Uw platteville financial overview october 2011
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UW-Platteville Financial Overview October 2011 PowerPoint PPT Presentation


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UW-Platteville Financial Overview October 2011. Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services. Summary of Funding Sources State Budget Update UW-Platteville Financial Update 2010-11 Closing Balances (June 30, 2011)

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UW-Platteville Financial Overview October 2011

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Uw platteville financial overview october 2011

UW-Platteville Financial OverviewOctober 2011

Robert Cramer -Assistant Chancellor

Cathy Riedl-Farrey - Director, Financial Services


Uw platteville financial overview october 2011

  • Summary of Funding Sources

  • State Budget Update

  • UW-Platteville Financial Update

    • 2010-11 Closing Balances (June 30, 2011)

    • Summary of 2011-13 Budget Reductions

    • 2011-12 All Funds Budget

    • Financial Forecast Scenarios

    • TSI Detail

    • Debt Service Detail


Uw platteville financial overview october 2011

  • 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


2011 13 state budget all revenue sources 66 1 b

2011-13 State BudgetAll Revenue Sources - $66.1 B

http://www.legis.state.wi.us/lfb/LFBPublications_ButtonPages/2011-13_budget.htm


Ten largest general fund programs in 2011 13

Ten Largest General Fund Programs in 2011-13


Structural deficit estimates by lfb

Structural Deficit Estimates by LFB

$ Millions


Key points on 2011 13 budget

Key Points on 2011-13 Budget

  • Structural deficit is eliminated

  • Biennial Budget included lapse of $174.3 million in 2011-13 and 2013-15

  • $65.8 million of the lapse is assigned to UWS

  • Estimated closing balance of budget was $9 million at end of 2012-13 (on revenue of $14.8 billion) when budget was signed

  • UWS receives 7% of the GPR budget and is assigned 38% of the GPR lapse


Uw platteville financial update

UW-Platteville Financial Update


Fy2010 11 closing balances

FY2010-11 Closing Balances

All Funds Summary (Cash Basis)

  • Beginning Cash$ 25,137,116 (7/01/2010 rev)

  • Total Revenue$123,435,463

  • Total Expenses$124,736,260

  • Net Income$ 1,300,798

    • Excluding direct student loan amounts

  • Closing Balance$ 23,836,319 (6/30/2011)


Select fund balances

Select Fund Balances

  • Fund 102$4,245,502

    (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)


2010 11 budget of 148 9 million

2010-11 Budget of $148.9 Million


2011 12 budget of 160 4 million

2011-12 Budget of $160.4 million


Summary of 2011 2013 fund 102 reductions

Summary of 2011-2013 Fund 102 Reductions


Financial forecast scenarios

Financial Forecast Scenarios

  • Revenue modeling to project available funds from the state, TSI, and tuition (traditional undergrads and grads)

  • Key variables are tuition, enrollment and state support

  • Assumes 5.5% increases in tuition annually in 2011-13

  • Assumes flat enrollment at 2011-12 levels

  • Assumes flat general purpose revenue excluding lapse

  • Assumes lapses of $300 million in 2011-13 and 2013-15 statewide with allocation as proposed in 2011-13


Scenarios examined

Scenarios Examined

  • Original Projections (Fall 2010 with non res decline)

  • Fall 2011 Baseline – updated for sixth week

  • Fall 2011 Baseline – updated for sixth week & recent allocation of budget lapses


Enrollment summary fte

Enrollment Summary (FTE)

Note – these figures exclude distance learning, study abroad,

and school of education cost recovery students


Original projections

Original Projections


Fall 2011 baseline prior to lapse

Fall 2011 Baseline – prior to lapse


Fall 2011 baseline after lapse

Fall 2011 Baseline – after lapse


Uw platteville financial overview october 2011

Summary of Projected Closing Balances


Tsi budget detail

TSI Budget Detail

Note: 34 positions were formerly GPR funded


Unclassified fte by division all funds

Unclassified FTE by division (all funds)


Debt service

Debt Service

  • UW-Platteville has two types of debt service on facilities

    • General Fund Borrowing is funded through state appropriations of general purpose revenue

    • Program Revenue Borrowing is funded through University revenues including TSI

  • Debt is issued centrally by the State

  • 20 year bonds are typical


Debt service detail

Debt Service Detail


Questions and next steps

Questions and Next Steps

  • Proceed with Strategic Planning

  • Evaluate options to address lapses

    • Consult with UWS and others on options to mitigate

    • Consult with senates, deans, department chairs, and other on impacts and options


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