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UNAVCO, Inc. Treasurer’s Report Board of Directors Meeting Clark Wilson July 1, 2008

UNAVCO, Inc. Treasurer’s Report Board of Directors Meeting Clark Wilson July 1, 2008. Topics. Financial Highlights Funding Status Indirect Rate Performance (2008) Headquarters G&A Cost Pool Fringe Cost Pool Common Facilities Cost Pool Private Funds Status Investment Decisions

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UNAVCO, Inc. Treasurer’s Report Board of Directors Meeting Clark Wilson July 1, 2008

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  1. UNAVCO, Inc. Treasurer’s Report Board of Directors Meeting Clark Wilson July 1, 2008

  2. Topics • Financial Highlights • Funding Status • Indirect Rate Performance (2008) • Headquarters G&A Cost Pool • Fringe Cost Pool • Common Facilities Cost Pool • Private Funds Status • Investment Decisions • Membership Status

  3. Financial Highlights • UNAVCO External A-133 Audit of 2007 financials completed (Report by Auditors to follow) • UNAVCO $250K Line of Credit has current balance of $0 • Audit and Finance committee will need to make investment decisions with about $270K of Private Funds • Working on 2009 ICR projections (after PBO MRE)

  4. Financial Highlights (Cont’d) • 2008 Indirect Rate Performance (Through May 2008) • The G&A rate (Headquarters cost divided by MTDC) is currently at 14.36 % vs. the proposed and allocated 12.21%. This is due to lower than anticipated project spending, since the direct cost from projects (MTDC) is pretty much on target. • The Student Fringe rate is currently at 13.10% vs. the proposed and allocated 13.10%. The Standard Fringe rate is currently at 51.26 % vs. the proposed and allocated 54.00%. Actual Fringe expenses (numerator) are slightly below budget.

  5. Financial Highlights (Cont’d) • 2008 Indirect Rate Performance (Cont’d) • The Common Facilities current 2008 rate is $52.08 per Sq Ft vs. the proposed and allocated $49.84 per Sq Ft. Since the denominator is fixed at the 22926 Net Assignable Sq Ft, the higher rate is due to higher than expected Common Facility expenses, primarily in the Internet and Telephone area. • Project Modified Total Direct Cost (MTDC) through May at $8,325,762 • Direct Labor through May at $2,587,616 • All Rates are currently close to proposed, and if PBO spends as expected for 2008, we should end up close to projected on the rates

  6. Funding Status

  7. Multi-Yr Cum Budget vs. Actuals

  8. Cum Budget vs. Actuals (2008 Detail)

  9. Headquarters Pool CSSR

  10. Headquarters Pool CSSR Chart

  11. Fringe Pool CSSR

  12. Fringe Pool CSSR Chart

  13. Common Facilities Pool CSSR

  14. Common Facilities Pool CSSR Chart

  15. Private Funds CSSR

  16. Private Funds CSSR Chart

  17. Sources and Uses of Private Funds- May 2008

  18. Audit and Finance Committee- Investments • $108K in existing Compass BPI account • Should we leave the $108K in this guaranteed 4.5% low risk account, or try to find a better return on investment? • Plus an additional $160K available • Leaving around $40K in the liquid Private checking plus Dreyfus acct, we still have an additional $160K of private funds available for investment, possibly at higher return/higher risk than the BPI acct.

  19. UNAVCO Membership Growth

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