financial’condi+on’of’’ oregonstateuniversity’’ february’2016 · 2018-10-21 ·...

Financial Condi+on of Oregon State University

February 2016

Howard Bunsis PhD, MBA, J.D., B.S., CPA Professor of Accoun+ng

Eastern Michigan University Chair, AAUP Collec+ve Bargaining Congress

1

2

The State of Oregon and the State Appropria+on to OSU

Ra+o Analysis and Bond Ra+ngs of OSU

Priori+es of OSU: Instruc+on vs. Administra+on

Other Metrics: Class Size and Degrees Conferred

Up and up: The future looks VERY good

Solid all around

Too much administra+on, not enough on instruc+on

Class sizes are increasing, more degrees are earned

2015 OSU Revenue Distribu+on Total Revenue = $1.1 Billion Source: OSU Audited Financial Statements

3

27%$

19%$

17%$

14%$

11%$

7%$5%$

Tui,on$and$Fees$

Grants$and$Contracts$

State$Appropria,on$

Auxilaries$

Non?op$revenues$

Capital$grants$and$giBs$

All$Other$Revenues$

4

The State of Oregon and the State Appropria+on

To OSU

State of Oregon All Taxes Forecast, in Billions Source: Oregon Office of Economic Analysis, 2/10/2016

5

0"

5"

10"

15"

20"

25"

2013'15"

2015'17"

2017'19"

2019'21"

2021'23"

All"Other"

Corporate"Taxes"

Personal"Income"Taxes"

State of Oregon Personal Income Tax Revenues Source: Oregon Office of Economic Analysis, 2/10/2016

6

11.0$10.1$ 10.5$

12.1$

14.0$

15.7$17.4$

19.2$

21.4$

0.0$$2.0$$4.0$$6.0$$8.0$$

10.0$$12.0$$14.0$$16.0$$18.0$$20.0$$22.0$$

2005,07$

2007,09$

2009,11$

2011,13$

2013,15$

2015,17$

2017,19$

2019,21$

2021,23$

Percent Changes in Taxes Source: Oregon Office of Economic Analysis, 2/10/2016

7

!9%$

4%$

16%$ 15%$13%$ 11%$ 11%$ 11%$

!10%$

!5%$

0%$

5%$

10%$

15%$

20%$

2007$to$

2009$

2009$to$

2011$

2011$to$

2013$

2013$to$

2015$

2015$to$

2017$

2017$to$

2019$

2019$to$

2021$

2021$to$

2023$

Oregon and US Unemployment Rates Source: Bureau of Labor Sta+s+cs

8

0.0%$

1.0%$

2.0%$

3.0%$

4.0%$

5.0%$

6.0%$

7.0%$

8.0%$

9.0%$

10.0%$

11.0%$

12.0%$

13.0%$

2001$2002$2003$2004$2005$2006$2007$2008$2009$2010$2011$2012$2013$2014$2015$

Oregon$

US$

Oregon Unemployment Rate vs. Con+guous States Source: Bureau of Labor Sta+s+cs

9

0%#

2%#

4%#

6%#

8%#

10%#

12%#

14%#

16%#

2008# 2009# 2010# 2011# 2012# 2013# 2014# 2015#

Nevada#

California#

Oregon#

Washington#

Idaho#

Opera+ons and Debt Appropria+on for All 4-‐Year Ins+tu+ons (per Biennium)

Source: HECC 2015 LEGISLATIVE SUMMARY November 2015

10

0"

100"

200"

300"

400"

500"

600"

700"

800"

900"

2005,07" 2007,09" 2009,11" 2011,13" 2013,15" 2015,17"

Percentage Changes in Appropria+on vs. Percentage Changes in Taxes

11

!25%%!20%%!15%%!10%%!5%%0%%5%%

10%%15%%20%%25%%30%%

2007%to%2009%

2009%to%2011%

2011%to%2013%

2013%to%2015%

2015%to%2017%

Personal%Income%taxes%

Higher%Ed%Appropria@on%

Total State Appropria+on to OSU, In Millions Sources: Audited financial statements

12

164.8&&

187.7&&171.5&& 171.6&& 167.3&&

143.0&&150.5&&

161.6&&175.2&&

0&&20&&40&&60&&80&&100&&120&&140&&160&&180&&200&&

2007& 2008& 2009& 2010& 2011& 2012& 2013& 2014& 2015&

Breakdown of State Appropria+on, 2013 to 2015 Source: Audited Financial Statements

13

In#Millions 2013 2014 2015General#Fund#Education#and#General 9 90.1 99.9General#Fund#Statewide#Public#Service 9 49.6 51.7General#Fund 130.2 139.7 151.6Lottery#Funding 0.9 0.5 0.5Harvest#Tax 3.1 3.9 3.7Total#STATE 134.2 144.1 155.8Federal#Approrpriation 9.0 9.3 10.9County#Appropriation 7.3 8.2 8.5Grand#Total#Appropriation 150.5 161.6 175.2

2013 to 2015 Appropria+on Graphically

14

0""20""40""60""80""

100""120""140""160""180""200""

2013" 2014" 2015"

County"

Feds"

Lo5ery/Harvest"

General"Fund"

State Appropria+on, Educa+on and General Only, Corvallis Only per HECC (Higher Educa+on Coordina+ng Commission)

and OSU Budget

15

0"

20"

40"

60"

80"

100"

120"

140"

2007"2008"2009"2010"2011"2012"2013"2014"2015"2016"2017"

Annual % Change in E&G Appropria+on to OSU

16

!15%%

!10%%

!5%%

0%%

5%%

10%%

15%%

2007%to%08%

2008%to%09%

2009%to%10%

2010%to%11%

2011%to%12%

2012%to%13%

2013%to%14%

2014%to%15%

2015%to%16%

2016%to%17%

OSU E&G State Opera+on per Student, Corvallis Source: OSU Office of Ins+tu+onal Research

17

E&G$Corvalis$Only 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E&G 87.8 101.9 96.3 94.5 96.4 73.4 78.1 86.2 95.8 107.1Students 19,362 19,753 20,320 21,969 23,761 24,977 26,393 27,925 28,886 29,576Appropriation$per$Student 4,535 5,159 4,739 4,302 4,057 2,939 2,959 3,087 3,316 3,621

0""

1,000""

2,000""

3,000""

4,000""

5,000""

6,000""

2007" 2008" 2009" 2010" 2011" 2012" 2013" 2014" 2015" 2016"

RAM (Resource Alloca+on Model) to SSCM (Student Success and Comple+on Model) •  Mission Differen+a+on Funding suppor'ng the regional, research and public service mission of each university

•  Ac+vity-‐Based Funding which invests in credit hour enrollment of Oregon resident students

•  Comple+on Funding which focuses investment in degree and cer'ficate comple'on of Oregon resident students with par'cular emphasis on underrepresented student popula'ons and priority degree areas

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19

25

2016 SSCM FUNDING

$18.9M $23.5M

$100.7M

$78.0M

$20.1M

$62.5M

$22.3M

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

EOU OIT OSU PSU SOU UO WOU

TRU Shared ServicesHB 5101 ContinuationDegree CompletionsCredit Hour CompletionsMission Differentiation

Change in Appropria+on from 2015 to 2016 Source: Higher Educa+on Coordina+ng Commission (HECC)

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0%#

5%#

10%#

15%#

20%#

25%#

30%#

35%#

WOU# PSU# SOU# UO# OIT# EOU# OSU#

State of Oregon Higher Educa+on: Levels 2016 Appropria+on per Capita vs. Other States

Source: State Higher Educa+on Execu+ve Officers, January 29, 2016

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0"

100"

200"

300"

400"

500"

600"

700"

800"

Wyoming"

North"Dakota"

Alaska"

New

"Mexico"

Haw

aii"

Neb

raska"

Illinois"

North"Carolina"

Mississippi"

California"

Conn

ecGcut"

Arkan

sas"

Utah"

Alaba

ma"

Marylan

d"Geo

rgia"

New

"York"

Minne

sota"

Kansas"

Iowa"

Texas"

Indian

a"Ke

ntucky"

West"Virginia"

Oklah

oma"

South"Dakota"

Wisconsin"

Louisian

a"Idah

o"Tenn

essee"

Washington"

Delaw

are"

Mon

tana

"New

"Jersey"

Virginia"

MassachuseT

s"Florida"

Maine

"South"Ca

rolin

a"Oregon"

Ohio"

Nevad

a"Michigan"

Missouri"

Rho

de"Island

"Co

lorado

"Vermon

t"Pe

nnsylvan

ia"

Arizona

"New

"Ham

pshire"

2015 2016Oregon, $169 $193US,Average $257 $244Oregon,Rank 44 40Oregon,%,below,Average =34% =21%

Educa+onal Ahainment: % of Adults with a Bachelor’s Degree or Higher (40%?)

