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UW-Platteville Convocations

UW-Platteville Convocations. Robert Cramer Assistant Chancellor August 2011. Financial Position 2010-11. General Purpose Revenue (GPR) – includes general funding, specific purpose funding, and earmarked funding from the state, primarily from state sales and income taxes

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UW-Platteville Convocations

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  1. UW-Platteville Convocations Robert Cramer Assistant Chancellor August 2011

  2. Financial Position 2010-11

  3. 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

  4. Preliminary Ending Finances All Funds Summary (Cash Basis) • Beginning Cash $ 25,137,116 (7/01/2010 rev) • Total Revenue $123,379,105 • Total Expenses $124,736,260 • Net Income $ 1,357,155 • Excluding direct student loan amounts • Closing Balance $ 23,779,961 (6/30/2011)

  5. Select Fund Balances • Fund 102 $4,189,114 (General operations, tuition revenue, base of $48 million) • Fund 123 $3,976,226 (Debt service, $4 M base) • Fund 128 $2,384,352 (Dining, housing, parking, base of $25 million) • Fund 131 $10,280,339 (DLC, School of Ed Cost Recovery, TSI, base of $15 million) • Fund 136 $2,337,985 (Similar to 128, HTCP, camps & conferences, base of $3.7 million)

  6. 2011-12 Budget of $160.4 million

  7. Overview of 2011-13 Biennial Budget

  8. Funding Reductions with Policy • Continued state GPR reductions ($3.5 million) • New flexibilities for UW System including block grants, supplemental pay, and elimination of overload limit ($12,000) on July 1, 2013 • New accountability reporting by UWS around performance, finances, access, undergraduate and graduate education, faculty, economic development, and collaborations

  9. Special Task Force on UW System • 17 members • Report by January 1, 2012 • Charge includes governance structure, new personnel system, tuition setting, compensation plans, operational flexibilities, and collaboration between UW institutions.

  10. Looking Forward

  11. Challenges Exist • Important to acknowledge “brutal facts of current reality” (Jim Collins) and “face reality” (Jack Welch) • Continued reductions in state GPR funding • Total GPR spending increases by 7.6% from 2009-11 to 2011-13 yet UW System funding declines 3.8% • $1.4 billion increase in Medicaid funding • Corrections GPR exceeds UWS GPR in 2011-13

  12. Challenges Exist • Demographics in higher education are changing • External scrutiny and accountability will continue • Growing role of for-profit institutions • Compensation of faculty and staff at UW-Platteville

  13. Opportunities to Control our Destiny • Authority to propose supplemental pay plans • Master Plan for facilities to support growth • Initiating a University Strategic Plan • University and Foundation generating more of our resources • Expanding our faculty and staff to support growth – 48 total new FTE in 2011-12, 22 are faculty and instructional academic staff

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