Officers of Administration Annual Meeting October 10th, 2013.
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Transcript of Officers of Administration Annual Meeting October 10th, 2013.
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Officers of Administration Annual Meeting
October 10th, 2013
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Agenda
• Financial Update• Governance Transition• Other Key Initiatives• Questions
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Financial Update
• Overview – UO Budget Structure• Financial Update – End of FY13• Projected Revenue Streams – FY14
and beyond• Key Issues Going Forward
3
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School & College Budgets
UO Budget Structure
4
E&G Funds Other Funds
Central AdminBudgets
Insitutional Expenses(Debt, assessments,
utilities, leases)
• Tuition revenue• State Appropriation• F&A Return• Overhead revenue• Fee revenue, interest earnings
• Grants and Contracts revenue• Auxiliary Revenue• Service Center Revenue• Designated Operations Revenue• Restricted gifts
Grants & Contracts
Plant Funds
Auxiliary, Service Centers, and Designated
Ops Funds
Restricted Gifts
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Financial ResourcesFY2013 Revenue Streams
5
State Appropriation $46.4 million
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Decreased levels of State Appropriation
Loss of more
than $30 million
of annual support per year
FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 $-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
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University ResourcesFY2013 Revenue Streams
7
State Appropriation $46.4 million
Resident Tuition $119.1 million
Non-resident Tuition $241.8 million
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FY2004 - Revenue Breakdown
Nonresident Tuition as % of Total Three sourcesResident Tuition as % of Total Three sourcesState Appropriation as % of Total Three sources
FY2013 - Revenue Breakdown
Nonresident Tuition as % of Total Three sourcesResident Tuition as % of Total Three sourcesState Appropriation as % of Total Three sources
Increasing Dependence Upon Non-Resident Tuition
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School & College Budgets
UO Budget Structure
9
E&G Funds Other Funds
Central AdminBudgets
Institutional Expenses(Debt, assessments,
utilities, leases)
• Tuition revenue• State Appropriation• F&A Return• Overhead revenue• Fee revenue, interest earnings
• Grants and Contracts revenue• Auxiliary Revenue• Service Center Revenue• Designated Operations Revenue• Restricted gifts
Grants & Contracts
Plant Funds
Auxiliary, Service Centers, and Designated
Ops Funds
Restricted Gifts
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End of FY09 (4.6%) End of FY10 (11.1%) End of FY11 (14.7%) End of FY12 (15.6%) Projected End of FY13 (14.7%)
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
E&G Fund Balance(millions)
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E&G Carry Forward Balances
0.48% 3.89%
46.17%
20.28%
9.68%
14.90%
3.51% 0.32% 0.76%
E&G Carry Forward into FY09
President's Office
Senior VP & Provost
Schools & Colleges
VP - Academic Affairs
VP - Finance & Admin
VP - Research & Graduate School
VP - Student Affairs
VP University Development
VP - University Relations
2%
5%
63.96%
18%
5%4%
1% 0% 2%
Projected E&G Carry Forward into FY14
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School & College Budgets
UO Budget Structure
12
E&G Funds Other Funds
Central AdminBudgets
Institutional Expenses(Debt, assessments,
utilities, leases)
• Tuition revenue• State Appropriation• F&A Return• Overhead revenue• Fee revenue, interest earnings
• Grants and Contracts revenue• Auxiliary Revenue• Service Center Revenue• Designated Operations Revenue• Restricted gifts
Grants & Contracts
Plant Funds
Auxiliary, Service Centers, and Designated
Ops Funds
Restricted Gifts
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Unrestricted Net Assets(thousands)
End of FY09 End of FY10 End of FY11 End of FY12 Estimate - End of FY13 $-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
2.5Weeks
4.5Weeks
6.8Weeks
7.2Weeks
7.0Weeks
Operating Cost
Coverage
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Agenda
• Overview – UO Budget Structure• Financial Update – End of FY13• Projected Revenue Streams – FY14
and beyond• Key Issues Going Forward
14
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Major Recurring Sources of Operating Funds – E&G Funds (Pre PERS Buy Out)
