Income Satement

Revenue Oliver Wissman & Alex Bock

Fall Spring Summer

Tuition $ 15,190,650.00 $ 15,190,650.00 $ 4,557,195.00
Sports $ 250,000.00 $ 250,000.00 $ -
Government Funding $ 1,916,666.67 $ 1,916,666.67 $ 1,666,666.67 Total Revenue
Total $ 17,357,316.67 $ 17,357,316.67 $ 6,223,861.67 $ 40,938,495.00

Expenses
Fall Spring Summer
Salaries $ 17,324,250.00 $ 17,324,250.00 $ 2,250,000.00
Sports $ 700,000.00 $ 550,000.00 $ -
President and VP Expenses $ 75,000.00 $ 75,000.00 $ -
College Supplies $ 66,666.67 $ 66,666.67 $ 66,666.67
Facilities Expense $ 663,325.05 $ 663,325.05 $ 663,325.05
Office Expenses $ 150,000.00 $ 150,000.00 $ 150,000.00 Total Expenses
Total $ 18,979,241.72 $ 18,829,241.72 $ 3,129,991.72 $ 40,938,475.15

Net Income
Fall Spring Summer Gross Profit/Loss
Profit/Loss $ (1,621,925.05) $ (1,471,925.05) $ 3,093,869.95 $ 19.85
Revenue Fall Spring Summer

Tuition
per semester $ 15,190,650.00 $ 15,190,650.00 $ 4,557,195.00

Sports
Sports gate & concessions $ 250,000.00 $ 250,000.00 $ -

Government Funding
UM Endowment $ 250,000.00 $ 250,000.00 $ -
UM State $ 1,666,666.67 $ 1,666,666.67 $ 1,666,666.67
Total Revenue
Total $ 17,357,316.67 $ 17,357,316.67 $ 6,223,861.67 $ 40,938,495.00
Expenses Fall Spring Summer
Salaries Fall Spring Summer
Faculty $ 15,637,500.00 $ 15,637,500.00 $ 2,250,000.00
Associate Deans $ 312,000.00 $ 312,000.00 $ -
Deans $ 390,000.00 $ 390,000.00 $ -
Administrative Assist $ 195,000.00 $ 195,000.00 $ -
Administrative Assist $ 156,000.00 $ 156,000.00 $ -
President $ 162,500.00 $ 162,500.00 $ -
Vice President $ 260,000.00 $ 260,000.00 $ -
Administrative Assista $ 81,250.00 $ 81,250.00 $ -
Administrative Assista$ 130,000.00 $ 130,000.00 $ - Total Salaries Expense
Total $ 17,324,250.00 $ 17,324,250.00 $ 2,250,000.00 $ 36,898,500.00
Sports Fall Spring
Football $ 500,000.00 $ -
Hockey $ 200,000.00 $ 200,000.00
W. Basketball $ - $ 100,000.00
M. Basketball $ - $ 100,000.00
W.Volleyball $ - $ 75,000.00
W. Softball $ - $ 75,000.00 Total Sports Expense
Total $ 700,000.00 $ 550,000.00 $ 1,250,000.00
President and VP ExpFall Spring Summer
President $ 25,000.00 $ 25,000.00 $ -
Vice President 1 $ 25,000.00 $ 25,000.00 $ -
Total President and VP
Vice President 2 $ 25,000.00 $ 25,000.00 $ - Expenses
Total $ 75,000.00 $ 75,000.00 $ - $ 150,000.00
College Supplies for Fall Spring Summer
College of Business $ 16,666.67 $ 16,666.67 $ 16,666.67
College of Technology $ 16,666.67 $ 16,666.67 $ 16,666.67
College of Arts and S $ 16,666.67 $ 16,666.67 $ 16,666.67
College of Health $ 16,666.67 $ 16,666.67 $ 16,666.67 Total Supplies Expense
Total $ 66,666.67 $ 66,666.67 $ 66,666.67 $ 200,000.00
Facilities Expense Fall Spring Summer
Maintenance $ 465,846.60 $ 465,846.60 $ 465,846.60
Utilities $ 197,478.45 $ 197,478.45 $ 197,478.45 Total Facilities Expenses
Total $ 663,325.05 $ 663,325.05 $ 663,325.05 $ 1,989,975.15
Office Expenses Fall Spring Summer
Business office expen $ 83,333.33 $ 83,333.33 $ 83,333.33
Financial aid office e $ 66,666.67 $ 66,666.67 $ 66,666.67 Total Office Expenses
Total $ 150,000.00 $ 150,000.00 $ 150,000.00 $ 450,000.00
Final Total Fall Spring Summer Final Total Epenses
$ 18,979,241.72 $ 19,312,575.05 $ 3,129,991.72 $ 41,421,808.48
Labor Costs
Salaries Fall Spring Summer
Faculty $ 15,637,500.00 $ 15,637,500.00 $ 2,250,000.00
Associate Deans $ 312,000.00 $ 312,000.00 $ -
Deans $ 390,000.00 $ 390,000.00 $ -
Administrative Assistant for Dean $ 195,000.00 $ 195,000.00 $ -
Administrative Assistant for Associate Dean $ 156,000.00 $ 156,000.00 $ -
President $ 162,500.00 $ 162,500.00 $ -
Vice President $ 260,000.00 $ 260,000.00 $ -
Administrative Assistant for President $ 81,250.00 $ 81,250.00 $ - Total Salaries Expense
Administrative Assistant for Vice President $ 130,000.00 $ 130,000.00 $ -
Total $ 17,324,250.00 $ 17,324,250.00 $ 2,250,000.00 $ 36,898,500.00
Facilities Expense Fall Spring Summer
Maintenance $ 465,846.60 $ 465,846.60 $ 465,846.60
Utilities $ 197,478.45 $ 197,478.45 $ 197,478.45 Total Facilities Expenses
Total $ 663,325.05 $ 663,325.05 $ 663,325.05 $ 1,989,975.15

