Montana State University - PowerPoint PPT Presentation

Loading...

PPT – Montana State University PowerPoint presentation | free to download - id: 3b5c1-MDBkM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Montana State University

Description:

President Geoffrey Gamble has served Montana State University as President since 2000. ... as Provost and Senior Vice President of the University of Vermont. ... – PowerPoint PPT presentation

Number of Views:93
Avg rating:3.0/5.0
Slides: 46
Provided by: BIGL
Learn more at: http://www.montana.edu
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Montana State University


1
17,645,000 Montana State University Facilities
Refunding Revenue Bonds Series 2003
Ratings Presentation
Subject to change
2
Table of Contents
Topic
Presenter
Section I MSU Overview and Vision
Section II Academic
Research Programs
Section III Enrollment Trends and Student
Profile Section
IV State Economy and Financial Overview
Section V Foundation
Overview and Scholarship Campaign Section
VI Presentation of Pledged Revenues Section
VII Refunding Plan of Finance

President Geoffrey Gamble Provost David Dooley,
VP Tom McCoy VP Allen Yarnell Acting VP Craig
Roloff Executive Director Dave Gibson Treasurer
Tom Gibson, Director Tom Stump Underwriter Ron
Kaiser
3
Montana State University Organization
  • Four campuses located throughout Montana
    Bozeman, Billings, Great Falls, and Havre
  • In 2002, the fall enrollment headcount on a
    combined basis for all four campuses was 17,785
    resident and 3,342 nonresident students

Page 1
4
Current Administration
  • President Geoffrey Gamble has served Montana
    State University as President since 2000. He has
    been involved with higher education in various
    capacities including faculty member, Department
    Chairman, Provost, and Senior Vice President at
    universities around the country. He most recently
    served as Provost and Senior Vice President of
    the University of Vermont.
  • The senior leadership team that supports
    President Gamble is an efficient and accomplished
    group. These leaders are diverse in their areas
    of study and average 16 years of service at
    Montana State University.

Page 2
5
Institutional Profile
  • Founded in 1893 as the Agricultural College of
    the State of Montana as a land-grant college
  • Renamed Montana State University in 1965 by the
    Legislature for enormous advancements in
    scientific and humanistic research
  • Routinely listed by U.S. News and World Report
    as one of Americas best buys for undergraduate
    education
  • Four campuses located throughout Montana
    Bozeman, Billings, Great Falls, and Havre.

Page 3
6
Other Montana State University Highlights
  • MSU has released more than 20 crop varieties to
    the public in the last 10 years
  • With 66.3 million in research expenditures in
    fiscal year 2002, MSU is ranked by the National
    Science Foundation as one of the top 100 research
    universities in the country
  • MSU is one of five universities designated by
    NASA to participate in the MARS Exploration
    Program
  • MSU student-athletes have ranked first in total
    Academic All-Big Sky Conference selections since
    1976

Page 4
7
MSUs Vision
  • Vision
  • Montana State University will be the university
    of choice for those seeking a student-centered
    learning environment distinguished by innovation
    and discovery in a Rocky Mountain setting.
  • Overarching priority expressed as Student Access
    and Student Success
  • MSU strives to achieve this priority through
    Recruitment, Retention, and Quality Enhancements
  • Strategies and tactics for achieving Vision
  • Establish permanent links between planning and
    budgeting efforts
  • Identify specific, institutional priorities in
    line with a long range plan
  • Develop strategic initiatives to achieve
    priorities
  • Regularly assess the outcome of MSUs investments

Page 5
8
University Planning, Budget, Analysis Committee
  • UPBAC is a 21-member group consisting of
    representatives from all sectors of the
    University and the public community
  • Charged with important responsibilities of
  • Setting strategic priorities
  • Establishing key performance indicators
  • Soliciting budget proposals from departments
    around MSU
  • Preparing preliminary budget proposal for
    discussion with the campus and community
  • Creation and proposal of a balanced budget which
    reflects MSUs mission, goals, obligations,
    strategic initiatives and constituent priorities
  • Primary challenge for UPBAC for fiscal year 04/05
    is to continue to enhance MSUs high level of
    educational quality, while maintaining affordable
    access for Montana students

Page 6
9
Degree Programs MSU-Bozeman
  • The curricula offered at the University is
    organized into seven colleges Agriculture,
    Education, Health and Human Development,
    Engineering, Letters and Sciences, Arts and
    Architecture, and the College of Graduate
    Studies. The largest of these colleges is the
    College of Letters and Sciences.
  • At the Bozeman campus there are
  • 46 bachelors degrees that cover 122 different
    areas of study
  • 37 masters degrees available
  • Doctorate degrees in 12 fields
  • The Universitys research programs serve the dual
    purpose of instructional services to students at
    all levels of studies and contributing to solve
    local and national problems in fields such as
    agriculture, bioremediation, neurosystems,
    natural resource management, electro-optics, and
    thermal biology.

