University Budget Model University of Michigan http www

University Budget Model University of Michigan http: //www. provost. umich. edu/budgeting/ub_model. html Presented by Debbie Apsley Director of SI HR (Information presented today provided by Dean Pollack)

Brief Overview of the UB Model University Budget (UB) Model at the Uof. M is *not* a typical model for universities. We are responsible for our own funds! University Budget made up of: ¡ Endowments/Gifts ¡ General Fund

Endowment/Gifts Targeted Funds Ø Master student scholarships Ø Foundation gift for faculty development Can only spend 5% of the fund so, for example, a School with a $600, 000 endowment fund can only spend $30, 000 annually

General Fund ¡ ¡ Committed Funds Operating Budget Income and Expenses

Committed Funds Targeted funds not yet spent but committed to faculty and/or projects Ø Ø Ø Faculty Research Incentive Funds VISIT project Dean’s Discretionary Fund

Operating Budget INCOME (SI’s Income is approximately $15 million) ü ü MSI Tuition and Fees Indirect Cost on Research (52 cents on each dollar spent) ü General Fund Supplement

Operating Budget cont. EXPENSES (SI’s Expenses are approximately $15 million) ü ü Faculty and Staff Salaries and Benefits Doctoral Student Stipend, Tuition and Benefits MSI Financial Aid General Expenses (e. g. , supplies, staff development, travel, etc) ü ü Facilities Taxes Paid to the University (11% - 24% plus Rackham tax)

General Fund Supplement This represents a significant portion of SI’s $15 million dollars in income ¡ ¡ ¡ Historical Base Budget that was calculated years ago and stays constant Most of the tax expense we paid to the University comes back to SI as part of this supplement The amount of the taxes the University keeps pays for services like the UM Police and the Library

Sources of Support for Doctoral Students ¡ ¡ ¡ Research Grants External or UM Fellowships SI General Fund (GSIs/GSRAs) On average, it costs $55, 000 per year for each doctoral student