OPTN / UNOS Finance Committee Spring 2012 Update Next conference call is April 12, 2012 Next in-person meeting is May 17, 2012 Peter Farstad, Chair

2011 OPTN Results OPTN expenditures were $33,039,000 compared to a budget of $35,296,000. OPTN expenditures were $2,257,000 or 6.4% below budget.

2011 OPTN Results OPTN registration funding was $30,457,000. It was based on 52,063 registrations and a fee of $585. OPTN registration funding was $1,571,000 or 4.9% below budget due to lower than expected registrations.

2011 OPTN Results The OPTN is a cost sharing contract, funded by federal appropriations and OPTN registrations. Funding that covered the $33,039,000 in OPTN expenditures: $4,154,000 in federal appropriations $28,885,000 in OPTN registrations

2011 OPTN Results Excess (revenues – expenses) for the OPTN was $1,572,000. $885,000 was due to timing of HRSA funding for the Deceased Donor Potential Study. All funding was received in the first year of the two year study. $687,000 was due to registration revenue being greater than expenditures.

2011 OPTN Results Once registration fees are collected, excess OPTN funding remains in the OPTN bank account to provide financial stability and mitigate shortfalls when registrations do not meet expectations. UNOS holds OPTN funds ‘in trust’ and can only use OPTN funds for OPTN expenditures.

2011 OPTN Results OPTN financial operations are evaluated as a component of UNOS’ annual audit. The evaluation was done in accordance with Governmental Auditing Standards and OMB Circular A-133. OPTN financial operations complied with the above standards. An unqualified or ‘clean’ audit opinion was issued.

2011 UNOS Results UNOS revenues and expenses (including the OPTN) were $42,422,000 and $42,779,000. Change in net assets was ($357,000). The primary reason for ($357,000) is due to the timing of Chrysalis revenues and expenses. $617,000 of revenue was recorded in FY These funds were used to pay expenses in FY 2011.

2011 UNOS Results UNOS financial statements were audited in accordance with Generally Accepted Auditing Standards and Government Auditing Standards. UNOS received an unqualified or ‘clean’ audit opinion on financial statements and is considered a ‘low-risk auditee’. UNOS is in compliance with financial covenants required by the bank.