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Treasurer’s Report

Treasurer’s Report. OPTN/UNOS Board of Directors Meeting June 25-26, 2012. OPTN Items to be Presented. Fiscal year (FY) 2011 financial results Consolidated audit report for FY 2011 Proposed budget for FY 2013. OPTN FY 2011 Results. OPTN revenues:

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Treasurer’s Report

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  1. Treasurer’s Report OPTN/UNOS Board of Directors Meeting June 25-26, 2012

  2. OPTN Items to be Presented • Fiscal year (FY) 2011 financial results • Consolidated audit report for FY 2011 • Proposed budget for FY 2013

  3. OPTN FY 2011 Results • OPTN revenues: $4,153,699 in appropriated federal funds. • Base funding of $2,500,000 • Remaining funding for the Deceased Donor Potential Study (DDPS) • $30,456,855 in OPTN registration revenue • 52,063 registrations x $585 • Registrations were 2,686 or approximately $1,571,000 less than budget.

  4. OPTN FY 2011 Results • OPTN expenses: • $33,039,241 in total expenses. • Expenses are covered by: • registration funding of $28,885,542 • federal appropriations of $4,153,699. • Expenses were approximately $2,256,000 below budget.

  5. OPTN FY 2011 Results • OPTN Revenues & Expenses • Funding – expenses = $1,571,000. • Of the $1,571,000, $686,000 was due to expenses being less than revenues, and $885,000 was due to timing of federal appropriations for the DDPS. • Excess funds (once collected) remain in the OPTN bank accounts until needed.

  6. OPTN FY 2011 Audit • OPTN A-133 compliance audit is a component of the UNOS audit. • Unqualified or “clean” opinion issued on UNOS financial statements and OPTN operations. • No material weaknesses in internal controls or non-compliance with federal or contract requirements was detected. • UNOS is considered a low-risk auditee.

  7. OPTN FY 2011 Audit • Board of Directors action required: • RESOLVED, that the 2011 OPTN audited financial statements and the related OMB Circular A-133 compliance audit, as performed by Cherry Baekert and Holland, are hereby approved.

  8. OPTN FY 2011 Results • Due to bankruptcy of HISF and closure of the facility, OPTN and UNOS fees are deemed to be uncollectable. • OPTN fees owed by HISF are $63,237. • Executive Committee waived OPTN and UNOS fees that would generate by the transfer of patients from HISF to other transplant centers.

  9. OPTN FY 2011 Results • Board of Directors action required: • RESOLVED, that the OPTN writes off unpaid OPTN fees of $63,237 from HISF and this information is communicated to the Membership and Professional Standards Committee.

  10. OPTN FY 2012 Projection • Revenue and expenses • Registrations are expected to be 1,800 below budget causing a funding shortfall of approx. $1,100,000. • Expenditures should be close to budget. • Funding is sufficient to cover expenditures due to excess funds generated in FY 2010 and FY 2011. • No draw is needed from OPTN reserves.

  11. OPTN FY 2013 Budget • OPTN revenues are $36,446,333 • $2,500,000 in federal appropriations • $33,946,333 in OPTN registration fees • OPTN registration fee revenue accounts for 93% of funding. • Kidney registrations account for approximately 63% of total registrations.

  12. OPTN FY 2013 Budget • OPTN expenses are $36,446,333 • OPTN expenses are approx. $74,000 greater than the FY 2012 Budget. • Cost components and the existing scope of work were not changed due current contract requirements. • It is unknown if the scope of work will change in next OPTN contract.

  13. OPTN FY 2013 Budget - Fees • OPTN fees: • $48 (8%) increase from $603 to $651 • Registrations are expected to be 1,800 less than in the FY 2012 Budget. • Expenses for FY 2013 are flat compared to FY 2012. • Federal funding is expected to remain at $2,500,000.

  14. OPTN FY 2013 Budget - Fees • OPTN fees: • Uncertainty exists about the number of registrations for FY 2013 due to implementation of a new Kidney policy. • To fund the budget, and put the OPTN on a good financial footing prior to a period of uncertainty, an 8% fee increase is necessary.

  15. 2013 OPTN Budget • Board of Directors action required: • RESOLVED, that the 2013 OPTN Operating Budget is hereby approved, and • FURTHER RESOLVED, that the Board of Directors hereby approves the increase in the OPTN patient registration fee from $603 to $651, effective October 1, 2012. • FURTHER RESOLVED, that Policy 11.0 (Registration Fee) shall be amended as set forth below effective October 1, 2012 (see report).

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