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University of Louisville Foundation President’s Report. Dr. James R. Ramsey University of Louisville. December 19, 2011. 2011 Is Almost Over!. 2011 (Did Not Exactly Go According to Plan). Expectations for good growth Things we were not t hinking about l ast year at this time

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University of Louisville Foundation

President’s Report

Dr. James R. Ramsey

University of Louisville

December 19, 2011



2011 did not exactly go according to plan
2011 (Did Not Exactly Go According to Plan)

  • Expectations for good growth

  • Things we were not thinking about last year at this time

    • Earthquakes/floods

    • Fukushima Daiichi Plant

    • European implosion

    • US downgrade

    • Gadhafi, Mubarak & Berlusconi gone


S hould we still be worried
Should We Still Be Worried?

  • Long term unemployed (up to 39.4 weeks mean)

  • Watching events in southern Europe

  • Youth unemployment

  • Underwater homeowners/current on mortgage

  • Stagnant incomes

  • Seniors living on savings

  • Policy uncertainty

    • Businesses cash

      • Healthcare

      • Immigration

      • Environment

      • Other regulation


We Know That Nationally Times

Have Been Unprecedented

US GDP



Kentucky has not been immune to those impacts
Kentucky has not been immune to those impacts

Nonfarm employment in thousands

Notes –

1 – Most people employed since January 2009

2 – Still 74,000 fewer people working today


State policy discussion
State Policy Discussion

  • State General Fund Revenue

    (funds higher education – or is supposed to

%


State policy discussion1
State Policy Discussion

  • Expenditures

    • Some History

      %

    • Structural Imbalance still exists

      • 2% cut FY12


Messages
Messages

  • Tough session/budget

  • UofL supports CPE request

    • M&O

    • Research money

    • “Bucks”

    • Performance

    • Funding 6 year capital plan


UofL

It has been tough – real tough

But moving forward


Solid Results –

Over a Decade of Progress*

*2011 data are considered preliminary pending final audit and reconciliation

10/11/2011


Solid Results –

Over a Decade of Progress*

*2011 data are considered preliminary pending final audit and reconciliation

10/11/2011


Solid Results –

Over a Decade of Progress*

*2011 data are considered preliminary pending final audit and reconciliation

10/11/2011


Seven Strategies for Success

  • Continuing re-engineering of processes and expense management

    • Enter consortium with other institutions to achieve greater leverage & efficiencies for prescription drug services

    • Reduce paper use, leverage technology

    • Energy management

    • Self insurance

    • Wash windows every other year


Seven Strategies for Success

  • Aggressively improving balance sheet management, with an emphasis on converting underperforming assets

Churchill Downs Inc. to be first ShelbyHurst office tenant


Seven Strategies for Success

  • Increasing clinical income to support education and research

    i.e. The Merger


Seven Strategies for Success

  • Increasing contract research and commercialization income

    - Also license income other intellectual property


Seven Strategies for Success

  • Creating private sector partnerships

Cardinal Towne


Seven Strategies for Success

  • Enhanced fund raising


Seven Strategies for Success

  • Being creative in expanding the research mission through innovative financing tools like the tax increment financing plan

  • HSC TIF

  • Belknap TIF


Role of ULF

  • Shelby Campus

  • KY Trailer

  • Nucleus

    • TIF (1)

    • TIF (2)

    • TIF (3)

  • Discretionary $ (LOC)

  • Change payout

    These are just a few



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