UW-Platteville Financial OverviewNovember 2012

Robert Cramer - Vice ChancellorCathy Riedl-Farrey - Director, Financial Services

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• Summary of Funding Sources• UW-Platteville Financial Update

– 2011-12 Closing Balances (June 30, 2012)– Utilities– 2012-13 All Funds Budget– Tuition and enrollment– Budget Forecast model– TSI Detail– Debt Service Detail

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• General Purpose Revenue (GPR) – includes general funding, specific purpose funding, and earmarked funding from the state, primarily from state sales and income taxes

• Program Revenue (PR) – includes tuition, auxiliaries, and segregated fees, as revenues received for services or from users

• Federal Revenue (PR-F) – includes federal grants, financial aid, direct loans, as revenues from a federal agency

• Segregated Funds (SEG) – includes transportation fund and other separate state accounts, credited by law to a specific state fund

• Gifts and Grants – includes revenues from the Foundation, non federal grants

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UW-Platteville Financial Update

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FY2011-12 Closing BalancesAll Funds Summary (Cash Basis)• Beginning Cash $ 23,128,452 (7/01/2011 rev)• Total Revenue $128,276,751• Total Expenses $126,913,276• Net Income $ 1,363,475

– Excluding direct student loan amounts• Closing Balance $ 24,491,927 (6/30/2012)

Select Fund Balances• Fund 102 $4,721,950

(General operations, tuition revenue, base of $47 million)• Fund 123 $4,001,400 (Debt service, $4

M base)• Fund 128 $4,096,650

(Dining, housing, parking, base of $25 million)• Fund 131 $8,474,838

(DLC, School of Ed Cost Recovery, TSI, base of $15 million)• Fund 136 $1,693,089

(Similar to 128, HTCP, camps & conferences, base of $3.7 million)

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Carry Over Balances by College/Division

Chancellor & Diversity 74,763.00 Provost 110,340.00 Administrative Services 383,480.00 Graduate Studies & Library 40,518.00 Student Affairs 39,840.00 Advancement/Development 222,100.00Admissions & Enrollment Services 48,262.00 LAE 52,212.00 BILSA 171,683.00 EMS 700,654.00 Budget Lapse 312,841.00 Grand Total Carryover*** 2,156,693.00

***Excludes accounts that automatically carryover (i.e. Fund 128, 136, some 131)

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Utility Update

Electricity Gas Coal -

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

FY11 ActualFY12 Actual

• FY12 – PLT under budget by $911,000; System wide - $7.6 million• Highest savings in the UW System• Savings was kept centrally by UW System• Future savings distribution still being discussed

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2001-02 Budget

Tuition$16,185,195

22%

Auxiliary Enterprises$20,714,713

29%

Specific Purpose Tax Dollars

$5,868,0198%

General Purpose Tax Dollars

$23,786,91332%

Extension$795,229

1%

Gifts and Grants$839,192

1%

State funding of 40%

Final 2001-2002 UW-Platteville Budget $73.6 Million

Federal$5,454,8337%

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2012-13 Budget

Final 2012-2013 UW-Platteville Budget $172.6 Million (all funds)

Final 2012-2013 UW-Platteville Budget$126.1 Million (excluding federal aid)

General Pur-pose Tax Dol-

lars17004951

13%

Specific Pur-pose Tax Dol-

lars11452271

9%

Tuition53804157

43%

Federal1646700

1%

Gifts and Grants

13149001%

Auxiliary En-terprises

4024233532% Extension

6161850%

State Funding of 22%

State Funding of 17%

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Financial Forecast Assumptions

• Revenue modeling to project available funds from the state, TSI, and tuition (traditional undergrads and grads)

• Key variables are tuition, enrollment and state support• Assumes 3.0% increases in tuition annually• Assumes flat enrollment at Fall 2012 levels except for TSI• Assumes TSI growth to 1705 in FY2016-17• Assumes TSI faculty & staff growth maintaining the current faculty/staff to

student ratio of TSI• Assumes flat general purpose revenue excluding lapse• Assumes lapses of $174 million in 2011-13 and $300 million 2013-15 statewide

with allocation as proposed in 2011-13• Assumes 2% pay plan for TSI expenditures for 13-14 forward; Assumes GPR pay

plan funded by state so no cost factors included• Assumes TSI incentive grant will be for new students only starting in Fall 2013.

No continuing student grants.

