 $ 368,841 $ 3,251,095 $ - $ 865,638 $ 5,205,543 $ 19,430,806 $ 18,663,293 TOTAL MIDDLETOWN CAMPUS WITHOUT COHORT FINANCIAL AID $ 2,936,708 $ 880,935 $ 1,796,792 $ 5,614,435 $ 2,735,128 $ 1,390,126 $ 368,841 $ 3,251,095 $ - $ - $ 5,205,543 $ 18,565,168 $ 17,797,655 DISCOUNTS Percentages by University Budget Unit - Middletown Campus Instruction & Departmental Research 49.6% Scholarships & Fellowships 4.5% Academic Support 9.6% Public Service 0.0% Institutional Support 14.1% General Fee and Other Transfers 3.7% Student Services 10.1% Total 100.0% Plant Operation & Maintenance 8.3% 30

39 Miami University Exhibit Educational & General Fund Expenditure and Transfer Budget - VOA Learning Center & GRAND TOTAL Salaries Staff Grad Asst Scholarships/ Support Faculty Faculty Total Unclassified Classified All Uncommitted Benefits Teach Assoc Fee Waivers Costs Total Budget Tenured Tenure Track Non-Tenurable Academic Support Information Technology Operations $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 37,500 $ 37,500 $ 37,500 SUB-TOTAL ,500 37,500 37,500 Instruction & Departmental Research VOA Appropriation Unit - Perm ,804 1, ,939 3,600 Institutional Support Administrative and General ,809 38,272-95, , , ,465 Alumni & Development ,250 10,250 10,250 Data & Telecommunication ,000 32,000 32,000 Insurance ,000 3,000 3,000 Marketing & Promotion ,000 24,000 24,000 Memberships & Sponsorships ,000 3,000 3,000 Postage ,000 4,000 4,000 Printing & Copying Services ,500 6,500 6,500 Safety & Security 21,000 21,000 21,000 SUB-TOTAL ,809 38,272-95, , , ,465 Student Services VOA Student Services ,500 4,500 4,500 SUB-TOTAL ,500 4,500 4,500 Plant Operation & Maintenance Physical Facilities , , ,000 Purchased Utilities ,900 59,900 59,900 SUB-TOTAL , , ,900 Transfers Mandatory Transfers Out , , ,750 Non-Mandatory Transfers - Renewals & Replacements ,300 35,300 35,300 SUB-TOTAL , , ,050 TOTAL VOA LEARNING CENTER $ - $ - $ - $ - $ 196,809 $ 38,272 $ 2,804 $ 96,344 $ - $ - $ 856,999 $ 1,191,228 $ 1,189,765 GRAND TOTAL $ 57,285,438 $ 18,431,932 $ 19,362,099 $ 95,079,469 $ 63,477,151 $ 26,108,614 $ 8,736,457 $ 74,339,593 $ 10,586,777 $ 118,646,712 $ 123,507,973 $ 520,482,747 $ 471,080,313 GRAND TOTAL WITHOUT COHORT FINANCIAL AID DISCOUNTS $ 57,285,438 $ 18,431,932 $ 19,362,099 $ 95,079,469 $ 63,477,151 $ 26,108,614 $ 8,736,457 $ 74,339,593 $ 10,586,777 $ 44,783,131 $ 123,507,973 $ 446,619,168 $ 410,543,381 31

40 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.

41 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 $ 107,228,472 $ - $ 105,000 $ 107,333,472 $ 99,211,340 (HDRBS) Shriver Center 23,338,675 45,000 30,000 23,413,675 27,239,128 Marcum Conference Center 1,531,274 20,000 3,000 1,554,274 1,534,562 Goggin Ice Center 1,711,300 1,160,000 2,000 2,873,300 4,507,940 Recreational Sports Center 3,231,940-50,000 3,281,940 3,465,860 Total HDRBS Revenues 137,041,661 1,225, , ,456, ,958,830 Other Auxiliaries Intercollegiate Athletics 7,075, ,820 1,477,805 9,042,160 8,854,062 Millett Hall (Student Facilities) 33, ,662 33,000 Transportation Services 2,270, ,270,000 4,521,824 Aviation Services 143, , ,106 Student Health Service 2,641, ,641,260 2,252,538 Armstrong Student Center 110,500-3, ,500 3,918,177 Utility Enterprise (shown as expense recoveries below) Other Transfer In 853, , ,727 TOTAL AUXILIARY ENTERPRISES REVENUES & TRANSFERS 150,169,445 1,713,820 1,670, ,554, ,586,264 II. EXPENDITURES Housing, Dining, Recreation & Business Services Residence and Dining Halls 60,485, ,000 60,590,349 59,711,752 (HDRBS) Shriver Center 22,439,975 45,000 30,000 22,514,975 25,080,036 Marcum Conference Center 1,513,802 20,000 3,000 1,536,802 1,510,639 Goggin Ice Center 3,574,374 1,160,000 2,000 4,736,374 6,115,447 Recreational Sports Center 6,352,580-50,000 6,402,580 4,673,226 Total HDRBS Revenues 94,366,080 1,225, ,000 95,781,080 97,091,100 Other Auxiliaries Intercollegiate Athletics 25,150, ,820 1,477,805 27,117,073 26,452,482 Millett Hall (Student Facilities) 511, , ,758 Transportation Services 2,699, ,699,830 2,649,333 Aviation Services 208, , ,731 Student Health Service 1,434,876-3,000 1,437,876 2,242,345 Armstrong Student Center 2,627, ,627,588 1,526,687 Utility Enterprise - Recoveries (23,900,761) - - (23,900,761) (23,774,159) Expenditures 15,743, ,743,333 15,870, ,841,271 1,713,820 1,670, ,225, ,691,780 III. TRANSFERS-OUT/(IN) Mandatory Transfers Out Debt Service 42,581, ,581,890 42,904,107 Non-Mandatory Transfers General Fee (35,341,452) - - (35,341,452) (26,158,914) Non-Mandatory Transfers Other Transfers 24,087, ,087,736 17,149,291 Total Auxiliary Enterprises Transfers 31,328, ,328,174 33,894,484 TOTAL AUXILIARY ENTERPRISES EXPENDITURES & TRANSFERS $ 150,169,445 $ 1,713,820 $ 1,670,805 $ 153,554,070 $ 156,586,264 32

