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Faculty Senate Budget Presentation January 2011

Faculty Senate Budget Presentation January 2011. Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services. Presentation Outline. Summary of Funding Sources 2009-10 Closing Balances (June 30, 2010) 2010-11 All Funds Budget Financial Forecast Scenarios

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Faculty Senate Budget Presentation January 2011

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  1. Faculty Senate Budget PresentationJanuary 2011 Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services

  2. Presentation Outline • Summary of Funding Sources • 2009-10 Closing Balances (June 30, 2010) • 2010-11 All Funds Budget • Financial Forecast Scenarios • TSI Detail • Debt Service Detail • Summary of 2009-11 Budget Lapses • State Budget Background Material • Quarterly Briefings

  3. Funding Sources • General Purpose Revenue – includes general funding, specific purpose funding, and earmarked funding from the state • Program Revenue – includes tuition, auxiliaries, and segregated fees • Federal Revenue – includes federal grants, financial aid, direct loans • Gifts and Grants – includes revenues from the Foundation, non federal grants

  4. FY2009-10 Closing Balances All Funds Summary (Cash Basis) • Beginning Cash $15,250,901 (July 1, 2009) • Total Revenue $121,971,949 • Total Expenses $112,172,872 • Net Income $ 9,799,077 • Closing Balance $ 25,049,668 (June 30, 2010)

  5. FY2009-10 Closing Balances • Fund 102 $3,533,986 • General operations, tuition revenue, base of $48 Million • Fund 123 $3,976,226 • Debt service, base of $4 Million • Fund 128 $3,843,804 • Dining, housing, parking, base of $25 million • Fund 131 $10,501,319 • Distance Learning, School of Ed Cost Recovery, TSI, base of $11.8 Million • Fund 136 $2,419,089 • Similar to 128, HTCP, camps & conferences, base of $3 Million

  6. 2010-11 All Funds Budget$148.9 Million

  7. Financial Forecast Scenarios • Revenue modeling to project available funds from the state, TSI, and tuition (traditional undergrads and grads) • Key variables are enrollment and state support • Assumes 5% increases in tuition • Assumes flat state funding – general purpose revenue

  8. Enrollment Summary (FTE) Note – these figures exclude distance learning, study abroad, and school of education cost recovery students

  9. Original Projections

  10. Fall 2010 Baseline

  11. Scenarios Examined • Original Projections (Fall 2009 with non res decline) • Fall 2010 Baseline – updated for sixth week • Split of Fall 2010 Baseline and Originals • Increasing Enrollment – Growth of 50 in TSI, and 50 non resident undergraduate • Decreasing Enrollment – Decline of 50 in TSI, 35 in undergraduate, and 15 in graduate

  12. Summary of Projected Closing Balances FALL 2010 DECREASE 100 ORIGINAL

  13. TSI Budget Detail Note: 34 positions were formerly GPR funded

  14. Questions from Faculty • Use of Salary Savings – Past Uses of Savings • Faculty Fellows Program – Funding and Engagement

  15. 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

  16. Debt Service Detail

  17. Summary of 2009-11 Reductions

  18. 2009-11 State BudgetAll Revenue Sources - $65.8 B http://www.legis.state.wi.us/lfb/LFBPublications_ButtonPages/2009-11_budget.htm

  19. Ten Largest General Fund Programs in 2009-11

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