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University of Central Missouri
Administration 302
Warrensburg, MO 64093
Phone: 660-543-4640
Fax: 660-543-4943



salaryincreases

Increase in UCM Faculty, Staff Salaries Approves for FY16

Contact: Jeff Murphy
WARRENSBURG, MO (May 1, 2015) – Recognizing the contributions faculty and staff continue to make toward progress at the University of Central Missouri, the Board of Governors on April 30 approved a salary increase of 1.3 percent or a minimum of $600 annually per employee, whichever is greater. Effective July 1, 2015 the salary increase comes amidst modest projected growth in state of Missouri appropriations that the board also considered in adopting the Fiscal Year 2016 budget.

“UCM has experienced both static and minimal increases in state funding over the past several years, creating financial challenges for the institution,” said UCM President Charles Ambrose, “but the university has made outstanding progress thanks to the dedication and commitment of our faculty and staff. It is important to recognize our employee contributions, particularly at a time when rising cost of living affects their families.”

Board action followed a presentation by Ron Core, Ph.D., interim senior vice president for finance and administration.  He noted that salaries were considered as part of two budget scenarios, with the one considered by the board based on a projected increase in state appropriations of 1.19 percent. The salary increase will be pro-rated for employees who do not have full-time equivalent (FTE) positions, including part-time. Total cost of these increases to the university is approximately $1.24 million.

In discussion with regard to the FY16 budget approved by the board, Core said the 1.19 percent increase in state appropriations would mean an additional $656,169 for the university. This amount takes into consideration the governor’s annual 3 percent withholding of funds for state reserve, and the assumption that the university meets performance funding metrics. Total revenues included in the budget are $154.7 million. Of this amount,
$97.8 million will go toward salaries and benefits. A .8 percent increase in tuition, and anticipated enrollment growth of 2 percent also are factored into overall revenue.