• Tuition revenue– Resident Undergraduate – capped at 3.5% FY14 & FY15– Non-Resident Undergraduate – market pressure
• State Appropriation – Early projection without buy-down: 1.1% increase in
FY14 and 3.0% increase in FY15 (3.0%/4.8% with buy down)
• F&A Return– Dropped $1.5 million in FY13 and likely to drop another
$1.0 million in FY14
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Major Recurring Sources of Operating Funds – E&G Funds
FY2012 FY2013FY2014 -
ProjectionsFY2015 -
Projections Notes:
Net UG Tuition $ 243,200,000 $ 264,200,000 $ 269,500,000 $ 275,000,000
Assumes approximately 3% average FY15 tuition inrease, no substantive change of plan in size or mix of UG population. FY14 permanent $859K tuition buy down for state app; assumes additional $859K tuition buy down in FY15
Net G Tuition (after GTF/Law rem) $ 36,100,000 $ 34,900,000 $ 34,300,000 $ 35,200,000 Probably an overestimate in FY2015
Summer Session $ 13,700,000 $ 17,300,000 $ 18,700,000 $ 19,200,000 Possibly an underestimate in FY15
Continuing Education $ 10,200,000 $ 11,800,000 $ 12,200,000 $ 12,500,000 Also might be an underestimate in FY15
Other Tuition and Fees* $ 11,300,000 $ 12,200,000 $ 13,500,000 $ 14,100,000
* Matriculation, Special Student Tuition, 17XXXX (approx 8M), New International Fee inFY14 - ramping up over 4 years. Other assumptions same as tuition.
State Appropriation $ 50,300,000 $ 46,400,000 $ 47,800,000 $ 50,100,000
Gross State Appropriation; includes $859K FY14 tuition buy down and additional $859K FY15 tuition buy down; also includes estimate of recurring incentive funds - same as FY13 ($617K)
Overhead $ 6,800,000 $ 8,600,000 $ 8,500,000 $ 8,800,000 New rate structures ramping up over four years
F and A recovery $ 20,700,000 $ 19,200,000 $ 18,200,000 $ 17,300,000 FY14 and 15 estimates carry substantial uncertaintyTotal Operating Funds $ 392,300,000 $ 414,600,000 $ 422,700,000 $ 432,200,000
Year to year growth 5.68% 1.95% 2.25%
3.28%Annualized Growth Rate over three years.
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Key Issues Going Forward
• Salary increase funding in the context of available revenue
• Human & Capital infrastructure to support campus growth
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FY2008 (Fall) FY2009 (Fall) FY2010 (Fall) FY2011 (Fall) FY 2012 (Fall) FY 2013 (Fall)18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
20,376
21,507
22,386
23,389
24,398 24,591
UO Office of Enrollment Management, November 4, 2011
Context: Rapidly Growing Student Enrollment
CONFIDENTIAL – INTERNAL ADVISORY COMMUNICATION
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Year Students Tenure Related Faculty
Student / Tenure Related Faculty Ratio
FY2008 20,376 642 31.74FY2009 21,507 646 33.29FY2010 22,386 660 33.92FY2011 23,389 683 34.24FY2012 24,398 697 35.00FY2013 24,591 715 34.39
Additional Tenure Related Faculty Hiring
CONFIDENTIAL – INTERNAL ADVISORY COMMUNICATION
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Student / Tenure Related Faculty Ratio
FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 30.00
31.00
32.00
33.00
34.00
35.00
36.00
To return to FY2008 Ratio of 31.7 – Need 60 Tenure Related Faculty
To return to FY2000 Ratio of 27.9 – Need 166 Tenure Related Faculty
CONFIDENTIAL – INTERNAL ADVISORY COMMUNICATION
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Classroom Infrastructure
CONFIDENTIAL – INTERNAL ADVISORY COMMUNICATION
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Key Issues Going Forward
• Salary increase funding in the context of available revenue
• Human & Capital infrastructure to support campus growth
• PERS and PEBB Costs
22
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Governance Board
• New University of Oregon Board of Trustees• Major functions University of Oregon will likely take over
from State Board of Higher Education– Treasury Functions (Debt & Cash Management)– Preparation of Audited Financial Statements– Payroll tax reporting– Internal Audit– Retainer contracts, P-Card Program– Risk Management (TBD)
• Ongoing discussions: Shared Services and governance structure for regional and technical institutions
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Other Key Initiatives
• New CHRO / Restructuring HR Functions• New Version of Academic Budget Model • Expanded Focus of Tuition & Fee
Advisory Board• Implementation of new faculty CBA• Development of facilities plans
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Questions?
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