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Cabinet 2009

Cabinet 2009. Budget Presentation Cathy Riedl-Farrey. Summary of Reductions. Budget Review Task Force Results. FY2010 Positive Notes. Cost to Continue items fully funded Enrollment is looking strong TSI numbers are up (over 1,000 students) and UWP retains 100% of these dollars

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Cabinet 2009

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  1. Cabinet 2009 Budget Presentation Cathy Riedl-Farrey

  2. Summary of Reductions

  3. Budget Review Task Force Results

  4. FY2010 Positive Notes • Cost to Continue items fully funded • Enrollment is looking strong • TSI numbers are up (over 1,000 students) and UWP retains 100% of these dollars • Reductions have not resulted in lay offs

  5. 2009-10 Total Budget$110.1 million*

  6. Budget Changes from 2008-09 to 2009-10

  7. Budget Changes from 2008-09 to 2009-10

  8. UWP Sources of Revenue1972-73 through 2009-10

  9. Bonding Notes • Two types of bonding • General Fund Supported Borrowing (GFSB) • Program Revenue Supported Borrowing (PRSB) • State sets aside approximately 4% of its yearly GPR income to pay for bonding. These dollars are part of the entire state budget and cover all general purpose borrowing. 

  10. Bonding (continued) • Issuance and refinancing of bonds is by the Department of Administration (DOA) • Bond terms can vary from 10 year commercial papers to 20 year bonds. • Platteville currently has PRSB bonds maturing from FY2010 through FY2030. • Projects are bonded as expenditures are made so any one project may have several bonds with different maturity dates.

  11. Bonding (continued) • UW System provides the campus with a schedule of the PRSB payment schedules when new bonds are issued or existing bonds are refinanced. • The schedule is used for the annual auxiliary budget process and budgeted debt service must be reconciled with the UW System schedule.

  12. Bonding (continued) • UW System invoices the campus for both the GFSB and PRSB payments • GFSB payments are made out of Fund 110. System loads the budget for this Fund. • PRSB payments are made out of Fund 123 with a revenue transfer from the respective program revenue operation to the corresponding Fund 123 account. • A special fund was set up for TSI bond payments. The bond payments relating to TSI are accounted for out of Fund 194.

  13. Bonding Summary

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