Faculty Senate Budget PresentationJanuary 2011

Robert Cramer -Assistant ChancellorCathy Riedl-Farrey - Director, Financial

Services

Presentation Outline

• Summary of Funding Sources• 2009-10 Closing Balances (June 30, 2010)• 2010-11 All Funds Budget• Financial Forecast Scenarios• TSI Detail• Debt Service Detail• Summary of 2009-11 Budget Lapses• State Budget Background Material• Quarterly Briefings

Funding Sources

• General Purpose Revenue – includes general funding, specific purpose funding, and earmarked funding from the state

• Program Revenue – includes tuition, auxiliaries, and segregated fees

• Federal Revenue – includes federal grants, financial aid, direct loans

• Gifts and Grants – includes revenues from the Foundation, non federal grants

FY2009-10 Closing Balances

All Funds Summary (Cash Basis)• Beginning Cash $15,250,901 (July 1, 2009)

• Total Revenue $121,971,949• Total Expenses $112,172,872• Net Income $ 9,799,077

• Closing Balance $ 25,049,668 (June 30,

2010)

FY2009-10 Closing Balances

• Fund 102 $3,533,986– General operations, tuition revenue, base of $48 Million

• Fund 123 $3,976,226– Debt service, base of $4 Million

• Fund 128 $3,843,804– Dining, housing, parking, base of $25 million

• Fund 131 $10,501,319– Distance Learning, School of Ed Cost Recovery, TSI, base of $11.8 Million

• Fund 136 $2,419,089– Similar to 128, HTCP, camps & conferences, base of $3

Million

2010-11 All Funds Budget$148.9 Million

General Purpose Tax Dollars18402962

12%Specific Purpose

Tax Dollars11435118

8%

Tuition43852004

29%Federal

4119131028%

Gifts and Grants1216604

1%

Auxiliary En-terprises

3227025022%

Extension560106

0%

General Purpose Tax Dollars Specific Purpose Tax Dollars Tuition FederalGifts and Grants Auxiliary Enterprises Extension

Financial Forecast Scenarios

• Revenue modeling to project available funds from the state, TSI, and tuition (traditional undergrads and grads)

• Key variables are enrollment and state support• Assumes 5% increases in tuition• Assumes flat state funding – general purpose

revenue

Enrollment Summary (FTE)Original Projections Fall 2010 Baseline

TSI Enrollment 1,035 1,219

Undergraduate In State 5,231 5,319

Undergraduate Non Res 43 110

Graduate Students 154 169

Totals 6,463 6,817

Note – these figures exclude distance learning, study abroad, and school of education cost recovery students

Original Projections

FY2011 FY2012 FY2013 FY2014 FY2015

(20,000,000)

(15,000,000)

(10,000,000)

(5,000,000)

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

Available Revenue (Opening Balance + Revenues)

Projected Expenditures

Projected Closing Balance

Fall 2010 Baseline

FY2011 FY2012 FY2013 FY2014 FY2015

(20,000,000)

(10,000,000)

-

10,000,000

20,000,000

30,000,000

40,000,000

Available Revenue (Opening Balance + Revenues)

Projected Closing Balance

Projected Expenditures

Scenarios Examined

• Original Projections (Fall 2009 with non res decline)

• Fall 2010 Baseline – updated for sixth week• Split of Fall 2010 Baseline and Originals• Increasing Enrollment – Growth of 50 in TSI,

and 50 non resident undergraduate• Decreasing Enrollment – Decline of 50 in TSI,

35 in undergraduate, and 15 in graduate

Summary of Projected Closing Balances

FY2011 FY2012 FY2013 FY2014 FY2015

(5,000,000)

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

Net Available

Original Projection - 6,464 Fall 2010 - 6,853 Split - 6,675Decrease - 6,717 Increase - 6,917

SPLIT

INCREASE 100FALL 2010

ORIGINAL

DECREASE 100

TSI Budget Detail  2010-11 2011-12 2012-13

  Count Projected Count Projected Count Projected

Revenue   1,237 11,773,980 1,150 11,431,000 1,150 11,770,250

             

