UM System releases report on savings

8 months 1 week 17 hours ago Friday, December 09 2016 Dec 9, 2016 Friday, December 09, 2016 1:56:00 PM CST December 09, 2016 in News
By: Zach Groppe, KOMU 8 Reporter
loading

COLUMBIA – The University of Missouri System came out with a report Thursday that shows how much the system saves on costs at the four schools and UM Health Care System.

The Efficiencies and Effectiveness report included an analysis that shows what the cost would be for the four universities to replicate services provided by the system to them.

“This report specifically had an analysis that showed that it would cost an additional 80 to 90 million dollars annually for the campuses collectively to replicate the services currently provided by the UM System,” University of Missouri System Assistant Director for Strategic Communications Kelly Wiemann said.

Other things the system provides to all schools are cooperative academic programs, serve as a unified voice for higher education in Missouri, and ensure that all 4 campuses and health system can meet corporate responsibilities through shared services.

“All the finance functions that are necessary to run a multi-billion-dollar enterprise, that includes budget and planning, accounting, facilities planning and development, management services, supply chain, treasury, by performing these treasury functions at the system level centrally that saves, right there, 10.1 million dollars a year,” Wiemann said.

Wiemann also said the system spends 39 percent less than other schools, which allows the system to focus on and put more money into the academics the system provides.

“With the cost savings that we’re able to generate from these proficiencies we’re able to allot more of our resources directly to our academic mission. Our teaching. Our research. Our service and our economic development,” Wiemann said.

She also said that even with this report the system will continue to look for more opportunities to reduce administrative costs.

More News

Grid
List
COLUMBIA - MarineParents.com, which is based in Columbia, helped grant a mother's wish for her fallen Marine, Cody Haley. 780... More >>
1 hour ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 7:21:00 PM CDT August 17, 2017 in News
JEFFERSON CITY - Opponents of Missouri's right-to-work law are one step closer to having it delayed. A coalition of unions... More >>
1 hour ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 6:40:00 PM CDT August 17, 2017 in News
COLUMBIA - Hotels in Columbia are already over 95 percent full for the upcoming eclipse weekend. Megan McConachie, Strategic... More >>
1 hour ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 6:32:00 PM CDT August 17, 2017 in News
CLINTON (AP) — A man accused of providing the weapon used to kill a western Missouri police officer is facing... More >>
2 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 6:23:00 PM CDT August 17, 2017 in News
JEFFERSON CITY - It just got a lot easier to serve alcohol over the forthcoming eclipse weekend in Jefferson City.... More >>
3 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 5:16:00 PM CDT August 17, 2017 in News
PETTIS COUNTY - A man was shot and killed at a trailer park outside the Sedalia city limits Thursday afternoon,... More >>
3 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 5:12:00 PM CDT August 17, 2017 in News
BOONE COUNTY - A toddler and mother were thrown from a car and two other people were hurt in a... More >>
3 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 5:02:00 PM CDT August 17, 2017 in News
SEDALIA (AP) — Missouri's Republican House Speaker Todd Richardson says he's considering running for state auditor. Richardson told The... More >>
5 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 3:17:32 PM CDT August 17, 2017 in News
SEDALIA - Sen. Roy Blunt agreed with some of President Trump's comments on Charlottesville, Virginia and condemned white supremacists on... More >>
5 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 3:02:00 PM CDT August 17, 2017 in Continuous News
SEDALIA — Democratic U.S. Sen. Claire McCaskill and her potential Republican rival Attorney General Josh Hawley are meeting at the... More >>
5 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 2:46:00 PM CDT August 17, 2017 in News
ST. LOUIS (AP) — The Missouri lawmaker who posted and later deleted a Facebook comment saying she hoped for... More >>
6 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 1:47:00 PM CDT August 17, 2017 in News
MARSHFIELD (AP) — A search warrant that has been unsealed recently gives details about what authorities are calling a murder-suicide... More >>
8 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 12:06:43 PM CDT August 17, 2017 in News
COLUMBIA — Columbia Police officers arrested one person and are looking for a second in connection with a home invasion... More >>
10 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 9:53:00 AM CDT August 17, 2017 in News
ST. LOUIS (AP) — The American Civil Liberties Union alleges in a lawsuit that a suburban St. Louis police department... More >>
12 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 8:25:00 AM CDT August 17, 2017 in News
ST. LOUIS (AP) — A 19-year-old man has been acquitted of killing and attempting to rob a suburban St. Louis... More >>
12 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 8:18:00 AM CDT August 17, 2017 in News
JEFFERSON CITY - About 300 incoming freshmen at Lincoln University will be busy doing community service around town Thursday morning.... More >>
12 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 8:17:00 AM CDT August 17, 2017 in News
CLAYTON, Mo. (AP) — A Missouri man has been sentenced to 30 years in prison for fatally beating his uncle... More >>
12 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 8:13:00 AM CDT August 17, 2017 in News
COLUMBIA - Police arrested a man Wednesday night after a fight between him and two others, after which the suspect... More >>
12 hours ago Thursday, August 17 2017 Aug 17, 2017 Thursday, August 17, 2017 8:12:00 AM CDT August 17, 2017 in Continuous News
Columbia, MO
Broken Clouds 74°
9pm 72°
10pm 70°
11pm 68°
12am 67°