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Financial Update

An overview of FY 2011 financial performance, including revenue updates, tuition income growth, state support stability, grants, and contracts rise, and medical center net revenue increase. Expenditure, assets, liabilities, and investments status are also detailed.

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Financial Update

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  1. Financial Update September 2011

  2. Financial Update FY 2011 Financial Summary

  3. Financial Update Financial Snapshot Revenue

  4. Financial Update Tuition and Fees (Dollars In Millions) Tuition and Fee Income Increased $85M over 2010 Higher than expected enrollment increases account increase over budget

  5. Financial Update State Support (Dollars In Millions) State Support remained stable for FY10 and FY11 due to $60M in state ARRA funds that will not be available in FY12

  6. Financial Update Grants and Contracts (Dollars In Millions) Up $30 million, due to higher Federal grants and contracts (ARRA)

  7. Financial Update Auxiliary Revenue (Dollars In Millions) Campus Auxiliaries increased $19 million, or 9%, driven by Athletics

  8. Financial Update Medical Center Net Revenue (Dollars In Millions) $100M increase led by The James increase of $70M Total Net revenue 2% ($37M) below budget

  9. Financial Update Advancement Cash Receipts (Dollars In Millions) Up $15M, or 11%, due to higher current use gifts

  10. Financial Update Investment Income (Dollars In Millions) Increases are result of continued improvement in market returns

  11. Financial Update Financial Snapshot Expenditures

  12. Financial Update University Operating Expenses (Dollars in Billions) Operating expense increase of 4% was below revenue increase of 6%

  13. Financial Update University Operating Margin Excluding Medical Center (Dollars In Millions) The difference in University operating revenues and expenses grew by $35 million * Excludes depreciation

  14. Financial Update Medical Center Operating Margin (Dollars In Millions) Revenues less than budgeted were offset by expenditure reductions Margin increased $10 million, or 7%, higher than budget, led by The James

  15. Financial Update Financial Snapshot Assets and Liabilities

  16. Financial Update Cash and Investments (Dollars In Millions) Cash and Short Term Investments helped by bond offerings. Long term benefited from investment returns.

  17. Financial Update Debt (Dollars in Millions) 2011 reflects new issuances, primarily for Housing and Medical Center Expansion

  18. Financial Update Capital Expenditures (Dollars in Millions) University capital expenditure declines offset by Medical Center increases

  19. Financial Update FY 2011 Financial Summary • Net Assets +$500 M • Operating Revenues +$130 M • Operating Expense +$100 M • Medical Center margins and cash balances increased

  20. Financial Update Discussion

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