Budget Update FY 12 Mid Year Revenue Analysis

andFY 13 Budget Planning

Budget Update FY 12 Mid Year Revenue Analysis

andFY 13 Budget Planning

Janet Parker, Associate Vice President, Financial Affairs Mary Simon, Senior Director, Budget Development & Planning

PRESENTATION TO THE UNIVERSITY STRATEGIC RESOURCE PLANNING COUNCILJANUARY 26, 2012

Janet Parker, Associate Vice President, Financial Affairs Mary Simon, Senior Director, Budget Development & Planning

PRESENTATION TO THE UNIVERSITY STRATEGIC RESOURCE PLANNING COUNCILJANUARY 26, 2012

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UT System Office of Strategic Initiatives Report

UT System Office of Strategic Initiatives Report

Undergraduate Fall Tuition & Fee Price & Operational Revenue – January 12, 2012

Posted at Financial Affairs /Budget Website:

http://www.utsa.edu/financialaffairs/Budget/docs/pdf/uts-undergradFallTuition.pdf

Undergraduate Fall Tuition & Fee Price & Operational Revenue – January 12, 2012

Posted at Financial Affairs /Budget Website:

http://www.utsa.edu/financialaffairs/Budget/docs/pdf/uts-undergradFallTuition.pdf

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Cumulative Rate Increase since Fall 03UT Dallas 110%UTSA 98.2%UT Arlington 96.4%UTEP 89.4%UT Austin 79.9%

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Amounts above adjusted for inflation

Cumulative Change since 03-04UT Arlington -33.7%UTEP -17.4%UT Dallas -16.8%UT Austin -12.3%UTSA - 5.6%

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Above amounts adjusted for inflation 5

Mid Year Tuition & Fee Revenue Projections

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Tuition and Student Fee Revenue ProjectionsTuition and Student Fee Revenue Projections

TOTAL Tuition Statutory Tuition Designated Tuition

Lab & Supplemental Fees

TOTAL Mandatory Student Fees Designated - Mandatory Fees Auxiliary - Mandatory Fees

TOTAL Incidental Student Fees Designated Program, Course Fees Auxiliary Student Parking

TUITION AND STUDENT FEES(before set asides for Tuition)

Budget FY2012

$143,90644,69599,211

261

$68,07741,57726,500

$22,36118,976

3,385

$234,605

Forecast FY2012 *

$149,86347,602

102,261

281

$70,39743,03027,367

$23,28719,887

3,400

$243,828

% Increase over Budget

4.1%6.5%3.1%

7.7%

3.4%3.5%3.3%

4.1%4.8% 0.4%

3.9%

($000)

* Preliminary forecast pending Spring Census review

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0

100

200

300

400

500

600

700

800

900

1000

FY 2009 FY 2010 FY 2011 Frcst FY 2012

Grad Non-Res

Grad Res

UG Non-Res

UG Res

671.0

Revenue Generating Semester Credit HoursRevenue Generating Semester Credit Hours

693.1 714.3 716.4

(in th

ousa

nds)

SCH (in thousands)

81.5% of exemptions due to Hazelwood-a 3

fold increase over 3 yrs

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HC%

Chg SCH%

ChgTotal

Revenue Exempted

% Chg

FY 11-12 ESTIMATE

2,221 28% 23,434 36% 7,431,000 40%

FY 10-11 1,740 113% 17,170 165% $5,317,039 162%

FY 09-10 816 20% 6,488 23% 2,025,978 29%

FY 08-09 681 <8%> 5,263 <7%> 1,566,792 <3%>

FY 07-08 738 -- 5,665 -- 1,616,761 --

Hazelwood Exemption Trend

• Total revenue exempted includes all tuition & fees, except Student Service fees.• Hazelwood exemptions comprise 84% of total exemptions (FY12 est. = $8.9 Mil)

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We expect Hazelwood exemptions to continue to grow at a higher rate as more veterans exit the military.

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Revenue ProjectionsRevenue Projections Estimated revenue generating SCH (non-exempted) or

