University of Minnesota Budget Overview

University of Minnesota Budget Overview

February 10, 2021

Agenda

Overview of Revenues ? FY21 Budget = $3.9b

? State Appropriations and Tuition ? All other Funds (touching on the Endowment) ? Balances and Central Reserves

Overview of Expenditures

15 minutes

The Internal Budget Process and Model

15 minutes

Questions throughout and at the end

2

Not All Money is "Green"

RESTRICTED

State Specials, Federal Appropriations, Restricted Gifts & Endowment Income,

Sponsored Grants

SELF-SUPPORTING Auxiliaries

UNRESTRICTED

State O&M Appropriation and Tuition

Fees, ICR, Sales & Services, Clinical Income, Central Reserves, Unrestricted Gifts

3

University of Minnesota Revenue Sources By Fund Category-FY21: $3.9 Billion (excludesinternalsales)

Restricted to Purpose or Units - $812.8m) (Gifts, Endowment Earnings, State Special and Federal Appropriations, NonSponsored Grants & Contracts)

21%

Sponsored ($600.0m)

15%

O&M Appropriation

15% ($602.8m)

Tuition (before waivers)

($1,023.3m)

26%

9%

Auxiliaries ($354.7m)

14%

Misc. Unrestricted ? Differentially Available to Units Based on Ability to Generate ($540.4m) (ICR, Fees, Sales, Clinical Income, etc.)

4

FY21 Tuition and State Appropriation

$695.8m 42%

$973.3m 58%

Tuition State Appropriation

Tuition = net of waivers State Appropriation = from the State's General Fund, the Hlth Care Access Fund, & the Cigarette Tax

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