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UNIVERSITYof HAWAIi®
SYSTEM
HIvHSI;Y 3F HAtAHEOAkD OF REGENI S
16 MAY12 P2:19
Kalbert K. YoungVice President for Budget and Finance
Chief Financial Officer
May 12, 2016
Attached is the FY16 Third Quarter Financial Report for the period endingMarch 31, 2016 for the University of Hawai’i System. This report is aninformation item for discussion at the Budget and Finance Committee meetingon May 18, 2016.
To complement this Third Quarter Financial Report a slide deck presentationwhich summarizes a high-level analysis fo the report is also included. The VicePresident for Budget and Finance is anticipated to present this as an agendaitem before the committee and will be available for any questions of members.
Attachments
c: University Budget Office (wlo Attachments)University Controller (w/o Attachments)
2444 Dole Street, Bachman Hall, Room 201Honolulu, Hawai’i 96822
Telephone: (808) 956-8903 • Fax: (808) 956-5286
An Equal Opportunity/Affirmative Action Institution
Jan Sullivan, ChairBudget and Finance Committee
David LassnerPresident
TO:
VIA:
FROM:
SUBJECT:
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Kalbert K. YoungVice President for
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iet and Finance/Chief Financial Officer
FY 16 Third Quarter Financial Report as of March 31, 2016
Report to the University of Hawaii Board of Regents Committee on Budget and Finance
FY 2016 Quarterly Financial Report for General, Special and Revolving Funds
For the Period Ending March 31, 2016
Page 1 of 49
Summary of Actual Revenue & Expenditures, Unencumbered Cash by Campus
Page 2 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Rev, Exp, Unenc Cash
FY 2015
Sub-FundRevenue/
AppropriationExpenditures/
Transfers Balance Cash EncumbrancesUnencumbered
Cash 2/5%
(Exec Policy)16%
(BOR Policy)
Unencumbered Cash as of 03/31/15
UH MānoaGeneral Funds $223,007,041 $171,270,276 $51,736,765 $51,736,765 $30,364 $51,706,401 n/a n/a $45,752,960
Tuition and Fees Special Fund $18,866,039 $229,263,987 $132,609,213 $115,520,813 $109,188,511 $9,216,174 $99,972,337 $21,378,838 $68,412,280 $75,851,108Other Special Funds 3/ $81,171,740 $86,678,852 $130,883,811 $36,966,781 $36,691,144 $9,652,171 $27,038,974 $4,469,442 $14,302,215 $24,542,025
Research and Training Revolving Fund $19,135,420 $15,055,888 $24,225,788 $9,965,520 $10,061,051 $1,500,332 $8,560,718 $1,726,491 $5,524,771 $20,084,723Other Revolving Funds $13,765,320 $27,024,373 $17,277,708 $23,511,985 $23,019,816 $1,935,073 $21,084,742 $1,310,918 $4,194,939 $18,679,564
Total, UH Mānoa $132,938,519 $581,030,140 $476,266,796 $237,701,864 $230,697,287 $22,334,114 $208,363,172 $28,885,689 $92,434,205 $184,910,380
UH HiloGeneral Funds $32,904,965 $23,669,953 $9,235,012 $9,235,012 $34,258 $9,200,753 n/a n/a $7,165,711
Tuition and Fees Special Fund $15,837,003 $36,259,583 $22,158,556 $29,938,030 $30,098,950 $2,750,360 $27,348,590 $3,461,024 $11,075,278 $26,926,226Other Special Funds 3/ $4,791,127 $8,776,204 $12,404,945 $1,162,386 ($88,681) $626,961 ($715,643) $376,152 $1,203,688 ($1,424,916)
Research and Training Revolving Fund $463,308 $1,872,851 $3,256,778 ($920,619) ($919,071) $73,637 ($992,708) $153,049 $489,757 ($198,160)Other Revolving Funds $2,068,411 $2,174,219 $1,533,924 $2,708,706 $2,691,963 $163,202 $2,528,761 $122,437 $391,798 $2,517,365
Total, UH Hilo $23,159,849 $81,987,822 $63,024,156 $42,123,515 $41,018,172 $3,648,419 $37,369,753 $4,112,662 $13,160,520 $34,986,226
UH West O‘ahuGeneral Funds $14,310,281 $10,601,441 $3,708,840 $3,708,840 $9,395 $3,699,444 n/a n/a $4,400,003
Tuition and Fees Special Fund $4,919,471 $14,732,947 $11,529,189 $8,123,229 $7,809,584 $933,814 $6,875,769 $1,127,025 $3,606,479 $4,526,890Other Special Funds 3/ $792,672 $443,401 $13,606 $1,222,467 $1,222,416 $39,576 $1,182,841 $19,644 $62,862 $646,556
Research and Training Revolving Fund $88,488 $70,102 $64,683 $93,906 $93,906 $65,000 $28,906 $3,377 $10,807 $13,214Other Revolving Funds $704,414 $820,723 $328,047 $1,197,090 $1,146,773 $23,735 $1,123,039 $24,603 $78,729 $818,529
Total, UH West O‘ahu $6,505,045 $30,377,454 $22,536,967 $14,345,531 $13,981,519 $1,071,520 $12,909,999 $1,174,649 $3,758,877 $10,405,191
Community CollegesGeneral Funds $125,637,803 $88,968,336 $36,669,467 $36,669,467 $0 $36,669,467 n/a n/a $28,056,095
Tuition and Fees Special Fund $13,496,533 $66,395,617 $50,075,589 $29,816,560 $27,457,085 $4,591,456 $22,865,629 $9,229,952 $29,535,845 $22,542,620Other Special Funds $25,620,263 $11,837,948 $12,463,877 $24,994,335 $25,928,273 $4,389,821 $21,538,452 $806,682 $2,581,383 $20,049,428
Research and Training Revolving Fund $2,440,709 $1,338,903 $1,329,609 $2,450,002 $2,450,382 $186,273 $2,264,109 $83,863 $268,360 $2,977,262Other Revolving Funds $2,832,094 $2,142,477 $1,770,159 $3,204,412 $3,173,281 $304,726 $2,868,555 $112,747 $360,789 $2,811,436
Total, Community Colleges $44,389,598 $207,352,748 $154,607,571 $97,134,775 $95,678,487 $9,472,276 $86,206,211 $10,233,243 $32,746,378 $76,436,841
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsSummary of Actual Revenue & Expenditures, Unencumbered Cash by Campus
For Period Ending March 31, 2016
FY 2016 Reserve Targets 1/Revenue/Expenditures YTD FY 2016 07/01/15
CarryforwardCash
Unencumbered Cash as of 03/31/16
Page 3 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Rev, Exp, Unenc Cash
FY 2015
Sub-FundRevenue/
AppropriationExpenditures/
Transfers Balance Cash EncumbrancesUnencumbered
Cash 2/5%
(Exec Policy)16%
(BOR Policy)
Unencumbered Cash as of 03/31/15
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsSummary of Actual Revenue & Expenditures, Unencumbered Cash by Campus
For Period Ending March 31, 2016
FY 2016 Reserve Targets 1/Revenue/Expenditures YTD FY 2016 07/01/15
CarryforwardCash
Unencumbered Cash as of 03/31/16
Systemwide ProgramsGeneral Funds $41,542,249 $27,990,183 $13,552,066 $13,552,066 $90,368 $13,461,698 n/a n/a $11,666,303
Tuition and Fees Special Fund $7,767,702 $555,540 ($942,679) $9,265,921 $9,260,693 $3,105,618 $6,155,075 $1,988,855 $6,364,334 $4,709,148Other Special Funds $12,554,362 $4,638,415 $2,405,942 $14,786,835 $14,498,909 $1,233,287 $13,265,622 $227,291 $727,330 $12,096,835
Research and Training Revolving Fund 4/ $553,759 $16,625,483 $9,664,614 $7,514,629 $10,316,185 $1,962,818 $8,353,368 $595,025 $1,904,080 ($8,083,723)Other Revolving Funds $2,509,479 $937,822 $733,960 $2,713,341 $2,713,341 $256,989 $2,456,352 $28,259 $90,427 $2,346,210
Total, Systemwide Programs $23,385,302 $64,299,509 $39,852,021 $47,832,791 $50,341,194 $6,649,080 $43,692,114 $2,839,429 $9,086,172 $22,734,773
UH SYSTEM TOTALSGeneral Funds $437,402,339 $322,500,191 $114,902,148 $114,902,148 $164,385 $114,737,763 n/a n/a $97,041,072
Tuition and Fees Special Fund $60,886,748 $347,207,673 $215,429,867 $192,664,553 $183,814,823 $20,597,422 $163,217,401 $37,185,693 $118,994,216 $134,555,992Other Special Funds $124,930,165 $112,374,820 $158,172,181 $79,132,803 $78,252,062 $15,941,816 $62,310,246 $5,899,212 $18,877,477 $55,909,927
Research and Training Revolving Fund $22,681,684 $34,963,226 $38,541,472 $19,103,438 $22,002,452 $3,788,061 $18,214,392 $2,561,805 $8,197,776 $14,793,316Other Revolving Funds $21,879,718 $33,099,615 $21,643,799 $33,335,534 $32,745,173 $2,683,725 $30,061,448 $1,598,963 $5,116,682 $27,173,104
GRAND TOTAL, UH SYSTEM $230,378,314 $965,047,673 $756,287,511 $439,138,476 $431,716,658 $43,175,409 $388,541,250 $47,245,672 $151,186,152 $329,473,410
1/ Calculated as 5% or 16% of FY 2015 Expenditures/Transfers. (For TFSF, calculated as 5% or 16% of General Fund and TFSF Expenditures/Transfers.)2/ Operating reserves, to be compared to the FY 2016 Reserve Targets as defined by Executive/BOR policies.3/ Includes expenditures for tuition scholarships. These expenditures are covered by a transfer of cash from the TFSF in the 4th Quarter.4/ In SLH2009 & SLH2010, $5.5 million was swept by the Legislature in RTRF funds. VPRI office (Systemwide Programs) will repay this out of their allocation over a 22 year period as to not impact the campuses.
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Revenue by Campus
Page 5 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Rev
Sub-FundProjectedRevenue
Quarter 1Actual
Quarter 2Actual
Quarter 3Actual
Quarter 4Actual
ActualRevenue
% of Projected
Actual Revenue as of 03/31/15
% of Totalfor FY FY15 Total
UH MānoaTuition and Fees Special Fund (see Note) $220,169,550 $120,065,710 $80,674,113 $28,524,164 $0 $229,263,987 104% 1/ $218,335,829 102% 214,837,431 Other Special Funds $108,286,947 $40,611,001 $27,137,656 $18,930,195 $0 $86,678,852 80% $88,959,700 88% 100,532,788
Research and Training Revolving Fund $29,682,406 $7,534,373 $0 $7,521,514 $0 $15,055,888 51% 2/ $26,297,979 79% 33,134,222 Other Revolving Funds $29,440,500 $13,148,374 $9,949,138 $3,926,861 $0 $27,024,373 92% 3/ $27,319,388 103% 26,523,363
Total, UH Mānoa $387,579,403 $181,359,458 $117,760,907 $58,902,734 $0 $358,023,099 92% $360,912,897 96% 375,027,804
UH HiloTuition and Fees Special Fund (see Note) $37,308,249 $19,023,434 $15,993,979 $1,242,170 $0 $36,259,583 97% 1/ $36,654,077 98% 37,443,534 Other Special Funds $7,342,246 $3,533,291 $3,026,370 $2,216,543 $0 $8,776,204 120% 4/ $9,124,847 121% 7,565,906
Research and Training Revolving Fund $3,828,502 $936,426 $936,426 $0 $0 $1,872,851 49% 5/ $2,310,493 82% 2,830,493 Other Revolving Funds $2,330,217 $1,135,200 $834,843 $204,176 $0 $2,174,219 93% $2,032,169 93% 2,182,928
Total, UH Hilo $50,809,214 $24,628,350 $20,791,618 $3,662,888 $0 $49,082,857 97% $50,121,586 100% 50,022,861
UH West O‘ahuTuition and Fees Special Fund (see Note) $14,402,398 $7,826,311 $6,333,542 $573,094 $0 $14,732,947 102% 1/ $13,077,867 96% 13,576,921 Other Special Funds $253,105 $92,957 $39,405 $311,039 $0 $443,401 175% $540,865 89% 609,797
Research and Training Revolving Fund $140,203 $31,301 $38,801 $0 $0 $70,102 50% $83,595 56% 148,595 Other Revolving Funds $801,661 $380,213 $322,687 $117,823 $0 $820,723 102% $758,514 95% 801,988
Total, UH West O‘ahu $15,597,367 $8,330,782 $6,734,435 $1,001,956 $0 $16,067,173 103% $14,460,841 96% 15,137,300
Community CollegesTuition and Fees Special Fund (see Note) $65,139,243 $35,385,760 $27,199,559 $3,810,298 $0 $66,395,617 102% 1/ $66,044,219 99% 66,798,904 Other Special Funds $20,555,227 $5,768,039 $2,778,483 $3,291,425 $0 $11,837,948 58% 6/ $13,087,421 71% 18,556,767
Research and Training Revolving Fund $2,677,805 $656,951 $681,951 $0 $0 $1,338,903 50% 7/ $2,855,548 100% 2,855,548 Other Revolving Funds $2,044,184 $1,091,832 $571,793 $478,853 $0 $2,142,477 105% 8/ $2,094,672 89% 2,356,836
Total, Community Colleges $90,416,459 $42,902,582 $31,231,786 $7,580,576 $0 $81,714,945 90% $84,081,860 93% 90,568,055
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for Special and Revolving FundsRevenue by Campus
For Period Ending March 31, 2016
Page 6 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Rev
Sub-FundProjectedRevenue
Quarter 1Actual
Quarter 2Actual
Quarter 3Actual
Quarter 4Actual
ActualRevenue
% of Projected
Actual Revenue as of 03/31/15
% of Totalfor FY FY15 Total
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for Special and Revolving FundsRevenue by Campus
For Period Ending March 31, 2016
Systemwide ProgramsTuition and Fees Special Fund $740,070 $287,220 $124,590 $143,730 $0 $555,540 75% $580,190 70% 824,127 Other Special Funds $2,447,950 $299,799 $509,923 $3,828,694 $0 $4,638,415 189% 9/ $5,438,867 214% 2,539,809
Research and Training Revolving Fund $13,795,779 ($4,824,275) $17,985,306 $3,464,452 $0 $16,625,483 121% 10/ $5,870,067 50% 11,854,604 Other Revolving Funds $936,700 $223,158 $210,688 $503,976 $0 $937,822 100% $538,548 35% 1,556,697
Total, Systemwide Programs $17,920,499 ($4,014,098) $18,830,507 $7,940,852 $0 $22,757,260 127% $12,427,672 74% 16,775,237
UH SYSTEM TOTALSTuition and Fees Special Fund $337,759,510 $182,588,434 $130,325,782 $34,293,456 $347,207,673 103% $334,692,183 100% $333,480,917Other Special Funds $138,885,475 $50,305,086 $33,491,838 $28,577,895 $112,374,820 81% $117,151,700 90% $129,805,067
Research and Training Revolving Fund $50,124,695 $4,334,776 $19,642,484 $10,985,967 $34,963,226 70% $37,417,682 74% $50,823,462Other Revolving Funds $35,553,262 $15,978,777 $11,889,150 $5,231,689 $33,099,615 93% $32,743,292 98% $33,421,812
GRAND TOTAL, UH SYSTEM $562,322,942 $253,207,073 $195,349,253 $79,089,007 $0 $527,645,334 94% $522,004,857 95% 547,531,257
NOTE:Tuition and Fees SF Revenue is recognized primarily in Quarter 1 (Summer and Fall sessions) and Quarter 2 (Spring session) in accordance with student registration deadlines. Most (if not all) of Quarter 4 TFSF revenue will be attributed to FY 2017 academic sessions. Adjustments to reverse out this future FY revenue are processed during the FY 2016 "13th month" accounting period. This revenue will then be reported as FY 2017 revenue in Quarter 1.This also applies to certain Other Special and Other Revolving Funds (Student Housing, Student Activities fees, etc.).
