FY17 Second Quarter Financial Reportthis version of the quarterly financial report now provides historical context with actual revenues and expenditures through the second quarter

FY17 Second Quarter Financial Report

February 9, 2017

Committee on Budget and Finance

Introduction

1. Change in format:

• Q2 actuals for three prior FYs (FY14-16) shown on right

• Replaces comparison to most recent FY

2. Historical data is useful for context in addition to budget to actual analysis.

2

Fund Overview

1. Virtually all General Fund and TFSF revenue (90%) have been collected for the year.

2. Revenues for all funds are slightly higher than projections, although an analysis at the campus level for TFSF reveals some cause for concern.

3. General fund expenditures are below budget due to delays in performance funding allocations and expenditures.

4. Expenditures are higher than budget for all other funds primarily due to timing issues with recording expenditures or transfers in different quarters than budgeted.

3

Fund Overview continued

5. Other Special Funds has a large expenditure variance due to $35.5 million in transfers to the Scholarship Fund at Mānoa being budgeted in Q1 although the transfer will occur in Q4.

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Revenues and Expenditures as % of YTD

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General Fund TFSF RTRF Other Special Other Revolving Total

Revenues Expenditures

Revenues (Budget vs. Actual)

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TFSF Revenue by Campus (Budget vs. Actual)

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Budget

Actual

Mānoa Hilo West O‘ahu Community Colleges Systemwide Admin

Comparison of TFSF Revenue by campus Q2 FY16 vs. Q2 FY17

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Q2 FY16 Q2 FY17

TFSF Revenue Analysis

1. Across all of UH, actual revenues are slightly higher than budget projections.

2. However, CC collections include receivables but projections are based solely on cash. The variance will shrink as the FY continues.

3. Actual Q2 FY17 revenues are slightly lower than actual Q2 FY16 revenues.

4. Roughly 90% of TFSF revenues are collected through Q1 and Q2.

5. Additional information will be available in Q3 report.

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Revenues through Q2 for current and three prior FYs

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Revenues through Q2

Actual FY14 Actual FY15 Actual FY16 Actual FY17

Expenditures (Budget vs. Actual)

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Budget Actual

Expenditures through Q2 for current and three prior FYs

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Expenditures through Q2


Mānoa

1. General Fund Non-personnel expenditures are lower than projections due to delay in receipt of performance funding allocations.

2. TFSF Non-personnel expenditures are higher than budgeted due to several large expenditures occurring in Q2 rather than later as originally projected.

3. $35.5 million transfer for Scholarship Fund was budgeted in Q1 but is anticipated for Q4, causing the large variance.

4. TFSF revenues and expenditures are closer to FY16 levels rather than FY17 projections.

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Hilo

1. Non-personnel expenditures for TFSF are lower than projections as a precaution should Spring enrollment and revenue be less than projections.

2. YTD TFSF revenue is $271,007 (1%) lower than budgeted.

14

West O‘ahu

1. TFSF Revenues are $790,312 (5%) higher than projections, and $2.2 million (15.7%) higher than prior FY.

2. TFSF Expenditures are $1.3 million (13%) lower than projections, as all expenditure categories are lower than projections.

15

Community Colleges

1. TFSF Revenues are higher than projections because actual revenues reported includes receivables while projections are based solely on cash. As the fiscal year continues, the variance will shrink as those receivables are collected.

2. TFSF Expenditures are lower than anticipated due to timing issues and enrollment decline.

3. Other Special Funds transfer variance due to debt service transfers occurring in Q2 rather than Q3 or Q4, as originally anticipated.

16

Systemwide Administration

1. General Fund Personnel expenditures were lower than anticipated due to unanticipated vacancies and delays in filling them.

2. RTRF transfers to campuses did not record in the same quarter as revenues were received by System.

3. Other special funds variance is result of Q1 variance. (Risk Management Special Fund unanticipated expenses)

17

Next Steps

1. TFSF Revenues will be monitored through Q3 – anticipating flat or slightly lower revenues in comparison to FY16.

2. Accordingly, TFSF Expenditures should be closer to FY16 levels than FY17 budgets.

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FY17 Second Quarter Financial Report

1

UNIVERSITY SYSTEM SUMMARY

Introduction In addition to comparisons of budgeted and actual revenues and expenditures, this version of the quarterly financial report now provides historical context with actual revenues and expenditures through the second quarter (Q2) for the current fiscal year (FY17) and the most recent three fiscal years. The majority of revenue both general funds and Tuition and Fees Special Fund (TFSF) is collected in Q1 and Q2 while expenditures are steady throughout the year. Therefore, calculating revenues less expenditures is not useful at this time. To illustrate this, the following chart shows the actual revenues and expenditures through Q2 as a percentage of total annual budgets.

Fund Revenues Expenditures General Fund 99.8% 48.1% TFSF 89.6% 41.2% RTRF 51.0% 52.9% Other Special 56.7% 66.0% Other Revolving 73.0% 45.2% Total 87.0% 48.6%

On the expenditure side, most funds are at or below 50% of their annual budgets through half of the fiscal year. The notable exception is the Other Special Funds category. However, there is an anticipated transfer into the Scholarship Fund of approximately $35.5 million in Q4. If this is accounted for, Other Special Funds would be at 43.6% of their annual budget.

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General Fund TFSF RTRF Other Special Other Revolving Total

Revenues Expenditures

2

The following chart shows revenues through Q2 FY17, comparing budgeted and actual amounts.

Fund Budget Actual Difference General Fund $ 466,653,073 $ 469,022,020 $ 2,368,947 TFSF $ 306,000,626 $ 312,430,489 $ 6,429,863 RTRF $ 24,007,306 $ 24,384,965 $ 377,659 Other SF $ 81,827,167 $ 85,965,034 $ 4,137,867 Other RF $ 26,454,452 $ 27,615,507 $ 1,161,055 Total $ 904,942,624 $ 919,418,015 $ 14,475,391

Actual revenues are slightly higher than projections for all funds. However, a

deeper analysis of TFSF revenue by campus and comparison to actual Q2 FY16 collections would indicate that some caution should be exercised through the remainder of the fiscal year.

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Q2 FY17 Revenues (Budget vs Actual)

Budget Actual

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The following chart shows TFSF Revenue through Q2 by campus:

Campus Budget Actual Difference Mānoa $ 213,469,898 $ 199,110,651 $ (14,359,247) Hilo $ 35,427,807 $ 35,156,800 $ (271,007) West O‘ahu $ 15,589,238 $ 16,379,550 $ 790,312 Community Colleges $ 41,124,513 $ 61,249,052 $ 20,124,539 Systemwide Admin $ 389,170 $ 534,437 $ 145,267 Total $ 306,000,626 $ 312,430,490 $ 6,429,864

Although TFSF revenues across UH are higher, revenue at Mānoa is significantly lower than projections ($14.3 million) and is balanced by revenue at Community Colleges being significantly higher than projections ($20.1 million). However, the actual revenues reported by Community Colleges include receivables while the projection is done purely on a cash basis. As such, this variance for the Community Colleges will reduce as the fiscal year continues.

