Presentation is loading. Please wait.

Presentation is loading. Please wait.

University of Oregon Financial Briefing

Published byMolly Lewis Modified over 5 years ago

Similar presentations

Presentation on theme: "University of Oregon Financial Briefing"— Presentation transcript:

1 University of Oregon Financial Briefing
Student Tuition Forum University of Oregon Financial Briefing January 16th, 2018

2 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

3 UO Budget Structure E&G Funds Other Funds Tuition revenue
State Appropriation F&A Return Overhead revenue Fee revenue, interest earnings Grants and Contracts revenue Auxiliary Revenue Service Center Revenue Designated Operations Revenue Restricted gifts School & College Budgets Grants & Contracts Central Admin Budgets Plant Funds Institutional Expenses (Debt, assessments, utilities, leases) Auxiliary, Service Centers, and Designated Ops Funds Restricted Gifts

4 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

5 Decreased levels of State Appropriation

6 State Appropriation and Tuition

7 University Resources FY2017 Major Revenue Streams (E&G Fund)
State Appropriation $66.8 million Resident Tuition $114.5 mill Resident Tuition $103.7 million Non-resident Tuition $308.8 million UO Professional Development

8 Increasing Dependence Upon Nonresident Tuition
FY2002 – Revenue Breakdown FY2017 – Revenue Breakdown

9 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

10 UO Budget Structure E&G Funds Other Funds Tuition revenue
State Appropriation F&A Return Overhead revenue Fee revenue, interest earnings Grants and Contracts revenue Auxiliary Revenue Service Center Revenue Designated Operations Revenue Restricted gifts School & College Budgets Grants & Contracts Central Admin Budgets Plant Funds Institutional Expenses (Debt, assessments, utilities, leases) Auxiliary, Service Centers, and Designated Ops Funds Restricted Gifts

11 Context – E&G Fund E&G Fund - Characteristics
80% funded with tuition revenue Funds majority of activity in schools and colleges and administrative units Over 80% invested in people E&G Fund – Recent History FY15: $10 million deficit ($6.5 million related to recurring issues) FY16: Balanced due to state investment and tuition increase FY17: Balanced due to tuition increase and cost containment efforts FY18: Projected to be balanced based on state investment, tuition increase, and cost cutting

12 Recent Cost Cutting and Savings Initiatives
FY17 Administrative Cuts - $3.0M FY17 CAS Cost Cut - $3.3M FY18 Presidential Directed Cuts- $4.5M FY15 - FY18 Efficiencies Savings - $8.8M one time; $4.6 M - $5.6M recurring

13 Faculty Staffing Levels – 75.1% of AAU Average

14 Non – Instructional Staffing Levels – 65.4% of AAU Average

15

16 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

17 Summary – Major FY2019 E&G Fund Cost Drivers
FY18 Cost Increases FY19 Cost Increase Faculty and Staff Salary and Wages $11.0 million $9.8 million GE Salary and Benefits $800K $1.0 million Medical Costs $1.6 million $1.8 million Retirement Costs $7.1 million n/a Institutional Expenses $600K Strategic Investments (includes $1 million for new faculty) $2.0 million Investments in Tenure Track Faculty $1.5 million Total Projected Cost Increases* $25.0 million* $16.7 million Defining how Sightlines breaks up the areas of project funding necessary to maintain a campus. DM and CR are what this presentation concentrates on. Definitions taken from APPA (Association of Physical Plant Administrators) *Does not include, increases to minimum wage, costs related to federal FLSA regulations changes regarding eligibility for overtime pay; further investments in diversity initiatives, or individual school/college/department investments.

18 Cost Driver FY19 Cost Increases Notes Faculty and Staff Salary and Wages $9.8 million Increases per collective bargaining agreements for approximately 1700 faculty and 900 classified staff. Also includes increases for approximately 1200 unrepresented staff. GE Salary and Benefits $1.0 million Estimate based on collective bargaining agreement for GEs; includes estimate of health insurance cost increases Medical Costs $1.8 million Assumed annual increase of 3.7% Retirement Costs n/a PERS rates only increase every two years Institutional Expenses $600K Increases related to utilities, insurance, debt for academic buildings, assessments, and leases. Lower than normal annual increase due to Power Station savings. Strategic Investments (includes $1 million for new faculty) $2.0 million Allocated via strategic investment process. $1 million pre-committed for tenure track faculty hiring related to Cluster Hires. Investments in Tenure Track Faculty $1.5 million Supporting long term strategic plan to increase number of tenure track faculty Total Projected Cost Increases* $16.7 million* Defining how Sightlines breaks up the areas of project funding necessary to maintain a campus. DM and CR are what this presentation concentrates on. Definitions taken from APPA (Association of Physical Plant Administrators) *Does not include, increases to minimum wage, costs related to federal FLSA regulations changes regarding eligibility for overtime pay; further investments in diversity initiatives, or individual school/college/department investments.