Page 7
10
Academics
  • Recent enhancements to academic or academic
    support programs
  • Freshman seminars 60 of entering MSU freshman
    participate in small-enrollment seminar classes
    that focus on college transition issues and the
    development of critical thinking skills. MSU is
    expanding this program to engage all entering
    freshman
  • Capstone Courses All graduating seniors
    complete a summative capstone course for their
    major
  • Undergraduate Research Experiences More than
    300 students a year participate in cutting edge
    research opportunities
  • Library Renovation After a three year
    renovation, the MSU-Bozeman Renne Library won the
    Montana Library of the Year award
  • Web-Based Learning/Teaching Tools MSU serves
    hundreds of on-line students yearly and is
    further enhancing the technical skills of faculty
    in on-line course development and delivery
  • Core Curriculum MSU has committed to a
    significant re-structuring of its general
    education core curriculum to improve students
    educational experience

Page 8
11
Research Trends
  • Strong trend in growth of grant and contract
    activity
  • Outstanding Research Program
  • Top scientists doing cutting-edge research in
    many areas of science and agriculture
  • Continuing State support for research at MSU

Page 9
12
Research Funding by Sources
  • The Federal Funding that MSU receives comes from
    a large and diverse pool of Federal Agencies

Page 10
13
Key Awards and Indirect Cost Revenues
  • In five years Indirect Cost Revenues have
    increased by 51
  • There are six different agencies represented
    within the ten largest multi-year awards

Page 11
14
MSU has seen a steady increase in the number of
enrolled students over the past 10 years
MSU Enrollment Profile
Headcount for All Four MSU Campuses Combined
25,000
20,000
15,000
10,000
5,000
0
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
Resident
Nonresident
Page 12
15
MSU Bozeman Enrollment Profile
  • The Bozeman campus has seven colleges that serve
    both undergraduate and graduate students

Page 13
16
MSU- Bozeman Enrollment Trends
  • MSU- Bozeman has seen a steady increase in the
    number of enrolled students over the past ten
    years
  • Fall 2002 new nonresident freshman enrollment was
    8.5 higher than in Fall 1998

Page 14
17
Student Profile
MSU excellence is reflected in the outstanding
student body
  • Ranked as eighth in the country for universities
    with the most students who have received the
    prestigious Goldwater Scholarship, given for
    excellence in math and science
  • College of Engineering students have a 95 pass
    rate on the Fundamentals of Engineering exam,
    compared to 83 nationally
  • College of Business is among 10 of programs
    nationwide that are fully AACSB accredited
  • Accounting students place among the top 10
    schools in the nation for passing all parts of
    the CPA exam in one sitting
  • College of Nursing boasts a 94 pass rate on the
    national licensing exam, compared to 80
    nationally

Page 15
18
Admissions and Student Quality
  • The fall to spring semester freshman retention
    rate at MSU- Bozeman averages 89 over the past
    10 years and has stayed consistent throughout
  • Consistency in the number of transfer student
    applicants and enrollments over the last five
    years

Page 16
19
MSU- Bozeman 2002 Student Demographics
Fall 2002 Enrollment Highlights 11,934 students
enrolled 10,396 (87.1) undergraduate
students 1,538 (12.9) graduate
post-baccalaureate students 2,648 non-traditional
(25 and older) students
Fall 2002 New Freshman Averages ACT Composite
23.1 SAT Combined 1098 High School GPA -
3.29 High School Rank 65th percentile
  • The national average for the ACT and SAT is 20.8
    and 1020 respectively

Page 17
20
MSU- Bozeman Student Services
  • Exemplary student services programs
  • Orientation, retention, and mentoring programs
  • Recent 1.5 million bookstore renovation of the
    entire physical setting to modernize the
    operation
  • Residence life/family housing programs
  • Career Placement

Page 18
21
Financial Aid Profile
  • Returned to the Federal Family Education Loan
    Program (FFELP) for the 2003-2004 academic year
    as a strategic initiative to contribute 29
    million of loan activity to the Montana lending
    industry.
  • Initiated electronic promissory notes for the
    2002-2003 academic year to provide ease of
    processing to students.
  • Initiated web enabled electronic award
    notification process for the 2003-2004 award
    year. Montana State University is the only
    school within the Montana University System to
    have this functionality.