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Q2 FY17 TFSF Revenue by Campus


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A comparison of TFSF actual revenues for Q2 FY16 versus Q2 FY17 provides a useful perspective:

Campus Q2 FY16 Q2 FY17 Difference Mānoa $ 200,739,823 $ 199,110,651 $ (1,629,172) Hilo $ 35,017,413 $ 35,156,800 $ 139,387 West O‘ahu $ 14,159,853 $ 16,379,550 $ 2,219,697 Community Colleges $ 62,585,319 $ 61,249,052 $ (1,336,267) Systemwide Admin $ 411,810 $ 534,437 $ 122,627 Total $ 312,914,218 $ 312,430,490 $ (483,728)

When comparing actual revenue collections for FY16 versus FY17 through Q2, total TFSF revenues for UH are slightly lower in FY17 than FY16. As roughly 90% of annual TFSF revenues for the current fiscal year have been collected already, it would be more reasonable to assume that TFSF revenues for FY17 will be at or slightly below FY16 revenues. Additional information will be available in Q3.

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SystemwideAdmin

TFSF Revenues Q2 FY16 vs. Q2 FY17

Q2 FY16 Q2 FY17

5

The following chart compares budgeted and actual expenditures through Q2 FY17:

Fund Budget Actual Difference % of budget General Fund $ 239,332,423 $ 226,346,923 $ (12,985,500) -5.4% TFSF $ 139,128,906 $ 144,496,986 $ 5,368,080 3.9% RTRF $ 24,547,595 $ 26,454,788 $ 1,907,193 7.8% Other SF $ 67,326,016 $ 104,863,092 $ 37,537,076 55.8% Other RF $ 15,225,057 $ 16,148,210 $ 923,153 6.1% Total $ 485,559,997 $ 518,309,999 $ 32,750,002 6.7%

General Fund expenditures are lower than budgeted amounts through a combination of factors that are discussed in the appropriate sections of the Mānoa, Community Colleges, and Systemwide Administration portions of this document. In short, these factors are conservative budgeting, performance funding allocation delays, procurement delays, and unanticipated personnel changes. In all other funds, however, expenditures are higher than budgeted. Notably, Other Special Funds are significantly higher which is attributable primarily to $35.5 million in transfers to the Scholarship Fund at Mānoa being budgeted in Q1 rather than Q4 when they will actually occur. However, once this $35.5 million is accounted for, actual variance is 3.0%. Tuition and Fees expenditures are also higher than anticipated (3.9%), primarily at Mānoa. The reasons for Mānoa’s variance are primarily timing-related and should balance out by the end of the fiscal year.

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Q2 FY17 Expenditures (Budget vs Actual)

Budget Actual

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Research and Training Revolving Fund (RTRF) variance is primarily due to timing issues between different quarters involving Systemwide Administration’s non-personnel expenditures and transfers out to campuses. Other Revolving Fund expenditures are also higher than budgeted, primarily due to the timing of non-personnel costs at Mānoa, as those costs occurred earlier than anticipated. Again, this should resolve as the fiscal year continues.

Historical Context As part of further refinement of this report, the Board of Regents requested that prior fiscal years be included to provide additional context. The following charts show actual revenues and expenditures through Q2 of the current and three prior fiscal years (FY14-FY17):

Fund Actual FY14 Actual FY15 Actual FY16 Actual FY17 General Fund $ 391,271,407 $ 407,787,629 $ 432,849,364 $ 469,022,020 TFSF $ 290,767,191 $ 304,892,140 $ 312,914,217 $ 312,430,489 RTRF $ 10,744,770 $ 14,366,961 $ 23,977,260 $ 24,384,965 Other SF $ 82,957,624 $ 85,060,036 $ 83,796,924 $ 85,965,034 Other RF $ 26,795,157 $ 27,122,679 $ 27,867,926 $ 27,615,507 Total $ 802,536,149 $ 839,229,445 $ 881,405,691 $ 919,418,015

While General Fund appropriations have increased in the most recent four fiscal years, the large majority of those increases have been for collective bargaining. Although we do acknowledge increases for performance funding, athletics, Title IX, the Academy for Creative Media, STEM, and support for the Community Colleges and

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Revenues through Q2


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West O‘ahu campus, those increases account for roughly $28.8 million, or 37 percent, of the $77.8 million increase in General Fund support from FY14 to FY17.

The leveling off and slight decline for TFSF revenue is a cause for concern although not unanticipated. Enrollment at UH has declined in recent years, a trend consistent with other higher education institutions across the country. In planning for future budgets, the TFSF revenue trend will need to be monitored carefully.

Fund Actual FY14 Actual FY15 Actual FY16 Actual FY17 General Fund $ 192,644,115 $ 203,043,498 $ 211,578,659 $ 226,346,923 TFSF $ 159,441,862 $ 150,993,212 $ 144,002,789 $ 144,496,986 RTRF $ 23,105,945 $ 23,615,533 $ 27,292,108 $ 26,454,788 Other SF $ 99,839,636 $ 88,085,294 $ 100,240,460 $ 104,863,092 Other RF $ 15,466,216 $ 13,291,820 $ 14,043,536 $ 16,148,210 Total $ 490,497,774 $ 479,029,357 $ 497,157,552 $ 518,309,999

Following its revenue trend, General Fund expenditures have increased steadily for the past several fiscal years. TFSF expenditures through Q2 have declined in recent years, in recognition of the revenue trend. Expenditures for the other funds have held relatively steady.

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Expenditures through Q2


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MĀNOA

General Fund Non-personnel costs were lower than projected due to conservative budgeting of costs and the delay in receipt of performance fund allocations. Performance fund allocations were released to campus units on November 15, 2016. The majority of the non-personnel costs projected on general funds are for performance funding related expenditures and other fund maximization costs at the end of the fiscal year.

