UW-Platteville Convocations

Robert CramerAssistant Chancellor

August 2011

Financial Position 2010-11

• General Purpose Revenue (GPR) – includes general funding, specific purpose funding, and earmarked funding from the state, primarily from state sales and income taxes

• Program Revenue (PR) – includes tuition, auxiliaries, and segregated fees, as revenues received for services or from users

• Federal Revenue (PR-F) – includes federal grants, financial aid, direct loans, as revenues from a federal agency

• Segregated Funds (SEG) – includes transportation fund and other separate state accounts, credited by law to a specific state fund

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

Preliminary Ending FinancesAll Funds Summary (Cash Basis)• Beginning Cash $ 25,137,116 (7/01/2010 rev)• Total Revenue $123,379,105• Total Expenses $124,736,260• Net Income $ 1,357,155– Excluding direct student loan amounts

• Closing Balance $ 23,779,961 (6/30/2011)

Select Fund Balances• Fund 102 $4,189,114

(General operations, tuition revenue, base of $48 million)

• Fund 123 $3,976,226 (Debt service, $4 M base)

• Fund 128 $2,384,352(Dining, housing, parking, base of $25 million)

• Fund 131 $10,280,339(DLC, School of Ed Cost Recovery, TSI, base of $15 million)

• Fund 136 $2,337,985(Similar to 128, HTCP, camps & conferences, base of $3.7 million)

2011-12 Budget of $160.4 millionGeneral Purpose Tax Dollars

1701363111%

Specific Purpose Tax Dollars10913119

7%

Tuition48544731

30%Federal

4915571031%

Gifts and Grants1216604

1%

Auxiliary Enter-prises

32967056.995430221%

Extension591846

0%

Overview of 2011-13 Biennial Budget

Funding Reductions with Policy• Continued state GPR reductions ($3.5 million)• New flexibilities for UW System including block

grants, supplemental pay, and elimination of overload limit ($12,000) on July 1, 2013

• New accountability reporting by UWS around performance, finances, access, undergraduate and graduate education, faculty, economic development, and collaborations

Special Task Force on UW System• 17 members• Report by January 1, 2012• Charge includes governance structure, new

personnel system, tuition setting, compensation plans, operational flexibilities, and collaboration between UW institutions.

Looking Forward

Challenges Exist• Important to acknowledge “brutal facts of

current reality” (Jim Collins) and “face reality” (Jack Welch)

• Continued reductions in state GPR funding– Total GPR spending increases by 7.6% from 2009-11

to 2011-13 yet UW System funding declines 3.8%– $1.4 billion increase in Medicaid funding– Corrections GPR exceeds UWS GPR in 2011-13

Challenges Exist• Demographics in higher education are

changing• External scrutiny and accountability will

continue• Growing role of for-profit institutions• Compensation of faculty and staff at UW-

Platteville

Opportunities to Control our Destiny

• Authority to propose supplemental pay plans• Master Plan for facilities to support growth• Initiating a University Strategic Plan• University and Foundation generating more of

our resources• Expanding our faculty and staff to support

growth – 48 total new FTE in 2011-12, 22 are faculty and instructional academic staff