CHART: A comparison of yearly UM System operational costs

February 13, 2013 | 3:56 p.m. CST
The Joint Committee on Education released the new draft model for funding higher education based on performance Feb. 4. The model, similar to the formula used for funding public school districts, is broken down into six core operational costs for each school. All four schools in the University of Missouri System were grouped together.

As part of the draft, the formula listed the target operational costs for 2013, with a total cost listed as $1.97 billion. The simulation did not include expenses related to residence halls, hospital services, bookstores and other revenue-generating operations.