Page 19
22
State Economy Support for Higher Education
  • The 2003 Montana Legislature struggled with a
    sagging national economy, a fourth year of
    drought and decreased income and capital gains
    tax revenues
  • Montana State University funded at 25 million
    below present law need for fiscal year
    2004/2005 Biennium
  • The Board of Regents approved modest cuts and a
    12 increase in tuition for each year of the
    biennium to remove the gap created by the
    shortage of state funds

Page 20
23
Revenue Trends
State Funding as of Total Revenues
35
30
25
20
15
10
5
0
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
  • Over the past decade, state funding for MSUs
    educational units has decreased from 37 to 18
    of total revenues
  • Result has been less dependency of State
    appropriations and a broader diversification of
    support for the MSU system

Page 21
24
MSU and Other Regional Universities
These rates are for full-time resident,
undergraduate students. Nonresidents and
graduate students usually pay higher rates
  • Montanas appropriated level of state funding per
    student is just 48 of the Western states average
  • However, MSU is still able to provide a
    competitive tuition rate to students due to the
    efficiency and budgeting of the University
  • MSUs unparalleled effectiveness results in a
    rate of total expenditures per student that is
    only 64 of the regional average

Page 22
25
State Funding and Tuition
  • Tuition income now accounts for significantly
    more of MSUs total revenue
  • MSU Bozemans tuition and fees are still
    comparable to other institutions
  • Out of state tuition compares favorably to other
    institutions in the West
  • Out-of-state applications 300 ahead of last year
  • Aggressive out-of-state marketing effort

Page 23
26
MSU Revenues by Source, Fiscal Year 2002
  • MSU has become less dependent on state
    appropriations over last decade
  • System revenue by source is highly diversified

Page 24
27
MSUs Expenses by Source, Fiscal Year 2002
  • A significant portion of expenses relate to
    employee compensation and benefits (120.4
    million, or 58), primarily in the instruction,
    research, auxiliary and academic support areas.
  • Although currently a small percentage of total
    expenses, utility costs are more volatile than
    other expense components.

Page 25
28
Other Financial Initiatives
  • Scholarship and Stipend Reserves
  • The Board of Regents created a new policy
    allowing campuses to transfer fiscal year general
    operation savings into reserve accounts for
    future use as student scholarships and stipends
  • IT Infrastructure Fee
  • A permanent student fee for all MSU campuses is
    solely dedicated to the maintenance and
    enhancement of IT infrastructure
  • Debt Planning and Management Committee
  • MSUs Financial Advisor worked with a campus
    committee to develop a Debt Planning and
    Management Model which enables the University to
    record, analyze, project and model current and
    potential debt service obligations, major
    maintenance requirements, as well as needed or
    desired new capital projects

Page 26
29
Long Range Planning Priorities
Page 27
30
MSU Foundation Overview
MSU Foundation
  • Independent 501-c-3 dedicated to the support of
    MSU
  • Endowment investment returns have ranked in
    NACUBOs top 25th percentile or above for past
    ten years

Page 28
31
MSU Foundation Overview
  • The Foundation employs thirteen development
    officers and fundraising professionals
  • Works cooperatively with the MSU Alumni
    Association maintaining a database of friends of
    MSU

Page 29
32
MSU Foundation
Putting Students First Scholarship
Campaign …our endowed scholarship campaign is
critical to…enabling us to keep our best and
brightest in Montana. Dr. Geoffrey Gamble,
President
  • The current scholarship campaign is 78 of the
    way towards the 18 million goal
  • Benefactor level contributions are
  • already 162 of the stated goal

Page 30
33
Trends in Pledged Revenues and Coverage
Historical Net Pledged Revenues and Debt Service
Coverage Fiscal Years Ended June 30

