FY13 Budget Status Budget & Financial Planning F&A Advisory Group Jan 23, 2013

Embed Size (px)

Text of FY13 Budget Status Budget & Financial Planning F&A Advisory Group Jan 23, 2013

PowerPoint Presentation

FY13 Budget StatusBudget & Financial PlanningF&A Advisory GroupJan 23, 20131FY13 budget: new revenue & expenseRevenue, expense avoidance, reallocations

Expense Increases

2Internal financial indicatorsenrollment

revenueinstate, out-of-statewaiversgrants & contracts

rollover expenditures

Hybrid costs

position mgmt (vacancies)

unplanned eventsStatelocal

spending trendsutilities

construction schedule

3Position Mgmt

4Monthly revenue report (Dec)

5Monthly expenditure report (Dec)

6Carry forward released (Sept) prior yr revenueF&A (indirect)7,100F&A (indirect ICI)2,559ESS4,388Gifts701Development2,288 Sub-total17,036

7Carry forward released (Nov) FY12 rolloverORSP711IT496Controllers Office280Campus Services250Student Affairs154Colleges113Enrollment Mgmt36Sub-total2,040

8Carry forward (Sept, Nov) all otherFaculty start-ups1,826IT404Enrollment Mgmt431 Colleges258PMYR231 Student Affairs142VPASS24All others143 Sub-total3,459

9Unexpected budget expendituresESS (est) 1,740ORSP (est) 1 2,600Enrollment Mgmt820Student Affairs (est)763Hybrid406Colleges269IT171Athletics88ANF70 Sub-total5,327-6,927

10Budget adjustments & carry forwardPrior yr revenue17,036Budget adj5,327Rollover2,040Other carry forward3,459 Sub-total27,862

11Carry forward requests outstanding ORSP5,400Colleges1,645IT1,131Provosts Office964Other Academic Affairs174Enrollment Mgmt238GRPA111All other780 Sub-total9,901

12Budget status Likely to be positive operating margin, but below System Office expectation

Continue monitoring revenue or any other potential good news

Encourage discussion on new carry forward policy that better serves us

13Sheet1University of MA - BostonFY13 Budget vs Actual: Revenuethru December 2012FY13Actual % of BudgetFY12% Change YTDBudgetYTD ActualYTD ActualYTD BudgetInstate/Out of State Tuition16,880,22621,362,07020,850,2047,033,428 remitted to Commonwealth(10,380,226)(11,087,208)(11,840,274)(4,325,094)Retained Tuition6,500,00010,274,862158%9,009,93014%2,708,333Mandatory Fees - Resident undergraduate78,153,70579,689,10174,580,89932,564,044 - Resident graduate10,392,4149,390,1939,081,0714,330,173 - Non-resident undergraduate16,703,7179,314,1747,143,5686,959,882 - Non-resident graduate5,513,3494,834,5244,336,1982,297,229College of Advancing and Professional Studies35,061,02515,551,03944%16,725,409-7%14,608,760Hybrid10,166,9536,121,12160%4,913,06925%4,236,230Sub-total Mandatory Fees155,991,163124,900,15380%116,780,2137%64,996,318Non-Mandatory FeesCombined one-time fee3,121,7312,751,90188%2,560,9657%1,300,721Lab fees1,270,2401,082,21185%942,98115%529,267Admissions processing1,183,571388,51633%455,516-15%493,155Late pay/registration fee1,148,671910,48079%778,07117%478,613CM, CNHS, EH&S differential2,511,0002,173,65087%1,281,85070%1,046,250All other2,519,4421,545,73561%1,310,70618%1,049,768Non-Mandatory Fees11,754,6558,852,49375%7,330,08921%4,897,773Total student tuition & fees174,245,818144,027,50883%133,120,2328%72,602,424

