1. UW-Platteville Financial Overview November 2016
Robert Cramer - Vice Chancellor

2. Summary of Funding Sources UW-Platteville Financial Update
Closing Balances (June 30, 2016)
HLC CFI Trend with Benchmark (including Foundation)
All Funds Budget
Tuition and enrollment
Budget Forecast model
Residence Life & Dining
Debt Service

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]

4. Program Revenue Reporting
Tuition (Funds 131 and 189)
Auxiliary Operations (Fund 128 & 228)
General Operations (Fund 136)
Federal Indirect Cost Reimbursement (Fund 150)
Other Unrestricted Program Revenue (Fund 123, 132, 184)
123-Debt Service on Auxiliaries, 132 – Noncredit Extension and 184-License plate scholarships

5. UW-Platteville Financial Update – Current Status

6. FY Closing Balances
Tuition balance dropped $1.1 m or 8.7%; Large jump in Auxiliaries due to funds held in Res Life & Dining to fund campus budget cuts and delayed projects (i.e. parking). Other Unrestricted-1 year worth of debt service

7. HLC – CFI Ratio
Prior to 2013, we did not include the Foundation in our CFI ratio, which is why the years prior to that are showing 0

8. Budget
GPR – This is the “unrestricted” state funds we receive, often referred to as GPR or 102 Funds
Specific Purpose – These are the funds we receive from the state that are earmarked for things like utilities and debt service on state owned buildings, so these funds cannot be used for other purposes.

9. Budget Comparison: FY2002 vs. FY2017 (excluding federal aid)
Since FY02, the state support has been cut by more than 50%, while the dependence upon tuition dollars has doubled
2002: 80% of Total Tax dollars were under General Purpose & 20% designated as special purpose
2017: 53% of Total Tax dollars are under General Purpose & 47% designated as special purpose

10. FY2016-17 Budget, excluding Federal Aid

11. Core Model (Fund 102) includes TSI

12. Initiatives
5 year modeling across all funding sources given heightened scrutiny of balances
Budget model implementation

13. Financial Forecast Assumptions
Core Model (Fund TSI) projects 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 and 2% thereafter
Enrollment projections developed by Institutional Research & Enrollment Management. Projected billing FTE = 7,058
Base compensation increases of $748,800
Assumes no change in state support

14. Fall 2016 Enrollment (ADS/Study Abroad excluded)
Verbally explain Spring is 90% of Fall;

15. Incoming New Freshmen Historical View

16. Incoming Students Historical View

17. Historical overall undergraduate enrollment

18. Budget Forecast Model (Fund 102 + TSI)_
Net operating (amount of expenditures that exceed available revenue)
-Assumes 100% expenditure of budgets.
-Excludes a $3.0 million reserve.

19. Budget Forecast Model (Fund 102 + TSI)_
Net operating (amount of expenditures that exceed available revenue)
-Assumes 100% expenditure of budgets.
-Excludes a $3.0 million reserve.

20. Residence Life 5-Year Budget Projection
Spending down balances, next rate increase planned for FY19 for 2%
Next renovation planned is for Morrow Hall, hopefully in Summer 2020 (est. debt service $863,200/year)

21. Dining Services 5-Year Budget
Projection
Dining assumes no rate increases until 2% in FY % pay plan in FY17&18 & 2% thereafter; 1.5% inflation for other expenditures

22. 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

23. Debt Service Budget Detail
UWPLT’s debt load is decreasing on general fund, fluctuating on Auxiliaries based on projects that moved forward or not and steady on TSI (change in methodology in TSI to budget for actual debt service rather than flat $2,070,000). FY2012=$9.8m; FY2013=$13.9m; FY2014=$17.4m (assumed bonding Bridgeway); FY2015=$15.5m; FY2016=$15.1 million

24. Next Steps Pioneer Budget Model Implementation Targeted balances
Tuition (4-5%)
Auxiliary Operations & General Operations (10%)
Other Unrestricted (99%)
Monitor General Purpose Tax Dollars in the Budget