Transcript All Presentations October 30, 2014

Chandra Robinson
Program Coordinator, Institutional Finance
AGENDA ITEM NO. 10:
ECONOMIC FEASIBILITY OF LOAN ISSUE FOR
THE UNIVERSITY OF ARKANSAS-SYSTEM
Relevant Information
• College Savings Bond Revolving Loan Fund
• $500,000 for 10 years @ a rate not to exceed 0.22%
• Educational and general purposes
• Revenue Funding Source: Billing Revenue
• Proceeds from the loan, along with reserves set aside for these
projects, will be used for major repairs to the B. Alan Sugg
Administration Building, including repair of the roof and
replacement of weather damaged windows and doors
Chandra Robinson
Program Coordinator, Institutional Finance
AGENDA ITEM NO. 11:
ECONOMIC FEASIBILITY OF BOND ISSUE FOR
UNIVERSITY OF CENTRAL ARKANSAS
Relevant Information
• $17.5 million for 30 years @ a rate not to exceed 5.75%
• Auxiliary purposes
• Revenue Funding Source: Housing Revenue
• Proceeds will be used to fund the design and construction of
Donaghey Hall
Tara Smith
Senior Associate Director, Institutional Finance
AGENDA ITEM NO. 12:
BOND AND LOAN FEASIBILITY
UPDATES
Bond & Loan Feasibility Updates
This update consists of the actual terms for bond and loan issues
receiving AHECB approval that occurred from June 2013 through
October 2014.
• Report includes the actual date of bond/loan issue, amount of
bond/loan issue and actual bond/loan terms for bond and loans
approved during the reporting period.
Tara Smith
Senior Associate Director, Institutional Finance
AGENDA ITEM NO. 13:
MAINTENANCE REPORT
Maintenance of New Facilities Report
• The AHECB policy for maintenance of new facilities states that a
report on the amount transferred to plant funds will be presented
annually at the October AHECB meeting
• Ensures all newly constructed or purchased facilities will have a
source of funding for maintenance
• Institutions seeking approval of a loan or a bond issue for the
construction or purchase of a new facility must provide for the
maintenance of that facility by transferring annually to plant funds
Current rates:
$2.50 per gross square foot for an educational and general facility
$1.25 per gross square foot for an auxiliary facility
• Report includes the status of the maintenance transfer for each new
facility for which a loan or bond issue was approved for the
construction or purchase of that facility
Jake Eddington
Program Specialist, Institutional Finance
AGENDA ITEM NO. 14:
REPORT ON INTERCOLLEGIATE ATHLETIC
REVENUES & EXPENDITURES
Athletic Report
• A.C.A. §6-62-106 directs AHECB to develop and
establish uniform accounting standards and
procedures for reporting revenues and expenditures.
• Athletic revenues and expenditures for 2013-14 have
been collected and compiled in summary report
provided for you in the agenda book.
Athletic Report
• The 2013-14 Athletic actual expenditures for state-supported
universities was $140.8 million and $530,403 for two-year
colleges.
• This represents a decrease of 2.36 percent over 2012-13
– UAF (7.6%), UAM (6.7%) and NAC (7.2%) reported decreases in
athletic expenditures.
• Total Expenditures for Athletics should equal Total Revenues
for Athletics unless there is excess athletic revenue for that
year.
– UAF and ATU had revenues greater than expenditures for FY2014.