Tuition and Fees Special Fund

Revenues for the tuition and fees special fund are based on an annual projection of revenue. The majority of total revenues (92%) were budgeted in Q1 and therefore there will be a variance throughout the fiscal year. The budget to actual variance for YTD revenues decreased from 44% in Q1 to 7% in Q2. Actual revenues through FY17 Q2 are slightly less than the FY16 YTD Q2 revenue amounts, reflecting the enrollment decrease being experienced in FY17. Revenues will be finalized once the Spring Semester census date (February 13, 2017) has passed. Utilities expenditures are lower than projected since two months of campus substation charges were paid in Q1 rather than three months, due to an early payment of the May-June electricity invoice in FY16. Utility expenditures through Q2 therefore include five instead of six monthly substation payments; if six payments had been made, the budget to actual variance at Q2 would have been closer to 1%. Actual rates and consumption are being monitored throughout the year. Non-personnel costs are higher than budgeted due to several large expenditures that occurred in Q2 instead of later in the year as originally projected. These include:

$750,000 in SOEST ship operations costs that were originally budgeted in Q4;

$1,800,000 in Library Services expenditures for large journal contracts; and

$3,200,000 in Outreach expenditures that were budgeted to occur in Q3.

If the timing of these expenditures had conformed to the original budget projections, the YTD Q2 non-personnel expenditures would have been approximately $23 million which would have been within the range of prior YTD Q2 expenditure amounts.

The variance in budget to actual transfer amounts is due to the timing of transfers between quarters. The largest of these variances is $3.4 million in transfers from Mānoa to System that were budgeted to occur in Q4 but instead were recorded in the first two quarters of the year.

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Research & Training Revolving Fund The distribution of RTRF Revenue for Q2 from System to the campuses was not recorded until January 2017, resulting in a variance of approximately 50% of YTD revenue, as there have only been two quarters of revenue.

RTRF budgets for both personnel and non-personnel expenditures are traditionally conservative in nature due to uncertainty of the timing of expenditures. Most of these costs are associated with start-up packages for PIs and as such actual expenditures vary depending on the needs of the PI. These expenditures are budgeted to be relatively evenly spread over the year, resulting in these variances.

Utility expenditures on RTRF are typically paid throughout the year with the exception of the amount paid centrally by the Office of Planning and Facilities (OPF). OPF had projected to expend funds on utilities in the first quarter, but that charge usually happens in the last quarter. The variance will continue to decrease as the year progresses. Transfer budgets for RTRF cash transfers were not entered on the BOR approved budget sheet as an administrative oversight.

Other Special Funds Actual non-personnel costs were lower than projected due to conservative projections of operating costs. Personnel costs were higher than projected due to a change in anticipated funding source for Athletics personnel costs. Personnel costs initially projected to be covered by General Funds are instead being funded by the UHM Athletics Special Fund, since the type of personnel counts held by Athletics cannot be funded with General Funds. This increased the amount of personnel costs through Q2 on Other Special Funds by $2.5 million. This increase was partially offset by lower than projected expenditures on the Cancer Research Special Fund of $1.2 million.

Actual utilities costs were lower than projected due to conservative projections of utility rates.

Transfers for other special funds include transfers for debt service, assessments to UH System and for Tuition based scholarships. The transfer of the scholarship funds was entered as a budgeted item in the first quarter, but typically the transfer occurs in the fourth quarter once the revenues for the year have been received. The amount budgeted in Q1 was $35.5 million. Once this is accounted for, the actual variance is $483,410, or 2.16% of the budgeted amount.

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Other Revolving Funds

Total Revenue is higher due to revenues for the Student Activities Revolving Fund recorded earlier in the year than projected. Actual FY17 YTD revenues are comparable to FY16 YTD revenue amounts. Non-personnel costs were higher than projected due primarily to expenditures from the Student Activities Revolving Fund being roughly $2 million higher than projected. This amount was partially offset by expenditures in several other revolving funds with lower than projected expenditures through Q2. The Student Activities Revolving Fund is expected to exceed original expenditure projections for the year, due to two payments made in FY17 for FY16.

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HILO

Tuition and Fees Special Fund Non-personnel expenditures are $2,259,492, or 34% less than projected. The

reduction in expenditure is a result of cautious spending due to the uncertainty of Spring enrollment which showed signs of being less than projected. Also contributing to the lower expenditure is the timing of when encumbrances are liquidated and recorded as expenditures, as it is difficult to accurately project when payments are made for capital renewal and deferred maintenance (CRDM) projects.

Utility expenditures are lower than projected mainly due to a decrease in electricity usage.

Transfers are $686,599, or 44% less than projected due to the timing of recording transfers for assessments to UH System in the Kuali Financial System (KFS). Various transfers for assessments to UH System will be reflected in Q3 and Q4 instead of Q2, as initially projected. The actual amount transferred to UH System for the UH Foundation Assessment was less than projected.

WEST O‘AHU

Tuition and Fees Special Fund TFSF expenditures are lower than projected particularly in the areas of

Non-Personnel and Utility costs. Timing of Non-Personnel expenditures vary from year to year depending on the requirements of the instructional and support units. An increase in Non-Personnel expenditures is anticipated for Q3 and Q4. Tokai University is being assessed for its share of water costs, creating the variance in Utilities expenditures.

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COMMUNITY COLLEGES

General Funds The variance is largely due to $1.25 million in projected equipment expenditures in Q2. The Community Colleges received general funds of $1.25 million in FY17 to establish a funding pool to cover equipment replacement needs at the campuses. One hundred percent of the funds were allocated to the campuses in the Fall. However, the initial expenditure projection did not adequately factor in the time needed to procure these items.

Tuition and Fees Special Fund The annual TFSF revenue projection of $67,296,325 is a cash basis projection based on flat enrollment and BOR approved tuition rate increases for resident and non-resident students. The year-to-date quarterly budget of $41,124,513 was developed by applying the average actual quarterly cash basis revenue for three prior fiscal years to the annual projection. The actual revenue amount of $61,249,052 includes receivables and will therefore be higher than the budgeted cash basis revenue projection until receivables are collected. Thus, this variance should shrink as the fiscal year continues. FY17 actual revenues through Q2 are roughly equivalent to the prior three fiscal years through Q2. Future revenue projections will be changed to eliminate this difference.

The TFSF Non-Personnel expenditure variance in Q2 is due to a combination of factors. Expenditure levels are low, due to more conservative spending caused by a decline in enrollment. The original budget also included projected expenditures associated with new facility and facility renovation costs not covered by CIP appropriations. These expenditures include telecom, non-built-in equipment, and certain furniture costs that cannot be charged to CIP construction funds. The actual costs for some of these items are lower than originally projected and some will occur later in the fiscal year.

The projected annual utilities budget (for all means of financing) was increased

due to potential increases in energy costs, however, actual utilities expenditures for the first half of FY17 remained near FY16 levels.

Research & Training Revolving Fund The variance in non-personnel expenditures in Q2 is due to several factors. The level and timing of operating expenses in support of research and training grants and contracts are dependent on the supplemental funding needs of each individual grant or contract and may change during the life of these projects. Actual costs were lower than original projections in some areas.

