2018-2019 Budget E X E C U T I V E S U M M a R Y
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2018-2019 Budget E X E C U T I V E S U M M A R Y OFFICE OF BUDGET & PLANNING George Mason University Total Budget, 2018-2019 Executive Summary Table of Contents BUDGET SUMMARY OVERVIEW ..................................................................................................................1 Budget Highlights .................................................................................................1 Annual Change: All Programs ..............................................................................3 All Funds—All Sources—Revenue ......................................................................4 All Funds—All Uses—Outlay ..............................................................................5 Institutional Profile ...............................................................................................6 Performance Measures ........................................................................................15 Institutional Performance Standards ...................................................................18 Strategic Plan ......................................................................................................19 EDUCATIONAL AND GENERAL...............................................................................25 Educational and General Revenues ....................................................................25 Funds Available For Allocation (Sources) .........................................................28 Use of Funds / Expenses .....................................................................................30 Educational and General Budget by Unit ..........................................................33 AUXILIARY ENTERPRISES .......................................................................................35 Auxiliary Enterprises Revenues ..........................................................................35 New Student Fee Requirements ..........................................................................40 Use of Funds / Expenses .....................................................................................42 Summary of Auxiliary Enterprises Operating Budget ........................................48 TUITION AND FEES ....................................................................................................49 STUDENT FINANCIAL ASSISTANCE.......................................................................55 SPONSORED RESEARCH ...........................................................................................63 CAPITAL OUTLAY ......................................................................................................71 BUDGET DETAILS EDUCATIONAL & GENERAL DETAIL BY MAJOR UNIT .....................................75 AUXILIARY ENTERPRISES DETAIL BY MAJOR UNIT ........................................95 i ACKNOWLEDGEMENTS The 2018-2019 Budget Executive Summary is a collaborative effort between many professional experts at George Mason University. This document would not have been possible without the assistance from many within the institution. A special thank you for those members who have contributed to this Executive Summary, in particular: Ms. Jennifer (J.J.) Wagner Davis and Dr. S. David Wu Ms. Angela Detlev, Office of Institutional Research and Assessment Mr. Marc Fournier, Auxiliary Enterprises Ms. Renate Guilford, Office of the Provost Dr. Thulasi Kumar, Office of Institutional Research and Assessment Mr. Mike Laskofski, Office of Sponsored Programs Dr. Michelle Marks, Office of the Provost Ms. Kimberly Maze, Office of Sponsored Programs Mr. Frank Strike, Facilities Dr. Sandra L. Tarbox, Office of Student Financial Aid Ms. Cassandra Thomas, Office of Student Financial Aid Office of Budget and Planning: Mr. David Moore, Chief Budget Officer Ms. Barbara Clark Ms. Jessica Holtzman Ms. Jieping Li Mr. Billy Mak Ms. Dorian Mroz Ms. Patrice Musco Mr. Mark Stahley Ms. Li Zhou ii GEORGE MASON UNIVERSITY TOTAL BUDGET, 2018–2019 BUDGET HIGHLIGHTS • George Mason University has grown in both size and stature, not only becoming the largest public research university in the Commonwealth, but also gaining prominence in the United States and throughout the world. Mason’s location near Washington, D.C. affords the university access to unique opportunities, resources, and audiences, as it strives to be the best university for the world. Under the leadership of President Ángel Cabrera, the university has set an ambitious course for the future through its 2014-2024 Strategic Plan. Mason’s strategic plan is structured around four constituencies – students, faculty and staff, the community, and the world. While not mutually exclusive, each embraces the Mason IDEA – Innovative, Diverse, Entrepreneurial, and Accessible and is representative of the university’s commitment to serve. As an indicator of Mason’s strong market brand, this past fall Mason welcomed its largest freshman class of approximately 3,530. Mason continues to serve a large student population with a headcount of 36,297 across all campuses, which represents a 3.1 percent increase over fall of 2016 and 17 percent of the total headcount from all 15 public, four-year institutions of higher education in the Commonwealth. • The total university budget for FY 2019 is projected to be $1.06 billion which represents an increase over the total university budget of $1.0 billion in FY 2018. The FY 2019 budget comprises $989.9 million in operating funds which includes strong increases in philanthropic and sponsored research activities, showing an increase of 8.3 percent or $5.0 million and 10.1 percent or $10.6 million respectively. The total price for an in-state undergraduate student living on-campus (including tuition, fees, room, and board) is $23,922 which is a 4.0 percent increase; and the total price for an out-of-state undergraduate student living on-campus will be $47,382, a 4.2 percent increase over the previous year. • Serving a large and diverse student population requires investment in services and programs to maintain and balance an accessible, affordable, and high quality education for our students. Within the total operating budget, an increase of approximately $4.0 million is provided to support the student experience redesign and strategic plan initiatives. The Stay Mason Initiative, a student support fund to assist Mason students who are at risk of not continuing their education due to unexpected financial situations, will continue to be permanently budgeted at $1.3 million. In addition to the Stay Mason funds, institutional financial aid for undergraduates includes the continuation of out-of-state leveraging funds. The combination of Commonwealth and institutional financial aid will increase by 12.3 percent or approximately $8.4 million. The university will continue to advocate for additional Commonwealth student aid and is hopeful that additional funds will be provided once a budget is approved. 1 GEORGE MASON UNIVERSITY TOTAL BUDGET, 2018–2019 BUDGET HIGHLIGHTS, (CONTINUED) • Compared to the FY 2018 budget, the total FY 2019 Educational and General (E&G) budget will increase by $35.1 million or 6.6 percent and Auxiliary Budget will increase by $10.9 million or 4.8 percent. FY 2019 state appropriations will increase to provide for the annualization of the FY 2018 increases in salary, healthcare and pension costs. In addition, there is a conservative increase for enrollment growth related funding that was originally put in as an adjustment in the Governor’s introduced budget bill. The budget reflects $15.2 million in additional compensation, including 1) a one-time emergency retention fund for faculty and staff; 2) employer-paid health insurance premium; 3) funding to annualize state-supported salary plan increase that was provided in FY 2017; and 4) increases for faculty promotion and tenure. The budget provides $8.4 million in additional student financial assistance. Mason has implemented a comprehensive pricing strategy for both undergraduate and graduate populations. Over the past few years, the institutionally funded financial aid budget has included additional funding for leveraging. This funding has helped Mason enroll its largest freshman classes in the fall for the past four years. In the next six years, Mason will continue its efforts to increase the student population for in-state and out-of-state students and student financial aid is a key component in reaching these university goals. Undergraduate aid, which includes the Stay Mason Initiative, discounting, merit, and University Scholars, is increasing by 26.3 percent. The budget provides for the following initiatives: $4.7 million for IT infrastructure and research needs to address a secure computing environment for research activities to comply with federal regulations and to strengthen the university’s network overall that will help enhance services to the campus community; $4.0 million for the student experience redesign and strategic initiatives; $3.6 million for additional student services support, operating support for student fee funded units, and university advancement efforts to continue moving forward the university’s philanthropic activities along with support provided to the Honors College program; $5.3 million in additional revenue and equal expense for the growth in graduate online enrollment anticipated during FY 2019; and $5.3 million for Auxiliary Enterprises self-supporting activities with increases in both revenue and expense budgets for Housing, Student