19 Summary – Major FY2019 E&G Fund Cost Drivers
FY18 Base FY19 Cost Increase FY19 % increase Faculty and Staff Salary and Wages $361.1 million $9.8 million 2.7% GE Salary and Benefits $26.2 million $1.0 million 3.8% Medical Costs $48.7 million $1.8 million 3.7% Retirement Costs $52.5 million n/a Institutional Expenses $34.9 million $600K 1.7% Strategic Investments (includes $1 million for new faculty) $524.9 million $2.0 million 0.4% Investments in Tenure Track Faculty (includes salary and OPE) $156.6 million $1.5 million 1.0% Totals $16.7 million 3.18% Defining how Sightlines breaks up the areas of project funding necessary to maintain a campus. DM and CR are what this presentation concentrates on. Definitions taken from APPA (Association of Physical Plant Administrators)

20 Cost Drivers – PERS Costs
Projected Increases FY18 FY19 FY20 FY21 FY22 E & G Fund $7.1M $0 Other $3.4M Total $10.5M If PERS unfunded liabilities continue to grow, charges to the University of Oregon could grow significantly in future years.

21 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

22 Resident Tuition – AAU Publics

23 Non Resident Tuition – AAU Publics

24 Tuition Revenue For each 1% increase in undergraduate tuition, overall revenue increases*: *Totals account for fee remissions and summer revenue Resident $800k Non-resident $2.5M

25 Non-resident Tuition Rate Increase Resident Tuition Rate Increase
Tuition Revenue Non-resident Tuition Rate Increase Percent Increase (Per Student Annually) 2.0% ($650) 2.5% ($813) 3.0% ($976) 4.0% ($1,301) 5.0% ($1,627) ($190) $6.6M $7.8M $9.1M $11.6M $14.1M ($285) $7.4M $8.6M $9.9M $12.4M $14.9M ($380) $8.1M $9.4M $10.6M $13.2M $15.7M ($475) $8.9M $10.1M $11.4M $13.9M $16.5M Resident Tuition Rate Increase

26 Agenda UO Budget Structure Key Sources of E&G Funding
Historical & Comparative Data Projected FY19 Cost Drivers Tuition Revenue Campus Growth

27 Campus Growth

28 Campus Growth Assumed Growth – adding 3,000 students over a period of eight years Necessary investments Recruiting Classroom/Faculty Office Building Additional new residence hall Variable Costs

29 Financial Projections
Campus Growth Financial Projections FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Entering Freshmen 4,150 4,450 4,500 4,675 4,775 4,850 4,900 Total Undergrads (Admitted) 19,892 20,370 20,782 21,174 21,619 22,001 22,348 22,658 Incremental Revenue from Enrollment Growth $7.9M $14.2M $12.2M $12.1M $13.6M $13.4M $12.7M Incremental Investment Recruiting $1.3M $245k - Incremental Investment New Classroom Building $3.1M Incremental Investment Variable Costs $224k $5.4M $5.5M $6.5M $6.0M $5.9M $5.6M Net Revenue $6.6M $10.6M $6.8M $7.7M $7.6M $7.5M $7.1M

Download ppt "University of Oregon Financial Briefing"

Similar presentations

Officers of Administration Annual Meeting October 10th, 2013.

Officers of Administration Annual Meeting October 10th, 2013.
M ARCH 2011. PASSHE Budget Status SRU Comparative Budgets 1 FY 2010-11Fund Sources Tuition$58,951 State Appropriation$35,946 ARRA$3,099 Other$2,279 Auxiliaries.