Page 7 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Footnotes - Revenue
GENERAL FOOTNOTES:
1/Tuition and Fees SF Revenue is recognized primarily in Quarter 1 (Summer and Fall sessions) and Quarter 2 (Spring session) in accordance with student registration deadlines.
MANOA FOOTNOTES:
2/RTRF revenue recording for Manoa is one quarter behind. Quarter 2 was recorded late and appears in Quarter 3. Quarter 3 also was not recorded in time and should appear in quarter 4.
3/Student Activities RF and Student Health Center RF contain student fees assessed when students register and are recognized primarily in Quarter 1 and Quarter 2 (for fall semester) and Quarters 2 and 3 (for spring semester).
HILO FOOTNOTES:
4/Housing Revenue is recognized primarily in Quarter 1 (Fall session) and Quarter 2 (Spring session) in accordance with student housing deadlines. Also, Student Housing begin recording revenue for Fall 2016 in Quarter 3, but it will be reversed and reported as deferred revenue in Quarter 4.
5/RTRF revenues were not recorded in Quarter 3. Quarter 3's revenue distribution from the Office of the Vice President for Research and Innovation was recorded on April 1, 2016 and will appear as part of Quarter 4's revenue collections.
WEST OAHU FOOTNOTES:Not applicable.
COMMUNITY COLLEGE FOOTNOTES:
6/Revenue decrease due to lower than anticipated demand for non-credit offerings by the public. The level of activity and timing of payments for the various programs that comprise the Community College Special Fund vary from year to year.
7/RTRF revenues were not recorded in Quarter 3. Quarter 3's revenue distribution from the office of the Vice President for Research and Innovation was recorded on April 1, 2016 and should appear as part of Quarter 4's revenue collections.
8/
Revenues reflected in Other Revolving Funds are related to the Student Activities RF and Conference Center RF. Revenue for the Student Activities RF is 98.8% of prior year revenue for the first three quarters of the fiscal year. Revenue for the Conference Center RF is 117.0% of the prior year revenue for the first three quarters of the fiscal year. The timing of conference center revenue may vary from year to year depending on the number of conferences, date of conference, number of attendees, or other conference requirements and is not always proportionate to the months of the fiscal year that have elapsed.
SYSTEMWIDE PROGRAMS FOOTNOTES:
9/Timing of the transfer of the Build America Bonds distribution did not occur in the same quarter as the recognized revenue. The rise in third quarter revenue is also due to an ITS contract payment received once every five years.
10/ Timing issue that RTRF revenues were realized, but the transfers to the campuses did not record in the same quarter.
Current Criteria for Footnotes:1) "% of Projected" (YTD Actual compared to annual budget) is less than 65% or greater than 85%. (Assumes that approximately 75% of budget should
be used at the end of Quarter 3.) And,2) Dollar amount of variance (YTD Actual versus 75% of budget) is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report for Special and Revolving FundsRevenue by Campus
For Period Ending March 31, 2016Footnotes
Page 8 of 49
Expenditures/Transfers by Campus
Page 9 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 Total
UH MānoaGeneral Funds
Personnel Expenditures $218,861,293 $52,666,924 $58,136,320 $59,694,728 $170,497,971 78% $161,207,383 78% $206,261,830Other Current Expenditures $4,145,748 $83,844 $472,475 $215,986 $772,305 19% 1/ $22,888 1% $3,642,204Expenditures, General Funds $223,007,041 $52,750,768 $58,608,795 $59,910,714 $0 $171,270,276 77% $161,230,271 77% $209,904,034
Tuition and Fees Special FundPersonnel Expenditures $93,661,028 $24,930,640 $19,068,476 $17,369,348 $61,368,464 66% $74,195,536 73% $101,468,229Other Current Expenditures $81,212,644 $20,619,013 $18,477,179 $21,525,450 $60,621,642 75% $63,044,815 85% $74,145,714Transfers $44,041,148 $2,092,411 $5,156,876 $3,369,820 $10,619,107 24% 2/ $8,310,808 20% $42,058,776Expenditures/Transfers, TFSF $218,914,821 $47,642,063 $42,702,531 $42,264,618 $0 $132,609,213 61% $145,551,159 67% $217,672,719
Other Special FundsPersonnel Expenditures $43,220,322 $10,392,031 $10,248,945 $9,986,138 $30,627,115 71% $29,538,276 73% $40,199,568Other Current Expenditures $107,204,603 $31,159,525 $20,997,278 $33,586,861 $85,743,663 80% $65,643,312 80% $81,657,277Transfers ($43,475,848) $15,437,510 ($5,621,248) $4,696,771 $14,513,032 -33% 3/ $15,987,833 -49% ($32,468,001)Expenditures/Transfers, Other Special Funds $106,949,077 $56,989,066 $25,624,975 $48,269,770 $0 $130,883,811 122% $111,169,421 124% $89,388,844
Research and Training Revolving FundPersonnel Expenditures $5,443,698 $2,600,623 $2,231,638 $2,123,915 $6,956,176 128% 4/ $8,544,144 68% $12,574,503Other Current Expenditures $25,998,725 $4,665,179 $5,424,887 $4,570,126 $14,660,192 56% 5/ $13,235,788 68% $19,591,792Transfers ($54,021) $1,448,123 ($5,457) $1,166,755 $2,609,421 -4830% 6/ $2,049,317 87% $2,363,526Expenditures/Transfers, RTRF $31,388,402 $8,713,925 $7,651,067 $7,860,796 $0 $24,225,788 77% $23,829,249 69% $34,529,822
Other Revolving FundsPersonnel Expenditures $7,838,857 $1,911,484 $1,890,788 $1,818,510 $5,620,782 72% $5,794,897 75% $7,746,214Other Current Expenditures $20,068,858 $3,376,124 $4,159,477 $4,135,700 $11,671,300 58% 7/ $13,150,016 72% $18,355,647Transfers $0 $23,517 ($6,749) ($31,142) ($14,374) budget=0 $176,000 151% $116,505Expenditures/Transfers, Other Revolving Funds $27,907,714 $5,311,124 $6,043,516 $5,923,068 $0 $17,277,708 62% $19,120,913 73% $26,218,366
Total, UH MānoaPersonnel Expenditures $369,025,197 $92,501,702 $91,576,166 $90,992,639 $0 $275,070,507 75% $279,280,236 76% $368,250,344Other Current Expenditures $238,630,578 $59,903,684 $49,531,296 $64,034,123 $0 $173,469,102 73% $155,096,819 79% $197,392,634Transfers $511,280 $19,001,561 ($476,578) $9,202,203 $0 $27,727,186 5423% $26,523,958 220% $12,070,805Total Expenditures/Transfers $608,167,055 $171,406,946 $140,630,884 $164,228,965 $0 $476,266,796 78% $460,901,012 80% $577,713,784
Sub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
Page 10 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 TotalSub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
UH HiloGeneral Funds
Personnel Expenditures $32,767,944 $7,683,052 $7,989,413 $7,938,754 $23,611,219 72% $23,361,975 76% $30,895,008Other Current Expenditures $137,021 $826 $6,580 $51,329 $58,735 43% $861,729 88% $980,093Expenditures, General Funds $32,904,965 $7,683,879 $7,995,992 $7,990,083 $0 $23,669,953 72% $24,223,704 76% $31,875,102
Tuition and Fees Special FundPersonnel Expenditures $13,442,979 $3,331,718 $3,432,845 $3,386,845 $10,151,408 76% $10,361,779 75% $13,751,442Other Current Expenditures $21,250,007 $3,405,509 $3,852,838 $3,201,504 $10,459,851 49% 8/ $11,041,856 74% $14,840,584Transfers $9,158,360 $261,607 $1,081,113 $204,577 $1,547,297 17% 9/ $1,630,154 19% $8,753,357Expenditures/Transfers, TFSF $43,851,346 $6,998,834 $8,366,795 $6,792,926 $0 $22,158,556 51% $23,033,789 62% $37,345,383
Other Special FundsPersonnel Expenditures $1,618,693 $473,480 $515,040 $419,473 $1,407,994 87% $1,278,878 71% $1,807,231Other Current Expenditures $11,792,758 $3,352,811 $1,939,936 $4,689,631 $9,982,378 85% $10,370,939 88% $11,723,685Transfers ($5,951,541) $707,255 ($134,040) $441,358 $1,014,574 -17% 10/ $943,729 -16% ($6,007,867)Expenditures/Transfers, Other Special Funds $7,459,910 $4,533,546 $2,320,936 $5,550,462 $0 $12,404,945 166% $12,593,547 167% $7,523,048
Research and Training Revolving FundPersonnel Expenditures $295,100 $90,919 $65,293 $83,770 $239,981 81% $116,795 74% $158,678Other Current Expenditures $4,315,218 $1,255,245 $1,730,138 $148,235 $3,133,618 73% $3,189,018 98% $3,261,950Transfers ($401,308) ($7,500) ($101,543) ($7,778) ($116,821) 29% ($173,034) 48% ($359,649)Expenditures/Transfers, RTRF $4,209,010 $1,338,663 $1,693,889 $224,226 $0 $3,256,778 77% $3,132,779 102% $3,060,979
Other Revolving FundsPersonnel Expenditures $1,152,125 $265,341 $282,739 $266,472 $814,552 71% $759,629 73% $1,034,128Other Current Expenditures $1,011,480 $163,441 $294,011 $261,920 $719,372 71% $871,932 62% $1,416,435Transfers $0 ($0) $0 $0 ($0) budget=0 $237 -13% ($1,828)Expenditures/Transfers, Other Revolving Funds $2,163,605 $428,783 $576,750 $528,392 $0 $1,533,924 71% $1,631,799 67% $2,448,735
Total, UH HiloPersonnel Expenditures $49,276,841 $11,844,510 $12,285,329 $12,095,314 $0 $36,225,153 74% $35,879,056 75% $47,646,488Other Current Expenditures $38,506,484 $8,177,832 $7,823,503 $8,352,618 $0 $24,353,954 63% $26,335,475 82% $32,222,747Transfers $2,805,511 $961,363 $845,530 $638,157 $0 $2,445,050 87% $2,401,085 101% $2,384,013Total Expenditures/Transfers $90,588,836 $20,983,705 $20,954,362 $21,086,089 $0 $63,024,156 70% $64,615,617 79% $82,253,247
Page 11 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 TotalSub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
UH West O‘ahuGeneral Funds
Personnel Expenditures $14,166,407 $3,380,174 $4,036,220 $3,165,265 $10,581,660 75% $8,858,807 69% $12,814,289Other Current Expenditures $143,874 $7,794 $6,734 $5,254 $19,781 14% $78,177 11% $714,189Expenditures, General Funds $14,310,281 $3,387,968 $4,042,954 $3,170,519 $0 $10,601,441 74% $8,936,984 66% $13,528,478
Tuition and Fees Special FundPersonnel Expenditures $3,063,519 $774,333 $645,263 $1,607,267 $3,026,863 99% 11/ $2,396,014 104% $2,310,662Other Current Expenditures $5,725,680 $638,719 $757,955 $1,077,833 $2,474,506 43% 12/ $1,917,307 85% $2,246,065Transfers $7,058,414 $2,906,604 $1,738,967 $1,382,248 $6,027,819 85% $4,239,556 95% $4,455,287Expenditures/Transfers, TFSF $15,847,613 $4,319,656 $3,142,185 $4,067,348 $0 $11,529,189 73% $8,552,877 95% $9,012,014
Other Special FundsPersonnel Expenditures $31,432 $4,390 $154 $7,357 $11,900 38% $1,636 100% $1,636Other Current Expenditures $2,881,000 $1,021,117 $247,995 $1,139,236 $2,408,348 84% $1,198,222 93% $1,284,236Transfers ($2,406,000) $259 ($1,500,000) ($906,901) ($2,406,642) 100% 13/ ($729,757) 82% ($892,988)Expenditures/Transfers, Other Special Funds $506,432 $1,025,766 ($1,251,851) $239,691 $0 $13,606 3% $470,102 120% $392,885