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Other Special Funds Other SF revenues are primarily from Community Colleges Special Fund (CCSF) non-credit and Summer Session programs. The level of activity and timing of revenues collected from CCSF programs in particular, vary from year to year. The budgeted revenue amount of $7,687,083 is a cash basis projection which was developed by applying the average actual quarterly cash basis revenue for three prior fiscal years to the FY17 annual projection. The actual revenues of $9,476,463 include receivables and will, therefore, be higher than budgeted revenue until receivables are collected. Future revenue projections will be changed to eliminate this difference. Other SF expenditures are primarily for CCSF Non-Credit and Summer Session programs. As self-sustaining programs, revenues are carefully tracked and expenditure levels are adjusted accordingly. CCSF funded programs have implemented improved business planning to deal with natural fluctuations in the demand for non-credit offerings including enhanced cost center based budgeting for revenues and expenses.

The majority of the Other SF transfer variance is attributed to transfers from the CCSF ($412,000) and Revenue Undertaking SF ($1.3 million) for debt service payments related to the Culinary Institute of the Pacific and for energy conservation and alternative energy projects. The transfer for the Culinary Institute of the Pacific debt service was budgeted in the fourth quarter instead of the second quarter creating a timing variance. Similarly, the transfer for the energy conservation and alternative energy projects debt service was processed in the second quarter but an offsetting transfer from the TFSF was not recorded by quarter end closing. This transfer is anticipated during the third quarter.

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SYSTEMWIDE ADMINISTRATION

General Funds Personnel expenditures were less than anticipated due to unanticipated

resignations and the delay in time to fill or pending re-descriptions of these vacant positions to strategically fill them with pending reorganizations.

Non-personnel expenditures were less than anticipated due in large part to a

change in strategy to book Information Technology Service (ITS) General Fund expenditures to Tuition and Fees Special Funds (TFSF) accounts to improve budget management. In addition, there were unrealized expenses in areas such as travel, equipment, fee-based services, and printing.

Tuition and Fees Special Funds Personnel expenditures exceed budgeted amount due to the new

implementation of the vacation pool fringe assessment. Dollars for System employees are accounted for in the general funds, however, the fringe must be charged to a non-general fund account. The total vacation fringe will be cleared prior to the end of the fiscal year.

Research and Training Revolving Fund The revenue variance stems from a timing issue that RTRF revenues were realized in the Vice President for Research and Innovation account, but the transfer to the campuses did not record in the same quarter.

The Non-personnel expenditure variance is a timing issue with expenses that were planned for Q2 or Q3 but actually executed in Q1 or Q2; and unbudgeted purchases that required review, such as software renewals and memberships and cohort payments for the Hawai‘i Innovation Initiative. The Transfers variance is due to timing issues where documents to transfer funds were initiated before the end of the second quarter, but documents were not approved by campuses because of the holidays at the end of the year when many people are on vacation. These transfers will be reflected in Q3.

Other Special Funds The variance in Non-personnel expenditures was due to unanticipated expenses

on the Risk Management Special Fund (RMSF) and on the University Revenue Undertakings Fund. Payments on the RMSF totaling nearly $460,000 towards the Mauna Kea legal services contract were made in Q1, but were budgeted in Q4. In addition, settlement payments on the RMSF of approximately $55,000 were made in Q1. Variances are inherent on the RMSF due to its self-insurance nature. It is difficult to accurately project the amount and timing of expenditures on the RMSF, as claims of

15

loss, settlements, judgments, and legal expenses invariably fluctuate throughout the fiscal year.

The transfer variance was largely due to a timing issue with the transfer-in for

the Risk Management special fund assessment where documents to transfer funds were initiated before the end of the second quarter, but documents were not approved by campuses because of the holidays at the end of the year when many people are on vacation. These transfers will be reflected in Q3.

Report to the University of Hawai‘i Board of Regents Committee on Budget and Finance

FY 2017 Second Quarter Financial Report For the Period Ending December 31, 2016

FY17 2nd Qtr BOR Financial Report (02-02-17)/UOH Page 1 of 12

FY 2017YTD Budget

FY 2017YTD Actual Difference %

FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation 466,653,073 469,022,020 2,368,947 1% 432,849,364 407,787,629 391,271,407

Personnel 229,637,676 221,689,793 (7,947,883) -3% 207,186,490 200,837,870 190,328,497 Non-Personnel (incl. trfs for B+) 9,102,628 4,139,783 (4,962,845) -55% 3,969,796 1,750,619 1,798,918 Utilities 592,119 517,348 (74,771) -13% 422,373 455,010 516,700 Total Expenditures 239,332,423 226,346,923 (12,985,500) -5% 211,578,659 203,043,498 192,644,115 Revenue - Expenditures 227,320,650 242,675,097 221,270,705 204,744,131 198,627,292

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 306,000,626 312,430,489 6,429,863 2% 312,914,217 304,892,140 290,767,191

Personnel 64,668,971 66,128,346 1,459,375 2% 64,606,273 76,517,267 74,511,445 Non-Personnel 46,437,244 49,320,871 2,883,627 6% 44,251,122 43,183,198 50,370,885 Utilities 25,895,015 21,692,226 (4,202,789) -16% 24,876,863 26,341,248 28,417,428 Transfers 2,127,676 7,355,543 5,227,867 246% 10,268,532 4,951,499 6,142,104 Total Expenditures/Transfers 139,128,906 144,496,986 5,368,080 4% 144,002,789 150,993,212 159,441,862 Revenue - Expenditures/Transfers 166,871,720 167,933,503 168,911,428 153,898,928 131,325,329

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 24,007,306 24,384,965 377,659 2% 23,977,260 14,366,961 10,744,770

Personnel 7,351,660 8,485,306 1,133,646 15% 8,016,517 8,722,242 9,305,129 Non-Personnel 17,743,431 14,189,688 (3,553,743) -20% 15,944,587 10,755,749 13,158,817 Utilities 4,346,210 2,450,976 (1,895,234) -44% 2,014,057 2,870,970 11,463 Transfers (4,893,706) 1,328,818 6,222,524 -127% 1,316,947 1,266,572 630,536 Total Expenditures/Transfers 24,547,595 26,454,788 1,907,193 8% 27,292,108 23,615,533 23,105,945 Revenue - Expenditures/Transfers (540,289) (2,069,822) (3,314,848) (9,248,572) (12,361,175)