Source: Census Bureau

22

0%#

5%#

10%#

15%#

20%#

25%#

30%#

35%#

40%#

Mass#(High)#

Washington#

California#

Oregon#

US#Average#

Idaho#

Nevada#

WVA#(low)#

23

3 CONTEXT: 40-40-20

35%

20%

18%

24%

Source: HECC analysis of the American Community Survey, ECONW

24

Financial Situa+on of OSU: Key Ra+os and Bond Ra+ng

OSU Balance Sheet Source: OSU and OUS Audited Financial Statements, Amounts in Thousands

25

0"

200,000"

400,000"

600,000"

800,000"

1,000,000"

1,200,000"

1,400,000"

1,600,000"

2007"

2008"

2009"

2010"

2011"

2012"

2013"

2014"

2015"

Total"Assets"

Total"Liabili8es"

Total"Net"Assets"

Debt decline in 2015 due to the state picking up its appropriate share of debt

How much of the $738 Million of Net Assets are true reserves?

OSU Break-‐down of Assets, in Millions (Does Not Include OSU Founda+on)

Source: OSU and OUS Audited Financial Statements

26

0"

200"

400"

600"

800"

1,000"

1,200"

1,400"

1,600"

2007" 2015"

All"Other"Assets"

Capital"Assets"

Cash"and"Investments"

Future Construc+on Commitments Source: OSU 2014 Audited Financial Statements

27

2014 | Annual Financial Report | 39

Notes to the Financial StatementsFor the Years Ended June 30, 2014 and 2013

an earthquake. Th e casualty program covers general tort claims as well as director’s and offi cers, errors and omissions, and em-ployment liability. Limits of liability for this program total $50 million and for general liability and educator’s legal liability this is an excess of over $1 million in the self-insured program.

OSU is charged an assessment to cover the OUS Risk Manage-ment Fund’s cost of servicing claims and payments based on the OUS Risk Allocation Model and actuarial estimates of the amounts needed to pay prior and current-year claims.

17. COMMITMENTS AND CONTINGENT LIABILITIESOutstanding commitments on partially completed and planned but not initiated construction projects authorized by the Oregon State Legislature totaled approximately $196,422,610 at June 30, 2014. Th ese commitments will be primarily funded from gifts and grants, bond proceeds, and other OSU funds. Refer to the table accompanying this note for projects relating to construction commitments as of June 30, 2014.

OSU is contingently liable in connection with certain other claims and contracts, including those currently in litigation, arising in the normal course of its activities. Management is of the opinion that the outcome of such matters will not have a material effect on the fi nancial statements.

OSU participates in certain federal grant programs. Th ese programs are subject to fi nancial and compliance audits by the grantor or its representative. Such audits could lead to requests for reimbursement to the grantor for expenditures disallowed under terms of the grant. Management believes that disallowances, if any, will not have a material effect on the fi nancial statements.

Unemployment compensation claims are administered by the Oregon Employment Division pursuant to ORS 657. OSU reimburses the Oregon Employment Division on a quarterly basis for actual benefi ts paid. Each year resources are bud-geted to pay current charges. Th e amount of future benefi t payments to claimants and the resulting liability to OSU can-not be reasonably determined at June 30, 2014.

CONSTRUCTION COMMITMENTS AS OF JUNE 30, 2014

18. SUBSEQUENT EVENTSBONDED INDEBTEDNESSOn July 29, 2014, the State issued on behalf of the OUS $13,361,369 in Lottery bonds with an average interest rate of 5.0 percent to refund $14,250,000 in Lottery bonds with an average interest rate of 5.0 percent. Th e net proceeds of the bonds were $15,830,517 (after payment of $65,040 in under-writing costs and bond premium of $2,534,188).

OSU’s share of the refunding was $5,262,028 in new bonds to refund $5,611,992 in previously issued debt. Th e refund-ing resulted in a difference between the reacquisition price and the net carrying value of the old debt of $409,919. Th e refunding was undertaken to reduce total debt service pay-ments (principal and interest) over the next 12 years by $623,061 and resulted in an economic gain of $517,299.

OREGON UNIVERSITY SYSTEM STRUCTURE CHANGESEffective July 1, 2014, OSU is an independent legal entity gov-erned by the Board of Trustees of Oregon State University. See Note 1 for additional information about this change in le-gal status.

RISK MANAGEMENT STRUCTURE CHANGESEffective as of July 1, 2014, the OUS Risk Fund (see Note 16) was transferred to the Public University Risk Management and Insurance Trust (Trust). Th e Trust is a separate legal en-tity which operates for the benefi t of the participating uni-versities. Under provisions of SB 270, OSU is required to participate in the Trust until June 30, 2015. At that time, membership in the Trust becomes optional. All assets and liabilities of the previously established the OUS Risk Fund are transferred to the Trust on the effective date.

(in thousands) Total Completed OutstandingCommitment to Date Commitment

AES Animal Research 2,240$ 100$ 2,140$ Austin Hall (School of Business) 50,400 39,445 10,955 Beth Ray Academic Ctr (Student Success Ctr) 13,324 6,381 6,943 Capital Repair 26,447 21,285 5,162 Cultural Centers 4,015 621 3,394 Goss Stadium Locker Room 2,820 195 2,625 Johnson Hall (Engineering Building) 40,000 1,522 38,478 Learning Innovation Ctr (Classroom Bldg) 65,000 21,719 43,281 MU Renovation 9,578 7,583 1,995 OSU Cascade Campus 33,880 2,169 31,711 Space Improvement Program 3,000 848 2,152 Strand Agriculture Hall 6,851 2,101 4,750 Student Experience Center 42,800 20,198 22,602 Student Resource Center 4,400 31 4,369 Tebeau Hall (Student Residence Hall) 27,000 20,653 6,347 UHDS Renovations 4,650 677 3,973 Projects with <$500 thousand remaining to be spent 97,201 95,232 1,969 Project Budgets <$1 million 6,068 2,491 3,577

439,674$ 243,251$ 196,423$

OSU Founda+on – Investment Assets Sources: OUS and OSU Audited Financial Statements

28

0.0##

100.0##

200.0##

300.0##

400.0##

500.0##

600.0##

2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# 2015#

Investments#in#Millions#

OSU Founda+on – Money Raised, Invested, and Spent Source: 2014 and 2015 OSU Audited Financial Statements

29

2013 2014 2015Unresricted0Net0Assets0Balance,0Start 532.7 579.8 653.6Grants,0Bequeths,0Gifts 59.9 73.4 87.9Interest0and0Dividends 15.1 14.7 14.7Investment0Income0(Loss) 27.6 62.2 J14.60All0other0Revenues 20.1 36.8 38.3University0Support J55.00 J69.40 J90.20Management0Expenses J19.70 J19.60 J21.30Investment0Expenses 0.0 J10.00 J9.00Unresricted0Net0Assets0Balance,0End 579.8 653.6 643.4

OSU Reserves, in Thousands Source: OSU and OUS Audited Financial Statements

30

Net$Asset$Analysis:$In$$000 2014 2015Invested$in$Capital$Assets 312,017 558,316Restricted$NonAExpendable 4,377 4,827Restricted$Expendable 114,790 105,421Unrestricted 40,508 69,167Total$Net$Assets 471,692 737,731