Final Total Fall Spring Summer

$ 17,987,575.05 $ 17,987,575.05 $ 2,913,325.05 Final Total for Labor Costs
$ 38,888,475.15
UM Endowment $500,000 divided by fall and spring semesters $ 250,000.00
UM State $5,000,000 divided by 3 semesters $ 1,666,666.67
Sports gate & concessions $500,000 by academic year $ 250,000.00

teachers per semester

Students 10000
teachers for fall and spring 417 416.6666666667 417
Students 3000
Teachers for summer semester 125 125 125
Notes & Variables
Tuition
per credit hour 101.271
classes 5
Per class 303.813
per semester for fall $ 15,190,650.00
per semester for spring $ 15,190,650.00
per semester for summer $ 4,557,195.00

College Supplies for each semester

College of Business $ 16,666.67
College of Technology $ 16,666.67
College of Arts and Sciences $ 16,666.67
College of Health $ 16,666.67

President and VP Expenses per academic

semester
President $ 25,000.00
Vice President 1 $ 25,000.00
Vice President 2 $ 25,000.00

Total cost of Teachers for summer

Salaries per academic year salaries With Summer cost Total cost of Salaries
Faculty $ 60,000.00 $ 15,000.00 $ 75,000.00 $ 31,275,000.00 $ 18,000.00 $ 2,250,000.00 $ 33,525,000.00
Associate Deans $ 120,000.00 $ 36,000.00 $ 156,000.00 $ 624,000.00
Deans $ 150,000.00 $ 45,000.00 $ 195,000.00 $ 780,000.00
Administrative Assistant for Dean $ 75,000.00 $ 22,500.00 $ 97,500.00 $ 390,000.00
Administrative Assistant for Associate
Dean $ 60,000.00 $ 18,000.00 $ 78,000.00 $ 312,000.00
Total $ 33,381,000.00 $ 35,631,000.00

Total Salaries
Executive Branch Expense
President $ 250,000.00 $ 75,000.00 $ 325,000.00 $ 325,000.00 Academic Year $ 34,648,500.00
Vice President $ 200,000.00 $ 60,000.00 $ 260,000.00 $ 520,000.00 Year with Summer $ 36,898,500.00

Administrative Assistant for President $ 125,000.00 $ 37,500.00 $ 162,500.00 $ 162,500.00

Administrative Assistant for Vice President $ 100,000.00 $ 30,000.00 $ 130,000.00 $ 260,000.00

Total $ 1,267,500.00

Fall Spring Summer

Salaries per academic year
Faculty $ 15,637,500.00 $ 15,637,500.00 $ 2,250,000.00
Associate Deans $ 312,000.00 $ 312,000.00 $ -
Deans $ 390,000.00 $ 390,000.00 $ -
Administrative Assistant for Dean $ 195,000.00 $ 195,000.00 $ -
Administrative Assistant for Associate
Dean $ 156,000.00 $ 156,000.00 $ - We used the information
on the given sheet of
Total $ 16,690,500.00 $ 16,690,500.00 $ 2,250,000.00 paper to dertemine our
salary budget. For
Executive Branch example we gave the
associate deans 80% of
President $ 162,500.00 $ 162,500.00 $ - the deans salary and gave
Vice President $ 260,000.00 $ 260,000.00 $ - the administrative
assistants 50% of the
person that they reported
Administrative Assistant for President $ 81,250.00 $ 81,250.00 $ - to.

Administrative Assistant for Vice President $ 130,000.00 $ 130,000.00 $ -

Total $ 633,750.00 $ 633,750.00

UM extra curricula activities need to be funded

Fall Spring
Football $ 500,000.00 $ -
Hockey $ 200,000.00 $ 200,000.00
W. Basketball $ - $ 100,000.00
M. Basketball $ - $ 100,000.00 we encountered a
problem of having too
W.Volleyball $ - $ 75,000.00 large of a profit so we
W. Softball $ - $ 75,000.00 were forced to lower our
tuition rate; untill we
Total $ 700,000.00 $ 550,000.00 could get as close to a
zero profit as possible.
Maintenance $ 1,397,539.80
Utilities $ 592,435.35

Fall Spring Summer

Business office expenses $ 83,333.33 $ 83,333.33 $ 83,333.33
Financial aid office expenses $ 66,666.67 $ 66,666.67 $ 66,666.67