Research and Training Revolving FundPersonnel Expenditures $0 $33 $83 $101 $217 budget=0 $62 69% $90Other Current Expenditures $163,528 $18,188 $12,700 $33,618 $64,506 39% $16,328 27% $61,552Transfers ($40) $0 $0 ($40) ($40) 100% ($1,089) -18% $5,903Expenditures/Transfers, RTRF $163,488 $18,221 $12,783 $33,680 $0 $64,683 40% $15,301 23% $67,544
Other Revolving FundsPersonnel Expenditures $311,254 $35,849 $61,202 $53,514 $150,566 48% $131,849 72% $183,281Other Current Expenditures $755,878 $45,362 $64,552 $67,568 $177,482 23% $176,752 63% $278,866Transfers $0 $0 $0 $0 $0 budget=0 ($45,089) $29,911Expenditures/Transfers, Other Revolving Funds $1,067,132 $81,211 $125,754 $121,082 $0 $328,047 31% $263,513 54% $492,058
Total, UH West O‘ahuPersonnel Expenditures $17,572,612 $4,194,779 $4,742,922 $4,833,505 $0 $13,771,207 78% $11,388,368 74% $15,309,959Other Current Expenditures $9,669,960 $1,731,179 $1,089,936 $2,323,509 $0 $5,144,624 53% $3,386,787 74% $4,584,908Transfers $4,652,374 $2,906,863 $238,967 $475,306 $0 $3,621,137 78% $3,463,621 96% $3,598,113Total Expenditures/Transfers $31,894,946 $8,832,821 $6,071,825 $7,632,321 $0 $22,536,967 71% $18,238,776 78% $23,492,980
Page 12 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 TotalSub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
Community CollegesGeneral Funds
Personnel Expenditures $124,203,392 $25,550,575 $31,210,560 $31,542,450 $88,303,585 71% $88,889,424 76% $117,392,902Other Current Expenditures $1,434,411 $265,977 $218,451 $180,325 $664,752 46% $308,834 23% $1,339,812Expenditures, General Funds $125,637,803 $25,816,552 $31,429,010 $31,722,774 $0 $88,968,336 71% $89,198,258 75% $118,732,714
Tuition and Fees Special FundPersonnel Expenditures $21,383,689 $5,705,580 $6,273,746 $6,022,189 $18,001,516 84% $17,544,911 71% $24,651,267Other Current Expenditures $44,658,435 $11,358,444 $6,595,587 $9,705,719 $27,659,751 62% 14/ $27,472,253 80% $34,489,687Transfers $5,319,874 $10,250 $3,011,548 $1,392,526 $4,414,323 83% $3,426,070 51% $6,725,365Expenditures/Transfers, TFSF $71,361,998 $17,074,275 $15,880,881 $17,120,434 $0 $50,075,589 70% $48,443,234 74% $65,866,318
Other Special FundsPersonnel Expenditures $10,350,244 $4,033,723 $1,826,979 $1,690,949 $7,551,651 73% $7,975,084 80% $10,023,689Other Current Expenditures $9,441,723 $1,485,097 $1,479,033 $1,340,046 $4,304,175 46% 15/ $5,336,213 75% $7,083,955Transfers $589,609 $2,090,131 ($292,480) ($1,189,600) $608,051 103% ($11,870) 1% ($973,999)Expenditures/Transfers, Other Special Funds $20,381,576 $7,608,951 $3,013,532 $1,841,395 $0 $12,463,877 61% $13,299,427 82% $16,133,644
Research and Training Revolving FundPersonnel Expenditures $1,360,700 $240,106 $246,547 $474,955 $961,607 71% $500,558 67% $749,191Other Current Expenditures $1,675,482 $295,452 $193,400 ($91,311) $397,542 24% 16/ $699,440 70% $1,004,358Transfers ($33,940) $0 $0 ($29,540) ($29,540) 87% ($68,003) 89% ($76,296)Expenditures/Transfers, RTRF $3,002,242 $535,558 $439,947 $354,103 $0 $1,329,609 44% $1,131,994 67% $1,677,253
Other Revolving FundsPersonnel Expenditures $609,199 $157,784 $182,346 $163,140 $503,270 83% $461,077 75% $612,814Other Current Expenditures $1,592,938 $390,660 $289,193 $584,916 $1,264,770 79% $1,240,284 76% $1,642,148Transfers $0 $0 $2,023 $96 $2,119 budget=0 $0 0% ($31)Expenditures/Transfers, Other Revolving Funds $2,202,137 $548,444 $473,563 $748,152 $0 $1,770,159 80% $1,701,361 75% $2,254,931
Total, Community CollegesPersonnel Expenditures $157,907,224 $35,687,768 $39,740,177 $39,893,683 $0 $115,321,628 73% $115,371,053 75% $153,429,863Other Current Expenditures $58,802,989 $13,795,631 $8,775,665 $11,719,694 $0 $34,290,990 58% $35,057,023 77% $45,559,960Transfers $5,875,543 $2,100,381 $2,721,091 $173,481 $0 $4,994,953 85% $3,346,197 59% $5,675,038Total Expenditures/Transfers $222,585,756 $51,583,780 $51,236,933 $51,786,858 $0 $154,607,571 69% $153,774,274 75% $204,664,861
Page 13 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 TotalSub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
Systemwide Programs
General FundsPersonnel Expenditures $34,350,382 $8,271,850 $8,261,402 $7,387,941 $23,921,192 70% $23,184,849 75% $31,062,435Other Current Expenditures $4,191,867 $254,290 $1,575,200 $739,501 $2,568,991 61% 17/ $2,314,581 46% $5,045,894Transfers (B+ Scholarships) $3,000,000 $0 $1,500,000 $0 $1,500,000 50% 18/ $1,500,000 50% $3,000,000Expenditures/Transfers, General Funds $41,542,249 $8,526,139 $11,336,602 $8,127,442 $0 $27,990,183 67% $26,999,430 69% $39,108,329
Tuition and Fees Special FundPersonnel Expenditures $2,745,776 $222,719 $220,954 $1,047,091 $1,490,764 54% 19/ $1,133,394 78% $1,447,582Other Current Expenditures $8,548,578 $1,092,996 $2,329,745 $3,072,979 $6,495,720 76% $7,637,374 98% $7,808,659Transfers ($8,934,437) ($233,813) ($5,757,031) ($2,938,318) ($8,929,162) 100% 20/ ($8,589,441) 100% ($8,587,480)Expenditures/Transfers, TFSF $2,359,917 $1,081,902 ($3,206,332) $1,181,752 $0 ($942,679) -40% $181,327 27% $668,761
Other Special FundsPersonnel Expenditures $568,645 $132,778 $131,108 $133,313 $397,199 70% $415,968 79% $529,271Other Current Expenditures $7,313,186 $2,414,206 $1,383,048 $2,451,131 $6,248,385 85% $6,430,848 86% $7,444,723Transfers ($4,946,734) ($250,607) ($3,434,994) ($554,040) ($4,239,641) 86% 21/ ($2,296,433) 67% ($3,428,181)Expenditures/Transfers, Other Special Funds $2,935,097 $2,296,377 ($1,920,838) $2,030,404 $0 $2,405,942 82% $4,550,382 100% $4,545,813
Research and Training Revolving FundPersonnel Expenditures $5,324,090 $1,255,810 $1,285,466 $1,277,316 $3,818,592 72% $3,838,047 64% $5,957,836Other Current Expenditures $9,735,679 $2,943,445 $1,420,009 $1,954,960 $6,318,415 65% $5,152,648 89% $5,800,829Transfers $489,309 ($124,175) $107,500 ($455,717) ($472,392) -97% 22/ ($24,606) -17% $141,837Expenditures/Transfers, RTRF $15,549,078 $4,075,080 $2,812,975 $2,776,559 $0 $9,664,614 62% $8,966,089 75% $11,900,502
Other Revolving FundsPersonnel Expenditures $352,461 $65,498 $68,068 $66,439 $200,005 57% $199,284 75% $266,152Other Current Expenditures $725,904 $109,478 $204,745 $181,986 $496,209 68% $53,391 9% $613,993Transfers $34,701 ($154) $6,757 $31,143 $37,746 109% $268,347 -85% ($314,975)Expenditures/Transfers, Other Revolving Funds $1,113,066 $174,822 $279,570 $279,568 $0 $733,960 66% $521,022 92% $565,170
Total, Systemwide ProgramsPersonnel Expenditures $43,341,354 $9,948,654 $9,966,997 $9,912,100 $0 $29,827,751 69% $28,771,542 73% $39,263,276Other Current Expenditures $30,515,214 $6,814,414 $6,912,747 $8,400,557 $0 $22,127,719 73% $21,588,841 81% $26,714,098Transfers ($10,357,161) ($608,749) ($7,577,768) ($3,916,933) $0 ($12,103,450) 117% ($9,142,134) 99% ($9,188,799)Total Expenditures/Transfers $63,499,406 $16,154,319 $9,301,976 $14,395,725 $0 $39,852,021 63% $41,218,249 73% $56,788,575
Page 14 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Bdgt-to-Act Exp_Trf
ProjectedExpenditures/
TransfersQuarter 1
ActualQuarter 2
ActualQuarter 3
ActualQuarter 4
Actual
ActualExpenditures/
Transfers% of
Projected
Actual Expend/Trfs
as of 03/31/15% of Total
for FY FY15 TotalSub-Fund
FY 2016 Year-to-Date FY 2015
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
UH SYSTEM TOTALSGeneral Funds
Personnel Expenditures $424,349,418 $97,552,576 $109,633,914 $109,729,137 $316,915,627 75% $305,502,438 77% $398,426,465Other Current Expenditures (including trfs for B+) $13,052,921 $612,730 $3,779,439 $1,192,394 $5,584,564 43% $5,086,209 35% $14,722,193Expenditures/Transfers, General Funds $437,402,339 $98,165,306 $113,413,354 $110,921,532 $0 $322,500,191 74% $310,588,647 75% $413,148,657
Tuition and Fees Special FundPersonnel Expenditures $134,296,991 $34,964,990 $29,641,283 $29,432,741 $94,039,014 70% $105,631,634 74% $143,629,183Other Current Expenditures $161,395,344 $37,114,680 $32,013,304 $38,583,485 $107,711,470 67% $111,113,604 83% $133,530,709Transfers $56,643,360 $5,037,059 $5,231,472 $3,410,852 $13,679,384 24% $9,017,146 17% $53,405,304Expenditures/Transfers, TFSF $352,335,695 $77,116,729 $66,886,060 $71,427,078 $0 $215,429,867 61% $225,762,385 68% $330,565,195
Other Special FundsPersonnel Expenditures $55,789,336 $15,036,402 $12,722,225 $12,237,231 $39,995,858 72% $39,209,842 75% $52,561,395Other Current Expenditures $138,633,270 $39,432,756 $26,047,290 $43,206,904 $108,686,950 78% $88,979,534 81% $109,193,876Transfers ($56,190,514) $17,984,548 ($10,982,761) $2,487,587 $9,489,374 -17% $13,893,502 -32% ($43,771,037)Expenditures/Transfers, Other Special Funds $138,232,092 $72,453,706 $27,786,754 $57,931,722 $0 $158,172,181 114% $142,082,879 120% $117,984,234
Research and Training Revolving FundPersonnel Expenditures $12,423,587 $4,187,490 $3,829,026 $3,960,057 $11,976,573 96% $12,999,605 67% $19,440,299Other Current Expenditures $41,888,632 $9,177,509 $8,781,135 $6,615,628 $24,574,272 59% $22,293,222 75% $29,720,481Transfers $0 $1,316,447 $500 $673,680 $1,990,627 budget=0 $1,782,585 86% $2,075,320Expenditures/Transfers, RTRF $54,312,219 $14,681,446 $12,610,661 $11,249,365 $0 $38,541,472 71% $37,075,412 72% $51,236,100
Other Revolving FundsPersonnel Expenditures $10,263,896 $2,435,955 $2,485,143 $2,368,076 $7,289,174 71% $7,346,735 75% $9,842,588Other Current Expenditures $24,155,057 $4,085,065 $5,011,978 $5,232,090 $14,329,133 59% $15,492,377 69% $22,307,089Transfers $34,701 $23,363 $2,031 $97 $25,491 73% $399,495 -234% ($170,417)Expenditures/Transfers, Other Revolving Funds $34,453,654 $6,544,384 $7,499,153 $7,600,262 $0 $21,643,799 63% $23,238,607 73% $31,979,260
GRAND TOTAL, UH SYSTEMPersonnel Expenditures $637,123,228 $154,177,413 $158,311,592 $157,727,242 $0 $470,216,247 74% $470,690,255 75% $623,899,930Other Current Expenditures $379,125,224 $90,422,740 $75,633,146 $94,830,502 $0 $260,886,388 69% $242,964,945 79% $309,474,348Transfers $487,547 $24,361,418 ($5,748,758) $6,572,215 $0 $25,184,876 5166% $25,092,728 217% $11,539,170Total Expenditures/Transfers $1,016,735,999 $268,961,571 $228,195,981 $259,129,959 $0 $756,287,511 74% $738,747,929 78% $944,913,448
Page 15 of 49
Last Updated: May 3, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Footnotes - Exp_Trf
GENERAL FOOTNOTES:
MANOA FOOTNOTES:
1/Other expenditures on general funds (typically utilities) will be paid during Quarter 4 as a means to balance the general fund appropriation. The other portion of other expenditures are performance funding expenditures for the current fiscal year.
