Faculty & Staff Budget Town Hall

November 2, 2016 | Jennifer (J.J.) Wagner Davis, SVP | S. David Wu, Provost

George Mason UniversityVirginia's Largest Public Research University

Ranked #5 in the U.S. in Times Higher Education Best 100 under 50“A rising star with great potential”

No Disparity in Outcomes

Pell Grant Students Outperform

Diverse, Entrepreneurial and Innovative

Affordable, Accessible and High Quality

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MASON ON THE WIRE

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George Mason placed 44th overall in the country for graduating minorities with doctoral, master’s and bachelor's degrees

#14 in Most Innovative Schools

#95 Best Colleges for Veterans

#143 in National Universities

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FY 2017 and FY 2018 Operating and Capital Budget Update

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Increased Demand for Student Services

Rapid Enrollment Growth

Base Budget Cuts

Tuition Strategy

Healthcare & Pension

Compensation and Benefits

Regulatory Landscape: Federal, State, Local

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Impact on Mason (current year FY 2017)Compensation

• Commonwealth will not provide portion of 3% salary adjustment• President and BOV approved Strategic Retention Initiative

Budget Cuts

• Mason lost $6M pay policy and $3M in one-time reductions

Capital• Formulated alternative funding scenarios• Robinson Hall• Utility Infrastructure

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2% or bonus, on average

*State imposed 20% tuition reduction for in-state undergraduate students in FY2000 and rates were held flat through FY2001 and FY2002.** ARRA included in General FundData Source: FY1985-FY2013 Institutional Research Fact Book, FY2014-FY2016 Budget Office

LONG TERM FINANCIAL SHIFT FROM TAXPAYER TO STUDENT

67%

28%33%

72%

0%

10%

20%

30%

40%

50%

60%

70%

80%

George Mason UniversityGeneral Fund vs. Tuition and Other as a Percent of the Educational and General Budget

State Appropriations Tuition & Other67%

33%

1985

57%43%

2000

28%

72%

2017

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**FY 2018**Commonwealth

Revenue Shortfall

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Mason’s Strategy – FY 2018All options have to be on the table……

Diversification of Revenue Streams

Faster Farther Campaign and the Future of Fundraising

Tuition Pricing Strategy

Student Enrollment and Retention

Commonwealth Base Budget Cuts

Capital Infrastructure – Prioritize• Robinson Hall• Utility Infrastructure

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Together...we will find the way to stay

Financial Initiatives Timeline

DEC 2016 JAN 2017 SPRING 20178 Full BOV Meeting16 Governor presents

budget changes

TBD Legislative session23 Classes resume

Mason Financial Plan for FY 2018March 2 BOV Meeting

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University Initiatives Update

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Diversity & Inclusion

Hiring Procedures and Practices• Search committee training• Waiver process for targeted faculty hires

Deepening Campus Dialogue• Cultural competency training• Campus Climate assessment

Student Access & Support Services• Access / NVCC Partnership• Virginia degree completion plan

Research and

Discovery

Global Engagement

Entrepre-neurship

Social Impact and Innovation

Mason Impact

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Online Partnership

Partnership with InovaHealth System

Institute for Biomedical Innovation

Cybersecurity/Information Technology

Research & Innovation

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Where: “Pilot House” When: Opens January 30th, 2017 Cost: $25/semester PLUS Entry Fee - Two Options:

$10: assorted breads, salad bar, soup of the day, desserts, beverages$14: plus salmon & grilled chicken at salad bar, daily hot entrée and carvery

Link To Sign Up: http://shopmason.gmu.edu/mason-club/

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…is an Amazing University –transforming students’ lives everyday

…has Faced Headwinds before –together we will meet the challenge

…fosters Open Communication/Collaboration –in pursuit of excellence in education

GEORGE MASON…

Mark Your Calendars!

Outstanding Achievement Awards: November 3, 10:00 am, Dewberry Hall

Opening Night Tip-Off: November 12, 7:00 pm, EagleBank Arena

Thanksgiving Observance: Wednesday, November 23 – Friday, November 25

Winter Graduation: Wednesday, December 21, EagleBank Arena

Winter Holiday Closing: Thursday, December 22 – Wednesday, January 4

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