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USM Revenue and Expense
Budget Changes FY 2013 to FY 2014
As of 3/8/13
FY 2014 E&G Tuition and Fee Revenues
• Undergraduate, in-state tuition and associated unified (mandatory) fee frozen by Board of Trustees. Campus freezes on:
• Law School tuition
• In-state graduate tuition
• Out-of-state graduate and undergraduate tuition
• Limited increases on course and other student fees
Per Credit Cost of In-state Tuition and the Unified Fee
↑ 63.4%
State Appropriation ↑ 6.4%
Between Academic Year 2004-2005 and now - Academic Year 2012-2013
Enrollment (credit hours) As a # ↑ or ↓ As a %
Academic Year 13,617 ↓ 6.9%
Summer 5,484 ↓ 17.5%
Between Academic Year 2004-2005 and now - Academic Year 2012-2013
Total USM Fall and Spring Semester Credit Hours
196,025 195,532
192,873
190,884
189,101 189,059
189,727
182,778 182,408
180,000
182,000
184,000
186,000
188,000
190,000
192,000
194,000
196,000
198,000
200,000
Budget 186,024
Budget 187,570
Total USM Summer Semester Credit Hours
26,624
24,731 25,163
24,842
22,231
21,546
22,598 22,404
21,140
20,000
21,000
22,000
23,000
24,000
25,000
26,000
27,000
28,000
Budget
22,256
Budget
22,256
Average USM Fall and Spring Semester FTE Students
7058 7067
6957 6896
6792 6796 6840
6576 6577
6000
6200
6400
6600
6800
7000
7200
7400
7600
7800
8000
Budget 6,774
Estimated State Appropriation with Outcomes Based Funding
$150
Tuition and Fee Revenue $750
Indirect Cost Recovery ($500)
Total Revenue Increase $400
Revenue Changes (in thousands)
UMS Chargebacks, Insurance and Debt Service $140
Salary, Wage and Fringe Benefit $2,625
Financial Aid $1,200
Funding for Depreciation $1,485
Total Expense Increase $5,450
Expense Changes (in thousands)
Expense Increase $5,440
Revenue Increase ($400)
Reduction Target $5,050
Summary (in thousands)
$5,050 is 4 % of our $126,393 Operating Budget
Financial Aid
Debt Service
Insurance
UMS Chargebacks
Compensation Adjustment
$13,506
What We Can’t Cut (in thousands)
Division Reduction Target % of Target
Academic Affairs $3,194 63.4%
All Other $1,856 36.6%
Total $5,050 100.0%
FY 2014 Base Budget Reduction Targets
(in thousands)
DoIT $162,930
Finance and Administration $793,880
Human Resources $81,815
Media and Legislative Relations $60,400
President $61,560
Student and University Life $287,550
Student Success $345,485
University Advancement $62,400
Total 1,856,020
All Other Breakdown
http://www.maine.edu/pdf/MYFAFY14-18R.pdf
What About The Future?
FY 2015 $3,750
FY 2016 $2,200
FY 2017 $748
FY 2018 $893
We Will Need to Cut . . . (in thousands)
http://www.insidehighered.com/news/2013/01/11/wiche-report-highlights-decline-high-school-graduates-and-growing-diversity
