agenda financial affairs committee

of 2

AGENDA Meeting of the

FINANCIAL AFFAIRS COMMITTEE June 12 2020 at 100 pm University of Connecticut

Conference Call Conference Call In 415-655-0002 Access code 647 939 273 Note that this meeting will be recorded

ATTACHMENT 1) Public Participation (limited to agenda items)

If members of the public wish to address the Board of Trustees during the Public Participation portion of the meeting you must submit a request in writing one hour prior to the start of the meeting (by 1200 pm) to the following email address boardoftrusteesuconnedu Please indicate your name telephone number and topic to be discussed Per the University By-Laws the Board may limit public comment to a maximum of 30 minutes People will be called upon to speak based upon the order of requests received Depending on the number of individuals who sign up to address the Board the Chairperson may limit the comment period to 3 minutes per person As an alternative you may also submit your comments via email which will be shared with the Board

ACTION ITEMS 2) Approval of the Minutes of the Financial Affairs Committee 1

Meeting of April 29 2020 as circulated

3) Contracts and Agreements for Approval 2 4) Proposed Second Amended and Restated Master Agreement and 3

Statement of Work for the UConn Foundation for Fiscal Year 2021 5) Twenty-Seventh Supplemental Indenture Authorizing University of Connecticut 4

General Obligation Bonds

6) Revised Allocation of Bond Authorizations as set forth in the 5 Twentieth Supplemental Indenture (University of Connecticut General Obligation Bonds)

7) Revised Allocation of Bond Authorizations as set forth in the 6

Twenty-Second Supplemental Indenture (University of Connecticut General Obligation Bonds)

8) Revised Allocation of Bond Authorizations as set forth in the 7

Twenty-Third Supplemental Indenture (University of Connecticut General Obligation Bonds)

Page 2 of 2

ATTACHMENT PROJECT BUDGETS FOR APPROVAL STORRS BASED PROGRAMS Phase Budget 9) Wired Access Layer Infrastructure Refresh ndash

Phase II Final $4200000 8

10) Spending Plan for Fiscal Year 2021 for the University of Connecticut 9

Storrs amp Regional Campuses 11) Spending Plan for Fiscal Year 2021 for UConn Health 10

12) Fiscal Year 2021 Capital Budget for the University of Connecticut 11

Storrs and Regional Campuses PRESENTATION ITEM 13) FY21 Budget Presentation 12 INFORMATION ITEMS 14) Capital Project Expenditure Report ndash All Funding Sources B

Fiscal Year 2020 as of 05312020 15) Construction Project Status Report

httpsbudgetuconneduconstruction-status-reports EXECUTIVE SESSION (As Needed)

ATTACHMENT 1

MINUTES MEETING OF THE FINANCIAL AFFAIRS COMMITTEE

University of Connecticut Teleconference April 29 2020

TRUSTEES PARTICIPATING Andy Bessette Mark Boxer Charles Bunnell Shari Cantor Andrea Dennis-LaVigne Justin Fang Marilda Gandara Jeanine Gouin Rebecca Lobo Kevin OrsquoConnor

Bryan Pollard Thomas Ritter Philip Rubin Daniel Toscano and Nandan Tumu STAFF PARTICIPATING Andy Agwunobi David Benedict James Bradley

Lloyd Blanchard Jeffrey Blumenthal Debbie Carone Patricia Casey Laura Cruickshank Greg Daniels Christopher Delello John Elliott Nathan Fuerst Nicole Gelston Jeffrey Geoghegan Scott Jordan Thomas Katsouleas Michael Kirk Joann Lombardo Veronica Makowski Rachel Rubin Daniel Weiner Kelly Wihbey and Michelle Williams

SENATE REPRESENTATIVES PARTICIPATING Rajeev Bansal Robert Bird Mark Boyer Sandra Chafouleas Maria-Luz Fernandez Carol Polifroni David Yalof and Jaci Van Heest

Vice-Chair Bessette convened the meeting of the Financial Affairs Committee via teleconference at 938 am He asked for a roll call of those on the telephone and asked if there was anyone from the public who wished to speak Trustee Bessette directed the committee to agenda Item 1 Approval of the Minutes of the Financial Affairs Committee Meeting of March 23 2020 On a motion by Trustee Tumu and seconded by Trustee Boxer the item was approved as circulated

Scott Jordan Executive Vice President for Administration and Chief Financial Officer presented agenda Item 3 Contracts and Agreements for Approval (Tab 1) Jeff Geoghegan UConn Health Chief Financial Officer provided an update on the three UConn Health leases presented for approval On a motion by Trustee Rubin and seconded by Trustee OrsquoConnor the item was recommended to the full Board for approval

Mr Jordan reviewed agenda Item 4 Travel and Entertainment Policies and

Procedures ndash Revised (Tab 10) Trustee Boxer shared that JACC had recently approved the item and had gone through a detailed review of the item On a motion by Trustee Boxer and seconded by Trustee Tumu the item was recommended to the full Board for approval

Trustee Bessette introduced a discussion of agenda Item 5 Deferral of Fiscal Year

2021 Self-Supporting Program Fees for the University of Connecticut Storrs and Regional Campuses (Tab 14) Mr Jordan reviewed the request for the deferral and asked for an

amendment to alter the language to read ldquoBe it resolved that the University may defer for one year the Implementation of fees for self-supporting programs approved by the Board of Trustees on December 11 2019 upon the recommendation of the relevant Deanrdquo On a motion by Trustee Cantor and seconded by Trustee Rubin the proposed amendment was recommended to the full Board for approval

On a motion by Trustee Rubin and seconded by Trustee Cantor agenda Item 5

Deferral of Fiscal Year 2021 Self-Supporting Program Fees for the University of Connecticut Storrs and Regional Campuses ndash As Amended was recommended to the full Board for approval

Mr Jordan briefed the Trustees on the capital project budgets presented for approval On a motion by Trustee Tumu and seconded by Trustee Rubin agenda Items 6-7 Academic and Research Facilities ndash STEM Research Center Science 1 (Final $220000000) and Northwest Quad ndash Science 1 ndash Site Improvements and Tunnel Phase 2 (Final $56000000) were recommended to the full Board for approval

There being no additional agenda items for approval the meeting was adjourned at 1006

am on a motion by Trustee Rubin and seconded by Trustee Tumu

Respectfully submitted Debbie L Carone

Debbie L Carone Secretary to the Committee

ATTACHMENT 2

CONTRACT AGREEMENTSFOR APPROVALJUNE 24 2020

1

No Contractor Contract No Approval Amount Term Fund Source Program Director1 Schneider Electric FO500073 $8000000 051820-063025 Operating

FundsMichael JednakAVP Facilities Operations amp Building Services

No Contractor Contract No Approval Amount Term Fund Source Program Director2 East China Normal

UniversityUC-KA060120-8 $2340934 080120-073121 Operating

FundsDan Weiner PhD Vice President for Global Affairs Nathan Fuerst Vice President for Enrollment

3 University of Nottingham

UC-KA060320-8 $2479750 090120-083121 Operating Funds

Dan Weiner PhD Vice President for Global Affairs Nathan Fuerst Vice President for Enrollment

4 Academic Programs International



PROCUREMENT - NEWANDOVER INFRASTRUCTURE AND SOFTWARE UPGRADE

PurposeUpgrade for the Andover Building Management System The system needs to be upgraded to the next-generation EcoStructure Building Operation System over several years to securely facility the exchange of date from both Schneider Electric and third-party energy lighting HVAC fire safety security and workplace management systems to create future ready smart buildings Sourced through a sole source due to propriety system owned by Schneider Electric Zero extensions remain

Provide academic course instructions and academic support for UConn international students who are unable to arrive in the U S on time for Fall Semester 2020 and potentially Spring Semester 2021 This agreement is sourced under the guidelines of the Governors Executive Order relating to COVID-19 Zero extensions remain

EDUCATION ABROAD

Provide academic course instructions and academic support for UConn international students who are unable to arrive in the U S on time for Fall Semester 2020 and potentially Spring Semester 2021 Provide housing options This agreement is sourced under the guidelines of the Governors Executive Order relating to COVID-19 contractual process and the existing UConn education abroad procurement process Zero extensions remain

Secure housing accommodation for UConn international students who are unable to arrive in the U S for the Fall Semester 2020 and potentially Spring Semester 2021 Provide on-going extracurricular and social support for these students This agreement is sourced under the guidelines of the Governors Executive Order relating to COVID-19 contractual process and the existing UConn education abroad procurement process Zero extensions remain

Purpose


2

No Contractor Contract No Approval Amount Term Fund Source Program Director5 Kaplan UC-KA060220-8 $2446884 070120-063023 Operating


No Contractor Contract No Approval Amount Term Fund Source Program Director6 Otis Elevator Company 384899 $5000000 070120-063025 Multiple

SourcesGregory DanielsInterim AVP for University Business Services amp Chief Procurement Officer

No Contractor Contract No Approval Amount Term Fund Source Program Director7 DynTek Services Inc SO-19102 $2000000 070120-063024

(anticipated)Multiple Sources

Michael MundraneVice President and Chief Information Officer

8 ePlus Technology Inc MC12-F05 $1000000 100518-093020 Multiple Sources


9 GovConnection Inc UC-19125 $8000000 070120-083125 (anticipated)

Multiple Sources


Information technology hardware software supplies and related services Sourced through a Participation Agreement allowing utilization of a contract resulting from a joint RFP process between the University of Connecticut and the Connecticut State Colleges and Universities System (CSCU) Future extensions up to five years may be exercised at the discretion of CSCU

ELEVATOR MAINTENANCE

PurposeService maintenance repairs upgrades and modifications for elevators located on all University campuses Sourced through an Omnia Partners Consortia agreement Future extensions may be exercised at the discretion of the consortia

IT HARDWARE SOFTWARE amp RELATED SERVICES

Purpose

INTERNATIONAL STUDENT RECRUITING

Purpose

IT hardware products and related services for the Storrs and Regional Campuses Zero extensions remain Sourced through a Massachusetts Higher Ed Consortia (MHEC) agreement Future extensions may be exercised at the discretion of the consortia

Desktops laptops peripherals software and IT hardware for all University campuses This is the result of a public solicitation on which the University of Connecticut partnered with the Connecticut State Colleges and Universities System (CSCU) Future extensions up to five years may be exercised at the discretion of CSCU

Market UConn globally and recruit undergraduate international students This agreement is sourced under the guidelines of the Governors Executive Order relating to COVID-19 contractual process and the existing UConn education abroad procurement process Zero extensions remain


3

No Contractor Contract No Approval Amount Term Fund Source Program Director10 Insight Public Sector SO-19118 $7500000 070120-063024



No Contractor Contract No Approval Amount Term Fund Source Program Director11 Securly Inc UC-01-79 $1500000 080120-063023 Multiple

SourcesMichael MundraneVice President and Chief Information Officer

No Contractor Contract No Approval Amount Term Fund Source Program Director12 CampW Facility Services

IncLM120119 $31000000 070120-063025 Operating


No Contractor Contract No Approval Amount Term Fund Source Program Director13 Blackboard Inc CSU-0379 $3380274 070120-063025 Multiple


IT SECURITY AND DATA PROTECTION SOLUTIONS

Supplemental Agreement to National Cooperative Purchasing Association (NCPA) contract IT security and data protection solutions This allows CEN to aggregate purchases on behalf of its membership and distribute licenses for substantial discountssavings beyond list and consortia pricing Two one year extensions remain

Information technology hardware software supplies and related services for all University campuses This is the result of a public solicitation on which the University of Connecticut partnered with the Connecticut State Colleges and Universities System (CSCU) Future extensions up to five years may be exercised at the discretion of CSCU

PurposeLearning management system (LMS) software and related for all University campuses to support HuckyCT Zero extensions remain Sourced through a CSU agreement Future extensions may be exercised at the discretion of CSU

JANITORIAL SERVICES

PurposeJanitorial cleaning services for the Storrs and Depot campuses This is the result of a public solicitation Five extensions of one year each remain

IT HARDWARE SOFTWARE amp RELATED SERVICES (Continued)

Purpose

Purpose

LEARNING MANAGEMENT SOFTWARE


4

No Contractor Contract NoNew Approval

Amount Term Fund Source Program Director

Total Expenditures as

of 043020Expenditures

FY19Expenditures

FY18 Purpose14 AAIS a Division of

Spectrum Environmental LLC

16PSX0110 $500000 [Contract Value

Previously $1400000 Total

New Contract Value $1900000]

050117-043022 Multiple Sources

Gregory DanielsInterim AVP for University Business Services amp Chief Procurement Officer

$1421427 $479798 $486184 Hazardous material and abatement services for all University campuses Amend to increase contract value $500000 for total new contract value of $1900000 Contract term remains the same This is a State of Connecticut contract Future extensions may be exercised at the discretion of the State





FY19Expenditures

FY18 Purpose15 Security Services of

CT IncUC-16-JW090215 $250000

[Contract Value Previously $750000

Total New Contract Value $1000000]



$737602 $150345 $129367 Background screening services on domestic and international prospective employees student employees student participants in clinical internships and program and volunteers for all University campuses Amend to increase contract value $250000 for total new contract value of $1000000 Amend to extend term one year through 091421 Zero extensions remain





FY19Expenditures

FY18 Purpose16 Soundhill Graphics

Inc dba AlphaGraphics

UC-14-JL121712 $0 [Contract Value

Previously $1000000 Contract

Value Remains the Same]



$865330 $120404 $95145 Design implementation administration and printing of official University stationary through an on-line eProcurement system for the Storrs and Regional campuses Amend to extend term six months through 123120 Contract term remains the same Zero extensions remain

ASBESTOS LEAD MOLD AND HAZARDOUS MATERIAL ABATEMENT SERVICES

BACKGROUND SCREENING SERVICES

BUSINESS CARDS amp LETTERHEAD

PROCUREMENT - AMENDMENTS


5





FY19Expenditures

FY18 Purpose17 KHR (A Step Above

Catering)UC-16-KA121714-8A

$433700 [Contract Value



070115-063021 Auxiliary Services

David BenedictDirector of Athletics

$2177804 $418760 $343640 Catering services for the Division of Athletics in support of varsity sporting events and other special events on Storrs campus Amend to increase contract value $433700 for total new contract value of $2622542 Amend to extend term one year through 063021 Zero extensions remain





FY19Expenditures

FY18 Purpose18 AampA Office Systems

Inc12PSX0026 $500000

[Contract Value Previously

$2302536 Total New Contract Value

$2802536]



$2045812 $107826 $219233 Printers multi-function devices and related support for all the Storrs and Regional campuses Amend to increase contract value $500000 for total new contract value of $2802536 Contract term remains the same This is a State contract Future extensions may be exercised at the discretion of the State





FY19Expenditures

FY18 Purpose19 Horizon Programs Inc PSA-010117 $500000



$1500000]



$755025 $175476 $177899 Use of staffing labor force of support individuals as well as support coaches for the Storrs and Regional campuses Amend to increase contract value $500000 for total new contract value of $1500000Amend to extend term one year through 123121 This agreement is extended annually

EMPLOYMENT SERVICES

CATERING SERVICES

COPIER EQUIPMENT AND MAINTENANCE


6





FY19Expenditures

FY18 Purpose20 Contemporary

Services CorporationUC-KMA050313-A




070114-063021 Operating Funds


$1952475 $308629 $295031 Management and staffing for event on the Storrs campus including athletic events and commencement Amend to increase contract value $306023 for total new contract value of $2304603Amend to extend term one year through 063021 Zero extensions remain





FY19Expenditures

FY18 Purpose21 Sardilli Produce amp

Dairy IncUC-17-KA022916-8A





Michael GilbertVice President for Student Affairs

$6907088 $2065509 $1870402 Fresh fruit and produce primarily for the Department of Dining Services for student meals catering and other needs Amend to increase contract value $1032500 for total new contract value of $8972364 Amend to extend term one year through 090121 Zero extensions remain

22 Sysco Food Services of CT LLC

UC-15-KA111814-8






$65776651 $14019654 $13214751 Grocery frozen foods and food service paper products primarily for the Department of Dining Services for student meals catering and other needs Amend to increase contract value $9964122 for total new contract value of $79511224 Amend to extend term one year through 063021 Zero extensions remain

EVENT STAFFING SERVICES

FOOD SERVICES


7





FY19Expenditures

FY18 Purpose23 State of Connecticut -

Bureau of Enterprise Services and Technology (BEST)

MOA082509 $500000 [Contract Value




Michael MundraneVice Provost and Chief Information Officer

$4645518 $450000 $400000 Provide internet service through the network operated by the Connecticut Education Network (CEN) for the Storrs and Regional campuses Amend to increase contract value $500000 for total new contract value of $5978262 Contract term remains the same Purchases are through a Memorandum of Agreement with the State Extensions may be exercised at the discretion of the State





FY19Expenditures

FY18 Purpose24 SHI International Inc SO-19108 $10000000



$14000000]



$0 $0 $0 Provide information technology hardware software supplies and related services for all University campuses Amend to increase contract value $10000000 for total new contract value of $14000000 Contract term remains the same Zero extensions remain





FY19Expenditures

FY18 Purpose25 Siracusa Moving amp

Storage Inc14PSX0161 $500000





$1009094 $135481 $243153 Moving and storage services for all University campuses Amend to increase contract value $50000 for total new contract value of $1250000 Contract term remains the same Zero extensions remain This is a State of Connecticut contract Future extensions may be exercised at the discretion of the State

INTERNET SERVICES

MOVING amp STORAGE SERVICES

IT HARDWARE SOFTWARE AND RELATED SERVICES


8





FY19Expenditures

FY18 Purpose26 Phantom

Technologies IncO1-70 $300000





$558648 $322267 $0 Network security hardware and software through the network operated by the Connecticut Education Network (CEN) for all University campuses excluding UCH Amend to increase contract value $300000 for total new contract value of $1100000 Sourced through the National Cooperative Purchasing Alliance (NCPA) Future extensions may be exercised at the discretion of NCPA





FY19Expenditures

FY18 Purpose27 AZ Corporation 159-2-950-

022817No Value 050516-053120 Multiple


$1209661 $426097 $368384 On-call telecommunication services provided to support project work as needed at all University campuses Amend to extend contract term three months through 053120 Zero extensions remain

28 Fiber Optics Plus Inc 159-4-950-022817

No Value 030416-053120 Multiple Sources



ON-CALL TRADE SERVICES - TELECOMMUNICATIONS

NETWORK SECURITY HARDWARE amp SOFTWARE


9





FY19Expenditures

FY18 Purpose29 VMS Construction Co 047-8-NV-

043019No Value Contract 050116-043021 Multiple


$1601893 $382901 $50384 On-call watersewer services provided to support project work as needed at all University campuses Amend to extend contract term one year through 043021 Zero extensions remain





FY19Expenditures

FY18 Purpose30 Wellfleet Group LLC

[services previously provided through Consolidated Health Plans who has been acquired by Wellfleet]

UC-19-KA102918-8




042519-042422 Auxiliary Funds

Suzanne OnoratoExecutive Director of Student Health Services

$5139781 $5146917 $0 Health insurance for registered University and UCH students including UCH Dental Residents and other eligible individuals Coverage underwritten by Commercial Casualty Insurance Co a Berkshire Hathaway-backed carrier Broker and Agent Services provided by Smith Brothers LLC The expenses for all students associated with this contract are borne by the insured students not by the University Amend to increase contract value $5750000 for total new contract value of $20750000 Two extensions of one year each remain

ON-CALL TRADE SERVICES - WATERSEWER SERVICES

STUDENT HEALTH INSURANCE


10





FY19Expenditures

FY18 Purpose31 Anthony Travel Inc UC-18-KA021617-

8$0


$25000000 Contract Value

Remains the Same]



$8217666 $3664008 $2032947 Provide a full range of travel services to the Universitys Division of Athletics including but not limited to airline bookings air charter bookings hotel bookings group travel and after-hour services Vendor is paid the salary for two on-site agents and any applicable pass-through charges to airlines andor hotels Contract value remains the same Amend to extend term two years through 063022 Zero extensions remain





FY19Expenditures

FY18 Purpose32 EBSCO Information

ServicesUC-17-JL20316 $3000000



$13270000]


Anne LangleyDean of Uconn Library

$8622128 $3697492 $4533420 Provide an agent to purchase library serials and subscriptions for all University campuses Journals include packages held by Wiley Interscience Core Collection Taylor amp Francis and Springer This relationship may be effectuated through one or more contracts or amendments Amend to increase contract value by $3000000 for total new contract value of $13270000 Amend to extend one year One extension of one year remains

NON-PROCUREMENT - AMENDMENTS

TRAVEL AGENCY - ATHLETICS

LIBRARY SERVICES


11

UNIVERSITY AS TENANT

No LandlordAnnual Amount

Payable Term Fund SourceProgram Director

1 EDR Storrs LLC $333924 (for 20 units)

080120-073121 (with one 1-year renewal option)

Operating Fund - General

Michael Jednak - Associate Vice President for Facilities Operations

2 SMNJ LLC (aka Kirby Mills)

Monthly Rent See Detail under

Purpose

090117-123127 (with two 5-year renewal options)


Anne DAlleva - Dean of Fine Arts

3 Asylum Hill Family Medicine Center Inc

$120334 070120-063021 Operating Funds Donna McKenty Sr Director School of Medicine

UConn Health (Subtenant) will pay Asylum Hill Family Medicine Center Inc (Sublandlord) rent for 5577 square feet of office space used by UConn Health employees in the Department of Family Medicine who are based at the Family Medicine Center at Asylum Hill (99 Woodland Street Hartford CT) and for 12 parking spaces on same premises

Reservation Agreement to support university temporary housing needs for up to 20 units at The Oaks on the Square in Storrs Center Storrs CT This Agreement continues the relationship between the University and the Contractor The term of the Agreement is for a period of 1 year with an option to extend the term for 1 year at a renegotiated market rate Utilities are included in the rent The Universitys Department of Facilities Operations will continue to maintain the apartments for Visiting Scholars and Storrs campus faculty staff and guests

The University currently leases two floors at Kirby Mills (7714 SF on the first floor and 7714 SF on the second floor) for use by the Fine Arts department The University is going to phase-out its use of the first floor and return it to the Landlord In return for early termination for a portion of the leased space the University will waive its termination rights for the remaining second floor space for the balance of the initial term If the first floor is relet by Landlord during the phase-out period the University will be further relieved of that portion of the rent Monthly Rent $19483 to 83120 $15022 9120 to 83121 $15443 9121 to 53122 $10295 6122 to 83122 $10583 starting 9122 and increasing 3 annually thereafter

Purpose

LEASES FOR APPROVAL

ATTACHMENT 3

Office of the Executive Vice President for Administration and Chief Financial Officer Scott A Jordan Executive Vice President for Administration and Chief Financial Officer

352 MANSFIELD ROAD UNIT 1122 GULLEY HALL STORRS CT 06269-1122 PHONE 8604863455 wwwevpacfouconnedu

An Equal Opportunity Employer

June 24 2020 TO Members of the Board of Trustees FROM Scott A Jordan

Executive Vice President for Administration and Chief Financial Officer RE Proposed Second Amended and Restated Master Agreement and Statement of

Work for the UConn Foundation for Fiscal Year 2021 RECOMMENDATION The University administration recommends that the Board of Trustees approve the resolutions below authorizing the University approved the Second Amended and Restated Master Agreement and to enter into a statement of work for Fiscal Year 2021 with The University of Connecticut Foundation Incorporated (the ldquoUConn Foundationrdquo)

BACKGROUND The University has established a Master Agreement with the UConn Foundation in satisfaction of the requirements of Connecticut General Statutes sect 4-37f(9) This agreement details the Universityrsquos relationship with the UConn Foundation and sets forth the UConn Foundationrsquos responsibilities for performing development investment and other services in support of the University The UConn Foundation is a private organization exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986 as amended that operates exclusively to promote the educational research cultural and recreational objectives of the University

The Master Agreement requires among other things that the University enter into statements of work with the UConn Foundation outlining specific goals and objectives and the financial consideration to be provided by the University The current Master Agreement and statement of work both expire on June 30 2020 The SECOND AMENDED AND RESTATED MASTER AGREEMENT

The Second Amended and Restated Master Agreement between the University and the UConn Foundation continues the current relationship between the parties for a period of five years from July 1 2020 through June 30 2025 The terms are identical to the First Amended and Restated Master Agreement of July 1 2015 through June 30 2020 but for updates to the language of the nondiscrimination terms and Executive Orders required for state contracts and to current University administrative titles and names of University offices



The STATEMENT OF WORK FY21

The proposed statement of work with the UConn Foundation sets forth the fundraising investment management alumni relations activities and other related goals and objectives for Fiscal Year 2021 The goals and objectives established for next year include the following

bull A fundraising goal of $90 million in new gifts and commitments for the University

(including support for UConn Health) bull Continuation of focused fundraising activities around supporting need-based financial

aid with particular focus on the Universityrsquos Connecticut Commitment bull Expansion of the grateful patient program through work with identified physician

champions and patient rounding with nurse managers bull Providing quality alumni programs and services that strengthen lifelong bonds between

all members of the UConn family and bull Continued building upon the ongoing planning activities for the significant and concerted

fundraising campaign for the benefit of the University The amount of funds to be raised priorities to be funded and the timing of the campaign will be mutually agreed upon by the University and the UConn Foundation in consideration of relevant operational and economic factors including the COVID-19 pandemic and its global economic impact

In consideration for the UConn Foundationrsquos performance of these services during the next fiscal year the University has agreed to pay the UConn Foundation $12150201 for all development and alumni activities and related services

RESOLUTION In furtherance of the foregoing the University recommends the Board of Trustees of the University approve the following resolutions

RESOLVED that the Universityrsquos President and administration are authorized to execute

and deliver the Second Amended and Restated Master Agreement with the UConn Foundation on the terms described above and


and deliver a statement of work for Fiscal Year 2021 with the UConn Foundation on the terms described above and such other terms as may be deemed advisable and in the best interest of the University by the Universityrsquos President and administration and

RESOLVED that the Universityrsquos President and administration are hereby further

authorized to execute deliver and perform in the name of and on behalf of the University such certificates instruments documents and agreements as each of them may deem necessary useful or required in furtherance of the foregoing resolution

EXECUTION VERSION

SECOND AMENDED AND RESTATED MASTER AGREEMENT between

THE UNIVERSITY OF CONNECTICUT and

THE UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED

WHEREAS the UNIVERSITY OF CONNECTICUT (hereinafter the ldquoUniversityrdquo or ldquoUConnrdquo) Connecticutrsquos land grant university whose statutory authority is set forth in Chapter 185b of the Connecticut General Statutes and THE UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED (hereinafter the ldquoFoundationrdquo) a Connecticut non-stock corporation that is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986 as amended (the ldquoCoderdquo) entered into an agreement effective July 1 2014 (the ldquoOriginal Agreementrdquo) to outline the relationship between the parties and to assure compliance with the provisions of CONN GEN STAT sect 4-37e et seq as they may be amended and other applicable laws

WHEREAS pursuant to the Original Agreement the University designated the Foundation to assume primary responsibility for the Universityrsquos development efforts and the investment and administration of endowment funds established to benefit the University and the Foundation agreed to undertake these responsibilities

WHEREAS the University and the Foundation entered into the First Addendum to

Master Agreement effective as of April 1 2015 pursuant to which among other things the University designated the Foundation to assume primary responsibility for performing alumni relations activities in support of the University and the Foundation agreed to undertake these responsibilities

WHEREAS the University and the Foundation entered into the First Amended and

Restated Master Agreement effective July 1 2015 whereby the Original Agreement and First Addendum were amended and restated in their entirety to set forth the terms on which the Foundation would continue for a period of five (5) years to support the University by engaging in development efforts investing and administering endowment and other funds established to benefit the University and performing alumni relations activities

WHEREAS the mission of the Foundation is to solicit receive invest and administer

gifts and financial resources from private sources for the benefit of all campuses and programs of the University (inclusive of the Universityrsquos Health Center) and to this end to support the Universityrsquos alumni relations activities and the Foundation operates exclusively to promote the educational research cultural and recreational objectives of the University and as a primary fundraising vehicle to solicit and administer private gifts and grants which will enhance the Universityrsquos mission the Foundation supports the Universityrsquos pursuit of excellence in teaching research and public service

2

WHEREAS the University and the Foundation desire to set forth the terms on which the Foundation will continue to support the University by engaging in development efforts investing and administering endowment and other funds established to benefit the University and performing alumni relations activities

WHEREAS Section 112 of the First Amended and Restated Master Agreement provides

that it may be amended from time to time upon mutual written agreement of the parties approval of their respective governing boards and approval as to form by the Office of the Attorney General

NOW THEREFORE the First Amended and Restated Master Agreement is hereby

amended and restated in its entirety by the execution of this Second Amended and Restated Master Agreement dated effective July 1 2020 (this ldquoAgreementrdquo) entered into between the University and the Foundation 10 Relationship of the Parties 11 The University and the Foundation acknowledge that the University is a constituent unit

of the State of Connecticutrsquos system of public higher education as defined in CONN GEN STAT sect10a-1 and is responsible for the governance and administration of all the schools colleges divisions and departments of all the Universityrsquos campuses (including without limitation the University Health Center) and the Foundation is an independent Connecticut non-stock corporation exempt from federal taxation under Section 501(c)(3) of the Code and a ldquofoundationrdquo as defined under CONN GEN STATsect 4-37e(2) that each entity is governed by separate governing boards that each entity is permitted only to deposit funds to their respective accounts which are properly designated for that specific entity and that each entity is subject to separate accounting disbursement and disclosure requirements as a matter of internal governance regulations and applicable state and federal law

12 The Foundation and University are each independent entities and agree that neither shall

have any liability for the obligations acts or omissions of the other party or the otherrsquos trustees directors officers employees and agents

13 The Foundation will be governed in accordance with its bylaws as amended from time to

time by a volunteer board of elected directors which includes the following ex-officio non-voting (except as otherwise indicated) directors the President of the University the Universityrsquos chief academic officer a senior administrator from the University Health Center the chief financial officer of the University a chief administrator from the Department of Athletics the Chair of the Institutional Advancement Committee of the University Board of Trustees or any other member of the Institutional Advancement Committee as designated by the Chair of the Institutional Advancement Committee the President of the Foundation (voting) a student enrolled at the University and elected by enrolled students and a faculty member of the University (elected by the faculty) With respect to the University positions serving as ex-officio members of the Foundation board of directors the positions will be identified consistent with titles in the Universityrsquos

3

bylaws as amended by the University from time to time The Foundation reserves all rights and powers granted to it under its charter and bylaws the Connecticut non-stock corporation law and federal law

14 This Agreement provides the terms and conditions of the relationship between the

University and Foundation From time to time but in no event less frequently than once every five years the Foundation and University will enter into statements of work (each a ldquoSOWrdquo) which outline the specific fundraising investment management alumni relations activities and other related goals and objectives that the University and Foundation have agreed upon and the annual amount agreed to be paid (if any) to the Foundation for each fiscal year (Fiscal Year July 1 ndash June 30) in consideration of the Foundationrsquos fundraising investment management alumni relations and other related services described in this Agreement