Summary of Intercollegiate Athletic Revenues and Expenditures, 2013-14
INSTITUTIONS
ASUJ
ATU
HSU
SAUM
UAF
UAFS
UALR
UAM
UAPB
UCA
4-yr TOTAL
CCCUA
MSCC
NAC
$1,455,567
$207,105
$78,963
$33,097
$34,284,320
$35,208
$377,280
$34,407
$583,277
$426,030
$37,515,254
$0
$0
$11,373
Media/Tournament/Bowl
$293,639
$0
$0
$0
$21,681,751
$0
$580,009
$0
$0
$38,076
$22,593,475
$0
$0
$0
Concessions/Program Sales
$120,346
$0
$2,692
$17,975
$996,231
$43,831
$421
$0
$13,683
$12,690
$1,207,869
$22,422
$0
$0
$1,921,000
$53,250
$17,000
$19,700
$364,725
$24,000
$263,315
$11,700
$613,189
$661,000
$3,948,879
$0
$0
$0
Ticket Sales
R
E
V
E
N
U
E
S
Game Guarantees
Foundations/Clubs & Other Private Gifts
$445,250
$31,037
$140,998
$0
$11,796,980
$16,965
$373,078
$0
$184
$251,219
$13,055,711
$0
$63,500
$0
Student Athletic Fees
$4,629,080
$3,072,675
$1,540,020
$1,127,098
$0
$2,865,142
$4,202,794
$700,902
$952,738
$4,838,092
$23,928,541
$0
$0
$0
Other Income
$0
$1,805,453
$170,101
$16,915
$28,063
$12,710,577
$52,764
$480,820
$23,222
$322,616
$1,118,749
$16,729,279
$0
$0
CWSP Federally Funded Portion
$0
$8,769
$0
$63,096
$11,710
$0
$0
$45,476
$0
$113,877
$242,928
$0
$0
$0
CWSP Fed. Portion as % Total CWSP
0%
75%
0%
40%
80%
0%
0%
100%
0%
100%
66%
0%
0%
0%
OTHER Other Auxiliary Profits
FINANCING
SOURCES Transfers from Unrestricted E&G
Prior Year Fund Balance
Transfers from Other Funds/Balance Forward
(Inclusive of Interfund Borrowing)
$3,642,392
$0
$766,523
$731,038
$0
$541,428
$0
$1,389,390
$2,281,989
$2,783,324
$12,136,084
$0
$0
$137,560
$1,214,927
$1,390,687
$1,214,927
$1,214,927
$0
$0
$1,171,233
$1,075,000
$1,138,234
$1,000,000
$9,419,935
$53,075
$130,774
$111,700
$0
$0
$0
$0
$0
$0
$0
$0
$949,182
$0
$949,182
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total Revenues for Athletics
$15,527,654
$4,933,624
$3,778,038
Salaries
$3,694,953
$1,086,790
$997,206
$668,228
$24,278,774
69.0
24.02
18.75
14.75
271.5
$1,088,060
$333,691
$332,629
$187,503
29.4%
30.7%
33.4%
28.1%
$331,943
$158,869
$12,445
$162,653
Budgeted FTE Positions
Fringe Benefits
Fringe Benefits as a % of Salaries
E
X
P
E
N
D
I
T
U
R
E
S
Extra Help
CWSP
Game Guarantees
Athletic Scholarships
Medical Insurance/Injury Claims
Travel
Equipment
Concessions/Programs
M&O
$0
$0
$7,448,950
$3,280,097
$958,989
$2,553,288
$823,544
$1,765,104
18.00
41.0
18.85
36
$5,658,315
$301,577
$617,649
$260,633
23.3%
31.4%
24.2%
31.6%
$2,008,986
$82,345
$337,672
$3,234,994 $81,846,294 $3,579,338
$0
$0
$0
$0
$141,727,137
$75,497
$194,274
$260,633
$2,523,177
$39,350,052
$19,805
$55,430
$46,330
42.30
554
0.50
1.3
1.1
$480,867
$783,576
$10,044,500
$6,665
$15,720
$8,596
27.2%
31.1%
25.5%
33.7%
28.4%
18.6%
$38,298
$70,420
$213,989
$3,417,620
$0
$6,202
$4,211
$0
$6,855,092 $11,243,057
$0
$11,692
$20,873
$159,214
$14,638
$0
$0
$45,476
$0
$113,877
$365,771
$0
$0
$635,969
$10,300
$0
$0
$3,319,072
$11,500
$0
$0
$0
$128,000
$4,104,841
$0
$0
$0
$4,159,503
$1,334,116
$1,506,319
$1,060,559
$6,932,224
$1,098,599
$1,969,282
$997,101
$1,739,422
$3,351,709
$24,148,834
$0
$38,500
$54,669
$19,679
$280,041
$106,410
$94,658
$1,150,297
$53,848
$0
$224,486
$0
$245,461
$2,174,880
$0
$7,989
$22,040
