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Published byAlyson Eccles Modified over 10 years ago
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FINANCIAL UPDATE 2012 AND 2013 BUDGET
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Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. Affordable Tuition 3X Funded Research Challenges State Support Expense Increases Tuition Ceiling Competitive Comp. NIH, NSF Funding Facilities – Labs Philanthropy - Alumni Approach UG Enrollment Reputation - Mktg Facilities/Progs. Selective Hiring Capital Campaign Expense Management Budget Discussion Background
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Net Revenues and Expenses All Funds (in millions) *Net Revenues = Gross revenues less scholarships ** Expenses = Total expenditures including transfers 1
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Revenues All Funds (in millions) 2
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State Appropriation, Total Expenses and Compensation All Funds (in millions) *Compensation = Salaries, Wages and Benefits **Expenses = Total expenditures including transfers 3
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Net Revenues and Expenses Operating Fund (in millions) *Net Revenues = Gross revenues less scholarships **Expenses = Total expenditures including transfers 4
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FY12 BudgetFY12Variances Net Revenues$231.8$236.0 $4.2 Tuition ($0.6) Scholarships $3.6 Miscellaneous & sales $1.2 Expenditures & Transfers 242.0 235.6 $6.4 Salaries ($0.7) Benefits $0.4 Operating expenses ($4.4) Capital $9.4 Internal transfers $1.7 Operating income (loss) ($10.2) $0.4$10.6 FY12 Budget vs. FY12 Actual Operating Fund (in millions) 5
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FY12 ProformaFY12Variances Net Revenues$229.2$236.0 $6.8 Tuition $0.3 Scholarships $2.0 State funding $3.8 Sales & Service ($.5) Miscellaneous $1.2 Expenditures & Transfers 239.6 235.6 4.0 Salaries ($7.1) Benefits $2.4 Other operating $1.9 Capital $5.1 Transfers $.8 Internal Sales $.9 Operating income (loss) ($10.4) $0.4$10.8 FY12 Proforma vs. FY12 Actual Operating Fund Only (in millions) 6
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FY13 Budget vs. FY12 Actual Operating Fund Only (in millions) FY13 BudgetFY12Variances Revenues$242.3$236.0$6.3 Tuition $8.7 Scholarships ($3.6) State funding $.4 Sales & Service $.3 Miscellaneous & other $.5 Expenditures & Transfers 256.1235.6(20.5) Salaries ($1.5) Benefits ($3.5) Operating cost ($.9) Capital ($11.9) Transfers ($2.7) Operating income (loss) ($13.8) $0.4($14.2) 7
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FY13 Budget vs. FY13 Proforma Operating Fund Only (in millions) FY13 Budget FY 13 Proforma Variances Revenues$240.9$235.0 $5.9 Tuition $.8 Scholarships ($.5) State funding $4.2 Sales & Services ($.6) Miscellaneous $2.0 Expenditures & Transfers 254.7 235.8 (18.9) Salaries ($5.9) Benefits $1.6 Operating expenses ($6.8) Capital ($6.6) Internal Sales $.6 Transfers ($2.0) Operating income (loss) ($13.8) ($.8)($13.0) 8
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Student Credit Hours (Total 311,109 hours) (Total 7,069 hours) 9
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Mix of Student Credit Hours Percentage by unit Includes credit hours from calendar year 2008Includes credit hours from calendar year 2011 10
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Expenses (Operating Fund) 11
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UMKC Expense Trends Compensation (Operating Fund) 12
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Average Full Time Equivalent Employees FY10 vs. FY12 15
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Change in Average Full Time Equivalent Employees FY10 vs. FY12 16
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Salaries and Wages FY10 vs. FY12 (in millions) 13
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Change in Salaries and Wages FY10 vs. FY12 (in millions) 14
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