Fy2012 recap
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FY2012 Recap. Annual Financial Report Division of Business Affairs. Contents. Financial Position Revenues and Expenditures Specific Financial Activities HEAF (Higher Education Assistance Funds) Student Service Fees University Business Services Endowments Major Projects Completed/Current.

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FY2012 Recap

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Fy2012 recap

FY2012 Recap

Annual Financial Report

Division of Business Affairs


Contents

Contents

  • Financial Position

  • Revenues and Expenditures

  • Specific Financial Activities

    • HEAF (Higher Education Assistance Funds)

    • Student Service Fees

    • University Business Services

    • Endowments

  • Major Projects Completed/Current

  • 2 of 46


    Financial position

    Financial Position

    3 of 46


    Net assets

    Net Assets

    4 of 46


    Utpa s annual financial condition rating satisfactory

    UTPA’s Annual Financial Condition Rating: Satisfactory

    Composite Financial Index (CFI) measures the overall financial health of an institution by combining four core ratios into a single score. The threshold for good financial health is3.0.

    Note: For FY12, UTPA’s adjusted CFI is 4.0 after excluding the Expendable Capital Projects of $35.6M for the Fine Arts Complex. This reporting standard will be in effect consistently in FY2013 for all UT Institutions.

    CFI UTPA Trend

    Overall CFI score ranges from -4 to 10. Core ratios (and weights): Primary Reserve (35%), Expendable Resources to Debt (35%), Return on Net Assets (20%), and Annual Operating Margin (10%).

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    Scale for charting cfi fy12 utpa 4 7 adjusted 4 0

    Scale for Charting CFI – FY12 UTPA 4.7 (adjusted 4.0)

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    Financial position cfi

    Financial Position – CFI

    FY2011

    FY2012

    UT System Academics

    UTPA adjusted CFI 4.0

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    Annual operating margin ratio

    Annual Operating Margin Ratio

    UTPA Trend

    Is the institution living within its available resources.

    FY12 UT System Academics

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    Operating expense coverage ratio

    Operating Expense Coverage Ratio

    UTPA Trend

    Number of months an institution can cover future operating expenses

    FY12 UT System Academics

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    Debt capacity utpa

    Debt Capacity - UTPA

    Must meet 2 out of 3 benchmarks

    Only Austin 4.2% and Brownsville 4.8% meet the maximum threshold

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    Outstanding debt at 8 31 12 utpa

    Outstanding Debt at 8/31/12- UTPA

    *Properties funded by TRB debt include the Fine Arts Complex (in progress), Engineering Building, Education Complex, Thermal Energy Plant Expansion, General Classroom Project, New Computer Center, Academic Annex, Campus Entrance/Visitor's Center, Admin Offices Renovation, and the Starr County Upper Level Center.

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    Administrative cost ratio

    Administrative Cost Ratio

    Ratio of institutional support expenses to total expenses (excluding auxiliaries and service departments)

    UTPA Trend

    FY2012 UT System Academics

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    Revenues

    Revenues

    13 of 46


    Revenues comparison w prior years

    Revenues (comparison w/prior years)

    14 of 46


    Revenues comparison with prior years

    Revenues – Comparison with Prior Years

    15 of 46


    Revenues comparison with prior years1

    Revenues – Comparison with Prior Years

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    General revenue

    General Revenue

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    Sponsored programs

    Sponsored Programs

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    Restricted expenditures excluding financial aid

    Restricted Expenditures(Excluding Financial Aid)

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    Expenditures

    Expenditures

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    Total expenses comparison with prior years

    Total Expenses (comparison with prior years)

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    Total expenses comparison w prior years

    Total Expenses (comparison w/prior years)

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    Fy2012 personnel costs by college division

    FY2012 Personnel Costsby College/Division

    Support Staff/Other category includes Work-Study, Direct Wage, Special Assignment/Part-Time Staff, Overtime Pay, Accrued Vacation, Longevity.

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    Fy2012 scholarships by college division

    FY2012 Scholarships by College/Division

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    Specific financial activities

    Specific Financial Activities

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    Heaf higher education assistance funds

    HEAF

    (Higher Education Assistance Funds)

    26 of 46


    Fy2012 recap

    HEAF

    27 of 46


    Student service fees

    Student Service Fees

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    Student service fees collected

    Student Service Fees Collected

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    Student service fee allocation

    Student Service Fee Allocation

    SSF Revenue Sources*

    SSF Revenue Distribution

    Net Increase/Decrease in Fair Market Value of Investments

    $2,846

    0.04%

    SSF Reserve -

    Athletics

    $105,505

    1.6%

    SSF Reserve -

    Other Student Activities

    $825,289

    12.2%

    Interest Income

    $61,840

    0.9%

    Athletics

    $2,907,830

    43.1%

    Other Student Activities

    $2,914,733

    43.2%

    Net Student Service Fees

    $6,694,363

    99.0%

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    University business services

    University Business Services

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    University business services revenue by source

    University Business ServicesRevenue by Source

    $699,245

    $685,695

    $662,504

    $284,860

    $311,130

    $297,460

    $242,890

    $228,288

    $168,960*

    FY 10

    FY 11

    FY 12

    *Food Services revenue does not include $2.25 million paid to the University by Sodexo for improvement/expansion of food service venues.

