1. September 30, 2011 Financial Status Updates Arizona Board of Regents Enterprise Initiatives, Finance and Strategic Planning Committee December 1, 2011 Finance Committee Item #2 December 1, 2011

2. Quarterly Financial Status Update Report New report for FY 2011 – Universities will be measured against the Board approved FY 2012 Operating Budget – Includes Quarterly Financial Snapshot Provides key financial metrics and peer data CFI ratio with history Moody’s benchmarking data

3. Quarterly Financial Status Update Report Key Data Items – ASU & NAU are projecting increases in net assets of $53.2M and $1.6M, respectively, while UA is projecting a decrease in net assets of $(15.3)M – Marginal variances in Fall 2011 FTE projections with no change in projected tuition & fee revenue FALL 2011 - STUDENT FTE Original Budget Current ProjectionsVariance ASU73,45372,558(895) NAU23,14622,964(182) UA38,30039,000700 TOTAL SYSTEM134,899 134,522 (377)

4. Quarterly Financial Snapshot The first section of the report is updated quarterly

5. The bottom section provides key metrics and ratios related to the balance sheet and is therefore updated annually The bottom section relates to balance sheet items and therefore is updated annually