Show Me Value
The University of Missouri System is steadfast in its commitment to be responsible stewards of university assets and resources.
UM System realized $48 million in improved efficiencies and operating effectiveness measures in FY 2014: $26.1 million came from the refinancing/restructuring of existing debt, sound management of the general pool enabled the issuance of a first-time $9.6 million dividend, implementation of a physician-driven value analysis program to evaluate the use of medical and surgical supplies achieved a savings of $9.3 million, and the adoption of an electronic Personnel Action Form saved $2.5 million in annual costs. Since 2009, the university’s cumulative savings and revenue enhancements have totaled nearly $450 million.
These cost savings allow more resources for core mission areas and strategic priorities, including helping to keep the cost of education affordable and a college degree attainable for Missourians.
UM System’s institutional support expenditures—which include general administrative services, executive management, legal and fiscal operations, public relations, development, and central operations for the physical plant—were 21 percent less than the national average of public doctoral universities.
In addition, while institutional support expenditures nationally declined 4 percent from 2008 to 2010, the university’s expenditures declined by 9 percent. This data is based on an analysis of national statistics collected by the Integrated Postsecondary Education Data System.