Tuition and Fees

2016-2017 BUDGET EXECUTIVE SUMMARY Office of Budget and Planning George Mason University Total Budget, 2016-2017 Executive Summary Table of Contents BUDGET SUMMARY OVERVIEW ..................................................................................................................1 Budget Highlights, FY 2017 .................................................................................1 Annual Change: All Programs ..............................................................................3 All Funds—All Sources—Revenue ......................................................................4 All Funds—All Uses—Outlay ..............................................................................5 Institutional Profile ...............................................................................................6 Performance Measures ........................................................................................14 Institutional Performance Standards ...................................................................18 Strategic Plan ......................................................................................................19 EDUCATIONAL AND GENERAL...............................................................................25 Educational and General Revenues ....................................................................25 Funds Available For Allocation (Sources) .........................................................29 Use of Funds / Expenses .....................................................................................31 Educational & General Budget by Unit .............................................................34 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 ........................................99 i Members of the George Mason University Budget Planning Team Ms. Jennifer (J.J.) Wagner Davis and Dr. S. David Wu, Co-chairs Ms. Janet Bingham Mr. David Burge Mr. Thomas Calhoun Ms. Lisa Kemp Mr. Paul Liberty Dr. Michelle Marks Ms. Rose Pascarell Ms. Marilyn Smith Ex officio Support Staff Mr. David Moore, Chief Budget Officer Ms. Barbara Clark Mr. Frank Neville, Chief of Staff Ms. Kim Dight Dr. Susan Trencher, Faculty Senate Representative Ms. Renate Guilford Ms. Patrice Musco Office of Budget and Planning Contributions by other departments: Ms. Jieping Li Dr. Thulasi Kumar— Institutional Research & Reporting Ms. Monica Michaud Dr. Sandra L. Tarbox— Ms. Dorian Mroz Student Financial Aid Mr. David Oler Mr. Mike Laskofski, Ms. Kimberly Maze— Mr. Mark Stahley Office of Sponsored Programs Ms. Tracy Williams Ms. Li Zhou ii GEORGE MASON UNIVERSITY TOTAL BUDGET, 2016–2017 BUDGET HIGHLIGHTS • The total university budget for FY 2017 has reached $1.0 billion, which represents a 2.4 percent increase compared to the FY 2016 budget. The FY 2017 budget comprises $920.3 million in operating funds, an impressive $22.3 million state-supported financial student aid that represents 19.3 percent increase for both undergraduate and graduate financial aid support, and $58.4 million in capital outlay. Compared to the FY 2016 budget, the operating budget increases by 4.9 percent, most notably including a 6.1 percent increase in Educational and General that is primarily due to an increase in General Fund support. Capital outlay decreases as construction enters its final stage before completion for Fenwick Library and Potomac Science Center. This decrease is not anticipated for long as Mason will see planning and construction funds for Robinson Hall, Utility Infrastructure, and the Telecommunication projects, which were submitted to the state for funding consideration. • Mason continues to be the largest public university in the Commonwealth with a headcount of 34,112 across all campuses, which represents 16 percent of the total headcount from all 15 public, four-year institutions of higher education in the Commonwealth. Mason welcomed its largest recorded freshman class of approximately 3,256 during fall of 2015 and welcomed over 8,500 new degree- seeking students in FY 2016–an indicator of Mason’s strong market brand. • Like most institutions of higher education, Mason continues to experience a shifting and competitive enrollment landscape. In FY 2017, Mason will take a conservative approach to its enrollment goals. The FY 2017 budget will have overall enrollment and revenues remain stable with the majority of the revenue changes coming from the tuition and fee rate increases and the increase in state General Fund support for the Educational and General budget and state-supported student financial aid. • Serving a large, 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 increase is approximately $2.8 million for strategic plan initiatives that will provide support for student services, investment in research, new diversity and inclusion initiatives, and permanent support for student financial assistance through the Stay Mason Initiative. The total price for an undergraduate student living on-campus (including tuition, fees, room, and board) is $22,030 for in-state and $43,312 for out-of-state, an increase over the previous year of 2.7 and 2.9 percent respectively. Institutional financial aid for undergraduates includes the continuation of the out-of-state leveraging grant funds. The combination of Commonwealth and institutional financial aid will increase by 7.2 percent or approximately $4.2 million. • New to last year’s operating budget was a successful allocation of carryforward funds that were targeted toward retention and compensation funding and the creation of 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. Carryforward funds from savings achieved in previous years are one- time in nature. Anticipated FY 2016 budget savings will carry forward to help fund two strategic initiatives: 1) the Stay Mason Initiative, which will be funded by both one-time and permanent funds, and 2) funding for the expansion of Mason’s online course delivery, an initiative that is projected to increase Mason’s profile in the online markets. 1 GEORGE MASON UNIVERSITY TOTAL BUDGET, 2016–2017 BUDGET HIGHLIGHTS, (CONTINUED) • Compared to the FY 2016 budget, total FY 2017 Educational and General (E&G) budget SOURCES increase by $29.4 million or 6.1 percent. External subsidies from state appropriations increase by $10.9 million in FY 2017. The change in appropriations comprises additional resources that provide for an overall increase in cost for a state-supported salary increase and rising healthcare and pension costs and funding for the support of Mason’s strategic plan initiatives of access, affordability, quality, and degree completion. General Fund appropriations are projected to provide approximately 28 percent of the total E&G operating funds. In addition to the funding noted above, state appropriations have increased for the second consecutive year for the development of a pathway program to attract and train veterans for cybersecurity careers. • FY 2017 Educational and General (E&G) budget USES increase by $29.4 million or 6.1 percent. The budget reflects $17.5 million in additional compensation, including 1) a state-supported salary plan increase; 2) employer-paid health insurance premium and pension increases; 3) a new retention and compensation initiative; and 4) increases for faculty promotion and tenure. Non-personnel budgets reflect $11.9 million additional support for 1) state-supported six-year plan initiative for pathways in cybersecurity along with funding to support the Small Business Development Center; 2) investment in Mason’s strategic plan initiatives; 3) investment in research; 4) academic program and service funding; 5) contractual escalation costs; and 6) support increases in operation and maintenance costs for new facilities. The E&G budget includes efforts to drive down costs and repurpose the base budget through cost containment, efficiencies, and organizational restructuring. • Auxiliary Enterprise (AE) revenue in FY 2017 will increase by 4.4 percent or $10.6 million, with an increase in AE Independent Operations of $5.6 million, student fee revenue of $4.7 million, and self- generated revenue of approximately $0.3 million. The FY 2017 AE budget includes an

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