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FINANCIAL UPDATE 2012 AND 2013 BUDGET. Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. Affordable Tuition 3X Funded Research Challenges.

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Presentation on theme: "FINANCIAL UPDATE 2012 AND 2013 BUDGET. Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. Affordable Tuition 3X Funded Research Challenges."— Presentation transcript:

1 FINANCIAL UPDATE 2012 AND 2013 BUDGET

2 Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. Affordable Tuition 3X Funded Research Challenges State Support Expense Increases Tuition Ceiling Competitive Comp. NIH, NSF Funding Facilities – Labs Philanthropy - Alumni Approach UG Enrollment Reputation - Mktg Facilities/Progs. Selective Hiring Capital Campaign Expense Management Budget Discussion Background

3 Net Revenues and Expenses All Funds (in millions) *Net Revenues = Gross revenues less scholarships ** Expenses = Total expenditures including transfers 1

4 Revenues All Funds (in millions) 2

5 State Appropriation, Total Expenses and Compensation All Funds (in millions) *Compensation = Salaries, Wages and Benefits **Expenses = Total expenditures including transfers 3

6 Net Revenues and Expenses Operating Fund (in millions) *Net Revenues = Gross revenues less scholarships **Expenses = Total expenditures including transfers 4

7 FY12 BudgetFY12Variances Net Revenues$231.8$236.0 $4.2 Tuition ($0.6) Scholarships $3.6 Miscellaneous & sales $1.2 Expenditures & Transfers $6.4 Salaries ($0.7) Benefits $0.4 Operating expenses ($4.4) Capital $9.4 Internal transfers $1.7 Operating income (loss) ($10.2) $0.4$10.6 FY12 Budget vs. FY12 Actual Operating Fund (in millions) 5

8 FY12 ProformaFY12Variances Net Revenues$229.2$236.0 $6.8 Tuition $0.3 Scholarships $2.0 State funding $3.8 Sales & Service ($.5) Miscellaneous $1.2 Expenditures & Transfers Salaries ($7.1) Benefits $2.4 Other operating $1.9 Capital $5.1 Transfers $.8 Internal Sales $.9 Operating income (loss) ($10.4) $0.4$10.8 FY12 Proforma vs. FY12 Actual Operating Fund Only (in millions) 6

9 FY13 Budget vs. FY12 Actual Operating Fund Only (in millions) FY13 BudgetFY12Variances Revenues$242.3$236.0$6.3 Tuition $8.7 Scholarships ($3.6) State funding $.4 Sales & Service $.3 Miscellaneous & other $.5 Expenditures & Transfers (20.5) Salaries ($1.5) Benefits ($3.5) Operating cost ($.9) Capital ($11.9) Transfers ($2.7) Operating income (loss) ($13.8) $0.4($14.2) 7

10 FY13 Budget vs. FY13 Proforma Operating Fund Only (in millions) FY13 Budget FY 13 Proforma Variances Revenues$240.9$235.0 $5.9 Tuition $.8 Scholarships ($.5) State funding $4.2 Sales & Services ($.6) Miscellaneous $2.0 Expenditures & Transfers (18.9) Salaries ($5.9) Benefits $1.6 Operating expenses ($6.8) Capital ($6.6) Internal Sales $.6 Transfers ($2.0) Operating income (loss) ($13.8) ($.8)($13.0) 8

11 Student Credit Hours (Total 311,109 hours) (Total 7,069 hours) 9

12 Mix of Student Credit Hours Percentage by unit Includes credit hours from calendar year 2008Includes credit hours from calendar year

13 Expenses (Operating Fund) 11

14 UMKC Expense Trends Compensation (Operating Fund) 12

15 Average Full Time Equivalent Employees FY10 vs. FY12 15

16 Change in Average Full Time Equivalent Employees FY10 vs. FY12 16

17 Salaries and Wages FY10 vs. FY12 (in millions) 13

18 Change in Salaries and Wages FY10 vs. FY12 (in millions) 14


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