UM System Vice President for Finance and Administration James E. Cofer told the curators that the state appropriation figures used in developing the Fiscal Year 2001 operating budget plan reflect the governor's recommendation, less the traditional three percent statutory withholding. Three percent of the University's appropriation is withheld by the state each year to meet unforeseen fiscal emergencies. Cofer said the governor also recommended a two percent increase for other University programs including University Hospitals and Clinics, Ellis Fischel Cancer Center, the Missouri Rehabilitation Center, Missouri Institute of Mental Health, Missouri Kidney Program and MOREnet. State appropriations and sales and services each provides about one-quarter of total revenues.
Student fees comprise sixteen percent of the total.
Gifts, grants, and contracts represent twelve percent, and all other sources approximately nineteen percent. On the expenditure side, compensation will claim 51 percent of the budget, expense and equipment 44 percent, and fund transfers five percent. Cofer said the two major revenue sources for the general operating budget are state appropriations and student fees, which account for 92 percent of the total. State funds comprise about 57 percent and student fees 35 percent. The remaining amount was allocated to the campuses based on performance measures related to the state's Funding for Results Program.