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Productivity, Quality, and Outcomes Agreement

Table 1: Preliminary Projection of Future Years' Revenue & Expenses


STUDENT FTE

                                  Estimated    Preliminary    Projected     Projected     Projected
                                   FY 1995       FY 1996       FY 1997       FY 1998       FY 1999     Comments

UG  -  RESIDENT                    6,964.57         7,025         7,075         7,125         7,175    FTE projections as submitted
UG  - WUE                            925.54           600           312           312           312         to Regents on June 29, 1995.
UG  - NON-RESIDENT                 1,447.76         1,779         2,048         2,212         2,300
GRAD  -  RESIDENT                    516.67           519           525           560           570
GRAD  -  NON-RESIDENT                167.83           186           200           225           243
                         TOTAL    10,022.37        10,109        10,160        10,434        10,600

SEMESTER TUITION & FEES

REGISTRATION                         $30.00        $30.00        $30.00        $30.00        $30.00
UNDERGRADUATE  TUITION
  RESIDENT                          $788.20       $855.40       $914.90       $965.22     $1,040.02    Tuition rates for FY98 and FY99
  WUE                             $1,182.30     $1,283.10     $1,373.40     $1,448.94     $1,561.23         are based upon 5.50% and 7.75%
  N/R ADD-ON                      $1,988.00     $2,167.20     $2,318.40     $2,445.91     $2,635.47         increases respectively.
GRADUATE  TUITION
  RESIDENT                          $945.70     $1,026.20     $1,098.30     $1,158.71     $1,248.51
  N/R ADD-ON                      $1,988.00     $2,167.20     $2,318.40     $2,445.91     $2,635.47

REVENUE

REGISTRATION                        687,723       693,667       697,167       715,969       727,359
TUITION
  UG RES INCIDNTL                11,947,269    13,569,542    15,039,286    16,238,637    17,755,660
  WUE                             2,150,385     1,512,882       842,064       888,379       957,227
  NON-RESIDENT                    5,463,112     7,243,594     8,864,969    10,138,847    11,399,794
  GRADUATE                          963,424     1,076,742     1,185,085     1,353,739     1,510,682
                                 21,211,913    24,096,427    26,628,571    29,335,571    32,350,722
SUPER TUITION
  NURSING                                                       172,110       181,576       195,648    Tuition rates for FY98 and FY99
  ENGINEERING                                                   109,066       115,065       123,982         are based upon 5.50% and 7.75% 
ADMISSIONS                          202,000       202,000       202,000       202,000       202,000         increases respectively.
LOAN & LATE FEES                    160,000       160,000       160,000       160,000       160,000

NET  REVENUE                     21,573,913    24,458,427    27,271,747    29,994,212    33,032,352
FEE WAIVERS                       2,191,261     2,623,276     2,805,746     3,002,148     3,212,299    Fee Waivers in FY98 & FY99 are
GROSS TUITION & FEES             23,765,174    27,081,703    30,077,493    32,996,360    36,244,651         projected based upon prior
                                                                                                            year percentage of Net Revenue.
MISCELLANEOUS                       348,970       350,000       350,000       350,000       350,000
GENERAL FUND                     28,907,962    29,713,578    31,031,129    31,806,907    32,602,080    +2.5% incr/yr in GF & Millage
MILLAGE                           4,995,660     5,150,155     4,888,315     5,010,523     5,135,786         for FY98 and 99.

PRIOR YEAR CARRYOVER              1,147,349       850,000       650,000       450,000       250,000

TOTAL REVENUE                    59,165,115    63,145,436    66,996,937    70,613,790    74,582,517

EXPENDITURES

                                  Estimated    Preliminary    Projected     Projected     Projected
                                   FY 1995       FY 1996       FY 1997       FY 1998       FY 1999     Comments
SALARIES & BENEFITS
  Faculty                        21,016,140    22,634,751    24,196,549    25,866,111    27,650,873    Based on 6.9% increase per year.
  Administrative                  2,077,701     2,183,295     2,292,460     2,407,083     2,527,437    Based on 5.0% incr/yr in FY97, 98 & 99.
  Professional                    2,652,901     2,787,728     2,927,114     3,073,470     3,227,144    Based on 5.0% incr/yr in FY97, 98 & 99.
  Classified                      6,396,006     6,650,183     6,969,392     7,213,321     7,465,787    4.8% incr in FY97.  3.5% in FY98 & 99.
  GTAs/GRAs                       1,878,455     1,973,923     2,072,619     2,176,250     2,285,063    Based on 5.0% incr/yr in FY97, 98 & 99.
  Hourly/Part-time                2,224,413     2,312,811     2,423,826     2,508,660     2,596,463    4.8% incr in FY97.  3.5% in FY98 & 99.
  Termination Pay                   306,847       308,998       311,048       313,005       314,877    FY97, FY98, & FY99 Termination Pay,
  Recharges                      (1,095,717)   (1,123,144)   (1,150,226)   (1,176,989)   (1,203,465)        Recharges, and Benefits shown as
  Benefits                        8,317,004     8,849,894     9,392,739     9,941,188    10,523,682         prior year percentage of P.S. costs.
                      subtotal   43,773,750    46,578,439    49,435,521    52,322,099    55,387,861
  additional Faculty lines           n.a.          n.a.          n.a.         767,073     1,317,258    Due to enrollment growth  (Fac/22 FTE)
OPERATING                        10,052,004    10,500,000    11,262,500    11,544,063    11,832,665    Based on 2.5% annual increases, with
                                                                                                            a $500,000 EPS Budget Mod in FY97.
CAPITAL                           2,207,474     2,300,000     2,357,500     2,416,438     2,476,849    Based on 2.5% annual increase.
FEE WAIVERS                       2,191,261     2,623,276     2,805,746     3,002,148     3,212,299
FUND TRANSFERS                       n.a.         182,612       415,729        n.a.          n.a.      One-time faculty salary increase assistance
                                                                                                            for AES, ES, and FSTS  --  to be 
TOTAL EXPENDITURES               58,224,489    62,184,327    66,276,996    70,051,821    74,226,932         replaced with Gen Fund support 
                                                                                                            in FY98 and FY99.
CONTINGENCY RESERVE                  n.a.         200,000       200,000       200,000       200,000            

PROJECTED BALANCE                   940,626       761,109       519,941       361,969       155,585

NOTES:
  1.  The Contingency Reserve is for protection against unrealized revenues.  The model assumes authority to carry forward a balance into the 
      FY 98/99 biennium (consistent with historical practice).
  2.  This financial plan is based on several inter-related assumptions.  If enrollment projections are not met, or expected levels of General
      Fund support are not received, tuition rates may have to be increased further in FY98 and FY99.
  3.  Classified and hourly employee salary increases for FY97 are estimated at 4.8 percent for MSU-Bozeman.  More conservative rates are 
      projected for FY98 and FY99.
  4.  Additional faculty lines in the FY98/99 biennium are to accomodate anticipated enrollment growth.
      The budgeted need is very conservative, at one FTE faculty per 22 new FTE students, with no funds for operating or staff support.

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