Budget Highlights FY 19-20

Budget Environment

A number of factors shaped the University’s FY 2020 Budget. The State of Ohio biennial operating budget for the FY 2019 – FY 2020 a slight increase in the State Share of Instruction and 2% cap on increases resident tuition. The University continued the cohort based tuition guarantee program and admitted its fourth cohort in fall 2019.

Tuition revenues for the Oxford and Middletown campuses are budgeted to reflect a slight decline compared to FY 2019 while the revenues for the Hamilton campus are budgeted to reflect a slight increase compared to FY 2019.  The FY 2020 budget included the first year implementation of Board of Trustee’s Strategic Budget Plan. The plan includes 5 years of administrative productivity targets and a process for reallocating academic personnel across divisions. The budget also included investments in faculty/staff compensation and student financial aid.

2019-2020 Budget Assumptions

Overall Budget – All Campuses

The FY 2020 Unrestricted & Restricted revenue budget decreased $3,121,398 or 0.5% over FY 2019. The FY 2020 Auxiliary Enterprises budget increased $11,505,425 or 7.4%. Miami University’s FY 2020 revenue budget for all funds is $744,196,130 or roughly $2,038,894 per day.

Revenues ($744,196,130) 

The FY 2020 University revenue budget is comprised as follows:

  • 53.7% | Student Tuition and Fee
  • 22.6% | Auxiliary Enterprises
  • 10.4% | State Appropriations
  • 13.3% | Contracts, Sales & Services, Temporary Investments, Endowment Income and Gifts

Expenditures ($736,452,764)

The FY 2020 University expenditure budget is comprised as follows:

  •  40.8% | Instructional Research, Public Service, Academic & Student Support
  •  17.2% | Auxiliary Enterprises
  •  6.7% | Scholarships and Financial Aid
  •  20.1% | Institutional Support and Plant Operation & Maintenance
  •  15.2% | Debt Service and Other Transfers

Oxford Campus

The budget assumed a first year class of 4,300 students. Fifty-nine percent (59%) of the incoming class are expected to be Ohio residents, while forty-one percent (41%) are expected to come from outside of Ohio.

The FY 2020 budget continued the Miami Tuition Promise for Oxford campus undergraduate students. The Miami Tuition Promise provides all first-time students and their families the certainty that tuition, special purpose fees, course fees and room and board charges will not increase over the ensuing four academic year period from their first enrollment as a degree seeking student.  Tuition for the fall 2019 Tuition Promise cohort is budgeted as a one-time increase over fall 2018 of three percent (3%) for non-residents and three point five percent (3.5%) for residents.  Tuition for continuing is budgeted to increase two percent (2%) for non-residents and residents.

Noteworthy changes in budgeted expenses include a salary increment pool of two percent (2%) and an additional $2,551,170 for staff salary adjustments, $2.6M in additional investments in University Advancement, and $3.5M in planned underspending in salaries and benefits.  The Oxford campus budget assumes a surplus of $7.6 million.

Regional Campuses

The FY 2020 budget continued the Miami Tuition Promise for regional campus undergraduate students.  Tuition for the fall 2019 Tuition Promise cohort is budgeted as a one-time increase over fall 2018 of one point four percent (1.4%) for non-residents and three point five percent (3.5%) for residents.  Tuition for continuing students is budgeted to increase zero point nine percent (0.9%) for non-residents and two percent (2%) for residents. The FY 2020 budget assumed a one point five (1.5%) decline in enrollment over the prior year budget.  Noteworthy changes in budgeted expenses include a salary increment pool of two percent (2%).

Budget Document

An electronic version of the annual Operating Budget can be obtained by contacting the University Budget Office. The University Budget Office welcomes your feedback on any exhibits and charts and is available to address any questions about the University’s budget.