2/The largest transfer in TFSF is the transfer to the Scholarship & Assistance SF (Other Special Funds). This typically happens toward the ending of the fiscal year after cash for the current year tuition is transferred from the system tuition account.
3/Transfers budgets for Other Special Funds are primarily the transfers-in from TFSF to the Scholarship and Assistance SF, and transfers-in from the State to the Cancer Center SF. Other transfers-out include debt service amounts in Revenue Undertakings SF. The variance is due to the timing of receiving the transfers-in. The transfer to the Scholarship and Assistance SF typically happens towards the end of the fiscal year.
4/At the time RTRF is allocated to the units, funds are initially budgeted as "Other Current Expenditures". Units may then redistribute their budgets between Personnel and Other Current Expenditures. Variances are due to timing of when these budget adjustments are made.
5/Since budgets were not updated to reflect the distribution between Personnel and Other costs, there is a variance in Other Current Expenditures. Some of the budget on this line should be move to the Personnel line which is currently showing a 128% expended rate.
6/RTRF transfers include transfers for debt service. Majority of the debt service transfers are done in the first quarter and a few are done towards the end of the year. A budget entry for these transfers was not entered into the system in a timely manner.
7/Projections for University Health Systems were set higher with the assumption of certain renovations happening this year but there were delays in the design process that will cause the expenditure to be delayed; and thus the unit is planning to adjust the expenditure budget in quarter 4. There are other expenditures in Student Activity RF that were expected to occur in earlier quarters but are currently delayed and may be recorded in quarter 4 thus causing a lag in actual expenditures.
HILO FOOTNOTES:
8/Projected expenditures include Capital Renewal and Deferred Maintenance projects, some of which will be deferred to FY 2017. Also, planned expenditures for the Daniel K. Inouye College of Pharmacy will not be incurred in order to set aside funds to furnish their new building.
9/ Transfers to Student Scholarship and Assistance Special Fund and University Revenue-Undertaking Fund will be recorded in quarter 4.10/ Transfers from the Tuition and Fees Special funds to the Student Scholarship and Assistance Special Fund and University Revenue-Undertaking Fund will be recorded in quarter 4.
WEST OAHU FOOTNOTES:11/ Increase in casual hire and student help expenditures mainly in Student Services division to provide additional services to students.12/ Increase in expenditures expected in Qtrs. 3 and 4 as R&M, IT, and marketing projects are awarded and campus initiatives are implemented.
13/Timing issue on the posting of the 4/1/16 Debt Service payment. Posting will occur in Qtr 4, and final transfer-in for Scholarships will also occur in Qtr 4. Net of these transfers will result in a minimal change.
COMMUNITY COLLEGE FOOTNOTES:
14/ Other Current Expense projection is slightly high, equipment relacement expenditures are planned for the fourth quarter. Actual expenditures are on par with FY2015 and are only 0.7% higher than FY2015 through the first three quarters of the fiscal year.
15/ Expenditure decrease due to lower than anticipated demand for non-credit offerings by the public. The level of activity and timing of payments for the various programs that comprise the Community College Special Fund vary from year to year.
16/ RTRF funds budgeted for utilities expenses were not used due to decrease in total electricity expenses paid for the first three quarters of the fiscal year.
SYSTEMWIDE PROGRAMS FOOTNOTES:
17/Large contract payments, annual membership renewals and WICHE Scholarships occur later in the fiscal year. As compared with the same period last year, the overall rise in General Fund expenditures is primarily due to the addition of new Systemwide programs such as the Office of Institutional Equity, Office of Sustainability and Native Hawaiian Initiatives.
18/ The $3 million in appropriated General Funds for the B Plus Scholarship Program is transferred in two installments to the B Plus Scholarship Special Fund in December and June.19/ Payroll expenses to NTFSF Fiscal Services, NTFSF Vice President for Research and Innovation, and Banner accounts will occur later in the fiscal year for budgeting purposes.
20/ The UH Foundation and Banner assessments occur in Quarter 2. Together, both assessments represent the majority of the total projected TFSF transfers. This year, an additional assessment was imposed on the campuses to purchase and implement a systemwide project management software.
21/ There are two significant transfers that occur during Quarter 2 in Other Special Funds: the Risk Management assessment and a partial transfer of the B Plus Scholarship funds to the campuses. Together, both assessments represent the majority of the total projected Other Special Funds transfers.
22/ Timing issue that the transfers to the Systemwide programs did not record in Quarter 3.
Current Criteria for Footnotes:1) "% of Projected" (YTD Actual compared to annual budget) is less than 65% or greater than 85%. (Assumes that approximately 75% of budget should be used at the end of Quarter 3.) And,2) Dollar amount of variance (YTD Actual versus 75% of budget) is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report for General, Special and Revolving FundsExpenditures/Transfers by CampusFor Period Ending March 31, 2016
Footnotes
Page 16 of 49
Definitions
Page 17 of 49
Last Updated: April 6, 2016File: FY16 BOR Qtrly Report - Qtr3 Final : Definitions
FY 2016 Actual Revenue & Expenditures, Unencumbered Cash by Campus
Carryforward Cash [Claim-on-Cash (object code 8100)] - [Prior Year Deferred Revenue]
Revenue/Appropriation
Expenditures/Transfers YTD Expenditures +/- YTD Transfers
Balance [Carryforward Cash] + [Revenue/Appropriation] - [Expenditures/Transfers]
Cash
Encumbrances Encumbrances at end of quarter
Unencumbered Cash [Cash] - [Encumbrances]
FY 2016 Budget-to-Actual Revenue by Campus
Projected Revenue Revenue Budgets for Current FY Includes Prior Year Deferred Revenue
Quarter x Actual
FY 2016 Budget-to-Actual Expenditures/Transfers by Campus
Projected Expenditures/Transfers Includes projected liquidation of Encumbrances
Quarter x Actual Includes liquidation of EncumbrancesYTD ExpendituresYTD Transfers
Expenditure and Transfer Budgets Projected Expenditures/Transfers during the FY
Prior Year Deferred Revenue is included in YTD Revenue Recognized
Quarterly Financial Report: Definitions
General Funds = Allocation (current A-19)Special and Revolving Funds = YTD Revenue Recognized
For TFSF: 16% of Prior Year G-Fund and TFSF Expenditures/TransfersOther Special & Revolving Funds: 16% of Prior Year Expenditures/Transfers
Revenue RecognizedQuarter 1 includes Prior Year Deferred RevenueQuarter 4 includes FP13 adjustments to exclude 06/30 Deferred Revenue and Future Year Accounts Receivable
For TFSF: 5% of Prior Year G-Fund and TFSF Expenditures/TransfersOther Special & Revolving Funds: 5% of Prior Year Expenditures/Transfers
FY 2016 Reserve Targets5% (Exec Policy)
FY 2016 Reserve Targets16% (BOR Policy)
Claim-on-Cash (object code 8100) at end of quarters 1-3Claim-on-Cash - 06/30 Deferred Revenue at end of FY
Page 18 of 49
Net Operating Income Reports by Campus
Page 19 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHM GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $219,617,318 $219,617,318 100% 0% 0% $219,617,318 Allocation $215,711,521 98% $4,798,213 2% $2,497,307 1% $223,007,041 Variance ($3,905,797) -2% $4,798,213 2% $2,497,307 1% $3,389,723 1.54% 1/
General Funds Expenditures
PersonnelProjection $219,617,318 $56,699,614 26% $57,407,305 26% $56,736,181 26% $170,843,100Actual
Regular Employee Payroll $52,661,562 $58,130,259 $59,687,225 $170,479,046Non-Regular Employee Payroll $0 $0 $0 $0Lecturer Payroll $0 $0 $0 $0Student Help Payroll $5,362 $6,061 $7,503 $18,925
Actual Expenditures: $52,666,924 24% $58,136,320 26% $59,694,728 27% $170,497,971Variance ($4,032,689) -2% $729,014 0% $2,958,547 1% ($345,129) -0.20%
Other Current Expenditures Projection $0 $0 $0 $0 $0 Actual
Utilities $0 $0 $0 $0Other $83,844 $472,475 $215,986 $772,305
Actual Expenditures: $83,844 n/a $472,475 n/a $215,986 n/a $772,305 Variance $83,844 n/a $472,475 n/a $215,986 n/a $772,305 budget=0 2/
Expenditures, General Funds Projection $219,617,318 $56,699,614 26% $57,407,305 26% $56,736,181 26% $170,843,100 Actual $52,750,768 24% $58,608,795 27% $59,910,714 27% $171,270,276 Variance ($3,948,846) -2% $1,201,489 1% $3,174,533 1% $427,177 0.25%
Net Operating Income (Revenue - Expenditures/Transfers) $162,960,753 ($53,810,582) ($57,413,407) $51,736,765
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Manoa: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 20 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHM TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $224,055,873 $117,618,737 52% $83,572,241 37% $24,845,336 11% $226,036,315 Actual $120,065,710 54% $80,674,113 36% $28,524,164 13% $229,263,987 Variance $2,446,973 1% ($2,898,129) -1% $3,678,828 2% $3,227,672 1.43%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $98,666,859 $27,689,485 28% $22,574,618 23% $21,626,728 22% $71,890,831Actual
Regular Employee Payroll $21,301,264 $14,457,617 $13,090,965 $48,849,846Non-Regular Employee Payroll $364,962 $333,234 $319,866 $1,018,061Lecturer Payroll $1,904,909 $2,875,467 $2,734,737 $7,515,113Student Help Payroll $1,359,505 $1,402,158 $1,223,780 $3,985,442
Actual Expenditures: $24,930,640 25% $19,068,476 19% $17,369,348 18% $61,368,464Variance ($2,758,845) -3% ($3,506,142) -4% ($4,257,380) -4% ($10,522,368) -14.64% 3/
Other Current ExpendituresProjection $77,758,934 $19,529,269 25% $21,265,717 27% $21,539,872 28% $62,334,857Actual
Utilities $11,102,387 $5,991,087 $5,049,362 $22,142,836Other $9,516,625 $12,486,092 $16,476,089 $38,478,806
Actual Expenditures: $20,619,013 27% $18,477,179 24% $21,525,450 28% $60,621,642Variance $1,089,744 1% ($2,788,538) -4% ($14,421) 0% ($1,713,215) -2.75%
TransfersProjection $42,488,685 $899,211 2% $4,513,453 11% $2,566,954 6% $7,979,619Actual $2,092,411 5% $5,156,876 12% $3,369,820 8% $10,619,107Variance $1,193,200 3% $643,423 2% $802,866 2% $2,639,489 33.08% 4/
Expenditures, TFSF Projection $218,914,478 $48,117,964 22% $48,353,788 22% $45,733,554 21% $142,205,307 Actual $47,642,063 22% $42,702,531 20% $42,264,618 19% $132,609,213 Variance ($475,901) 0% ($5,651,257) -3% ($3,468,936) -2% ($9,596,094) -6.75%
Net Operating Income (Revenue - Expenditures/Transfers) $72,423,647 $37,971,581 ($13,740,454) $96,654,774
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Manoa: Tuition and Fees SF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 21 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHM RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $29,442,901 $7,360,725 25% $7,360,725 25% $7,360,725 25% $22,082,176 Actual $7,534,373 26% $0 0% $7,521,514 26% $15,055,888 Variance $173,648 1% ($7,360,725) -25% $160,789 1% ($7,026,288) -31.82% 5/
Research and Training RF Expenditures/Transfers
PersonnelProjection $8,782,915 $2,132,546 24% $1,448,334 16% $1,972,605 22% $5,553,485Actual
Regular Employee Payroll $2,413,751 $2,089,293 $2,025,993 $6,529,037Non-Regular Employee Payroll $102,197 $83,177 $60,347 $245,721Lecturer Payroll $684 $7,786 $2,400 $10,871Student Help Payroll $83,991 $51,381 $35,175 $170,547
Actual Expenditures: $2,600,623 30% $2,231,638 25% $2,123,915 24% $6,956,176Variance $468,077 5% $783,304 9% $151,309 2% $1,402,690 25.26% 6/
Other Current ExpendituresProjection $19,433,697 $3,785,749 19% $3,587,256 18% $5,056,767 26% $12,429,772Actual
Utilities $422,384 $1,591,673 $2,530,954 $4,545,010Other $4,242,795 $3,833,214 $2,039,172 $10,115,181
Actual Expenditures: $4,665,179 24% $5,424,887 28% $4,570,126 24% $14,660,192Variance $879,430 5% $1,837,631 9% ($486,641) -3% $2,230,419 17.94% 7/
TransfersProjection $112,947 $47,614 42% $17,285 15% $36,754 33% $101,653Actual $1,448,123 1282% ($5,457) -5% $1,166,755 1033% $2,609,421Variance $1,400,509 1240% ($22,742) -20% $1,130,001 1000% $2,507,768 2466.99% 8/
Expenditures, RTRF Projection $28,329,559 $5,965,909 21% $5,052,875 18% $7,066,126 25% $18,084,911 Actual $8,713,925 31% $7,651,067 27% $7,860,796 28% $24,225,788 Variance $2,748,016 10% $2,598,192 9% $794,669 3% $6,140,877 33.96%
Net Operating Income (Revenue - Expenditures/Transfers) ($1,179,552) ($7,651,067) ($339,281) ($9,169,900)
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Manoa: Research and Training RF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 22 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHM Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $134,208,738 $55,540,023 41% $37,438,518 28% $27,282,277 20% $120,260,818 Actual $53,759,375 40% $37,086,795 28% $22,857,055 17% $113,703,225 Variance ($1,780,648) -1% ($351,723) 0% ($4,425,222) -3% ($6,557,593) -5.45%
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $51,919,481 $12,697,188 24% $12,940,701 25% $13,080,957 25% $38,718,847Actual
Regular Employee Payroll $10,728,014 $10,665,564 $10,375,920 $31,769,497Non-Regular Employee Payroll $207,098 $246,928 $243,123 $697,150Lecturer Payroll $101,548 $79,748 $99,967 $281,263Student Help Payroll $1,266,855 $1,147,493 $1,085,638 $3,499,987
Actual Expenditures: $12,303,515 24% $12,139,733 23% $11,804,649 23% $36,247,897Variance ($393,673) -1% ($800,968) -2% ($1,276,309) -2% ($2,470,950) -6.38%
Other Current ExpendituresProjection $124,065,023 $34,784,651 28% $16,458,995 13% $42,254,414 34% $93,498,061Actual
Utilities $1,333,904 $1,584,604 $1,504,970 $4,423,478Other (Note a) $33,201,745 $23,572,150 $36,217,591 $92,991,486
Actual Expenditures: $34,535,648 28% $25,156,755 20% $37,722,561 30% $97,414,964Variance ($249,003) 0% $8,697,760 7% ($4,531,854) -4% $3,916,903 4.19%
Transfers (Note b)Projection ($31,335,190) $8,471,320 -27% $3,137,733 -10% ($95,784) 0% $11,513,270Actual $15,461,027 -49% ($5,627,997) 18% $4,665,629 -15% $14,498,659Variance $6,989,706 -22% ($8,765,730) 28% $4,761,413 -15% $2,985,389 25.93% 9/
Expenditures, Other Non-General Funds Projection $144,649,314 $55,953,160 39% $32,537,429 22% $55,239,588 38% $143,730,177 Actual $62,300,190 43% $31,668,491 22% $54,192,838 37% $148,161,519 Variance $6,347,030 4% ($868,938) -1% ($1,046,750) -1% $4,431,342 3.08%
Net Operating Income (Revenue - Expenditures/Transfers) ($8,540,816) $5,418,304 ($31,335,783) ($34,458,295)
a/ Includes expenditures for tuition scholarships. These expenditures are covered by a transfer of cash from the TFSF in the 4th Quarter.b/ Includes transfer-in from TFSF to cover tuition scholarships (see Note 1) in the 4th Quarter.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Manoa: Other Non-General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 23 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHM Footnotes
UH MANOA FOOTNOTES:
1/Variances between initial Projection and Current Allocation can be attributed to the net effects of Collective Bargaining augmentations, imposing/releasing of Restrictions, distribution of Performance Funding, transfers between campuses, and release of funding for Special Appropriations.
