Budgetary Hearing 2019-2020 Dillard College of Business - - PowerPoint PPT Presentation

Budgetary Hearing 2019-2020 Dillard College of Business Administration

Overview

• Vision and Mission
• AACSB Accreditation
• College Overview
• Financial Overview
• Issues

Vision

• OUR VISION is to be among the highest value

business programs, growing significantly in scope, impact, and success for our stakeholders.

Mission

• OUR MISSION is to graduate students ready to

succeed professionally in a dynamic

• environment. The Dillard College also provides

specialized services that fuel the economic development and empowerment of our region and beyond.

AACSB Accreditation

• The Association to Advance Collegiate Schools
• f Business
• Founded 1916
• Longest-serving global accrediting body for

business schools

• Less than 5% of world’s 13,000 business

programs… “The Gold Standard”

• Dillard Est. April 2010

AACSB Review

• 2014-2015 Accreditation extended for five years
• Faculty qualifications and AOL #1 reason for

accreditation issues

• March 24-25, 2019 PRT Chief Visit
• November 10-12, 2019 PRT Visit

College Centers

• Bureau of Business and Government Research
• Mamie Raborn Center for Economic Education
• Small Business Development Center
• Munir Abdul Lalani Center for Entrepreneurship

and Free Enterpise

• Dillard Center for Energy Management
• Nonprofit Center

Enrollment DCOBA & Minors

Major / Minor

Enrollment DCOBA Entry

SCH Production DCOBA

Gender DCOBA

100 200 300 400 500 600 700 Fall 2008 Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016 Fall 2017 Fall 2018 Female Male

Race/Ethnicity DCOBA

Geographic Region DCOBA

50 100 150 200 250 300 350 400

San Antonio Area Oklahoma Austin Area Houston Area All Other States ESC Region IX Area Other Texas… Foreign Metroplex Wichita County

Fall 2018 Fall 2017 Fall 2016 Fall 2015 Fall 2014

Age Demographic DCOBA

Quality BBA MFT

77.5 77 77 75 73.5 74 74.5 75 75.5 76 76.5 77 77.5 78 2014-2015 2015-2016 2016-2017 2017-2018

Overall Percentile

Quality MBA MFT

85 85 85 85 10 20 30 40 50 60 70 80 90 2014-2015 2015-2016 2016-2017 2017-2018

Overall Percentiles

CPA Pass Rate/Rank

DCOBA Overall Course Quality

4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 Professional Business Core Business Core ACCT BUAD ECON FINC LSBA MGMT MIS MKGT

3 Year Course Evaluation Averages

Instructor Course

Faculty by Department

DCOBA Intellectual Contributions

Staff

Budget

• Budget

FY16 FY17 FY18 FY19 Faculty/ Dean Salary and Benefits 3,254,842 3,338,982 3,396,605 3,489,304 Staff Salary and Benefits 412,131 446,360 522,684 538,077 Instructional Enhancement 116,037 137,453 140,207 135,242 Travel for all Departments 41,243 41,243 42,142 42,142 Maintenance and Operations Budget 45,540 45,540 45,540 45,540 HEAF Spending 9,556 2,447 6,700 11,518 Student Wages (Undergraduate) 13,197 13,197 13,197 13,197 Utilities 6,000 6,000 6,000 6,000 Small Business Development Center 163,252 164,468 108,819 108,828 Total 3,987,505 4,031,222 4,173,075 4,281,020

Budget (cont)

Restricted Funds Budget Summary FY16 FY17 FY18 FY19 SBDC Wichita County

115,897 34,896 41,681 108,737

Small Business Development Center

117,500 117,500 126,189 123,258

MSU Foundation - LJR Professorship

9,000 9,000 9,000 9,000

MSU Foundation - Madera Professorship

13,826 11,702 15,000 15,000

MSU Foundation - Raborn/Economic Education

13,998 14,971 10,073 9,991

MSU Charitable Trust - Dillard Special Fund

110,600 67,779 69,616 70,458

MSU Charitable Trust- Bridwell Finance Chair

13,826 8,523 8,519 8,580

MSU Charitable Trust - Lalani Center

8,345 8,964 7,018 7,210

MSU Charitable Trust - Lalani Dist Professor

2,500 2,500 2,500 2,500

MSU Charitable Trust - AACSB

26,400 30,000 25,000 30,000

MSU Charitable Trust - Faculty Development

13,000 30,000 25,000 22,000

MSU Charitable Trust - Student Support

28,000 30,000 25,000 22,500

Dillard Distinguished Professor

84,542 84,488 55,473 31,119

Dillard Energy Center

40,000 40,000 40,000 40,000

• S. Rugely Distinguished Professor-Energy Acctg

159,656 43,798 42,569 43,276

Dillard Distinguished Professor-Energy Finance

49,314 50,686 31,568 32,091

Dillard Distinguished Professor-Energy Mgmt.

