Cabinet 2009

Budget Presentation Cathy Riedl-Farrey

Summary of Reductions

FINAL 2009-11 BUDGET REDUCTIONS:

Government Efficiency 1% Across the Board Auxiliary Transfer 2% Pay Plan Reductions** Furlough Reductions

GPR/Fee

1,390,900 286,992 580,762 751,079 3,009,733

2009-10 PR***

-

TOTAL GPR/Fee

1,390,900 1,419,100 248,787 535,779 1,371,327 1,371,327 286,992 105,096 176,109 685,858 927,188 580,762 751,079 1,901,319 4,911,052 3,037,933

2010-11 PR***

248,787 105,096 176,109 529,992

TOTAL

1,419,100 535,779 685,858 927,188 3,567,925

GPR/Fee Biennial Total PR***

2,810,000 -

TOTAL

2,810,000 573,984 497,574 1,071,558 1,371,327 1,371,327 1,161,524 1,502,158 6,047,666 210,192 352,218 1,371,716 1,854,376 2,431,311 8,478,977

I

Budget Review Task Force Results

1 7 8 2 5 6 3 4 9 10 11 12 13 Travel-Out of State Lab Mod Capital Utilities Distance Learning Center Overheads/Chargebacks Cash set aside Low Class Enrollment/College Reductions Student Affairs Allocation University Advancement Allocation Position Savings-GPR & TSI (Existing) Administrative Services Allocation Tuition offset - - 5.5% Total FY2009 100,000 FY2010 75,000 FY2011 50,000 Cumulative Total Not allowed per UW System Budget Office 50,000 50,000 Already accounted for by UW System Budget Office 100,000 TBD 100,000 TBD 500,000 100,000 100,000 600,000 77,000 100,000 532,634 100,000 983,500 2,118,134 77,000 100,000 983,500 1,460,500 4,178,634

FY2010 Positive Notes

• • • • Cost to Continue items fully funded Enrollment is looking strong TSI numbers are up (over 1,000 students) and UWP retains 100% of these dollars Reductions have not resulted in lay offs

Auxiliary Enterprises; $31 178 558 ; 28%

2009-10 Total Budget $110.1 million*

Other; $44 104 ; 0% Extension; $570 462 ; 1% TOTAL TAX DOLLARS; $29 729 437 ; 27% Gifts and Grants; $1 147 500 ; 1% Federal; $8 454 310 ; 8% Tuition; $39 040 027 ; 35%

Budget Changes from 2008-09 to 2009-10

Sources of Revenue

$45 000 000 $40 000 000 $35 000 000 $30 000 000 $25 000 000 $20 000 000 $15 000 000 $10 000 000 $5 000 000 $0 General Purpose Tax Dollars Specific Purpose Tax Dollars TOTAL TAX DOLLARS Tuition Federal Gifts and Grants Auxiliary Enterprises Other Extension 2008-09 2009-10

Budget Changes from 2008-09 to 2009-10

Budget Categories [excluding Extension]

$70 000 000 $60 000 000 $50 000 000 $40 000 000 $30 000 000 $20 000 000 $10 000 000 $0 Unclassified Salary Classified Salary (includes LTE/Student) Fringes Subtotal Salary & Fringes Supply & Services Capital Financial Aid Special Purpose 2008-09 2009-10

UWP Sources of Revenue 1972-73 through 2009-10

(All Funds Except Extension)

Gifts & Grants Federal Grants Auxiliaries Tuition (On campus, print, DLC, TSI) Tax Dollars 0,00% 10,00% 20,00% 30,00% 40,00% 50,00% 60,00% 2009-10 2002-03 1992-93 1982-83 1972-73

Bonding Notes

• Two types of bonding – General Fund Supported Borrowing (GFSB) – Program Revenue Supported Borrowing (PRSB) • State sets aside approximately 4% of its yearly GPR income to pay for bonding. These dollars are part of the entire state budget and cover all general purpose borrowing.

Bonding (continued)

• • • • Issuance and refinancing of bonds is by the Department of Administration (DOA) Bond terms can vary from 10 year commercial papers to 20 year bonds.

Platteville currently has PRSB bonds maturing from FY2010 through FY2030.

Projects are bonded as expenditures are made so any one project may have several bonds with different maturity dates.

Bonding (continued)

• • UW System provides the campus with a schedule of the PRSB payment schedules when new bonds are issued or existing bonds are refinanced.

The schedule is used for the annual auxiliary budget process and budgeted debt service must be reconciled with the UW System schedule.

Bonding (continued)

• UW System invoices the campus for both the GFSB and PRSB payments – GFSB payments are made out of Fund 110. System loads the budget for this Fund.

– PRSB payments are made out of Fund 123 with a revenue transfer from the respective program revenue operation to the corresponding Fund 123 account.

– A special fund was set up for TSI bond payments. The bond payments relating to TSI are accounted for out of Fund 194.

Description General Fund Borrowing

Parking PAC Fieldhouse Addition Children's Center Pioneer Student Center Residence Halls Stadium Food Service/Union Chancellor's Residence

Subtotal TSI Grand Total Debt Service

Bonding Summary

Fund 110

123 123 123 123 123 123 123 123 123

123 194 FY2009 Budgeted 4,896,561

264,300 88,175 209,198 36,605 916,887 1,888,493 150,736 391,004 15,750

3,961,148 2,070,000 10,927,709 FY2010 Budgeted 5,392,182

260,400 88,161 415,000 35,832 918,566 1,913,340 153,736 417,973 15,236

4,218,244 2,070,000 11,680,426