M ARCH PASSHE Budget Status SRU Comparative Budgets 1 FY Fund Sources Tuition$58,951 State Appropriation$35,946 ARRA$3,099 Other$2,279 Auxiliaries.
STATUS UPDATE 3/12/2010 Proposed Changes to RCM. Goals Align RCM incentives with institutional goals Identify source of central strategic funds Simplify.

STATUS UPDATE 3/12/2010 Proposed Changes to RCM. Goals Align RCM incentives with institutional goals Identify source of central strategic funds Simplify.
2010–2011 CAPITAL AND OPERATING BUDGET UNIVERSITY OF KENTUCKY.

2010–2011 CAPITAL AND OPERATING BUDGET UNIVERSITY OF KENTUCKY.
Overall the recurring budget increase is $9.8 million. In addition, the budget has $9.5 million of carry forward funds. This budget reflects no tuition.

Overall the recurring budget increase is $9.8 million. In addition, the budget has $9.5 million of carry forward funds. This budget reflects no tuition.
Overview of UTSA’s Discretionary Budget Presented by: Mary Simon Sr. Director Budget and Planning Development.

Overview of UTSA’s Discretionary Budget Presented by: Mary Simon Sr. Director Budget and Planning Development.
2012/13 Educational and General Budget Finance, Administration, and Facilities Committee Board of Governors October 5, 2011.

2012/13 Educational and General Budget Finance, Administration, and Facilities Committee Board of Governors October 5, 2011.
Office of the President FY 2010 Budget FY09 Original FY 09 Final FY10 Total State Budget $214,181.4 $192,893.1$207,711.7 General Fund161,560.9140,272.6134,642.8.

Office of the President FY 2010 Budget FY09 Original FY 09 Final FY10 Total State Budget $214,181.4 $192,893.1$207,711.7 General Fund161, , ,642.8.
Tuition & Aid Advisory Board A Discussion of UCB Priorities and Funding Strategies September 27, 2004.

Tuition & Aid Advisory Board A Discussion of UCB Priorities and Funding Strategies September 27, 2004.
1 The FY 2006 Budget Request and Future Impacts Strategic Planning Study Session January 20, 2005.

1 The FY 2006 Budget Request and Future Impacts Strategic Planning Study Session January 20, 2005.
Budget Forum Oxford Campus January 15, 2009. Oxford Campus Educational and General Budget Future Budget Commitments (Revenue Increase or Budget Reduction)

Budget Forum Oxford Campus January 15, Oxford Campus Educational and General Budget Future Budget Commitments (Revenue Increase or Budget Reduction)
OSU FACULTY SENATE Budget Update April 8, 2010. FY10 Budget Outlook – Recap of FS Presentation Nov, 2009 E&G Budget Budget balanced with $5.4 million.

OSU FACULTY SENATE Budget Update April 8, FY10 Budget Outlook – Recap of FS Presentation Nov, 2009 E&G Budget Budget balanced with $5.4 million.
David Proulx, Assistant Vice President for Financial Planning and Budgeting Budget Office Website:

David Proulx, Assistant Vice President for Financial Planning and Budgeting Budget Office Website:
Presentation at Academic Affairs Faculty Symposium March 27, 2009 Tim Burgess Senior Vice President for Finance and Administration University of Georgia.

Presentation at Academic Affairs Faculty Symposium March 27, 2009 Tim Burgess Senior Vice President for Finance and Administration University of Georgia.
FY2012-13 Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure.

FY Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure.
Campus Budget Update 2012-2013 October 12, 2012. Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ 220.75$

Campus Budget Update October 12, Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ $
Campus Budget Update 2011-2012 December 7, 2011. State Appropriations Operating Recommendations: 6.1% ($1,623,145) Performance Incentives.

Campus Budget Update December 7, State Appropriations Operating Recommendations: 6.1% ($1,623,145) Performance Incentives.
UNIVERSITY OF KENTUCKY 2010-11 Tuition and Mandatory Fees see blue.

UNIVERSITY OF KENTUCKY Tuition and Mandatory Fees see blue.
FY 2010 Interim Plan WVU Board of Governors June 5, 2009.

FY 2010 Interim Plan WVU Board of Governors June 5, 2009.
A Glance Back  We have made significant progress in spite of significant financial challenges created from:  Declining state appropriations  Pressure.

A Glance Back  We have made significant progress in spite of significant financial challenges created from:  Declining state appropriations  Pressure.

Similar presentations

Ads by Google