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Presented to the Board of Trustees March 10, 2010 Financial Indicators.

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Presentation on theme: "Presented to the Board of Trustees March 10, 2010 Financial Indicators."— Presentation transcript:

1 Presented to the Board of Trustees March 10, 2010 Financial Indicators

2 1 State of Illinois General Fund Appropriations Fiscal Year 2010 $28.5 Billion$2.7 Billion

3 2 State of Illinois – General Revenue Fund Estimated Accumulated Unpaid Vouchers Dollars in Billions TOTAL ACCOUNTS PAYABLE At end of fiscal year Projected unpaid vouchers Contributions owed to state pension systems Payment on FY 2010 pension borrowing Loss of one-time federal stimulus aid Miscellaneous revenue losses/sweeps $6 billion $4.1 billion $0.8 billion $1.5 billion $350 million PROJECTED FY 2011 REVENUE SHORTFALL APPROACHES $13 billion nearly FY 2010: Nearly $6 billion (projected) Source: Chicago Tribune

4 3 Cumulative Change in State Tax Appropriation -20.9% -20.4% -14.0% In Constant 2009 Dollars (CPI) FY02 – FY10 exclude $45 million from higher education for Health Insurance payment to CMS. ISAC Community Colleges Universities 30.7% Elementary/Secondary

5 4 Unrestricted$1,853.3MUnrestricted$1,853.3M Where Does the Money Come From? FY 2010 Where Do the Dollars Go? FY 2010 Unrestricted Instructional Funds

6 5 CollectedBilledAppropriationRescissionStimulus In Millions $388 $680 $724 $19 $743 $133 $617 $697.5 $45.5 $ $542 $665 $722 State Appropriation Revenue Unrestricted Funds Billings and Collections through February 28, 2010

7 6 UI Month End GRF Receivable Fiscal Year 2007 through Fiscal Year 2010 In Millions Month End General Revenue Fund Receivable * * * The first two months of FY10 have receivables from FY09 still outstanding. The receivable amount for each month in millions is as follows: July $77; August $44.

8 7 In Constant 2009 CPI Dollars Original Appropriation Spending Authority UI Direct State Tax Appropriations (GRF) Fiscal Year 2000 – Fiscal Year 2010 In Millions

9 8 Income Fund (Tuition) Revenue Unrestricted Funds Fiscal Year ; collections through February of Fiscal Year In Millions 11.1% 10.9% 8.2% 12.7% Annual tuition revenue increased by 50.2% in total from FY06-FY10 $655 $722 MAP

10 9 State and Income Fund FY 2000 – FY 2010 Total Enrollment FY 2000 over 67,000 Total Enrollment FY 2010 over 75,000 General Tax Funds Income Fund In Millions In Constant 2009 CPI Dollars

11 10 Sponsored Projects Revenue Restricted Funds Budget Fiscal Year ; Actual through February Fiscal Year In Millions Sponsored project revenue increased by 12.7% in total from FY06-FY10 $640 $442 $407 $721 $636 $614 $ %.8% 3.6% 13.4% Thru 2/28 Thru 2/28

12 11 Federal Grants and Contracts Expenditures All Functions – Total University In Millions

13 12 Total Research & Development Expenditures FY 2008 Source: National Science Foundation (fiscal year 2008 is latest data available) National Ranking In Millions

14 13 Hospital Revenue/Expense/Net Income Fiscal Year 2009 versus Fiscal Year 2010 through January 31 In Millions

15 14 Personal Services Expenditures Fiscal Year 2006 through Fiscal Year 2010 In Millions 1.8% 3.2% 1.3%3.4% Personal Services expenditures increased by $186 million or 10% in total from FY06-FY10

16 15 Utility Budget versus Actual Expenditures Fiscal Year 2005 through Fiscal Year 2010 In Millions FY10 Actual is through 1/31/10

17 16 University of Illinois Total Debt by Type $692.4 $803.1 $1,018.1 $1,098.7 $1,131.0 $1,202.2 $1,322.2 $1,693.9 $1,543.5 $1,686.9 In Millions

18 17 University of Illinois Total Debt by Campus $692.4 $803.1 $1,018.1 $1,098.7 $1,131.0 $1,202.2 $1,322.2 $1,693.9 $1,543.5 $1,686.9 In Millions

19 18 Information Technology Expenses Fiscal Year 2009 Total = $202 Million

20 19 Information Technology Expenses by Campus $202 Million Total


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