2014 2015Unrestricted 40,508 69,167Restricted$Expendable 114,790 105,421Total$Reserves 155,298 174,588

Restricted)Expendable: 2014 2015Gifts,)Grants,)Contracts 43,125 43,859Student)Loans 34,666 34,744Capital)Projects 24,121 23,020Debt)Service 12,878 3,798TOTAL 114,790 105,421

Are These Reserves Large? Primary Reserve and Viability Ra+os

31

2014 2015Total+Reserves 155,298 174,588Total+Expenses 936,878 938,778Primary+Reserve+Ratio 17% 19% Average

Primary+Reserve+Ratio+with+OSU+Foundation+Added+In:Total+Reserves 455,411 443,826Total+Expenses 1,035,906 1,059,231Primary+Reserve+Ratio 44% 42% Solid

2014 2015Total+Reserves 155,298 174,588Debt 634,309 452,559Viability+Ratio 24% 39% Low

Viability+Reserve+Ratio+with+OSU+Foundation+Added+In:Total+Reserves 455,411 443,826Debt 634,309 452,559Viability+Ratio 72% 98% Solid

2 More Ra+os: Revenues vs. Expenses and Cash Flows

32

2014 2015

Total+Revenues 927,274 1,054,704

Total+Expenses 936,878 938,778

Change+in+Net+Assets A9,604+ 115,926

Net+Income+Ratio+(Change+in+

Net+Assets+/+Total+Revenues) A1.0% 11.0%

2014 2015

Cash+from+Operations A227,069+ A230,799+

Cash+from+NonAcapital+

financing+(State+and+Feds) 239,631 292,642

Total+Operational+Cash+Flows 12,562 61,843

Total+Revenues 927,274 1,054,704

Cash+Flow+Ratio+(Operational+

Cash+flows+/+total+revenues) 1.4% 5.9%

Revenues vs. Expenses and Cash Flows Sources: OSU Financial Statements, in Thousands

33

!20,000%%

0%%

20,000%%

40,000%%

60,000%%

80,000%%

100,000%%

120,000%%

140,000%%

2014% 2015%

Change%in%Net%Assets%

Opera9onal%Cash%Flows%

OSU Ra+o Summary Source: OSU Audited Financial Statements

34

2014 2015 DefinitionViability2Ratio 72% 98% Reserves2/2DebtPrimary2Reserve2Ratio 44% 42% Reserves2/2ExpensesCash2Flow2Ratio 1.4% 5.9% Cash2flows2/2RevenuesNet2Asset2Ratio I1.0% 11.0% Profit2/2Revenues

Ratio2Scores2(02is2low;252is2highest)Viability2Score 2.79 3.45Primary2Reserve2Score 4.26 4.18Cash2Flow2Score 2.68 4.93Net2Asset2Score 1.29 5.00

FichtenbaumIBunsis2Composite2Score 3.24 4.27Perfect2Score 5.00 5.00Trouble 1.50 1.50

Result of Solid Reserves and Solid Cash Flows: Solid Bond Ra+ng in April 2015

35

Moody’s 2015 Bond Ra+ng for OSU: Aa3 4th highest out of 24 ra+ngs Obliga+ons rated Aa are judged to be of high quality and are subject to very low credit risk.

OSU Financial Health in the words of President Ray

36

President Ray from the 2014 OSU audited financial statements: “I am pleased to report again this year that the financial picture of Oregon State University is very strong thanks to the collec<ve efforts of many.”

President Ray from the 2015 OSU audited financial statements: “I am pleased to report again this year that the financial picture of Oregon State University is very strong thanks to the collec<ve efforts of many.”

Moody’s Bond Ra+ngs in Higher Educa+on Public Sector, July 2015

37

0"

10"

20"

30"

40"

50"

60"

70"

80"

Aaa"

Aa1"

Aa2"

Aa3" A1

"A2"

A3"Baa1"Baa2"Baa3"Ba1"

Ba2"Caa3"

UO: Aa2 OSU: Aa3 PSU: A1 State of Oregon: Aa1

Moody’s OSU April 2015 hhps://www.moodys.com/research/Moodys-‐assigns-‐ini+al-‐Aa3-‐to-‐Oregon-‐State-‐Universitys-‐523M-‐of-‐-‐PR_322483

•  Moody's assigns ini+al Aa3 to Oregon State University's $52.3M of General Revenue Bonds Series 2015A&B; outlook stable

•  SUMMARY RATING RATIONALE –  Oregon State University's essen+al role in the State of Oregon (Aa1, stable),

educa+ng a large share of resident undergraduate students. The ra+ng also reflects the university's growing enrollment and net tui+on revenue, ongoing state capital funding, and a moderate-‐sized research profile reflec+ng its status as a land, sea, space, and sun grant university.

–  Challenges: recent deficit opera+ons and thin cash flow as the university absorbed deep cuts to state opera+ng appropria+ons and spend down of reserves in response to the need to fund key strategic ini+a+ves (e.g., faculty hiring) related to significant enrollment growth, and the poli+cal environment, all while keeping pace with enrollment-‐driven expansion.

•  OUTLOOK –  The stable outlook reflects our expecta+on for modestly improved

opera+ons combined with con+nued growth of net tui+on revenue and financial resources to support future capital plans.

38

39

OSU Revenue Analysis: Where is the Money

Coming From?

OSU Total Revenues Over Time Source: Audited Financial Statements (OUS and OSU)

40

0"

200,000"

400,000"

600,000"

800,000"

1,000,000"

1,200,000"

2007" 2008" 2009" 2010" 2011" 2012" 2013" 2014" 2015"

Total"Revenues"in"Thousands"

OSU Main Revenues Over Time Source: Audited Financial Statements (OUS and OSU); In Thousands

41

0"

50,000"

100,000"

150,000"

200,000"

250,000"

300,000"

350,000"

2007"2008"2009"2010"2011"2012"2013"2014"2015"

Tui/on"and"Fees"

Grants"and"Contracts"

State"Appropria/on"

Auxilaries"

Source of External Awards Source: hhp://research.oregonstate.edu/awards

42

In#Millions 2011 2013 2015 2011 2013 2015NSF 49.4 43.9 61.8 Pvt#Foundation 5.9 4.5 7.5Dept#of#Agriculture 36.1 31.5 42.1 State#of#Oregon 5.0 6.5 7.4HHS 28.8 13.6 18.9 Industry 5.4 7.1 7.2Dept#of#Energy 12.3 16.2 13.0 OSU#Foundation 3.4 4.5 6.6Dept#of#Defense 17.2 15.1 9.6 Nonprofits 2.9 3.6 2.4NASA 5.6 5.5 7.7 Local#Gov 0.1 1.0 2.2Dept#of#Interior 6.3 5.1 7.3 Foreign#Gov 1.2 0.9 0.4NOAA 0.0 8.7 6.8 Other 0.4 0.4 0.4Dept#of#Education 3.0 2.5 4.8 Total#Non#Fed 24.3 28.4 34.1USA#ID 4.2 4.3 4.5Dept#of#Transportation 4.6 2.4 3.0EPA 2.3 3.8 2.6Dept#of#Commerce 11.4 0.0 1.8Other#Federal#Agencies 2.5 1.3 1.2

Total#Federal#Agencies 183.7 153.8 185.2 Grand#Total 208.0 182.2 219.3

Largest Federal Grant Sources Graphically

43

0""

10""

20""

30""

40""

50""

60""

70""

2011" 2013" 2015"

NSF$

Dept$of$Agriculture$

HHS$

Dept$of$Energy$

Dept$of$Defense$

Headcount Enrollment, Fall Term Source: OSU Office of Ins+tu+onal Research

44

0""

5,000""

10,000""

15,000""

20,000""

25,000""

30,000""

35,000""

2008" 2009" 2010" 2011" 2012" 2013" 2014" 2015" 2016"

OSU Enrollment Detail hhp://oregonstate.edu/admin/aa/ir/enrollmentdemographic-‐reports#enroll-‐sum