15 The University and the Foundation will use their best efforts to ensure that Foundation

activities contemplated by this Agreement comply with the Internal Revenue Code particularly Section 501(c)(3) and its regulations and applicable state law including without limitation CONN GEN STAT sect 21a-175 et seq

16 The Foundation in its discretion will assign Foundation employees to work primarily with the Universityrsquos alumni and other potential donors and with the administration and faculty of particular University schools colleges and programs for the activities contemplated by this Agreement The Foundation agrees that it will collaborate with the Deans and Directors of such schools colleges and programs in establishing objectives and performance expectations of such employees The employees will also be permitted to perform general advancement and alumni relations work as requested by the school college and program and agreed to by the Foundation As an independent organization the Foundation has the authority to hire employees and otherwise develop its own human resources infrastructure and compensation policies to accomplish the mission of the Foundation

17 At times the University may request the use of financial services of the Foundation to

facilitate special fundraising or alumni events or other University projects in accordance with best practices that extend beyond the normal fiscal functions of the Foundation contemplated by this Agreement to deposit and account for private gifts and to process routine disbursements In such cases the University shall request prior approval from the Foundation for the use of these services The parties agree that the Foundation will be entitled to reasonable and appropriate compensation for such services The University and the Foundation agree to make no commitment to a third party on behalf of the other without expressed prior written permission of such other party

20 Fundraising Services 21 The University designates the Foundation as the primary entity to raise private financial

support manage philanthropic assets and steward donors in support of the University All University fundraising shall be directed by the Foundation The parties will work

4

closely to create a culture of philanthropy and provide the transformational support necessary for UConn to achieve its aspirations within all of the Universityrsquos schools colleges athletic programs and the University Health Center The University will engage the Foundation in strategic planning to develop University and unit priorities long-range goals and associated fundraising needs The University will advise and include the Foundation in matters related to the Universityrsquos marketing branding and other communications strategies to the extent that they are relevant to the Foundationrsquos mission of supporting the University

22 As set forth in a SOW entered into between the parties from time to time the Foundation

will use its best efforts to increase total voluntary support (gifts raised by the Foundation the UConn Law School Foundation and the University (including non-governmental philanthropic research grants)) the Foundation will strengthen its principal major planned and corporate and foundation giving programs and the Foundation will also use its best efforts to enhance prospect identification alumni participation rates donor retention rates and volunteer engagement

30 Acceptance and Stewardship of Gifts 31 The Foundation will in its discretion establish and maintain gift acceptance policies The

Foundation shall make its best efforts to ensure that any monies received by the Foundation and defined in CONN GEN STAT sect 4-37g as ldquofunds for deposit and retention in state accountsrdquo are transferred to the University in a timely manner The University and Foundation will jointly develop and maintain guidelines for determining the proper deposit of funds

32 The Foundation will provide receipts and acknowledgments as required by the Code for

all private gifts made for the benefit of the University including gifts that will be assets of the University

33 The Foundation will be responsible for coordinating University and Foundation activities

related to thanking acknowledging and stewarding donors The University will assist the Foundation in such activity by without limitation providing to the Foundation upon request appropriate information on the use of charitable funds by the University

34 The Foundation owns a private home located at 61 Scarborough Street in Hartford

Connecticut (ldquoFoundation Houserdquo) The primary purpose of Foundation House is to advance the mission of the Foundation in support of the University by supporting fundraising stewardship and engagement activities For so long as the Foundation chooses to own Foundation House it may be made available by the Foundation in its discretion to the University in support of University business under the terms of a separate agreement between the parties establishing terms and conditions for Foundation Housersquos use

35 As appropriate and in the best interest of the University the Foundation in its discretion

and in consultation with University Communications will be responsible for arranging

5

press conferences releases print web radio and television communications to acknowledge significant gifts to all University schools colleges departments and units

40 Investment of Funds 41 The University and the Foundation entered a separate Endowment Management

Agreement dated April 28 1996 authorizing the Foundation to manage endowed funds donated directly to the University as the Universityrsquos agent This Agreement replaces and supersedes the Endowment Management Agreement in its entirety The University designates the Foundation as the investment manager of all University endowment and quasi-endowment fund assets The Foundation will in its sole discretion maintain and modify investment and spending policies for such University endowment fund assets and for all Foundation assets (both endowed and non-endowed) that adhere to applicable federal and state laws including the Uniform Prudent Investor Act (CONN GEN STATsect 45-541 et seq) and the Uniform Prudent Management of Institutional Funds Act (CONN GEN STAT sect 45a-535 et seq) The Foundation as agent for the University in managing University endowment fund assets shall also have the following powers (a) To invest and re-invest the University endowment assets in such securities and

property as are from time to time legal investments for the Foundation

(b) To purchase manage and sell property

(c) To exercise all conversion and subscription rights pertaining to any property

(d) To exercise all voting rights with respect to any investment and to grant proxies discretionary or otherwise

(e) To cause any investments to be registered and held in the name of one or more of

its nominees or one or more nominees of any system for the central handling of securities without increase or decrease of liability

(f) To collect and receive any and all money and other property due to the University

endowment assets and to give full discharge therefore

(g) To commence or defend suits or legal proceedings to protect any interest of the University endowment assets and to represent the University endowment assets in all suits or legal proceedings in any court or before any other body or tribunal except that to the extent the interests of the University are implicated in any such suit or proceeding the Office of the Universityrsquos General Counsel and the Office of the Attorney General shall be notified of such suit or proceeding and shall provide legal representation to the University in connection therewith

(h) To employ agents and depositories to delegate to them discretionary powers to

compensate them for their services and to reimburse their reasonable expenses and

6

(i) Generally to do all acts whether or not expressly authorized which the

Foundation may deem necessary or desirable for the protection of the University endowment assets

42 The Foundationrsquos current endowment investment and spending policies aim to preserve

intergenerational equity (purchasing power) and provide a relatively stable spending stream to meet the needs of the University and comply with donor intent The Foundation will in its discretion establish and achieve a reasonable endowment benchmark rate of return based on prudent levels of risk targeted spending and an inflation factor calculated over a relevant rolling period Such returns may also be benchmarked in the Foundationrsquos discretion for a risk adjusted return defined by strategic asset allocation policy long-term targets using measurable market and manager benchmarks Specific benchmarks may be identified in a SOW

43 The Foundationrsquos current non-endowed investment policy aims to provide sufficient

liquidity and preserve capital for University needs Specific benchmarks may be identified in a SOW

44 The Foundation also agrees that it will act as the Universityrsquos agent for gifts of securities

or other non-cash gifts that are donated to the University with the intention to be liquidated

45 The Foundation will maintain such reasonable operating reserve as it determines

appropriate to ensure continuity of its business operations in periods of economic uncertainty

50 Expenditure of Funds 51 The University will use its best efforts to ensure that all available Foundation funds are

timely utilized in accordance with donor intent The Foundation will only approve disbursement requests received from the University that are properly authorized and in compliance with Foundation disbursement policies which may include without limitation requirements that the request complies with all donor imposed restrictions on the fund supports the Universityrsquos mission and programs represents a reasonable legitimate and armrsquos length business transaction is properly authorized in the context of CONN GEN STAT sect 4-37e et seq and is compliant with all state laws applicable to University employees

52 Annually the President of the University shall certify to the Foundation a list (which

shall be updated as changes occur) of University employees who are authorized to request disbursements from the Foundation (ldquoAuthorized Officialsrdquo) Requests for disbursements by the Foundation from an Authorized Official shall constitute a representation and certification by the Authorized Official that the disbursement is being made in accordance with University policies and procedures

7

53 Requests for disbursement from the Foundation for the benefit of University employees or officers for any salary fee fringe benefit loan or other compensation item (collectively ldquoCompensation Itemsrdquo) must be approved by the University President or his or her delegate and paid by the Foundation in accordance with CONN GEN STAT sect 4-37i and the Universityrsquos Policy Regarding Financial Transactions with the Foundation adopted by the University Board of Trustees and as amended from time to time (ldquoUniversityrsquos Policy Regarding Financial Transactions with the Foundationrdquo) which defines the proper use of the Foundationrsquos fiscal services Requests for disbursement from the Foundation for the benefit of the University President for any Compensation Item due him or her must be approved by the Chairman of the University Board of Trustees in accordance with CONN GEN STAT sect 4-37i and the Universityrsquos Policy Regarding Financial Transactions with the Foundation

54 The Foundation agrees to provide to the University on a semi-annual basis a summary

of all fund balances held for the benefit of the University disbursements provided to the University and expenditures made on behalf of the University to third parties during the preceding six months

55 In order to assist the University in its reporting responsibilities the Foundation agrees to

report annually to the University Controller all fixed asset expenditures made on behalf of the University

60 Alumni Relations Activities

61 Roles and Responsibilities The University and the Foundation recognize that alumni are

key stakeholders of the University who provide valuable perspective to University leaders and are a source of significant support for the Universityrsquos goals The Foundation will use its best efforts to foster the continued connection between the University and its alumni and cultivate and steward alumni relationships for the University by organizing programs activities and communications that are in the best interests of the University and in furtherance of the goals and objectives as may be set forth in a SOW entered into between the parties from time to time

62 Alumni Center The University and the Foundation acknowledge the importance of and agree to work in good faith to have and maintain a center for alumni on the Universityrsquos Storrs campus The location of and manner in which such center will be used and maintained by the University and the Foundation are set forth in a separate Lease Agreement effective as of October 22 2015 which documents the terms and conditions for the Foundationrsquos use of the center

63 Affinity Relationships The University acknowledges that the Foundationrsquos performance of alumni relations activities may be supported in part by affinity programs (including but not limited to alumni insurance and credit card programs) and corporate sponsorships mutually acceptable to the University and the Foundation The University agrees to consider in good faith use of the Universityrsquos name logo seal and other marks in

8

connection with such affinity programs and corporate sponsorships which such use will be subject to the prior review and written approval of the University (a) The University agrees that no other University school college department or unit will be authorized to offer an affinity insurance or credit card program without the consent of the Foundation (b) The Foundation will be responsible for operating the University license plate program offered through the State of Connecticut Department of Motor Vehicles and will in its sole discretion determine the purpose and use of any revenue generated by the program

64 Trustee Elections In furtherance of the Universityrsquos Board of Trusteesrsquo designation of

the Foundation as the ldquoalumni associationrdquo of the University for purposes of participating in elections of University graduates to the Universitys Board of Trustees pursuant to Connecticut General Statutes sect 10a-103 the Foundation will in coordination with the University perform the duties and exercise the powers as are set forth in Connecticut General Statutes sect 10a-103 The University will be responsible for payment of any expenses associated with the production and mailing of ballots required to conduct the election

70 Compensation for Foundation Services 71 In consideration for the Foundationrsquos fundraising investment management alumni

relations and other related services described herein the University will provide the following compensation

(a) Service Fee The University will provide a payment to support the Foundationrsquos

general operations as agreed upon in a SOW (b) Endowment Administrative Fee The Foundation may assess an endowment

administrative fee on Foundation endowment and University endowment funds as determined in the Foundationrsquos discretion The current rate for such fees will be provided in a SOW

(c) Gift Fees The Foundation in its discretion may assess gift fees on new gifts

received The current rate for such fees will be provided in a SOW (d) Retained Earnings The Foundation will retain all investment earnings on non-

endowed funds

(e) Foundation Funds University schools colleges departments and units that are authorized to expend Foundation funds may with the agreement of the Foundation designate such Foundation funds to support Foundation operating expenses supporting the school college department or unit

9

72 The University will also provide the following in-kind support without fee charge or reimbursement

(a) Alumni Lists The University agrees to provide an electronic interface to enable

the Foundation to extract on a regular basis and in an automated fashion exclusively for the purpose of enabling the Foundation to achieve its mission which mission may require without limitation the release of such information to third parties the following (1) student directory information pertaining to current and past University students consistent with its established Family Educational Rights and Privacy Act of 1974 (20 USC sect1232g 34 CFR Part 99) (ldquoFERPArdquo) policy (2) demographic information and protected health information pertaining to current and past patients of the Universityrsquos Health Center (ldquoPatient Informationrdquo) consistent with the Health Insurance Portability and Accountability Act (ldquoHIPAArdquo) of 1996 and related rules and regulations related to institutionally related foundations as amended from time to time (3) University employee names and campus contact information consistent with University personnel policies (4) University studentsrsquo parentsrsquo contact information exclusive of any parents who have opted out of providing such information for Foundation purposes

(b) Computer Network amp Telecommunications Infrastructure The University will

provide to the Foundation standard University network and telecommunications infrastructure including but not limited to networking internet access (including band width) and server rack space and power in the same manner as are provided to University schools colleges departments and units The Foundation and University acknowledge and agree that the Foundation may be assessed fees or charges by the University for services other than the standard infrastructure described above but that such fees or charges will not exceed the rates paid for such services in accordance with University policy by University schools colleges departments and units

(c) Event Planning The University will provide standard University Event services

to the Foundation to assist in its fundraising and stewardship efforts (d) Facilities Employees of the Foundation will have the same privileges for parking

and the use of University facilities as similarly situated employees of the University Facilities include but are not limited to recreational and library facilities The University will provide office space furniture printers photocopiers telephone service storage space and utilities used by Foundation employees assigned to fundraise for and physically work in the Universityrsquos schools colleges departments and units The Foundation agrees that it will advise Foundation employees against the misuse or abuse of state equipment including the prohibition against the use of state equipment for personal purposes and require employees to report any misuse of which they become aware

10

Pursuant to a Land Lease dated November 1 1998 the University leased land located at 2390 Alumni Drive Storrs Connecticut to the Foundation for the purpose of constructing the Foundationrsquos main office building which is owned and operated by the Foundation The Land Lease remains in effect in accordance with its terms The University and the Foundation may enter into separate agreements from time to time providing for maintenance landscaping and similar services to be provided by the University for the Foundationrsquos main office building

(e) University Personnel The University agrees to allow the Foundation to utilize

University employees for the Foundationrsquos fundraising and alumni relations activities without additional compensation or reimbursement from the Foundation (except that out of pocket business expenses incurred thereby may be reimbursed by the Foundation in accordance with its policies) including without limitation the President Provost Assistant and Associate Vice Provosts Executive Vice Presidents Vice Presidents Associate Vice Presidents Deans Director of Athletics Directors Associate Directors Department Heads faculty and support staff The University also agrees that the Foundation is allowed to utilize University employees (including those of the University Health Center) presently employed in positions that are primarily fundraising and alumni relations positions for the Foundationrsquos fundraising and alumni relations provided that in the event the incumbents in such primarily fundraising and alumni relations positions are no longer employed in such positions by the University and the Foundation chooses to hire a new employee to perform the Foundation-related duties of this position the new hire will be a Foundation employee subject to restrictions imposed by any applicable collective bargaining agreement

(f) Mail Services To the extent that it can do so consistent with US Postal Service

statutes and regulations the Foundation may use the Universitys mail system (g) Intellectual Property The University agrees that the Foundation may in

connection with its lawful business and activities use the name of the University as well as the Universityrsquos logo seal and other marks consistent with University restrictions applicable to University departments provided that any use of the Universityrsquos name logo seal and other marks in connection with affinity programs and corporate sponsorships is subject to Section 63 hereof and as provided therein will be subject to the Universityrsquos prior review and written approval

73 Except as otherwise provided herein or agreed to by the parties the Foundation will

reimburse the University for expenses the University incurs as a result of Foundation operations if the University would not have otherwise incurred such expenses including without limitation expenses related to the maintenance and operation of the Foundationrsquos facilities The Foundation may in its discretion and subject to its policies make its facilities available to University schools colleges departments and units (and organizations which are affiliated with the University and which support the furtherance

11

of the Universityrsquos purpose) for events and programs primarily related to fundraising alumni relations activities and other meetings The Foundation may charge any fees for such usage directly to the relevant school college department unit or organization

80 Ownership and Management of Records 81 The Foundation will maintain appropriate financial and business records related to

fundraising investment and other Foundation operations in a prudent manner This will include without limitation a comprehensive secure state-of-the art electronic prospect management system and donor database for which the Foundation will establish and maintain data integrity standards

82 The University acknowledges and agrees that it does not have any ownership rights with

respect to any Foundation information records documents or other materials provided to the University including but not limited to donor records gift records financial records or other Foundation business information which may have been derived from or related to information initially provided to the Foundation by the University Any such Foundation information records documents or other materials including without limitation those maintained by the University will not be deemed public records and shall not be subject to disclosure pursuant to CONN GEN STAT sect 1-210 The Foundation will establish and enforce policies to protect the confidentiality of its records to the fullest extent allowable by law

83 The Foundation may release information to third-parties exclusively for the purpose of

accomplishing its mission provided that any such release is consistent with Foundation policies and applicable provisions of law including without limitation the applicable provisions of FERPA and HIPAA

84 Without limiting the foregoing the Foundation agrees (1) to enter into a data use and

confidentiality agreement with any third-parties that will receive Patient Information requiring such third-parties to hold such Patient Information confidential and to implement safeguards against further disclosure in a manner consistent with HIPAA or (2) to allow the University to enter into a business associate agreement with such third-parties and permit the University (including the University Health Center) to provide such Patient Information to such third-parties directly The Foundation agrees that it will include in any fundraising materials sent using Patient Information a description in accordance with HIPAA of how individuals may opt-out of receiving further fundraising communications The Foundation also agrees to honor opt-out requests received The Foundation agrees to maintain any Patient Information received from the University in a manner consistent with the requirements of 45 CFR Parts 160 and 164 (the ldquoHIPAA Privacy Rulerdquo) pertaining to institutionally related foundations The Foundation agrees to establish processes and procedures sufficient to limit access to such Patient Information to Foundation personnel with a need to access such information The University through the University Health Centerrsquos Privacy and Security Offices agrees to periodically offer and provide at no cost to the Foundation training to Foundation personnel on the HIPAA Privacy Rule and its implications for institutionally related foundations and the

12

Foundation will require Foundation personnel who will have access to Patient Information to attend such HIPAA training

85 The Foundation agrees not to share or disclose information with third parties in a manner

inconsistent with this Agreement unless required to do so by law or other agency regulations

86 The Foundation is aware of and supports the Universityrsquos Identity Theft Prevention

Program as approved by the Universityrsquos Board of Trustees The Foundation agrees to report any violations of the Universityrsquos Identity Theft Prevention Program which it becomes aware of to the Universityrsquos Audit and Management Advisory Services (AMAS) Office or University Compliance Office as soon as possible

90 Audits and Legal Advice 91 The Foundation shall be responsible for retaining and compensating the independent

auditing firm required by CONN GEN STAT sect4-37f(8) The audit report shall include financial statements a management letter and an audit opinion which address the conformance of the operating procedures of the Foundation with the provisions of sections 4-37e to 4-37i (including without limitation whether funds for deposit and retention in state accounts have been deposited and retained in Foundation accounts in violation of section 4-37g) and recommend any corrective actions needed to ensure such conformance

92 The Foundation will permit the Universityrsquos AMAS office to conduct if it so chooses

an annual examination of Foundation disbursements for compliance with the Universityrsquos Policy Regarding Financial Transactions with the Foundation The Foundation will also permit AMAS to conduct if it so chooses a post-deposit review of any gift including reviewing checks gifts agreements and other supporting documentation for compliance with CONN GEN STAT sect 4-37e et seq and the policy concerning the University Role and Review of Foundation Deposit of Funds approved by the University and Foundation as of August 2006 as amended from time to time

93 The Foundation shall provide a copy of each audit report completed pursuant to CONN

GEN STAT sect 4-37f(8) to the President of the University 94 The Foundation shall have its own legal counsel and shall be responsible for all costs for

Foundation legal services 100 Non-discrimination and Executive Orders

101 (a) For purposes of this Section the following terms are defined as follows i ldquoCommissionrdquo means the Commission on Human Rights and Opportunities

ii ldquoContractrdquo and ldquocontractrdquo include any extension or modification of the Contract or contract

13

iii ldquoContractorrdquo and ldquocontractorrdquo include any successors or assigns of the Contractor or contractor iv ldquoGender identity or expressionrdquo means a personrsquos gender-related identity appearance or behavior whether or not that gender-related identity appearance or behavior is different from that traditionally associated with the personrsquos physiology or assigned sex at birth which gender-related identity can be shown by providing evidence including but not limited to medical history care or treatment of the gender-related identity consistent and uniform assertion of the gender-related identity or any other evidence that the gender-related identity is sincerely held part of a personrsquos core identity or not being asserted for an improper purpose v ldquogood faithrdquo means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations vi ldquogood faith effortsrdquo shall include but not be limited to those reasonable initial efforts necessary to comply with statutory or regulatory requirements and additional or substituted efforts when it is determined that such initial efforts will not be sufficient to comply with such requirements vii ldquomarital statusrdquo means being single married as recognized by the State of Connecticut widowed separated or divorced viii ldquomental disabilityrdquo means one or more mental disorders as defined in the most recent edition of the American Psychiatric Associationrsquos ldquoDiagnostic and Statistical Manual of Mental Disordersrdquo or a record of or regarding a person as having one or more such disorders ix ldquominority business enterpriserdquo means any small contractor or supplier of materials fifty-one percent or more of the capital stock if any or assets of which is owned by a person or persons (1) who are active in the daily affairs of the enterprise (2) who have the power to direct the management and policies of the enterprise and (3) who are members of a minority as such term is defined in subsection (a) of Conn Gen Stat sect 32-9n and x ldquopublic works contractrdquo means any agreement between any individual firm or corporation and the State or any political subdivision of the State other than a municipality for construction rehabilitation conversion extension demolition or repair of a public building highway or other changes or improvements in real property or which is financed in whole or in part by the State including but not limited to matching expenditures grants loans insurance or guarantees

For purposes of this Section the terms ldquoContractrdquo and ldquocontractrdquo do not include a contract where each contractor is (1) a political subdivision of the state including but not limited to a municipality unless the contract is a municipal public works contract or quasi-public agency project contract (2) any other state including but not limited to any federally recognized Indian tribal governments as defined in Conn Gen Stat sect 1-267 (3) the federal government (4) a foreign government or (5) an agency of a subdivision agency state or government described in the immediately preceding enumerated items (1) (2) (3) or (4) (b) (1) The Contractor agrees and warrants that in the performance of the Contract such Contractor will not discriminate or permit discrimination against any person or

14

group of persons on the grounds of race color religious creed age marital status national origin ancestry sex gender identity or expression status of a veteran intellectual disability mental disability or physical disability including but not limited to blindness unless it is shown by such Contractor that such disability prevents performance of the work involved in any manner prohibited by the laws of the United States or of the State of Connecticut and the Contractor further agrees to take affirmative action to ensure that applicants with job-related qualifications are employed and that employees are treated when employed without regard to their race color religious creed age marital status national origin ancestry sex gender identity or expression status of a veteran intellectual disability mental disability or physical disability including but not limited to blindness unless it is shown by the Contractor that such disability prevents performance of the work involved (2) the Contractor agrees in all solicitations or advertisements for employees placed by or on behalf of the Contractor to state that it is an ldquoaffirmative action equal opportunity employerrdquo in accordance with regulations adopted by the Commission (3) the Contractor agrees to provide each labor union or representative of workers with which the Contractor has a collective bargaining Agreement or other contract or understanding and each vendor with which the Contractor has a contract or understanding a notice to be provided by the Commission advising the labor union or workersrsquo representative of the Contractorrsquos commitments under this section and to post copies of the notice in conspicuous places available to employees and applicants for employment (4) the Contractor agrees to comply with each provision of this Section and Conn Gen Stat sectsect 46a-68e and 46a-68f and with each regulation or relevant order issued by said Commission pursuant to Conn Gen Stat sectsect 46a-56 46a-68e 46a-68f and 46a-86 and (5) the Contractor agrees to provide the Commission on Human Rights and Opportunities with such information requested by the Commission and permit access to pertinent books records and accounts concerning the employment practices and procedures of the Contractor as relate to the provisions of this Section and Conn Gen Stat sect 46a-56 If the contract is a public works contract municipal public works contract or contract for a quasi-public agency project the Contractor agrees and warrants that he or she will make good faith efforts to employ minority business enterprises as subcontractors and suppliers of materials on such public works or quasi-public agency projects (c) Determination of the Contractorrsquos good faith efforts shall include but shall not be limited to the following factors The Contractorrsquos employment and subcontracting policies patterns and practices affirmative advertising recruitment and training technical assistance activities and such other reasonable activities or efforts as the Commission may prescribe that are designed to ensure the participation of minority business enterprises in public works projects (d) The Contractor shall develop and maintain adequate documentation in a manner prescribed by the Commission of its good faith efforts (e) The Contractor shall include the provisions of subsection (b) of this Section in every subcontract or purchase order entered into in order to fulfill any obligation of a

15

contract with the State and in every subcontract entered into in order to fulfill any obligation of a municipal public works contract for a quasi-public agency project and such provisions shall be binding on a subcontractor vendor or manufacturer unless exempted by regulations or orders of the Commission The Contractor shall take such action with respect to any such subcontract or purchase order as the Commission may direct as a means of enforcing such provisions including sanctions for noncompliance in accordance with Conn Gen Stat sect 46a-56 as amended provided if such Contractor becomes involved in or is threatened with litigation with a subcontractor or vendor as a result of such direction by the Commission regarding a State contract the Contractor may request the State of Connecticut to enter into any such litigation or negotiation prior thereto to protect the interests of the State and the State may so enter

(f) The Contractor agrees to comply with the regulations referred to in this Section as they exist on the date of this Contract and as they may be adopted or amended from time to time during the term of this Contract and any amendments thereto

(g) (1) The Contractor agrees and warrants that in the performance of the Contract such Contractor will not discriminate or permit discrimination against any person or group of persons on the grounds of sexual orientation in any manner prohibited by the laws of the United States or the State of Connecticut and that employees are treated when employed without regard to their sexual orientation (2) the Contractor agrees to provide each labor union or representative of workers with which such Contractor has a collective bargaining Agreement or other contract or understanding and each vendor with which such Contractor has a contract or understanding a notice to be provided by the Commission on Human Rights and Opportunities advising the labor union or workersrsquo representative of the Contractorrsquos commitments under this section and to post copies of the notice in conspicuous places available to employees and applicants for employment (3) the Contractor agrees to comply with each provision of this section and with each regulation or relevant order issued by said Commission pursuant to Conn Gen Stat sect 46a-56 and (4) the Contractor agrees to provide the Commission on Human Rights and Opportunities with such information requested by the Commission and permit access to pertinent books records and accounts concerning the employment practices and procedures of the Contractor which relate to the provisions of this Section and Conn Gen Stat sect 46a-56 (h) The Contractor shall include the provisions of the foregoing paragraph in every subcontract or purchase order entered into in order to fulfill any obligation of a contract with the State and such provisions shall be binding on a subcontractor vendor or manufacturer unless exempted by regulations or orders of the Commission The Contractor shall take such action with respect to any such subcontract or purchase order as the Commission may direct as a means of enforcing such provisions including sanctions for noncompliance in accordance with Conn Gen Stat sect 46a-56 as amended provided if such Contractor becomes involved in or is threatened with litigation with a subcontractor or vendor as a result of such direction by the Commission regarding a State contract the Contractor may request the State of

16

Connecticut to enter into any such litigation or negotiation prior thereto to protect the interests of the State and the State may so enter

102 This Agreement is subject to the provisions of Executive Order No Three of Governor

Thomas J Meskill promulgated June 16 1971 concerning labor employment practices Executive Order No Seventeen of Governor Thomas J Meskill promulgated February 15 1973 concerning the listing of employment openings and Executive Order No Sixteen of Governor John G Rowland promulgated August 4 1999 concerning violence in the workplace all of which are incorporated into and are made a part of the Agreement as if they had been fully set forth in it The Agreement may also be subject to Executive Order No 14 of Governor M Jodi Rell promulgated April 172006 concerning procurement of cleaning products and services and to Executive Order No 49 of Governor Dannel P Malloy promulgated May 22 2015 mandating disclosure of certain gifts to public employees and contributions to certain candidates for office If Executive Order 14 andor Executive Order 49 are applicable they are deemed to be incorporated into and are made a part of the Agreement as if they had been fully set forth in it

110 General 111 The Foundation may in its discretion enter into written agreements for such purposes as

it determines necessary or appropriate with other University affiliates including without limitation UConn Nation Proud as separate tax-exempt 501(c)(4) organization organized by University volunteers to promote the impact the University of Connecticut and its students faculty staff and organizations have on the well-being of the residents culture and economy of the state of Connecticut

112 This Agreement may be amended from time to time at the request of either party Any

such amendment shall be set forth in writing by the parties and shall require the approval of both governing boards and approval as to form by the Office of the Attorney General

113 This Agreement is governed by the laws of the State of Connecticut 114 No right or duty in whole or in part of either party to this agreement may be assigned or

delegated without the prior written consent of the other party 115 The term of this Agreement shall commence on July 1 2020 subject to approval as to

form by the Office of the Attorney General and shall continue for a period of five years (5) years The term of this Agreement may be extended for an additional period of time with the mutual written agreement of the parties This Agreement may be terminated by either party upon one yearrsquos prior written notice Upon any expiration or termination of this Agreement or if the Foundation ceases to exist or ceases to be a foundation as defined in CONN GEN STAT sect 4-37e(2) then (a) the Foundation shall be prohibited from using the name of the University (b) the records of the Foundation or copies of such records shall be made available to and may be retained by the University provided any such records or copies which are retained by the University shall not be deemed to be

17

public records and shall not be subject to disclosure pursuant to the provisions of CONN GEN STAT sect 1-210 and (c) the Foundationrsquos Board of Directors will in consultation with the University dispose of the Foundationrsquos assets consistent with the Foundationrsquos certificate of incorporation its bylaws state and federal laws and such restrictions as may have been imposed by donors

FOR THE UNIVERSITY OF CONNECTICUT _________________________ __________________ Thomas C Katsouleas Date President University of Connecticut _________________________ __________________ Scott A Jordan Date Executive Vice President for Administration and Chief Financial Officer University of Connecticut FOR THE UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED _________________________ __________________ John P Malfettone Date Chair The University of Connecticut Foundation Incorporated _________________________ __________________ Scott M Roberts Date President The University of Connecticut Foundation Incorporated APPROVED AS TO FORM _________________________ __________________ By Date Associate Attorney General Connecticut State Attorney Generalrsquos Office

1

Approved by UConn Foundation Board on 6-4-20

Statement of Work FY21 This Statement of Work FY21 (this ldquoSOWrdquo) effective the 1st day of July 2020 is made between THE UNIVERSITY OF CONNECTICUT (ldquoUniversityrdquo) Connecticutrsquos land grant university whose statutory authority is set forth in Chapter 185b of the Connecticut General Statutes and THE UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED (ldquoFoundationrdquo) a Connecticut nonstock corporation that is exempt from taxation under 501(c)(3) of the Internal Revenue Code of 1986 as amended