$2,702,121
$391,025
$332,432
$411,927
$9,039,928
$364,256
$891,820
$271,276
$643,320
$1,409,150
$16,457,255
$11,480
$23,727
$38,526
$24,456
$66,266
$21,724
$15,067
$762,832
$0
$47,697
$0
$11,470
$5,375
$954,887
$0
$7,114
$0
$0
$0
$0
$15,499
$0
$41,981
$0
$0
$0
$0
$57,480
$0
$0
$0
$2,487,509
$315,824
$289,637
$242,393
$11,854,283
$243,609
$722,188
$363,258
$868,115
$1,094,925
$18,481,740
$37,547
$38,771
$62,567
Facilities
$354,000
$274,280
$158,363
$130,225
$6,016,014
$298,810
$162,781
$89,977
$65,454
$544,740
$8,094,644
$0
$820
$23,694
Debt Service
$29,461
$254,748
$0
$87,068
$9,406,393
$0
$75,931
$120,129
$1,210,920
$628,604
$11,813,254
$0
$0
$0
$0
$134,072
$0
$0
$0
$123,824
$0
$45,919
$0
$57,065
$360,880
$0
$0
$0
$0
$774,902
$0
$70,642
$0
$0
$143,409
$988,953
$15,527,654
$4,651,714
$3,778,038
$7,448,950
$3,280,097
$140,815,591
$75,497
$194,273
$260,633
$0
$281,910
$0
$0
$0
$0
$1
$911,547
$0
$1
$0
$14,162,188
$4,691,257
$3,553,309
$7,291,609
$3,380,390
$6,403,987
$9,805,789
$136,102,145
$66,555
$153,000
$287,069
10%
-1%
6%
2%
-3%
7%
15%
3.0%
13%
27%
-9%
Other Expenses
OTHER
FINANCING Transfers to Other Funds/Accounts
USES
Total Expenditures for Athletics
Fund Balance
2013-14 Budgeted Revenue Certified July 2013
% Difference Between Expenditures & Budgeted Revenue
$3,234,994 $81,216,658 $3,579,338
$0
$629,636
$0
$2,601,800 $80,675,500 $3,536,316
24%
1%
1%
$6,855,092 $11,243,057
Revenues by Source
Revenues
All Institutions
Percentage of
Total
Revenues
Athletic Generated Income
78,418,483
55.1%
Student Athletic Fees
23,928,541
16.8%
Other Athletic Income
16,729,279
11.8%
242,928
0.2%
12,273,644
8.6%
9,715,484
6.8%
949,182
0.7%
$142,257,541
100%
CWSP Federally Funded Portion
Other Auxiliary Profits
Transfers from Unrestricted E&G
Prior Year Fund Balance
Total Revenues
% ofAthletic
AthleticRevenues
RevenuesbyBy
Source
Source
2009-10
2013-14 for Universities
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
ASUJ
ATU
HSU
SAUM
UAF
UAFS
UALR
UAM
UAPB
Athletic Generated Income
Student Athletic Fees
Other Income
CWSP Federally Funded Portion
Other Auxiliary Profits
Transfers from Unrestricted E&G
Prior Year Fund Balance
UCA
Expenditures by Source
Expenditures
Salaries, Fringe Benefits, Extra Help
Financial Aid
Travel
M&O
Facilities
Debt Service
Other
Total
All Institutions
52,812,172
24,514,605
16,457,255
21,611,507
8,094,644
11,813,254
5,512,154
$140,815,591
Percentage of
Total
Expenditures
37.5%
17.4%
11.7%
15.3%
5.7%
8.4%
3.9%
100%
% of Athletic
By Source
AthleticExpenditures
Revenues by Source
2009-10
2013-14 for Universities
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
ASUJ
ATU
HSU
SAUM
Salaries, Fringe Benefits, Extra Help
UAF
Financial Aid
UAFS
Travel
M&O
UALR
Facilities
UAM
Debt Service
UAPB
Other
UCA
Cynthia Moten
Associate Director, Academic Affairs
AGENDA ITEM NO. 15
UNIVERSITY OF ARKANSAS-FORT SMITH:
ROLE AND SCOPE CHANGE
MASTER OF SCIENCE IN HEALTHCARE ADMINISTRATION
UA-Fort Smith Role and Scope Change
Master of Science in Healthcare Administration
• UAFS authorized to offer master’s-level degrees upon
Coordinating Board approval of role and scope change.