45

Corvallis 2008 2009 2010 2011 2012 2013 2014 2015 2016

#3Changes320083to32016

%3Changes320083to32016

Undergrad 16,228 16,673 18,067 19,559 20,621 21,812 23,161 23,903 24,612 8,384 52%

Grad 3,525 3,647 3,902 4,202 4,356 4,581 4,764 4,983 4,964 1,439 41%

Total3Corvalis 19,753 20,320 21,969 23,761 24,977 26,393 27,925 28,886 29,576 9,823 50%

Cascades: 2008 2009 2010 2011 2012 2013 2014 2015 2016

Undergrad 417 432 488 574 640 662 784 812 857 440 106%

Grad 80 78 123 104 124 139 152 168 169 89 111%

Total3Cascades 497 510 611 678 764 801 936 980 1,026 529 106%

Grand3Total 20,250 20,830 22,580 24,439 25,741 27,194 28,861 29,866 30,602 10,352 51%

Residency of OSU -‐ Corvallis Students Source: OSU Office of Ins+tu+onal Research

46

0%#

10%#

20%#

30%#

40%#

50%#

60%#

70%#

80%#

90%#

Oregon# Out#of#State#8#US# Interna;onal#

2008#

2009#

2010#

2011#

2012#

2013#

2014#

2015#

2016#

Undergraduate In-‐State Tui+on and Fees Source: OSU Bond Report and IPEDS (Integrated Postsecondary Educa+on Data

System of the US Dept. of Educa+on)

47

$0#

$2,000#

$4,000#

$6,000#

$8,000#

$10,000#

$12,000#

2007#2008#2009#2010#2011#2012#2013#2014#2015#2016#

79% increase from 2007 to 2016

Detail on Tui+on Changes

48

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

UG-Resident $5,643 $5,911 $6,187 $6,727 $7,115 $7,600 $8,139 $8,322 $9,122 $10,107

UG-Non9Resident $17,559 $18,187 $18,823 $19,651 $20,435 $21,316 $22,323 $23,514 $26,294 $28,647

Ratio 3.11 3.08 3.04 2.92 2.87 2.80 2.74 2.83 2.88 2.83

UG-Resident2007-to-2008

2008-to-2009

2009-to-2010

2010-to-2011

2011-to-2012

2012-to-2013

2013-to-2014

2014-to-2015

2015-to-2016

2007-to-2016

$-Changes $268 $276 $540 $388 $485 $539 $183 $800 $985 $4,464

%-Changes 4.7% 4.7% 8.7% 5.8% 6.8% 7.1% 2.2% 9.6% 10.8% 79%

UG-Non9Resident2007-to-2008

2008-to-2009

2009-to-2010

2010-to-2011

2011-to-2012

2012-to-2013

2013-to-2014

2014-to-2015

2015-to-2016

2007-to-2016

$-Changes $628 $636 $828 $784 $881 $1,007 $1,191 $2,780 $2,353 $11,088

%-Changes 3.6% 3.5% 4.4% 4.0% 4.3% 4.7% 5.3% 11.8% 8.9% 63%

Tui+on Discoun+ng Sources: Audited Financial Statements

49

In#Millions 2013 2014 2015

Gross#Tuition#Revenue 290.1 324.8 350.3

Discount 61.6 60.8 62.6

Net#Tuition#Revenue 228.4 264.0 287.7

Discount#Rate 21.2% 18.7% 17.9%

As tui+on has increased significantly, discoun+ng of tui+on has decreased

OSU 2015-‐16 Tui+on vs. Peers -‐ Levels Source: US News and World Report

50

$0#

$2,000#

$4,000#

$6,000#

$8,000#

$10,000#

$12,000#

$14,000#

$16,000#

UC#Davis# Michigan#State#

Arizona# Colorado#State#

OSU# Purdue# NC#State# Iowa#State#

In#State Out*of*StatePeer*Average $10,756 $29,556OSU*vs.*Peer*Average #$649 #$909OSU*%*below*average #6% #3%OSU*Rank*(of*8) 5 5

OSU 2015-‐16 Tui+on Level vs. Oregon Peers Source: US News and World Report

51

$10,107&$9,918&

$8,796& $8,684&$8,063& $7,701& $7,440&

$0&

$2,000&

$4,000&

$6,000&

$8,000&

$10,000&

$12,000&

OSU& UO& WOU& OIT& PSU& SOU& EOU&

% Change in Tui+on and Fees, 2011 to 2016 Source: IPEDS and US News and World Report

52

52%$

42%$

32%$ 31%$

22%$17%$

11%$ 10%$

0%$

10%$

20%$

30%$

40%$

50%$

60%$

Col$State$

OSU$ Arizona$ NC$State$

Mich$State$

UC$Davis$

Iowa$State$

Purdue$

Percentage Changes in Enrollment, Tui+on Price, and Tui+on Revenue

53

0%#2%#4%#6%#8%#10%#12%#14%#16%#18%#20%#

2007#to#

2008#

2008#to#

2009#

2009#to#

2010#

2010#to#

2011#

2011#to#

2012#

2012#to#

2013#

2013#to#

2014#

2014#to#

2015#

2015#to#

2016#

Tui2on#Revenue#

Tui2on#Price#

Enrollment#

How much will tui+on revenue increase in 2016? Likely 10% or close to $30 Million

54

OSU Expense Analysis: Is the Administra+on Being True to the Core Academic Mission?

OSU 2015 Expense Distribu+on Total Expenses = $938 Million

Source: OSU Audited Financial Statements

55

26%$

19%$

16%$

9%$

7%$

6%$

6%$

3%$3%$

3%$ 2%$ Instruc0on$

Research$

Auxiliaries$

Public$Service$

Ins0tu0onal$Support$

Academic$Support$

Other$

Plant$

Student$Aid$

Student$Services$

Interest$

Expense Category Defini+ons

56

Instruction Salaries.of.those.who.teach;.academic.admins.are.out

Academic.Support Deans.and.Libraries;.Advising

Auxiliaries Housing,.dining,.bookstore,.parking,.athletics

Institutional.Support Upper.level.administration

Scholarships/Student.Aid Direct.aid.to.students

Plant Buildings.and.grounds

Student.Services Admissions;.student.orgs

Research Includes.external.grants.and.internal.spending

Depreciation Estimated.decline.in.value.of.buildings

Public.Service Conferences.and.institutes

OSU Expense Distribu+on Over Time Source: OUS and OSU Audited Financial Statements

57

Expense'Analysis: 2007 2008 2009 2010 2011 2012 2013 2014 2015

Instruction 145,570 150,700 160,264 154,394 171,954 193,636 218,010 243,734 239,732

Research 164,436 164,531 181,485 156,928 167,352 173,714 179,196 179,745 181,241

Auxiliaries 92,758 96,929 103,150 104,385 109,535 119,439 129,770 144,018 150,209

Public'Service 51,248 53,322 57,696 77,866 80,207 81,878 75,395 77,820 81,836

Institutional'Support 35,434 37,612 42,009 40,470 50,115 52,258 56,572 61,523 65,210

Academic'Support 35,079 37,106 41,706 40,297 46,846 53,066 56,501 61,925 60,532

Other 34,626 34,295 33,454 33,996 35,527 47,032 46,559 54,938 56,264

Plant 21,489 24,099 25,279 23,802 26,846 30,463 30,653 30,805 30,411

Student'Aid 14,789 17,083 18,884 23,526 25,484 26,257 28,326 30,547 28,536

Student'Services 16,659 18,198 20,781 20,570 21,576 24,262 25,319 26,370 27,057

Total'Operating'Expenses 612,088 633,875 684,708 676,234 735,442 802,005 846,301 911,425 921,028

Interest 12,679 15,996 16,665 17,376 21,670 24,270 27,141 25,453 17,750

Total'Expenses 624,767 649,871 701,373 693,610 757,112 826,275 873,442 936,878 938,778

OSU Distribu+on of Expenses: 2007 to 2015 Source: OUS and OSU Audited Financial Statements

