54 CAMPUSES | 47 COMMUNITIES Overview of Today’S Discussion
333,000 STUDENTS | 54 CAMPUSES | 47 COMMUNITIES Overview of today’s discussion Bill Maki System Revenue and Expenses Vice Chancellor of Finance and Facilities State Appropriation and Tuition Relationship Minnesota State System Allocation Methodology Lori Kloos Vice President of Administration Components of College/University Allocation St. Cloud Technical & Community College Campus Budget Planning Considerations 2 Minnesota State Colleges and Universities FY2020 All Funds – Revenues (in thousands) Financial Aid, $297,628 , 15% Tuition, Net, $523,337 , 26% Other Revenues, $273,057 , 14% Fees, Net, $70,445 , 3% Revenue Fund, $90,398 , 4% State Appropriation, $762,135 , 38% 3 Minnesota State Colleges and Universities FY2020 All Funds – Operating Expenses (in thousands) Other, $290,617 , 14% Salaries and Benefits, Supplies, $118,157 , 6% $1,403,019 , 69% Purchased Services, $229,216 , 11% Excludes pension and OPEB liabilities 4 Minnesota State Colleges and Universities FY2020 All Funds – Operating Expenses by functional area (in thousands) Scholarships and Academic Support, Fellowships, $95,218 , $266,157 , 13% 5% Auxiliary Enterprises, $197,052 , 10% Institutional Support, $272,262 , 13% Student Services, $303,485 , 15% Research, $10,566 , 0% Public Service, $14,327 , 1% Excludes pension and OPEB liabilities Instruction, $881,942 , 43% 5 Recent history of tuition rate changes Fiscal Year Colleges Universities 2014 Frozen Frozen 2015 Frozen Frozen 2016 Frozen Increased overall average 3.4% 2017 Cut 1% Frozen 2018 Increased overall average
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