The University and the Foundation have entered into a Second Amended and Restated Master Agreement dated July 1 2020 (the ldquoAgreementrdquo) under which the Foundation has responsibility for fundraising efforts for the benefit of the University management of endowment and other funds designated to benefit the University and for performing alumni relations activities in support of the University The Agreement stipulates that the University and Foundation will from time to time but in no event less frequently than once every five (5) years enter into statements of work which outline the specific fundraising investment management and alumni relations activities goals and objectives that the University and Foundation have agreed upon and the consideration to be provided to the Foundation each fiscal year This SOW covers the period July 1 2020 through June 30 2021 (ldquoPeriodrdquo) 1 Payments The University agreed to provide certain in-kind consideration to the Foundation for its services under the terms of the Agreement In addition to agreeing to provide such in-kind consideration the University further agrees to provide the following consideration to the Foundation for the Period a) Service Fee The University will pay a guaranteed amount to the Foundation of Twelve Million One Hundred

Fifty Thousand Two Hundred and One Dollars ($12150201) during the Period for development and alumni activities and related services which payment will be made quarterly in advance in equal installments during the Period

b) Other Fees The University agrees that Foundation operations will also be funded by an advancement fee (formerly referred to as an ldquoendowment administrative feerdquo) and a gift fee on contributions and earnings on non-endowed Foundation assets

1) The Foundation will assess and retain an advancement fee as reasonably determined by the Foundation

on all endowment assets (University and Foundation assets) invested by the Foundation The Foundationrsquos advancement fee is calculated annually on quarterly (ldquoCalculation Daterdquo) and presently equals one and three-quarter percent (175) of the rolling prior twelve (12) quarter average unitized market value of the long-term pooled investment portfolio multiplied by the number of units held by each endowed fund The Foundation from time to time may change the advancement fee and will notify the University in writing of any changes to the administrative fee made during the Period The advancement fee owing to the Foundation will be transferred to Foundation operating funds in four equal installments as of the first day of each quarter following the Calculation Date (April 1st July 1st October 1st and January 1st)

2) The Foundation will assess and retain gift fees on all non-endowed gifts deposited in the Foundation as reasonably determined by the Foundation The Foundationrsquos gift fee for non-endowed gifts is presently five percent (5) of the value of the gift as of the date of receipt Twenty-five percent (25) of any non-endowed gift fee (or 125) may be transferred to Foundation operating accounts supporting the school college or unit supported by the fund to which the original gift was designated The remaining seventy-five percent (75) of any non-endowed gift fees (375) is retained by the Foundation to support its

2

operations The Foundation from time to time may change the gift fees and will notify the University in writing of any changes to the gift fees made during the Period

3) The Foundation will retain all investment earnings on non-endowed Foundation assets

2 Foundation Mission The Foundation is an independent not-for-profit tax-exempt organization operating exclusively to promote the educational scientific cultural research and recreational objectives of the University of Connecticut (inclusive of the Universityrsquos Health Center) This is accomplished by providing quality programs and services for its alumni and supporters and by serving as the primary fundraising vehicle for the University The Foundation solicits administers and invests private funds for the sole benefit of the University and its mission of pursuing excellence in teaching research and public service 3 Fundraising and Alumni Engagement Goals and Benchmarks In consideration of the compensation provided to Foundation by the University under the terms of the Agreement and this SOW the Foundation consistent with its mission agrees as follows The Foundation will continue its efforts to increase total private gift revenue toward an annual target of ninety million dollars ($90M) in new gifts and commitments for the University (inclusive of support for the UConn Health Center) in the Period such amount to be calculated in accordance with the Foundationrsquos reasonably established gift counting policy as amended from time to time The parties acknowledge and understand that achieving this target may be significantly negatively impacted by the COVID-19 pandemic and its global economic impact The Foundation will use its best efforts to reach the fundraising target by implementing annual strategies that will include a) Increase donor engagement

1) Utilize the University President Provost Deans and Program Directors in strategic donor outreach at the six-

figure level and above 2) Engage the UConn Board of Trustees UConn Foundation Board of Directors and the UConn Health Center

Board of Directors cultivation solicitation and stewardship of major and principal gift prospects 3) Continue to focus on building customized engagement strategies for principal gift donors and prospects

understanding this group will have a disproportionate impact on the ability to reach and exceed goals 4) Increase contact and deepen engagement of donors and prospects at the $50K+ rated level through more

efficient deployment of appropriate numbers of full-time frontline fundraisers effectively utilizing prospect research and screening data to drive activity

5) Facilitate stronger collaboration in donor strategy working across the Foundation and the University using prospect management meetings to review and discuss the status of top donor strategies and package comprehensive proposals Engage Deans and directors in strategy discussions and direct implementation of fundraising Increase engagement of University President and Provost with key University stakeholders

6) Continue to focus on increasing overall alumni and donor count using business intelligence 7) Build on ongoing planning activities (eg constituent data analysis staffing analysis and technology

enhancements) for a significant and concerted fundraising effort for the benefit of the University (ldquoCampaignrdquo) Work with the Foundationrsquos chosen campaign consultant the Deans and appropriate University administration to build campaign themes organize them around University priorities and deliver a compelling campaign case statement It is understood and agreed by the parties that the decision to pursue a Campaign the amount of funds to be raised priorities to be funded and timing of such Campaign is to be mutually agreed upon by the parties in consideration of relevant operational and economic factors including without limitation the COVID-19 pandemic and its global economic impact

b) Increase alumni engagement

3

1) Strengthen lifelong bonds between all members of the UConn family by inspiring pride and providing

quality programs and services which enhance the engagement of the diverse University community 2) Develop metrics for use in tracking success of alumni programs defining strategic areas of focus and

conducting personal visits 3) Engage University alumni and Huskies everywhere by tailoring efforts to their geographic location

University experience and life stage 4) Cultivate students as future alumni with an enduring commitment to the UConn network and the

University 5) Execute outreach and engagement strategies to promote the value of philanthropy and increase

constituent giving 6) Develop an exemplary alumni organization respected for its energy expertise effectiveness and

innovation

c) Align fundraising with University priorities

1) Continue to focus fundraising activities around supporting need-based financial aid with particular focus on the Universityrsquos Connecticut Commitment which applies to in-state students who demonstrate significant need Use reasonable efforts to raise gifts and commitments for student support including but not limited to scholarships assistantships fellowships awards and prizes that equal not less than fifteen percent (15) of the total amount of all gifts and commitments raised during the Period

2) Expand comprehensive grateful patient program through work with identified physician champions and patient rounding with nurse managers

3) Maintain an emphasis on endowment fundraising to provide sustaining support of the University 4) Support University as well as School and College fundraising priorities

d) Enhance external and internal communications

1) Help educate the University community about the important role of cultivating and stewarding private

support 2) Continue to develop fundraising focused material related to strategic priorities of the University 3) Align event marketing strategy with alumni goals to increase participation and attendance 4) Coordinate communications to alumni donors and friends with the University 5) Work with UConn Nation Proud (a separate 501(c)(4) organization established by University volunteers to

promote the impact the University of Connecticut and its students faculty staff and organizations have on the well-being of the residents culture and economy of the state of Connecticut) to educate the general-public including lawmakers and community leaders regarding the important roles of the UConn Foundation and University

e) Increase operational efficiencies

1) Strengthen stewardship for donors at various levels including $1K or more annual donors as well as

lifetime donors of $100K or more 2) Increase regional development program outreach to strengthen engagement and support from alumni and

other constituents nationally 3) Optimize staffing and increase investment in staff training to develop high performing Foundation

operation 4) Align our endowed faculty minimum gift guidelines with national peers and best practices

4 Investment Benchmarks The Foundation in its discretion will establish appropriate investment benchmarks for assets invested for the benefit of the University both those owned by the Foundation and those owned by the University The Foundation will

4

provide to the Universityrsquos President and Executive Vice President for Administration and Chief Financial Officer a summary report of its investment risk and return benchmarks during the Period The Foundation will use reasonable efforts to maintain the following benchmarks during the Period a) The target return on Foundation investments will be five- and three-quarter percent (575) plus inflation b) Volatility is expected to be consistent with the risk associated with exceeding the return of the portfolio

benchmark noted above calculated as the weighted average performance of the asset class benchmarks defined in the Foundationrsquos Investment Policy Statement

c) Risk is expected to be measured by the annualized standard deviation of returns over a market cycle of seven to ten years

5 State Contract Requirements

The state contracting requirements set forth in Section 10 of the Agreement are incorporated herein by reference to the extent necessary 6 Amendment This SOW may be modified or amended in whole or in part by mutual written agreement signed by duly authorized representatives of each of the parties

7 Governing Law

This SOW is governed by the laws of the State of Connecticut If there shall be any inconsistency between the provisions of this SOW and the Agreement the provisions of the Agreement shall control FOR THE UNIVERSITY OF CONNECTICUT _________________________ __________________ Thomas C Katsouleas PhD Date President University of Connecticut _________________________ __________________ Scott A Jordan Date Executive Vice President for Administration and Chief Financial Officer University of Connecticut FOR THE UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED _________________________ __________________ John P Malfettone Date Chair The University of Connecticut Foundation Incorporated _________________________ __________________ Scott M Roberts Date President The University of Connecticut

5

Foundation Incorporated APPROVED AS TO FORM _________________________ __________________ Associate Attorney General Date Connecticut State Attorney Generalrsquos Office

ATTACHMENT 4

Office of the Executive Vice President for Administration and Chief Financial Officer 352 MANSFIELD ROAD UNIT 1122 STORRS CT 06269-1122 PHONE 8604863455 FAX 8604861070 wwwevpacfouconnedu An Equal Opportunity Employer

June 24 2020 TO Members of the Board of Trustees FROM Scott A Jordan Executive Vice President for Administration and Chief Financial Officer

Carl W Lejuez PhD Provost and Executive Vice President for Academic Affairs

RE Twenty-Seventh Supplemental Indenture Authorizing University of

Connecticut General Obligation Bonds RECOMMENDATION That the Board of Trustees approves the Twenty-seventh Supplemental Indenture substantially in the form attached hereto authorizing University of Connecticut General Obligation Bonds secured by the State of Connecticutrsquos (the ldquoStaterdquo) Debt Service Commitment in an amount not to exceed $260000000 plus costs of issuance plus amounts carried forward from the Twenty-sixth Supplemental Indenture BACKGROUND The University of Connecticutrsquos (the ldquoUniversityrdquo) General Obligation Bonds authorized by the UCONN 2000 Act (Sections 10a-109a to 10a-109y inclusive of the Connecticut General Statutes as amended) are secured by a Master Indenture of Trust by and between the University and US Bank National Association dated as of November 1 1995 as amended (the ldquoMaster Indenturerdquo) which provides that each new issue of bonds be issued pursuant to a supplemental indenture For bonds secured by the State Debt Service Commitment the law sets maximum annual amounts that the University through its Board of Trustees may issue The Twenty-seventh Supplemental Indenture authorizes the appropriations for and issuance of bonds in the maximum amount of $260000000 plus costs of issuance to finance fiscal year 2021 capital projects pursuant to Section 10a-109e (a) of the UCONN 2000 Act as amended effective July 1 2020 plus amounts carried forward from the Twenty-sixth Supplemental Indenture The list includes projects which the Board has approved undertaking during Phase III at Storrs the regional campuses and the UConn Health Center

The Twenty-seventh Supplemental Indenture also authorizes that the exact amount of the bonds be determined at the time of issuance depending on cash expenditure requirements for twelve months or less following issuance Appendix A of the Twenty-seventh Supplemental Indenture lists the UCONN 2000 projects that may be financed by the bonds (excluding the projects financed by the carry forward amounts) This recommendation if approved will serve as the Board of Trusteesrsquo resolution for approval of the Twenty-seventh Supplemental Indenture and for the series of bonds to be issued in accordance therewith The resolution with supplemental information as appropriate will be sent to the Governor for approval If the Governor chooses not to exercise his statutory authority to approve or disapprove the resolution within 30 days of its submission it will be deemed approved in accordance with the Act Attachment

UNIVERSITY OF CONNECTICUT

as Issuer

and

US BANK NATIONAL ASSOCIATION

as Trustee

___________________________________________________________

TWENTY-SEVENTH SUPPLEMENTAL INDENTURE

AUTHORIZING

THE UNIVERSITY OF CONNECTICUT GENERAL OBLIGATION BONDS

(Secured by the State Debt Service Commitment)

___________________________________________________________

Dated as of ________

(i)

TABLE OF CONTENTS

Page

ARTICLE I Definitions and Statutory Authority 101 Twenty-seventh Supplemental Indenture 1 102 Definitions 1 103 Authority for the Twenty-seventh Supplemental Indenture 2

ARTICLE II Authorization Terms and Issuance of Bonds 201 Authorization of Fiscal Year 2020-2021 Bonds Maximum Amount Bonds Delegation Designation and Pledge 2 202 Purposes 3 203 Interest Payments 3 204 Form Denomination Numbers and Letters 3 205 Places of Payment and Paying Agent 4 206 Sale 4 207 Execution 4 208 Delivery and Application of Bond Proceeds 4 209 Defeasance 4 210 UConn 2000 Infrastructure Improvement Program 5 211 Continuing Disclosure Undertaking 5

ARTICLE III Form of the Bonds 301 Form of the Bonds 5

ARTICLE IV Tax Covenant 401 Tax Exemption 5

ARTICLE V Miscellaneous 501 No Recourse 6 502 Delegation of Authority to Treasurer and to Authorized Officer for Sale

Purposes or the Executive Vice President for Administration and Chief Financial Officer 6

503 Declaration of Official Intent 7

1

TWENTY-SEVENTH SUPPLEMENTAL INDENTURE AUTHORIZING THE ISSUANCE OF


(SECURED BY THE STATE DEBT SERVICE COMMITMENT)

ARTICLE I

Definitions and Statutory Authority

101 Twenty-seventh Supplemental Indenture This Twenty-seventh Supplemental Indenture authorizing the Bonds is supplemental to and constitutes a Supplemental Indenture within the meaning of and is adopted in accordance with Article X of the General Obligation Master Indenture of Trust between the University of Connecticut ( the ldquoUniversityrdquo) and the Trustee dated as of November 1 1995 (the ldquoMaster Indenturerdquo) as amended and supplemented to the date hereof the form of which was approved by the State Bond Commission as required by Section 10a-109g of the General Statutes of Connecticut 102 Definitions All terms defined and the rules of construction set forth in Article I of the Indenture shall have the same meanings in this Twenty-seventh Supplemental Indenture as such terms are given in such Article I except that as used in this Twenty-seventh Supplemental Indenture the following terms shall have the following respective meanings unless the context shall otherwise require

ldquoAuthorized Officerrsquos Certificaterdquo means a copy of a resolution of the Board of Trustees certified by an Authorized Officer

ldquoAuthorized Officer for Sale Purposesrdquo means the Authorized Officer who shall be an officer official or trustee serving on the financial affairs committee of the Board of Trustees

ldquoBond Insurance Policyrdquo means the municipal bond insurance policy if any issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture

ldquoBond Insurerrdquo means a financial guaranty insurance company if any or any successor thereto which insures the Bonds as provided in the Certificate of Determination

ldquoBondsrdquo means any series of bonds issued pursuant to this Twenty-seventh Supplemental Indenture

ldquoCertificate of Determinationrdquo means the certificate of determination of the Treasurer required by section 502 hereof and otherwise referenced herein

ldquoIndenturerdquo means the General Obligation Master Indenture of Trust between the University and the Trustee dated as of November 1 1995 as from time to time amended or supplemented

2

ldquoInsured Bondsrdquo means any series or certain maturities in any series of bonds to be insured by a municipal bond new issue insurance policy to be issued simultaneously with the delivery of Bonds by the Bond Insurer

ldquoOfficial Statementrdquo means the official statement of the University relating to the Bonds

ldquoPreliminary Official Statementrdquo means the preliminary official statement of the University relating to the Bonds

ldquoPrincipalrdquo or ldquoprincipalrdquo means the principal amount of each Bond payable at maturity

ldquoPrincipal Amountrdquo means the outstanding principal of a Bond

ldquoTwenty-sixth Supplemental Indenturerdquo means the Twenty-sixth Supplemental Indenture adopted by the Board of Trustees of the University on June 26 2019 and deemed approved by the Governor on August 8 2019 authorizing the Fiscal Year 2019-2020 bonds

ldquoTwenty-seventh Supplemental Indenturerdquo means this Twenty-seventh Supplemental Indenture as may be amended from time to time authorizing the Bonds

ldquoUnderwritersrdquo means the initial purchasers of the Bonds pursuant to a bond purchase agreement duly executed by the University the Treasurer and such purchasers

103 Authority for the Twenty-seventh Supplemental Indenture This Twenty-seventh Supplemental Indenture is entered into by the University and the Trustee pursuant to the provisions of the Act and the Indenture

ARTICLE II

Authorization Terms and Issuance of Bonds

201 Authorization of Fiscal Year 2020-2021 Bonds Maximum Amount Delegation Designation and Pledge Bonds for Fiscal Year ending June 30 2021 entitled to the benefit protection and security of the Act and Indenture and constituting Bonds to be secured by the State Debt Service Commitment are hereby authorized to be issued in one or more series under the Indenture and pursuant to the Act in a maximum amount not to exceed $260000000 for the UConn Projects as set forth in Appendix A (attached hereto and hereby made a part hereof) and constituting UConn 2000 Projects (provided nothing herein shall preclude the amendment of Appendix A pursuant to the Act and in accordance with the Indenture and as provided by Appendix A) plus the amount of the Costs of Issuance to be funded from the proceeds of such Bonds The amount of bonds which may be secured by the State debt service commitment and be issued for fiscal year ending 2021 but not authorized herein if any are hereby carried forward to be authorized at a future time All of the principal amount of bonds authorized but unissued under the Twenty-sixth Supplemental Indenture submitted to the Governor on July 9 2019 and deemed approved by the Governor on August 8 2019 is carried forward to Fiscal Year 2020-2021 in accordance with the Act No bonds were issued under the Twenty-sixth Supplemental Indenture and therefore the amount of authorized but unissued bonds is $199600000

3

The exact amount of the Bonds to be issued in each series under this Twenty-seventh

Supplemental Indenture is hereby delegated to and is to be determined by a certificate of the Authorized Officer for Sale Purposes in accordance with Section 10a-109g of the Connecticut General Statutes respecting the anticipated cash expenditure requirements for authorized UConn 2000 Projects within the year following issuance plus not more than twenty (20) percent in excess thereof provided that such amount shall not exceed $260000000 (plus Costs of Issuance and any carry forward amounts) The amount of the balance of Bonds herein authorized for Fiscal Year ending 2021 and not funded by the Bonds shall be issued subsequently pursuant to an additional Certificate of Authorized Officer for Sale Purposes as an additional series of Bonds hereunder or pursuant to a Supplemental Indenture or Supplemental Indentures depending on the remaining cash expenditure requirements respecting each UConn 2000 Project theretofore authorized by a Supplemental Indenture

The Bonds shall be designated as and shall be distinguished from other Bonds by the additional title ldquo20__ Series __ldquo or such other designation or designations of ldquoSeries ldquo inserting the applicable number and letter respectively reflecting the year and series issued as provided in the Certificate of Determination pursuant to and subject to the terms conditions and limitations established in the Indenture this Twenty-seventh Supplemental Indenture an Authorized Officerrsquos Certificate and the Treasurerrsquos Certificate of Determination In accordance with the Act the amount of the State Debt Service Commitment in each fiscal year is hereby pledged for the punctual payment of the Special Debt Service Requirements on the Bonds as the same arise and shall become due and payable

202 Purposes The Bonds will be issued and used to provide funds for deposit in the following accounts of the Bond Proceeds Fund (i) Construction Account which pursuant to Section 602 of the Indenture unless otherwise provided by a Supplemental Indenture shall be held and maintained by the Trustee for construction and equipping of certain facilities (or reimbursement to the University for funds expended therefor) that are included and that have been authorized as a UCONN 2000 Project by the Board of Trustees and (ii) Cost of Issuance Account which pursuant to Section 602 of the Indenture unless otherwise provided by a Supplemental Resolution shall be held and maintained by the Treasurer to pay or provide for the Bonds costs of issuance The Treasurer and University shall cause the proceeds from the sale of the Bonds to be so deposited in the Bond Proceeds Fund Monies in the Construction Account respecting the proceeds of the Bonds heretofore issued may be disbursed from time to time pursuant to Section 603 of the Master Indenture particularly paragraph (5) thereof for any such UConn 2000 Project but not in excess of the aggregate amount authorized for such UConn 2000 Project by the Board of Trustees 203 Interest Payments The Bonds shall bear interest from their respective dates payable on the date or dates and at the rates as shall be determined by the Treasurer in the Certificate of Determination Except as otherwise may be provided in such Certificates interest shall be computed on the basis of a 360-day year consisting of 12 months of 30 days each 204 Form Denomination Numbers and Letters The Bonds shall be in fully registered form and shall initially be registered in the name of Cede amp Co as nominee of The Depository Trust Company New York New York (ldquoDTCrdquo) which will act as securities depository for the Bonds The Bonds shall be in denominations to be determined by the Treasurer in the Certificate of Determination The Bonds shall be lettered ldquoAR-___rdquo or such other letters provided in the Certificate of Determination Each such letter shall be followed by the number of the Bonds The Bonds shall be numbered consecutively from one upward in order of issuance

4

205 Places of Payment and Paying Agent So long as all of the Bonds are registered in the name of Cede amp Co as nominee of DTC or any other nominee of DTC or its successor as securities depository Principal Sinking Fund Installments if any Redemption Price of and interest on the Bonds shall be payable from the Trustee to DTC or its successor as securities depository for the Bonds as determined by the Treasurer in the Certificate of Determination If any of the Bonds shall no longer be registered in the name of a nominee of DTC or any successor securities depository or its nominee interest on the Bonds shall be payable by check mailed to the registered owners of the Bonds and Principal Sinking Fund Installments if any or Redemption Price of the Bonds shall be payable at the principal corporate trust office of the Paying Agent for the Bonds 206 Sale Pursuant to Section 10a-109g of the Connecticut General Statutes the Treasurer is authorized to sell the Bonds by negotiation or public competitive sale in such manner at such price or prices at such time or times in one or more series and on such terms and conditions as the Treasurer shall determine to be in the best interests of the State and University The terms and particulars of each such sale the receipt of each proposal and each award of the Bonds and all other action appropriate or necessary in connection therewith shall be set by the Treasurer including the selection of the Trustee pursuant to Article VIII of the Indenture in conjunction with the Authorized Officer for Sale Purposes to whom such matters are hereby delegated and shall be recited in the Treasurerrsquos Certificate of Determination and confirmed by the Authorized Officer for Sale Purposes 207 Execution The Bonds shall be signed in the name of the University by the manual or facsimile signature of its President and the seal of the University (or a facsimile thereof) shall be affixed imprinted engraved or otherwise reproduced thereon and attested by an Authorized Officer The Bonds shall be authenticated manually by the Trustee in accordance with the provisions of the Indenture 208 Delivery and Application of Bond Proceeds After their execution as provided herein and in the Indenture the Bonds shall be delivered to the Trustee for authentication as provided in the Indenture and shall thereupon be delivered to the Underwriters upon receipt by the Trustee of the purchase price therefor in accordance with the documents of sale and upon satisfaction of the conditions contained therein and in the Indenture The proceeds of the Bonds shall be deposited in the Bond Proceeds Fund in the amounts and for the Construction Account and Costs of Issuance Account as more particularly set forth in the Certificate of Determination of the Treasurer 209 Defeasance Pursuant to Section 1001(1)(b) of the Master Indenture for purposes of the Bonds and for any bonds issued under the Master Indenture after the date hereof Section 1402 of the Master Indenture at the end of the second sentence item (c) is hereby amended in its entirety as follows

(c) in the event said Bonds are not by their terms subject to redemption within the next succeeding 60 days the University shall have given the Trustee in form satisfactory to it irrevocable instructions to mail at least once or to publish at least twice at an interval of not less than seven days between publications in an Authorized Newspaper as soon as practicable a notice to the Holders of such Bonds that the deposit required by (b) above has been made with the Trustee and that said Bonds are deemed to have been paid in accordance with this Section and stating such maturity or redemption date upon which moneys are

5

to be available for the payment of the principal or Redemption Price if applicable on said Bonds

210 UConn Infrastructure Improvement Program Pursuant to Sections 1001(1)(b) and 1001(6) of the Master Indenture for purposes of the Bonds and any bonds issued under the Master Indenture after the date hereof Section 909(C) is deleted in its entirety 211 Continuing Disclosure Undertaking Pursuant to Sections 1001(1) and 1512 of the Master Indenture for purposes of the Bonds and for any bonds issued under the Master Indenture after the date hereof Article XV is hereby deleted in its entirety

ARTICLE III

Form of the Bonds

301 Form of the Bonds The Bonds shall be substantially in the form set forth in the Indenture with such additions or deletions anticipated by this Twenty-seventh Supplemental Indenture as are set forth in the Certificate of Determination

ARTICLE IV

Tax Covenant 401 Tax Exemption In order to maintain the exclusion from gross income for purposes of federal income taxation of interest on the Bonds the University hereby covenants to comply with the provisions of the Code and any regulations or rulings issued thereunder applicable to the Bonds Further the University covenants that it will not take any action or fail to take any action that would cause the Bonds to be ldquoarbitrage bondsrdquo within the meaning of Section 148(a) of the Code In fulfilling the covenants set forth in this Section the University hereby agrees to instruct all parties acting by or on behalf of the University or in any manner with respect to the Bonds regarding all acts necessary to satisfy and fulfill such covenants

6

ARTICLE V

Miscellaneous

501 No Recourse No recourse shall be had for the payment of the principal of or interest on the Bonds or for any claim based thereon or on this Twenty-seventh Supplemental Indenture against any member of the Board of Trustees nor the State Bond Commission or any officer of the University or the State or any person executing the Bonds and neither the members of the Board of Trustees or the State Bond Commission nor officers of the University or the State nor any person executing the Bonds or with respect to execution of documents hereinafter mentioned including the Preliminary Official Statement the Official Statement and any Bond Purchase Agreement Tax Regulatory Agreement or documents in connection with the authorization issuance and sale of the Bonds shall be liable personally thereon or be subject to any personal liability or accountability by reason of the issuance or execution thereof Pursuant to Section 10a-109s of the Connecticut General Statutes the provisions of Sections 4-165 and 5-141d of the General Statutes shall apply to any employee or official of the University or other State agency who is discharging his duties or acting within the scope of his employment in furtherance of the UCONN 2000 Infrastructure Improvement Program 502 Delegation of Authority to Treasurer and to Authorized Officer for Sale Purposes or the Executive Vice President for Administration and Chief Financial Officer (A) The Treasurer is delegated pursuant to the Act on behalf of the University and subject in all respects to the Indenture the authority to determine with respect to the Bonds the date or dates and maturities (provided however that the Bonds issued to finance equipment and collections shall mature not later than five (5) years from their dated date and the Bonds issued to finance any other purpose shall mature not later than thirty (30) years from their dated date) provisions for either serial or term bonds sinking fund requirements if any due dates of interest denominations the terms if any of optional or extraordinary redemption with or without premium time or times of sale (subject to the cash flow requirements of the University to cover the cost of the UCONN 2000 Infrastructure Improvement Program) and manner of sale interest rates and limitations with respect thereto provisions for receipt and deposit or investment of the good faith deposit pending delivery and such other terms and conditions of the Bonds and of the issuance and sale thereof as the Treasurer may determine to be in the best interests of the State and University The Treasurer shall file a Certificate of Determination with the University and Secretary of the State Bond Commission on or before the date of delivery of the Bonds setting forth the details and particulars of the Bonds determined by her in accordance with this delegation Such Certificate of Determination shall be delivered to the Trustee on or before the date of closing of the Bonds (B) The Treasurer is also delegated pursuant to the Act and in accordance with Section 10a-109g of the Connecticut General Statutes pursuant to certain provisions of Section 3-20 of the General Statutes of the State of Connecticut as amended the authority to enter into agreements in consultation with the University (through an Authorized Officer) with respect to the issuance and sale of the Bonds including financial advisory agreements bond purchase agreements tax regulatory agreements and agreements with respect to security for the Bonds

7

(C) The Authorized Officer for Sale Purposes or the Executive Vice President for Administration and Chief Financial Officer is hereby delegated and the Treasurer is further delegated pursuant to the Act the authority to approve the final terms of and publication and distribution of the Official Statement in connection with the offering and sale of the Bonds and to sign and certify that the Preliminary Official Statement is an official statement that the University deems final as of its date for purposes of Rule 15c-2-12 of the Securities and Exchange Commission (ldquoRule 15c-2-12rdquo) except for certain permitted omissions described in paragraph (b)(1) of Rule 15c-2-12 The mailing publication and distribution of the Preliminary Official Statement is hereby approved The Treasurer in conjunction with the Authorized Officer for Sale Purposes or the Executive Vice President for Administration and Chief Financial Officer is further authorized and directed to sign any amendment or supplement or certificate with respect to the Official Statement or the Preliminary Official Statement that may in the Treasurerrsquos judgment be necessary or appropriate on or before the date of delivery of the Bonds (D) Subsequent to adoption of the resolution of the Board of Trustees authorizing the Twenty-seventh Supplemental Indenture the Authorized Officer for Sale Purposes is hereby authorized to make such changes insertions deletions or provisions to the Twenty-seventh Supplemental Indenture not materially inconsistent with the intent of the provisions of the Twenty-seventh Supplemental Indenture as so adopted as may be necessary or appropriate to respond to the requirements of the Governor the Treasurer the Underwriters of the Bonds the Bond Insurer if any or the rating agencies with respect to the Twenty-seventh Supplemental Indenture as evidenced by approval of the Certificate of Determination and may rely on a Counselrsquos Opinion for advice with respect to the foregoing In addition any Authorized Officer is authorized and directed to sign other documents ancillary to the authorization issuance and delivery of the Bonds within the scope of such Authorized Officerrsquos duties at the University and under the Act 503 Declaration of Official Intent The University reasonably expects to incur expenditures (the ldquoExpendituresrdquo) in connection with the Bond projects of which a general functional description is contained in Appendix A attached hereto (collectively the ldquoProjectrdquo) The University reasonably expects to reimburse itself for the cost of Expenditures with respect to the Project with the proceeds of Bonds tax-exempt obligations to be issued by the University not later than eighteen (18) months after the later of the date the original Expenditure is paid or the date the Project is placed in service or abandoned but in no event more than three (3) years after the original Expenditure is paid The maximum principal amount of such debt with respect to the Project is not expected to exceed the amount as set forth in Appendix A This declaration of official intent is a declaration of official intent made pursuant to Section 1150-2 of the Regulations

8

IN WITNESS WHEREOF the University of Connecticut has caused this Twenty-seventh Supplemental Indenture to be signed by its President and sealed the same with its seal attested by an Authorized Officer and the Trustee for itself and its successor or successors has caused this Twenty-seventh Supplemental Indenture to be signed and sealed by its duly authorized officer and has by its execution hereof signified its acceptance of the trust hereby created and imposed

THE UNIVERSITY OF CONNECTICUT By

___________________ Its President

(SEAL)

ATTEST

By Scott A Jordan Its Executive Vice President for Administration and Chief Financial Officer

