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.