58

0%#

5%#

10%#

15%#

20%#

25%#

30%#

2007#2008#2009#2010#2011#2012#2013#2014#2015#

Instruc3on#

Research#

Auxiliaries#

Public#Service#

Ins3tu3onal#Support#

OSU % Change in Main Expenses: 2014 to 2015

59

!6.6%%

!2.2%%

!1.6%%

!1.3%%

0.8%%

2.4%%

2.6%%

4.3%%

5.2%%

6.0%%

!8%% !6%% !4%% !2%% 0%% 2%% 4%% 6%% 8%%

Student%Aid%

Academic%Support%

Instruc=on%

Plant%

Research%

Other%

Student%Services%

Auxiliaries%

Public%Service%

Ins=tu=onal%Support%

Peer Ins+tu+on and Research as % of Total Expenses Source: IPEDS 2014

60

0%#

10%#

20%#

30%#

40%#

50%#

60%#

70%#

UC#Davis#

Purdue#

NC#State#

Colorado#State#

U#of#Arizona#

OSU#

Michigan#State#

Iowa#State#

Research#

InstrucHon#

Peer Instruc+on and Research Expense Data Items as Percent of Total Expenses per IPEDS, 2014

61

Instruction Research CombinedUC3Davis 33.3% 27.9% 61.2%Purdue 39.3% 16.7% 55.9%NC3State 32.1% 22.7% 54.7%Colorado3State 30.8% 23.5% 54.2%U3of3Arizona 26.8% 25.7% 52.6%OSU 28.9% 21.3% 50.2%Michigan3State 32.3% 17.7% 50.0%Iowa3State 26.3% 18.2% 44.5%

Peer3Average 31.5% 21.8% 53.3%OSU3vs.3Average M2.6% M0.5% M3.1%$3Below3Average M$25.0 M$4.3 M$29.3

Peer Ins+tu+onal Support Expense as % of Total Expenses (Upper-‐level admin per IPEDS 2014)

62

0%# 1%# 2%# 3%# 4%# 5%# 6%# 7%# 8%# 9%# 10%#

Iowa#State#

Colorado#State#

Michigan#State#

UC#Davis#

NC#State#

OSU#

U#of#Arizona#

Purdue#

Peer$Average 6.4%OSU$vs.$Average 0.9%$$Above$Average $8.4

•  OSU spends $29.3 million LESS than peer average on instruc+on and research •  OSU spends $8.4 million MORE than peer average on upper-‐level administra+on

OSU: Instruc+on Expense in Detail per IPEDS

63

2010 2011 2012 2013 2014Salaries 95,404,464 101,503,858 115,150,482 128,118,228 143,692,834Benefits 41,354,418 48,131,876 56,646,840 63,624,431 71,626,320Plant 6,177,231 7,128,324 8,447,743 9,021,309 9,442,582Depreciation 9,054,823 9,535,580 11,160,242 11,983,237 13,105,084Interest 4,412,096 4,703,520 5,929,255 7,602,531 7,076,421Other 17,634,790 22,318,030 21,838,101 26,267,571 28,414,875Instruction@Total@per@IPEDS 174,037,822 193,321,188 219,172,663 246,617,307 273,358,116

Salaries@+@Benefits@+@Other 154,393,672 171,953,764 193,635,423 218,010,230 243,734,029Instruction@per@Audited@ 154,394,000 171,954,000 193,636,000 218,010,000 243,734,000

•  Note how the “other” component of instruc+on is increasing •  Does OSU use consultants?

OSU Instruc+on and Research Salaries and Benefits in Context per IPEDS

64

Instruction*Only: 2010 2011 2012 2013 2014Total*/*Total*OSU*Expenses 24.9% 25.3% 26.5% 28.1% 28.9%Salaries*/*Total*OSU*Salaries 30.4% 30.9% 32.7% 34.1% 35.7%Salaries*+*Ben*/*Total*OSU*Salaries*+*Ben 30.4% 31.4% 32.9% 34.6% 36.0%

Research*Only:Total*/*Total*OSU*Expenses 29.6% 24.6% 23.8% 23.1% 21.3%Salaries*/*Total*OSU*Salaries 29.6% 29.1% 27.7% 22.7% 21.4%Salaries*+*Ben*/*Total*OSU*Salaries*+*Ben 29.7% 29.1% 27.7% 22.6% 21.0%

Instruction*+*Research*Combined:Total*/*Total*OSU*Expenses 54.5% 50.0% 50.3% 51.2% 50.2%Salaries*/*Total*OSU*Salaries 60.0% 60.0% 60.4% 56.8% 57.0%Salaries*+*Ben*/*Total*OSU*Salaries*+*Ben 60.1% 60.5% 60.6% 57.2% 57.0%

OSU vs. Peers: (Instruc+on + Research Salaries) / Total Salaries per IPEDS, 2014

SALARIES ONLY

65

Instruction Research CombinedPeer3Average 39.7% 20.7% 60.5%OSU3%3vs.3Peer3Average C6.5% C3.9% C10.4%OSU3$3vs.3Peer3Average3in3Millions C$33 C$20 C$52

35.7%&

21.4%&

0%&

10%&

20%&

30%&

40%&

50%&

60%&

70%&

80%&

UC&Davis&NC&State& Arizona& Purdue& Mich&State&

OSU& Colorado&State&

Iowa&State&

Research&

InstrucHon&

66

Is the academic voice prevalent enough?

OSU Foundation, Inc.

OSU Alumni Association

College Deans Agricultural Sciences Earth, Ocean and Atmospheric Sciences Forestry Business Engineering Education Liberal Arts Science Public Health and Human Sciences Pharmacy Veterinary Medicine

Graduate School Dean

University Honors College Dean

OSU ADMINISTRATIVE STRUCTURE September 2014

President Edward J. Ray Athletics

Provost and Executive Vice President

OSU – Cascades Vice President

Academic Affairs Senior Vice Provost

Information Services Vice Provost

Student Affairs Vice Provost

University Outreach & Engagement Vice Provost

International Programs Vice Provost

Finance & Administration Vice President

University Relations and Marketing

Vice President

Research Vice President

Alumni Relations Vice President

Equity and Inclusion Executive Director

Government Relations Director

Intercollegiate Athletics Director

University Ombuds

Audit Services Chief Audit Executive

General Counsel

OSU Board of Trustees

Enrollment Management Assistant Provost

Extended Campus Associate Provost

OSU: President’s Leadership Team(Cabinet) Is there enough of an academic voice in this room?

•  President Edward J. Ray •  Provost/Execu've Vice President Sabah Randhawa •  Interim Vice President for Finance Mike Green •  Interim Vice President for Administra'on Ron Adams •  Vice President for Research Cynthia Sagers •  Vice President for University Rela'ons and Marke'ng Steve Clark •  Vice President, Alumni Rela'ons Kathy Bickel •  Senior Vice Provost for Academic Affairs -‐ vacant •  Vice Provost for Student Affairs Susie Brubaker-‐Cole •  Vice Provost for University Outreach and Engagement ScoR Reed •  President, ASOSU Cassie Huber •  President, Faculty Senate Mike Bailey •  President, OSU Founda'on Mike Goodwin •  Dean of the College of Forestry Tom Maness •  Dean of the College of Engineering ScoR Ashford •  Execu've Director, Equity and Inclusion Angelo Gomez •  Board of Trustees Secretary Debbie Colbert •  Chief Audit Execu've, [ex officio] Pa[ Snopkowski •  Director, Government Rela'ons Jock Mills •  Director, Intercollegiate Athle'cs Todd Stansbury •  General Counsel [ex officio] Rebecca Gose

67

Top OSU Administra+ve Salaries, 2014 (Over $200k; N=38) Source: hhp://www.oregon.gov/transparency/pages/state_workforce.aspx