US BANK NATIONAL ASSOCIATION as Trustee

Date _______ 2020 By

Name Title

9

APPENDIX A1

TWENTY-SEVENTH SUPPLEMENTAL INDENTURE UCONN 2000 INFRASTRUCTURE IMPROVEMENT PROGRAM

FISCAL YEAR 2020-2021 UCONN 2000 BOND AUTHORIZATIONS

____SERIES ___ BOND PROJECTS

UCONN 2000 Projects

--Storrs and Regional Campuses

UCONN 2000 Phase III Total ($)

Needed -DSC Bonds

Fiscal Year 2020-2021

Bond Authorization (2)

Academic and Research Facilities Deferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilities(3) Equipment Library Collections amp Telecommunications Residential Life Facilities Subtotal ndash Storrs and Regional Campuses

$50851086018

95893352891 22537584600 15476011026

$12560000000

11640000000 1300000000 500000000

_____________ $26000000000

Total Fiscal Year 2020-2021 Bond Authorization $26000000000 Reflects amendments to project names by Public Act No 02-3 of the May 2002 Special Session and by Public Act No 07-108 of the 2007 Session of the Connecticut General Assembly Includes only Phase III General Obligation Debt Service Commitment amounts needed from 712005 forward and does not include $50 million of Phase II authorizations issued after 712005 pursuant to the Eleventh Supplemental Indenture (1) The Board of Trustees approved the Twenty-seventh Supplemental Indenture on June 24 2020

(2) The amounts presented herein may vary (1) by resolution of the Board of Trustees provided that such reallocation does not result in the expenditure of proceeds in excess of the total aggregate amount approved as set forth in this supplemental indenture and (2) by up to 5 upon a written determination by the Executive Vice President for Administration and Chief Financial Officer as an Authorized Officer pursuant to the Master Indenture as supplemented including Section 805 thereof provided any reallocation shall (i) not result in the expenditure of proceeds in excess of the total aggregate amount approved by the Board of Trustees for all projects as set forth in the Master Indenture as supplemented approving such total expenditures (ii) shall not result in any adverse tax consequences to the University (iii) be made only that the UCONN 2000 Projects affected by the reallocation can still be completed within the reallocated amounts together with any other amounts allocated by the Board of Trustees in subsequent supplemental indentures and (iv) be reported to the Board of Trustees at its next scheduled meeting (3) Public Act 17-2 passed October 31 2017 and changed the UCONN 2000 named project formally known as ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo to the new UCONN 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilitiesrdquo and UConn Healthrsquos UConn 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Sum mdash Health Centerrdquo to the new UConn 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure amp Improvements Renovation Lump Sum and Utility Administrative and Support Facilities ndash Health Center Similarly Public Act 16-4 effective July 1 2016 changed the name of UCONN 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Lump Sumrdquo to ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo

ACTIVE685431MVP8835510v1

ATTACHMENT 5




RE Revised Allocation of Bond Authorizations as set forth in the Twentieth

Supplemental Indenture (University of Connecticut General Obligation Bonds) RECOMMENDATION That the Board of Trustees approves the reallocation of bond authorizations among capital projects by amending Appendix A of the Twentieth Supplemental Indenture as follows

bull Decrease North Hillside Road Completion by $1500000 for a total fiscal year 2014-2015 bond authorization for such project of $0 and

bull Increase Deferred MaintenanceCodeADA Renovation Lump Sum by

$150000000 for a total fiscal year 2014-2015 bond authorization for such project of $4774837687

BACKGROUND The Board of Trustees approved the Twentieth Supplemental Indenture on June 25 2014 supplementing the Master Indenture of Trust dated November 1 1995 The Governor signed the Twentieth Supplemental Indenture on July 2 2014 The projects authorized under the Twentieth Supplemental Indenture have been financed with the proceeds of the Universityrsquos debt service commitment bonds issued in 2015 2016 2017 and 2018

The Board of Trustees amended the Twentieth Supplemental Indenture on June 24 2015 March 30 2016 October 26 2016 June 28 2017 December 13 2017 and June 26 2019 to make certain reallocations of bond authorizations among capital projects Appendix A attached hereto lists the projects and the amount of bond proceeds authorized for each project for Fiscal Year 2014-2015 including this submission and updates the total amounts of debt service commitment bonds (ldquoDSC Bondsrdquo) needed

RESOLUTION AMENDING THE TWENTIETH SUPPLEMENTAL INDENTURE TO REALLOCATE FISCAL YEAR 2014-2015

GENERAL OBLIGATION BOND AUTHORIZATIONS

WHEREAS on June 25 2014 the University of Connecticut (the ldquoUniversityrdquo) by vote of its Board of Trustees approved the Twentieth Supplemental Indenture (the ldquoTwentieth Supplemental Indenturerdquo) supplementing the Master Indenture of Trust dated as of November 1 1995 between the University and Fleet National Bank of Connecticut (predecessor to US Bank National Association) as trustee (the ldquoMaster Indenturerdquo) and

WHEREAS the University in conjunction with the Treasurer of the State of

Connecticut (the ldquoState Treasurerrdquo) issued the Universityrsquos General Obligation Bonds in 2015 2016 2017 and 2018 to finance the Fiscal Year 2014-2015 bond authorizations and

WHEREAS on June 24 2015 March 30 2016 October 26 2016 June 28 2017

December 13 2017 and June 26 2019 the University amended the Twentieth Supplemental Indenture to make certain reallocations of bond authorizations for Fiscal Year 2014-2015 as set forth in Appendix A and

WHEREAS it has been determined that the allocations for the proceeds of the bonds

authorized by the Twentieth Supplemental Indenture should be revised to reflect the final amounts spent on certain of the projects and

WHEREAS the University desires to amend the Twentieth Supplemental Indenture

to restate the bond authorizations as set forth in Appendix A of the Twentieth Supplemental Indenture

NOW THEREFORE BE IT RESOLVED by the Board of Trustees of the

University as follows

That Appendix A to the Twentieth Supplemental Indenture hereby is amended to reallocate the Fiscal Year 2014-2015 bond authorization amongst projects as follows (a) decrease North Hillside Road Completion by $150000000 for a total fiscal year 2014-2015 bond authorization for such project of $0 and (b) increase Deferred MaintenanceCodeADA Renovation Lump Sum by $150000000 for a total fiscal year 2014-2015 bond authorization for such project of $4774837687 and to update the total amounts of debt service commitment (ldquoDSCrdquo) bonds needed

This Resolution shall take effect upon adoption by the Board of Trustees

APPENDIX A1

TWENTIETH SUPPLEMENTAL INDENTURE UCONN 2000 INFRASTRUCTURE IMPROVEMENT PROGRAM

FISCAL YEAR 2014-2015 UCONN 2000 BOND AUTHORIZATIONS _______ SERIES ___ BOND PROJECTS

UCONN 2000 Projects



Needed -DSC Bonds



Academic and Research Facilities Arjona and Monteith (new classroom buildings) Avery Point Renovation Beach Hall Renovations Biobehavioral Complex Replacement Deferred MaintenanceCodeADA Renovation Lump Sum (3) Engineering Building (with Environmental Research Institute) Equipment Library Collections amp Telecommunications Fine Arts Phase II Gant Building Renovations Hartford Relocation AcquisitionRenovation Heating Plant Upgrade Jorgensen Renovation Koons Hall RenovationAddition Parking Garage 3 Residential Life Facilities Support Facility (Architectural and Engineering Services) Torrey Renovation Completion and Biology Expansion Waterbury Downtown Campus Young Building RenovationAddition Subtotal ndash Storrs and Regional Campuses

$50851086018 12821987093

832744754 514668833 349580700

95893352891 9257938976

22537584600 4070892400

1245577032 13902762542

1187772442 389912858 146114600

7521427

15476011026 1658305

153037300 160876400

2365140300

$902432700 1202360607

730278200 40399300 55116600

4774837687 2097091300 3450000000

2650900 29975232

1329968200 900272442

15000000 3500000

7521427

4399171700 1658305 3037300

112982700 441745400

_____________ $20500000000

--Health Center CLAC Renovation Biosafety Level 3 Lab Deferred MaintenanceCodeADA Renovation Sum mdash Health Center

(3) Equipment Library Collections amp Telecommunications mdash Health Center Main Building Renovation The University of Connecticut Health Center New Construction and Renovation Subtotal ndash Health Center

$1590146591

5116551991

11642939000 11748431591

38745738709

$487646591

167492809

412500000 1167900000

8814460600

_____________ $11050000000

Total Fiscal Year 2014-2015 Bond Authorization $31550000000

Reflects amendments to project names by Public Act No 02-3 of the May 2002 Special Session and by Public Act No 07-108 of the 2007 Session of the Connecticut General Assembly Includes only Phase III General Obligation Debt Service Commitment amounts needed from 712005 forward Does not reflect borrowings under Phase I amp II including $50000000 of Phase II Project authorizations issued after 712005 pursuant to the Eleventh Supplemental Indenture (1) The Board of Trustees approved the Twentieth Supplemental Indenture on June 25 2014 and amended it on June 24 2015 March 30 2016 October 26 2016 June 28 2017 December 13 2017 June 26 2019 and June 24 2020

(2) The amounts presented herein may vary (1) by resolution of the Board of Trustees provided that such reallocation does not result in the expenditure of proceeds in excess of the total aggregate amount approved as set forth in this supplemental indenture and (2) by up to 5 upon a written determination by the Executive Vice President for Administration and Chief Financial Officer as an Authorized Officer pursuant to the Master Indenture as supplemented including Section 805 thereof provided any reallocation shall (i) not result in the expenditure of proceeds in excess of the total aggregate amount approved by the Board of Trustees for all projects as set forth in the Master Indenture as supplemented approving such total expenditures (ii) shall not result in any adverse tax consequences to the University (iii) be made only that the UCONN 2000 Projects affected by the reallocation can still be completed within the reallocated amounts together with any other amounts allocated by the Board of Trustees in subsequent supplemental indentures and (iv) be reported to the Board of Trustees at its next scheduled meeting

(3) Public Act 17-2 passed October 31 2017 and changed the UCONN 2000 named project formally known as ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo to the new UCONN 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilitiesrdquo and UConn Healthrsquos UConn 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Sum mdash Health Centerrdquo to the new UConn 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure amp Improvements Renovation Lump Sum and Utility Administrative and Support Facilities ndash Health Center Similarly Public Act 16-4 effective July 1 2016 changed the name of UCONN 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Lump Sumrdquo to ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo Since these projects were authorized in this supplemental indenture prior to the legislative name changes effective date the original project names are referred to herein

ATTACHMENT 6




RE Revised Allocation of Bond Authorizations as set forth in the Twenty-Second Supplemental Indenture (University of Connecticut General Obligation Bonds) RECOMMENDATION That the Board of Trustees approves the reallocation of bond authorizations among capital projects by amending Appendix A of the Twenty-Second Supplemental Indenture as follows

bull Decrease Jorgensen Renovation by $3534600 for a total fiscal year 2016-2017 bond authorization for such project of $16465400 and

bull Increase Deferred MaintenanceCodeADA Renovation Lump Sum by $3534600 for a total fiscal year 2016-2017 bond authorization for such project of $6585912735 and

BACKGROUND The Board of Trustees approved the Twenty-Second Supplemental Indenture on June 29 2016 supplementing the Master Indenture of Trust dated November 1 1995 The Governor signed the Twenty-Second Supplemental Indenture on July 5 2016 The projects authorized under the Twenty-Second Supplemental Indenture have been financed with the proceeds of the Universityrsquos debt service commitment bonds issued in 2017 2018 and 2019 The Board of Trustees amended the Twenty-Second Supplemental Indenture on October 26 2016 June 28 2017 December 13 2017 and June 26 2019 to make certain reallocations of bond authorizations among capital projects

Appendix A attached hereto lists the projects and the amount of bond proceeds authorized for each project for Fiscal Year 2016-2017 including this submission and updates the total amounts of debt service commitment bonds (ldquoDSC Bondsrdquo) needed

RESOLUTION AMENDING THE TWENTY-SECOND SUPPLEMENTAL INDENTURE

TO REALLOCATE FISCAL YEAR 2016-2017 GENERAL OBLIGATION BOND AUTHORIZATIONS

WHEREAS on June 29 2016 the University of Connecticut (the ldquoUniversityrdquo) by vote of its Board of Trustees approved the Twenty-Second Supplemental Indenture (the ldquoTwenty-Second Supplemental Indenturerdquo) supplementing the Master Indenture of Trust dated as of November 1 1995 between the University and Fleet National Bank of Connecticut (predecessor to US Bank National Association) as trustee (the ldquoMaster Indenturerdquo) and WHEREAS the University in conjunction with the Treasurer of the State of Connecticut (the ldquoState Treasurerrdquo) issued the Universityrsquos General Obligation Bonds in 2017 2018 and 2019 to finance the Fiscal Year 2016-2017 bond authorizations and WHEREAS on October 26 2016 June 28 2017 December 13 2017 and June 26 2019 the University amended the Twenty-Second Supplemental Indenture to make certain reallocations of bond authorizations for Fiscal Year 2016-2017 as set forth in Appendix A and WHEREAS it has been determined that the allocations for the proceeds of the bonds authorized by the Twenty-Second Supplemental Indenture should be revised to reflect the amounts to be spent on certain of the projects and WHEREAS the University desires to amend the Twenty-Second Supplemental Indenture to restate the bond authorizations as set forth in Appendix A of the Twenty-Second Supplemental Indenture NOW THEREFORE BE IT RESOLVED by the Board of Trustees of the University as follows That Appendix A to the Twenty-Second Supplemental Indenture hereby is amended to reallocate the Fiscal Year 2016-2017 bond authorization amongst projects as follows (a) decrease Jorgensen Renovation by $3534600 for a total fiscal year 2016-2017 bond authorization for such project of $16465400 and (b) increase Deferred MaintenanceCodeADA Renovation Lump Sum by $3534600 for a total fiscal year 2016-2017 bond authorization for such project of $6585912735 and to update the total amounts of debt service commitment (ldquoDSCrdquo) bonds needed This Resolution shall take effect upon adoption by the Board of Trustees

APPENDIX A1

TWENTY-SECOND SUPPLEMENTAL INDENTURE UCONN 2000 INFRASTRUCTURE IMPROVEMENT PROGRAM



UCONN 2000 Projects



Needed -DSC Bonds



Academic and Research Facilities Arjona and Monteith (new classroom buildings) Deferred MaintenanceCodeADA Renovation Lump Sum (3) Engineering Building (with Environmental Research Institute) Equipment Library Collections amp Telecommunications Fine Arts Phase II Hartford Relocation AcquisitionRenovation Jorgensen Renovation Residential Life Facilities Stamford Campus ImprovementsHousing Subtotal ndash Storrs and Regional Campuses

$50851086018 12821987093 95893352819

92579 38976

22537584600 4070892400

13902762542 389912858

15476011026 150087000

$647686100 13197765

6585912735

1934471000 900000000 454499800

6842431800 16465400

494991000 39344400

_____________ $17929000000

--Health Center Deferred MaintenanceCodeADA Renovation Sum mdash Health Center (3) Equipment Library Collections and Telecommunications - Health Center Main Building Renovation Medical School Academic Building Renovation The University of Connecticut Health Center New Construction and Renovation Subtotal ndash Health Center

$ 5116551991

11642939000 11748431591 3957823200

38745738709

$388694500

225000000 2005829791

459998800

3031476909 _____________ $6111000000


Reflects amendments to project names by Public Act No 02-3 of the May 2002 Special Session and by Public Act No 07-108 of the 2007 Session of the Connecticut General Assembly Includes only Phase III General Obligation Debt Service Commitment amounts needed from 712005 forward Does not reflect borrowings under Phase I amp II including $50000000 of Phase II Project authorizations issued after 712005 pursuant to the Eleventh Supplemental Indenture (1) The Board of Trustees approved the Twenty-second Supplemental Indenture on June 29 2016 and amended it on October 26 2016 June 28 2017 December 13 2017 June 26 2019 and June 24 2020

(2) The amounts presented herein may vary (1) by resolution of the Board of Trustees provided that such reallocation does not result in the expenditure of proceeds in excess of the total aggregate amount approved as set forth in this supplemental indenture and (2) by up to 5 upon a written determination by the Executive Vice President for Administration and Chief Financial Officer as an Authorized Officer pursuant to the Master Indenture as supplemented including Section 805 thereof provided any reallocation shall (i) not result in the expenditure of proceeds in excess of the total aggregate amount approved by the Board of Trustees for all projects as set forth in the Master Indenture as supplemented approving such total expenditures (ii) shall not result in any adverse tax consequences to the University (iii) be made only that the UCONN 2000 Projects affected by the reallocation can still be completed within the reallocated amounts together with any other amounts allocated by the Board of Trustees in subsequent supplemental indentures and (iv) be reported to the Board of Trustees at its next scheduled meeting (3) Public Act 17-2 passed October 31 2017 and changed the UCONN 2000 named project formally known as ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo to the new UCONN 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilitiesrdquo and UConn Healthrsquos UConn 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Sum mdash Health Centerrdquo to the new UConn 2000 project name of ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure amp Improvements Renovation Lump Sum and Utility Administrative and Support Facilities ndash Health Center Similarly Public Act 16-4 effective July 1 2016 changed the name of UCONN 2000 named project formally known as ldquoDeferred MaintenanceCodeADA Renovation Lump Sumrdquo to ldquoDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sumrdquo Since these projects were authorized in this supplemental indenture prior to the legislative name changes effective date the original project names are referred to herein

ATTACHMENT 7




RE Revised Allocation of Bond Authorizations as set forth in the Twenty-Third Supplemental Indenture (University of Connecticut General Obligation Bonds) RECOMMENDATION That the Board of Trustees approves the reallocation of bond authorizations among capital projects by amending Appendix A of the Twenty-Third Supplemental Indenture as follows

bull Decrease Engineering Building by $83343224 for a total fiscal year 2017-2018 bond authorization for such project of $616584276 and

bull Decrease Hartford RelocationAcquisitionRenovation by $97237472 for a total fiscal year 2017-2018 bond authorization of $1731762628 and

bull Increase Deferred MaintenanceCodeADA Renovation Lump Sum by $180580696 for a total

fiscal year 2017-2018 bond authorization for such project of $7405227696 and

bull Decrease Medical School Academic Building Renovation by $21425600 for a total fiscal year 2017-2018 bond authorization of $53074400 and

bull Increase Deferred MaintenanceCodeADA Renovation Sum ndash UCHC by $21425600 for a total

fiscal year 2017-2018 bond authorization for such project of $86340600

BACKGROUND The Board of Trustees approved the Amended and Restated Twenty-Third Supplemental Indenture on November 1 2017 (the ldquoTwenty-Third Supplemental Indenturerdquo) supplementing the Master Indenture of Trust dated November 1 1995 The Governor signed the Twenty-Third Supplemental Indenture on November 21 2017

The projects authorized under the Twenty-Third Supplemental Indenture have been financed with the proceeds of the Universityrsquos debt service commitment bonds issued in 2018 and 2019 Appendix A attached hereto lists the projects and the amount of bond proceeds authorized for each project for Fiscal Year 2017-2018 including this submission and updates the total amounts of debt service commitment bonds (ldquoDSC Bondsrdquo) needed

RESOLUTION AMENDING THE TWENTY-THIRD SUPPLEMENTAL INDENTURE TO REALLOCATE FISCAL YEAR 2017-2018

GENERAL OBLIGATION BOND AUTHORIZATIONS WHEREAS on November 1 2017 the University of Connecticut (the ldquoUniversityrdquo) by vote of its Board of Trustees approved the Amended and Restated Twenty-Third Supplemental Indenture (the ldquoTwenty-Third Supplemental Indenturerdquo) supplementing the Master Indenture of Trust dated as of November 1 1995 between the University and Fleet National Bank of Connecticut (predecessor to US Bank National Association) as trustee (the ldquoMaster Indenturerdquo) and WHEREAS the University in conjunction with the Treasurer of the State of Connecticut (the ldquoState Treasurerrdquo) issued the Universityrsquos General Obligation Bonds in 2018 and 2019 to finance the Fiscal Year 2017-2018 bond authorizations and WHEREAS it has been determined that the allocations for the proceeds of the bonds authorized by the Twenty-Third Supplemental Indenture should be revised to reflect the amounts to be spent on certain of the projects and WHEREAS the University desires to amend the Twenty-Third Supplemental Indenture to restate the bond authorizations as set forth in Appendix A of the Twenty-Third Supplemental Indenture NOW THEREFORE BE IT RESOLVED by the Board of Trustees of the University as follows That Appendix A to the Twenty-Third Supplemental Indenture hereby is amended to reallocate the Fiscal Year 2017-2018 bond authorization amongst projects as follows (a) decrease Engineering Building by $83343224 for a total fiscal year 2017-2018 bond authorization for such project of $616584276 and (b) decrease Hartford RelocationAcquisitionRenovation by $97237472 for a total fiscal year 2017-2018 bond authorization of $1731762628 (c) increase Deferred MaintenanceCode ADA Renovation Lump Sum by $180580696 for a total fiscal year 2017-2018 bond authorization of $7405227696 and (d) decrease Medical School Academic Building Renovation by $21425600 for a total fiscal year 2017-2018 bond authorization of $53074400 and (e) increase Deferred MaintenanceCodeADA Renovation Sum- UCHC by $21425600 for a total fiscal year 2017-2018 bond authorization for such project of $86340600 and to update the total amounts of debt service commitment (ldquoDSCrdquo) bonds needed This Resolution shall take effect upon adoption by the Board of Trustees

APPENDIX A1

TWENTY-THIRD SUPPLEMENTAL INDENTURE UCONN 2000 INFRASTRUCTURE IMPROVEMENT PROGRAM



UCONN 2000 Projects



Needed -DSC Bonds



Academic and Research Facilities Deferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum(3) Engineering Building (with Environmental Research Institute) Equipment Library Collections amp Telecommunications Farm Buildings RepairsReplacement Hartford Relocation AcquisitionRenovation Subtotal ndash Storrs and Regional Campuses

$50851086018

95893352891

9257938976 22537584600

640830409 13902762542

$4490303700

7405227696

616584276 1177516000

137190700 1731762628

$15558585000

--Health Center Deferred MaintenanceCodeADA Renovation Sum mdash Health Center Equipment Library Collections and Telecommunications mdash Health Center Medical School Academic Building Renovation The University of Connecticut Health Center New Construction and Renovation Subtotal ndash Health Center

$5116551991

11642939000 3957823200

38745738709

$86340600

3647500000 53074400

654500000 ___________

$4441415000


Reflects amendments to project names by Public Act No 02-3 of the May 2002 Special Session and by Public Act No 07-108 of the 2007 Session of the Connecticut General Assembly Includes only Phase III General Obligation Debt Service Commitment amounts needed from 712005 forward Does not reflect borrowings under Phase I amp II including $50000000 of Phase II Project authorizations issued after 712005 pursuant to the Eleventh Supplemental Indenture (1) The Board of Trustees approved the Twenty-third Supplemental Indenture on November 1 2017


ATTACHMENT 8


June 24 2020 TO Members of the Board of Trustees FROM Scott A Jordan Executive Vice President for Administration and Chief Financial Officer Carl W Lejuez Provost and Executive Vice President for Academic Affairs

RE Project Budget for Wired Access Layer Infrastructure Refresh ndash Phase II

(Final $4200000) RECOMMENDATION That the Board of Trustees approve the Final Budget of $4200000 as detailed in the attached project budget to execute the second phase of Wired Access Layer Infrastructure Refresh deferred maintenance The Administration recommends that the Board of Trustees adopt the Resolution below RESOLUTION ldquoBe it resolved that the Board of Trustees approve the use of $4200000 in UCONN 2000 bond funds for the Wired Access Layer Infrastructure Refresh ndash Phase II project and approve the request for a waiver of the three-stage budget approval process to allow construction to proceed after bids have been received and evaluated for conformance with the project scope and budgetrdquo BACKGROUND Network infrastructure which includes equipment cabling and facilities is the foundation for all wired and wireless connectivity including Voice over Internet Protocol (VoIP) Cabling and facilities have a typical lifespan of 25-30 years while the wireless and wired network equipment useful life is limited to five to eight years as new standards and technology are adopted by the industry Although Information Technology Services (ITS) had made selective investments in both networking and cabling much of the equipment and a substantive portion of the cabling and facilities on the UConn campuses were at or past their useful life ITS initiated the five-year project in 2019 to comprehensively refresh the

wired access layer infrastructure This project would greatly improve network performance for the UConn community enable contemporary usage improve network security and facilitate lifecycle planning for sustainability Before beginning ITS assessed the network infrastructure in all buildings and determined locations that required nominal equipment and facilities upgrades and those that needed a comprehensive and more disruptive overhaul of cabling equipment and facilities ITS prepared a schedule that included a mix of buildings each year to minimize disruptions from construction and shared it with the Provosts Office and University Design Planning and Construction for their review A total of 44 buildings were addressed in Phase I consisting of 18 academicresearch buildings (approximately 19 of institutional space) and 26 residence halls in five complexes (approximately 20 of the rooms) Multiple factors impacted the original schedule and ITS made modifications to maintain progress Ten buildings in need of comprehensive refreshes required more substantial construction activities which extended the design and procurement timelines and created a gap in the spring 2020 schedule To accommodate this change ITS initiated equipment-only refreshes in both the Stamford and Waterbury regional campuses as well as additional residence halls We made more adjustments when the University changed its operational status in response to the COVID-19 risk For example ITS modified the schedule of network equipment deployment in residence halls to align with the Universityrsquos phased move out of students and their belongings ITS has adjusted future project schedules and will be allowing more time for the creation and review of designs for construction activities The proposed work for Phase II is a balance of residence and non-residence buildings on the Storrs Campus and regional campuses and accommodates the Universityrsquos operational status In preparation for Phase II five academic buildings and seven residence halls are construction-ready with completed designs Work in the academic buildings can begin immediately and the residence halls will be slated for spring 2021 Because the design and planning stages for several large buildings and regional campuses will extend across fiscal boundaries large design efforts are included in Phase II and cabling efforts in Phase III for the following buildings and campuses Stamford Avery Point Law School Homer Babbidge Library and Beach Hall Equipment-only upgrades and limited facilities work is planned for several residence halls and will be coordinated with the Department of Residential Life The list of proposed buildings will be reviewed with the Provostrsquos Office University Planning Design and Construction and Residential Life and will be adjusted as necessary To complete Phase II we are requesting $42M The total estimated cost of the five-year deferred maintenance plan is $32M ITS proposed to execute approximately $6M in scope per phase however only $42M will be executed in FY21 The projections do not include any currently unknown effects of tariffs on equipment andor material costs The funding sources for phases three through five have not been determined yet This deferred maintenance program is sponsored by ITS The budget consists of cabling equipment and facilities upgrades procured in accordance with State contracting

TYPE BUDGET

PROJECT NAME

PROPOSEDFINAL

BUDGETED EXPENDITURES 6242020

CONSTRUCTION 1825000$ DESIGN SERVICES 580000 TELECOMMUNICATIONS 1150000 CONSTRUCTION ADMINISTRATION 110000 OTHER AE SERVICES (including Project Management) 150000 ART - RELOCATION - ENVIRONMENTAL - INSURANCE AND LEGAL - MISCELLANEOUS 30000 OTHER SOFT COSTS -

SUBTOTAL 3845000$

PROJECT CONTINGENCY 355000

TOTAL BUDGETED EXPENDITURES 4200000$

SOURCE OF FUNDING

UCONN 2000 BOND FUNDS 4200000$

TOTAL BUDGETED FUNDING 4200000$

BOT 62420

VARIOUS IT PROJECT S

CAPITAL PROGRAM BUDGET REPORTING FORM

FINAL

WIRED ACCESS LAYER INFRASTRUCTURE REFRESH-PHASE ll

This budget reflects the Universityrsquos current intended source(s) of funding for this project The University may adjust this funding plan in order to ensure compliance with applicable federal and state law(s) or to strategically utilize all fund sources within the approved budget amount as appropriate

ATTACHMENT 9

ATTACHMENT 10

ATTACHMENT 11




June 24 2020 TO Members of the Board of Trustees FROM Scott A Jordan Executive Vice President for Administration and Chief Financial Officer RE Fiscal Year 2021 Capital Budget for the University of Connecticut Storrs and

Regional Campuses RECOMMENDATION That the Board of Trustees approve a capital budget of $315000000 as detailed in Attachment A for Fiscal Year 2021 which is comprised of $55000000 of University funds and $260000000 of State bond funds The Administration recommends that the Board of Trustees adopt the Resolution below RESOLUTION ldquoBe it resolved that the Board of Trustees approve the Fiscal Year 2021 capital budget of $315000000 for the University of Connecticut Storrs and Regional Campusesrdquo BACKGROUND In order to manage all capital fund sources in a strategic and transparent manner UConn is proposing an all funds capital budget for approval Note that UConn Health includes funds for capital projects in their annual Operating Budget Spending Plan proposal The proposed capital budget for FY21 of $315000000 includes $55000000 of University funds and $260000000 of UCONN 2000 State bond funds The two attached documents reflect the capital budget spending plan detail

bull Attachment A - the proposed FY21 capital budget spending plan bull Attachment B - the UCONN 2000 Phase III State Bond Phasing Plan by Statutory Named

Line The FY21 capital budget does not provide approval for specific projects per our capital policies and procedures all capital projects no matter the fund source costing $500000 or more are submitted for Board action on a project-by-project basis



Program amp Planning Adjustments While it is critical to have a long-term capital plan with a stable funding source it is important to recognize that the plan is a live document which is continuously under review by senior management This approach allows the University the flexibility to be responsive to changing project needs as well as external market factorsdrivers Over the past year the capital budget plan has been adjusted due to the following

bull Changes to phasing of State bond funds bull Revised cash flows or timing changes bull Scope changes and (un)favorable bids bull Defunding of projectsproject closeouts

The third phase of the UCONN 2000 capital program which spans FY05 through FY27 includes the Bioscience Connecticut and Next Generation Connecticut (NextGenCT) initiatives While the capital funding phase of the Bioscience CT initiative is complete the NextGenCT program is well underway into its seventh year In early 2019 the Governor and the General Assembly once again proposed additional changes to the NextGenCT State bonding schedule While this proposal was not ideal and impacts the pace of some of our STEM facilities the University has adjusted our plan to accommodate the changes On the positive side the deferral smooths funding levels over the life of the program which will be helpful in managing the out-years of NextGenCT The State bond bill was finally approved on March 18 2020 and the revised bonding schedule is now reflected in State statute To avoid additional costs associated with further delaying or shutting down projects in construction it is critical that future levels of capital funding remain intact to support planned projects phased over multiple years The table below reflects the UCONN 2000 State bond authorizations (in millions)

Bonding Schedule ($M)

Previous Statute

31820 Changes

Revised Statute

Phase I FY96-FY99 $3820

$3820 Phase II FY00-FY05 5800

5800

Phase III

FY05-FY20 26760 (944) 25816 FY21 1862 738 2600 FY22 1014 891 1905 FY23 980 271 1251 FY24 850 (03) 847 FY25 701 (141) 560 FY26 636 (496) 140 FY27 406 (316) 90 Total $42829 $00 $42829



