Post on 08-Feb-2016
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UW-Platteville Financial OverviewNovember 2012
Robert Cramer - Vice ChancellorCathy Riedl-Farrey - Director, Financial Services
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• Summary of Funding Sources• UW-Platteville Financial Update
– 2011-12 Closing Balances (June 30, 2012)– Utilities– 2012-13 All Funds Budget– Tuition and enrollment– Budget Forecast model– TSI Detail– Debt Service Detail
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• General Purpose Revenue (GPR) – includes general funding, specific purpose funding, and earmarked funding from the state, primarily from state sales and income taxes
• Program Revenue (PR) – includes tuition, auxiliaries, and segregated fees, as revenues received for services or from users
• Federal Revenue (PR-F) – includes federal grants, financial aid, direct loans, as revenues from a federal agency
• Segregated Funds (SEG) – includes transportation fund and other separate state accounts, credited by law to a specific state fund
• Gifts and Grants – includes revenues from the Foundation, non federal grants
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UW-Platteville Financial Update
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FY2011-12 Closing BalancesAll Funds Summary (Cash Basis)• Beginning Cash $ 23,128,452 (7/01/2011 rev)• Total Revenue $128,276,751• Total Expenses $126,913,276• Net Income $ 1,363,475
– Excluding direct student loan amounts• Closing Balance $ 24,491,927 (6/30/2012)
Select Fund Balances• Fund 102 $4,721,950
(General operations, tuition revenue, base of $47 million)• Fund 123 $4,001,400 (Debt service, $4
M base)• Fund 128 $4,096,650
(Dining, housing, parking, base of $25 million)• Fund 131 $8,474,838
(DLC, School of Ed Cost Recovery, TSI, base of $15 million)• Fund 136 $1,693,089
(Similar to 128, HTCP, camps & conferences, base of $3.7 million)
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Carry Over Balances by College/Division
Chancellor & Diversity 74,763.00 Provost 110,340.00 Administrative Services 383,480.00 Graduate Studies & Library 40,518.00 Student Affairs 39,840.00 Advancement/Development 222,100.00Admissions & Enrollment Services 48,262.00 LAE 52,212.00 BILSA 171,683.00 EMS 700,654.00 Budget Lapse 312,841.00 Grand Total Carryover*** 2,156,693.00
***Excludes accounts that automatically carryover (i.e. Fund 128, 136, some 131)
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Utility Update
Electricity Gas Coal -
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
FY11 ActualFY12 Actual
• FY12 – PLT under budget by $911,000; System wide - $7.6 million• Highest savings in the UW System• Savings was kept centrally by UW System• Future savings distribution still being discussed
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2001-02 Budget
Tuition$16,185,195
22%
Auxiliary Enterprises$20,714,713
29%
Specific Purpose Tax Dollars
$5,868,0198%
General Purpose Tax Dollars
$23,786,91332%
Extension$795,229
1%
Gifts and Grants$839,192
1%
State funding of 40%
Final 2001-2002 UW-Platteville Budget $73.6 Million
Federal$5,454,8337%
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2012-13 Budget
Final 2012-2013 UW-Platteville Budget $172.6 Million (all funds)
Final 2012-2013 UW-Platteville Budget$126.1 Million (excluding federal aid)
General Pur-pose Tax Dol-
lars17004951
13%
Specific Pur-pose Tax Dol-
lars11452271
9%
Tuition53804157
43%
Federal1646700
1%
Gifts and Grants
13149001%
Auxiliary En-terprises
4024233532% Extension
6161850%
State Funding of 22%
State Funding of 17%
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Financial Forecast Assumptions
• Revenue modeling to project available funds from the state, TSI, and tuition (traditional undergrads and grads)
• Key variables are tuition, enrollment and state support• Assumes 3.0% increases in tuition annually• Assumes flat enrollment at Fall 2012 levels except for TSI• Assumes TSI growth to 1705 in FY2016-17• Assumes TSI faculty & staff growth maintaining the current faculty/staff to
student ratio of TSI• Assumes flat general purpose revenue excluding lapse• Assumes lapses of $174 million in 2011-13 and $300 million 2013-15 statewide
with allocation as proposed in 2011-13• Assumes 2% pay plan for TSI expenditures for 13-14 forward; Assumes GPR pay
plan funded by state so no cost factors included• Assumes TSI incentive grant will be for new students only starting in Fall 2013.
No continuing student grants.