Expenditures/Transfers

Revenue

Expenditures

FY2017 Budget-to-Actual Prior Fiscal Years

TUITION & FEES SF (TFSF)Revenue



RESEARCH & TRAINING RF (RTRF)Revenue

GENERAL FUNDS

UNIVERSITY OF HAWAI‘IFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016


FY17 2nd Qtr BOR Financial Report (02-02-17)/UOH Page 2 of 12

UNIVERSITY OF HAWAI‘IFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 81,827,167 85,965,034 4,137,867 5% 83,796,924 85,060,036 82,957,624

Personnel 27,869,920 29,064,174 1,194,254 4% 27,758,627 27,080,364 27,957,400 Non-Personnel 61,404,639 58,277,169 (3,127,470) -5% 62,321,097 40,961,940 59,214,670 Utilities 4,826,019 4,319,927 (506,092) -10% 3,158,948 4,337,569 3,913,696 Transfers (26,774,562) 13,201,823 39,976,385 -149% 7,001,787 15,705,422 8,753,870 Total Expenditures/Transfers 67,326,016 104,863,092 37,537,076 56% 100,240,460 88,085,294 99,839,636 Revenue - Expenditures/Transfers 14,501,151 (18,898,058) (16,443,535) (3,025,258) (16,882,012)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 26,454,452 27,615,507 1,161,055 4% 27,867,926 27,122,679 26,795,157

Personnel 5,248,045 5,169,295 (78,750) -2% 4,921,099 4,980,290 4,261,218 Non-Personnel 10,279,132 11,142,993 863,861 8% 9,065,379 8,253,040 10,735,072 Utilities 136,980 145,810 8,830 6% 31,664 30,720 32,552 Transfers (439,100) (309,887) 129,213 -29% 25,395 27,770 437,373 Total Expenditures/Transfers 15,225,057 16,148,210 923,153 6% 14,043,536 13,291,820 15,466,216 Revenue - Expenditures/Transfers 11,229,395 11,467,297 13,824,390 13,830,859 11,328,941

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 904,942,624 919,418,016 14,475,392 2% 881,405,691 839,229,445 802,536,148

Personnel 334,776,272 330,536,913 (4,239,359) -1% 312,489,005 318,138,033 306,363,689 Non-Personnel 144,967,074 137,070,504 (7,896,570) -5% 135,551,982 104,904,545 135,278,363 Utilities 35,796,343 29,126,286 (6,670,057) -19% 30,503,905 34,035,517 32,891,839 Transfers (29,979,692) 21,576,297 51,555,989 -172% 18,612,661 21,951,263 15,963,882 Total Expenditures/Transfers 485,559,997 518,309,999 32,750,002 7% 497,157,552 479,029,358 490,497,774 Revenue - Expenditures/Transfers 419,382,627 401,108,017 384,248,139 360,200,088 312,038,374

TOTAL, UOHRevenue



OTHER SPECIAL FUNDSRevenue




OTHER REVOLVING FUNDSRevenue


FY17 2nd Qtr BOR Financial Report (02-02-17)/UHM Page 3 of 12

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation (including net transfers) 238,220,819 237,476,575 (744,244) 0% 220,509,734 206,186,867 197,519,270

Personnel 121,076,275 117,489,396 (3,586,879) -3% 110,803,244 106,418,335 103,868,049 Non-Personnel 2,758,079 745,067 (2,013,012) -73% 556,319 22,755 19,985 Utilities - 144 144 budget = 0 - - - Total Expenditures 123,834,354 118,234,608 (5,599,746) -5% 111,359,563 106,441,090 103,888,034 Revenue - Expenditures 114,386,465 119,241,967 109,150,171 99,745,777 93,631,236

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 213,469,898 199,110,651 (14,359,247) -7% 200,739,823 195,828,241 185,281,176

Personnel 43,599,860 44,198,120 598,260 1% 43,999,115 54,832,092 52,029,882 Non-Personnel 19,846,235 28,781,390 8,935,155 45% 22,002,717 21,821,203 26,633,144 Utilities 16,536,238 14,306,403 (2,229,835) -13% 17,093,475 17,238,987 19,535,547 Transfers (net) (1,871,838) 4,211,304 6,083,142 -325% 7,249,287 4,555,938 5,867,335 Total Expenditures/Transfers 78,110,495 91,497,217 13,386,722 17% 90,344,594 98,448,220 104,065,907 Revenue - Expenditures/Transfers 135,359,403 107,613,433 110,395,228 97,380,022 81,215,268

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 15,022,374 7,950,912 (7,071,462) -47% 7,534,373 6,190,799 13,827

Personnel 3,689,237 4,185,617 496,380 13% 4,832,261 5,889,809 5,521,305 Non-Personnel 10,240,994 5,998,509 (4,242,485) -41% 8,076,009 5,135,107 8,033,801 Utilities 4,302,177 1,935,661 (2,366,516) -55% 2,014,057 2,870,970 860 Transfers (net) (3,305,211) 1,328,818 4,634,029 -140% 1,442,666 1,384,430 963,799 Total Expenditures/Transfers 14,927,197 13,448,604 (1,478,593) -10% 16,364,992 15,280,315 1 Revenue - Expenditures/Transfers 95,177 (5,497,692) (8,830,619) (9,089,516) 13,826

GENERAL FUNDS

University of Hawai‘i - MānoaFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016



Revenue

Expenditures






FY17 2nd Qtr BOR Financial Report (02-02-17)/UHM Page 4 of 12

University of Hawai‘i - MānoaFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 65,799,801 68,624,190 2,824,389 4% 67,748,657 65,827,432 65,195,805

Personnel 20,052,748 21,384,456 1,331,708 7% 20,640,976 19,773,755 20,358,058 Non-Personnel 46,929,341 43,841,199 (3,088,142) -7% 49,269,958 27,658,850 44,346,875 Utilities 4,628,713 4,049,364 (579,349) -13% 2,886,844 4,002,828 3,764,798 Transfers (net) (22,372,888) 13,853,013 36,225,901 -162% 9,816,262 14,342,629 9,670,756 Total Expenditures/Transfers 49,237,914 83,128,032 33,890,118 69% 82,614,041 65,778,062 78,140,487 Revenue - Expenditures/Transfers 16,561,887 (14,503,843) (14,865,384) 49,370 (12,944,682)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 21,845,217 23,095,257 1,250,040 6% 23,097,512 22,708,423 22,367,587

Personnel 4,031,715 4,042,727 11,012 0% 3,802,272 3,957,155 3,402,653 Non-Personnel 8,392,808 9,816,270 1,423,462 17% 7,503,937 6,788,114 9,352,948 Utilities 136,552 134,542 (2,010) -1% 31,664 30,720 32,552 Transfers (net) (209,000) (310,683) (101,683) 49% 16,768 28,000 86,251 Total Expenditures/Transfers 12,352,075 13,682,856 1,330,781 11% 11,354,641 10,803,989 12,874,404 Revenue - Expenditures/Transfers 9,493,142 9,412,402 11,742,872 11,904,434 9,493,183

