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Financial Update 2012 and 2013 Budget. Budget Discussion Background. Challenges State Support Expense Increases Tuition Ceiling Competitive Comp. NIH, NSF Funding Facilities – Labs Philanthropy - Alumni. Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. - PowerPoint PPT Presentation
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FINANCIAL UPDATE2012 AND 2013 BUDGET
Aspirations• Bankable Bal. Sht.• Healthy Reserves• Competitive Comp.• Affordable Tuition• 3X Funded Research
Challenges• State Support• Expense Increases• Tuition Ceiling• Competitive Comp.• NIH, NSF Funding• Facilities – Labs• Philanthropy - AlumniApproach
• UG Enrollment• Reputation - Mktg• Facilities/Progs.• Selective Hiring• Capital Campaign• Expense Management
Budget Discussion Background
Net Revenues and ExpensesAll Funds
(in millions)
FY10 FY11 FY12 FY 13B$270
$280
$290
$300
$310
$320
$330
$340
309.6 309.4
319.2
318.6
292.1
306.1
314.1
328.3
Net Revenues*Expenses**
*Net Revenues = Gross revenues less scholarships** Expenses = Total expenditures including transfers
1
RevenuesAll Funds
(in millions)
FY10 FY11 FY12 FY13B$0
$20$40$60$80
$100$120$140$160$180$200
153.3163.2
171.5178.6
117.5129.8
137.3 141.5
95.4
79.5 75.4 75.8
96.7 100106.4 101.2
Gross tuitionNet tuitionState AppropriationsOther revenues
2
State Appropriation, Total Expenses and CompensationAll Funds
(in millions)
*Compensation = Salaries, Wages and Benefits**Expenses = Total expenditures including transfers
FY10 FY11 FY12 FY13B$0
$50
$100
$150
$200
$250
$300
$350
95.479.5 75.4 75.8
202.9 210 218.9 224.3
292.1306.1 314.1
328.3
State AllocationCompensation*Total Expenses**
3
Net Revenues and ExpensesOperating Fund
(in millions)
FY10 FY11 FY12 FY13B$200
$210
$220
$230
$240
$250
$260
238.1
233.1236
242.3
220
231.8235.4
256.1
Net RevenuesExpenses
*Net Revenues = Gross revenues less scholarships**Expenses = Total expenditures including transfers
4
FY12 Budget FY12 Variances
Net Revenues $231.8 $236.0 $4.2Tuition ($0.6)Scholarships $3.6Miscellaneous & sales $1.2
Expenditures & Transfers 242.0 235.6 $6.4
Salaries ($0.7)Benefits $0.4Operating expenses ($4.4)Capital $9.4Internal transfers $1.7
Operatingincome (loss)
($10.2) $0.4 $10.6
FY12 Budget vs. FY12 ActualOperating Fund
(in millions)
5
FY12 Proforma FY12 Variances
Net Revenues $229.2 $236.0 $6.8
Tuition $0.3Scholarships $2.0State funding $3.8Sales & Service ($.5)Miscellaneous $1.2
Expenditures & Transfers 239.6 235.6 4.0
Salaries ($7.1)Benefits $2.4Other operating $1.9Capital $5.1Transfers $.8Internal Sales $.9
Operating income(loss)
($10.4) $0.4 $10.8
FY12 Proforma vs. FY12 Actual Operating Fund Only
(in millions)
6
FY13 Budget vs. FY12 ActualOperating Fund Only
(in millions)
FY13 Budget FY12 Variances
Revenues $242.3 $236.0 $6.3Tuition $8.7Scholarships ($3.6)State funding $.4Sales & Service $.3Miscellaneous & other $.5
Expenditures & Transfers 256.1 235.6 (20.5)
Salaries ($1.5)Benefits ($3.5)Operating cost ($.9)Capital ($11.9)Transfers ($2.7)
Operatingincome (loss)
($13.8) $0.4 ($14.2)
7
FY13 Budget vs. FY13 ProformaOperating Fund Only
(in millions)
FY13Budget
FY 13 Proforma Variances
Revenues $240.9 $235.0 $5.9Tuition $.8Scholarships ($.5)State funding $4.2Sales & Services ($.6)Miscellaneous $2.0
Expenditures & Transfers 254.7 235.8 (18.9)
Salaries ($5.9)Benefits $1.6Operating expenses ($6.8)Capital ($6.6)Internal Sales $.6Transfers ($2.0)
Operatingincome (loss)
($13.8) ($.8) ($13.0)
8
Student Credit Hours
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000 134,460
28,025 38,343
21,720 25,929 23,795 14,763 15,275 8,799
Student Credit Hours FY13B
A&S Education BlochSCE SBS NursingConservatory Law Other Professional Schools
(1,000)
(500)
-
500
1,000
1,500
2,000
2,500
33
1,077
1,835
1,060 1,477
2,178
(641)
133
(59)
Average Annual Growth in SCH (FY10 vs. FY13B)
A&S Education BlochSCE SBS NursingConservatory Law Other Professional Schools
(Total 311,109 hours)
(Total 7,069 hours)
9
Mix of Student Credit Hours Percentage by unit
46.4%
8.6%
11.3%
6.4%
7.4%
6.0%
5.8%
5.1%3.2%
FY10
A&S Education Bloch SCE SBS
Nursing Conservatory Law Other Professional Schools
43.2%
9.0%
12.3%
7.0%
8.3%
7.6%
4.7%
4.9%2.9%
FY13B
A&S Education Bloch
SCE SBS Nursing
Conservatory Law Other Professional Schools
Includes credit hours from calendar year 2008 Includes credit hours from calendar year 2011
10
Expenses(Operating Fund)
Compen-sation76%
Operating Expense
13%
Utilities3% Capital
5%Library Acquisitions
1%Debt Service
2%
11
20072008
20092010
20112012
2013 Budget
020000000400000006000000080000000
100000000120000000140000000160000000180000000200000000
BenefitsSalaries
UMKC Expense Trends Compensation (Operating Fund)
12
FY10 FY120
500
1000
1500
2000
2500
3000
3500
1,548 1,629
794 793634 616
2,976 3,038
AcademicAcademic - AdministrativeAdministrative (non academic)Total
Average Full Time Equivalent EmployeesFY10 vs. FY12
15
-20
-10
0
10
20
30
40
50
60
70
80
Academic (+81)
SCEPharmacyResearchNursingBlochMedA&S
-20
-10
0
10
20
30
40
50
60
70
80
Academic – Adminis-trative (-1)
LawMedEducationResearchLibraryAll other
-20
-10
0
10
20
30
40
50
60
70
80
Administrative (-18)
AdvancementFinance and AdministrationAll Other
Change in Average Full Time Equivalent EmployeesFY10 vs. FY12
16
FY 10 FY12 $-
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$98.3 $105.6
$37.0 $38.1 $28.4 $29.1
$163.7 $172.8
AcademicAcademic- AdministrativeAdministrativeTotal
Salaries and WagesFY10 vs. FY12
(in millions)
13
$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Academic (+$7.3 million)
EducationMedBlochA&SPharmacyLawnursingAll other
$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Academic-Administration (+$1.1 million)
BlochMedAll other
$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Administrative (+$700,000)
AthleticsStudent Affairs
Change in Salaries and WagesFY10 vs. FY12
(in millions)
14
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