State appropriation76,623,00033,049,47543%41,275,904-20%31,926,250F&A indirect8,846,0002,812,74332%3,350,383-16%3,685,833Auxiliary services10,456,3935,755,94155%5,678,6401%4,356,830Sales & services2,634,2213,106,623118%1,207,668157%1,097,592Other RevenueTFI/OSF1,900,0001,910,970101%1,270,6820%791,667Other operating revenue199,000703,917354%1,068,901-34%82,917Other non-operating11,4834,78642%5,078-6%4,784Gifts437,088212,90349%176,18421%182,120Other Revenue2,547,5702,832,576111%2,520,84612%1,061,488

Total all275,353,002191,584,86670%187,153,6732%114,730,418

FY13 Revenue DataFundSum Total AmtAccountDescrCombinedCategory51076149852.5601600Fee Fall Ugrad51076601600Admissions processing5107628650601900Fee Fall Nonrs Ugrad51076601900Admissions processing510764670603400Fee Fall Spec/Nc/Pt51076603400Admissions processing51076105615604000Fee Fall Graduate51076604000Admissions processing51076200604300Fee Fall Nonr Grad51076604300Admissions processing51076100608400Waiv-Fee Spring Ce51076608400Admissions processing5107632040608600Fee Spring Ugrad51076608600Admissions processing510766777.5608900Fee Spring Nonr Ugrd51076608900Admissions processing510768804611000Fee Spring Graduate51076611000Admissions processing510762443611300Fee Spring Nonr Grad51076611300Admissions processing5107649785619000Fee-Other51076619000Admissions processing51076-421699800Other Refunds51076699800Admissions processing$388,516.00Admissions processing Total51001$381,289.58664000Auxil Sale/Services51001664000Auxillary51001$10,000.00695000General Income51001695000Auxillary51001$1,890.09699300Cross Campus Revenue51001699300Auxillary51010$181,653.20664000Auxil Sale/Services51010664000Auxillary51016$173,089.31695000General Income51016695000Auxillary51016$70,824.60699900Recharge Revenue51016699900Auxillary51017$18,725.46641500Ccfp Bur/Nutrition51017641500Auxillary51017$79,719.20641600Titlexx Presch-State51017641600Auxillary51017$13,991.65641700Titlexx Presc-Parent51017641700Auxillary51017$17,811.55641800Titlexx Tod-State51017641800Auxillary51017$3,059.50641900Titlexx Tod-Parent51017641900Auxillary51017$86,211.35642000Voucher Presch-State51017642000Auxillary51017$1,789.00642100Voucher Presc-Parent51017642100Auxillary51017$39,435.00642400Preschool-Parent51017642400Auxillary51017$12,748.00642500Tod-Parent51017642500Auxillary51017$2,540.00652400Rso Dues51017652400Auxillary51018$44,581.97695000General Income51018695000Auxillary51018$2,805.00699900Recharge Revenue51018699900Auxillary51020$40,547.68664000Auxil Sale/Services51020664000Auxillary51041-$50.00652600Ticket Sales-Sac51041652600Auxillary51041$125,048.88656200Sub/Member New/Fund51041656200Auxillary51041$1,753.00656300Sub/Memb/Renew/Othr51041656300Auxillary51041$128,246.93656400Sub/Member/New/Othr51041656400Auxillary51041$280.00657000Donations51041657000Auxillary51041$1,364.50657200Other Inc-Match Gift51041657200Auxillary51041$9,883.60657300Underwriting51041657300Auxillary51041$51,450.00657500Workshop Fees51041657500Auxillary51041$460.00657800Friends-Tickets51041657800Auxillary51041$15,985.50664000Auxil Sale/Services51041664000Auxillary51041$4,732.00695000General Income51041695000Auxillary51041$295.00697200Mass County/City/Town51041697200Auxillary51041-$200.00699800Other Refunds51041699800Auxillary51041$9,163.93699900Recharge Revenue51041699900Auxillary51179$683,313.56601600Fee Fall Ugrad51179601600Auxillary51179$96,410.77601900Fee