Expenses:              

Salary & Fringe   112 7,224,000 114 7,416,000 115 7,755,000

Supplies     633,520   574,000   570,000

Debt     2,070,000   2,070,000   2,070,000 Incentive Grants     687,500   765,000   765,000

Contingencies     -   -   -

Total Expenses:     10,615,020   10,825,000   11,160,000

             

Note: 34 positions were formerly GPR funded

Questions from Faculty

• Use of Salary Savings – Past Uses of Savings• Faculty Fellows Program – Funding and

Engagement

Debt Service

• UW-Platteville has two types of debt service on facilities– General Fund Borrowing is funded through state

appropriations of general purpose revenue– Program Revenue Borrowing is funded through

University revenues including TSI• Debt is issued centrally by the State• 20 year bonds are typical

Debt Service Detail

Description FundFY2009

BudgetedFY2010

BudgetedFY2011

BudgetedBond End

DateGeneral Fund 110 4,896,561 5,392,182 5,462,888 Parking 123 264,300 260,400 227,300 FY2030PAC 123 88,175 88,161 12,726 FY2012Fieldhouse Addition 123 209,198 415,000 319,294 FY2030Children's Center 123 36,605 35,832 35,842 FY2020Pioneer Student Center 123 916,887 918,566 919,251 FY2021Residence Halls 123 1,888,493 1,913,340 1,913,710 FY2030Stadium 123 150,736 153,736 154,771 FY2025Food Service/Union 123 391,004 417,973 428,239 FY2030Chancellor's Residence 123 15,750 15,236 15,241 FY2019Subtotal 123 3,961,148 4,218,244 4,026,374 TSI 194 2,070,000 2,070,000 2,070,000 FY2030 Grand Total Debt Service 10,927,709 11,680,426 11,559,262

Summary of 2009-11 Reductions

FINAL 2009-11 BUDGET

2009-10 2010-11 Biennial Total

REDUCTIONS: GPR/Fee PR*** TOTAL GPR/Fee PR*** TOTAL GPR/Fee PR*** TOTAL

Government Efficiency 1,390,900 - 1,390,900 1,419,100 - 1,419,100 2,810,000 - 2,810,000

1% Across the Board 286,992 248,787 535,779 286,992 248,787 535,779 573,984 497,574 1,071,558

Auxiliary Transfer - 1,371,327 1,371,327 - - - - 1,371,327 1,371,327

2% Pay Plan Reductions** 580,762 105,096 685,858 580,762 105,096 685,858 1,161,524 210,192 1,371,716

Furlough Reductions 751,079 176,109 927,188 751,079 176,109 927,188 1,502,158 352,218 1,854,376

3,009,733 1,901,319 4,911,052 3,037,933 529,992 3,567,925 6,047,666 2,431,311 8,478,977

2009-11 State BudgetAll Revenue Sources - $65.8 B

General Purpose Revenue; 27671651200; 42%

Federal Revenue; 18190433100; 28%

Program Revenue; 8700116100; 13%

Segregated Revenue;

7629911900; 12%

Bond Revenue; 3581172100; 5%

http://www.legis.state.wi.us/lfb/LFBPublications_ButtonPages/2009-11_budget.htm

Ten Largest General Fund Programs in 2009-11

Program 2009-11 % Cumulative %

Elementary and Secondary School Aids $10,296,746,200 37.2% 37.2% Medical Assistance $2,331,348,900 8.4 45.6 UW System $2,236,656,800 8.1 53.7

Correctional Operations $1,988,035,800 7.2 60.9 Shared Revenues $1,857,718,900 6.7 67.6

School Levy/First Dollar Tax Credits $1,697,625,200 6.2 73.7

Appropriation Obligation Bonds $728,715,000 2.6 76.3

Community & Juvenile Correctional Services $503,577,700 1.8 78.1

Judicial and Legal Services $486,265,500 1.8 79.9

State Residential Institutions $378,485,700 1.4 81.3 Subtotal $22,505,175,700 81.4% All Other Programs $5,166,475,500 18.6% 100% Total $27,671,651,200 100.0%