68

CLASSIFICATION ANNUAL+SALARY CLASSIFICATION ANNUAL+SALARYAdministrator+38Tier+1+H8COA $1,060,008 Executive+38Dean $235,008Administrator+38PAC12+Md+H8COA $800,004 Executive+38Dean $231,756Executive+38Athletics $545,508 Administrator+18Tenure+Dir $227,808Coordinator8Tier+1+Asst+COA $490,008 Coordinator8Tier+1+Asst+COA $225,000Executive+18President $485,088 Executive+28Vice+Provost $224,316Administrator+38Rev+Oly+H8COA $323,640 Executive+28Vice+Provost $223,224Coordinator8Tier+1+Asst+COA $320,004 Executive+28Aux+Campus $221,460Coordinator8Tier+1+Asst+COA $315,000 Administrator+18Tenure+Dir $216,948Executive+18Provost/Exec+VP $309,000 Executive+38General+Counsel $216,420Administrator+38PAC12+Md+H8COA $275,004 Coordinator8PAC12+Md+Asst+COA $214,260Coordinator8Tier+1+Asst+COA $260,004 Executive+38Dean $211,116Executive+38Dean $255,000 Administrator+18Bud+&+Fisc+Pln $211,056Executive+38Dean $251,172 Executive+38Dean $210,804Executive+28Univ+Rel+&+Mktg $247,224 Administrator+18Tenure+Dir $206,016Executive+38Dean $238,068 Administrator+18Tenure+Dir $204,912Executive+38Dean $237,876 Administrator+18School+Head $203,004Executive+28Fin+&+Admin $236,004 Administrator+18Assoc+Dean $202,236Executive+28CIO $235,692 Executive+28Ten+Vice+Provost $202,140Executive+38Dean $235,020 Executive+38Alumni+Relations $200,004

2014 OSU Administrator’s Salaries: $150k to $200k (N=62)

69

CLASSIFICATION ANNUAL+SALARY CLASSIFICATION ANNUAL+SALARYAdministrator+18Assoc+Dean $197,760 Administrator+18Assoc+Dean $166,512Administrator+18Dept+Head $194,004 Administrator+28Med/Clin+Serv $165,000Executive+38Research $193,728 Administrator+18Com+&+Corp+Dev $165,000Executive+38Dean $190,008 Administrator+28Med/Clin+Serv $164,892Administrator+18Assoc+Dean $188,544 Executive+38Bus+Servs $164,820Administrator+18Assoc+Dean $186,840 Administrator+18Marine+Project $164,004Executive+38Fin+&+Admin $186,540 Administrator+18Assoc+Dean $162,228Administrator+18Tenure+Dir $186,324 Executive+38Student+Health $160,800Executive+38Internal+Audit $185,004 Administrator+18Dept+Head $160,680Executive+38Assoc+Provost $183,828 Administrator+18Assoc+Dean $160,428Executive+38Dean $183,768 Administrator+18Dept+Head $160,008Administrator+18Tenure+Dir $182,124 Administrator+18School+Head $160,008Coordinator8Tier+1+Asst+COA $180,000 Administrator+18Assoc+Dean $159,660Administrator+18Tenure+Dir $179,772 Specialist+18End+Chair $159,228Executive+38Assoc+Provost $177,636 Administrator+18Tenure+Dir $158,664Administrator+18School+Head $176,820 Executive+38Dean $158,640Executive+38Univ+Librarian $176,748 Executive+38Dean $158,208Administrator+18Assoc+Dean $175,680 Administrator+18Tenure+Dir $157,824Administrator+38PAC12+Md+H8COA $175,008 Administrator+18Tenure+Dir $157,548Coordinator8Tier+1+Asst+COA $175,008 Administrator+18Tenure+Dir $154,632Coordinator8Tier+1+Asst+COA $175,008 Administrator+18Assoc+Dean $154,500Administrator+18Dept+Head $174,648 Executive+38Campus+Architect $154,500Executive+38HR $173,064 Administrator+18Attending+Vet $154,253Administrator+18Assoc+Dean $171,696 Administrator+18Dept+Head $153,528Administrator+18Assoc+Dean $171,696 Administrator+18Dept+Head $153,012Administrator+18Dept+Head $170,376 Administrator+18Vet+Teach+Hosp $152,760Administrator+18Bud+&+Fisc+Pln $169,956 Specialist+18End+Chair $152,520Administrator+18Dept+Head $169,488 Administrator+18Assoc+Dean $152,184Executive+38+Bus+Affairs $167,820 Specialist+18Tenured+Admin $152,055Administrator+18Tenure+Dir $166,596 Administrator+18Dept+Head $151,800Administrator+18Assoc+Dean $166,512 Administrator+18Tenure+Dir $151,479

OSU Faculty Salaries Source: AAUP Faculty Salary Survey and IPEDS for 2015 (OSU did not report to AAUP in 2015)

70

Salary 2010 2011 2012 2013 2014 2015

Full $93,945 $95,878 $99,920 $102,875 $112,133 $114,880

Associate $77,109 $76,892 $77,776 $82,374 $87,951 $88,933

Assistant $70,496 $70,106 $71,636 $74,714 $77,184 $79,598

Instructor $45,602 $45,138 $45,038 $46,410 $46,711 $48,882

%>Changes: 2010>to>11 2011>to>12 2012>to>13 2013>to>14 2014>to>15 2010>to>15

Full 2.1% 4.2% 3.0% 9.0% 2.4% 22%

Associate D0.3% 1.1% 5.9% 6.8% 1.1% 15%

Assistant D0.6% 2.2% 4.3% 3.3% 3.1% 13%

Instructor D1.0% D0.2% 3.0% 0.6% 4.6% 7%

OSU Faculty Salaries Graphically

71

$30,000%

$40,000%

$50,000%

$60,000%

$70,000%

$80,000%

$90,000%

$100,000%

$110,000%

$120,000%

$130,000%

2010% 2011% 2012% 2013% 2014% 2015%

Full%

Associate%

Assistant%

Instructor%

Number of Faculty Over Time

72

Numbers: 2010 2011 2012 2013 2014 2015 #0Change020100to015 %0Change020100to015Full 149 155 162 167 176 312 163 109%Associate 197 198 199 205 207 272 75 38%Assistant 155 145 185 211 237 259 104 67%Instructor 137 162 202 226 249 297 160 117%No0Rank 29 29 36 38 11 2 E270 E93%TOTALS 667 689 784 847 880 1,142 475 71%

100##

150##

200##

250##

300##

350##

2010# 2011# 2012# 2013# 2014# 2015#

Full#

Associate#

Assistant#

Instructor#

OSU Faculty Salaries vs. Peers-‐ Levels Peers per OUS; Data per AAUP Salary Survey

73

2014%15 Full Associate Assistant

UC5Davis $144,019 $98,267 $86,800

Mich5State $139,515 $93,742 $74,174

Purdue $130,326 $92,497 $81,511

Iowa5State $125,690 $91,472 $81,991

NC5State $123,963 $87,769 $78,656

Arizona $123,664 $85,084 $74,459

Col5State $119,999 $87,169 $78,973

OSU $114,880 $88,933 $79,598

OSU5Rank5(of58) 8 5 4Average5w/o5OSU $129,596 $90,857 $79,509OSU5vs.5Average5in5$ %$14,716 %$1,924 $88OSU5vs.5Average5in5% %11.4% %2.1% 0.1%

OSU Faculty Salaries vs. Peers Graphically

74

$50,000%

$60,000%

$70,000%

$80,000%

$90,000%

$100,000%

$110,000%

$120,000%

$130,000%

$140,000%

$150,000%

Full% Associate% Assistant%

UC%Davis%

Mich%State%

Purdue%

Iowa%State%

NC%State%

Arizona%

Col%State%

OSU%

OSU Faculty Salaries vs. Peers: Changes from 2010 to 2015

75

Full Associate AssistantOSU0vs.0Peers,02010 922,742 95,417 9624OSU0vs.0Peers,02015 914,716 91,924 88Change0from020100to02015 8,026 3,493 712

OSU0%0vs.0Peers,02010 919.5% 96.6% 90.9%OSU0%0vs.0Peers,02015 911.4% 92.1% 0.1%Change0from020100to02015 8.1% 4.4% 1.0%