Indenture Amendments The law specifically gives the Board of Trustees the authority to make revisions to project budgets and related indentures It would be virtually impossible to manage a thirty-two-year capital program without the authority to make such adjustments These revisions are complex because 1) there are many projects 2) UConn must operate within statutory annual bond caps 3) tax-related expenditure requirements must be observed and 4) the adjustments to numerous lines generally involve projects that span a number of years While revisions may affect current projects given the annual bond caps they also have a rollout effect over the next decade The Board of Trustees has the authority to amend past indentures in order to reflect changes as project budgets are finalized or other events affect the capital budget for a given prior fiscal year At this time the University is separately proposing revisions to multiple Supplemental Indentures University Funds amp UConn Revenue Bonds Since there are insufficient State bonds to fund all capital projects UConn utilizes other fund sources for high priority capital and maintenance initiatives These requests are reviewed and approved in the same way as State bond funded projects In addition the University may choose to utilize cash balances to temporarily fund capital projects in advance of the issuance of new UConn Revenue bonds or to bridge cash flow for State bond funded projects The FY21 capital budget includes $55000000 of University funds for facilities repairs amp improvements programmatic renovations and athletics projects Attachments

Attachment A

Science Program

Academic Priorities

Deferred Maintenance

Other

Gant Building STEM Renovations 29600000 29600000 STEM Research Center Science 1 92000000 92000000 OtherContingency 4000000 4000000

125600000$ Infrastructure

Boiler Plant Equipment Replacement amp Utility Tunnel 10000000 10000000 Mirror Lake Improvements 2940000 2940000 Northwest Science Quad Electrical Upgrades 7000000 7000000 Northwest Science Quad Phase 2 Tunnel amp Site Improvements 27675000 27675000 Northwest Science Quad Supplemental Utility Plant 31000000 31000000

Pedestrian Safety Improvements‐Gateways Wayfinding Roadways 2365000 2365000 Classroom amp Lab Renovations 8750000 5250000 3500000 OtherContingency 26670000 3887500 14432500 8350000

Deferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilities

116400000

Equipment Library Collections amp Telecommunications 13000000 4812500 4562500 3625000 Residential Life Facilities 5000000 5000000

Total UCONN 2000 Bond Funded Projects 260000000$ 207337500$ 11950000$ 28362500$ 12350000$ University Funded Projects

Facilities Repairs amp Improvements (including Residential Life) 7000000 7000000 Programmatic Renovations 5000000 5000000 Athletic Stadia 18000000 18000000 Hockey Arena 20000000 20000000 OtherContingency 5000000 5000000

Total University Funded Projects 55000000$ ‐$ 5000000$ 7000000$ 43000000$ Grand Total FY21 Capital Budget 315000000$ 207337500$ 16950000$ 35362500$ 55350000$

Academic and Research Facilities

Projects less than $500000 are approved by UConn administrative committee Projects costing $500000 or more are submitted for Board action on a project by project basis

University of ConnecticutFY21 Capital Budget Spending Plan

Proposed Projects by Statutory Named Lines amp by ProgramBy Program

UCONN 2000 Bond Funded Projects by Statutory Named Lines Total

BOT 62420

Attachment B

Project FY05‐FY20 FY21 FY22‐FY27 Total Phase IIIChange from

62619Notes

Academic and Research Facilities $202407429 $125600000 $180503431 $508510860 ($21896569) reallocationArjona and Monteith (new classroom buildings) 128219871 128219871Avery Point Campus Undergraduate amp Library Building 10461246 10461246Avery Point Renovation 8327448 8327448Beach Hall Renovations 5146688 5146688Benton State Art Museum Addition 2903509 2903509Biobehavioral Complex Replacement 3495807 3495807Bishop Renovation 2480141 2480141Deferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilities 611490069 116400000 231043460 958933529 26001658 reallocationEngineering Building 92579390 92579390 (833432) project closeoutEquipment Library Collections amp Telecommunications 156091656 13000000 56284190 225375846Family Studies (DRM) Renovation 2868306 2868306Farm Buildings RepairsReplacement 6408304 6408304Fine Arts Phase II 40708924 40708924Floriculture Greenhouse 6691799 6691799Gant Building Renovations 12455770 12455770Gentry Renovation amp Completion 9628209 9628209Hartford Relocation AcquisitionRenovation 139027625 139027625 (972375) project closeoutHeating Plant Upgrade 11877724 11877724Intramural Recreational amp Intercollegiate Facilities 31009921 31009921Jorgensen Renovation 3899129 3899129 (35346) project closeoutKoons Hall RenovationAddition 1461146 1461146Lakeside Renovation 3800000 3800000Law School RenovationsImprovements 16660677 16660677Manchester Hall Renovation 772577 772577Mansfield Training School Improvements 3000000 2681285 5681285 14785 reallocationNatural History Museum Completion 500000 500000North Hillside Road Completion 6700000 6700000 (1500000) project closeoutOld Central Warehouse Renovation 126000 126000Parking Garage 3 75214 75214Psychology Building RenovationAddition 24337399 24337399Residential Life Facilities 140972476 5000000 8787634 154760110 (778721) reallocationSchool of PharmacyBiology 6000000 6000000Stamford Campus ImprovementsHousing 1500870 1500870Storrs Hall Addition 14664091 14664091Student Union Addition 13000000 13000000Support Facility (Architectural amp Engineering Services) 16583 16583Torrey Life Science Renovation amp Completion 1530373 1530373Torrington Campus Improvements 369156 369156Waterbury Downtown Campus 1608764 1608764West Hartford Campus RenovationsImprovements 6774305 6774305Young Building RenovationAddition 23651403 23651403SUBTOTAL FOR STORRS amp REGIONAL CAMPUS $1755700000 $260000000 $479300000 $2495000000CLAC Renovation Biosafety Level 3 Lab 15901466 15901466Deferred Maintenance‐UCH 51165520 51165520 214256 reallocationDental School Renovation 3525000 3525000Equipment Library Collections amp Telecom‐UCH 116429390 116429390LibraryStudent Computer Center Renovation 1266460 1266460Main Building Renovation 117484316 117484316Medical School Academic Building Renovation 39578232 39578232 (214256) project closeoutPlanning amp Design Costs 25000000 25000000Research Tower 67992229 67992229Support Building AdditionRenovation 100000 100000UCH New Construction and Renovation 387457387 387457387SUBTOTAL FOR HEALTH CENTER $825900000 ‐ ‐ $825900000GRAND TOTAL $2581600000 $260000000 $479300000 $3320900000

UCONN 2000 BondsState Bond Phasing Plan by Statutory Named Line for Informational Purposes Only ‐ Revised 62420

BOT 62420

ATTACHMENT 12

Board of TrusteesFinancial Affairs Committee61220

FY21 Spending Plan

Confidential working draft

June 12

bull Financial Affairs committee holds FY21 budget workshop

June 15

bull UCH Board of Directors meeting

June 24

bull BOT Meeting

bull Request to approve spending plans for FY21

July-August

bull Continue Clinical ramp up

bull Planning for On-campus and Online scenarios

bull Fall Semester begins

Timeline FY21 Budget Process

2

Working groups studying challenges and preparing implementation plans and safety guides

Fall decision will guide the budget scenario


Key Issues

Before the pandemic University generated operating surpluses but unfunded fringe legacy costs erased them

These high legacy costs impact our research and clinical competitiveness and we had taken steps to address this issue

Since the pandemic

bull UConn StorrsRegionals issued over $30 million in pro-rated student refunds of housing dining and parking fees

bull UConn Health stopped elective surgeries worth over $100 million to focus on COVID patients

Uncertainty on timing of pandemic leads to unknown risks and affects many decisions needed for developing the FY21 budget

3Confidential working draft

FY21 SERS Unfunded Legacy Costs

4

State reimburses UConnUCH for some unfunded legacy costs but we must use our own non-State funds to pay a large share of that liability plus retiree

health costs for a combined total of $85M in FY21

Other includes outside educational revenue indirect cost return from grants etc UCH received $332M additional State support in FY20 to help cover a portion of the unfunded pension liability and retiree health costsIncludes tuition contracts interns residents etc


Fund Type FY20 FY21TuitionFeesOther $216 $241Research $64 $69Non-State FundsLiabilities $280 $309

Fund Type FY20 FY21Clinical $269 $298SOMSODM Academic Units $150 $159Research Fund $78 $81Non-State FundsLiabilities $497 $538

Combined UConnUCH $777 $847

UConn (Storrs amp Regionals)

UConn Health

FY21 Operating Budget Risks

5

COVID Unknown student reaction towards either Fall scenario Potential for additional outbreak in the Fall even after students return

for on-campus learning

State Support Mid year appropriation rescissions or fund sweeps

Fringe Costs Fringe benefit rates continue to rise largely due to the Statersquos unfunded

pension liability and retiree health costs UConn has no control over the rates but must cover the associated costs with non-state funds (tuition and fees research and clinical revenues)

Patient Revenue Payer mix and volume uncontrollable Provider based reimbursement Consolidation of other systems reducing outside referrals DSS SupplementEnhanced payments Federal match


FY21 Deficit Mitigation Options

6

New Revenuebull Entrepreneurial programsbull Consolidate modernize and expand auxiliary

services Academic Program Review

bull Larger class sizesbull Eliminationreduction of programs with low

enrollment Athletics

bull Subsidy reduced by 25 ($10M over 3-5 years) Labor Expense Reductions

bull Pay raise deferralsbull Furloughs layoffs


With deficit projections ranging from $47M to $129M for UConn StorrsRegionals and $115M to $188M for UConn Health we must consider numerous potential mitigation options

Academic Savings

7

Budget decisions should be driven by our upcoming strategic plan and a metrics-driven approach at multiple levels

SchoolsCollegesbull Consideration of a new budget model that allocates resources based on priorities and

outcomes in key areas Student success Research Diversity equity and inclusion Responsible use of resources

Academic Departments and Programsbull Deans will make challenging decisions about their academic programs which will be

evaluated using metrics below and benchmarked against disciplinary peers at other institutions Instructional costs per credit hour Teaching load Research productivity

Center and Institutes (CI)bull Moving towards return on investment expectations for CI bull Instituting regular review process with clear outcomes and plans for sun-setting

UConn Storrs amp Regionals

Operating amp Capital Budgets


Balancing the Budget (Pre-COVID)UConn has resolved past budget gaps mostly through department

rescissions but these cut into core operations affecting productivity In last 4 years academic and administrative areas have been cut by $92M

9

Strategy FY18 FY19 FY20 FY21

Original Deficit (Pre-COVID) $ (391) $ (335) $ (405) $ (426)

Approved tuition increase net of financial aid 142$ 167$ 172$ 106$ State reimbursement of SEBAC payments 84 Additional revenues 20 Budget cuts allocated to departments(Includes attrition efficiency gains operational reductions)

253 144 280 250

Budget Gap resolutions 415$ 395$ 452$ 356$

Net Gain (Loss) 24$ 60$ 47$ (70)$ Additional attritionexpense savings expected throughout the year 70

-$

Deficit Mitigation (in millions)


FY21 Key Budget Assumptions (Pre-COVID) Flat State Appropriation (with CBIrsquos) BOT approved tuition plan 55 CBIrsquos for faculty and staff (Mgmt at 0)

15 fringe rate increase 3 and 4 departmental budget rescissions Flat room and board rates

FY21 Fall Scenarios

10

Given uncertainty we are planning based on multiple budget scenarios for FY21 The best case scenario is based on strong

deposits at June 1 deadline

In Millions ($M)

A On Campus Best Case

(INT -74 OSS +64)

B On Campus Mid Case

(INT -40 OSS -7)

C All Online WorstCase

(INT -65 OSS -50)

FY21 existing deficit 70 70 70

COVID impact

Loss of in-state students (CT) 82 87 61

Loss of international students (INT) 129 94 135

Loss of domestic out-of-state students (OSS) (99) 63 181

Lost housing revenue (net) 143 246 459

Lost dining revenue (net) 22 78 120

Lost fees 20 10 260

Reduced State Support 98 - -

COVID impact 395 578 1216

Total Budget Impact - FY21 $466 $648 $1286


FY21 Assumptions

11

Enrollment assumptions in best case based on remediation strategy and confirmed by June 1 deposits Middleworst case assumptions are theoretical

Residential assumptions based on social distancing policy


New students On-campusBest Case

On-campus Mid Case

Online Worst Case

In-state +1 -5 -5

Out-of-state +64 -7 -40

International -74 -50 -65

On-campus Best Case

On-campus Mid Case

Online Worst Case

Housing -25 -55 -100

Dining contracts -50 -66 -100

UConn FY21 Budget ScenariosUConn is monitoring various scenarios and developing strategies to mitigate the impact under each scenario


FY19Actuals

FY20Forecast

FY21 Budget (Pre-Covid)

FY21 Budget Covid

On-Campus Best Case

FY21 Budget Covid

On-Campus Mid Case

FY21 Budget Covid Online

Worst CaseRevenues

State Support 3567$ 3693$ 3970$ 3871$ 3970$ 3970$ Tuition 4264 4459 4620 4508 4376 4243MandatoryCourse Fees 1377 1467 1477 1457 1467 1217Grants amp Contracts 884 879 906 906 906 906Auxiliary Enterprise 2189 1844 2194 2029 1870 1615Other Revenue (incl Foundation reimb) 853 1014 886 886 886 886Research Fund 1222 1233 1269 1243 1243 1243Total Revenues 14355$ 14588$ 15322$ 14900$ 14718$ 14080$

ExpendituresSalaries amp Wages 5012 5242 5483 5483 5483 5483Fringe Benefits 2859 3051 3262 3262 3262 3262Other Expenses (incl energyequip) 2817 2785 2964 2964 2964 2964Student Financial Aid 1882 2136 2119 2119 2119 2119ProjectsDebt 496 308 305 305 305 305Research Fund 1224 1233 1259 1233 1233 1233Total Expenditures 14290$ 14755$ 15392$ 15366$ 15366$ 15366$

Net GainLoss 65$ (167)$ (70)$ (466)$ (648)$ (1286)$

FY21 Revenue by CategoryThe University relies more on tuition than any other revenue source at nearly 30 State support in the form of the block grant is only 138 of total revenues and when combined with the State fringe reimbursement only accounts for 26 from the State

Note Use of decimals may result in rounding differences


State Block Grant 2113State Fringe Benefits amp Adjustments 1857Total State Support 3970$ Tuition 4620MandatoryCourse Fees 1477Grants amp Contracts 906FoundationEndowment 346Sales amp Services 231Auxiliary Enterprise 2194Other Revenue 309

Total Operating Fund 14053$

Research Fund 1269

Total Revenues 15322$

Revenues ($M)

State Block Grant 138

State Fringe Benefits amp

Adjustments121

Tuition302

Fees 96

Auxiliary Enterprise

143

Grants amp Contracts

59Foundation

23Sales amp Services

15

Research Fund 81

Other Revenue

20

Students contribute about 54 of total revenues

FY21 Expense by Category


Salary and fringe benefit costs primarily due to the statersquos unfunded legacy costs are growing at a significant pace and account for over 57 of the Universityrsquos operating budget

Unfunded Liab and Retiree Health

42

Normal Current

Costs 58

14

Unfunded Fringe Liabilities ($M)Total costs $1378Less State Reimbursement ($1069)NET UConn funded costs $309


Salaries amp Wages 5483Fringe Benefits 3262Other Expenses 2498Energy 215Equipment 251Student Financial Aid 2119Debt Service 213Capital Projects 92Total Operating Fund 14133$

Research Fund 1259

Total Expenditures 15392$

Expenditures ($M)

Salaries amp Wages356

Fringe Benefits

212

Other Expenses

193

Student Financial Aid

138

Debt ServiceProjects

20

Research Fund82

Financial Aid

Undergraduate amp Graduate Aid ($M)

FY18 FY19 FY20 Forecast

FY21 Budget

FY18-FY21Change

University Supported $1195 $1292 $1416 $1493 $298State (includes R Willis Scholarship) 89 90 97 97 08Federal (PellSEOG) 312 353 461 351 39Other 106 148 164 176 70

Total Aid in Budget $1702 $1883 $2139 $2117 $415

University Supported includes undergraduate and graduate aid funded by tuition departmental revenue and work studyOther funding comes from the private sources such as the Foundation and Endowments

UConn is doing its part to ensure access and affordability by increasing financial aid support The Federal CARES act provided an additional

$1075M to allocate to students in FY20

University Supported aid has increased 25 over the last 3 years 63 of all undergraduates are receiving some form of gift aid 77 of gift aid for undergraduates is utilized to cover financial need


Capital Program Challenges

16

Instability in economy is contributing to workforce supply chain and funding uncertainty

COVID has created capital program risks and challenges that could result in project delaysbull Potential for workforce limitations interruptions or unavailability ndash job site

safety is highest prioritybull Unknown impact to supply chain for select materialsbull Future State funding is not guaranteed

Project delays result in increased costs and reduced project scopes current construction cost annual escalation estimated 4

Action planbull Communicate major capital project status to State leaders to ensure that the

essential future year funding remains intact bull Focus on minimizing active project delays and rebidding select projects to take

advantage of current market


Capital Budget Plan

17

Prior Auth FY21 FY22-FY27 Budget Status for FY21NW Quad Gant Science Building Renovation $1402 $296 $782 $2480 ConstructionNW Quad STEM Research Center Science 1 510 920 770 2200 ConstructionNW Quad Science Program Utility Plant amp Infrastructure 844 757 279 1880 ConstructionEngineering Lab Renovations 30 10 10 50 DesignConstructionClassroom amp Lab Renovations 86 43 644 772 DesignConstructionTorrey Demolition 125 125 PlanningMajor Equipment (Faculty Start-up) 1442 48 288 480 OngoingTotal Science Program $2073 $2898Classroom amp Lab Renovations 86 74 354 514 DesignConstructionMajor Equipment (Faculty Start-up ITS) 264 46 180 490 OngoingTotal Academic Priorities $120 $534Watershed Compliance 08 37 00 45 DesignConstructionHistoric Buildings Exterior Repairs (per SHPO agreement) 08 20 37 65 DesignConstructionPedestrian Safety Improvements 23 24 22 68 DesignConstructionWastewater Treatment Plant (Sewage) Repairs 350 350 PlanningDeferred Maintenance-All Campuses 765 203 741 1709 DesignConstructionTotal Deferred Maintenance $284 $1150

OtherContingency 124 212Total UCONN 2000 Bond Funded Projects for NextGenCT $13487 $2600 $4793 $20879

University Funded ProjectsDM Facilities Repairs amp Improvements 989 70 681 1740 DesignConstruction

Academic Programmatic Renovations 50 58 630 DesignConstructionAthletic Stadia 786 180 00 966 ConstructionHockey 150 200 330 680 ConstructionOtherContingency 50 216

Total University Funded Projects $1925 $550 $1807 $4282Grand Total Capital Budget $15412 $3150 $6599 $25161Project is or is anticipated to be constructed under a Project Labor AgreementExcludes other project funds not part of the Next Generation Connecticut initiative or previously approved

Defe

rred

M

aint

enan

ce

Academic

Other

UCONN 2000 Bond Funded Projects (in millions)Sc

ienc

e Pr

ogra

m


FY21 Capital Budget by Fund Source

Academic amp Research Facilities $1256 Gant Science Building Renovation STEM Science 1 Building

Infrastructure DM 786 Science Program Utilities Supplemental Utility Plant Central Utility Plant

Other DM 378 Programmatic Renovations Pedestrian Safety Improvements Contingency

Equipment 130 Faculty start-upresearch IT network

Residential Life 50 Repairs amp Renovations

UCONN 2000 State Bonds $2600

University Funds 550 Facilities amp Infrastructure Repairs Academic Renovations Athletics

Total Capital Budget $3150All capital projects costing $500K or more are submitted for Board action on a project by project basis

86 of the $315M capital budget will provide funding for active construction projects with the remaining 14 dedicated to

planning and design


Capital Program Summary

19

In spite of the negative COVID impacts UConn will continue to complete projects within the Capital Program

State bond funding currently in statute will support the NextGenCT Science Program as well as other required infrastructure projects

While future year State bond funding is not guaranteed UConn continues to work with the State to communicate project funding requirements

UConn will identify funding strategies to mitigate the negative impacts of any COVID related cost or delays while limiting the impact to the strained operating budget

Construction begins on the NW Quad Science projects which accomplishes the simultaneous goals of assisting in the Statersquos economic recovery from the COVID crisis as the construction value of these projects supports the creation andor preservation of thousands of jobs as well as working towards the Universityrsquos goal of doubling research


UConn HealthOperating Budget


FY 21 AssumptionsNet Patient Revenue (per month)

21

15000000

20000000

25000000

30000000

35000000

40000000

45000000

50000000

Jan -2020

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan -2021

Feb Mar Apr May Jun

Pre COVID COVID


Estimated Net Patient Revenue (May 2020 ndash June 2021)

bull The reduction of Net Patient revenue is the main driver of the FY 21 UCH deficit

Forecast (with COVID)

22

FY16 FY17 FY18 FY19 FY20 FY21Original Projection wo Intervention ($400) ($481) ($594) ($405) ($509) ($1149)Final Budget ($159) ($159) ($184) ($182) ($106)ActualsForecast FY20 (with COVID) ($126) ($154) ($99) ($177) (532)

($400)

($481)

($594)

($405)

($509)

($1149)

($159)($159) ($184) ($182)

($106)($126) ($154)($99)

($177)

($532)

($1400)

($1200)

($1000)

($800)

($600)

($400)

($200)

$00

FY2021 $538M is due to State Unfunded Legacy costs and FY2020 $497M

$559M Operations

$59M COVID

Fiscal Year 2020 Actuals vs Fiscal Year 2021 Proposed Budget - With COVID

23

Fiscal Year Fiscal Year 2020 2021

Revenues ActualsProposed

Budget Variance VarianceTuition and Fees 292$ 297$ 04$ 15Grants amp Contracts 838 894 56 63InternsResidents 715 777 62 80Net Patient Revenue 5019 5314 295 55Other Revenue 1771 1723 (48) -28

Total Revenue 8636$ 9005$ 369$ 41

ExpensesPersonal Services 4416$ 4753$ 337$ 71Fringe Benefits 2760 3099 339 110DrugsMedical Supplies 1289 1334 45 34Resident and Fellow house staff 580 618 38 61Utilities 134 150 15 103Interest Expense on Debt Service 93 92 (02) -20Other Expenses 2536 2563 27 11Depreciation 296 300 04 12

Total Expenses 12104$ 12908$ 804$ 62

Excess(Deficiency) of Revenues over Expenses (3469)$ (3903)$ (434)$ 111

Block Grant 1280$ 1329$ 50$ 37Fringe Reimbursement 1325 1424 99 70Additional Support-State Unfunded legacy costs 332 - (332) -1000

Total State Support 2937$ 2753$ (183)$ -67

Excess(Deficiency) (532)$ (1149)$ (618)$ -537


Cash

24

(40000000)

(20000000)

-

20000000

40000000

60000000

80000000

3312020 4302020 5312020 6302020 7312020 8312020 9302020Cash Balance 66011075 50246454 60822111 48930646 5598550 (9910334) (19410334)

UConn Health April to September Cash Balance ProjectionsMarch Actual April-September estimated


bull These estimates include a pending $31M loan from the federal Medicare Accelerated Payment Program If this loan is not approved UCH will go cash negative by the end of July

FY21 Revenue by CategoryPatient Care Revenue represents 45 of total revenue for UConn Health State support in the form of the block grant is only 11 of total revenues and when combined with the State fringe reimbursement only accounts for 23 from the State



Tuition amp Fees25 Research Grants

76Interns amp Residents

66

Patient Care452

Other Income147

State Block Grant113


Adjustments121

Other Revenue includes auxiliary services giftsendowments external contract revenue and internal income (offset by internal expense)

With COVID

State Block Grant 1329 State Fringe Benefits amp Adjustments 1424 Total State Support 2753$ Tuition 297 Grants amp Contracts 894 InternsResidents 777 Net Patient Revenue 5314 Other Revenue 1723


Revenue ($M)






73

Interns amp Residents62

Patient Care480

Other Income138


State Fringe Benefits amp Adjustments

115

Without COVID



Revenue ($M)






Fringe Benefits240

Drugs amp Medical Supplies

103

Patient Care4249

Other Expenses217 Debt

ServiceProjects23

NormalCurrent Costs603

Unfunded Liab and Retiree Health397

Other Expenses includes utilities data processing hardwaresoftware licensesmaintenance agreements food service rent telephone services internal expense (offset by internal income) and other outside purchased services

Salaries amp Wages 4753 Fringe Benefits 3099 Drugs amp Medical Supplies 1334 Resident and Fellow house staff 618 Other Expenses 2803 Debt ServiceProjects 300 Total Expenditures 12908$

Expenditures ($M)

With COVID

Unfunded Fringe Liabilities ($M)Total Costs 1231$ Less State Reimbursement (692) Net UCH Funded Costs 538$

Revenue Pie Chart CY Actuals

ampP

Patient Care4521

Tuition amp FeesResearch GrantsInterns amp ResidentsPatient CareOther IncomeState Support290606769040885471101524582256946175201389290306934

Patient Care4483


Expenses Pie Chart CY Actual

ampP

Personal ServicesFringe BenefitsMedDent HouseDrug amp Med SupOampOPSOther Expenses44171524028092605657927261143259516103619798203941098

Fringe Benefits1995


CY Bud vs CY Act wo COVID

ampP

Expenses Pie Chart NEW Budget

ampP


Fringe Benefits2004


CY Bud vs CY Act with COVID

ampP

New Bud vs CY Act wo COVID

ampP

New Bud vs CY Act with COVID

ampP

NEWBudvsCYAct-wo COVID

NEWBudvsCYAct-with COVID

Newbud Pre COVID - Storrs Forma

Rev Pie Chart NEWbudget w COVID

ampP

Tuition amp FeesResearch GrantsInterns amp ResidentsPatient CareOther IncomeState Block GrantFringe Benefits amp Adjustments296570229999999998940377499999999677735750999999993531423013999999971723130961329325220000000114240662499999999


JDH-wo COVID

ampP

UMG-wo COVID

ampP

JDH Stats 1

ampP

Patient Days

000041016403263899240660

Outpatient Equivalents

000011033118421273513933

Discharges

00008515848784848865

Average Length of Stay

000048484599999999999999645999999999999996

Make sure to review all stats in previous years - DO NOT include dental clinics - these numbers are including them

JDH Stats 2

ampP

Surgical Cases

Main

00006140626663746500 FSC

00004339506953545441

Emergency Department Visits

000099584110313109747109747

Payor Mix by Discharges

Payor Mix by Discharge

00000000Commercial

00000260250250Medicaid

00000230240240Medicare

00000440440440Other

000070000000000000007E-270000000000000007E-270000000000000007E-20

Days in Accounts Receivable

000038414241

UMG Stats 1

ampP

Physician RVUs

Physician RVUs

0000987303105568310394201149541

Expense Per RVU

000090069126701731889840876873076482242085110494314136821000485237151176

Net Revenue Per RVU

000075167436946914975686746286527300361077952193147925310026627845443694


000054524548

UMG Stats 2

ampP

Payor Mix by Gross Charges

(Excludes Anesthesiology)

0000Commercial

00000420404037Medicaid

000001801902021Medicare

0000034035036036Other

0000006006006006

Encounters (Excludes Anesthesiology)


0000618201660043651480690474

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp

Exp Pie Chart NEWbudget w COVID

ampP

Patient Care4249

Salaries amp WagesFringe BenefitsDrugs amp Medical SuppliesResident and Fellow house staff Other ExpensesDebt ServiceProjects475319963999999973099124969999999713342490100000001617900112803058889999999830

NormalCurrent CostsUnfunded Liab and Retiree Health1842357150980005812567678190199941

Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast

Unfunded legacy cost calcs

elimination summary

image1png

ATTACHMENT B

Page 1 Capital Project Expenditure Report

Current Funded Budget

Total Project Expenditures Project Status Total Fiscal Year

Expenditures UCONN 2000

BondsUniversity Operating Revenue Bonds Other Funding

Academic amp Research Facilities - Gant Building Renovations - STEM 140227606 93453930 Construction 33413940 33413940 Academic amp Research Facilities - Homer Babbidge Library Renovation 5700000 1418144 Construction 379508 379508 Academic amp Research Facilities - STEM Research Center Science 1 51000000 12075699 Construction 3721045 3721045

37514493 37514493 - - -

ABL Argus Software amp Hardware Retrofit 136300 136300 Construction 136300 136300 ABL Clean Steam Generator Replacement 150000 - Construction - ACE Water Heater Replacements 225000 40194 Construction 40194 40194 Alumni Quad Life Safety System Replacement 270000 260555 Construction 260555 260555 Andover Infrastructure amp Software Upgrade 400000 - PlanningDesign - Arjona 203 Wall Installation 30000 - PlanningDesign - Atwater A206 amp A210 BSC Replacement 3464 3464 Completed 3464 3464 Atwater Electrical Generator Replacement 250000 22500 PlanningDesign 22500 22500 Atwater Facade Repair 100000 - PlanningDesign - Austin Building Interior Locks 45000 - PlanningDesign - Avery Point - Academic Building Chemistry Lab Renovation 300000 226410 Construction 207075 207075 Avery Point Academic Building Roof Replacement 1270000 548365 Construction 498173 498173 Avery Point Community amp Professional Building Restrooms Renovation 433000 353654 Construction 285870 285870 Avery Point Community amp Professional Building Interior Upgrades 213180 213180 Completed 12900 12900 Avery Point Marine Sciences Building Retro Commissioning 526950 376093 Construction 376093 376093 Avery Point Sea Lab Floor Repair 30000 - PlanningDesign - Babbidge Library Electrical Distribution System Upgrade 2783000 2710742 Substantially Complete 195336 195336 Babbidge Library Window Cleaning 32728 - PlanningDesign - Ballard Institute and Museum of Puppetry HVAC Upgrade 9424 9424 Completed 2357 2357 Beach Hall Air Conditioning Repair 65000 - PlanningDesign - Beach Hall Geosciences Rock Prep Lab Renovation 25000 15450 Construction - Beach Hall Lab Renovations 5400000 3764188 Substantially Complete 468056 468056 Beach Hall-Renovation Rooms 319321 SLHS 26616 26616 Completed 7253 7253 Benton Art Museum Patio and Fountain Restoration 150000 17000 PlanningDesign 17000 17000 Bio 4 Annex Sustainability Office Relocation 142000 62444 Construction 62444 55107 7337 Biology Physics Interior Locks 99000 - PlanningDesign - Bishop Center 105-108 Offices 75000 - PlanningDesign - Bishop Center Roof - Electrical amp HVAC Upgrade 400000 160622 Construction 97770 97770 Boiler Plant Equipment Replacement 316136 316136 Completed 16686 16686 Boiler Plant Equipment Replacement and Utility Tunnel Connection 20000000 1423734 Construction 1423734 1423734 Bronwell 201 318 319 322 Renovation (TL2339) 155000 - PlanningDesign - Bronwell Switchgear Service Replacement 100000 4647 PlanningDesign 4647 4647 Buckley Hall Life Safety System Replacement 205003 205003 Completed 205003 205003 Budds Building 212213 Interior Door Removal 3500 931 Construction 931 931 Buddy Benches 5000 - PlanningDesign - Burton Family Football Complex Locker Replacement 882822 882822 Completed 485726 485726 Burton Hydrotherapy Mechanical Room Restoration 250000 - PlanningDesign - C2E2 Clean Room Renovation 51500 51500 Completed 51500 1500 50000 Campus Drainage Master Plan 365000 359829 PlanningDesign - Campus Insulation Program 482000 471425 Substantially Complete 278581 278581 Campus Wayfinding and Gateways - FO Phase 1 381487 381487 Completed 18515 18515 Campus Wayfinding and Gateways - FO Phase 2 347638 347638 Completed 17382 17382 Campus Wayfinding Improvements 1900000 1479143 Construction 876260 876260 Castleman 117 Computer Teaching Lab Renovation (TL2354) 160000 - Construction - Castleman 205 SoE Renovations (TL2328) 175000 - Construction - Castleman 306 Conference Room Renovation 69300 3844 PlanningDesign 3844 3844 Castleman Engineering Building Chiller Replacement 400000 329175 Substantially Complete 329175 329175 Central Campus Infrastructure 5000000 3462597 Substantially Complete 554069 554069 Central Campus Parking 1878962 1878962 Completed 139239 138700 539 Central Warehouse Parking Services Interior Renovation 267339 267339 Completed 195175 195175 Chemistry R316 Renovations 35100 - PlanningDesign - Chemistry Roof Snow Guard Repair 37500 - PlanningDesign - Clay Tile Sewer Pipe Relining Phase 3 446905 446905 Completed 421911 421911 Clay Tile Sewer Pipe Relining Phase 4 485000 367806 Construction 367806 367806 CPCA Work Station Configuration 71132 71132 Completed 48416 48416 CRT Jorgensen Sound System Upgrade 180500 14834 PlanningDesign -