2/General funds are typically not expended on other current expenditures. The other current expenditures incurred to date are due to performance funding and post-death payments. Performance funding was not allocated to the campus in prior years, therefore the 3 year averages do not provide comparable data.
3/ Units are spending more conservatively which would mean a lower percentage of expenditures as compared to their original budget estimates. Where possible, other sources of funding are being used.
4/ Variance is due to timing of transfers, which are not completed in the same quarter each year. Current (updated) transfer projections are also higher than originally projected.
5/ RTRF revenue recording for Manoa is one quarter behind. Quarter 2 was recorded late and appears in Quarter 3. Quarter 3 was also not recorded in time and should appear in Quarter 4.
6/Historically, units budgeted their RTRF on a bottom line level rather than between Personnel and Other Expenditures, and they did so on a project/award basis instead of based on the fiscal year. Personnel expenditures trending higher than projected as expenses are shifted between fund sources.
7/
Historically, units budgeted their RTRF on a bottom line level rather than between Personnel and Other Expenditures, and they did so on a project/award basis instead of based on the fiscal year. Current (updated) expenditure projections are higher than originally projected for the year due to higher than anticipated revenue. Quarterly projections calculated using a percentage of the updated (higher) Other Current Expenditure projection would result in a lower overall variance.
8/ Original budget projection for transfers was too low, resulting in variances each quarter that will grow through the year.
9/ Variance is due to timing of transfers, which are not completed in the same quarter each year. Current (updated) transfer projections are also higher than originally projected.
Current Criteria for Footnotes: Year-to-Date "% Variance" is greater than 10% and dollar amount of variance is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeFor Period Ending March 31, 2016
UH Manoa Footnotes
Page 24 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHH GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $32,857,631 $32,857,631 100% 0% 0% $32,857,631 Allocation $32,227,067 98% ($199,303) -1% $877,201 3% $32,904,965 Variance ($630,564) -2% ($199,303) -1% $877,201 3% $47,334 0.14% 1/
General Funds Expenditures
PersonnelProjection $31,994,706 $7,678,729 24% $7,998,677 25% $7,998,677 25% $23,676,083Actual
Regular Employee Payroll $7,680,125 $7,952,753 $7,885,499 $23,518,377Non-Regular Employee Payroll $0 $0 $2,641 $2,641Lecturer Payroll $0 $0 $17,790 $17,790Student Help Payroll $2,928 $36,660 $32,823 $72,411
Actual Expenditures: $7,683,053 24% $7,989,413 25% $7,938,754 25% $23,611,219Variance $4,323 0% ($9,264) 0% ($59,923) 0% ($64,864) -0.27%
Other Current Expenditures Projection $862,925 $163,956 19% $34,517 4% $302,024 35% $500,497 Actual
Utilities $0 $0 $0 $0Other $826 $6,580 $51,329 $58,735
Actual Expenditures: $826 0% $6,580 1% $51,329 6% $58,735 Variance ($163,130) -19% ($27,937) -3% ($250,695) -29% ($441,762) -88.26%
Expenditures, General Funds Projection $32,857,631 $7,842,685 24% $8,033,194 24% $8,300,701 25% $24,176,579 Actual $7,683,879 23% $7,995,992 24% $7,990,083 24% $23,669,954 Variance ($158,806) 0% ($37,201) 0% ($310,618) -1% ($506,626) -2.10%
Net Operating Income (Revenue - Expenditures/Transfers) $24,543,188 ($8,195,295) ($7,112,882) $9,235,011
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Hilo: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 25 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHH TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $38,052,520 $19,442,537 51% $15,931,269 42% $1,818,803 5% $37,192,609 Actual $19,023,434 50% $15,993,979 42% $1,242,170 3% $36,259,583 Variance ($419,103) -1% $62,710 0% ($576,633) -2% ($933,026) -2.51%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $14,188,613 $3,405,267 24% $3,830,926 27% $3,830,926 27% $11,067,118Actual
Regular Employee Payroll $2,545,525 $1,993,257 $2,056,001 $6,594,783Non-Regular Employee Payroll $288,917 $351,550 $325,218 $965,686Lecturer Payroll $249,347 $810,879 $777,583 $1,837,809Student Help Payroll $247,928 $277,159 $228,042 $753,129
Actual Expenditures: $3,331,718 23% $3,432,845 24% $3,386,845 24% $10,151,408Variance ($73,549) -1% ($398,081) -3% ($444,080) -3% ($915,711) -8.27%
Other Current ExpendituresProjection $18,463,070 $3,692,614 20% $4,061,875 22% $5,354,290 29% $13,108,780Actual
Utilities $820,209 $1,445,523 $675,830 $2,941,562Other $2,585,301 $2,407,314 $2,525,674 $7,518,289
Actual Expenditures: $3,405,509 18% $3,852,838 21% $3,201,504 17% $10,459,851Variance ($287,105) -2% ($209,038) -1% ($2,152,786) -12% ($2,648,929) -20.21% 2/
TransfersProjection $8,275,115 $185,544 2% $511,712 6% $841,584 10% $1,538,840Actual $261,607 3% $1,081,113 13% $204,577 2% $1,547,297Variance $76,064 1% $569,401 7% ($637,007) -8% $8,458 0.55%
Expenditures, TFSF Projection $40,926,798 $7,283,425 18% $8,404,513 21% $10,026,800 24% $25,714,737 Actual $6,998,834 17% $8,366,795 20% $6,792,926 17% $22,158,555 Variance ($284,591) -1% ($37,718) 0% ($3,233,873) -8% ($3,556,182) -13.83%
Net Operating Income (Revenue - Expenditures/Transfers) $12,024,599 $7,627,184 ($5,550,756) $14,101,027
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Hilo: Tuition and Fees SF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 26 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHH RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $1,696,503 $424,126 25% $424,126 25% $424,126 25% $1,272,377 Actual $936,426 55% $936,426 55% $0 0% $1,872,851 Variance $512,300 30% $512,300 30% ($424,126) -25% $600,474 47.19% 3/
Research and Training RF Expenditures/Transfers
PersonnelProjection $105,778 $16,924 16% $31,733 30% $31,733 30% $80,391Actual
Regular Employee Payroll $75,196 $47,897 $67,925 $191,017Non-Regular Employee Payroll $15,723 $17,396 $15,845 $48,964Lecturer Payroll $0 $0 $0 $0Student Help Payroll $0 $0 $0 $0
Actual Expenditures: $90,919 86% $65,293 62% $83,770 79% $239,981Variance $73,994 70% $33,560 32% $52,036 49% $159,590 198.52%
Other Current ExpendituresProjection $2,835,340 $822,249 29% $1,134,136 40% $567,068 20% $2,523,453Actual
Utilities $0 $0 $0 $0Other $1,255,245 $1,730,138 $148,235 $3,133,618
Actual Expenditures: $1,255,245 44% $1,730,138 61% $148,235 5% $3,133,618Variance $432,996 15% $596,002 21% ($418,834) -15% $610,165 24.18% 4/
TransfersProjection ($1,244,615) $0 0% ($622,308) 50% ($311,154) 25% ($933,461)Actual ($7,500) 1% ($101,543) 8% ($7,778) 1% ($116,821)Variance ($7,500) 1% $520,765 -42% ($318,932) 26% $194,333 -20.82%
Expenditures, RTRF Projection $1,696,503 $839,173 49% $543,562 32% $287,648 17% $1,670,383 Actual $1,338,663 79% $1,693,889 100% $224,226 13% $3,256,778 Variance $499,490 29% $1,150,327 68% ($63,421) -4% $1,586,395 94.97%
Net Operating Income (Revenue - Expenditures/Transfers) ($402,238) ($757,463) ($224,226) ($1,383,927)
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Hilo: Research and Training RFFor Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 27 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHH Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $10,199,268 $4,615,244 45% $3,981,460 39% $1,544,431 15% $10,141,134 Actual $4,668,491 46% $3,861,214 38% $2,420,718 24% $10,950,423 Variance $53,247 1% ($120,246) -1% $876,287 9% $809,289 7.98%
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $2,867,681 $716,920 25% $774,274 27% $659,567 23% $2,150,761Actual
Regular Employee Payroll $346,768 $479,753 $404,578 $1,231,099Non-Regular Employee Payroll $66,423 $66,644 $61,194 $194,261Lecturer Payroll $15,527 $18,418 $10,856 $44,801Student Help Payroll $310,103 $232,964 $209,317 $752,384
Actual Expenditures: $738,821 26% $797,779 28% $685,945 24% $2,222,545Variance $21,901 1% $23,505 1% $26,379 1% $71,785 3.34%
Other Current ExpendituresProjection $13,428,733 $4,565,769 34% $2,148,597 16% $4,700,057 35% $11,414,423Actual
Utilities $76,803 $103,168 $98,992 $278,964Other (Note a) $3,439,449 $2,130,778 $4,852,559 $10,422,786
Actual Expenditures: $3,516,253 26% $2,233,947 17% $4,951,551 37% $10,701,750Variance ($1,049,517) -8% $85,350 1% $251,494 2% ($712,673) -6.24%
Transfers (Note b)Projection ($5,545,106) $381,628 -7% $291,588 -5% $364,339 -7% $1,037,555Actual $707,255 -13% ($134,040) 2% $441,358 -8% $1,014,574Variance $325,627 -6% ($425,628) 8% $77,019 -1% ($22,982) -2.21%
Expenditures, Other Non-General Funds Projection $10,751,308 $5,664,318 53% $3,214,459 30% $5,723,962 53% $14,602,739 Actual $4,962,329 46% $2,897,686 27% $6,078,854 57% $13,938,869 Variance ($701,989) -7% ($316,773) -3% $354,892 3% ($663,870) -4.55%
Net Operating Income (Revenue - Expenditures/Transfers) ($293,838) $963,528 ($3,658,136) ($2,988,446)
a/ Includes expenditures for tuition scholarships. These expenditures are covered by a transfer of cash from the TFSF in the 4th Quarter.b/ Includes transfer-in from TFSF to cover tuition scholarships (see Note 1) in the 4th Quarter.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Hilo: Other Non-General FundsFor Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 28 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHH Footnotes
UH HILO FOOTNOTES:
1/Variances between initial Projection and Current Allocation can be attributed to the net effects of Collective Bargaining augmentations, imposing/releasing of Restrictions, distribution of Performance Funding, transfers between campuses, and release of funding for Special Appropriations.
2/Projected expenditures include Capital Renewal and Deferred Maintenance projects, some of which will be deferred to FY 2017. Also, planned expenditures for the Daniel K. Inouye College of Pharmacy will not be incurred in order to set aside funds to furnish their new building.
3/
The revenue projection in total for the Research and Training RF is understated due to 1) some new allocations were projected as transfers-in, but were actually recorded as a Revenue, and 2) unplanned allocation from the Vice President for Research and Innovation for the Small Business Development Center in exchange for general funds. RTRF revenues were not recorded in Quarter 3. Quarter 3's revenue distribution from the Office of the Vice President for Research and Innovation was recorded on April 1, 2016 and will appear as part of Quarter 4's revenue collections.
4/The expenditure projection in total for the Research and Training RF is understated due to an unplanned allocation from the Vice President for Research and Innovation for the Small Business Development Center in exchange for general funds. Expenditures are primarily recorded in Quarter 1 and Quarter 2 as advance payments to RCUH for service ordered projects.
