… in the Minneapolis Star Tribune notes that the most charitable description of what’s been going on at the clubby University of Minnesota medical school would be “bizarre.”
Tuesday, March 15, 2011
On Skyrocketing Administrative Costs
University of Minnesota
The new corporate University has numerous executives (administrators) with extravagant compensation. The amount devoted to "institutional support" (also known as costs of administration) exploded at the University from $108.9 million for fiscal year 2005 to $234.3 million for fiscal year 2010.
The category of "institutional support" includes (1) compensation and benefits and (2) supplies and services. The Table below shows the explosion of these costs.
|University of Minnesota Institutional Support (Costs of Administration) |
|Compensation and |
|$96.5 M||$118.3 M||$172.9 M|
|Supplies and |
|$12.4 M||$31.0 M||$61.4 M|
Source: see p. 26 and p. 61 of the 2005 annual financial statement at http://www.finsys.umn.edu/controller/um_annualrpt2005.pdf; see p. 19 and p. 62 of the 2007 annual financial statement at http://www.finsys.umn.edu/controller/um_annualrpt2007.pdf ; see p. 12 and p. 73 of the 2010 annual financial statement at http://www.finsys.umn.edu/controller/um_annualrpt2010.pdf.
Mr. Michael McNabb's series on the Corporate University has received wide attention within and without the University of Minnesota. Visitors from universities outside Minnesota - especially Penn State and even from overseas - have been frequent.
Some revisions of the series have occured over time, such as the table above. For links as well as other material these posts should be consulted.
at 10:18 AM