OSU0Rank0(out0of08)02010 8 8 4OSU0Rank0(out0of08)02015 8 5 4

2015 OSU Faculty Salaries vs. Oregon Publics -‐ Levels Source: AAUP Salary Survey and IPEDS

76

$0#

$20,000#

$40,000#

$60,000#

$80,000#

$100,000#

$120,000#

$140,000#

UO#OSU#

PSU# OI

T#SOU#WOU#EOU#

Full#

Associate#

Assistant#

OSU Faculty Salaries vs. Oregon Peers: % Changes from 2013 to 2015

Source: AAUP Salary Survey and IPEDS

77

!4%$

!2%$

0%$

2%$

4%$

6%$

8%$

10%$

12%$

14%$

16%$

UO$ OSU$ OIT$ WOU$ PSU$ SOU$ EOU$

Full$

Associate$

Assistant$

78

Number of Employees; Class Size and Gradua+on Rates,

and Athle+cs

IPEDS Categories of Employees: 2013 to 2015, Non-‐Instruc+onal Employees

79

Non$Instructional.Full.Time. 2013 2014 2015Research 590 598 591Office/Support 549 539 491Computer/Eng/Sci 315 317 369Biz/Finance.Ops 406 404 367Community/Legal/Art 310 322 332Student/Ac.Affairs 122 154 297Management 244 289 295Service 196 178 198Maintenance 149 156 151Public.Service 273 300 122Healthcare 69 76 102Transportation 35 31 38Library.Technicians 33 36 34Sales 10 10 32Librarians 3 6 24Archivists 5 5 4Total.Non$Instructional 3,309 3,421 3,447

Number of Employees per OSU Employment Reports

80

2008 2009 2010 2011 2012 2013 2014 2015 2016

Faculty1(0.51or1>) 3,006 3,080 3,081 3,185 3,328 3,397 3,563 3,691 3,739

Classified1Staff 1,066 1,105 1,083 1,107 1,167 1,214 1,225 1,243 1,287

Total1Full1Time 4,072 4,185 4,164 4,292 4,495 4,611 4,788 4,934 5,026

Part1time1Faculty 461 486 467 500 544 661 681 687 594

Grad1Assts1(both1GRA1and1GTA) 1,396 1,425 1,464 1,619 1,726 1,791 1,935 1,952 2,058

Total 1,857 1,911 1,931 2,119 2,270 2,452 2,616 2,639 2,652

Percentage Changes in Instruc+onal Faculty and Enrollment per IPEDS: 2009 to 2012 and 2012 to 2015

81

2009 2012 2015 #'Change %'Change #'Change %'ChangeTenure/Tenure'Track 500 548 891 48 10% 343 63%Non'Tenure'Track 199 285 335 86 43% 50 18%Part'time'faculty 216 328 393 112 52% 65 20%Grad'Assistant'Teaching 454 875 1,017 421 93% 142 16%Total'HC'Enrollment 20,830 25,741 29,866 4,911 24% 4,125 16%

2012'to'20152009'to'2012

0%#10%#20%#30%#40%#50%#60%#70%#80%#90%#100%#

2009#to#2012# 2012#to#2015#

Tenure/Tenure#Track#

Non#Tenure#Track#

Part#:me#faculty#

Grad#Assistant#Teaching#

Total#HC#Enrollment#

Recent New Hires per IPEDS

82

46## 42## 48##

40##26##

45##

0##

20##

40##

60##

80##

100##

120##

140##

160##

2013# 2014# 2015#Tenure/Tenure#Track# Non5tenure#track#

•  The number of new faculty below does not coincide with the huge increase in faculty per the AAUP salary survey and IPEDS

•  These numbers do coincide with the new faculty class introduced by the Vice Provost

Full Time Instruc+onal Faculty Numbers: Large Differences from Different Sources

83

2014 2015 ChangeIPEDS1T/TT 615 891 276AAUP1T/TT 620 843 223New1Hires1T/TT1for12015 48

IPEDS1NTT 315 335 20AAUP1NTT 260 299 39New1Hires1NTT1for12015 45

Total1FT1IPEDS 930 1,226 296Total1FT1per1AAUP 880 1,142 262Full1time1per1Common1Data1Set 982 1,111 129Faculty1per1OSU1Employment1report 3,691 3,739 48

OSU Class Sizes: Number of Sec+ons with Specified Number of Students: UG only

Source: Common Data Set

84

2"9 10"19 20"29 30"39 40"49 50"59 100+ TotalFall02008 413 396 434 204 138 255 117 1,957Fall02011 224 381 496 159 146 230 155 1,791Fall02014 146 397 577 184 153 230 157 1,844

2"9 10"19 20"29 30"39 40"49 50"59 100+Fall02008 21% 20% 22% 10% 7% 13% 6%Fall02011 13% 21% 28% 9% 8% 13% 9%Fall02014 8% 22% 31% 10% 8% 12% 9%

2"9 10"19 20"29 30"39 40"49 50"59 100+ TotalChange0from020090to02012 "189 "15 62 "45 8 "25 38 "166Change0from020120to02015 "78 16 81 25 7 0 2 53

Class Size Changes Graphically Source: Common Data Set

85

0"

100"

200"

300"

400"

500"

600"

2)9" 10)19" 20)29" 30)39" 40)49" 50)59" 100+"

Number"of"Sec6ons"with"Specified"#"of"Students"

Fall"2008"

Fall"2011"

Fall"2014"

OSU Degrees Conferred Source: OSU Ins+tu+onal Research

86

Degrees&Conferred 2011 2012 2013 2014 2015Bachelor 3,484 3,932 4,157 4,702 4,803Master 725 755 730 829 851MAIS&(Interdisciplinary) 20 19 16 19 20First&Professional&(Pharm/VM) 141 144 140 145 140Doctorate 174 205 213 196 211TOTAL 4,544 5,055 5,256 5,891 6,025

0""

1,000""

2,000""

3,000""

4,000""

5,000""

6,000""

7,000""

2011" 2012" 2013" 2014" 2015"

Doctorate"

First"Professional"(Pharm/VM)"

MAIS"(Interdisciplinary)"

Master"

Bachelor"

More Detail on OSU Degrees Conferred – Bachelor Degrees

87

Within&Bachelor&of&Science: 2011 2015 #&Change %&ChangeAGR 249 452 203 82%BUS 493 703 210 43%EOAS 0 107 107ED 39 37 E2& E5%ENGR 555 864 309 56%FOR 170 181 11 6%LA 362 548 186 51%PHHS 638 796 158 25%SCI 446 491 45 10%TOTAL&BS 2,952 4,179 1,227 42%Honors&BS 62 144 82 132%Bachelor&of&Arts 400 400 0 0%All&Other&Bachelors 70 80 10 14%Total&Bachelors 3,484 4,803 1,319 38%

More Detail on OSU Degrees Conferred – Master and First Professional Degrees

88

Within&Masters&Science: 2011 2015 #&Change %&ChangeAGR 56 88 32 57%EOAS 0 26 26ED 39 70 31 79%ENGR 113 133 20 18%FOR 13 25 12 92%GRAD 28 18 D10& D36%PHHS 22 19 D3& D14%SCI 99 45 D54& D55%Other&MS 25 7 D18& D72%TOTAL&MS 395 431 36 9%Master&of&Engineering 41 91 50 122%MBA 50 81 31 62%Master&of&Public&Health 34 59 25 74%All&Other&Masters 205 189 D16& D8%Total&Masters 725 851 126 17%

Within&First&Professional: 2011 2015 #&Change %&ChangeDoctor&of&Pharmacy 92 83 D9& D10%Doctor&of&Vet.&Medicine 49 57 8 16%TOTAL 141 140 D1& D1%

6-‐Year Gradua+on Rates Source: Common Data Sets

89

Cohort Fall)2002 Fall)2003 Fall)2004 Fall)2005 Fall)2006 Fall)2007 Fall)2008Grad)in)4)years 33% 27% 31% 28% 29% 30% 31%Grad)in)5)years 25% 26% 23% 26% 25% 26% 25%Grad)in)6)years 5% 8% 6% 6% 6% 6% 7%Total)6=Year)Rate 62% 60% 60% 61% 60% 61% 63%

