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Financially Sustaining the University Geoffrey S. Chatas Senior Vice President

Financially Sustaining the University Geoffrey S. Chatas Senior Vice President Chief Financial Officer Business and Finance October 27, 2011. Current Budget Environment. $5.0 Billion Budget. Where It Comes From. General Funds $1.4 B. Earnings $0.4 B. Restricted $0.9 B.

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Financially Sustaining the University Geoffrey S. Chatas Senior Vice President

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  1. Financially Sustaining the University Geoffrey S. Chatas Senior Vice President Chief Financial Officer Business and Finance October 27, 2011

  2. Current Budget Environment $5.0 Billion Budget

  3. Where It Comes From General Funds $1.4 B Earnings $0.4 B Restricted $0.9 B Health System $2.3 B

  4. Where It Comes From • Government Support $0.92 Billion • Student Fees $0.92 Billion • Other Resources $0.85 Billion • (includes auxiliaries, dept sales, private grants, endowment & investment income) • Health System $2.3 Billion

  5. How Funding Is Spent • Access • Maintaining financial aid for qualified students • Semester Conversion • Financial Stability • Protecting the university’s future • Enrollment, Academic Plan • Focus on Enrollment Plan • Move Academic Plan forward

  6. How Funding Is Spent • Health System $1.9 Billion • Instructional and General $1.5 Billion • Instruction and Department Research - $0.89 B • Academic Support - $0.15 B • Student Services – $0.10 B • Institutional Support - $0.20 B • Plant Operations and Maintenance - $0.13 B • Separately Budgeted Research $0.5 Billion • OSU Physicians $0.34 Billion • Auxiliaries $0.33 Billion • Scholarship and Fellowship $0.24 Billion • Public Service $0.13 Billion

  7. Investing In Our Core • Being Innovative • Tough economic times means can’t count on increase in state support • Federal dollars flat • No multi-billion-dollar endowment

  8. Investing In Our Core • Remaining Competitive • Invest in academic core to attract best and brightest • Funding things we cannot do now

  9. Rationale • Streamlining to Simplify and Reduce Costs • Enhancing Revenue Streams • Evaluating Non-core Assets

  10. Rationale Generated Funds = Additional Academic & Student Services & Support

  11. Rationale Generated Funds… Maintain, Enhance Current Services

  12. Parking RFQ • Process authorized by Board • Delegated decision-making • Consistent with other directives

  13. Parking RFQ • No decisions have been made. • University-wide committee to review RFQ’s, make recommendations

  14. Parking RFQ Parking Advisory Committee

  15. Parking RFQ • Fact-based decision • Chosen respondent will offer best package - Funding - Services - Support - Experience

  16. Parking RFQ • Long-term lease • Outside vendor • Up to 50-year lease • $600M+ revenue, avoided cost

  17. Parking RFQ Vendors • High funding threshold to be considered • Solid foundation • Funding ready to invest

  18. Timeline, Moving Forward • Midway through process • RFQ ready to review • RFP planned to be issued in early 2012 • Implementation summer 2012

  19. Timeline, Moving Forward We Will Continue to Own Our Parking Assets

  20. Timeline, Moving Forward We Do Not Have All the Answers. We Are Committed to Transparency.

  21. Timeline, Moving Forward • Town Hall Meetings • Web Site • Final Decisions Shared

  22. Timeline, Moving Forward Questions?

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