ºÚÁÏÉçÇø

Budget Environment

The State of Ohio biennial operating budget for the FY 2024 – FY 2025 included a 1% increase in the State Share of Instruction, with ºÚÁÏÉçÇø anticipating a 5% increase compared to FY 2024.

Tuition revenues for all campuses are budgeted to reflect a increase compared to FY 2024. The budget included investments in faculty/staff compensation and ºÚÁÏÉçÇø financial aid.

The data described below reflects the budget as revised by the ºÚÁÏÉçÇø Board of Trustees at its June 28, 2024 meeting.

2024-2025 Budget Assumptions

Overall Budget – All Campuses

The FY 2025 Educational and General (E&G) revenue budget increased $23.2 million or 4% compared to FY 2024. The FY 2025 Auxiliary Enterprises budget increased $2.6 million or 1.7%. ºÚÁÏÉçÇø’s FY 2025 revenue budget for all funds is $755.4 million or roughly $2,069,489 per day.

Revenues($755,363,326)

The FY 2025 University revenue budget is comprised as follows:

• 48.9% | Student Tuition and Fee
• 20.8% | Auxiliary Enterprises
• 11.6% | State Appropriations
• 18.7% | Contracts, Sales & Services, Temporary Investments, Endowment Income, Gifts, and Transfers In

Expenditures($755,363,326)

The FY 2025 University expenditure budget is comprised as follows:

• 41.8% | Instructional Research, Public Service, Academic & Student Support
• 16.7% | Auxiliary Enterprises
• 6.7% | Scholarships and Financial Aid
• 19.6% | Institutional Support and Plant Operation & Maintenance
• 15.2% | Debt Service and Other Transfers

Oxford Campus

The budget assumed a first year class of 4,158 ºÚÁÏÉçÇøs. Sixty-three point four percent (63.4%) of the incoming class are expected to be Ohio residents, while thirty-six point six percent (36.6%) are expected to come from outside of Ohio.

The FY 2025 budget continued the Miami Tuition Promise for Oxford campus undergraduate ºÚÁÏÉçÇøs. The Miami Tuition Promise provides all first-time ºÚÁÏÉçÇøs and their families the certainty that tuition, special purpose fees, course fees and room and board charges will not increase over the ensuing four academic year period from their first enrollment as a degree seeking ºÚÁÏÉçÇø. Tuition for the fall 2024 Tuition Promise cohort is budgeted as a one-time increase over fall 2023 of three percent (3.0%) for non-resident and two percent (2.0%) for resident. Tuition for continuing ºÚÁÏÉçÇøs is budgeted to remain flat for non-residents and for residents.

Noteworthy changes in budgeted expenses include a salary increment pool of three percent (3%) along with a $24.8M in planned underspending in salaries and benefits.

Regional Campuses

Tuition for continuing ºÚÁÏÉçÇøs is budgeted to increase three percent (3%) for non-residents and three percent (3.0%) for residents. Noteworthy changes in budgeted expenses include a salary increment pool of three percent (3%) and planned underspending in salaries and benefits of $4.9 million.

Budget Document

An electronic version of the annual Operating Budget can be obtained by contacting the University Budget Office. The University Budget Office welcomes your feedback on any exhibits and charts and is available to address any questions about the University’s budget.

University Budget Office Staff

• David Ellis, Associate Vice President for Budgeting & Analysis
• Jeff Pidcock, Director of Budgeting & Business Transformation
• Denny Sundermeier, Senior Budget Analyst
• Qi Zhang, Senior Budget Analyst