1. UW-Platteville Financial Overview October/November 2013 Robert Cramer - Vice Chancellor Cathy Riedl-Farrey - Director, Financial Services 1

2. Summary of Funding Sources UW-Platteville Financial Update – 2012-13 Closing Balances (June 30, 2013) – 2012-13 All Funds Budget – Tuition and enrollment – Budget Forecast model – TSI Detail – Debt Service Detail 2

3. General Purpose Revenue (GPR) – includes general funding, specific purpose funding, and earmarked funding from the state, primarily from state sales and income taxes [Funds 102, 104, 109, 110, 402, 403, 406] Program Revenue (PR) – includes tuition, auxiliaries, and segregated fees, as revenues received for services or from users [Funds 123, 128, 131, 132, 136, 189] NOTE: Segregated fees are charges assessed to students including textbook rental, health services, student center operations, athletics, intermural sports, parking, student activities (allocable), municipal services, children’s center and ID systems. Federal Revenue (PR-F) – includes federal grants, financial aid, direct loans, as revenues from a federal agency [Funds 144 – 150] Gifts and Grants – includes revenues from the Foundation, non federal grants [Funds 133, 134, 184, 233] 3

4. UW-Platteville Financial Update 4

5. FY2012-13 Closing Balances All Funds Summary (Cash Basis) Beginning Cash$ 24,495,297 (July 1, 2012) Total Revenue$149,680,085 Total Expenses$145,363,000 Net Income$ 4,317,085 (Excluding direct student loan amounts) Closing Balance$ 28,812,382 (June 30, 2013) 5

6. Select Fund Balances Fund 102$ 5,796,557 – (General operations, tuition revenue, base of $50 million) Fund 123$ 4,030,686 ( Debt service, $6.5 M base) Fund 128$ 3,442,588 – (Dining, housing, parking, base of $31.6 million) Fund 131 $12,660,368 (DLC, School of Ed Cost Recovery, TSI, base of $18.7 million) Fund 136$ 2,110,868 – (Similar to 128, HTCP, camps & conferences, base of $4.3 million) 6

7. Carry Over Balances by College/Division * Includes budget lapse and university wide carryover items. **Academic Affairs & Student Affairs are now combined under Provost ***Excludes accounts that automatically carryover (i.e. Fund 128, 136, some 131) 7

8. 2001-02 Budget State funding of 40% Final 2001-2002 UW-Platteville Budget $73.6 Million 8 Federal $5,454,833 7%

9. 2013-14 Budget Final 2013-2014 UW-Platteville Budget $184.5 Million (all funds) Final 2013-2014 UW-Platteville Budget $135.9 Million (excluding federal aid) State Funding of 21% State Funding of 16% 9

10. Financial Forecast Assumptions 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 0.0% increases in tuition annually for 2013-15 and 2% thereafter Assumes flat enrollment at Fall 2013 levels except for TSI Assumes TSI growth to 1510 in FY2014-15 and fluctuating from 1490 – 1510 through 2018-19 Assumes TSI faculty & staff change maintaining the current faculty/staff to student ratio of TSI,13:1 & 25:1; Decrease of 14 positions and $1.1 million Assumes base budget reduction for GPR of $1.7M; current plan of $3,000,000 base on-going reduction; $290,000 staff reduction of 6 positions Assumes 1% pay plan for TSI expenditures for 14-15 forward; 2% thereafter. Assumes GPR pay plan funded by state so no cost factors included Assumes TSI incentive grant will be for new students only starting in Fall 2014. No continuing student grants. 10

11. Tuition Target for Pooled Revenue=$34,264,494Variance Original Estimate 5.2013$36,179,000$1,914,000 Fall 2013$35,470,000$1,200,000 Spring 2014 TSI Estimate 5.2013$15,320,000- Fall 2013$14,310,000-$1,010,000 Spring 2014 Tuition Revenue Note – these figures exclude distance learning, study abroad, and school of education cost recovery students 11

12. Enrollment Original Fall Billing FTE Fall 2013 Billing FTE Original Spring Billing FTE [90%] Revised Spring 2013 Billing FTE Undergrad Resident5,5105,5154,9604,965 Undergrad NonRes180155160140 Graduate Resident95748565 Graduate NonRes25182515 Subtotal Pooled Enrollment5,8105,7625,2305,185 TSI Enrollment1,5801,4821,4201,335 Total Pooled & TSI Enrollment7,3907,2446,6506,520 12

13. Enrollment Projections FY2013- 14 FY2014- 15 FY2015- 16 FY2016- 17 FY2017- 18 Undergraduate5,6705,665 Graduate9290 Subtotal Pooled Enrollment5,7625,755 TSI Enrollment1,4821,5101,4901,5001,510 Total Pooled & TSI Enrollment7,2447,2657,2457,2557,265 Previous Projection7,3907,4807,5057,515 Reduction-146-215-260 -250 13

14. Budget Forecast Model Projected Closing Balances FY2014FY2015FY2016FY2017FY2018FY2019 As of 10/30/13 7,226,539 5,103,282 2,904,645 163,724 (2,969,162) (6,468,742) 14 Current Scenario Board of Regent Thresholds – 10% and 15% Amount 10% $6,100,000 15% $9,100,000 Above scenario assumes: $3M base on-going reduction; Additional $1.4M and approx. 20 positions are reduced due to lower enrollment projections in 14-15; Another $364,000 & 4 positions in 15-16

15. Budget Reduction Plans 15

16. Budget Reduction Plans Continued 16

17. TSI Budget Detail 17

18. 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 18

19. Debt Service Detail DescriptionFund FY2012 Budgeted FY2013 Budgeted FY2014 Budgeted Bond End Date General Fund110 3,590,3337,463,7889,276,494 Parking123 204,400265.200288,500FY2032 PAC123 12,716--FY2012 Fieldhouse Addition123 430,704380,807382,500FY2033 Children's Center123 36,09235,85436,500FY2020 Markee Pioneer Stdnt Ctr123 926,966934,511946,800FY2021 Residence Halls123 1,919,4392,160,3743,760,100FY2033 Stadium123 155,808156,287157,400FY2030 Food Service/Union123 441,453439,809441,100FY2031 Chancellor's Residence123 15,36015,28915,600FY2019 Subtotal123 4,142,9384,388,1316,028,500 TSI 194/123 2,070,000 FY2031 Grand Total Debt Service 11,675,826 13,921,91917,374,994 19

20. Budget Reduction Plans – Implementation: $3 million – Start 2014-15 planning now with emphasis on base reductions Revision of Budget Management Principles Targeted 10% balance and timing Next Steps 20