Current Criteria for Footnotes: Year-to-Date "% Variance" is greater than 10% and dollar amount of variance is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeFor Period Ending March 31, 2016
UH Hilo Footnotes
Page 29 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHWO GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $13,392,800 $13,392,800 100% 0% 0% $13,392,800 Allocation $13,230,292 99% $640,865 5% $439,124 3% $14,310,281 Variance ($162,508) -1% $640,865 5% $439,124 3% $917,481 6.85% 1/
General Funds Expenditures
PersonnelProjection $13,392,800 $3,348,200 25% $3,348,200 25% $3,348,200 25% $10,044,600Actual
Regular Employee Payroll $3,303,062 $3,519,695 $2,669,673 $9,492,430Non-Regular Employee Payroll $0 $0 $0 $0Lecturer Payroll $74,910 $511,502 $489,977 $1,076,389Student Help Payroll $2,202 $5,024 $5,616 $12,841
Actual Expenditures: $3,380,174 25% $4,036,220 30% $3,165,265 24% $10,581,660Variance $31,974 0% $688,020 5% ($182,935) -1% $537,060 5.35%
Other Current Expenditures Projection $0 $0 $0 $0 $0 Actual
Utilities $0 $0 $0 $0Other $7,794 $6,734 $5,254 $19,781
Actual Expenditures: $7,794 n/a $6,734 n/a $5,254 n/a $19,781 Variance $7,794 n/a $6,734 n/a $5,254 n/a $19,781 budget=0
Expenditures, General Funds Projection $13,392,800 $3,348,200 25% $3,348,200 25% $3,348,200 25% $10,044,600 Actual $3,387,968 25% $4,042,954 30% $3,170,519 24% $10,601,441 Variance $39,768 0% $694,754 5% ($177,681) -1% $556,841 5.54%
Net Operating Income (Revenue - Expenditures/Transfers) $9,842,324 ($3,402,089) ($2,731,395) $3,708,840
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH West Oahu: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 30 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHWO TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $15,497,985 $8,368,912 54% $6,354,174 41% $464,940 3% $15,188,025 Actual $7,826,311 50% $6,333,542 41% $573,094 4% $14,732,947 Variance ($542,601) -4% ($20,632) 0% $108,155 1% ($455,079) -3.00%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $2,446,116 $611,529 25% $611,529 25% $733,835 30% $1,956,893Actual
Regular Employee Payroll $536,013 $403,722 $1,355,439 $2,295,173Non-Regular Employee Payroll $112,272 $160,354 $186,574 $459,201Lecturer Payroll $74,445 $12,710 $10,629 $97,785Student Help Payroll $51,603 $68,477 $54,625 $174,705
Actual Expenditures: $774,333 32% $645,263 26% $1,607,267 66% $3,026,863Variance $162,804 7% $33,734 1% $873,433 36% $1,069,971 54.68% 2/
Other Current ExpendituresProjection $5,265,154 $631,818 12% $1,579,546 30% $1,579,546 30% $3,790,911Actual
Utilities $276,384 $256,042 $213,140 $745,566Other $362,334 $501,912 $864,693 $1,728,940
Actual Expenditures: $638,719 12% $757,955 14% $1,077,833 20% $2,474,506Variance $6,900 0% ($821,591) -16% ($501,713) -10% ($1,316,405) -34.73% 3/
TransfersProjection $7,261,715 $3,049,920 42% $1,524,960 21% $1,524,960 21% $6,099,841Actual $2,906,604 40% $1,738,967 24% $1,382,248 19% $6,027,819Variance ($143,316) -2% $214,007 3% ($142,712) -2% ($72,021) -1.18%
Expenditures, TFSF Projection $14,972,985 $4,293,268 29% $3,716,035 25% $3,838,341 26% $11,847,644 Actual $4,319,656 29% $3,142,185 21% $4,067,348 27% $11,529,189 Variance $26,388 0% ($573,851) -4% $229,007 2% ($318,455) -2.69%
Net Operating Income (Revenue - Expenditures/Transfers) $3,506,655 $3,191,357 ($3,494,254) $3,203,758
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH West Oahu: Tuition and Fees SFFor Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 31 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHWO RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $69,524 $17,381 25% $17,381 25% $17,381 25% $52,143 Actual $31,301 45% $38,801 56% $0 0% $70,102 Variance $13,920 20% $21,420 31% ($17,381) -25% $17,959 34.44%
Research and Training RF Expenditures/Transfers
PersonnelProjection $0 $0 $0 $0 $0Actual
Regular Employee Payroll $33 $83 $101 $217Non-Regular Employee Payroll $0 $0 $0 $0Lecturer Payroll $0 $0 $0 $0Student Help Payroll $0 $0 $0 $0
Actual Expenditures: $33 n/a $83 n/a $101 n/a $217Variance $33 n/a $83 n/a $101 n/a $217 budget=0
Other Current ExpendituresProjection $69,524 $5,562 8% $3,476 5% $8,343 12% $17,381Actual
Utilities $0 $0 $0 $0Other $18,188 $12,700 $33,618 $64,506
Actual Expenditures: $18,188 26% $12,700 18% $33,618 48% $64,506Variance $12,626 18% $9,224 13% $25,276 36% $47,125 271.13%
TransfersProjection $0 $0 $0 $0 $0Actual $0 $0 ($40) n/a ($40)Variance $0 $0 ($40) n/a ($40) budget=0
Expenditures, RTRF Projection $69,524 $5,562 8% $3,476 5% $8,343 12% $17,381 Actual $18,221 26% $12,783 18% $33,680 48% $64,683 Variance $12,659 18% $9,307 13% $25,337 36% $47,302 272.15%
Net Operating Income (Revenue - Expenditures/Transfers) $13,080 $26,018 ($33,680) $5,418
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH West Oahu: Research and Training RF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 32 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHWO Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $1,178,695 $457,570 39% $282,936 24% $203,559 17% $944,066 Actual $473,170 40% $362,092 31% $428,862 36% $1,264,124 Variance $15,600 1% $79,156 7% $225,303 19% $320,059 33.90%
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $217,082 $23,966 11% $41,639 19% $79,971 37% $145,576Actual
Regular Employee Payroll $12,466 $15,074 $13,651 $41,192Non-Regular Employee Payroll $25,634 $14,881 $19,758 $60,274Lecturer Payroll $0 $19,404 $17,574 $36,978Student Help Payroll $2,138 $11,996 $9,888 $24,023
Actual Expenditures: $40,239 19% $61,356 28% $60,871 28% $162,466Variance $16,272 7% $19,717 9% ($19,099) -9% $16,890 11.60%
Other Current ExpendituresProjection $3,315,177 $1,127,426 34% $349,662 11% $1,350,151 41% $2,827,238Actual
Utilities $0 $0 $0 $0Other (Note a) $1,066,479 $312,547 $1,206,804 $2,585,830
Actual Expenditures: $1,066,479 32% $312,547 9% $1,206,804 36% $2,585,830Variance ($60,947) -2% ($37,115) -1% ($143,347) -4% ($241,408) -8.54%
Transfers (Note b)Projection ($2,731,632) $16,006 -1% ($1,717,301) 63% ($906,561) 33% ($2,607,855)Actual $259 0% ($1,500,000) 55% ($906,901) 33% ($2,406,642)Variance ($15,747) 1% $217,301 -8% ($340) 0% $201,214 -7.72%
Expenditures, Other Non-General Funds Projection $800,627 $1,167,399 146% ($1,326,000) -166% $523,561 65% $364,959 Actual $1,106,977 138% ($1,126,097) -141% $360,774 45% $341,654 Variance ($60,422) -8% $199,903 25% ($162,786) -20% ($23,305) -6.39%
Net Operating Income (Revenue - Expenditures/Transfers) ($633,807) $1,488,189 $68,088 $922,470
a/ Includes expenditures for tuition scholarships. These expenditures are covered by a transfer of cash from the TFSF in the 4th Quarter.b/ Includes transfer-in from TFSF to cover tuition scholarships (see Note 1) in the 4th Quarter.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH West Oahu: Other Non-General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 33 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHWO Footnotes
UH WEST OAHU FOOTNOTES:
1/Variances between initial Projection and Current Allocation can be attributed to the net effects of Collective Bargaining augmentations, imposing/releasing of Restrictions, distribution of Performance Funding, transfers between campuses, and release of funding for Special Appropriations.
2/Actual Personnel expenditures are expected to exceed original projections due to increase in services being offered to students. Current (updated) expenditure budgets reflect this.
3/Year-to-Date expenditures do not include encumbrances totalling $933,814. Actual electricity expenses 35% lower than projected due to initiatives such as reprogramming of the a/c system, installation of LED fixtures, and the decrease in the cost of fuel.
Current Criteria for Footnotes: Year-to-Date "% Variance" is greater than 10% and dollar amount of variance is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeFor Period Ending March 31, 2016
UH West Oahu Footnotes
Page 34 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHCC GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $124,406,354 $124,406,354 100% 0% 0% $124,406,354 Allocation $121,796,244 98% $758,241 1% $3,083,318 2% $125,637,803 Variance ($2,610,110) -2% $758,241 1% $3,083,318 2% $1,231,449 0.99% 1/
General Funds Expenditures
PersonnelProjection $122,902,824 $28,463,868 23% $32,347,323 26% $32,178,424 26% $92,989,615Actual
Regular Employee Payroll $24,509,020 $25,089,220 $25,597,817 $75,196,057Non-Regular Employee Payroll $9,653 $10,463 $51,081 $71,196Lecturer Payroll $1,029,866 $6,110,877 $5,893,552 $13,034,294Student Help Payroll $2,037 $0 $0 $2,037
Actual Expenditures: $25,550,575 21% $31,210,560 25% $31,542,450 26% $88,303,585Variance ($2,913,292) -2% ($1,136,763) -1% ($635,974) -1% ($4,686,030) -5.04%
Other Current Expenditures Projection $1,503,530 $235,776 16% $298,652 20% $112,477 7% $646,904 Actual
Utilities $227,737 $194,636 $161,282 $583,655Other $38,240 $23,814 $19,042 $81,097
Actual Expenditures: $265,977 18% $218,451 15% $180,325 12% $664,752 Variance $30,201 2% ($80,201) -5% $67,848 5% $17,848 2.76%
Expenditures, General Funds Projection $124,406,354 $28,699,644 23% $32,645,975 26% $32,290,901 26% $93,636,519 Actual $25,816,552 21% $31,429,010 25% $31,722,774 25% $88,968,336 Variance ($2,883,092) -2% ($1,216,964) -1% ($568,126) 0% ($4,668,183) -4.99%
Net Operating Income (Revenue - Expenditures/Transfers) $95,979,692 ($30,670,769) ($28,639,456) $36,669,467
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Community Colleges: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 35 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHCC TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $66,953,012 $35,131,596 52% $26,373,515 39% $4,665,997 7% $66,171,108 Actual $35,385,760 53% $27,199,559 41% $3,810,298 6% $66,395,617 Variance $254,164 0% $826,044 1% ($855,700) -1% $224,508 0.34%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $23,756,265 $5,110,649 22% $5,659,755 24% $5,873,048 25% $16,643,452Actual
Regular Employee Payroll $4,632,551 $4,487,636 $4,521,982 $13,642,168Non-Regular Employee Payroll $302,371 $449,108 $360,398 $1,111,877Lecturer Payroll $207,333 $489,290 $371,951 $1,068,575Student Help Payroll $563,325 $847,713 $767,859 $2,178,896
Actual Expenditures: $5,705,580 24% $6,273,746 26% $6,022,189 25% $18,001,516Variance $594,931 3% $613,991 3% $149,142 1% $1,358,063 8.16%
Other Current ExpendituresProjection $38,030,554 $10,793,244 28% $8,492,204 22% $10,952,418 29% $30,237,867Actual
Utilities $2,354,342 $2,624,813 $2,073,642 $7,052,797Other $9,004,102 $3,970,775 $7,632,076 $20,606,954
Actual Expenditures: $11,358,444 30% $6,595,587 17% $9,705,719 26% $27,659,751Variance $565,200 1% ($1,896,617) -5% ($1,246,700) -3% ($2,578,117) -8.53%
TransfersProjection $5,166,193 $134,907 3% $1,661,866 32% $738,851 14% $2,535,624Actual $10,250 0% $3,011,548 58% $1,392,526 27% $4,414,324Variance ($124,657) -2% $1,349,681 26% $653,675 13% $1,878,699 74.09% 2/
Expenditures, TFSF Projection $66,953,012 $16,038,801 24% $15,813,826 24% $17,564,317 26% $49,416,944 Actual $17,074,275 26% $15,880,881 24% $17,120,434 26% $50,075,590 Variance $1,035,474 2% $67,055 0% ($443,882) -1% $658,646 1.33%
Net Operating Income (Revenue - Expenditures/Transfers) $18,311,485 $11,318,678 ($13,310,136) $16,320,027
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Community Colleges: Tuition and Fees SF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 36 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHCC RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $2,396,284 $599,071 25% $599,071 25% $599,071 25% $1,797,213 Actual $656,951 27% $681,951 28% $0 0% $1,338,903 Variance $57,880 2% $82,880 3% ($599,071) -25% ($458,311) -25.50%
Research and Training RF Expenditures/Transfers
PersonnelProjection $1,360,700 $283,587 21% $277,693 20% $293,586 22% $854,866Actual
Regular Employee Payroll $183,193 $214,400 $449,844 $847,437Non-Regular Employee Payroll $32,735 $19,888 $22,143 $74,765Lecturer Payroll $0 $0 $0 $0Student Help Payroll $24,179 $12,259 $2,967 $39,405
Actual Expenditures: $240,106 18% $246,547 18% $474,955 35% $961,607Variance ($43,481) -3% ($31,146) -2% $181,369 13% $106,742 12.49%
Other Current ExpendituresProjection $1,035,584 $368,303 36% $323,119 31% $285,604 28% $977,026Actual
Utilities $0 $0 $0 $0Other $295,452 $193,400 ($91,311) $397,542
Actual Expenditures: $295,452 29% $193,400 19% ($91,311) -9% $397,542Variance ($72,851) -7% ($129,718) -13% ($376,916) -36% ($579,484) -59.31% 3/
TransfersProjection $0 $0 $0 $0 $0Actual $0 $0 ($29,540) n/a ($29,540)Variance $0 $0 ($29,540) n/a ($29,540) budget=0
Expenditures, RTRF Projection $2,396,284 $651,890 27% $600,811 25% $579,190 24% $1,831,892 Actual $535,558 22% $439,947 18% $354,103 15% $1,329,609 Variance ($116,331) -5% ($160,864) -7% ($225,087) -9% ($502,283) -27.42%
Net Operating Income (Revenue - Expenditures/Transfers) $121,393 $242,004 ($354,103) $9,293
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Community Colleges: Research and Training RF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 37 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHCC Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $22,599,411 $7,708,775 34% $4,367,631 19% $4,400,488 19% $16,476,894 Actual $6,859,871 30% $3,350,276 15% $3,770,279 17% $13,980,426 Variance ($848,904) -4% ($1,017,355) -5% ($630,209) -3% ($2,496,468) -15.15% 4/
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $10,959,443 $4,438,316 40% $2,316,333 21% $1,936,949 18% $8,691,599Actual
Regular Employee Payroll $2,375,472 $1,110,251 $1,099,335 $4,585,057Non-Regular Employee Payroll $206,024 $204,698 $171,156 $581,877Lecturer Payroll $1,328,546 $474,119 $399,324 $2,201,989Student Help Payroll $281,466 $220,257 $184,275 $685,998
Actual Expenditures: $4,191,507 38% $2,009,325 18% $1,854,089 17% $8,054,921Variance ($246,809) -2% ($307,008) -3% ($82,860) -1% ($636,678) -7.33%
Other Current ExpendituresProjection $11,050,359 $2,090,689 19% $2,811,240 25% $2,627,487 24% $7,529,416Actual
Utilities $92,057 $75 $25 $92,157Other $1,783,700 $1,768,151 $1,924,937 $5,476,789
Actual Expenditures: $1,875,757 17% $1,768,226 16% $1,924,962 17% $5,568,945Variance ($214,932) -2% ($1,043,014) -9% ($702,525) -6% ($1,960,471) -26.04% 5/
Transfers Projection $589,609 $3,169 1% $61,376 10% $18,655 3% $83,200Actual $2,090,131 354% ($290,457) -49% ($1,189,504) -202% $610,170Variance $2,086,962 354% ($351,832) -60% ($1,208,159) -205% $526,970 633.38% 6/
Expenditures, Other Non-General Funds Projection $22,599,411 $6,532,174 29% $5,188,949 23% $4,583,092 20% $16,304,215 Actual $8,157,395 36% $3,487,094 15% $2,589,547 11% $14,234,037 Variance $1,625,221 7% ($1,701,855) -8% ($1,993,544) -9% ($2,070,179) -12.70%
Net Operating Income (Revenue - Expenditures/Transfers) ($1,297,524) ($136,819) $1,180,731 ($253,611)
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Community Colleges: Other Non-General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 38 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UHCC Footnotes
UH COMMUNITY COLLEGES FOOTNOTES:
1/Variances between initial Projection and Current Allocation can be attributed to the net effects of Collective Bargaining augmentations, imposing/releasing of Restrictions, distribution of Performance Funding, transfers between campuses, and release of funding for Special Appropriations.
