Transcript Finance Update Faculty Meeting January 2014 Robert Cramer FY2012-13 Closing Balances All Funds Summary (Cash Basis) Beginning Cash $ 24,495,297 Total Revenue $149,680,085 Total Expenses $145,363,000 Net Income $ 4,317,085 (July 1, 2012) (Excluding.

Finance Update
Faculty Meeting
January 2014
Robert Cramer
FY2012-13 Closing Balances
All Funds Summary (Cash Basis)
Beginning Cash
$ 24,495,297
Total Revenue
$149,680,085
Total Expenses
$145,363,000
Net Income
$ 4,317,085
(July 1, 2012)
(Excluding direct student loan amounts)
Closing Balance
$ 28,812,382
(June 30, 2013)
2
2013-14 Budget
Final 2013-2014 UW-Platteville Budget
$184.5 Million (all funds)
16% State Support
Auxiliary
Enterprises
45,941,182
25%
Extension
588,569
0%
General
Purpose Tax
Dollars
16,261,394
9%
Final 2013-2014 UW-Platteville Budget
$135.9 Million (excluding federal aid)
21% State Support
Specific
Purpose Tax
Dollars
12,645,244
7%
Gifts and
Grants
1,430,900
1%
Federal
50,489,010
27%
Extension
588,569
1%
Auxiliary
Enterprises
45,941,182
34%
General
Purpose Tax
Dollars
16,261,394
12%
Specific
Purpose Tax
Dollars
12,645,244
9%
Gifts and
Grants
1,430,900
1%
Tuition
57,119,406
31%
Federal
1,895,700
1%
Tuition
57,119,406
42%
3
Enrollment Projections
FY201314
FY201415
FY201516
FY201617
FY201718
5,670
5,665
5,665
5,665
5,665
92
90
90
90
90
Subtotal Pooled Enrollment
5,762
5,755
5,755
5,755
5,755
TSI Enrollment
1,482
1,510
1,490
1,500
1,510
Total Pooled & TSI Enrollment
7,244
7,265
7,245
7,255
7,265
Previous Projection
7,390
7,480
7,505
7,515
7,515
-146
-215
-260
-260
-250
Undergraduate
Graduate
Reduction
4
Budget Forecast Model
Projected Closing Balances
Current Scenario
As of 1/10/14
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
7,144,380
5,122,383
3,054,727
483,403
(2,499,776)
(5,869,645)
Above scenario assumes:
-Continued funding of UW-Platteville compensation programs
-$3M base on-going reduction due to UWS budget cuts, tuition freeze;
-Additional $1.1M reduction due to lower enrollment projections in 2014-15;
-Another $425,300 in 2015-16
Board of Regent Thresholds – 10% and 15%
Amount
10%
15%
$6,100,000
$9,100,000
5
Discussion
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