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Tuition Target for Pooled Revenue=$33,435,359 Variance
Original Estimate 5.2012 $35,218,000 $1,783,000
Fall 2012 $36,536,000 $3,100,000
Spring 2013
TSI Estimate 5.2012 $13,405,000 -
Fall 2012 $14,400,000 $995,000
Spring 2013
Tuition Revenue
Note – these figures exclude distance learning, study abroad, and school of education cost recovery students
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EnrollmentOriginal
Fall Billing FTE
Fall 2012 Billing FTE
OriginalSpring Billing
FTE [90%]
Spring 2013 Billing FTE
Undergrad Resident 5,375 5,514 4,837
Undergrad NonRes 118 180 106
Graduate Resident 116 95 104
Graduate NonRes 23 26 21
Subtotal Pooled Enrollment 5,632 5,815 5,068
TSI Enrollment 1,370 1,472 1,233
Total Pooled & TSI Enrollment 7,002 7,287 6,301
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Budget Forecast ModelProjected Closing Balances
FY2013 FY2014 FY2015 FY2016 FY2017
With $300M Lapse and $1.6M plan [June 15, 2012] 4,272,630 479,169 (2,181,148) (5,499,997) (8,885,092)
With $174M Lapse and $1.6M plan
8,372,476 6,735,993 6,128,601 5,445,374 4,692,248
Additional Requests
12,236,000 14,244,000 13,090,000 14,9367,000 15,260,000
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TSI Budget Detail 2011-12 2012-13 2013-14 Count Actual Count Projected Count Projected
Revenue 1,301 12,602,713 1,472 13,401,000 1,580 15,760,000
Expenses: Salary & Fringe 159 8,751,138 164 10,863,265 179 12,383,000Supplies 576,216 798,008 760,000Debt 2,070,000 2,070,000 2,070,000Incentive Grants 824,338 895,000 500,000Carryover 555,377 273,169
Total Expenses: 12,777,069 14,899,442 15,713,000
Note: 34 positions were formerly GPR funded
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Unclassified FTE by division (all funds)Division Allocated
FY13Filled as of 10.22.12
Chancellor 25.07 24.37Provost 58.67 49.39Assoc Vice Chancellor 17.83 16.83
Administrative Services 43.55 37.30
Admissions 22.00 19.50Diversity 16.75 14.80Student Affairs 30.21 30.00University Advancement 15.00 14.00
BILSA 94.27 96.02LAE 164.32 164.58EMS 143.23 141.07Total 630.90 607.86
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Classified FTE by division (all funds)Division Allocated
FY13Filled as of 10.22.12
Chancellor 5.00 5.00Provost 20.32 20.32Assoc Vice Chancellor 14.50 14.50
Administrative Services 188.68 182.68
Admissions 9.50 9.50Diversity 4.00 4.00Student Affairs 26.00 26.00University Advancement 11.00 10.00
BILSA 8.50 8.50LAE 14.00 14.00EMS 11.75 11.75Total 313.25 306.25
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Debt Service• UW-Platteville has two types of debt service on
facilities– General Fund Borrowing is funded through state
appropriations of general purpose revenue– Program Revenue Borrowing is funded through
University revenues including TSI• Debt is issued centrally by the State• 20 year bonds are typical
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Debt Service DetailDescription Fund
FY2011 Budgeted
FY2012 Budgeted
FY2013 Budgeted
Bond End Date
General Fund 110 5,462,888 3,590,333 7,463,788 Parking 123 227,300 204,400 265.200 FY2030PAC 123 12,726 12,716 - FY2012Fieldhouse Addition 123 319,294 430,704 380,807 FY2031Children's Center 123 35,842 36,092 35,854 FY2020Pioneer Student Center 123 919,251 926,966 934,511 FY2021Residence Halls 123 1,913,710 1,919,439 2,160,374 FY2032Stadium 123 154,771 155,808 156,287 FY2025Food Service/Union 123 428,239 441,453 439,809 FY2031Chancellor's Residence 123 15,241 15,360 15,289 FY2019Subtotal 123 4,026,374 4,142,938 4,388,131 TSI 194 2,070,000 2,070,000 2,070,000 FY2031 Grand Total Debt Service 11,559,262 11,675,826 13,921,919
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• Proceed with Strategic Planning• Research and develop different budget
process• Budget request form http://
www.uwplatt.edu/business/forms.html• Budget submissions are due December 15th
through your division leader
Questions and Next Steps