2/Transfer variance is due to timing issues; transfers are recorded in different quarters in different fiscal years. For FY 2016, transfers for the UH Foundation assessment, Risk Management assessment, and Energy Conservation and Alternative Energy projects debt service were recorded earlier than in prior years and the transfer for the Capital Projects Management System assessment is a new assessment starting in FY 2016.
3/ RTRF funds budgeted for utilities expenses were not used due to decrease in total electricity expenses paid for the first three quarters of the fiscal year.
4/
Revenues for the Other Non-General funds category are primarily from the Community Colleges Special Fund (CCSF), Conference Center Revolving Fund, and Student Activities Revolving Fund. Revenue decrease due in part to lower than anticipated demand for non-credit offerings by the public. The level of activity and timing of revenues collected for the various programs that comprise the Community College Special Fund and the Conference Center program fund vary from year to year.
5/Expenditures for the Other Non-General funds category are primarily from the Community Colleges Special Fund (CCSF), Conference Center Revolving Fund, and Student Activities Revolving Fund. Expenditure decrease due in part to lower than anticipated demand for non-credit offerings by the public. The level of activity and timing of payments for the various programs that comprise the Community College Special Fund and the Conference Center program vary from year to year.
6/
Transfer variance is due to timing of transfers recorded in different quarters in different fiscal years. Transfer for the Culinary Institute of the Pacific debt service payment ($408.1K) was recorded by March 31 for the current fiscal year and recorded after March 31 in prior years. Transfers for the Leeward Education Center (47.5K) and Palamanui campus (154.5K) April 1 debt service payments were transferred from the Revenue Undertaking SF by March 31. However, offsetting transfers from the Tuition & Fees SF to fund the debt service payments were not recorded by quarter end closing.
Current Criteria for Footnotes: Year-to-Date "% Variance" is greater than 10% and dollar amount of variance is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeFor Period Ending March 31, 2016
UH Community Colleges Footnotes
Page 39 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : SW GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $49,590,637 $49,590,637 100% 0% 0% $49,590,637 Allocation $49,119,240 99% ($5,233,016) -11% ($2,343,975) -5% $41,542,249 Variance ($471,397) -1% ($5,233,016) -11% ($2,343,975) -5% ($8,048,388) -16.23% 1/
General Funds Expenditures
PersonnelProjection $31,998,162 $7,640,918 24% $7,813,815 24% $7,935,046 25% $23,389,779Actual
Regular Employee Payroll $7,899,777 $7,899,277 $7,025,079 $22,824,133Non-Regular Employee Payroll $96,484 $132,828 $139,784 $369,097Lecturer Payroll $0 $0 $0 $0Student Help Payroll $275,588 $229,297 $223,078 $727,962
Actual Expenditures: $8,271,850 26% $8,261,402 26% $7,387,941 23% $23,921,192Variance $630,931 2% $447,587 1% ($547,105) -2% $531,413 2.27%
Other Current Expenditures Projection $5,976,196 $130,324 2% $766,371 13% $938,054 16% $1,834,750 Actual
Utilities $0 $0 $0 $0Other $254,290 $1,575,200 $739,501 $2,568,991
Actual Expenditures: $254,290 4% $1,575,200 26% $739,501 12% $2,568,991 Variance $123,966 2% $808,829 14% ($198,554) -3% $734,241 40.02% 2/
Transfers (B+ Scholarships)Projection $3,000,000 $0 $1,500,000 50% $0 $1,500,000Actual $0 $1,500,000 50% $0 $1,500,000Variance $0 $0 0% $0 $0 0.00%
Expenditures, General Funds Projection $40,974,358 $7,771,242 19% $10,080,186 25% $8,873,101 22% $26,724,529 Actual $8,526,139 21% $11,336,602 28% $8,127,442 20% $27,990,183 Variance $754,897 2% $1,256,415 3% ($745,659) -2% $1,265,654 4.74%
Net Operating Income (Revenue - Expenditures/Transfers) $40,593,101 ($16,569,618) ($10,471,417) $13,552,066
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Systemwide Programs: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 40 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : SW TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $679,720 $232,570 34% $102,015 15% $125,607 18% $460,192 Actual $287,220 42% $124,590 18% $143,730 21% $555,540 Variance $54,650 8% $22,575 3% $18,123 3% $95,348 20.72%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $3,119,260 $686,237 22% $780,937 25% $739,780 24% $2,206,955Actual
Regular Employee Payroll $222,719 $219,434 $1,047,091 $1,489,244Non-Regular Employee Payroll $0 $1,520 $0 $1,520Lecturer Payroll $0 $0 $0 $0Student Help Payroll $0 $0 $0 $0
Actual Expenditures: $222,719 7% $220,954 7% $1,047,091 34% $1,490,764Variance ($463,518) -15% ($559,984) -18% $307,310 10% ($716,191) -32.45% 3/
Other Current ExpendituresProjection $6,856,146 $1,929,190 28% $2,189,167 32% $3,153,798 46% $7,272,156Actual
Utilities $2,571 $3,503 $3,564 $9,638Other $1,090,424 $2,326,241 $3,069,416 $6,486,082
Actual Expenditures: $1,092,996 16% $2,329,745 34% $3,072,979 45% $6,495,720Variance ($836,194) -12% $140,577 2% ($80,819) -1% ($776,436) -10.68% 4/
TransfersProjection ($8,885,627) ($266,569) 3% ($5,061,718) 57% ($3,418,382) 38% ($8,746,669)Actual ($233,813) 3% ($5,757,031) 65% ($2,938,318) 33% ($8,929,162)Variance $32,756 0% ($695,313) 8% $480,064 -5% ($182,494) 2.09%
Expenditures, TFSF Projection $1,089,779 $2,348,858 216% ($2,091,613) -192% $475,197 44% $732,442 Actual $1,081,902 99% ($3,206,332) -294% $1,181,752 108% ($942,679) Variance ($1,266,956) -116% ($1,114,719) -102% $706,555 65% ($1,675,120) -228.70%
Net Operating Income (Revenue - Expenditures/Transfers) ($794,682) $3,330,922 ($1,038,022) $1,498,219
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Systemwide Programs: Tuition and Fees SF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 41 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : SW RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $15,304,527 $3,826,132 25% $3,826,132 25% $3,826,132 25% $11,478,396 Actual ($4,824,275) -32% $17,985,306 118% $3,464,452 23% $16,625,483 Variance ($8,650,406) -57% $14,159,174 93% ($361,680) -2% $5,147,088 44.84% 5/
Research and Training RF Expenditures/Transfers
PersonnelProjection $5,002,629 $1,160,951 23% $1,328,172 27% $1,310,774 26% $3,799,898Actual
Regular Employee Payroll $1,218,362 $1,257,603 $1,258,040 $3,734,005Non-Regular Employee Payroll $23,692 $15,651 $7,567 $46,911Lecturer Payroll $0 $0 $0 $0Student Help Payroll $13,756 $12,212 $11,709 $37,676
Actual Expenditures: $1,255,810 25% $1,285,466 26% $1,277,316 26% $3,818,592Variance $94,859 2% ($42,706) -1% ($33,458) -1% $18,694 0.49%
Other Current ExpendituresProjection $9,950,381 $2,786,107 28% $1,452,036 15% $3,727,108 37% $7,965,250Actual
Utilities $0 $0 $0 $0Other $2,943,445 $1,420,009 $1,954,960 $6,318,415
Actual Expenditures: $2,943,445 30% $1,420,009 14% $1,954,960 20% $6,318,415Variance $157,338 2% ($32,026) 0% ($1,772,148) -18% ($1,646,836) -20.68% 6/
TransfersProjection $190,728 $26,184 14% $247,434 130% ($20,502) -11% $253,117Actual ($124,175) -65% $107,500 56% ($455,717) -239% ($472,392)Variance ($150,359) -79% ($139,934) -73% ($435,215) -228% ($725,509) -286.63% 7/
Expenditures, RTRF Projection $15,143,738 $3,973,242 26% $3,027,642 20% $5,017,380 33% $12,018,265 Actual $4,075,080 27% $2,812,975 19% $2,776,559 18% $9,664,614 Variance $101,838 1% ($214,667) -1% ($2,240,821) -15% ($2,353,651) -19.58%
Net Operating Income (Revenue - Expenditures/Transfers) ($8,899,354) $15,172,331 $687,893 $6,960,870
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Systemwide Programs: Research and Training RF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 42 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : SW Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $3,407,760 $568,456 17% $860,800 25% $860,800 25% $2,290,056 Actual $522,956 15% $720,611 21% $4,332,670 127% $5,576,237 Variance ($45,499) -1% ($140,189) -4% $3,471,870 102% $3,286,181 143.50% 8/
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $920,044 $291,817 32% $206,936 22% $261,091 28% $759,845Actual
Regular Employee Payroll $194,977 $196,803 $197,873 $589,653Non-Regular Employee Payroll $0 $0 $0 $0Lecturer Payroll $0 $0 $0 $0Student Help Payroll $3,298 $2,373 $1,879 $7,550
Actual Expenditures: $198,275 22% $199,176 22% $199,752 22% $597,204Variance ($93,542) -10% ($7,761) -1% ($61,339) -7% ($162,641) -21.40%
Other Current ExpendituresProjection $7,627,488 $2,735,072 36% $1,493,989 20% $2,266,888 30% $6,495,949Actual
Utilities $0 $0 $0 $0Other $2,523,684 $1,587,793 $2,633,117 $6,744,593
Actual Expenditures: $2,523,684 33% $1,587,793 21% $2,633,117 35% $6,744,593Variance ($211,388) -3% $93,804 1% $366,229 5% $248,645 3.83%
Transfers Projection ($4,876,834) ($634,236) 13% ($3,146,533) 65% ($1,894,938) 39% ($5,675,708)Actual ($250,760) 5% ($3,428,237) 70% ($522,897) 11% ($4,201,894)Variance $383,476 -8% ($281,704) 6% $1,372,041 -28% $1,473,814 -25.97% 9/
Expenditures, Other Non-General Funds Projection $3,670,698 $2,392,653 65% ($1,445,608) -39% $633,041 17% $1,580,086 Actual $2,471,199 67% ($1,641,268) -45% $2,309,972 63% $3,139,903 Variance $78,546 2% ($195,660) -5% $1,676,931 46% $1,559,817 98.72%
Net Operating Income (Revenue - Expenditures/Transfers) ($1,948,242) $2,361,879 $2,022,697 $2,436,334
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH Systemwide Programs: Other Non-General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 43 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : SW Footnotes
UH SYSTEMWIDE PROGRAMS FOOTNOTES:
1/
The variance is due to General Fund transfers. In Quarter 2, Systemwide transferred out $6,443,016 to Other UH Programs: $1,454,696 for Academy for Creative Media; $800,000 for Worker's Compensation and Unemployment Insurance; $187,000 for Psychiatric/Counseling & Disability Services and Career Development & Student Employment; $322,242 for Na Pua No'eau; and $3,679,078 for performance targets and student achievement. System received a transfer in of $760,000 from UH Hilo Small Business Development Center (Vice President for Research and Innovation RTRF swap) and $450,000 in a Special Appropriation for the Graduation Pathway System. Net transfer out in Quarter 2 was $5,233,016. At the time of revenue projection, the Special Appropriation was not included.