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 554,358,109 536,257,584 (18,100,525) -3% 519,630,099 496,741,763 470,377,664

Personnel 192,449,835 191,300,316 (1,149,519) -1% 184,077,868 190,871,146 185,179,946 Non-Personnel 88,167,457 89,182,436 1,014,979 1% 87,408,940 61,426,030 88,386,753 Utilities 25,603,680 20,426,113 (5,177,567) -20% 22,026,039 24,143,505 23,333,757 Transfers (27,758,937) 19,082,452 46,841,389 -169% 18,524,983 20,310,996 16,588,141 Total Expenditures/Transfers 278,462,035 319,991,317 41,529,282 15% 312,037,830 296,751,677 313,488,597 Revenue - Expenditures/Transfers 275,896,074 216,266,267 207,592,269 199,990,086 156,889,067

TOTAL, UH MANOARevenue









FY17 2nd Qtr BOR Financial Report (02-02-17)/UHH Page 5 of 12

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation (including net transfers) 35,030,101 35,234,644 204,543 1% 32,027,764 30,991,301 30,601,746

Personnel 17,210,311 16,833,506 (376,805) -2% 15,672,465 15,700,728 14,435,828 Non-Personnel 261,004 353 (260,651) -100% 7,406 231,928 348,601 Utilities - - - budget = 0 - - - Total Expenditures 17,471,315 16,833,858 (637,457) -4% 15,679,871 15,932,656 14,784,429 Revenue - Expenditures 17,558,786 18,400,786 16,347,893 15,058,645 15,817,317

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 35,427,807 35,156,800 (271,007) -1% 35,017,413 34,630,155 34,483,932

Personnel 6,623,011 6,534,801 (88,210) -1% 6,764,562 6,938,729 6,854,419 Non-Personnel 6,592,357 4,332,865 (2,259,492) -34% 4,992,615 4,965,950 5,307,258 Utilities 2,588,388 2,077,483 (510,905) -20% 2,265,732 2,908,542 2,535,042 Transfers (net) 1,552,008 865,409 (686,599) -44% 1,342,720 512,942 804,869 Total Expenditures/Transfers 17,355,764 13,810,558 (3,545,206) -20% 15,365,629 15,326,163 15,501,588 Revenue - Expenditures/Transfers 18,072,043 21,346,242 19,651,783 19,303,992 18,982,344

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 1,946,229 1,664,044 (282,185) -14% 1,872,851 2,310,493 -

Personnel 72,404 230,040 157,636 218% 156,212 82,580 336,741 Non-Personnel 2,635,451 2,155,024 (480,427) -18% 2,985,383 2,214,333 2,319,718 Utilities - 1,514 1,514 budget = 0 - - - Transfers (net) - (146,010) (146,010) budget = 0 (109,043) - 350,344 Total Expenditures/Transfers 2,707,855 2,240,568 (467,287) -17% 3,032,552 2,296,912 3,006,804 Revenue - Expenditures/Transfers (761,626) (576,524) (1,159,701) 13,581 (3,006,804)

University of Hawai‘i - Hilo

Prior Fiscal Years

TUITION & FEES SF (TFSF)

FY2017 Budget-to-Actual





FY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

Revenue


GENERAL FUNDSRevenue

Expenditures

FY17 2nd Qtr BOR Financial Report (02-02-17)/UHH Page 6 of 12

University of Hawai‘i - HiloFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 6,735,180 6,551,615 (183,565) -3% 6,559,661 6,594,997 6,378,983

Personnel 881,508 858,661 (22,847) -3% 988,520 800,837 844,136 Non-Personnel 5,832,005 5,650,753 (181,252) -3% 5,112,775 5,717,831 5,416,665 Utilities 141,330 166,005 24,675 17% 179,972 157,179 140,479 Transfers (net) 584,069 580,098 (3,971) -1% 573,216 510,913 773,086 Total Expenditures/Transfers 7,438,912 7,255,518 (183,394) -2% 6,854,483 7,186,760 7,174,367 Revenue - Expenditures/Transfers (703,732) (703,903) (294,821) (591,762) (795,384)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 1,960,594 1,940,206 (20,388) -1% 1,970,044 1,833,762 1,703,405

Personnel 595,926 521,422 (74,504) -13% 548,080 498,108 453,890 Non-Personnel 434,491 400,528 (33,963) -8% 457,452 525,001 608,863 Utilities - 4,054 4,054 budget = 0 - - - Transfers (net) - 3 3 budget = 0 (0) 237 - Total Expenditures/Transfers 1,030,417 926,007 (104,410) -10% 1,005,532 1,023,346 1,062,753 Revenue - Expenditures/Transfers 930,177 1,014,199 964,511 810,416 640,653

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 81,099,911 80,547,308 (552,603) -1% 77,447,732 76,360,708 73,168,067

Personnel 25,383,160 24,978,430 (404,730) -2% 24,129,839 24,020,981 22,925,015 Non-Personnel 15,755,308 12,539,523 (3,215,785) -20% 13,555,631 13,655,043 14,001,106 Utilities 2,729,718 2,249,056 (480,662) -18% 2,445,704 3,065,721 2,675,521 Transfers 2,136,077 1,299,500 (836,577) -39% 1,806,893 1,024,092 1,928,299 Total Expenditures/Transfers 46,004,263 41,066,509 (4,937,754) -11% 41,938,067 41,765,837 41,529,941 Revenue - Expenditures/Transfers 35,095,648 39,480,799 35,509,666 34,594,871 31,638,126

TOTAL, UH HILORevenue



OTHER REVOLVING FUNDS



Revenue




FY17 2nd Qtr BOR Financial Report (02-02-17)/UHWO Page 7 of 12

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation (including net transfers) 15,097,132 15,785,482 688,350 5% 13,871,157 12,793,063 8,757,928

Personnel 7,402,886 7,776,187 373,301 5% 7,416,395 5,474,286 4,093,019 Non-Personnel 30,000 9,143 (20,857) -70% 14,527 - - Utilities - - - budget = 0 - - - Total Expenditures 7,432,886 7,785,330 352,444 5% 7,430,922 5,474,286 4,093,019 Revenue - Expenditures 7,664,246 8,000,152 6,440,235 7,318,777 4,664,909

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 15,589,238 16,379,550 790,312 5% 14,159,853 12,470,479 10,463,026