40%$

50%$

60%$

70%$

80%$

Fall$02$-$Aug$08$

Fall$03$-$Aug$09$

Fall$04$-$Aug$10$

Fall$05$-$Aug$11$

Fall$06$-$Aug$12$

Fall$07$-$Aug$13$

Fall$08$-$Aug$14$

Prez$Ray$Goal$

Grad Rate and Pell Grant Rate of Peers Source: IPEDS for 2014

90

0%#

10%#

20%#

30%#

40%#

50%#

60%#

70%#

80%#

90%#

100%#

UC#Davis#

Mich#State#

NC#State#

Purdue# Iowa#State#

Col#State#

OSU# Arizona#

Grad#Rate#

Pell#Rate#

Grad%Rate Pell%RateOSU 63% 29%Peer%Average 72% 24%

OSU 1-‐Year Reten+on Rate Source: Common Data Sets

91

84%$90%$

0%$10%$20%$30%$40%$50%$60%$70%$80%$90%$100%$

Fall$07$Back$Fall$08$






President$Ray$goal$

1?Year$Rate$

Pell$Rate$

Gradua+on and Pell Rates of Oregon Public Universi+es per IPEDS, 2014

92

0%#

10%#

20%#

30%#

40%#

50%#

60%#

70%#

80%#

90%#

100%#

UO# OSU# WOU# OIT# SOU# PSU# EOU#

Grad#Rate#

Pell#Rate#

Grad%Rate Pell%RateOSU 63% 29%Average%w/o%OSU 46% 40%Correlation%b/w%grad%rate%and%pell%rate:

A0.95%

OSU Athle+cs: Overview per Equity in Athle+cs Data Analy+cs (EADA of Federal Gov.)

93

2014%15 Men Women Total

Number5of5Sports 7 9 16

#5of5Participants 275 224 499

Total5Undergraduates 9,694 8,308 18,002

%5of5Students 2.8% 2.7% 2.8%

2009$10 2014$15 $)Change %)ChangeAthletic)Expenses 48,708,972 72,133,762 23,424,790 48.1%All)Other)Expenses 644,901,028 866,644,238 221,743,210 34.4%Total)OSU)Expenses 693,610,000 938,778,000 245,168,000 35.3%%)of)Total)OSU)Expenses 7.0% 7.7%

Two Different Expense Breakdowns per EADA (Equity in Athle+cs Data Analy+cs )

94

2014%15 Men Women Total

Basketball 4,672,485 2,651,986 7,324,471

Football 14,690,714 0 14,690,714

All=Other=Sports 5,883,267 9,343,816 15,227,083Total=of=Sports=Expenses 25,246,466 11,995,802 37,242,268

Not=Allocated=by=Sport 34,891,494

Grand=Total=Expenses 72,133,762

Men Women TotalCoaches=Salaries $7,726,559 $2,616,507 10,343,066Operating=Expenses $3,174,809 $1,639,084 4,813,893Athletic=Student=Aid $5,088,559 $4,311,608 9,400,167Recruiting=Expenses $1,201,394 $387,733 1,589,127Sport=Expenses 25,246,466 11,995,802 37,242,268Not=Allocated=by=Sport 34,891,494Grand=Total=Expenses 72,133,762

Athle+c Coaches vs. Faculty Salaries, 2010 and 2015 Sources: EADA and AAUP Salary Survey

95

0"

100,000"

200,000"

300,000"

400,000"

500,000"

600,000"

Men's"Head"Coach"

Men"Asst"Coach"

Women's"H

ead"Coach"

Full"Professor"

Associate"Professor"

Assistant"Professor"

Women"Asst"Coach"

Instructor"

2009C10"

2014C15"

Dollar and Percentage Change in Coaches and Faculty Salaries: 2010 to 2015 per EADA and AAUP Salary Survey

96

0%#

10%#

20%#

30%#

40%#

50%#

60%#

70%#

80%#

90%#

100%#

$0#

$20,000#

$40,000#

$60,000#

$80,000#

$100,000#

$120,000#

$140,000#

$160,000#

$180,000#

Men's#Head#Coach#

Men#Asst#Coach#

Women's#Head#Coach#

Women#Asst#Coach#

Full#Professor#

Associate#Professor#

Assistant#Professor#

Instructor#

$#Change#

%#Change#

USA Today Athle+c Database: OSU Athle+c Revenues and Expenses

97

$40,000,000%

$50,000,000%

$60,000,000%

$70,000,000%

$80,000,000%

2007% 2008% 2009% 2010% 2011% 2012% 2013% 2014%

Total%Athle6c%Expenses%

Total%Athle6c%Revenues%

Expenses were $9.7 million larger than revenues in 2014

OSU Students are Subsidizing Athle+cs Source: USA Today

98

ticket&sales contributionsrights&/&licensing

student&fees school&funds othertotal&

revenues2007 $8,986,521 $15,646,473 $11,544,737 $1,494,984 $12,664,890 $2,133,822 $52,471,4272008 $8,469,533 $16,614,611 $13,325,497 $1,203,903 $8,995,105 $4,266,690 $52,875,3392009 $10,139,347 $11,829,544 $16,197,375 $2,113,218 $9,325,885 $3,537,520 $53,142,8892010 $9,525,756 $16,439,009 $14,860,469 $2,142,702 $8,817,914 $3,827,495 $55,613,3452011 $10,389,424 $9,535,722 $15,039,448 $2,277,720 $14,688,891 $3,612,810 $55,544,0152012 $9,541,151 $9,816,920 $17,034,026 $2,442,222 $16,285,197 $3,587,321 $58,706,8372013 $10,909,633 $12,658,820 $27,385,484 $2,565,348 $9,704,893 $2,243,792 $65,467,9702014 $10,080,314 $10,670,196 $28,044,856 $2,502,831 $9,782,622 $2,220,975 $63,301,794

Total&Subsidy Total&Revenues Subsidy&%2007 $14,159,874 $52,471,427 27.0%2008 $10,199,008 $52,875,339 19.3%2009 $11,439,103 $53,142,889 21.5%2010 $10,960,616 $55,613,345 19.7%2011 $16,966,611 $55,544,015 30.5%2012 $18,727,419 $58,706,837 31.9%2013 $12,270,241 $65,467,970 18.7%2014 $12,285,453 $63,301,794 19.4%

•  Total Subsidy was $107 MILLION from 2007 to 2014

•  Average annual subsidy is $13.4 MILLION

2014 Subsidies of PAC-‐12 Public Ins+tu+ons OSU Has the Largest Dollar and % Subsidies in the Conference

Source: USA Today

99

2014 Subsidy,% $,Subsidy

Total,Athletic,

Expenses

OSU 19.4% $12,285,453 $73,020,003

Colorado 19.0% $12,209,473 $64,303,100

Wash,St 18.6% $10,104,638 $68,141,258

Utah 17.5% $9,862,106 $50,531,606

Ariz,St 13.5% $10,073,205 $74,553,104

Arizona 7.9% $7,901,134 $95,524,260

Cal, 5.5% $4,982,173 $90,108,023

UW 3.5% $3,549,679 $86,097,137

UCLA 3.1% $2,711,272 $86,426,780

UO 1.1% $2,155,099 $110,378,432

Average,w/o,OSU 10.0% $7,060,975 $80,673,744

OSU,vs.,Average 9.4% $5,224,478 O$7,653,741

2014 Subsidy Percentages and Total Athle+c Expenses of PAC-‐12 Publics per USA Today

100

0.0%$

5.0%$

10.0%$

15.0%$

20.0%$

25.0%$

$0$

$20,000,000$

$40,000,000$

$60,000,000$

$80,000,000$

$100,000,000$

$120,000,000$

OSU$

Colorado$

Wash$St$

Utah$

Ariz$St$

Arizona$

Cal$$

UW$UCLA$

UO$

Total$AthleAc$Expenses$ Subsidy$Percentage$

financial’condi+on’of’’ oregonstateuniversity’’ february’2016 · 2018-10-21 ·...

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