Page 31
34
Trends in Pledged Revenues and Coverage
  • Bozemans net student housing system revenues
    have returned to normal level
  • FY 2002 net was down 1.4 million due to a
    multiple year bad debt write off, timing issues
    and major maintenance expenses
  • FY 2003 unaudited estimated net revenues indicate
    a strong bounce back
  • Other Pledged Revenue Facilities (Bozeman
    Billings Parking, Billings Northern Food
    Services minus Billings Northern leases) are
    historically stable and recently growing

Page 32
35
Trends in Pledged Revenues and Coverage (cont.)
  • Pledged Student Fee revenues are fairly constant
    after the added fee pledged for bonds sold in 1998
  • Land Grant Income has grown slightly
  • Investment income declined after Series D 1996
    and Series EF 1998 bond proceeds were expended
    in recent years low interest rates have depressed
    investment earnings

Page 33
36
Trends in Pledged Revenues and Coverage (cont.)
  • Debt Service coverage with and without Billings
    Northern Housing system losses
  • Annual debt service requirements, all campuses

Page 34
37
Resident Hall Occupancy Rates
Resident Hall Occupancy
   
1998
   
1999
   
2000
   
2001
   
2002
Bozeman Campus
Available Capacity
3277
3261
3261
1909
1909
Occupancy
2583
2566
2653
1844
1823
Percent Occupancy
79
79
81
97
95
Billings Campus
Available Capacity
740
784
784
784
784
Occupancy
467
496
496
470
506
Percent Occupancy
63
63
63
60
65
Northern Campus
Available Capacity
368
368
368
224
224
Occupancy
170
196
183
135
127
Percent Occupancy
46
53
50
60
57
  • In fiscal year 2001, the capacity measurement
    changed from beds available to rooms available.
    This change was done to account for the high
    demand for use of a double room as a single room.
    Students who choose this option pay a surcharge.

Page 35
38
Student Fees
  • Student Building Fees and other student fees on
    the Bozeman Campus, the Billings Campus and the
    Northern Campus are established by the University
    and approved annually by the Board.
  • MSU has seen growth in student fees collected at
    the Bozeman, Billings, and Northern campuses
    during the past 5 years

Page 36
39
Pledged Fund Balances
  • Pledged Fund Balances have shown increases
  • Total Pledged Fund Balances as a percentage of
    Outstanding Debt is strong
  • No new debt is planned prior to FY 2006
  • Fund balances are expected to remain healthy even
    with some additional RR expenditures

1998
1999
2000
2001
2002
Total Pledged Fund Bal
10.896
12.181
14.738
18.208
16.360
Outstanding Bond Debt
104.037
100.767
95.172
93.557
89.567
Percentage
10.5
12.1
15.5
19.5
18.3
Page 37
40
Residence Life
  • Varying Living/Learning Environments
  • Wellness, outdoor pursuits, alcohol free,
    community involvement, and limited visitation
    floors to suit students needs
  • Freshman Interest Groups
  • Groups available through the residence halls
    including Business, Education, Engineering,
    Social Science and Humanities, and Architecture
  • Dining Hall Operations
  • Unlimited daily food on seven and five day meal
    plan options
  • Open 700 am to 700 pm with extended hours to
    accommodate athletes
  • Additionally, students can use Flex funds that
    can be spent in other venues across campus for
    food, laundry, and vending services

Page 38
41
Family Graduate Housing
  • Continued renovation at MSU-Bozeman
  • 92 units have been renovated over the past five
    years
  • MSU stays abreast of the larger community to
    assure that family and graduate housing options
    are desirable and appropriately priced
  • Examples of programs to enhance the community at
    MSU-Bozeman
  • Shakespeare in the Park
  • Harmony on the Horizon
  • Week of Welcome

Page 39
42
Overall Debt Profile - Bozeman
non-callable / technology
100 refundable 11/15/08
100 refundable 11/15/06
non-callable
82 refundable 11/15/03, Except 2007-2011 non
call CABS
  • All MSU campuses have been diligent in
    structuring new debt to maintain level total debt
    service

Page 40
43
Overall Debt Profile - Billings
non-callable / technology
100 refundable 11/15/06
Page 41
44
Overall Debt Profile - Northern
non-callable
100 refundable 11/15/04
Page 42
45
Refunding Savings Summary
  • Total present value savings of 1,766,800
  • Present value saving ratio of 9.91

Page 43
About PowerShow.com