| 09/20/07 | ||||
| NORTHERN MICHIGAN UNIVERSITY | ||||
| RECOMMENDED GENERAL FUND OPERATING BUDGET | ||||
| EXPLANATION OF BUDGET CHANGES | ||||
| FISCAL YEAR 2007-2008 | ||||
| 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 | |||
| 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) | |||
| 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 | ($67,116) | |||
| BUDGET EXPENDITURES | ||||
| Personal services: | ||||
| Non-represented and contractual increases | $2,553,586 | |||
| MPSERS increase | 250,000 | |||
| Faculty staffing | 150,000 | |||
| Assoc Provost-Student Services office staff base support from auxiliary overhead (line item reallocation) | 164,839 | |||
| Graduate stipends | 100,000 | |||
| Departmental reallocation of funds | 76,405 | |||
| Minimum wage | 75,000 | |||
| Grant development | 60,000 | |||
| Internationalization | 40,000 | |||
| Faculty staff recognition awards | 25,000 | |||
| Extended library hours | 6,000 | |||
| Subtotal-Personal services | $3,500,830 | |||
| Supplies and services: | ||||
| Credit card fees | 68,000 | |||
| Printing/postage increase | 33,000 | |||
| MIOSHA compliance (eye wash and annual testing) | 16,000 | |||
| Hazardous waste disposal | 10,000 | |||
| Health Center support moved to overhead offset (line item reallocation) | (33,500) | |||
| Departmental reallocation of funds | (76,440) | |||
| 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) | |||
| Equipment, lease, and library acquisitions: | ||||
| Capital equipment replacement (increase from $600,000 to $625,000) | 25,000 | |||
| Departmental reallocation of funds | 3,630 | |||
| Subtotal-Equipment, lease, and library acquisitions | 28,630 | |||
| Transfers: | ||||
| Debt service (retirement of debt) | (122,000) | |||
| Administrative Information Technologies | ||||
| System software maintenance support | 77,000 | |||
| Compensation/minimum wage support | 46,531 | |||
| Personnel savings | (55,516) | |||
| Subtotal-Administrative Information Technologies | 68,015 | |||
| Intercollegiate Athletics | ||||
| Athletic medical trainer/coaching adjustments | 75,573 | |||
| Transportation/team travel support | 75,000 | |||
| Compensation/minimum wage support | 56,653 | |||
| Incentive loans to base funding | 41,000 | |||
| Subtotal-Intercollegiate Athletics | 248,226 | |||
| Facilities maintenance (long-term facilities maintenance funds; $2.5 million goal) | 140,000 | |||
| Intramural recreational services (compensation/minimum wage increases) | 25,546 | |||
| Other | ||||
| Mail Services (compensation/minimum wage support) | 2,684 | |||
| Micro Repair (minimum wage support) | 604 | |||
| Departmental reallocation of funds | (2,948) | |||
| 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 | |||
| Overhead reimbursement: | ||||
| Auxiliary Services | ||||
| Health Center support moved to overhead offset (line item reallocation) | 33,500 | |||
| Overhead recovery for services | (100,000) | |||
| Overhead recovery to base for Assoc Provost-Student Services office staff (line item reallocation) | (164,839) | |||
| Subtotal-Auxiliary Services | (231,339) | |||
| Off campus and summer session (summer session reallocations/overhead recovery for services) | (470,000) | |||
| Carry-over | ||||
| Departmental (decrease in departmental balances) | (14,403) | |||
| Obligated by contractual commitments (increase in year end commitments) | 269,127 | |||
| Budgeted for subsequent fiscal year (includes reduction of $4.2 million appropriation delayed payment) | (2,697,689) | |||
| EXPENDITURES | ($67,116) | |||