Campus Financial Status Update October 3, 2012

2011-2012 Financial Results Revenues: State Appropriations $( 10,894) Tuition & Fees ( 542,665) F&A Recovery 249,671 Interest Income ( 161,828) Academic Outreach 356,805 Financial Aid Overhead 50,790 Application and Other Fees 43,194 Bookstore Commission ( 96,584) Total $( 111,511)

2011-2012 Financial Results Expenditures Enrollment Reserve $ 637,578 Other ( 251,725) Employee Benefits 400,000 Utilities 862,949 Debt Service (State) 10,894 Bank Service Fees 95,376 Fee Remissions 130,878 Total $1,885,950 Net $1,774,439

2012-2013 Financial Status Carry Forward Reserves Contingency Fund $ 3,300,000 Cash Carry Forward 2,500,000 Budget Reserve Enrollment Reserve $ 637,538

2012-2013 Financial Status Tuition Revenue Summer -6.28% ($ 254,371) Fall -5.62% ($1,419,719) Total To Date: ($1,674,090) Spring (Estimate) ($1,300,000) Estimated Annual Total ($2,974,090)

Nothing noted but too early to tell 2012-2013 Financial Status Other Revenue Sources ? Other Expenditure Budgets ? Nothing noted but too early to tell

2013-2014 Potential Budget Unknowns Going Forward Revenues Tuition Revenue Summer/Fall 2012 Actual/ Spring Estimated ($ 2,910,000) Rate Increase ?

2013-2014 Potential Budget Unknowns Going Forward Revenues State Appropriations Incentive Formulas ($ 21,000) Increased State Revenues ?? Other Interest Income ($ 300,000)

2013-2014 Potential Budget Unknowns Going Forward Expenditures “Unavoidables” $ 1,100,000 Health Insurance Other Employee Benefits PERF Retirement Utilities Salary Adjustments ?

2013-2014 Potential Budget Unknowns Going Forward Expenditures Strategic Initiatives

Questions?