Lunch and LearnThe University’s Finances

2013-14

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Operating Budget2012-13 % of 2013-14 % ofACTUaL Total Budget Total

RevenuesTuition and Fees 107.8$ 113.5$ Room & Board Revenues 24.8 26.0 Less: Institutional Financial Aid (53.6) (56.6) Net Student Revenues 79.0 74% 82.8 74%

Auxiliary Enterprises 4.1 4% 4.1 4%Endowment & Investment Income 11.0 10% 11.6 10%Private/Gov't Gifts & Grants 8.6 8% 8.9 8%All other 4.2 4% 4.9 4% Total Operating Revenues 106.9 100% 112.3 100%

ExpendituresSalary, Wages and Benefits/Other 62.9 60% 67.1 61%Depreciation 9.5 9% 9.4 9%Business Services 7.7 7% 8.6 8%Plant Services 6.6 6% 6.4 6%Supplies 2.7 3% 2.6 2%Food 3.4 3% 3.5 3%Interest Expense 4.2 4% 3.9 4%Bookstore Purchases for Resale 2.1 2% 2.0 2%All Other Expenses 6.5 6% 6.2 6% Total Operating Expenses 105.6 100% 109.6 100%

Net Operating Results 1.3$ 2.7$

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Operating Revenue – 2013-14 Budget$112,300,000

Net Student Revenues

74%

Endowment & Investment

Income10%

Private Gifts & Grants

8%

All other8%

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Revenue Components

Net Student Revenues 2384 undergraduate students Comprehensive Fee - $57,900 90% receive institutional aid –average

aid $25,300 Gift Revenue

Total cash from gifts - $11.9 M Alumni Participation – 33%

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Revenue Components

Endowment Income Endowment market value of $257M (7/13) Investment return –

▪ 20.4% in ‘11▪ -1% in ‘12 ▪ 12.4% in ’13

We will spend 5.2% of a 3 year average market value - $11.5M

Reducing spending rate by 0.1%/year to 5%

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Endowment – Total Market Value @ 6/30

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Operating Expenditures – 2013-14$109,600,000

Salary, Wages and

Benefits61%

Depreciation9%

Plant Services

6%Business Services

8%Supplies

2%Food3%

Interest Expense

4%Bookstore Purchases for Resale

2%All Other

6%

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“Checkbook” – Cash In & Out

$ in millions Actual Estimate Budget11-12 12-13 13-14

Cash Beginning Balance 4.5 5.2 4.6

SourcesNet Student Revenues 76.6 79.0 82.2Cash from Gifts - UR and Captial 8.0 6.5 6.0Cash from DFDF 8.2Gifts for Res Hall 1.3 2.0Endowment Formula Income 11.0 11.3 11.5Other 10.0 10.2 10.2Total Cash In 105.7 108.3 120.1

UsesSalaries and Benefits & Other 61.8 63.9 67.1Capital - Annual 7.0 8.1 7.6Capital - Gift Funded .5Residence Hall ($13.5M) .6 10.9Debt Service (P&I) 6.6 5.3 6.2Add to Discret. Fin'l Discipline Fund 2.7 2.7 2.7Pay back DF2Other Operations 26.9 28.3 29.2Total Cash Out 105.0 108.9 124.2

Net Cash per Year .7 (.6) (4.1)

Cash Ending Balance 5.2 4.6 .5

Discretionary Financial Discipline Fund * 11.9 14.6 9.1

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Demand on Cash

Use to bridge residence hall gift funding

Balloon payment on debt in 2016 – pay off some of the principal

Invest more in Annual Capital – deferred maintenance is growing $4M/year

Reserve for underperformance – enrollment shortfall, discount increase, etc.

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$ in millions Actual Estimate Budget Projection11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19

Cash Beginning Balance 4.5 5.2 4.6 .5 (2) (5.8) (11.8) (16.4)

SourcesNet Student Revenues 76.6 79.0 82.2 86.9 89.0 91.7 95.2 99.3Cash from Gifts - UR and Captial 8.0 6.5 6.0 5.9 6.0 6.8 8.4 9.6Cash from DFDF 8.2 .6Gifts for Res Hall 1.3 2.0 1.3 1.2 1.2 .5 .2Endowment Formula Income 11.0 11.3 11.5 11.5 11.5 11.6 11.7 11.8Other 10.0 10.2 10.2 9.8 9.9 9.9 9.9 10.1Total Cash In 105.7 108.3 120.1 116.0 117.6 121.2 125.7 131.0

UsesSalaries and Benefits & Other 61.8 63.9 67.1 69.1 71.1 73.1 75.1 77.2Capital - Annual 7.0 8.1 7.6 7.8 10.8 12.8 14.1 12.1Capital - Gift Funded .5 .3 .3 .8 .2 2.8Residence Hall ($13.5M) .6 10.9 2.0Debt Service (P&I) 6.6 5.3 6.2 7.5 5.1 5.6 6.3 6.3Add to Discret. Fin'l Discipline Fund 2.7 2.7 2.7 2.0 2.0 2.0 2.0 2.0Pay back DF2 1.2 1.2 .5 .2Other Operations 26.9 28.3 29.2 30.0 30.7 31.6 32.1 33.1Total Cash Out 105.0 108.9 124.2 118.7 121.2 127.2 130.3 133.8

Net Cash per Year .7 (.6) (4.1) (2.7) (3.6) (6.0) (4.6) (2.8)

Cash Ending Balance 5.2 4.6 .5 (2.2) (5.8) (11.8) (16.4) (19.2)

Discretionary Financial Discipline Fund * 11.9 14.6 9.1 10.5 13.7 17.0 19.4 21.6

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“It Takes a Village…”

The university must provide for every aspect of living for our students: Housing including all utilities Dining 24/7 Health and Wellness

The extent of our facilities is a good example:

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SLU Facilities Data

Buildings 50 Institutional Buildings 50 Buildings of (Wood) Residential

Construction Includes Canaras Boathouse and Others

off campus. 100 Total1.95 Million Gross Square Feet

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Facilities Data continued: Infrastructure

3.0 miles Steam and Condensate Lines 2.0 miles of Primary Electrical Lines 2.6 miles of Roadway 5.7 miles of Walkway 6.5 miles of Trails 16.1 miles of Water, Sewer, Drainage,

Irrigation

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Facilities Data continued: Acreage

256 acres Maintained Campus (now less 44 acres returned to meadowland)

220 acres Golf Course 12 acres Parking Lots 19 acres Athletic Fields 493 acres Woodland (a good number of deer)