Fall Nonrs Ugrad51179601900Auxillary51179$87,843.16604000Fee Fall Graduate51179604000Auxillary51179$29,375.58604300Fee Fall Nonr Grad51179604300Auxillary51179$517,140.08608600Fee Spring Ugrad51179608600Auxillary51179$79,846.00608900Fee Spring Nonr Ugrd51179608900Auxillary51179$62,959.19611000Fee Spring Graduate51179611000Auxillary51179$21,741.89611300Fee Spring Nonr Grad51179611300Auxillary51179$2,057.00615000Fee Summer51179615000Auxillary51179$33,600.00615300Fee Summer Cont Ed51179615300Auxillary51179$21.19616500Fee Summer Graduate51179616500Auxillary51179$155,765.99644200Lab Ins Payment51179644200Auxillary51179$71,676.51695000General Income51179695000Auxillary51179$555.00699900Recharge Revenue51179699900Auxillary51193$24,150.00640900Vendor Refunds51193640900Auxillary51193$29.33658300Registration Fee51193658300Auxillary51193$1,261.13695000General Income51193695000Auxillary51194$125,166.20695000General Income51194695000Auxillary51194$49,336.05699900Recharge Revenue51194699900Auxillary51196$1,130.00615000Fee Summer51196615000Auxillary51196$380.00647300Housing51196647300Auxillary51196$940.00699100Revenue Redistribute51196699100Auxillary51197$333,457.83658500Parking51197658500Auxillary51197$1,764,297.28664100Parking Fees51197664100Auxillary51197-$2,311.24699800Other Refunds51197699800Auxillary51197$74,336.12699900Recharge Revenue51197699900Auxillary51197$5,596.50699999Convert Default - Revenue51197699999Auxillary51201$4,740.00695000General Income51201695000Auxillary$5,755,940.60Auxillary Total51438-$68,113.81639998Restricted Revenue Adj51438639998Gifts51438-$68,113.81639998Restricted Revenue Adj51438639998Gifts51438$1,200.00695000General Income51438695000Gifts51438$30,700.00697500Gifts-Foundations51438697500Gifts51438$10,657.86697600Gifts-Industry51438697600Gifts51438$317,924.75697800Gifts-Individuals51438697800Gifts51438-$38,351.76699100Revenue Redistribute51438699100Gifts51472$27,000.00695000General Income51472695000Gifts$212,903.23Gifts Total51079$3,145,204.20601600Fee Fall Ugrad51079601600Hybrid51079$2,558,699.00601900Fee Fall Nonrs Ugrad51079601900Hybrid51079$259,215.00604000Fee Fall Graduate51079604000Hybrid51079$157,836.00604300Fee Fall Nonr Grad51079604300Hybrid51079$1,388.50608600Fee Spring Ugrad51079608600Hybrid51079-$1,221.50608900Fee Spring Nonr Ugrd51079608900Hybrid$6,121,121.20Hybrid Total51151$589,085.50601000Fee Fall51151601000Lab Fees51151$488,408.00608000Fee Spring51151608000Lab Fees51151-$712.50615000Fee Summer51151615000Lab Fees51151-$1,320.00615300Fee Summer Cont Ed51151615300Lab Fees51151$6,800.00619000Fee-Other51151619000Lab Fees51151-$50.00623600Course Fee Spec Prgm51151623600Lab Fees$1,082,211.00Lab Fees Total51097$639,075.25601600Fee Fall Ugrad51097601600Late pay/registration fee51097$141,049.20608600Fee Spring Ugrad51097608600Late pay/registration fee51097$455.00615000Fee Summer51097615000Late pay/registration fee51097$131,500.82619000Fee-Other51097619000Late pay/registration fee51097-$1,600.00619700Late Registrationfee51097619700Late pay/registration fee$910,480.27Late pay/registration fee Total51022$87,362.23604000Fee Fall Graduate51022604000Mandatory Fee: In-State Graduate51022$65,477.55611000Fee Spring Graduate51022611000Mandatory Fee: In-State Graduate51022$22,611.55611300Fee Spring Nonr Grad51022611300Mandatory Fee: In-State Graduate51025$5,519,183.56604000Fee F