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    University business services expenditures transfers

    University Business ServicesExpenditures & Transfers

    Maintenance

    and Utilities

    $202,444

    5.4%

    Operational

    Support

    $315,079

    8.3%

    Funding for University

    Projects and Initiatives

    $3,257,245

    86.3%

    33 of 46


    University business services official ring program

    University Business ServicesOfficial Ring Program

    34 of 46


    Endowments

    Endowments

    35 of 46


    Endowments utpa fiscal years 2003 2012

    Endowments – UTPAFiscal Years 2003-2012

    36 of 46


    Endowment comparison w ut system academics 8 31 12

    Endowment Comparison w/UT System Academics, 8/31/12

    37 of 46


    Major projects completed current

    Major ProjectsCompleted/Current

    38 of 46


    Major projects completed

    Major Projects Completed

    • Haggar Renovations (Community Engagement & Student Success Building)

      - Total project cost (as of 8/31/12): $3,636,587

    • Annex Renovations (Visual Arts Building)

      - Total project cost (as of 8/31/12): $3,335,905

    39 of 46


    Major projects completed1

    Major Projects Completed

    • Food Services Expansion (Phase I)

      • Sandella’s

      • Jazzman’s

        - Total projected cost: $1,178,630

        Expenses as of (8/31/2012): $808,239.70

    • Parking Lot Improvements

      Expansion of Lots T-1 & T-2 (500

      new spaces north of Education Building)

      - Total project cost (as of 8/31/12): $770,055

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    Major projects completed2

    Major Projects Completed

    Software Implementation

    • SciQuest Implementation (iShop Procurement System)

      - Total project cost (as of 8/31/12): $562,403

    41 of 46


    Major projects current

    Major Projects Current

    • Projects Underway for FY2013 and beyond

      • Construction

        • Fine Arts Academic and Performance Complex

          Projected total cost: $42,696,000

          - Expenses (as of 8/31/12): $4,696,947

        • Academic & Administration Building Addition

          Projected total cost: $11,900,000

          - Expenses (as of 8/31/12): $62,538

        • University Financial Services Building (previously Land & Title Company building)

          Projected total cost: $1,800,000

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    Major projects current1

    Major Projects Current

    • Projects Underway for FY2013 and beyond

      • Construction

        • Food Services Expansion Phase II

          Total projected cost: $2,531,378

          Total project cost ( as of 8/31/12): $1,245,481

          Project A - Taco Poncho’s Remodel

          Total projected cost: $528,689

          Project B – Student Union Food Court

          -Slice of Life

          -Chick-fil-A

          -Mein Bowl

          Total project cost: $1,130,298

          Project C – Game room Conversion to Retail

          -C Store

          -Sub-Connection

          -Starbucks

          Total projected cost: $872,391

    43 of 46


    Major projects current2

    Major Projects Current

    • Projects Underway for FY2013 and beyond

      • Safe Room (Shelter Dome)

        - Projected total cost: $4,950,000

      • Physician’s Assistance Program relocation to current Bookstore

        - Projected total cost: $2,900,000

      • Bookstore relocation to Learning Resource Center (Library)

        - Pending estimate for projected total cost

      • Heating, Ventilation and Air Conditioning Projects

        • Health & Physical Education Bldg & Field house - Projected total cost: $925,000

        • Physical Science Building - Projected total cost: $550,000

        • University Cafeteria - Projected total cost: $250,000

      • Additional Parking Lots Improvements Projects

        • LAMAR - Projected total cost: $910,000

        • International Trade and Technology (ITT) - Projected total cost: $212,505

    44 of 46


    Major projects current3

    Major Projects Current

    • Projects Underway for FY2013 and beyond

      • Software Implementation

        • Budget & Planning Software (Hyperion)

          Projected total cost: $852,337

          - Expenses (as of 8/31/12): $702,919

        • Oracle R12

          Projected total cost: $ 1,583,197

          - Expenses (as of 8/31/12): $ 63,530

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    Q a and for more info

    Q & A and For More Info…

    Contact:

    [email protected]

    On the Web: http://portal.utpa.edu/utpa_main/dba_home/comptroller_home

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