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Tuition Target for Pooled Revenue=$33,435,359 Variance

Original Estimate 5.2012 $35,218,000 $1,783,000

Fall 2012 $36,536,000 $3,100,000

Spring 2013

TSI Estimate 5.2012 $13,405,000 -

Fall 2012 $14,400,000 $995,000

Spring 2013

Tuition Revenue

Note – these figures exclude distance learning, study abroad, and school of education cost recovery students

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EnrollmentOriginal

Fall Billing FTE

Fall 2012 Billing FTE

OriginalSpring Billing

FTE [90%]

Spring 2013 Billing FTE

Undergrad Resident 5,375 5,514 4,837

Undergrad NonRes 118 180 106

Graduate Resident 116 95 104

Graduate NonRes 23 26 21

Subtotal Pooled Enrollment 5,632 5,815 5,068

TSI Enrollment 1,370 1,472 1,233

Total Pooled & TSI Enrollment 7,002 7,287 6,301

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Budget Forecast ModelProjected Closing Balances

FY2013 FY2014 FY2015 FY2016 FY2017

With $300M Lapse and $1.6M plan [June 15, 2012] 4,272,630 479,169 (2,181,148) (5,499,997) (8,885,092)

With $174M Lapse and $1.6M plan

8,372,476 6,735,993 6,128,601 5,445,374 4,692,248

Additional Requests

12,236,000 14,244,000 13,090,000 14,9367,000 15,260,000

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TSI Budget Detail  2011-12 2012-13 2013-14  Count Actual Count Projected Count Projected

Revenue   1,301 12,602,713 1,472 13,401,000 1,580 15,760,000             

Expenses:              Salary & Fringe   159 8,751,138 164 10,863,265 179 12,383,000Supplies     576,216  798,008 760,000Debt     2,070,000  2,070,000 2,070,000Incentive Grants     824,338  895,000 500,000Carryover     555,377  273,169

Total Expenses:     12,777,069  14,899,442 15,713,000             

Note: 34 positions were formerly GPR funded

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Unclassified FTE by division (all funds)Division Allocated

FY13Filled as of 10.22.12

Chancellor 25.07 24.37Provost 58.67 49.39Assoc Vice Chancellor 17.83 16.83

Administrative Services 43.55 37.30

Admissions 22.00 19.50Diversity 16.75 14.80Student Affairs 30.21 30.00University Advancement 15.00 14.00

BILSA 94.27 96.02LAE 164.32 164.58EMS 143.23 141.07Total 630.90 607.86

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Classified FTE by division (all funds)Division Allocated

FY13Filled as of 10.22.12

Chancellor 5.00 5.00Provost 20.32 20.32Assoc Vice Chancellor 14.50 14.50

Administrative Services 188.68 182.68

Admissions 9.50 9.50Diversity 4.00 4.00Student Affairs 26.00 26.00University Advancement 11.00 10.00

BILSA 8.50 8.50LAE 14.00 14.00EMS 11.75 11.75Total 313.25 306.25

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Debt Service• UW-Platteville has two types of debt service on

facilities– General Fund Borrowing is funded through state

appropriations of general purpose revenue– Program Revenue Borrowing is funded through

University revenues including TSI• Debt is issued centrally by the State• 20 year bonds are typical

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Debt Service DetailDescription Fund

FY2011 Budgeted

FY2012 Budgeted

FY2013 Budgeted

Bond End Date

General Fund 110 5,462,888 3,590,333 7,463,788 Parking 123 227,300 204,400 265.200 FY2030PAC 123 12,726 12,716 - FY2012Fieldhouse Addition 123 319,294 430,704 380,807 FY2031Children's Center 123 35,842 36,092 35,854 FY2020Pioneer Student Center 123 919,251 926,966 934,511 FY2021Residence Halls 123 1,913,710 1,919,439 2,160,374 FY2032Stadium 123 154,771 155,808 156,287 FY2025Food Service/Union 123 428,239 441,453 439,809 FY2031Chancellor's Residence 123 15,241 15,360 15,289 FY2019Subtotal 123 4,026,374 4,142,938 4,388,131 TSI 194 2,070,000 2,070,000 2,070,000 FY2031 Grand Total Debt Service 11,559,262 11,675,826 13,921,919

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• Proceed with Strategic Planning• Research and develop different budget

process• Budget request form http://

www.uwplatt.edu/business/forms.html• Budget submissions are due December 15th

through your division leader

Questions and Next Steps