• Initial master’s degree in healthcare administration.
Cynthia Moten
Associate Director, Academic Affairs
AGENDA ITEM NO. 16
UNIVERSITY OF ARKANSAS AT LITTLE ROCK:
TEXARKANA CENTER
ACADEMIC COMMITTEE
CONSENT AGENDA ITEMS
AGENDA ITEM NO. 17: INSTITUTIONAL CERTIFICATION ADVISORY
COMMITTEE (ICAC) – RESOLUTIONS
AGENDA ITEM NO. 18 : LETTERS OF NOTIFICATION
AGENDA ITEM NO 19: LETTERS OF INTENT
Agenda Item No. 17
Institutional Certification
New ICAC Institutions and Representatives
•
The Chicago School of Professional Psychology - Sheetal Kale
Los Angeles, California– 4 Degrees
•
Frontier Nursing University - Julie Marfell
Hyden, Kentucky – 2 Degrees, 1 Certificate
•
Independence University - Alan Hansen
Salt Lake City, Utah – 1 Degree
Initial Degree Certifications
21 Colleges and Universities; 66 Programs
-Baptist Health Schools Little Rock-Little Rock, Arkansas - 2 Degrees
-Jefferson Regional Medical Center School of Nursing-Pine Bluff, Arkansas - 1 Degree
Agenda Item No. 18 – Letters of Notification
Agenda Item No. 19 – Letters of Intent
Letters of Notification
• Programs approved by the ADHE Director with AHECB notification prior to
implementation
Letters of Intent
• Notification of institutional plans to offer new programs or organizational units that
require Coordinating Board approval
AHECB Meeting
October 31, 2014
Shane Broadway
Director
AGENCY OVERVIEW
Agency Updates
• New Employee
– Jonathan Coleman
• Financial Aid
SEARK – concurrent enrollment
Challenge Scholarship &
Lottery Updates
Year
Count
Amount
Status
2011
28,425
$122,726,998
Actual
2012
30,799
$129,056,378
Actual
2013
33,787
$133,152,378
Actual
2014
37,430
$112,879,301
Actual
2015
37,582
$103,000,000
Estimated
MOU with Taiwan
In an early morning transcontinental ceremony Oct. 7, the Arkansas
Department of Higher Education signed a letter of memorandum with the
Department of International and Cross-strait Education, Ministry of
Education, Republic of China (Taiwan).
