2012-2013 Budget Presentation (Chancellor Morton)

Report
FINANCIAL UPDATE
2012 AND 2013 BUDGET
Budget Discussion Background
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
Net Revenues and Expenses
All Funds
(in millions)
$340
$330
319.2
$320
$310
309.6
318.6
314.1
Net Revenues*
306.1
$300
$290
309.4
328.3
Expenses**
292.1
$280
$270
FY10
FY11
FY12
FY 13B
*Net Revenues = Gross revenues less scholarships
** Expenses = Total expenditures including transfers
1
Revenues
All Funds
(in millions)
$200
$180
$160
$140
$120
$100
$80
$60
$40
$20
$0
153.3
163.2
129.8
171.5
137.3
178.6
141.5
117.5
96.7
100
106.4
101.2
95.4
FY10
Gross tuition
Net tuition
State Appropriations
79.5
75.4
75.8
FY11
FY12
FY13B
Other revenues
2
State Appropriation, Total Expenses and Compensation
All Funds
(in millions)
$350
$300
292.1
$250
202.9
306.1
314.1
210
218.9
328.3
224.3
$200
State Allocation
$150
Compensation*
$100
95.4
79.5
75.4
75.8
FY11
FY12
FY13B
Total Expenses**
$50
$0
FY10
*Compensation = Salaries, Wages and Benefits
**Expenses = Total expenditures including transfers
3
Net Revenues and Expenses
Operating Fund
(in millions)
$260
256.1
$250
$240
238.1
233.1
$230
$220
242.3
231.8
236
235.4
Net Revenues
Expenses
220
$210
$200
FY10
FY11
FY12
FY13B
*Net Revenues = Gross revenues less scholarships
**Expenses = Total expenditures including transfers
4
FY12 Budget vs. FY12 Actual
Operating Fund
(in millions)
FY12 Budget
Net Revenues
Expenditures &
Transfers
Operating
income
(loss)
$231.8
FY12
$236.0
Variances
$4.2
242.0
235.6
$6.4
($10.2)
$0.4
$10.6
Tuition ($0.6)
Scholarships $3.6
Miscellaneous & sales $1.2
Salaries ($0.7)
Benefits $0.4
Operating expenses ($4.4)
Capital $9.4
Internal transfers $1.7
5
FY12 Proforma vs. FY12 Actual
Operating Fund Only
(in millions)
FY12 Proforma
Net Revenues
Expenditures &
Transfers
Operating
income
(loss)
$229.2
FY12
$236.0
Variances
$6.8
239.6
235.6
4.0
($10.4)
$0.4
$10.8
Tuition $0.3
Scholarships $2.0
State funding $3.8
Sales & Service ($.5)
Miscellaneous $1.2
Salaries ($7.1)
Benefits $2.4
Other operating $1.9
Capital $5.1
Transfers $.8
Internal Sales $.9
6
FY13 Budget vs. FY12 Actual
Operating Fund Only
(in millions)
FY13 Budget
Revenues
Expenditures
& Transfers
Operating
income
(loss)
$242.3
256.1
($13.8)
FY12
$236.0
235.6
$0.4
Variances
$6.3
(20.5)
Tuition $8.7
Scholarships ($3.6)
State funding $.4
Sales & Service $.3
Miscellaneous & other $.5
Salaries ($1.5)
Benefits ($3.5)
Operating cost ($.9)
Capital ($11.9)
Transfers ($2.7)
($14.2)
7
FY13 Budget vs. FY13 Proforma
Operating Fund Only
(in millions)
FY13
Budget
Revenues
$240.9
Expenditures &
Transfers
254.7
Operating
income
(loss)
($13.8)
FY 13
Proforma
$235.0
235.8
($.8)
Variances
$5.9
(18.9)
Tuition $.8
Scholarships ($.5)
State funding $4.2
Sales & Services ($.6)
Miscellaneous $2.0
Salaries ($5.9)
Benefits $1.6
Operating expenses ($6.8)
Capital ($6.6)
Internal Sales $.6
Transfers ($2.0)
($13.0)
8
Student Credit Hours
Student Credit Hours FY13B
(Total 311,109 hours)
160,000
134,460
140,000
120,000
100,000
80,000
60,000
38,343
40,000
28,025
21,720
25,929
23,795
20,000
14,763
15,275
8,799
A&S
Education
Bloch
SCE
SBS
Nursing
Conservatory
Law
Other Professional Schools
Average Annual Growth in SCH
(Total 7,069 hours)
(FY10 vs. FY13B)
2,500
2,178
1,835
2,000
1,477
1,500
1,077
1,060
1,000
500
133
33
(59)
(500)
(641)
(1,000)
A&S
Education
Bloch
SCE
SBS
Nursing
Conservatory
Law
Other Professional Schools
9
Mix of Student Credit Hours
Percentage by unit
FY10
FY13B
3.2%
2.9%
5.1%
4.9%
4.7%
5.8%
7.6%
6.0%
43.2%
46.4%
7.4%
8.3%
6.4%
7.0%
11.3%
12.3%
8.6%
9.0%
A&S
Education
A&S
Education
Bloch
SCE
Bloch
SCE
SBS
Nursing
SBS
Nursing
Conservatory
Law
Conservatory
Law
Other Professional Schools
Includes credit hours from calendar year 2008
Other Professional Schools
Includes credit hours from calendar year 2011
10
Expenses
(Operating Fund)
Utilities
Operating 3%
Expense
13%
Capital
5%
Library
Debt Service
Acquisitions
2%
1%
Compensation
76%
11
Millions
UMKC Expense Trends
Compensation (Operating Fund)
200
150
100
50
0
Benefits
Salaries
12
Average Full Time Equivalent Employees
FY10 vs. FY12
3500
3,038
2,976
3000
2500
Academic
2000
Academic Administrative
1,629
1,548
1500
Administrative
(non academic)
Total
1000
794
634
793
616
500
0
FY10
FY12
15
Change in Average Full Time Equivalent Employees
FY10 vs. FY12
Academic – Administrative
Academic
Administrative
(-1)
(+81)
(-18)
80
80
80
70
70
70
60
60
60
50
50
50
40
30
20
SCE
Pharmacy
Research
Nursing
Bloch
Med
A&S
Law
40
Med
40
Education
30
Research
30
All other
Finance and
Administration
All Other
Library
20
Advancement
20
10
10
10
0
0
0
-10
-10
-10
-20
-20
-20
16
Salaries and Wages
FY10 vs. FY12
(in millions)
$200
$180
$172.8
$163.7
$160
$140
Academic
$120
$100
$105.6
$98.3
AcademicAdministrative
Administrative
$80
Total
$60
$40
$37.0
$28.4
$38.1
$29.1
$20
$-
FY 10
FY12
13
Change in Salaries and Wages
FY10 vs. FY12
(in millions)
Academic
Academic-Administration
Administrative
(+$7.3 million)
(+$1.1 million)
(+$700,000)
$10.0
$10.0
$10.0
$8.0
$8.0
$8.0
$6.0
$6.0
$6.0
Education
Med
Bloch
$4.0
A&S
Pharmacy
Bloch
$4.0
Med
$4.0
All other
Law
Athletics
Student Affairs
nursing
$2.0
$2.0
$2.0
$-
$-
$-
$(2.0)
$(2.0)
$(2.0)
All other
14

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