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The Financial State of the University

The Financial State of the University. Geoff Chatas, Chief Financial Officer | The Ohio State University THURSDAY, NOVEMBER 15, 2012 | UNIVERSITY SENATE. University Core Goals. The Financial State of the University. The Financial State of the University.

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The Financial State of the University

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  1. The Financial State of the University Geoff Chatas, Chief Financial Officer | The Ohio State University THURSDAY, NOVEMBER 15, 2012 | UNIVERSITY SENATE

  2. University Core Goals

  3. The Financial State of the University

  4. The Financial State of the University To achieve our ambitious academic goals, we need to take a strategic approach: Where are we going? Look before you leap.

  5. The Financial State of the University Otherwise, just where will you land? Strategy is paramount.

  6. The Financial State of the University “Even before the recession struck, it was evident that expanding our funding streams would protect our academic core as nothing else possible could.” President Gee, Address to Faculty, October 18, 2012

  7. The Financial State of the University “We cannot carry out our historic purposes and focus on teaching and knowledge without a firm financial foundation.” President Gee, Address to Faculty, October 18, 2012

  8. The Financial State of the University

  9. Ambitious Academic Goals So, just how do we fund our ambitions?

  10. What We Know

  11. Examples of Recent Funding Efforts

  12. Striving for Simplicity • Improve quality • Reduce wasteful efforts • Maximize our existing resources • Minimize costs • Reduce time

  13. The Financial State of the University Our bold financing strategies are attracting attention. • September 2012: Columbus Business First awarded “Transaction of the Year” honors for the sale of $500 million worth of 100-year bonds – making Ohio State the first public university to issue century bonds. • November 2012: Ohio State earns The Bond Buyer “Deal of the Year” in the non-traditional financing category for our 50-year lease and concession agreement of parking facilities and operations in exchange for a $483 million up-front payment.

  14. The Financial State of the University Moody’s Investors Service has assigned a Aa1 rating to the university. The outlook is stable. Standard & Poor's Ratings Services: Long-term Rating AA/Stable

  15. The Financial State of the University What the Future Holds

  16. Fourth University Core Goal

  17. B&F Goals and Vision: 2012-2013

  18. B&F Goals: Generation of New Resources

  19. Resource Generation Scorecard – Fiscal 2013 Targets

  20. University Financial Scorecard: Fiscal Year-to-Date September 30, 2012

  21. Challenges For the Future

  22. Challenges For the Future

  23. The Financial State of the University Optimistic View for the Future • Reinvestment in Our Academic Core • Ambitious Goals to Achieve • Positive Financial State and Outlook

  24. The Financial State of the University Questions and Answers

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