Trustees Conference
Shane Broadway
Director
AGENDA ITEM NO. 5
UNIVERSITY OF ARKANSAS SYSTEM
ESTABLISHMENT OF NEW ONLINE CAMPUS: EVERSITY
eVersity
• The administration and Board of Trustees of the UA
System request official recognition of the eVersity which
will offer degree programs by distance technology, in
collaboration with existing UA institutions
• eVersity will be 100 percent online and all student services
will be available in completely online formats
• The first class of students would enroll in the eVersity Fall
2015
Agenda Item No. 6
Program Deletions
AHECB Meeting of October 31, 2014
Rick Jenkins
Associate Director, Planning and Accountability
Program Deletions
Academic Program Deletions
300
251
250
200
150
100
55
50
41
39
AY2013
AY2014
22
0
AY2010
AY2011
AY2012
Academic Year
Program Deletions by Institution Type
Academic Program Deletions by Institution Type
160
138
140
120
113
100
80
60
37
40
18
20
18
17
23
19
20
5
0
AY2010
AY2011
AY2012
AY2013
Academic Year
4-Year Universities
2-Year Colleges
AY2014
Program Deletions by Degree Level
AY2014 Program Deletions by Degree Level
07 Master`s Degree
6
06 Post-Baccalaureate Certificate
1
05 Baccalaureate Degree
6
04 Advanced Certificate
0
03 Associate Degree
14
02 Technical Certificate
3
01 Certificate of Proficiency
9
0
2
4
6
8
10
12
14
16
4-Year Universities
AY2014 Program Deletions: 4-Year Universities
6
5
5
4
4
3
2
2
1
1
2
2
1
0
ASUJ
ATU
HSU
2
SAUM
UAF
UAFS
UALR
0
0
0
UAM
UAMS
UAPB
UCA
0
0
ASUMH
0
0
0
NAC
NPCC
0
0
0
UACCH
UACCM
1
UACCB
1
SEAC
2
SAUT
0
SACC
0
RMCC
1
PTC
7
PCCUA
OZC
1
NWACC
0
MSCC
0
EACC
1
CotO
5
CCCUA
BRTC
1
ASUN
0
ASUB
0
ANC
2-Year Colleges
AY2014 Program Deletions: 2-Year Colleges
8
7
6
5
4
3
2
1
Alana Boles
Program Specialist, Academic Affairs
AGENDA ITEM NO. 7
ICAC ANNUAL REPORT
ICAC Oversight
•
Out-of State Postsecondary Institutions and For-Profit Institutions
•
Institutions on Military Installations
•
Establishment of New Institutions in Arkansas
Institutions Certified under ICAC Rules
2012: 87 institutions
14 Arkansas campuses
2011: 48 Institutions
11 Arkansas campuses
Institutions Certified under ICAC Rules
2013: 98 institutions
13 Arkansas campuses
90 institutions with programs delivered only
through distance technology
6 institutions offering programs both on Arkansas
campuses and delivered through distance technology
2 institutions offering programs only on Arkansas
campuses
Degrees Offered
July 1, 2011 – June 30, 2012
Type of Degree
Number of degrees offered
Associate of Applied Science
89
Associate of General Studies
2
Associate of Arts
24
Associate of Science
20
Bachelor of Arts
27
Bachelor of Science
231
Master’s
179
Doctoral
24
Total
596
43
Degrees Offered
July 1, 2012 – June 30, 2013
Type of Degree
Number of degrees offered
Associate of Applied Science
123
Associate of General Studies
2
Associate of Arts
27
Associate of Science
26
Bachelor of Arts
54
Bachelor of Science
347
Master’s
309
Doctoral
38
Total
926
44
Degrees Offered
July 1, 2013 – June 30, 2014
Type of Degree
Number of degrees offered
Associate of Applied Science
132
Associate of General Studies
2
Associate of Arts
36
Associate of Science
37
Bachelor of Arts
75
Bachelor of Science
445
Master’s
464
Doctoral
57
Total
1,248
45
Common Degrees offered
July 1, 2013 – June 30, 2014
Business
Criminal Justice
Health Administration/Services
Information Technology
Nursing
Organizational Leadership
Psychology
Student Enrollment and Graduates
July 1, 2011 – June 30, 2012
• Total Enrollment – 13,758
Online enrollment
8,832
Arkansas campus enrollment
• Total Graduates – 1,788
Online graduates 1,163
Arkansas campus graduates
4,926
625
Student Enrollment and Graduates
July 1, 2012 – June 30, 2013
• Total Enrollment – 14,943
Online enrollment
11,185
Arkansas campus enrollment 3,758
• Total Graduates – 1,838
Online graduates
1,270
Arkansas campus graduates 568
Student Enrollment and Graduates
July 1, 2013 – June 30, 2014
• Total Enrollment – 16,786
Online enrollment – 14,080