headcount depending on how fee is assessed TERM

FY 11 Actual

SCH

FY 12 Budgeted

SCH

Revised Projection

SCH

Chgover PYActual

Chg over CY

Budget

“Pending” Mid Yr

Adjstmt

FALL 334,735 327,740 342,659 7,924 2.4%

14,9194.6%

342,659

SPR 309,483 301,150 309,483 0 8,3332.8%

315,673

SUM 70,121 66,110 64,220 -5,901<8.4%>

-1,890<2.9%>

59,600

TOTAL

714,339 695,000 716,362 2,0230.28%

21,3623.1%

717,9323.3%

increase over budgetWill be adjusted based on Spring Census review

Actual FY 10-11 Certified “Paying” SCH and Headcount

Fall HC Fall 10 Spring

HC Spring 11 Sum

HC Sum 11 Total HC

% HC

Total SCH

% SCH

UG - Res 24,462 299,942 22,593 274,622 8,911 57,834 55,966 82.2%

632,398 88.5%

UG - NR 513 6,967 521 7,177 286 1,741 1,320 1.9%

15,885 2.2%

G - Res 3,456 21,580 3,353 21,468 1,756 8,522 8,565 12.6%

51,570 7.2%

G - NR 229 1,615 241 1,741 103 455 573 0.8% 3,811 0.5%

Doctoral Res 630 4,566 603 4,407 394 1,557 1,627 2.4%

10,530 1.5%

Doctoral NR 14 65 14 68 6 12 34 0.05%

145 0.1%

Total FY 11 29,304 334,735 27,325 309,483 11,456 70,121 68,085 100% 714,339 100%

Frcst FY12 29,840 342,659 27,325 309,483 10,746 64,219 67,911 -- 716,362 --

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1.2% 2.8% 1.7% <0.3%>

5.0% 5.5% 12.4% 1.3%

18.6% 17.8% 19.4%<4.1%>

14.0% 61.6% .9%<19.0%>

TOTAL

TOTAL

5.4% incr.

26.0% incr.

50.6% incr.

1.3% 23.3%3.1% 0.3%

60.0% incr.

8.1% incr.

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Cumulative Change

• Biggest % growth increase due to non-resident students• UG students account for 91% of SCH & 90% of Tuition & Fee revenue

FALL 2011 Semester

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Mid Year Budget Adjustments Mid Year Budget Adjustments

Current Year FY12• Mid Year Budget adjustments will be made to all

revenue accounts using Fall 11 Actual, Spring Census & 85% of prior year Summer SCH/Headcounts• Summer 12 enrollment unpredictable due to lack

of Pell awards• Financial Aid suggests Summer 12 enrollment

will be closer to FY09 – which is roughly 85% of what we budgeted

• Adjustments will be completed by end of February

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Tuition & Fee ProposalTuition & Fee Proposal

Graduation Rate Improvement Plan was very well received by UT System but required changes to draft proposal: Eliminate Energy fee and change designated tuition

rates to reflect exactly 2.600% increase in T&F net of Athletics increase for undergraduate total academic costs. Resulted in: New designated tuition rates: Increased designated tuition set asides for

financial aid Less total revenue to replace the lost funding to

the utility budget

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Tuition & Fee ProposalTuition & Fee Proposal

Undergraduate Designated Tuition

FY 2012 FY 2013 FY2014

New Rate $142.75 $150.25 $158.10

Proposed Rate $148.75 $156.75

Revised Per Semester Total Academic Cost (TAC)15 SCH

$4,541.25 $4,671

Proposed TAC $4542 $4674

Change to DT Set Aside $185,455 <$18,542>

Budget Planning Impact <$600,000> Utilities

<$125,000> Summer Session

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Tuition & Fee ProposalTuition & Fee Proposal

Graduate Designated Tuition

FY 2012 FY 2013 FY2014

New Rate $142.75 $159.50 $173.75

Proposed Rate $156.00 $169.50

Revised Per Semester Total Academic Cost (TAC)9 SCH

$3,566.80 $3,704.05

Proposed TAC NAV NAV

Change to DT Set Aside $30,793 $6,592

Revised proposal found at:http://www.utsa.edu/financialaffairs/docs/TF/TuitionandFeesProposalF12-F14.pdf

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FY13 Budget Planning FY13 Budget Planning

SCH basis for revenue projections will continue to be conservative

All new tuition revenue due to rate increases if approved, must be allocated towards the Graduation Rate Improvement Plan and graduate education as detailed in the Tuition & Fee proposal

Limits flexibility for other new funding awards, e.g. merit Possible reductions to state appropriations in the next

biennium beginning FY 14, including changes to formula could have a significant impact to UTSA

FY 13 “Resources & Requirements” will be developed for CMO to review in February

FY 13 Budget Planning CalendarFY 13 Budget Planning Calendar

Feb 1 Census Date Spring 2012 Semester

Feb 8 Board of Regents Budget Policies and Guidelines

Feb 24 Revenue Projections and Debt Service Budgets to Fee Funded areas

Mar 6 FY13 Status Quo Budget Preparation Begins by Departments

March Budget Planning by CMO & Strategic Resource Planning Council

March 30 FY13 Budget Documents are due to Budget Office

April 2 - 9 Preparation for UT System Budget Goals & Priorities Hearing

May 7 -10 Draft FY13 Operating Budget due to UT System

August 22 FY13 Operating Budgets approved by Board of Regents

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