Academic and Research Facilities TotalDeferred MaintenanceCode ComplianceADA ComplianceInfrastructure Improvements amp Renovation Lump Sum and Utility Administrative and Support Facilities

Storrs and Regional Campuses

University of ConnecticutCapital Project Expenditure Report - All Funding Sources

Fiscal Year 2020 as of 5312020

Fiscal Year to Date Expenditures By Funding Source

Project Name









Project Name

CUP Equipment Replacement and Pumping Improvements 23000000 13180624 Construction 3892102 3892102 Decentralized Heat at Warehouse and Facilities Operations 616864 616864 Completed 4000 4000 Depot C Building Sign Services Renovation 8000 8000 Completed 8000 8000 Depot Campus Hardscape Improvements 98130 58000 Construction 58000 58000 Dining Hall Facilities Ventilation Upgrades 892700 127003 Construction 126000 126000 East Campus Exterior Door Security Upgrades 52742 25252 Construction 25252 25252 East Central Campus Utility Upgrade 2613255 2613255 Completed 125618 120009 5609 Energy Services Performance Contract - Phase I (aka ESCO) 26876321 26876321 Completed 2078271 5248633 (3170362) Engineering II 108C New Faculty Lab 265000 17205 Construction 17205 17205 Engineering II 202 Upgrades 38500 2620 PlanningDesign 2620 2620 Engineering II 303 New Faculty Renovation 5800 3185 Construction 3185 3185 Engineering II Large Passenger Elevator Modernization 225000 55305 Construction 55305 55305 Engineering II Roof Replacement 950000 606157 Substantially Complete 56283 56283 Engineering Science Building - M Hann Clean Room 275000 44374 PlanningDesign - Environmental Health amp Safety Building Office Renovation 63873 63873 Completed 63873 63873 Eversource Second Electrical Feed - Planning 95000 30016 PlanningDesign (21484) (21484) Exigent Repair - Replacement of Steam amp Cond Piping 2000000 1695448 Construction 1695448 1695448 Fac Ops amp Building Services - Plant 6296678 5716235 Construction 339552 339552 Facilities Code Remediation 250000 23712 PlanningDesign 23712 23712 Facilities Operations Roof Repair and Restoration 626500 542263 Substantially Complete 15692 15692 Fairfield Way Entry Gates 48740 48740 Completed 1645 1645 Fairfield-SU-Hawley-Academic-Babbidge Bollard Install 62679 - PlanningDesign - Fenton River Well Field amp Road Repair 450000 99253 Construction 12362 12362 Fine Arts - 2nd Floor Fit Out 266000 - PlanningDesign - Fine Arts Air Conditioning 250000 - PlanningDesign - Fine Arts at Kirby Mills Renovation 475000 434243 Substantially Complete 25934 25934 Fine Arts Dark Room 32495 - Construction - Freitas Ice Rink Mechanical Repairs 200000 5946 Construction 5946 5946 Gampel Area Bollards 1077362 1077362 Completed 660171 660171 Gampel Electrical Generator Replacement 250000 - PlanningDesign - Gampel Pavilion Dome Ceiling and Roof Repair 11800000 11341671 Substantially Complete 1163192 1163192 Gampel Pavilion Enabling Power Upgrade 125000 42644 PlanningDesign 42644 42644 Gampel Room 106 KSI Renovation 80000 2846 PlanningDesign 2846 2694 152 Gampel Room 135A Platform Demo 5426 5426 Completed 5426 5426 Gant North - Minor Upgrades for IMS New Faculty Hires 350000 178921 Construction 128536 128536 Gelfenbien and North Dining Hall Dish Room Renovation 612803 612803 Completed 479160 479160 Gelfenbien Commons Equipment Access 211000 9405 Construction 9405 9405 Gelfenbien Patio Landscaping Improvements 255603 255603 Completed 234949 234949 George J Sherman Family-Sports Complex Field Restoration 1070000 779780 Substantially Complete 779780 779780 Hale Hall 15KV Electrical Service Repairs 868525 868525 Completed 110788 110788 Hartford - Student Academic Achievement Center Renovation 450000 284238 Construction 269447 269447 Hartford Graphic Art amp Interior Signage 150000 47959 PlanningDesign 47959 47959 Heating Plant Upgrade - Emergency Power System Upgrade 765000 435916 PlanningDesign 28924 28924 HEEP Pavilion and Pollinator Garden 50000 - PlanningDesign - High Head Emergency Generator System Replacement 1106040 931298 Construction 831037 831037 Homer Babbidge Library SoE Computational Labs (TL2329) 275000 9647 Construction 9648 8060 1588 Horse Unit amp Lorentzon Stables Refurbishment 300000 197070 Construction 197070 197070 Horse Unit 2 Paddock Fence Repair 170000 - PlanningDesign - Horsebarn Hill Pedestrian Safety Improvements 1750000 1282580 Substantially Complete 1143631 973814 169817 Horsebarn Hill Sewage Pump Station Upgrade 1500000 662585 Construction 621485 621485 Human Development Center SLHS Renovations 452822 452822 Completed 369012 369012 Human Performance Lab Prep Room 126500 109249 Substantially Complete 232 232 I-Lot Improvements 250000 22083 PlanningDesign 22083 22083 ITEB 114 CSE amp ECE Lab Renovation 42328 42328 Completed 42328 42328 ITEB 138 Cybersecurity Lab Reno 169731 169731 Completed 159309 159309 ITS Production Lab Move 2460 2460 Completed 2460 2460 Jones Building Heating Replacement 350000 256625 Construction 256625 256625 Jones Building High Voltage and Repairs 485000 97801 Construction 97801 97801 Jorgensen Basement HVAC Repairs 9424 9424 Completed 2357 2357 Jorgensen Building Envelope Study 64000 44397 PlanningDesign 2024 2024 Jorgensen Center Chillers Replacement 489000 - Construction - Kellogg Dairy Center Robotic Milkers 1856602 1856602 Completed 19399 19399 Kennedy Cottage FMBIO Conference Room Upgrade 55000 28545 Construction 28545 28545 Kinesiology Building HALL Renovation (TL2355) 100000 - Construction -









Project Name

Kirby Mills First Floor Renovation 400000 10310 PlanningDesign 10310 10310 Koons Hall 317 Lab Renovation 46168 46168 Completed 46168 46168 Koons Hall Renovation 5500000 5389308 Substantially Complete 45164 45164 Lakeside Building Parking Reconfiguration 45787 45787 Completed 45787 45787 Landscape Barn and Administrative Building Replacement Planning 1400000 213879 PlanningDesign 199413 199413 Law School Carpet Replacement Law Library 16772 - Construction - Law School Knight Hall Elevator Modernization 400000 321137 Construction 321137 321137 Law School Library Cooling Tower Replacement 460596 460596 Completed 38079 38079 LeDoyt Road Improvements Study 17000 4875 Construction 4875 4875 Liberman Sculpture Relocation 19600 13648 Substantially Complete 13648 13648 Life Safety System Upgrade at Bookstore amp South Garage 200000 - Construction - Litchfield and Windham Hall Electrical Service Repairs 493001 493001 Completed 226022 226022 Longley Bathroom Renovations 89310 65342 PlanningDesign 61852 61852 Longley Lab 114 Renovation (Depot Campus) 65229 65229 Completed 5152 564 4588 Main Campus Parking Replacements 12000000 9458598 Substantially Complete 4185411 4182321 3090 Main Campus Substation Switchgear Relay Replacement 565000 32000 Construction 32000 32000 Mansfield Road Paving Phase I 150000 - PlanningDesign - McConaughy Hall Electrical Replacement 112181 112181 Completed 112181 112181 Middlesex Extension Ctr Bathroom Renovations 240000 183480 Construction 154331 154331 Mirror Lake Improvements 60000 - PlanningDesign - Misc Abatement and Demolitions Projects 359000 - PlanningDesign - Mold Lead Asbestos Remediation 2438216 2084491 Construction 806504 806504 N Eagleville Rd Area Infrastr Repair Replace amp Upgrade Phase III 57500000 55823699 Substantially Complete 1645501 1645501 N Eagleville Road and Discovery Drive Intersection Improvements 150000 - PlanningDesign - North and South Parking Garage Restoration 300000 42006 Construction 42006 42006 North Campus Dining CeilingLighting Replacement 115808 115808 Completed 86041 86041 North Campus Power amp Communication Reliability Upgrades Planning 150000 99419 PlanningDesign - North Eagleville Road East Steam Repair 200000 - PlanningDesign - North East Residence Halls - Security Camera System 1602180 329353 Construction 92369 92369 North Residence Dining - Dish Room Renovation 850000 4977 PlanningDesign 4977 4977 Northeast Science Quad Site Improvements 2000000 1800864 Substantially Complete 1607922 1607922 Northwest Quad - Science 1 - Site Improvements amp Tunnel Phase II 28325000 3146908 Construction 1600076 1600076 Northwest Science Quad Infrastructure - Phase 1 20750000 19857217 Substantially Complete 1253460 1253460 Northwest Science Quad Infrastructure - Phase 3 700000 225245 PlanningDesign - Northwest Science Quad Supplemental Utility Plant 36000000 3811756 Construction 1015345 1015345 NW Quad Residence Halls Plumbing Replacement 263000 66554 Construction 44065 44065 Olympic Monument 122000 - PlanningDesign - Pharmacy Biology 102 PNB Hood Removal 4586 4586 Completed 4586 4586 Philip E Austin 105108110 amp Lecture Halls Upgrades 125500 33148 Construction 33148 33148 Philip E Austin Lecture Hall AV Support Upgrades 8691 8691 Completed 8691 8691 Public Safety Building Improvements 4550000 440290 PlanningDesign 247015 247015 Purchase of 88 Gurleyville Road - Lodewick House 750561 750561 Completed 750561 750561 Refrigeration Upgrades McConaughy Hall NC-11 217486 217486 Completed 169264 169264 Res Life Facilities - Restroom Rehabilitation Program Phase 1 2200000 1602689 Substantially Complete 1102710 1102710 Sale of the Nathan Hale Inn 100000 84283 Substantially Complete 40358 40358 School of Business - Roof Repairs 435845 8008 PlanningDesign 8008 8008 School of Business Classrooms AV Support 3842 3842 Completed 3842 3842 School of Engineering ITEB Rm 140 Renovation (TL2340) 35000 1291 PlanningDesign 1291 1291 SFA Computer Lab Renovation 75000 - PlanningDesign - ShippeeBuckleyWhitney Lock HardwareKeying 97476 93893 Construction 93893 93893 South Campus Commons Landscape amp Pedestrian Improvement Plan 5000000 1642855 Construction 189561 189561 South Campus Fire Pump Replacement 220160 - Construction - South Campus Stair Repair 765000 612148 Substantially Complete 3399 3399 South East Campus Infrastructure 5000000 4360560 Construction 4072114 4072114 Southwest Campus Infrastructure Upgrade 10000000 8811036 Substantially Complete 827255 827255 Stamford Abutting Property Restoration 2500000 1442702 Construction 1439612 1439612 Stamford Campus Garage - Demolition 10000000 8069560 Substantially Complete 582916 582916 Stamford Campus Police Substation Relocation 490000 447746 Substantially Complete 13580 13580 Stamford Campus Surface Parking Lot 4500000 3059992 Substantially Complete 432776 432776 Stamford Classroom 220 Renovation 425000 378971 Construction 312002 312002 Steam Line Repairs - Vault 304 to Central Utility Plant 700000 663828 Substantially Complete 153421 153421 Storrs Hall 001 002 011 Classroom Upgrades 295900 - PlanningDesign - Storrs Hall 1st amp 2nd Floor Bathroom 255000 181917 Substantially Complete 158432 158432 Storrs Hall 215 School of Nursing Renovation (TL2318) 152975 8824 PlanningDesign 8824 8824









Project Name

Storrs LED (SLED) Lighting Upgrade 2496000 1033350 Construction 667350 667350 Storrs LED (SLED) Lighting Upgrade - Athletic Facilities 1377772 1103170 Construction 830170 830170 Student Health Services Bldg - Pre-design amp Planning 447700 - PlanningDesign - Student Housing Master Plan 450000 - PlanningDesign - Student Union - QSR Dining Buildout 700000 438515 Substantially Complete 403855 403855 Student Union 314 Renovation 210610 210610 Completed 180754 180754 Student Union East Elevation Curtain Wall amp Masonry Repairs 1500000 1424870 Substantially Complete - Student Union Office Upgrades 420000 38475 PlanningDesign 38475 38475 Tasker Admissions Roof Restoration 100000 - Construction - Tennis Court Repairs 48636 - Construction - Tennis Courts Field Exploration Study 8619 8619 Completed 8619 8619 TLS Building Cooling Tower Replacement 150000 - PlanningDesign - Torrey Life Science Genetech Access Control Installation 46541 46541 Completed 46541 46541 Torrey Life Sciences 2nd Floor Biology Renovation 900000 74155 PlanningDesign 74155 74155 Torrey Life Sciences 415 amp 417 Lab Renovations (TL2325) 100000 - PlanningDesign - Torrey Life Sciences Facade Repair 100000 - PlanningDesign - Torrey Life Sciences Interior Locks 11000 - PlanningDesign - Towers Dorm T-5 Heating Replacement 300000 286660 Construction 286660 286660 Towers Mechanical Rooms Restoration 300000 - PlanningDesign - UCFM Code Remediation - Campus Wide Laundry Alterations 3300000 2262331 Substantially Complete 1684058 1684058 UCFM Code Remediation - Hall Building 146200 60918 PlanningDesign 48680 48680 UCFM Code Remediation - Longley School-Depot Campus 497000 368209 Construction 29048 29048 UCFM Code Remediation - South Parking Garage 473000 238182 Construction 185480 185480 UCFM Code Remediation - Williams Health Services Building 135000 96831 Substantially Complete 24341 24341 UConn 2000 Code Remed - Northwest Residence Halls 1598735 1176115 Construction 25701 25701 UConn 2000 Code Remed - South Campus Laundry 758101 758101 Completed - - UConn 2000 Code Remed - Stamford Downtown Relocation 4000000 1225310 Construction 46682 46682 UConn 2000 Code Remed - Wilbur Cross Building 1640000 1563224 Construction 157437 157437 UConn Hartford School of Business - 4th Floor BAPM Suite 202521 202521 Completed 1318 1318 UConn Hockey Arena 2850000 1397654 PlanningDesign 1375073 1375073 UConn School of Fine Arts - Wadsworth Athenaeum 700000 453689 Substantially Complete 390568 390568 UConn Stamford Mill River Remediation 450000 32874 Construction 32874 32874 University Athletic District Development (aka Stadia) 24300000 8364496 Construction 8364496 8364496 University Dams Evaluation and Restoration 230000 - PlanningDesign - UTEB Freshman Design Teach Lab Renovation 464289 464289 Completed 59270 59270 UTEB Passenger Elevator Modernization 160000 54634 Construction 54634 54634 Utility Framework - Utility System Modeling 749572 749572 Completed - Utility Infrastructure GIS Mapping 3236000 730223 PlanningDesign 36041 36041 Von Der Mehden Hall Roof Restoration 200000 - PlanningDesign - Von der Mehden Recital Hall Upgrades 362782 362782 Completed 12827 12827 WampT Lot Electrical and Parking Restoration 2844000 2824502 Substantially Complete 2524839 2524839 Waterbury Chiller 1 Replacement 300000 249000 Substantially Complete 249000 249000 Waterbury Garage Repairs 87004 - Construction - Waterbury Life Safety System Replacement 137755 137755 Completed 81003 81003 Werth Basketball PantryDining Services 23000 2766 Construction 2766 2766 Werth Family Basketball Champions Center Hall of Fame 3465000 3378340 Substantially Complete 293575 77835 215740 West Campus Dorms Mechanical Room Repairs 300000 - PlanningDesign - Whitney Hall Dining Renovations 4200000 3591884 Substantially Complete 2843629 2843629 Wilbur Cross Dome and Facade Restoration 250000 12924 PlanningDesign 12924 12924 Wilbur Cross Reading Rooms Finish Upgrades 2768977 2768977 Completed 160016 8622 151394 Wired Access Layer (UPDC) - Phase I 400000 49033 PlanningDesign 49033 49033 WPCF Chlorine Contact Chamber Rehabilitation 200000 68035 Construction 68035 68035 Y amp Z Parking Lots and Electrical Restoration 99600 38231 Construction 38231 38231 Young 219 Office Renovation 70000 - PlanningDesign -

70259947 47793034 21503115 - 963798

Engineering Building - Engineering amp Science Building 93300000 92400527 Substantially Complete 1153661 1153661 1153661 1153661 - - -

Academic Capital Equipment 5558649 4305863 Underway 294800 294800 eProcurement SciQuest Software Implementation 1401737 974122 Substantially Complete 3193 3193 Gampel Audio System Replacement 600000 593096 Substantially Complete 278087 278087 Gampel Pavilion Wireless Infrastructure 550000 494946 Substantially Complete 494946 494946 ITS Capital Equipment 32996331 29490987 Underway 2449998 2449998

DMCodeADAInfrastructureRenovationUtilityAdministrativeSupport Facilities TotalEngineering Building

Engineering Building TotalEquipment Library Collections amp Telecommunications - Phase III









Project Name

Public Safety Capital Equipment 15119192 14835310 Underway 1546641 1546641 Recruiting amp Onboarding System Implementation 365443 365443 Completed 177563 177563 Travel Management amp Expense Reimbursement System Implementation 1148103 1011246 Underway 766823 766823 Wired Access Layer (ITS) - Phase I 3621000 1116729 Construction 963335 963335

6975386 6027807 947579 - -

Farm Buildings Repair Replace - Spring Hill Farm 3740000 3596102 Substantially Complete 262103 1119 260984 262103 1119 260984 - -

Fine Arts Phase II - Renovation amp Improvements 37409196 31450945 Construction 17800858 17514412 286446 17800858 17514412 - - 286446

Hartford Relocation Acquisition Renovation 139027625 139027625 Completed 18390 18390 18390 18390 - - -

Central Campus Infrastructure 25000000 24523344 Substantially Complete 440144 440144 Student Recreation Center 98000000 95622281 Substantially Complete 17224882 17224882 University Athletic District Development (aka Stadia) 43750000 41310152 Construction 30948528 30892838 55690

48613554 - - 48557864 55690

Jorgensen Renovation - HVAC Renewal 1814654 1814654 Completed 12276 12276 12276 12276 - - -

North Hillside Road Completion 20364790 18593650 Substantially Complete 36652 (28894) 65546 36652 (28894) - - 65546

Res Life Facilities - Alumni Quad Roof amp Facade Renovation 193000 126187 PlanningDesign 120857 120857 Res Life Facilities - Alumni Res Hall Granite Restoration 645000 338375 PlanningDesign 67360 67360 Res Life Facilities - Buckley Hall Facade Renovation 425000 63369 PlanningDesign - Res Life Facilities - East Campus Door Hardware Replacement 12920 12920 Completed 2070 2070 Res Life Facilities - Hicks and Grange Student Room Renovation 1600000 76127 PlanningDesign 76127 76127 Res Life Facilities - Hilltop Apartments Upgrades 55000 - PlanningDesign - Res Life Facilities - Hilltop Apt Complex Roof Repairs - Phase III 1519493 1519493 Completed 80 80 Res Life Facilities - McMahon Hall Envelope Repairs 499000 201167 PlanningDesign 49955 49955 Res Life Facilities - Next Generation Conn Hall 95792776 95792776 Completed 23619 23619 Res Life Facilities - North Campus Residence Hall Reno - Phase II 2170000 36534 PlanningDesign 36534 36534 Res Life Facilities - North Res Steam to Hot Water Conversion 5000 - PlanningDesign - Res Life Facilities - North Residence Halls Roof Refurb Phase II 1576000 1228568 Substantially Complete 1211017 1211017 Res Life Facilities - Northwood Chimney Renovation 108299 108299 Completed 98802 98802 Res Life Facilities - Residence Halls Door Access Reader Upgrade 428000 42892 PlanningDesign 42892 42892 Res Life Facilities - Upgrade Rome Ballroom HVAC 340000 261481 PlanningDesign -

1729313 1729313

School of Pharmacy Medicinal Garden 915000 694489 Substantially Complete 89196 89196 89196 89196 - - -

Tech Quad Phase III - Innovation Partnership Building 162300000 157613644 Substantially Complete 5612682 5612682 5612682 - - - 5612682

190078511 111824807 22711678 48557864 6984162

UCHC Deferred Maintenance 50951264 48925754 Construction 652621 652621 652621 652621 - - -

UCHC New Construction amp Renovation - Clinic Building 1500000 1500000 Substantially Complete 1500000 1500000 UCHC Capital Equipment 74399314 70772264 Underway 1990373 1990373

3490373 3490373 - - -

UCHC New Construction amp Renovation - Clinic Building 870000 870000 Substantially Complete 870000 870000 870000 870000 - - -

UCHC Academic Building Addition Renovations 35880745 35880745 Completed 34339 34339

Technology Quadrant-Phase III

Technology Quadrant-Phase III TotalSub Total - Storrs amp Regional Campuses

UConn Health Center (UCONN 2000 Funding Only)Def MtnCode amp ADA CmpInf Imp amp Reno Lump SumUAampS Fac-UCHC

Def MtnCode amp ADA CmpInf Imp amp Reno Lump SumUAampS Fac-UCHC TotalEquipment Library Collections amp Telecommunications-UCHC

Equipment Library Collections amp Telecommunications-UCHC TotalMain Building Renovation

Main Building Renovation TotalMedical School Academic Building Renovation

School of PharmacyBiology Completion Total

Hartford Relocation AcquisitionRenovation

Hartford Relocation AcquisitionRenovation TotalIntramural Recreational amp Intercollegiate Facilities

Intramural Recreational amp Intercollegiate Facilities TotalJorgensen Renovation

Jorgensen Renovation TotalNorth Hillside Road Completion

North Hillside Road Completion TotalResidential Life Facilities

Residential Life Facilities TotalSchool of PharmacyBiology Completion

Fine Arts Phase II Total

Equipment Library Collections amp Telecommunications - Phase III TotalFarm Buildings RepairsReplacement

Farm Buildings RepairsReplacement TotalFine Arts Phase II









Project Name

34339 34339 - - -


6103092 6103092 - - -

196181603$ 117927899$ 22711678$ 48557864$ 6984162$

-$ 3199256$ (3170362)$ -$ (28894)$

196181603$ 121127155$ 19541316$ 48557864$ 6955268$ Adjusted Total - Storrs Regional Campuses and UConn Health Center - Current Year Expenditures - Current Funded Budget may be less than the approved budget and represents the current funding available for the project

- Other funding sources include State Bond Funds Gifts Grants and Federal Funds

- Per Capital Projects Policies and Procedures transfers between funding sources may occur periodically as determined necessary by the Office of Budget and Planning and approved by the Board of Trustees if necessary If a current period transfer captures expenses paid in a previous fiscal year a negative balance occurs in the report This adjustment corrects for prior year expenditures in the current year transfers

UCHC New Construction amp Renovation

UCHC New Construction amp Renovation Total

Sub Total - UConn Health Center (UCONN 2000 Funding Only)

Total - Storrs Regional Campuses and UConn Health Center - Current Year Expenditures

Adjustment for Transfers Between Fund Sources

Medical School Academic Building Renovation Total

PRESENTATION ITEM ATTACHMENT

ATTACHMENT

13) Capital Project Expenditure Report ndash All Funding Sources B


EXECUTIVE SESSION (As Needed)

062420 BOT Contracts - APPROVALpdf

62420 Approval

BOT UCF SOW Res FY21 5252020 - FINALpdf

UCF-UConn Master Agreement Final 5202020pdf

FOR THE UNIVERSITY OF CONNECTICUT

APPROVED AS TO FORM

27th Supplemental Indenture Resolution 062420pdf

RECOMMENDATION

BACKGROUND

27th Supplemental Indenture Appendix Apdf



TABLE OF CONTENTS

Page


IN WITNESS WHEREOF the University of Connecticut has caused this Twenty-seventh Supplemental Indenture to be signed by its President and sealed the same with its seal attested by an Authorized Officer and the Trustee for itself and its successor o

THE UNIVERSITY OF CONNECTICUT

By

___________________

ATTEST

By


By


PB Wired Access Layer Infrastructure Refresh BOT June-2020 Phase II finalpdf

IT WALR P2 Final 62420pdf

Phase ll WALR for BOT

Reallocation 20th Supplemental Indenture BOT 62619pdf

TWENTIETH SUPPLEMENTAL INDENTURE

Reallocation 22nd Supplemental Indenture BOT 62420pdf

BACKGROUND

TWENTY-SECOND SUPPLEMENTAL INDENTURE

Reallocation 23rd Supplemental Indenture BOT 62420pdf

BACKGROUND

TWENTY-THIRD SUPPLEMENTAL INDENTURE

Cap Proj Exp Report 5-31-20 - Info Att Bpdf

Report 1

BOT UCF SOW Res FY21 061220 - FINAL w Attpdf

UCF-UConn Master Agreement Final 5202020 - SOW ATTACHMENTpdf


APPROVED AS TO FORM

FY21_Budget_FinAffairs BUDGET PRESENTATION - FINAL 061220pdf



Key Issues




Academic Savings

UConn Storrs amp RegionalsOperating amp Capital Budgets

Balancing the Budget (Pre-COVID)

FY21 Fall Scenarios

FY21 Assumptions

UConn FY21 Budget Scenarios

FY21 Revenue by Category


Financial Aid


Capital Budget Plan







Cash




CUBE uchc_prdIncome_Statement

uchc_prdMeasure Amount

uchc_prdOrganization 1 - UCHC

uchc_prdActivity Activity All Plus Offset -

uchc_prdProgram All Programs -

uchc_prdPeriod Total Fiscal Year

Actual Actual Annualized Forecast Budget Proposed Budget with Reallocations

2016 2016 2016 2017 2016

72563 - JDH IP Agree-CMHC 270041 - CMHC Central Office In Patient JDH - 0 - 0 - 0 - 0 107680

72563 - JDH IP Agree-CMHC 270049 - CMHC High Level Entries 50000 60000 100000 100000 - 0

50000 60000 100000 100000 107680

72564 - JDH OP Svcs-CMHC 270027 - Halfway Houses 11202 13442 10136 10136 55000

72564 - JDH OP Svcs-CMHC 270049 - CMHC High Level Entries (210049) (252059) (599208) (599208) - 0

72564 - JDH OP Svcs-CMHC 270052 - Osborn (Med) 697447 836936 717436 717436 850000

72564 - JDH OP Svcs-CMHC 270056 - Enfield (Med) 6109 7330 7681 7681 30000

72564 - JDH OP Svcs-CMHC 270061 - Garner (Med) 176195 211434 241798 241798 215000

72564 - JDH OP Svcs-CMHC 270065 - Brooklyn (Med) 2449 2939 4682 4682 - 0

72564 - JDH OP Svcs-CMHC 270071 - CorriganRadgowski (Med) 163135 195762 141881 141881 160000

72564 - JDH OP Svcs-CMHC 270079 - MacdougallWalker (Med) 629936 755924 686057 686057 900000

72564 - JDH OP Svcs-CMHC 270085 - York (Med) 286314 344645 295069 295069 375000

72564 - JDH OP Svcs-CMHC 270093 - Bridgeport (Med) 102305 122766 112716 112716 85000

72564 - JDH OP Svcs-CMHC 270097 - New Haven (Med) 162364 194837 270057 270057 125000

72564 - JDH OP Svcs-CMHC 270101 - Hartford (Med) 104692 125631 159577 159577 132000

72564 - JDH OP Svcs-CMHC 270105 - Cheshire (Med) 201766 242119 168492 168492 220000

72564 - JDH OP Svcs-CMHC 270113 - Manson Youth (Med) 17186 20623 13071 13071 70400

72564 - JDH OP Svcs-CMHC 270119 - WillardCybulski (Med) 142811 171373 173646 173646 150000

72564 - JDH OP Svcs-CMHC 270127 - Northern (Med) 26182 31418 39283 39283 72000

72564 - JDH OP Svcs-CMHC 270132 - Robinson (Med) 95238 114286 107699 107699 95000

2615282 3139407 2550073 2550073 3534400

72566 - UMG OP Svcs-CMHC 270020 - CMHC Central Office Admin 5533 6640 4697 4697 - 0

72566 - UMG OP Svcs-CMHC 270027 - Halfway Houses 3736 4484 5328 5328 10000

72566 - UMG OP Svcs-CMHC 270049 - CMHC High Level Entries (33460) (40152) (66070) (66070) - 0

72566 - UMG OP Svcs-CMHC 270052 - Osborn (Med) 113782 136538 125142 125142 150000

72566 - UMG OP Svcs-CMHC 270056 - Enfield (Med) 3396 4076 6131 6131 10000

72566 - UMG OP Svcs-CMHC 270061 - Garner (Med) 26416 31699 29307 29307 50000

72566 - UMG OP Svcs-CMHC 270065 - Brooklyn (Med) 590 709 1181 1181 20000

72566 - UMG OP Svcs-CMHC 270071 - CorriganRadgowski (Med) 26134 31361 34570 34570 35000

72566 - UMG OP Svcs-CMHC 270079 - MacdougallWalker (Med) 134078 160894 156073 156073 220000

