1. Finance Update
Faculty Meeting
January 2014
Robert Cramer

2. FY 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)

3. 2013-14 Budget Final 2013-2014 UW-Platteville Budget
$184.5 Million (all funds)
16% State Support
Final UW-Platteville Budget
$135.9 Million (excluding federal aid)
21% State Support
GPR Debt Service & fringe benefits are the increase to the preliminary budget figures

4. Enrollment ProjectionsFY FY FY FY FY
Undergraduate
5,670
5,665
Graduate 92 90
Subtotal Pooled Enrollment
5,762
5,755
TSI Enrollment
1,482
1,510
1,490
1,500
Total Pooled & TSI Enrollment
7,244
7,265
7,245
7,255
Previous Projection
7,390
7,480
7,505
7,515
Reduction
-146
-215
-260
-250
TSI new freshman & new transfers each year for & and then and after

5. Budget Forecast Model Projected Closing Balances
Current Scenario
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
As of 1/10/14
7,144,380
5,122,383
3,054,727
483,403
(2,499,776)
(5,869,645)
Above scenario assumes:
-Continued funding of UW-Platteville compensation programs
-$3M base on-going reduction due to UWS budget cuts, tuition freeze;
-Additional $1.1M reduction due to lower enrollment projections in ;
-Another $425,300 in
This is for our core financial model – TSI, tuition revenues (excluding alternative delivery cost recovery programs), and most state funding and does not include other funds such as residence life, dining services, or international programs
The previous model we showed back in July without any budget reductions taken into account showed we would be in the red by the beginning of FY2016, so we are making progress but we still have a ways to go.
Board of Regent Thresholds – 10% and 15%
Amount
10%
$6,100,000
15%
$9,100,000

6. Discussion