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.