09/20/07 |
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|
NORTHERN MICHIGAN
UNIVERSITY |
|
RECOMMENDED
GENERAL FUND OPERATING BUDGET |
|
EXPLANATION OF
BUDGET CHANGES |
|
FISCAL YEAR
2007-2008 |
|
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Change |
|
BUDGET RESOURCES |
|
|
State appropriation (decrease of 1.7%) |
|
($807,000) |
|
|
Tuition and fees |
|
|
Rate increase of 9.25% residents with
same dollar amount increase for non-resident students |
$3,912,000 |
|
|
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Adjustment from FY2007 |
217,000 |
|
|
|
Bad debt reclassification from expense
to revenue offset (line item reallocation) |
(569,798) |
|
|
|
Subtotal-Tuition and fees |
|
3,559,202 |
|
|
Less: Scholarships |
|
|
Indian tuition waiver |
(55,000) |
|
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Adjustments from 2007 |
(95,000) |
|
|
Net scholarship inflationary
increase/national academic awards |
(485,353) |
|
|
Subtotal-Scholarships |
|
(635,353) |
|
|
Department income (rental income) |
|
34,000 |
|
|
Investment income (increased investment and endowment revenues) |
|
225,000 |
|
|
Carry-over (decrease in departmental balances - includes reduction of
$4.2 million appropriation |
|
|
|
|
delayed payment) |
|
(2,442,965) |
|
|
|
RESOURCES |
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($67,116) |
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|
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BUDGET EXPENDITURES |
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Personal services: |
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Non-represented and contractual
increases |
$2,553,586 |
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|
MPSERS increase |
250,000 |
|
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Faculty staffing |
150,000 |
|
|
Assoc Provost-Student Services office
staff base support from auxiliary overhead (line item reallocation) |
164,839 |
|
|
Graduate stipends |
100,000 |
|
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Departmental reallocation of funds |
76,405 |
|
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Minimum wage |
75,000 |
|
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Grant development |
60,000 |
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Internationalization |
40,000 |
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Faculty staff recognition awards |
25,000 |
|
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Extended library hours |
6,000 |
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Subtotal-Personal services |
|
$3,500,830 |
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Supplies and services: |
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|
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Credit card fees |
68,000 |
|
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Printing/postage increase |
33,000 |
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MIOSHA compliance (eye wash and annual
testing) |
16,000 |
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Hazardous waste disposal |
10,000 |
|
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Health Center support moved to overhead
offset (line item reallocation) |
(33,500) |
|
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Departmental reallocation of funds |
(76,440) |
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|
Departmental support cost savings |
(200,000) |
|
|
Bad debt reclassification to revenue
offset (line item reallocation) |
(569,798) |
|
|
Subtotal-Supplies and services |
|
(752,738) |
|
|
Utilities (projected decrease) |
|
(200,000) |
|
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Equipment, lease, and library
acquisitions: |
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Capital equipment replacement (increase from $600,000 to $625,000) |
25,000 |
|
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Departmental reallocation of funds |
3,630 |
|
|
Subtotal-Equipment, lease, and
library acquisitions |
|
28,630 |
|
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Transfers: |
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Debt service (retirement of debt) |
|
(122,000) |
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Administrative Information Technologies |
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System software maintenance support |
77,000 |
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Compensation/minimum wage support |
46,531 |
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Personnel savings |
(55,516) |
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Subtotal-Administrative
Information Technologies |
|
68,015 |
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Intercollegiate Athletics |
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Athletic medical trainer/coaching adjustments |
75,573 |
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Transportation/team travel support |
75,000 |
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Compensation/minimum wage support |
56,653 |
|
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Incentive loans to base funding |
41,000 |
|
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Subtotal-Intercollegiate Athletics |
|
248,226 |
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Facilities maintenance (long-term facilities maintenance funds; $2.5
million goal) |
|
140,000 |
|
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Intramural recreational services (compensation/minimum wage increases) |
|
25,546 |
|
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Other |
|
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Mail Services (compensation/minimum wage support) |
2,684 |
|
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Micro Repair (minimum wage support) |
604 |
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Departmental reallocation of funds |
(2,948) |
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Subtotal-Other transfers |
|
340 |
|
|
Learning Resources (compensation support) |
|
32,608 |
|
|
NMU Foundation (compensation support) |
|
11,731 |
|
|
USOEC (Board approved funding based on additional net tuition
revenues) |
|
96,000 |
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Overhead reimbursement: |
|
|
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Auxiliary Services |
|
|
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Health Center support moved to
overhead offset (line item reallocation) |
33,500 |
|
|
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Overhead recovery for services |
(100,000) |
|
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Overhead recovery to base for Assoc
Provost-Student Services office staff (line item reallocation) |
(164,839) |
|
|
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Subtotal-Auxiliary Services |
|
(231,339) |
|
|
Off campus and summer session (summer session reallocations/overhead
recovery for services) |
|
(470,000) |
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Carry-over |
|
|
Departmental (decrease in departmental balances) |
|
(14,403) |
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Obligated by contractual commitments (increase in year end
commitments) |
|
269,127 |
|
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Budgeted for subsequent fiscal year
(includes reduction of $4.2 million appropriation delayed payment) |
(2,697,689) |
|
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EXPENDITURES |
|
($67,116) |
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