143,037 142,842 69,916 71,128

Total 949,441 727,649 604,122 646,848

Instructional Enhancement Fees

IEF RESERVE ACCOUNT FY 18 FY 19 projected Faculty Library Xerox 3,800 3,800 Half Advising Center Xerox 1,260 1,260 Part Time Academic Advisor Wages 12,888 13,000 Part Time Academic Advisor Fringe 985 1,000 Data Subscription for Star Lab Ticker 1,800 1,855 Crestron Replacement 71,766

• Student Travel to M UN Team Event

1,900

• Lemonade Day

5,000

• Total

99,399 20,915 IEF STAR LAB ACCOUNT FY 18 FY 19 projected Subscription to Bloomberg 65,000 68,000

Travel Budget

Travel Budget From State and Local Tuition FY16 FY17 FY18 FY19 Dillard College of Bus Ad 7,568 7,568 7,568 7,568 Business Administration 7,568 7,568 7,568 7,568 Accounting /MIS Dept. Travel 8,103 8,103 9,002 9,002 Economics, Finance and Gen Business Department Travel 9,002 9,002 9,002 9,002 Management and Marketing Department Travel 9,002 9,002 9,002 9,002

Dillard Endowment

• Per agreement, minimum balance of $5,000,000

Asset Class Market Value 8/31/16 Market Value 8/31/18 Market Value 12/31/18 Cash & Equivalents 62,423 137,266 190,527 Fixed Income Securities 1,253,319 1,348,629 1,338,199 Equities 4,440,225 5,365,592 4,506,701 Miscellaneous Assets 154,458 162,143 151,329 Total Account 5,910,425 7,013,630 6,186,756

Dillard Endowment

Dillard Trust Distribution FY16 FY17 FY18 FY19 FY20 REQUEST Dillard AACSB 13,200 30,000 25,000 30,000 32,000 Faculty Development 13,000 30,000 25,000 22,000 10,000 Student Support / Test Administration 14,00 30,000 25,000 22,500 25,000 Internationalization of Programs 7,500 18,100 23,800 20,000 20,000 Salary and Benefit Adjustments 14,710 16,400 16,700 17,000 15,000 Bridwell 13,830 500 500 500 500 Salary Support 62,892 53,500 54,500 55,000 57,000 Marketing/New Deans Initiative

• 16,700

8,000 Dillard Financial Inv. Lab 32,500

• Total

171,632 178,000 178,000 174,500 159,500

Dillard Trust Distribution

AACSB Accreditation Costs

Annual Direct Costs (Paid out of Dillard Endowment)

FY16 FY17

FY18 FY19

(projected)

AACSB Annual Membership Dues 8,400 9,250 9,250 9,250 AACSB Conference Registration Fees

• 7,905

2,990 3,000 AACSB Travel Expenses

• 8,665

2,156 3,000 AACSB Consultant, Dr. Karen Tarnoff

• 5,746
• Sedona Annual License

2,200 2,500 2,291 2,500 Major Field Test 5,255 4,810 5,800 6,000 Total 15,855 33,130 28,233 23,750

Mandatory Salary Support

Salary Support (Dillard Charitable Trust) 42241 2200 18

FY 2016 FY 2017 FY 2018 FY 2019 Fritzch 8,431 Fukasawa 3,000 Fukasawa 3,027 Vacant 3,027 Vacant 3,207 Patterson 5,973 Patterson 5,961 Patterson 5,524 Patterson 5,651 Tilker 1,069 Tilker 1,070 Tilker 980 Tilker 1,010 Owen 2,736 Owen 2,733 Owen 3,101 Owen 3,147 Zaidi 41,700 San Miguel 41,700 San Miguel 42,420 San Miguel 43,040 62,909 54,491 55,052 56,055 Fringe 14,710 Fringe 13,288 Fringe 14,384 Fringe 14,403 77,619 Total 67,779 Total 69,436 Total 70,458

MSU Foundation - LJR Professorship FY16 FY17 FY18 FY19 Salary and Fringe 6105 6019 6133 6272 Maint and Operations Budget Pool 2895 2981 2867 2728 MSU Charitable Trust- Bridwell Finance Chair Salary and Fringe 6067 6023 6019 6080 Maint and Operations Budget Pool 7759 2500 2500 2500 MSU Foundation - Madera Professorship Salary and Fringe 6067 6702 10000 10693 Maint and Operations Budget Pool 7759 5000 5000 4307 Dillard Distinguished Professor Salary and Fringe 59542 59488 30473 31119 Maint and Operations Budget Pool 25000 25000 25000