72566 - UMG OP Svcs-CMHC 270085 - York (Med) 36340 43608 37374 37374 65000

72566 - UMG OP Svcs-CMHC 270093 - Bridgeport (Med) 18085 21702 22384 22384 30000

72566 - UMG OP Svcs-CMHC 270097 - New Haven (Med) 18098 21718 21594 21594 30000

72566 - UMG OP Svcs-CMHC 270101 - Hartford (Med) 29155 34986 39862 39862 60000

72566 - UMG OP Svcs-CMHC 270105 - Cheshire (Med) 31531 37837 33071 33071 30000

72566 - UMG OP Svcs-CMHC 270113 - Manson Youth (Med) 12794 15353 22376 22376 10000

72566 - UMG OP Svcs-CMHC 270119 - WillardCybulski (Med) 21369 25642 28243 28243 35000

72566 - UMG OP Svcs-CMHC 270127 - Northern (Med) 3025 3630 3359 3359 10887

72566 - UMG OP Svcs-CMHC 270132 - Robinson (Med) 17333 20800 17422 17422 25000

467936 561523 522042 522042 790887

SERS Regular Retirement Rate Components FY 2020

of total rate

Employer Contributions for Retirement (Actuarys Report) - Normal Cost 132907244 (A) 736

Employer Contributions for Retirement (Actuarys Report) - Unfunded Liability 935060460 (B) 5177

SERS - Tier 4 Defined Contribution - Employer 2555349 014 8568

Retiree Health Insurance Costs (SERS Regular) 612446124 3391

Other Post Employment Benefit (OPEB) - State Contribution 83909650 465

Retirement Administration Costs - SERS Regular 10323525 057

Roll-Forward and Other Adjustments 28874702 160

1000

Total SERS Regular Cost Pool 1806077054

Projected Salary Base for SERS Regular Actives 3010838540

SERS Regular Retirement Rate (Cost PoolSalary Base) 5999

Unfunded Retirement Report Summary 52120 1406

Version Actual

Fiscal_Year 2020

Organization All Organizations -

Activity Activity All Plus Offset -

Program All Programs -

Position_Code All Position Codes

Title All Titles -

Employee_Class All Employee Classes

Account_Income_Statement 65001 - Retirement

Measure Revised Amount

Pay_Period 23 YTD

23 YTD Unfunded Unfunded Retirement Cost

All Funds - R01 23292411 000 0

All Funds - R02 83717450 8568 71729111

All Funds - R04 355107 000 0 Total Retirement - annualized SERS portion of Retirement portion unfunded

All Funds - R10 33899141 8568 29044784 159689863 132957886 113918317

10 - General Operations R01 306862 000 0 8568

10 - General Operations R02 49933436 8568 42782968


10 - General Operations R10 14875638 8568 12745446 73616590 73262431 62771251

20 - Operating Fund R01 13401069 000 0

20 - Operating Fund R02 14325884 8568 12274418

20 - Operating Fund R04 127556 000 0

20 - Operating Fund R10 9724843 8568 8332246

30 - Designated Funds R01 163479 000 0



40 - Rsch-Related Unrestricted Operating R01 157534 000 0




50 - Federal Restricted R01 939909 000 0




60 - Non-Federal Restricted R01 602051 000 0




80 - Clinical Funds R01 7721507 000 0

80 - Clinical Funds R02 14909629 8568 12774570

80 - Clinical Funds R04 174161 000 0

80 - Clinical Funds R10 6018166 8568 5156365

All Funds-FS - R01 23292411 000 0 8527

All Funds-FS - R02 83717450 8568 71729111 4610 5510 5510

All Funds-FS - R04 355107 000 0

All Funds-FS - R10 33899141 8568 29044784

UMG - R01 6152483 000 0

UMG - R02 15287053 8568 13097947

UMG - R04 125896 000 0

UMG - R10 7566264 8568 6482775

JDH-Hospital - R01 7816582 000 0

JDH-Hospital - R02 35876255 8568 30738775

JDH-Hospital - R04 180593 000 0

JDH-Hospital - R10 10762462 8568 9221278

All Funds-FS -

Forecast

2020

6A - Salary Expense 441715240

65000 - Employee Fringe Benefit Expense 3216000

65001 - Retirement 160425864 5711

65003 - Health Insurance 82578534

65005 - FICA (OASDI) 18303851

65007 - FICA (Medicare) 5851528

65009 - Group Life Insurance 275834

65011 - Unemployment Insurance (0)

65013 - Workers Compensation 3448802

65017 - Tuition Reimbursement-UHP 176952

65018 - Tuition Reimbursement-Mgrl Confiden 29552

65020 - Fringe Benefits Adj - Manual 5491041

65025 - Salary Cap Fringe Adjustment 0

65026 - Graduate Assistant Benefit - Manual 36635

65030 - Accrued Fringe Benefits Comp Abs 731250

65031 - Accrued Employee Fringe Benefits 2514507

65032 - Fringe Percentage Chargeback (0)

65035 - Payout at Separation Adjustment-FB (2154293)

6B - Fringe Benefits(FS) - 280926056

SERS cost only 132957886

4733

Fiscal_Year 2020

Fund All Funds-FS -

Organization 1 - UCHC



Period February

FY2020

Total Fiscal Year

Forecast (Remaining Budget with EST Covid-19 adjustment)

5AB - Tuition amp Fees - 29211331

5C - Federal Grant Revenue 56758304

5D - Non-Fed Research Grants amp Contracts 27027502

5E - Auxiliary Services 20600073

5F - IntRes Distribution 71530837

5G - Net Patient Care Revenue 501935048

5I - Gift amp Endowment Income 5097842

5J - Contractual amp Other Income 82960140

FampA Recoveries - 4254

5L - Investment Income 691198

5M - Internal Income 67771693

Total Revenue-FS - 863588223


6B - Fringe Benefits 275971026

7A - Internal Contractual Support 69754092

7B - MedicalDental House Staff 58004910

710 - Medical Contractual Support 18997352

715 - TemporaryPer Diem Staff 3908084

720 - Utilities 13418319

Outside amp Other Purchased Services - 99438243

730 - Insurance(FS) - 6671270

735 - Repair and Maintenance 17646426

750 - Drugs 69648124

755 - Medical Supplies 59268667

Other Expenses - 22797146

7H - Grants Sub-Contracts 14287334

7I - Grants Close Out Exp Adj 59445

770 - Debt Services 9349033

Depreciation - 29602927

Total Expenses-FS - 1210438482

Net Income-FS - (346850259)

59901 - State Appropriation 112657804

59902 - In Kind Fringe Benefits 120328110

59906 - Fringe Differential Approp 13500000

59909 - State Appropriation - Bioscience CT 15323000

59912 - Workers Compensation Appropriation 2670432

59913 - Workers Compensation Claims Exp (4000945)

59914 - Transfer to State of CT Agencies - 0

59916 - State Support-FB Unfunded Liability 33200000

State Appropriations-FS - 293678401

Net Income(After Approp)-FS - (53171859)


Period Total Fiscal Year

Fiscal_Year 2020

Version Budget with Reallocations Manual Cell entry




Measure Amount

Consolidated Statement of Revenues and Expenses (with Eliminations)

SOM FUNDS - SODM FUNDS - RESEARCH FUNDS - INSTITUTIONAL SUPPORT - UMG - Dental Clinics - JDH-Hospital - 88 - Finance Corporation All Funds-FS - Eliminating Entries Consolidated UCHC

Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations Budget with Reallocations

Debit Credit

2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020

5AB - Tuition amp Fees - 18906037 9604720 - 68750 - 36000 - - 28615507 28615507

5C - Federal Grant Revenue - - 63584210 - - - - - 63584210 63584210

5D - Non-Fed Research Grants amp Contracts - - 27533154 - - - - - 27533154 27533154

5E - Auxiliary Services 6057498 2324553 3774594 4586892 290120 54715 2996795 47406 20132574 20132574

5F - IntRes Distribution 71982543 - - - - - 561941 - 72544484 72544484

5G - Net Patient Care Revenue - - - - 118799214 10009164 447611414 - 576419793 - 0
DanvilleLisa CMHC Lab 270044 90000 72517 30 2100000CMHC Radiology 270045 90000 71001 30 40000072563 -JDH IP Agree-CMHC (all CMHC funds) 10768072564 - JDH OP Svcs-CMHC (all CMHC funds) 353440072566 - UMG OP Svcs-CMHC (all CMHC funds) 790887offsetting entry is Outside Purchased services 576419793 removed CMHC internals - ended in FY18

5H - Correctional Managed Health Care - - - - - - - - - - 0

5I - Gift amp Endowment Income 1500 26000 5167884 2153 - 1385 495000 - 5693922 5693922

5J - Contractual amp Other Income 7689 - 924758 842396 4255721 284727 47542014 8784342 62641646 62641646

FampA Recoveries - - - 0 - - - - - 0 0

5L - Investment Income 757 252 674808 49105 - - - - 724922 724922

5M - Internal Income 30639167 - 7669638 3711822 5070487 24568 2317579 15996082 65429343 - 0
DanvilleLisa 100 internal income eliminated 65429343

Total Revenue-FS - 127595191 11955525 109329048 9261117 128415542 10410559 501524744 24827830 923319556 - 0 - 0 923319556

6A - Salary Expense 66539960 17437398 66383815 1993626 112024755 5105737 171921808 - 441407099 441407099

6B - Fringe Benefits 37908659 11498795 39640574 1441358 62948379 3813237 124451011 - 281702013 281702013

7A - Internal Contractual Support 4863189 213184 9006852 197810 8141318 1198029 40542471 1266875 65429843 - 0
DanvilleLisa 100 eliminatedinternal contractual less CMHC portion
DanvilleLisa CMHC Lab 270044 90000 72517 30 2100000CMHC Radiology 270045 90000 71001 30 40000072563 -JDH IP Agree-CMHC (all CMHC funds) 10768072564 - JDH OP Svcs-CMHC (all CMHC funds) 353440072566 - UMG OP Svcs-CMHC (all CMHC funds) 790887offsetting entry is Outside Purchased services 65429843

7B - MedicalDental House Staff 55273774 - - - - - 3100000 - 58373774 58373774

710 - Medical Contractual Support 9873897 - 24454 - 8909659 - 333197 - 19141208 19141208

715 - TemporaryPer Diem Staff 38522 - 19000 8000 1037550 - 3295206 127000 4525278 4525278

720 - Utilities 743453 207783 4690260 232293 1967196 8537 5993892 - 13843412 13843412

Outside amp Other Purchased Services - 13046405 2236603 14824536 2035717 17590665 664414 51942208 457067 102797614 - 0
DanvilleLisa most of charges being eliminated fall in outside amp other purchased services CMHC inpatient elimination noted above - this is the difference of all the items specifically identified 102797614

730 - Insurance(FS) - 561108 94955 34999 (37351) 329274 194472 2785288 - 3962746 3962746

735 - Repair and Maintenance 932103 251676 4473587 197646 2789777 33256 10293317 - 18971362 18971362

750 - Drugs (53951) (14395) (35405) 73954 6509112 7242 57265748 6425707 70178011 70178011

755 - Medical Supplies 1060421 565638 5889379 608777 2588327 3110717 48319552 38942 62181753 62181753

Other Expenses - 8185343 2959721 3730580 323713 1996103 110548 4758289 17688 22081983 22081983

7H - Grants Sub-Contracts 510000 - 15810068 - - - - - 16320068 16320068

7I - Grants Close Out Exp Adj 3268 - 99883 - - - - - 103150 103150

770 - Debt Services - - - - - - 74255 9236576 9310831 9310831

Depreciation - 1287690 384760 8480201 603937 2131235 175854 8572941 7636682 29273299 29273299

Total Expenses-FS - 200773839 35836116 173072783 7679479 228963349 14422043 533649184 25206536 1219603445 - 0 - 0 1219603445

Net Income-FS - (73178648) (23880591) (63743735) 1581638 (100547807) (4011484) (32124440) (378706) (296283889) (296283889)

59901 - State Appropriation 3885041 1005602 5266362 85241385 4205610 - 10007428 - 109611428 109611428

59902 - In Kind Fringe Benefits 3232660 928768 6418438 91606787 3930608 - 9253884 - 115371146 115371146

59905 - GF Appropriation Rescission - - - - - - - - - - 0

59906 - Fringe Differential Approp - - - 13500000 - - - - 13500000 13500000

59908 - GF RIP Appropriation - - - - - - - - - - 0

59909 - State Appropriation - Bioscience CT - - - 15323000 - - - - 15323000 15323000

59911 - Bioscience CT Rescission - - - - - - - - - - 0

59912 - Workers Compensation Appropriation - - - 941696 450085 - 1278650 - 2670431 2670431

59913 - Workers Compensation Claims Exp - - - (1422050) (778875) - (1800022) - (4000946) (4000946)

59914 - Transfer to State of CT Agencies - - - - - - - - - - 0

59916 - State Support - FB Unfunded Liability - - - 33200000 - - - - 33200000 33200000

59920 - In Kind Fringe - CMHC - - - - - - - - - - 0

59921 - Fringe Expense - CMHC - - - - - - - - - - 0

State Appropriations-FS - 7117701 1934370 11684801 238390819 7807429 - 18739940 - 285675059 285675059

Net Income(After Approp)-FS - (66060947) (21946222) (52058934) 239972457 (92740378) (4011484) (13384500) (378706) (10608830) (10608830)



Fiscal_Year 2021

Version Budget Proposed Manual Cell entry




Measure Amount


SOM FUNDS - SODM FUNDS - RESEARCH FUNDS - INSTITUTIONAL SUPPORT - UMG - Dental Clinics - JDH-Hospital - 88 - Finance Corporation All Funds-FS - Eliminating Entries Consolidated UCHC note - using FY20 rates until FY21 retirement rates available (consistent with Storrs)

Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed Budget Proposed See Unfunded legacy cost calcs tab -FY20 per unfunded liab

Debit Credit 4733 5177 3391

2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 TOTAL SERS portion of total FB SERS Unfunded Liability Portion SERS Retiree Health (No OPEB) Total Debt payments for unfunded pension and retiree Health






5G - Net Patient Care Revenue - - - - 123157341 10566539 467917369 - 601641249 - 0 601641249


5I - Gift amp Endowment Income 2000 141000 3734354 - - - 400000 - 4277354 4277354

5J - Contractual amp Other Income 38000 1 810200 723236 5243396 276434 55701293 17005980 79798540 79798540

FampA Recoveries - - - (0) - - - - - (0) (0)

5L - Investment Income - - 349599 56266 - - - - 405866 405866

5M - Internal Income 31134385 - 6746142 5377529 6710756 113305 2101578 16023124 68206819 - 0 68206819

Total Revenue-FS - 132381660 12673167 106532300 11657209 135295712 11062809 530416278 33128449 973147583 - 0 - 0 973147583

6A - Salary Expense 72448909 18392016 68340170 2969879 124578113 5416641 183174235 - 475319964 475319964

6B - Fringe Benefits 40781191 12036493 40873421 2224935 74034251 4056346 135905860 - 309912497 309912497 146681585 759370565 49739725 125676782

DanvilleLisa internal contractual 67515653


710 - Medical Contractual Support 11297246 - (0) - 8448352 - 317324 - 20062922 20062922

715 - TemporaryPer Diem Staff 4000 - 5352 23815 246392 - 1314341 - 1593900 1593900

720 - Utilities 897074 247495 4832798 486568 2092793 8664 6386921 - 14952313 14952313


730 - Insurance(FS) - 590129 98873 29205 17548 330769 194472 2795540 - 4056537 4056537


750 - Drugs 80 - 428 13121 7930704 10209 56998536 13456189 78409267 78409267

755 - Medical Supplies 1050648 588040 5952935 623338 2284640 3230916 53933648 - 67664166 67664166

Other Expenses - 7901802 2818081 4095509 178269 1528414 120806 4424987 14000 21081869 21081869


7I - Grants Close Out Exp Adj - 379 235719 12000 - - - - 248098 248098

770 - Debt Services - - - 135030 1589 - 148929 8881072 9166620 9166620

Depreciation - 1329645 393535 8388004 1225175 2182282 174566 8633316 7629014 29955538 29955538


Net Income-FS - (82947511) (24902705) (67244651) 1314980 (117999766) (4013285) (36023678) 609835 (331206781) (331206781)

59901 - State Appropriation 375832 - - 116556690 - - - - 116932522 116932522

59902 - In Kind Fringe Benefits - - 1648522 128722624 - - - - 130371146 130371146 67620211 41841318 27406589 69247907









59916 - State Support - FB Unfunded Liability - - - - - - - - - - 0



State Appropriations-FS - 375832 - 1648522 274570562 (430948) - (824821) - 275339147 275339147

Net Income(After Approp)-FS - (82571679) (24902705) (65596129) 275885541 (118430714) (4013285) (36848499) 609835 (55867634) (55867634)

See Unfunded legacy cost calcs tab -FY20 per unfunded liab 4610 5510 5510

56428875



Fiscal_Year 2020

Version Forecast Actuals Manual Cell entry




Measure Amount



Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast See Unfunded legacy cost calcs tab -FY20 per unfunded liab



5AB - Tuition amp Fees - 18968422 9989924 - 63299 (570) 39600 - - 29060676 29060676







5I - Gift amp Endowment Income 2000 26000 5243454 2153 - - 671395 - 5945002 5945002





Total Revenue-FS - 123210340 12371453 108183678 13067662 130458208 10649738 513250801 36837508 948029388 - 0 - 0 948029388

6A - Salary Expense 66571521 17317151 66310587 3499597 111270101 5092236 171654047 - 441715240 441715240






720 - Utilities 708946 198576 4683351 420774 1893644 8664 5913642 - 13827598 13827598

DanvilleLisa most of charges being eliminated fall in outside amp other purchased services this is the difference of all the items specifically identified 103619798

730 - Insurance(FS) - 454000 247228 29606 (301123) 445352 194472 4767697 - 5837233 5837233

735 - Repair and Maintenance 873200 236460 3940914 1593498 2500027 28157 9201716 114 18374086 18374086

750 - Drugs 126 - 9311 13121 7604044 10159 54728484 16448629 78813874 78813874


Other Expenses - 7649768 2821851 3176167 1000658 1422628 110220 4310711 101580 20593582 20593582



770 - Debt Services - - - 9396 1720 - 114856 9236576 9362547 9362547

Depreciation - 1309035 388144 8372163 1339721 2160874 174566 8582021 7629837 29956361 29956361


Net Income-FS - (74186913) (23422203) (60191234) (3072284) (98047653) (3844874) (20855871) 261450 (283359582) (283359582)


59902 - In Kind Fringe Benefits 3203340 920016 6464261 96280481 3908059 - 9226865 - 120003022 120003022 61295621 37927856 24843222 62771077













Net Income(After Approp)-FS - (67176937) (21518977) (48436533) 240388267 (90350123) (3844874) (2374920) 261450 6947353 6947353


Expenditures ($M)

Salaries amp Wages 4753

Fringe Benefits 3099

Drugs amp Medical Supplies 1334

Resident and Fellow house staff 618

Other Expenses 2803

Debt ServiceProjects 300

Total Expenditures $ 12908

bottom line check $ (1149) Unfunded Fringe Liabilities ($M)

Total Costs $ 1257

Less State Reimbursement (692)

Net UCH Funded Costs $ 564

Revenues Salaries amp Wages Fringe Benefits Drugs amp Medical Supplies Resident and Fellow house staff Other Expenses Debt ServiceProjects Total check

Proposed Budget 2021 4753 3099 1334 618 2803 300 12908 12908 - 0

Percent 3683 2401 1034 479 2172 232 10000 10001 0000

NormalCurrent Costs 1842 594

Unfunded Liab and Retiree Health 1257 406

Total Fringe 3099

88 - Finance Corporation

Statement of Revenues and Expenses

Fiscal Year Fiscal Year

2020 2021

Actuals Budget Proposed Variance Percent Variance

Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -

Federal Grant Revenue - 0 - 0 - 0 -

Non Fed Research Grants amp Contracts - 0 - 0 - 0 -

Auxiliary Services 22702 99344 76642 3376

IntRes Distribution - 0 - 0 - 0 -

Net Patient Care Revenue - 0 - 0 - 0 -

Gift amp Endowment Income - 0 - 0 - 0 -

Contractual amp Other Income 20791681 17005980 (3785701) -182

FampA Recoveries - 0 - 0 - 0 -

Investment Income - 0 - 0 - 0 -

Internal Income 16023124 16023124 - 0 00

Total Revenue $ 36837508 $ 33128449 $ (3709059) -101

Expenses

Salary Expense $ - 0 $ - 0 $ - 0 -

Fringe Benefits - 0 - 0 - 0 -

Internal Contractual Support 1451560 881886 (569674) -392

MedicalDental House Staff - 0 - 0 - 0 -

Medical Contractual Support - 0 - 0 - 0 -

TemporaryPer Diem Staff 128133 - 0 (128133) -1000

Utilities - 0 - 0 - 0 -

Outside amp Other Purchased Serv 1527498 1656452 128954 84

Insurance - 0 - 0 - 0 -

Repair and Maintenance 114 - 0 (114) -1000

Drugs 16448629 13456189 (2992440) -182

Medical Supplies 52130 - 0 (52130) -1000

Other Expenses 101580 14000 (87580) -862

Grants Sub Contracts - 0 - 0 - 0 -

Grants Close Out Exp Adj - 0 - 0 - 0 -

Debt Service 9236576 8881072 (355504) -38

Depreciation 7629837 7629014 (823) -00

Total Expenses $ 36576058 $ 32518614 $ (4057444) -111

Excess(Deficiency)

of Revenues over Expenses $ 261450 $ 609835 $ 348385 1333

calc check - 0 - 0

Dental Clinics -



2020 2021


Revenues

Tuition amp Fees $ 39600 $ 39600 $ - 0 00



Auxiliary Services 66930 66930 - 0 00


Net Patient Care Revenue 10159125 10566539 407414 40


Contractual amp Other Income 276434 276434 - 0 00



Internal Income 107648 113305 5657 53

Total Revenue $ 10649738 $ 11062809 $ 413071 39

Expenses

Salary Expense $ 5092236 $ 5416641 $ 324405 64

Fringe Benefits 3814271 4056346 242075 63




TemporaryPer Diem Staff - 0 - 0 - 0 -

Utilities 8664 8664 - 0 00

Outside amp Other Purchased Serv 649255 638435 (10820) -17

Insurance 194472 194472 - 0 00

Repair and Maintenance 28157 28157 - 0 00

Drugs 10159 10209 50 05

Medical Supplies 3212139 3230916 18777 06

Other Expenses 110220 120806 10586 96



Debt Service - 0 - 0 - 0 -

Depreciation 174566 174566 - 0 00

Total Expenses $ 14494612 $ 15076093 $ 581481 40

Excess(Deficiency)

of Revenues over Expenses $ (3844874) $ (4013285) $ (168410) 44

calc check - 0 (0)

INSTITUTIONAL SUPPORT -



2020 2021


Revenues

Tuition amp Fees $ 63299 $ 63389 $ 90 01



Auxiliary Services 5582794 5436789 (146005) -26



Gift amp Endowment Income 2153 - 0 (2153) -1000



Investment Income 48772 56266 7494 154

Internal Income 6646777 5377529 (1269248) -191

Total Revenue $ 13067662 $ 11657209 $ (1410453) -108

Expenses

Salary Expense $ 3499597 $ 2969879 $ (529718) -151

Fringe Benefits 2452401 2224935 (227466) -93




TemporaryPer Diem Staff 23815 23815 - 0 00

Utilities 420774 486568 65794 156


Insurance (301123) 17548 318671 -1058

Repair and Maintenance 1593498 219163 (1374334) -862

Drugs 13121 13121 - 0 00


Other Expenses 1000658 178269 (822388) -822


Grants Close Out Exp Adj 6000 12000 6000 1000

Debt Service 9396 135030 125634 13372

Depreciation 1339721 1225175 (114546) -85

Total Expenses $ 16139945 $ 10342229 $ (5797716) -359

Excess(Deficiency)

of Revenues over Expenses $ (3072284) $ 1314980 $ 4387263 -1428

calc check (0) (0)

RESEARCH FUNDS -



2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -

Federal Grant Revenue 62174018 62002029 (171988) -03

Non Fed Research Grants amp Contracts 28234836 29798434 1563598 55




Gift amp Endowment Income 5243454 3734354 (1509100) -288


FampA Recoveries 0 (0) (0) -1020

Investment Income 694992 349599 (345393) -497

Internal Income 7310820 6746142 (564679) -77

Total Revenue $ 108183678 $ 106532300 $ (1651378) -15

Expenses

Salary Expense $ 66310587 $ 68340170 $ 2029583 31

Fringe Benefits 38936156 40873421 1937265 50

Internal Contractual Support 6238554 6333989 95436 15


Medical Contractual Support 23025 (0) (23025) -1000


Utilities 4683351 4832798 149447 32


Insurance 29606 29205 (400) -14

Repair and Maintenance 3940914 4621337 680423 173

Drugs 9311 428 (8883) -954


Other Expenses 3176167 4095509 919342 289

Grants Sub Contracts 17369869 14768986 (2600883) -150



Depreciation 8372163 8388004 15841 02

Total Expenses $ 168374912 $ 173776951 $ 5402039 32

Excess(Deficiency)


calc check - 0 - 0

SODM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 9989924 $ 10069019 $ 79094 08






Gift amp Endowment Income 26000 141000 115000 4423




Internal Income - 0 - 0 - 0 -

Total Revenue $ 12371453 $ 12673167 $ 301714 24

Expenses

Salary Expense $ 17317151 $ 18392016 $ 1074865 62

Fringe Benefits 11468861 12036493 567632 49





Utilities 198576 247495 48919 246


Insurance 247228 98873 (148355) -600


Drugs - 0 - 0 - 0 -

Medical Supplies 590939 588040 (2899) -05

Other Expenses 2821851 2818081 (3770) -01


Grants Close Out Exp Adj 379 379 - 0 00


Depreciation 388144 393535 5391 14

Total Expenses $ 35793656 $ 37575873 $ 1782217 50

Excess(Deficiency)


calc check - 0 - 0

SOM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 18968422 $ 19485015 $ 516593 27




IntRes Distribution 70512354 77146581 6634228 94


Gift amp Endowment Income 2000 2000 - 0 00




Internal Income 28393078 31134385 2741307 97

Total Revenue $ 123210340 $ 132381660 $ 9171320 74

Expenses

Salary Expense $ 66571521 $ 72448909 $ 5877388 88

Fringe Benefits 37163140 40781191 3618051 97


MedicalDental House Staff 54763235 58625985 3862750 71

Medical Contractual Support 9689319 11297246 1607927 166

TemporaryPer Diem Staff 1000 4000 3000 3000

Utilities 708946 897074 188128 265


Insurance 454000 590129 136129 300


Drugs 126 80 (46) -365


Other Expenses 7649768 7901802 252034 33

Grants Sub Contracts 512500 582768 70268 137



Depreciation 1309035 1329645 20611 16

Total Expenses $ 197397253 $ 215329171 $ 17931918 91

Excess(Deficiency)


calc check - 0 - 0

NOT USED ANY LONGER

Spending Plan

Total Operating Revenue $ 973147583

State Support 275339147

Restricted Capital Balances

Use Allowance 4500000
DanvilleLisa DanvilleLisaPer Research 594345 Comprehensive Cancer Center

State Bond Funds 923345 265000 Health Disparity

Departmental Grant Funds 1000000 64000 Other Bond Funds

- 0 State Bond funds EHR

Total Available for Spending $ 1254910075 $ 923345

Total Operating Expenses (less depreciation) $ 1274398826

Current Approved Capital Projects 2500000

Working Capital Needs 2000000 Debt Summary

FY 2021 Capital Spending 10962758
DanvilleLisa DanvilleLisaPools for each business unit FY2021

State Bond Funds 858545
DanvilleLisa DanvilleLisaDanvilleLisaState Bond funds above less amount budgeted in HDI operating account $424785 (fund 201133)
DanvilleLisa DanvilleLisaPer Research Principal Interest

Use Allowance 4500000 OP Debt 5535524 8435328

Departmental Grant Funds 1000000 Marb Debt 1568443 445744

Principal Payment on Debt 8831454 3T MRI 430757 7285

Lab Sysmex 83385 1647

Total Spending Plan $ 1305051583 DaVinci Robot 350393 47074

C Arms(6) OR 175805 36898

Excess(Deficiency) (50141508) C Arms(1) Diag Rad 31243 8575

Radiology equipment ESTIMATED 231544 67515

Telephone - Avaya financial 418203 114966

OBGYN E Htfd Equip 6157 1589

8831454 9166620

UConn Medical Group

Statistical Graphs

ERRORREF ERRORREF ERRORREF ERRORREF

Commercial 42 40 40 37

Medicaid 18 19 20 21

Medicare 34 35 36 36

Other 6 6 6 6

100 100 102 100

Encounters (Excludes Anesthesiology) 618201 660043 651480 690474

677 -130 599

UConn Medical Group

Statistical Graphs


Physician RVUs 987303 1055683 1039420 1149541

693 -154 1059

Encounters 633479 675982 667870 706488

Anesth 15278 15939 16390 16014

Enc Less Ane 618201 660043 651480 690474

RVU per Enc 160 160 160 166

Net rev per enc 11715 10725 16776 16315

Expense Per RVU 9007 8409 20851 21000

-664 14797 072

Net Revenue Per RVU 7517 6867 10780 10027

-864 5697 -698

Days in Accounts Receivable 54 52 45 48

Net Revenue 74213036 72498638 120076516 123157341

Anesthesiology 8032009 7897143

Net Rev less Anesth 112044507 115260198

Other Revenue 7634596 11770889 10381692 12138371

Expenses 100438683 100438683 228505859 253295477

Anesthesiology Exps 11513164 11668741 11775304 11886289

Expenses less Aneth 88925519 88769942 216730555 241409188

Bottom Line (12999308) (18591051) (98047653) (117999766)

John Dempsey Hospital

Statistical Graphs (Excludes NICU)


Surgical Cases 41016 40957 42008 - 0

Main 6140 6266 6374 6500

FSC 4339 5069 5354 5441

Emergency Department Visits 99584 110313 109747 109747

1077 -051 000



Medicaid 23 24 24 0

Medicare 44 44 44 0

Other 7 7 7 0

100 100 100 0


789 244 -238




Patient Days 41016 40326 38992 40660

-168 -331 428

Outpatient Equivalents 11033 11842 12735 13933

733 754 941

Discharges 8515 8487 8484 8865

-033 -004 449

Average Length of Stay 48 48 46 46

000 -417 000

UConn Medical Group


Fiscal Year 2020 Actuals vs Fiscal Year 2021 Proposed Budget


2020 2021


Revenues

Tuition amp Fees $ (570) $ - 0 $ 570 -1000





Net Patient Care Revenue $ 120076516 $ 123157341 $ 3080825 26

Correctional Managed Health Care - 0 - 0 - 0 -





Internal Income 4755961 6710756 1954795 411

Other Income 10381692 12138371 1756679 169

Total Revenue $ 130458208 $ 135295712 $ 4837504 37

Expenses

Salary Expense $ 111270101 $ 124578113 $ 13308012 120

Fringe Benefits 64701730 74034251 9332521 144



Medical Contractual Support 8588866 8448352 (140514) -16

TemporaryPer Diem Staff 582812 246392 (336420) -577

Utilities 1893644 2092793 199149 105


Insurance 445352 330769 (114583) -257


Drugs 7604044 7930704 326660 43


Other Expenses 1422628 1528414 105786 74



Debt Service 1720 1589 (131) -76

Depreciation 2160874 2182282 21408 10

Total Expenses $ 228505859 $ 253295477 $ 24789618 108

Excess(Deficiency)

of Revenues over Expenses $ (98047651) $ (117999765) $ (19952114) -203

rev check 0 0

calc check (0) (0)