2/ The rise in General Fund expenditures is primarily due to the addition of new Systemwide programs such as the Office of Institutional Equity, Office of Sustainability and Native Hawaiian Initiatives.
3/ Payroll expenses to NTFSF Fiscal Services, NTFSF Vice President for Research and Innovation, and Banner accounts will occur later this fiscal year for budgeting purposes.
4/ Timing issue due to the first installment of the UH Foundation contract being made in Quarter 2.5/ Timing issue that RTRF revenues were realized, but the transfers to the campuses did not record in the same quarter. 6/ Lower expenditures in Quarter 3 than anticipated.7/ Timing issue that the transfers to the Systemwide programs did not record in Quarter 3.
8/Timing of the transfer of the Build American Bond distribution did not occur in the same quarter as the recognized revenue. The rise in third quarter revenue is also due to a ITS contract payment received once every five years.
9/There are two significant transfers that typically occur during Quarter 2 in Other Special Funds: the Risk Management assessment and a partial transfer of the B Plus Scholarship funds to the campuses. Together, both assessments represent the majority of the total projected Other Special Funds transfers. However timing issues with both transfers occurred in previous fiscal years, thus attributing to the skewed Quarter 3 projection.
Current Criteria for Footnotes: Year-to-Date "% Variance" is greater than 10% and dollar amount of variance is greater than $500,000.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeFor Period Ending March 31, 2016
UH Systemwide Programs Footnotes
Page 44 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UH GF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
General Funds Revenue
Projection $439,864,740 $439,864,740 100% $0 $439,864,740 Allocation $432,084,364 98% $765,000 0% $4,552,975 1% $437,402,339 Variance ($7,780,376) -2% $765,000 0% $4,552,975 1% ($2,462,401) -0.56%
General Funds Expenditures
PersonnelProjection $419,905,810 $103,831,329 25% $108,915,320 26% $108,196,528 26% $320,943,177Actual
Regular Employee Payroll $96,053,546 $102,591,204 $102,865,293 $301,510,043Non-Regular Employee Payroll $106,137 $143,291 $193,506 $442,934Lecturer Payroll $1,104,776 $6,622,379 $6,401,318 $14,128,473Student Help Payroll $288,117 $277,041 $269,020 $834,177
Actual Expenditures: $97,552,576 23% $109,633,914 26% $109,729,137 26% $316,915,628Variance ($6,278,753) -1% $718,594 0% $1,532,609 0% ($4,027,549) -1.25%
Other Current Expenditures Projection $11,342,651 $530,056 5% $2,599,540 23% $1,352,555 12% $4,482,151 Actual
Utilities $227,737 $194,636 $161,282 $583,655Other $384,993 $3,584,803 $1,031,112 $5,000,908
Actual Expenditures: $612,730 5% $3,779,439 33% $1,192,394 11% $5,584,564 Variance $82,674 1% $1,179,899 10% ($160,161) -1% $1,102,413 24.60%
Expenditures, General Funds Projection $431,248,461 $104,361,385 24% $111,514,860 26% $109,549,083 25% $325,425,327 Actual $98,165,306 23% $113,413,354 26% $110,921,532 26% $322,500,191 Variance ($6,196,079) -1% $1,898,494 0% $1,372,449 0% ($2,925,136) -0.90%
Net Operating Income (Revenue - Expenditures/Transfers) $333,919,058 ($112,648,354) ($106,368,557) $114,902,148
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH System: General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 45 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UH TFSF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Tuition and Fees SF Revenue
Projection $345,239,110 $180,794,352 52% $132,333,215 38% $31,920,683 9% $345,048,249 Actual $182,588,434 53% $130,325,782 38% $34,293,456 10% $347,207,673 Variance $1,794,083 1% ($2,007,432) -1% $2,372,773 1% $2,159,424 0.63%
Tuition and Fees SF Expenditures/Transfers
PersonnelProjection $142,177,113 $37,503,167 26% $33,457,765 24% $32,804,317 23% $103,765,249Actual
Regular Employee Payroll $29,238,072 $21,561,665 $22,071,478 $72,871,215Non-Regular Employee Payroll $1,068,522 $1,295,766 $1,192,057 $3,556,345Lecturer Payroll $2,436,035 $4,188,346 $3,894,900 $10,519,282Student Help Payroll $2,222,360 $2,595,506 $2,274,306 $7,092,173
Actual Expenditures: $34,964,990 25% $29,641,283 21% $29,432,741 21% $94,039,014Variance ($2,538,178) -2% ($3,816,482) -3% ($3,371,576) -2% ($9,726,236) -9.37%
Other Current ExpendituresProjection $146,373,858 $36,576,135 25% $37,588,510 26% $42,579,925 29% $116,744,570Actual
Utilities $14,555,893 $10,320,969 $8,015,537 $32,892,400Other $22,558,787 $21,692,335 $30,567,948 $74,819,070
Actual Expenditures: $37,114,680 25% $32,013,304 22% $38,583,485 26% $107,711,470Variance $538,545 0% ($5,575,206) -4% ($3,996,439) -3% ($9,033,101) -7.74%
TransfersProjection $54,306,081 $4,003,013 7% $3,150,274 6% $2,253,967 4% $9,407,254Actual $5,037,059 9% $5,231,472 10% $3,410,853 6% $13,679,385Variance $1,034,046 2% $2,081,199 4% $1,156,886 2% $4,272,130 45.41%
Expenditures, TFSF Projection $342,857,052 $78,082,316 23% $74,196,549 22% $77,638,209 23% $229,917,074 Actual $77,116,729 22% $66,886,060 20% $71,427,079 21% $215,429,868 Variance ($965,587) 0% ($7,310,490) -2% ($6,211,130) -2% ($14,487,206) -6.30%
Net Operating Income (Revenue - Expenditures/Transfers) $105,471,705 $63,439,723 ($37,133,623) $131,777,805
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH System: Tuition and Fees SF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 46 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UH RTRF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Research and Training RF
Projection $48,909,739 $12,227,435 25% $12,227,435 25% $12,227,435 25% $36,682,305 Actual $4,334,776 9% $19,642,484 40% $10,985,967 22% $34,963,226 Variance ($7,892,659) -16% $7,415,049 15% ($1,241,468) -3% ($1,719,078) -4.69%
Research and Training RF Expenditures/Transfers
PersonnelProjection $15,252,022 $3,594,008 24% $3,085,932 20% $3,608,699 24% $10,288,640Actual
Regular Employee Payroll $3,890,534 $3,609,276 $3,801,903 $11,301,713Non-Regular Employee Payroll $174,347 $136,113 $105,902 $416,362Lecturer Payroll $684 $7,786 $2,400 $10,871Student Help Payroll $121,925 $75,852 $49,851 $247,628
Actual Expenditures: $4,187,490 27% $3,829,026 25% $3,960,057 26% $11,976,573Variance $593,482 4% $743,094 5% $351,358 2% $1,687,934 16.41%
Other Current ExpendituresProjection $28,701,890 $6,058,097 21% $6,330,733 22% $7,236,538 25% $19,625,369Actual
Utilities $422,384 $1,591,673 $2,530,954 $4,545,010Other $8,755,125 $7,189,462 $4,084,674 $20,029,261
Actual Expenditures: $9,177,509 32% $8,781,135 31% $6,615,628 23% $24,574,272Variance $3,119,412 11% $2,450,402 9% ($620,911) -2% $4,948,903 25.22%
TransfersProjection ($940,940) $73,798 -8% ($357,588) 38% ($294,901) 31% ($578,691)Actual $1,316,447 -140% $500 0% $673,680 -72% $1,990,627Variance $1,242,650 -132% $358,088 -38% $968,581 -103% $2,569,319 -443.99%
Expenditures, RTRF Projection $43,012,972 $9,725,903 23% $9,059,078 21% $10,550,336 25% $29,335,317 Actual $14,681,446 34% $12,610,661 29% $11,249,365 26% $38,541,472 Variance $4,955,543 12% $3,551,583 8% $699,028 2% $9,206,155 31.38%
Net Operating Income (Revenue - Expenditures/Transfers) ($10,346,670) $7,031,822 ($263,398) ($3,578,246)
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH System: Research and Training RF
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 47 of 49
Last Updated: May 6, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : UH Other NGF
Projection Quarter 1% of
Annual Quarter 2% of
Annual Quarter 3% of
Annual Quarter 4 Year-to-Date%
Variance
Other Non-General Funds Revenue
Projection $171,593,872 $68,890,067 40% $46,931,345 27% $34,291,555 20% $150,112,967 Actual $66,283,863 39% $45,380,987 26% $33,809,584 20% $145,474,435 Variance ($2,606,204) -2% ($1,550,357) -1% ($481,971) 0% ($4,638,533) -3.09%
Other Non-General Funds Expenditures/Transfers
PersonnelProjection $66,883,731 $18,168,208 27% $16,279,884 24% $16,018,535 24% $50,466,627Actual
Regular Employee Payroll $13,657,697 $12,467,444 $12,091,357 $38,216,498Non-Regular Employee Payroll $505,179 $533,151 $495,232 $1,533,562Lecturer Payroll $1,445,621 $591,689 $527,721 $2,565,031Student Help Payroll $1,863,860 $1,615,084 $1,490,997 $4,969,941
Actual Expenditures: $17,472,357 26% $15,207,369 23% $14,605,307 22% $47,285,033Variance ($695,851) -1% ($1,072,515) -2% ($1,413,228) -2% ($3,181,594) -6.30%
Other Current ExpendituresProjection $159,486,780 $45,303,608 28% $23,262,483 15% $53,198,997 33% $121,765,087Actual
Utilities $1,502,765 $1,687,848 $1,603,986 $4,794,599Other (Note a) $42,015,057 $29,371,420 $46,835,008 $118,221,484
Actual Expenditures: $43,517,821 27% $31,059,267 19% $48,438,994 30% $123,016,083Variance ($1,785,786) -1% $7,796,784 5% ($4,760,002) -3% $1,250,996 1.03%
Transfers (Note b)Projection ($43,899,153) $8,237,888 -19% ($1,373,137) 3% ($2,514,289) 6% $4,350,462Actual $18,007,912 -41% ($10,980,730) 25% $2,487,685 -6% $9,514,867Variance $9,770,024 -22% ($9,607,593) 22% $5,001,974 -11% $5,164,405 118.71%
Expenditures, Other Non-General Funds Projection $182,471,358 $71,709,703 39% $38,169,229 21% $66,703,243 37% $176,582,176 Actual $78,998,090 43% $35,285,906 19% $65,531,986 36% $179,815,982 Variance $7,288,387 4% ($2,883,323) -2% ($1,171,257) -1% $3,233,806 1.83%
Net Operating Income (Revenue - Expenditures/Transfers) ($12,714,227) $10,095,081 ($31,722,402) ($34,341,547)
a/ Includes expenditures for tuition scholarships for 4-year institutions. These expenditures are covered by a transfer of cash from the TFSF in the 4th Quarter.b/ Includes transfer-in from TFSF to cover tuition scholarships (see Note 1) in the 4th Quarter.
University of Hawaii - FY 2016 Quarterly Financial Report: Net Operating IncomeUH System: Other Non-General Funds
For Period Ending March 31, 2016
FY 2016 Year-to-Date
Page 48 of 49
Last Updated: February 3, 2016File: FY16 BOR Qtrly Report_NOI - Qtr3 Final : Definitions
Projection Column
Quarterly Projections
Quarterly Actuals Actual Revenue, Expenditure and Transfer balances for each quarter
Quarterly Variance Difference between quarterly actual and quarterly projection [Quarterly Actual] - [Quarterly Projection]
% of Annual
Year-to-Date Projection
Year-to-Date Actual
Year-to-Date Variance Difference between YTD Actual and YTD Projection [YTD Actual] - [YTD Projection]
[YTD Variance] / [YTD Projection]
General Funds
Quarterly Appropriation
Quarterly Allocation
Year-to-Date Allocation
Current Allocation (ties to most current A-19 allocation)
[Annual Projection] x [quarterly percentages from Quarterly Comparison worksheets]
Quarterly Projection, Actual and Variance amounts as a percentage of the annual Projection
Actual Revenue, Expenditures and Transfers as of the end of the respective quarter
General Funds: [Allocation] - [Actual Expenditures]Non-General Funds: [Actual Revenue] - [Actual Expenditures]Net Operating Income
General Funds: Difference between quarterly Allocation and quarterly ExpendituresGeneral Funds: Difference between quarterly Revenue and quarterly Expenditures/Transfers
Qtr 1: Allocation as of 09/30/15 (A-19 amounts)Qtrs 2-4: Any changes to allocation during that quarter (A-19 amendments)
Revenue, Expenditure and Transfer projections approved by the BOR via the FY16 Operating Budget worksheets
Qtr 1: Equals annual GF projection from Operating Budget worksheetsQtrs 2-4: Not applicable
Quarterly Financial Report: Net Operating Income
Revenue, Expenditure and Transfer projections for each quarter
Revenue, Expenditure and Transfer projections as of the end of the respective quarter
% Variance YTD Variance as a percentage of the YTD Projection
Definitions
Page 49 of 49