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Finance Update Faculty Meeting January 2014 Robert Cramer

Finance Update Faculty Meeting January 2014 Robert Cramer. FY2012-13 Closing Balances. All Funds Summary (Cash Basis) Beginning Cash $ 24,495,297 ( July 1, 2012) Total Revenue $ 149,680,085 Total Expenses $145,363,000 Net Income $ 4,317,085

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Finance Update Faculty Meeting January 2014 Robert Cramer

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  1. Finance Update Faculty Meeting January 2014 Robert Cramer

  2. FY2012-13 Closing Balances All Funds Summary (Cash Basis) Beginning Cash $ 24,495,297 (July 1, 2012) Total Revenue $149,680,085 Total Expenses $145,363,000 Net Income $ 4,317,085 (Excluding direct student loan amounts) Closing Balance $ 28,812,382 (June 30, 2013)

  3. 2013-14 Budget Final 2013-2014 UW-Platteville Budget $184.5 Million (all funds) 16% State Support Final 2013-2014 UW-Platteville Budget $135.9 Million (excluding federal aid) 21% State Support

  4. Enrollment Projections

  5. Budget Forecast ModelProjected Closing Balances Current Scenario Above scenario assumes: -Continued funding of UW-Platteville compensation programs -$3M base on-going reduction due to UWS budget cuts, tuition freeze; -Additional $1.1M reduction due to lower enrollment projections in 2014-15; -Another $425,300 in 2015-16 Board of Regent Thresholds – 10% and 15%

  6. Discussion

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