Personnel 2,685,400 2,424,294 (261,106) -10% 1,419,596 1,837,460 2,356,268 Non-Personnel 1,417,500 1,054,268 (363,232) -26% 864,247 719,891 387,235 Utilities 815,500 432,714 (382,786) -47% 532,427 618,171 583,506 Transfers (net) 4,646,511 4,386,902 (259,609) -6% 4,645,571 1,936,740 1,969,158 Total Expenditures/Transfers 9,564,911 8,298,179 (1,266,732) -13% 7,461,841 5,112,261 5,296,167 Revenue - Expenditures/Transfers 6,024,327 8,081,371 6,698,012 7,358,217 5,166,859

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 158,000 41,380 (116,620) -74% 70,102 83,595 -

Personnel - 3 3 budget = 0 116 36 14 Non-Personnel 45,095 33,086 (12,009) -27% 30,888 6,592 23,621 Utilities - - - budget = 0 - - 10,182 Transfers (net) - - - budget = 0 - - - Total Expenditures/Transfers 45,095 33,089 (12,006) -27% 31,004 6,628 33,816 Revenue - Expenditures/Transfers 112,905 8,291 39,098 76,967 (33,816)

GENERAL FUNDS

University of Hawai‘i - West O‘ahuFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016



Revenue

Expenditures






FY17 2nd Qtr BOR Financial Report (02-02-17)/UHWO Page 8 of 12

University of Hawai‘i - West O‘ahuFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 102,750 56,688 (46,063) -45% 132,362 20,219 49,537

Personnel 15,100 41,418 26,318 174% 4,543 - - Non-Personnel 1,208,408 1,328,859 120,451 10% 1,269,113 529,596 553,316 Utilities - - - budget = 0 - - - Transfers (net) (1,470,891) (1,321,511) 149,380 -10% (1,499,741) 813,047 (0) Total Expenditures/Transfers (247,383) 48,765 296,148 -120% (226,085) 1,342,642 553,316 Revenue - Expenditures/Transfers 350,133 7,922 358,447 (1,322,423) (503,780)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 823,000 791,080 (31,920) -4% 702,900 677,564 590,444

Personnel 134,000 103,979 (30,021) -22% 97,051 75,428 31,711 Non-Personnel 218,250 151,159 (67,091) -31% 109,914 90,834 51,235 Utilities - 6,754 6,754 budget = 0 - - - Transfers (net) - - - budget = 0 - (1,091) - Total Expenditures/Transfers 352,250 261,893 (90,357) -26% 206,965 165,172 82,946 Revenue - Expenditures/Transfers 470,750 529,187 495,935 512,392 507,498

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 31,770,120 33,054,180 1,284,060 4% 28,936,373 26,044,920 19,860,934

Personnel 10,237,386 10,345,881 108,495 1% 8,937,701 7,387,210 6,481,012 Non-Personnel 2,919,253 2,576,516 (342,737) -12% 2,288,688 1,346,913 1,015,407 Utilities 815,500 439,469 (376,031) -46% 532,427 618,171 593,688 Transfers 3,175,620 3,065,391 (110,229) -3% 3,145,830 2,748,696 1,969,158 Total Expenditures/Transfers 17,147,759 16,427,256 (720,503) -4% 14,904,646 12,100,990 10,059,265 Revenue - Expenditures/Transfers 14,622,361 16,626,924 14,031,727 13,943,931 9,801,670


TOTAL, UH WEST OAHURevenue



Revenue






FY17 2nd Qtr BOR Financial Report (02-02-17)/UHCC Page 9 of 12

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation (including net transfers) 133,033,016 135,406,897 2,373,881 2% 122,554,485 116,421,787 114,255,649

Personnel 64,300,654 61,482,472 (2,818,182) -4% 56,761,135 58,041,422 53,909,470 Non-Personnel 1,836,919 56,681 (1,780,238) -97% 62,054 55,398 46,096 Utilities 509,580 451,172 (58,408) -11% 422,373 455,010 516,700 Total Expenditures 66,647,153 61,990,324 (4,656,829) -7% 57,245,562 58,551,829 54,472,266 Revenue - Expenditures 66,385,863 73,416,573 65,308,923 57,869,958 59,783,383

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 41,124,513 61,249,052 20,124,539 49% 62,585,319 61,539,644 60,111,911

Personnel 11,028,201 11,702,285 674,084 6% 11,979,326 11,976,335 12,915,030 Non-Personnel 15,009,618 11,766,686 (3,242,932) -22% 12,974,877 11,649,738 12,975,245 Utilities 5,950,733 4,816,459 (1,134,274) -19% 4,979,155 5,566,336 5,756,889 Transfers (net) 1,257,323 996,011 (261,312) -21% 3,021,798 2,363,982 2,041,380 Total Expenditures/Transfers 33,245,875 29,281,442 (3,964,433) -12% 32,955,155 31,556,391 33,688,543 Revenue - Expenditures/Transfers 7,878,638 31,967,610 29,630,163 29,983,254 26,423,367

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 851,000 1,103,246 252,246 30% 1,338,903 2,855,548 -

Personnel 408,896 578,882 169,986 42% 486,653 224,687 422,931 Non-Personnel 970,682 288,917 (681,765) -70% 488,853 255,018 334,734 Utilities 2,782 236 (2,546) -92% - - - Transfers (net) - - - budget = 0 - (34,136) 32,124 Total Expenditures/Transfers 1,382,360 868,035 (514,325) -37% 975,506 445,569 789,789 Revenue - Expenditures/Transfers (531,360) 235,211 363,397 2,409,979 (789,789)


Revenue

Expenditures



Prior Fiscal Years




GENERAL FUNDS

University of Hawai‘i - Community CollegesFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016


FY17 2nd Qtr BOR Financial Report (02-02-17)/UHCC Page 10 of 12

University of Hawai‘i - Community CollegesFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 7,687,083 9,476,463 1,789,380 23% 8,546,523 9,801,496 10,594,343

Personnel 6,278,767 6,149,919 (128,848) -2% 5,860,702 6,237,923 6,558,240 Non-Personnel 3,981,520 2,976,923 (1,004,597) -25% 2,871,997 3,424,804 5,077,943 Utilities 53,198 35,556 (17,642) -33% 92,132 177,562 8,419 Transfers (net) (14,852) 1,663,242 1,678,094 -11299% 1,797,651 1,958 (49,799) Total Expenditures/Transfers 10,298,633 10,825,641 527,008 5% 10,622,483 9,842,247 11,594,803 Revenue - Expenditures/Transfers (2,611,550) (1,349,177) (2,075,960) (40,751) (1,000,460)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 1,277,230 1,349,956 72,726 6% 1,663,624 1,620,884 1,786,512

