Transcript UW-Platteville Convocations

UW-Platteville Convocations
Robert Cramer
Assistant Chancellor
August 2011
Financial Position 2010-11
• General Purpose Revenue (GPR) – includes general funding, specific
purpose funding, and earmarked funding from the state, primarily
from state sales and income taxes
• Program Revenue (PR) – includes tuition, auxiliaries, and segregated
fees, as revenues received for services or from users
• Federal Revenue (PR-F) – includes federal grants, financial aid,
direct loans, as revenues from a federal agency
• Segregated Funds (SEG) – includes transportation fund and other
separate state accounts, credited by law to a specific state fund
• Gifts and Grants – includes revenues from the Foundation, non
federal grants
Preliminary Ending Finances
All Funds Summary (Cash Basis)
• Beginning Cash
$ 25,137,116 (7/01/2010 rev)
• Total Revenue
$123,379,105
• Total Expenses
$124,736,260
• Net Income
$ 1,357,155
– Excluding direct student loan amounts
• Closing Balance
$ 23,779,961
(6/30/2011)
Select Fund Balances
• Fund 102
$4,189,114
(General operations, tuition revenue, base of $48 million)
• Fund 123
• Fund 128
$3,976,226 (Debt service, $4 M base)
$2,384,352
(Dining, housing, parking, base of $25 million)
• Fund 131
$10,280,339
(DLC, School of Ed Cost Recovery, TSI, base of $15 million)
• Fund 136
$2,337,985
(Similar to 128, HTCP, camps & conferences, base of $3.7
million)
2011-12 Budget of $160.4 million
Auxiliary Enterprises
32,967,057
20%
Extension
591,846
0%
General Purpose Tax
Dollars
17,013,631
Specific Purpose Tax
11%
Dollars
10,913,119
7%
Gifts and Grants
1,216,604
1%
Tuition
48,544,731
30%
Federal
49,155,710
31%
Overview of 2011-13 Biennial
Budget
Funding Reductions with Policy
• Continued state GPR reductions ($3.5 million)
• New flexibilities for UW System including block
grants, supplemental pay, and elimination of
overload limit ($12,000) on July 1, 2013
• New accountability reporting by UWS around
performance, finances, access, undergraduate
and graduate education, faculty, economic
development, and collaborations
Special Task Force on UW System
• 17 members
• Report by January 1, 2012
• Charge includes governance structure, new
personnel system, tuition setting,
compensation plans, operational flexibilities,
and collaboration between UW institutions.
Looking Forward
Challenges Exist
• Important to acknowledge “brutal facts of current
reality” (Jim Collins) and “face reality” (Jack
Welch)
• Continued reductions in state GPR funding
– Total GPR spending increases by 7.6% from 2009-11 to
2011-13 yet UW System funding declines 3.8%
– $1.4 billion increase in Medicaid funding
– Corrections GPR exceeds UWS GPR in 2011-13
Challenges Exist
• Demographics in higher education are
changing
• External scrutiny and accountability will
continue
• Growing role of for-profit institutions
• Compensation of faculty and staff at UWPlatteville
Opportunities to Control our Destiny
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Authority to propose supplemental pay plans
Master Plan for facilities to support growth
Initiating a University Strategic Plan
University and Foundation generating more of
our resources
• Expanding our faculty and staff to support growth
– 48 total new FTE in 2011-12, 22 are faculty and
instructional academic staff