• S. Rugely Distinguished Professor-Energy Acctg

Salary and Fringe 157156 41298 40069 40776 Maint and Operations Budget Pool 2500 2500 2500 2500 Dillard Distinguished Professor-Energy Finance Salary and Fringe 46814 48186 29068 29591 Maint and Operations Budget Pool 2500 2500 2500 2500 Dillard Distinguished Professor-Energy Mgmt. Salary and Fringe 140537 140342 67416 68628 Maint and Operations Budget Pool 2500 2500 2500 2500 MSU Charitable Trust - Lalani Dist Professor Salary and Fringe Maint and Operations Budget Pool 2500 2500 2500 2500 FY16 FY17 FY18 FY19

Total Salary and Fringe (w/o Special Fund)

422,288 308,058 189,178 193,159

Total Maint and Operations Budget Pool

53,413 45,481 45,367 19,535

Additional Salary and Fringe from Donor Accounts (Not Including Special Fund in Dillard Charitable Trust From Last Slide)

Travel supplemented with Donor Funds

Travel funded from Donor Accounts in FY 18 Account Amount Conference Travel BBGR 2,083 Conference Travel Faculty Dev 3,449 Internship Association Conference Student Support 560 AACSB Conference AACSB 3,420 Total 9,512

College Centers

• Quality

Dillard College Center Budgets FY16 FY17 FY18 FY19 Small Business Development Center

117,500 117,500 126,189 123,258

Mamie Raborn Center

13,998 14,971 10,073 9,991

Dillard Energy Center

40,000 40,000 40,000 40,000

Lalani Center for Entrepreneurship

8,345 8,964 7,018 7,210

Nonrprofit Center Bureau of Business and Government Research

12,670 9,733 8,689 3,831

Fund Raising Efforts

• Agribusiness Concentration: $1,500,000 (5 yrs)
• Nonprofit Minor: $1,451,926 (5 yrs)
• Nonprofit Center: $70,000 (annually for 5 yrs)
• Warren Ayres Family Computer Lab: $75,000
• Ayres Endowed Business Scholarship: $50,000
• Yoshi Fukasawa Excellence Fund: raising

$25,000

• 100% Powered-by-Us participation

Issue: “Looming” Tech Needs

• Classroom Projectors: $75,000
• Einstein’s Stock Ticker: $20,000
• STAR Lab computers: $25,000

Issue: AACSB 25% Salary

Issue: Retirements and Salary

• Approximately 33% of faculty 60+
• Example: Assoc Prof Dr. Phil Wilson
• Current salary: $106,506
• AACSB 25th percentile for Asst Prof:
• All Faculty: $107,500
• “New hires:” $110,000

Issue: Class Sizes and Growth

• Lower Division
• BUAD 1033 – 64
• ECON 2000s – 51
• ACCT 2000s – 28
• MIS 2003 – 41
• Upper Division
• ACCT – 23
• ECON – 32
• BUAD (Stats) – 46
• FINC – 28
• Lower Division
• BUD 1033 – 64
• ECON 2000 – 51
• ACCT 200s – 28
• MIS 2003 – 41
• Upper Division
• LSBA – 40
• MGMT – 32
• MIS – 30
• MKTG – 29

Faculty Overloads, Summer Teaching and Class Sizes

• Summer I
• 3 Lower – 43
• 12 Upper – 279
• 2 MBA – 39
• Summer II
• 1 Lower – 11
• 10 Upper – 216
• 2 MBA – 51

Issue: Soft Money / Hard Lines

• Dillard Energy professor may be hired this year

requiring fully-funding dean’s salary in future

• Mr. Dunkerley and Ms. White: $160,000 plus

fringe annually

42259 2203 12 Dist Prof Energy Mgmt FY16 FY17 FY18 FY19 Faculty Salaries Budget Pool $115,000.00 $116,150.00 $56,995.00 $58,078.00 Fringe $25,537.00 $24,192.00 $10,421.00 $10,550.00 M&O $2,500.00 $2,500.00 $2,500.00 $2,500.00 Total $143,037.00 $142,842.00 $69,916.00 $71,128.00

Summary

• No immediate funding needs … but some

looming tech issues

• Latent salary issues that retirements are likely

to exacerbate

• Growth = more faculty lines almost immediately