Personnel 285,204 347,915 62,711 22% 340,130 315,656 298,647 Non-Personnel 797,346 614,454 (182,892) -23% 679,854 747,953 622,488 Utilities 85 172 87 102% - - - Transfers (net) - 793 793 budget = 0 2,023 - - Total Expenditures/Transfers 1,082,635 963,335 (119,300) -11% 1,022,007 1,063,609 921,135 Revenue - Expenditures/Transfers 194,595 386,621 641,617 557,275 865,377

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 183,972,842 208,585,614 24,612,772 13% 196,688,853 192,239,360 186,748,415

Personnel 82,301,722 80,261,473 (2,040,249) -2% 75,427,945 76,796,024 74,104,319 Non-Personnel 22,596,085 15,703,662 (6,892,423) -31% 17,077,635 16,132,910 19,056,506 Utilities 6,516,378 5,303,594 (1,212,784) -19% 5,493,660 6,198,908 6,282,008 Transfers 1,242,471 2,660,047 1,417,576 114% 4,821,472 2,331,804 2,023,704 Total Expenditures/Transfers 112,656,656 103,928,776 (8,727,880) -8% 102,820,713 101,459,645 101,466,537 Revenue - Expenditures/Transfers 71,316,186 104,656,838 93,868,141 90,779,714 85,281,879


TOTAL, UH COMMUNITY COLLEGESRevenue


Prior Fiscal Years





Revenue



FY17 2nd Qtr BOR Financial Report (02-02-17)/UHSW Page 11 of 12

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Allocation (including net transfers) 45,272,005 45,118,422 (153,583) 0% 43,886,224 41,394,611 40,136,814

Personnel 19,647,550 18,108,231 (1,539,319) -8% 16,533,251 15,203,099 14,022,130 Non-Personnel 2,716,626 1,828,539 (888,087) -33% 1,829,490 1,440,538 1,384,237 Utilities 82,539 66,032 (16,507) -20% - - - Transfers (B+ Scholarships) 1,500,000 1,500,000 - 0% 1,500,000 - - Total Expenditures 23,946,715 21,502,803 (2,443,912) -10% 19,862,741 16,643,637 15,406,366 Revenue - Expenditures 21,325,290 23,615,619 24,023,483 24,750,974 24,730,448

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 389,170 534,437 145,267 37% 411,810 423,620 427,146

Personnel 732,499 1,268,846 536,347 73% 443,673 932,651 355,846 Non-Personnel 3,571,534 3,385,661 (185,873) -5% 3,416,666 4,026,416 5,068,003 Utilities 4,156 59,166 55,010 1324% 6,075 9,212 6,445 Transfers (net) (3,456,328) (3,104,083) 352,245 -10% (5,990,844) (4,418,103) (4,540,638) Total Expenditures/Transfers 851,861 1,609,590 757,729 89% (2,124,431) 550,177 889,655 Revenue - Expenditures/Transfers (462,691) (1,075,153) 2,536,241 (126,556) (462,509)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 6,029,703 13,625,384 7,595,681 126% 13,161,031 2,926,526 10,730,943

Personnel 3,181,123 3,490,764 309,641 10% 2,541,276 2,525,130 3,024,138 Non-Personnel 3,851,209 5,714,153 1,862,944 48% 4,363,454 3,144,700 2,446,942 Utilities 41,251 513,565 472,314 1145% - - 421 Transfers (net) (1,588,495) 146,010 1,734,505 -109% (16,675) (83,722) (715,731) Total Expenditures/Transfers 5,485,088 9,864,492 4,379,404 80% 6,888,055 5,586,109 4,755,770 Revenue - Expenditures/Transfers 544,615 3,760,892 6,272,977 (2,659,582) 5,975,173


RESEARCH & TRAINING RF (RTRF)


GENERAL FUNDS

University of Hawai‘i - Systemwide ProgramsFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016


Prior Fiscal Years

TUITION & FEES SF (TFSF)



Revenue

Expenditures

Revenue

Revenue

FY17 2nd Qtr BOR Financial Report (02-02-17)/UHSW Page 12 of 12

University of Hawai‘i - Systemwide ProgramsFY 2017 Second Quarter Financial Report for the Period Ending December 31, 2016

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 1,502,353 1,256,079 (246,274) -16% 809,721 2,815,891 738,957

Personnel 641,797 629,719 (12,078) -2% 263,886 267,848 196,965 Non-Personnel 3,453,365 4,479,434 1,026,069 30% 3,797,254 3,630,858 3,819,871 Utilities 2,778 69,003 66,225 2384% - - - Transfers (net) (3,500,000) (1,573,020) 1,926,980 -55% (3,685,601) 36,876 (1,640,173) Total Expenditures/Transfers 597,940 3,605,136 3,007,196 503% 375,539 3,935,583 2,376,663 Revenue - Expenditures/Transfers 904,413 (2,349,057) 434,183 (1,119,692) (1,637,707)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 548,411 439,008 (109,403) -20% 433,846 282,046 347,208

Personnel 201,200 153,251 (47,949) -24% 133,566 133,943 74,318 Non-Personnel 436,237 160,581 (275,656) -63% 314,223 101,137 99,539 Utilities 343 288 (55) -16% - - - Transfers (net) (230,100) - 230,100 -100% 6,603 624 351,122 Total Expenditures/Transfers 407,680 314,121 (93,559) -23% 454,392 235,705 524,978 Revenue - Expenditures/Transfers 140,731 124,888 (20,546) 46,341 (177,770)

FY 2017YTD Budget


FY 2016YTD Actual

FY 2015YTD Actual

FY 2014YTD Actual

Total Revenue 53,741,642 60,973,330 7,231,688 13% 58,702,633 47,842,694 52,381,068

Personnel 24,404,169 23,650,812 (753,357) -3% 19,915,651 19,062,672 17,673,397 Non-Personnel 15,528,971 17,068,368 1,539,397 10% 13,721,087 12,343,650 12,818,592 Utilities 131,067 708,053 576,986 440% 6,075 9,212 6,866 Transfers (8,774,923) (4,531,093) 4,243,830 -48% (8,186,517) (4,464,325) (6,545,421) Total Expenditures/Transfers 31,289,284 36,896,141 5,606,857 18% 25,456,296 26,951,209 23,953,434 Revenue - Expenditures/Transfers 22,452,358 24,077,189 33,246,337 20,891,485 28,427,634


Prior Fiscal Years


TOTAL, UH SYSTEMWIDE PROGRAMSRevenue


RevenueOTHER SPECIAL FUNDS





Documents

FY17 Second Quarter Financial Reportthis version of the quarterly financial report now provides historical context with actual revenues and expenditures through the second quarter