42 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. 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 and pharmacy. Utility Enterprise: Utility Enterprise provides utility services to the University (steam, chilled water, electricity, water, sewer, gas, fuel oil, & propane).

43 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 $ 101,131,143 $ - $ - $ - $ 388,100 $ 101,519,243 Other Operating 6,097,329 23,338,675 1,531,274 1,711,300 2,843,840 35,522,418 Designated & Restricted Revenues 105,000 75,000 23,000 1,162,000 50,000 1,415,000 Subtotal Revenues 107,333,472 23,413,675 1,554,274 2,873,300 3,281, ,456,661 Transfer In 27,000 9,000-2,000 6,000 44,000 General Fee - 913,124-4,286,039 3,890,157 9,089,320 Total Sources 107,360,472 24,335,799 1,554,274 7,161,339 7,178, ,589,981 Expenditures Salaries Unclassified 2,972,716 1,346, , ,590 1,538,108 6,813,081 Classified 10,433,131 1,476, , , ,977 13,129,125 Grad Asst/Teach Assoc Staff Benefits 5,302,085 1,063, , , ,352 7,798,186 Athletic Grants-in-Aid Utility Chargeouts Support Cost 41,777,417 18,554, ,227 2,039,704 3,494,143 66,625,688 Designated &Restricted Expenditures 105,000 75,000 23,000 1,162,000 50,000 1,415,000 Subtotal expenditures 60,590,349 22,514,975 1,536,802 4,736,374 6,402,580 95,781,080 Debt Service Principal 14,965,280 33,682-1,539,054-16,538,016 Interest 18,943,479 13, ,895-19,245,911 Total Uses 94,499,108 22,562,194 1,536,802 6,564,323 6,402, ,565,007 Transfers Out Contingency Repairs & Replacements 12,597,496 1,773,605 17, , ,517 15,661,106 Other Non-mandatory Transfers 263, ,000 50, ,868 Total Transfers $ 12,861,364 $ 1,773,605 $ 17,472 $ 597,016 $ 775,517 $ 16,024,974 Surplus/(Deficit)

44 MIAMI UNIVERSITY Exhibit Auxiliary Enterprises Operating Budget (All Funds) Revenue Inter- Millett Hall Student collegiate (Student Transportation Aviation Health Armstrong Utility TOTAL TOTAL Athletics Facilities) Services Services Services Student Center Enterprise BUDGET BUDGET Student Fee Revenue $ - $ - $ - $ - $ - $ - $ - $ 101,519,243 $ 95,592,609 Other Operating Revenue 7,075,535 33,662 2,270, ,006 2,641, ,500-47,796,381 48,052,676 Designated &Restricted Revenues 1,966, ,000-3,384,625 4,158,686 Subtotal Revenues 9,042,160 33,662 2,270, ,006 2,641, , ,700, ,803,971 Transfer In 194, ,000 65, , ,727 General Fee 17,930, ,689 2,500, ,860,188-35,341,452 34,041,480 Total Sources 27,167, ,351 5,320, ,215 2,641,260 4,973, ,895, ,745,178 Expenditures Salaries Unclassified 7,413,995-1,000 58, , , ,818 15,360,359 14,912,824 Classified 360, , ,065 30,295 1,249,058 15,184,337 13,939,410 Grad Asst/Teach Assoc Staff Benefits 3,083,067-82,811 23, ,819 89, ,835 12,010,141 11,249,591 Athletic Grants-in-Aid 6,710, ,710,012 6,026,032 Utility Chargeouts (23,900,761) (23,900,761) (23,774,159) Support Cost 7,582, ,662 2,377, ,928 1,663,796 1,120,888 13,468,623 93,477,184 96,179,396 Designated &Restricted Expenditures 1,966, ,000-3,384,625 4,158,686 Subtotal expenditures 27,117, ,662 2,699, ,215 2,627,588 1,437,876 (8,157,428) 122,225, ,691,780 Debt Serivce Principal - 353,215 1,238, ,188,761 1,655,516 20,974,367 19,105,579 Interest - 49, , ,261, ,152 21,607,523 23,798,528 Total Uses 27,117, ,935 4,280, ,215 2,627,588 3,887,876 (5,792,760) 164,807, ,595,887 Transfers Out Contingency Repairs & Replacements - 80,416 1,040,102-13, ,652 5,792,760 23,532,708 16,754,291 Other Non-mandatory Transfers 50, , , ,000 Total Transfers $ 50,000 $ 80,416 $ 1,040,102 $ - $ 13,672 $ 1,085,812 $ 5,792,760 $ 24,087,736 $ 17,149,291 Surplus/(Deficit)

45 Chart N MIAMI UNIVERSITY BUDGET Oxford Campus Auxiliary Revenue 35