Arkansas campus enrollment – 2,706
• Total Graduates – 1,800
Online graduates
1,231
Arkansas campus graduates 569
Graduates
July 1, 2011 – June 30, 2012
Type of Degree
Number of Graduates by Degree Type
Associate of Applied Science
368
Associate of General Studies
5
Associate of Arts
281
Associate of Science
3
Bachelor of Arts
50
Bachelor of Science
557
Master’s
495
Doctoral
4
Total
1,763
Graduates
July 1, 2012 – June 30, 2013
Type of Degree
Number of Graduates by Degree Type
Associate of Applied Science
316
Associate of General Studies
0
Associate of Arts
224
Associate of Science
26
Bachelor of Arts
14
Bachelor of Science
586
Master’s
655
Doctoral
18
Total
1,839
Graduates
July 1, 2013 – June 30, 2014
Type of Degree
Number of Graduates by Degree Type
Associate of Applied Science
240
Associate of General Studies
2
Associate of Arts
159
Associate of Science
42
Bachelor of Arts
64
Bachelor of Science
632
Master’s
641
Doctoral
20
Total
1,800
52
Tuition Per Credit Hour 2011-2012
ICAC
Institutions
Arkansas
Public
Institutions
Arkansas Public
Institutions
In State
Out of State
Undergraduate Degrees
Lowest Tuition
$263
$176
$270
Highest Tuition
$493
$239
$481
Lowest Tuition
$313
$170
$379
Highest Tuition
$1,623
$377
$834
Graduate Degrees
Tuition Per Credit Hour 2012-2013
ICAC
Institutions
Arkansas
Public
Institutions
Arkansas Public
Institutions
In State
Out of State
Undergraduate Degrees
Lowest Tuition
$257
$64
$96
Highest Tuition
$670
$205
$664
Lowest Tuition
$295
$175
$356
Highest Tuition
$1,680
$454
$1,075
Graduate Degrees
Tuition Per Credit Hour 2013-2014
ICAC
Institutions
Arkansas
Public
Institutions
Arkansas Public
Institutions
In State
Out of State
Undergraduate Degrees
Lowest Tuition
$107
$65
$100
Highest Tuition
$892
$244
$692
Lowest Tuition
$330
$182
$370
Highest Tuition
$1,818
$361
$1,111
Graduate Degrees
Institutions Exempt from Certification
• 43 institutions offering only church-related training
• 4 institutions offering programs on military installations
The majority (51% of total annual enrollment) of students enrolled at
the institution located on the military installation must be active or
retired military personnel and their dependents.
• Out-of-state institutions (primarily public institutions) approved by
state higher education agencies to offer degrees by distance
technology through a recognized regional education compact such
as the Southern Regional Education Board (SREB).
56
State Authorization Reciprocity Agreement
(SARA)
•
SARA is a national initiative backed by a grant from the Lumina Foundation in
cooperation with SREB and other regional education compacts and accrediting
agencies.
•
ADHE must certify Arkansas colleges and universities offering distance
technology programs for SARA participation based on institutional accreditation,
financial stability, and student complaint resolution policy and procedures.
•
SARA participation is optional.
•
Colleges and universities must pay a nominal participation fee to SARA
annually. However, ADHE will not charge Arkansas colleges and universities a
fee for SARA participation.
•
ADHE will submit the state application for SARA participation in December
2014 with an effective date of July 2015 for Arkansas colleges and universities to
participate in SARA.
57
Cynthia Moten
Associate Director, Academic Affairs
AGENDA ITEM NO. 8
POLICY CLARIFICATION: CONCURRENT ENROLLMENT
AHECB POLICY 5.16
AHECB Policy Clarification
Concurrent Enrollment
Clarification Statements •
•
•
•
•
Blended IB/concurrent course delivery
Minimum ESL Level for Course Placement
Participation Requirements for Out-of-State Colleges
Course Registration Guidelines
CTE Course Requirements and Faculty Credentials
Cynthia Moten
Associate Director, Academic Affairs
AGENDA ITEM NO. 9
POLICY CLARIFICATION: INSTITUTIONAL CERTIFICATION
AHECB POLICY 5.2
AHECB Policy Clarification
ICAC Rules
Clarification Statements • State of Arkansas Participation in State Authorization Reciprocity
Agreement (SARA)
• Bond and Fee Requirements