2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -




IntRes Distribution 589170 589170 - 0 00




Contractual amp Other Income 54062727 55701293 1638566 30



Internal Income 2101578 2101578 - 0 00

Other Income 61229496 62498909 1269413 21

Total Revenue $ 513250801 $ 530416278 $ 17165477 33

Expenses

Salary Expense $ 171654047 $ 183174235 $ 11520188 67

Fringe Benefits 122389496 135905860 13516364 110


MedicalDental House Staff 3164026 3164026 - 0 00

Medical Contractual Support 317324 317324 - 0 00


Utilities 5913642 6386921 473279 80


Insurance 4767697 2795540 (1972157) -414


Drugs 54728484 56998536 2270052 41


Other Expenses 4310711 4424987 114276 27



Debt Service 114856 148929 34073 297

Depreciation 8582021 8633316 51295 06

Total Expenses $ 534106673 $ 566439956 $ 32333283 61

Excess(Deficiency)


Rev check $ (0) $ 0

calc check 0 1

Revenue ($M)


Fringe Benefits amp Adjustments 1424

Total State Support $ 2753

Tuition 297

Grants amp Contracts 894

InternsResidents 777

Net Patient Revenue 5314

Other Revenue 1723

Total Revenues $ 11759

- 0

Revenues Tuition amp Fees Research Grants Interns amp Residents Patient Care Other Income State Block Grant Fringe Benefits amp Adjustments Total check

Proposed Budget 2021 297 894 777 5314 1723 1329 1424 11759 11759 - 0

Percent 252 760 661 4519 1465 1131 1211 10000 9999 (0000)

UConn Health

BOT slide with Storrs

Depreciation eliminated and Capital and debt added

FY21 Budget spending plan

Revenues ($M) (Pre-COVID)


State Fringe Benefits amp Adjustments 746

TuitionFees 297


Other Revenue (incl ResearchInterns amp Residents) 3418


Expenditures ($M)




Other Expenses (incl UtilitesEquipDebtResearch) 3731


Operating Gain(Loss) $ 05

Expense for SERS Unfunded Pension and Retiree Health 1257

Less amount funded by the State 692

Net SERS Unfunded Pension and Retiree Health Costs $ 564

Excess(Deficiency) $ (559)

LapsesMid-yr attrition - 0

Projected Net GainLoss $ (00)

Fiscal Year Fiscal Year Fiscal Year Fiscal Year

2020 2021 2020 2021

Operating Revenue and Expense ($M) Actuals Proposed Budget Actuals Proposed Budget Variance Variance

State Support Salary 127980805 132932522 $ 1280 $ 1329 $ 50 39

State Support Fringe 69726519 73158718 697 732 34 49

Tuition and Fees 29211331 29657023 292 297 04 15

Grants amp Contracts 83785806 89403775 838 894 56 67

InternsResidents 71530837 77735751 715 777 62 87

Net Patient Revenue 501935048 531423014 5019 5314 295 59

Other Revenue 177125200 172313096 1771 1723 (48) -27

Total Operating Revenue 1061295546 1106623899 $ 10613 $ 11066 $ 453 43

Personal Services 441616083 475319964 $ 4416 $ 4753 $ 337 76

Fringe Benefits 162048925 184235715 1620 1842 222 137

DrugsMedical Supplies 128916791 133424901 1289 1334 45 35

Resident and Fellow house staff 58004910 61790011 580 618 38 65

Utilities 13418319 14952313 134 150 15 114

Interest Expense on Debt Service 9349033 9166620 93 92 (02) -20

Other Expenses 253559391 256286956 2536 2563 27 11

Depreciation 29602927 29955538 296 300 04 12

Total Operating Expenses 1096516379 1165132018 $ 10965 $ 11651 $ 686

Operating Margin (35220834) (58508119) $ (352) $ (585) $ (233)

Unfunded SERS Pension amp Retiree Health Payments amp Revenues

Unfunded SERS Pension amp Retiree Health Costs (113922101) (125676782) $ (1139) $ (1257) $ (118)

Less amount of Unfunded SERS Pension amp Retiree Health Costs funded by the State 62771077 69247907 628 692 65

Additional State Support 33200000 - 0 332 - 0 (332)

Net Debt Payments for Pension and Retiree Health (17951023) (56428875) $ (180) $ (564) $ (385)

Excess(Deficiency) (53171857) (114936994) $ (532) $ (1149) $ (618)

Cash Flow

Transfer for CapitalDebt Service $ 296 $ 300

Principal Payment on Debt (78) (88)

Capital EquipmentProjects (90) (212)

Non-Operating Gain(Loss) $ 128 $ (00) $ - 0

Total UCH Cash ExcessShortfall $ (404) $ (1149) $ (618)

State support revenue is net of Unfunded portion

Fringe Benefit Expense is net of Unfunded portion

Workers comp claims are included in fringe expense


2020 2021 2020 2021




Tuition and Fees 29060676 29657023 291 297 06 21




Other Revenue 175201388 172313096 1752 1723 (29) -16

Total Operating Revenue 1146366191 1183620828 $ 11464 $ 11836 $ 373


Fringe Benefits 171004901 188617720 1710 1886 176 103



Utilities 13827598 14952313 138 150 11 81


Other Expenses 254414390 257183988 2544 2572 28 11

Depreciation 29956361 29955538 300 300 (00) -00


Operating Margin 24898376 561241 $ 249 $ 06 $ (243)






Excess(Deficiency) 6947353 (55867634) $ 69 $ (559) $ (628)

Cash Flow





Total UCH Cash ExcessShortfall $ 201 $ (559) $ (628)




Consolidated Statement of Revenues and Expenses (without Eliminations)


With COVID Fiscal Year Fiscal Year

2020 2021

Actuals Proposed Budget Variance Percent Variance

Revenues

Tuition amp Fees $ 29211331 $ 29657023 $ 445692 15

Research Grants and Contracts 83785806 89403775 5617969 67

Auxiliary Enterprises 20600073 19624517 (975556) -47

Interns and Residents 71530837 77735751 6204914 87

Net Patient Care 501935048 531423014 29487966 59



Other Income 150736087 148005359 (2730728) -18

Total Revenue $ 863588222 $ 900532659 $ 36944437 43

Expenses

Salary Expense $ 441616083 $ 475319964 $ 33703881 76

Fringe Benefits 275971026 309912497 33941471 123




Utilities 13418319 14952313 1533994 114

Outside amp Other Purchased Services 99438243 106451477 7013234 71

Insurance 6671270 4056537 (2614733) -392


Drugs 69648124 69104996 (543128) -08


Other Expenses 106898016 105166760 (1731256) -16

Debt Service 9349033 9166620 (182413) -20

Depreciation 29602927 29955538 352611 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 66

Excess(Deficiency)


State Appropriation-Block Grant 127980805 132932522 4951717 39

State Supported Fringe Benefits 133828110 143871146 10043036 75

GF Appropriation Rescission - 0 - 0 - 0 -

State Support - FB Unfunded Liability 33200000 - 0 (33200000) -1000

Workers Compensation Net of Appropriation (1330514) (1464521) (134007) 101

Transfer to State of CT - 0 - 0 - 0 -

Excess(Deficiency) $ (53171857) $ (114936994) $ (61765137) -1162

Total State Support 293678401 275339147 (18339254) -62

Percent of Total Revenues 2538 2342

calc check 2 1


2020 2021 2020 2021

Revenues Actuals Proposed Budget Variance Percent Variance Actuals Proposed Budget Variance Variance

Tuition and Fees $ 29211331 $ 29657023 $ 445692 15 $ 292 $ 297 $ 04 15

Grants amp Contracts 83785806 89403775 5617969 63 838 894 56 63

InternsResidents 71530837 77735751 6204914 80 715 777 62 80

Net Patient Revenue 501935048 531423014 29487966 55 5019 5314 295 55

Other Revenue 177125200 172313096 (4812104) -28 1771 1723 (48) -28

Total Revenue $ 863588222 $ 900532659 $ 36944437 41 $ 8636 $ 9005 $ 369 41

Expenses

Personal Services $ 441616083 $ 475319964 $ 33703881 71 $ 4416 $ 4753 $ 337 71

Fringe Benefits 275971026 309912497 33941471 110 2760 3099 339 110

DrugsMedical Supplies 128916791 133424901 4508110 34 1289 1334 45 34

Resident and Fellow house staff 58004910 61790011 3785101 61 580 618 38 61

Utilities 13418319 14952313 1533994 103 134 150 15 103

Interest Expense on Debt Service 9349033 9166620 (182413) -20 93 92 (02) -20

Other Expenses 253559391 256286956 2727565 11 2536 2563 27 11

Depreciation 29602927 29955538 352611 12 296 300 04 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 62 $ 12104 $ 12908 $ 804 62

Excess(Deficiency)

of Revenues over Expenses $ (346850258) $ (390276141) $ (43425883) 111 $ (3469) $ (3903) $ (434) 111

Block Grant 127980805 132932522 4951717 37 $ 1280 $ 1329 $ 50 37

Fringe Reimbursement 132497596 142406625 9909029 70 1325 1424 99 70

Additional Support-State Unfunded legacy costs 33200000 - 0 (33200000) -1000 332 - 0 (332) -1000

Total State Support $ 293678401 $ 275339147 $ (18339254) -67 $ 2937 $ 2753 $ (183) -67

Excess(Deficiency) $ (53171857) $ (114936994) $ (61765137) -537 $ (532) $ (1149) $ (618) -537



Without COVID Fiscal Year Fiscal Year

2020 2021


Revenues

Tuition amp Fees $ 29060676 $ 29657023 $ 596347 21




Net Patient Care 582256946 601641249 19384303 33



Other Income 148347296 148411225 63929 00

Total Revenue $ 948029389 $ 973147583 $ 25118194 26

Expenses

Salary Expense $ 441715240 $ 475319964 $ 33604724 76

Fringe Benefits 280926056 309912497 28986441 103




Utilities 13827598 14952313 1124715 81


Insurance 5837233 4056537 (1780696) -305


Drugs 78813874 78409267 (404607) -05


Other Expenses 103931692 104197373 265681 03

Debt Service 9362547 9166620 (195927) -21

Depreciation 29956361 29955538 (823) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 59

Excess(Deficiency)








Excess(Deficiency) $ 6947354 $ (55867634) $ (62814988) 9042



calc check 1 0

Without COVID


2020 2021 2020 2021


Tuition and Fees $ 29060676 $ 29657023 $ 596347 20 $ 291 $ 297 $ 06 20




Other Revenue 175201389 172313096 (2888293) -17 1752 1723 (29) -17

Total Revenue $ 948029389 $ 973147583 $ 25118194 26 $ 9480 $ 9731 $ 251 26

Expenses


Fringe Benefits 280926056 309912497 28986441 94 2809 3099 290 94



Utilities 13827598 14952313 1124715 75 138 150 11 75


Other Expenses 254414390 257183988 2769598 11 2544 2572 28 11

Depreciation 29956361 29955538 (823) -00 300 300 (00) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 56 $ 12314 $ 13044 $ 730 56

Excess(Deficiency)


Block Grant 124934428 132932522 7998094 60 $ 1249 $ 1329 $ 80 60




Excess(Deficiency) $ 6947354 $ (55867634) $ (62814988) -1124 $ 69 $ (559) $ (628) -1124


FY2020 Actuals vs FY2020 Budget

With COVID


2020 2020

Actuals Approved Budget Variance Percent Variance

Revenues

Tuition amp Fees $ 29211331 $ 28615507 $ 595824 21

Research Grants and Contracts 83785806 91117365 (7331559) -80

Auxiliary Enterprises 20600073 20132574 467499 23

Interns and Residents 71530837 72544484 (1013647) -14

Net Patient Care 501935048 576419793 (74484745) -129


Investment Income 691198 - 0 691198 1000

Other Income 150736087 128795911 21940176 170 includes internal inc

Total Revenue $ 863588222 $ 923319556 $ (59731334) -65

Expenses

Salary Expense $ 441616083 $ 441407099 $ 208984 00

Fringe Benefits 275971026 281702013 (5730987) -20

MedicalDental House Staff 58004910 58373774 (368864) -06



Utilities 13418319 13843412 (425093) -31

Outside amp Other Purchased Services 99438243 102797614 (3359371) -33

Insurance 6671270 3962746 2708524 683


Drugs 69648124 70178011 (529887) -08


Other Expenses 106898016 103935044 2962972 29 includes internal exp

Debt Service 9349033 9310831 38202 04

Depreciation 29602927 29273299 329628 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08

Excess(Deficiency)





State Support - FB Unfunded Liability 33200000 33200000 - 0 00

Workers Compensation Net of Appropriation (1330514) (1330515) 1 -00



Total State Support 293678401 285675059 8003342 28


calc check 2 1


2020 2020 2020 2020

Revenues Actuals Approved Budget Variance Percent Variance Actuals Approved Budget Variance Variance

Tuition and Fees $ 29211331 $ 28615507 $ 595824 21 $ 292 $ 286 $ 06 21

Grants amp Contracts 83785806 91117365 (7331559) -80 838 911 (73) -80

InternsResidents 71530837 72544484 (1013647) -14 715 725 (10) -14

Net Patient Revenue 501935048 576419793 (74484745) -129 5019 5764 (745) -129

Other Revenue 177125200 154622407 22502793 146 1771 1546 225 146

Total Revenue $ 863588222 $ 923319556 $ (59731334) -65 $ 8636 $ 9233 $ (597) -65

Expenses


Fringe Benefits 275971026 281702013 (5730987) -20 2760 2817 (57) -20

DrugsMedical Supplies 128916791 132359764 (3442973) -26 1289 1324 (34) -26

Resident and Fellow house staff 58004910 58373774 (368864) -06 580 584 (04) -06

Utilities 13418319 13843412 (425093) -31 134 138 (04) -31

Interest Expense on Debt Service 9349033 9310831 38202 04 93 93 00 04

Other Expenses 253559391 253333252 226139 01 2536 2533 02 01

Depreciation 29602927 29273299 329628 11 296 293 03 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08 $ 12104 $ 12196 $ (92) -08

Excess(Deficiency)


Block Grant 127980805 124934428 3046377 24 $ 1280 $ 1249 $ 30 24


Additional Support-State Unfunded legacy costs 33200000 33200000 - 0 00 332 332 - 0 00

Total State Support $ 293678401 $ 285675059 $ 8003342 28 $ 2937 $ 2857 $ 80 28


Expenses by Source

FY2021 Proposed Budget FY2020 Actuals FY2020 Actuals

Expenses Personal Services Fringe Benefits MedDent House Drug amp Med Sup OampOPS Other Expenses Total check

Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 9998 (0)


Proposed Budget 2021 475319964 309912497 61790011 146073433 108317896 202940563 1304354364 1304354364 - 0

Percent 3644 2376 474 1120 830 1556 10000 10000 - 0



Without COVID


2020 2020


Revenues

Tuition amp Fees $ 29060676 $ 28615507 $ 445169 16




Net Patient Care 582256946 576419793 5837153 10




Total Revenue $ 948029389 $ 923319556 $ 24709833 27

Expenses

Salary Expense $ 441715240 $ 441407099 $ 308141 01

Fringe Benefits 280926056 281702013 (775957) -03




Utilities 13827598 13843412 (15814) -01


Insurance 5837233 3962746 1874487 473


Drugs 78813874 70178011 8635863 123


Other Expenses 103931692 103935044 (3352) -00 includes internal exp

Debt Service 9362547 9310831 51716 06

Depreciation 29956361 29273299 683062 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10

Excess(Deficiency)

of Revenues over Expenses $ (283359580) $ (296283888) $ 12924308 -44

State Appropriation-Block Grant 124934428 124934428 - 0 00






Excess(Deficiency) $ 6947354 $ (10608829) $ 17556183 1655



calc check 1 1


2020 2020 2020 2020


Tuition and Fees $ 29060676 $ 28615507 $ 445169 16 $ 291 $ 286 $ 04 16




Other Revenue 175201389 154622407 20578982 133 1752 1546 206 133

Total Revenue $ 948029389 $ 923319556 $ 24709833 27 $ 9480 $ 9233 $ 247 27

Expenses


Fringe Benefits 280926056 281702013 (775957) -03 2809 2817 (08) -03



Utilities 13827598 13843412 (15814) -01 138 138 (00) -01


Other Expenses 254414390 253333252 1081138 04 2544 2533 11 04

Depreciation 29956361 29273299 683062 23 300 293 07 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10 $ 12314 $ 12196 $ 118 10

Excess(Deficiency)

of Revenues over Expenses $ (283359580) $ (296283888) $ 12924308 -44 $ (2834) $ (2963) $ 129 -44

Block Grant 124934428 124934428 - 0 00 $ 1249 $ 1249 $ - 0 00




Excess(Deficiency) $ 6947354 $ (10608829) $ 17556183 1655 $ 69 $ (106) $ 176 1655

Expenses by Source

FY2020 Budget FY2020 Actuals


Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 10000 - 0


Budget 2020 441407099 281702013 58373774 132359764 102797614 202963180 1219603444 1219603444 - 0

Percent 3619 2310 479 1085 843 1664 10000 10000 - 0

Revenues by Source


Revenues Tuition amp Fees Research Grants Interns amp Residents Patient Care Other Income State Support Total check

Actuals 2020 29060676 90408854 71101524 582256946 175201389 290306934 1238336323 1238336323 - 0

Percent 235 730 574 4702 1415 2344 10000 10000 - 0


Budget 2020 28615507 91117365 72544484 576419793 154622407 285675059 1208994615 1208994615 - 0

Percent 237 754 600 4768 1279 2363 10000 10001 0000

of 2

ATTACHMENT PROJECT BUDGETS FOR APPROVAL STORRS BASED PROGRAMS Phase Budget 9) Wired Access Layer Infrastructure Refresh ndash

Phase II Final $4200000 8

10) Spending Plan for Fiscal Year 2021 for the University of Connecticut 9

Storrs amp Regional Campuses 11) Spending Plan for Fiscal Year 2021 for UConn Health 10

12) Fiscal Year 2021 Capital Budget for the University of Connecticut 11

Storrs and Regional Campuses PRESENTATION ITEM 13) FY21 Budget Presentation 12 INFORMATION ITEMS 14) Capital Project Expenditure Report ndash All Funding Sources B

Fiscal Year 2020 as of 05312020 15) Construction Project Status Report

httpsbudgetuconneduconstruction-status-reports EXECUTIVE SESSION (As Needed)

ATTACHMENT 1





















ATTACHMENT 2


1















EDUCATION ABROAD



Purpose


2











Multiple Sources






Purpose


Purpose





3







IncLM120119 $31000000 070120-063025 Operating








JANITORIAL SERVICES



Purpose

Purpose



4





FY19Expenditures













FY19Expenditures


CT IncUC-16-JW090215 $250000










FY19Expenditures














5





FY19Expenditures













FY19Expenditures


Inc12PSX0026 $500000



$2802536]








FY19Expenditures




$1500000]




EMPLOYMENT SERVICES

CATERING SERVICES



6





FY19Expenditures













FY19Expenditures










UC-15-KA111814-8








FOOD SERVICES


7





FY19Expenditures













FY19Expenditures




$14000000]








FY19Expenditures








INTERNET SERVICES




8





FY19Expenditures












FY19Expenditures












9





FY19Expenditures









FY19Expenditures



UC-19-KA102918-8










10





FY19Expenditures


8$0



Remains the Same]








FY19Expenditures





$13270000]






LIBRARY SERVICES


11










Purpose









Purpose

LEASES FOR APPROVAL

ATTACHMENT 3




























EXECUTION VERSION












2











3











4














5















6















7











8











endowed funds


9









10









11










12















13



14


15




16











17



1









2













3







innovation















4






7 Governing Law


5


ATTACHMENT 4








as Issuer

and


as Trustee

___________________________________________________________


AUTHORIZING



___________________________________________________________


(i)

TABLE OF CONTENTS

Page








1




ARTICLE I










2










ARTICLE II



3





4



5



ARTICLE III

Form of the Bonds


ARTICLE IV


6

ARTICLE V

Miscellaneous


7


8



___________________ Its President

(SEAL)

ATTEST



Date _______ 2020 By

Name Title

9

APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891 22537584600 15476011026

$12560000000

11640000000 1300000000 500000000

_____________ $26000000000




ATTACHMENT 5


























APPENDIX A1



UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093

832744754 514668833 349580700

95893352891 9257938976

22537584600 4070892400

1245577032 13902762542

1187772442 389912858 146114600

7521427

15476011026 1658305

153037300 160876400

2365140300

$902432700 1202360607

730278200 40399300 55116600

4774837687 2097091300 3450000000

2650900 29975232

1329968200 900272442

15000000 3500000

7521427

4399171700 1658305 3037300

112982700 441745400

_____________ $20500000000



$1590146591

5116551991

11642939000 11748431591

38745738709

$487646591

167492809

412500000 1167900000

8814460600

_____________ $11050000000





ATTACHMENT 6












APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093 95893352819

92579 38976

22537584600 4070892400

13902762542 389912858

15476011026 150087000

$647686100 13197765

6585912735

1934471000 900000000 454499800

6842431800 16465400

494991000 39344400

_____________ $17929000000


$ 5116551991

11642939000 11748431591 3957823200

38745738709

$388694500

225000000 2005829791

459998800

3031476909 _____________ $6111000000




ATTACHMENT 7
















APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891

9257938976 22537584600

640830409 13902762542

$4490303700

7405227696

616584276 1177516000

137190700 1731762628

$15558585000


$5116551991

11642939000 3957823200

38745738709

$86340600

3647500000 53074400

654500000 ___________

$4441415000




ATTACHMENT 8






TYPE BUDGET

PROJECT NAME

PROPOSEDFINAL



SUBTOTAL 3845000$



SOURCE OF FUNDING



BOT 62420



FINAL



ATTACHMENT 9

ATTACHMENT 10

ATTACHMENT 11














Previous Statute

31820 Changes

Revised Statute


$3820 Phase II FY00-FY05 5800

5800

Phase III





Attachment A

Science Program

Academic Priorities


Other






116400000










BOT 62420

Attachment B


62619Notes



BOT 62420

ATTACHMENT 12


FY21 Spending Plan


June 12


June 15


June 24

bull BOT Meeting


July-August





2




Key Issues



Since the pandemic






4









UConn Health


5









6









Academic Savings

7












9




253 144 280 250



-$





FY21 Fall Scenarios

10



In Millions ($M)


(INT -74 OSS +64)


(INT -40 OSS -7)


(INT -65 OSS -50)


COVID impact






Lost fees 20 10 260





FY21 Assumptions

11





On-campus Mid Case

Online Worst Case

In-state +1 -5 -5



On-campus Best Case

On-campus Mid Case

Online Worst Case

Housing -25 -55 -100




FY19Actuals

FY20Forecast


FY21 Budget Covid

On-Campus Best Case

FY21 Budget Covid

On-Campus Mid Case


Worst CaseRevenues



Net GainLoss 65$ (167)$ (70)$ (466)$ (648)$ (1286)$






Research Fund 1269


Revenues ($M)



Adjustments121

Tuition302

Fees 96


143


59Foundation


15

Research Fund 81

Other Revenue

20






42

Normal Current

Costs 58

14




Research Fund 1259


Expenditures ($M)


Fringe Benefits

212

Other Expenses

193


138


20

Research Fund82

Financial Aid



FY21 Budget

FY18-FY21Change









16









Capital Budget Plan

17






Defe

rred

M

aint

enan

ce

Academic

Other


ienc

e Pr

ogra

m












planning and design



19










21

15000000

20000000

25000000

30000000

35000000

40000000

45000000

50000000

Jan -2020


Feb Mar Apr May Jun

Pre COVID COVID





22


($400)

($481)

($594)

($405)

($509)

($1149)

($159)($159) ($184) ($182)

($106)($126) ($154)($99)

($177)

($532)

($1400)

($1200)

($1000)

($800)

($600)

($400)

($200)

$00


$559M Operations

$59M COVID


23




Total Revenue 8636$ 9005$ 369$ 41


Total Expenses 12104$ 12908$ 804$ 62






Cash

24

(40000000)

(20000000)

-

20000000

40000000

60000000

80000000

3312020 4302020 5312020 6302020 7312020 8312020 9302020Cash Balance 66011075 50246454 60822111 48930646 5598550 (9910334) (19410334)









66

Patient Care452

Other Income147



Adjustments121


With COVID



Revenue ($M)






73


Patient Care480

Other Income138



115

Without COVID



Revenue ($M)






Fringe Benefits240


103

Patient Care4249


ServiceProjects23





Expenditures ($M)

With COVID



ampP

Patient Care4521


Patient Care4483



ampP


Fringe Benefits1995



ampP


ampP


Fringe Benefits2004



ampP


ampP


ampP





ampP



JDH-wo COVID

ampP

UMG-wo COVID

ampP

JDH Stats 1

ampP

Patient Days

000041016403263899240660


000011033118421273513933

Discharges

00008515848784848865


000048484599999999999999645999999999999996


JDH Stats 2

ampP

Surgical Cases

Main

00006140626663746500 FSC

00004339506953545441


000099584110313109747109747



00000000Commercial

00000260250250Medicaid

00000230240240Medicare

00000440440440Other

000070000000000000007E-270000000000000007E-270000000000000007E-20


000038414241

UMG Stats 1

ampP

Physician RVUs

Physician RVUs

0000987303105568310394201149541

Expense Per RVU

000090069126701731889840876873076482242085110494314136821000485237151176

Net Revenue Per RVU

000075167436946914975686746286527300361077952193147925310026627845443694


000054524548

UMG Stats 2

ampP



0000Commercial

00000420404037Medicaid

000001801902021Medicare

0000034035036036Other

0000006006006006



0000618201660043651480690474

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp


ampP

Patient Care4249



Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast


elimination summary

image1png

ATTACHMENT B







37514493 37514493 - - -








Project Name









Project Name










Project Name










Project Name


70259947 47793034 21503115 - 963798













Project Name


6975386 6027807 947579 - -





48613554 - - 48557864 55690




1729313 1729313



190078511 111824807 22711678 48557864 6984162



3490373 3490373 - - -



























Project Name

34339 34339 - - -


6103092 6103092 - - -

196181603$ 117927899$ 22711678$ 48557864$ 6984162$

-$ 3199256$ (3170362)$ -$ (28894)$











ATTACHMENT





62420 Approval




APPROVED AS TO FORM


RECOMMENDATION

BACKGROUND




TABLE OF CONTENTS

Page




By

___________________

ATTEST

By


By








BACKGROUND



BACKGROUND



Report 1




APPROVED AS TO FORM




Key Issues




Academic Savings



FY21 Fall Scenarios

FY21 Assumptions




Financial Aid


Capital Budget Plan







Cash











2016 2016 2016 2017 2016



50000 60000 100000 100000 107680


















2615282 3139407 2550073 2550073 3534400



















467936 561523 522042 522042 790887


of total rate








1000





Version Actual

Fiscal_Year 2020





Title All Titles -




Pay_Period 23 YTD


All Funds - R01 23292411 000 0

All Funds - R02 83717450 8568 71729111


All Funds - R10 33899141 8568 29044784 159689863 132957886 113918317





20 - Operating Fund R01 13401069 000 0

20 - Operating Fund R02 14325884 8568 12274418

20 - Operating Fund R04 127556 000 0

20 - Operating Fund R10 9724843 8568 8332246
















80 - Clinical Funds R01 7721507 000 0

80 - Clinical Funds R02 14909629 8568 12774570

80 - Clinical Funds R04 174161 000 0

80 - Clinical Funds R10 6018166 8568 5156365

All Funds-FS - R01 23292411 000 0 8527

All Funds-FS - R02 83717450 8568 71729111 4610 5510 5510

All Funds-FS - R04 355107 000 0

All Funds-FS - R10 33899141 8568 29044784

UMG - R01 6152483 000 0

UMG - R02 15287053 8568 13097947

UMG - R04 125896 000 0

UMG - R10 7566264 8568 6482775

JDH-Hospital - R01 7816582 000 0

JDH-Hospital - R02 35876255 8568 30738775

JDH-Hospital - R04 180593 000 0

JDH-Hospital - R10 10762462 8568 9221278

All Funds-FS -

Forecast

2020



65001 - Retirement 160425864 5711


65005 - FICA (OASDI) 18303851

65007 - FICA (Medicare) 5851528















4733

Fiscal_Year 2020

Fund All Funds-FS -




Period February

FY2020

Total Fiscal Year




















720 - Utilities 13418319


730 - Insurance(FS) - 6671270


750 - Drugs 69648124





















Fiscal_Year 2020





Measure Amount




Debit Credit

2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020













Total Revenue-FS - 127595191 11955525 109329048 9261117 128415542 10410559 501524744 24827830 923319556 - 0 - 0 923319556

6A - Salary Expense 66539960 17437398 66383815 1993626 112024755 5105737 171921808 - 441407099 441407099






720 - Utilities 743453 207783 4690260 232293 1967196 8537 5993892 - 13843412 13843412


730 - Insurance(FS) - 561108 94955 34999 (37351) 329274 194472 2785288 - 3962746 3962746


750 - Drugs (53951) (14395) (35405) 73954 6509112 7242 57265748 6425707 70178011 70178011


Other Expenses - 8185343 2959721 3730580 323713 1996103 110548 4758289 17688 22081983 22081983



770 - Debt Services - - - - - - 74255 9236576 9310831 9310831

Depreciation - 1287690 384760 8480201 603937 2131235 175854 8572941 7636682 29273299 29273299


Net Income-FS - (73178648) (23880591) (63743735) 1581638 (100547807) (4011484) (32124440) (378706) (296283889) (296283889)


















Fiscal_Year 2021





Measure Amount


















Total Revenue-FS - 132381660 12673167 106532300 11657209 135295712 11062809 530416278 33128449 973147583 - 0 - 0 973147583

6A - Salary Expense 72448909 18392016 68340170 2969879 124578113 5416641 183174235 - 475319964 475319964






720 - Utilities 897074 247495 4832798 486568 2092793 8664 6386921 - 14952313 14952313


730 - Insurance(FS) - 590129 98873 29205 17548 330769 194472 2795540 - 4056537 4056537


750 - Drugs 80 - 428 13121 7930704 10209 56998536 13456189 78409267 78409267


Other Expenses - 7901802 2818081 4095509 178269 1528414 120806 4424987 14000 21081869 21081869



770 - Debt Services - - - 135030 1589 - 148929 8881072 9166620 9166620

Depreciation - 1329645 393535 8388004 1225175 2182282 174566 8633316 7629014 29955538 29955538


Net Income-FS - (82947511) (24902705) (67244651) 1314980 (117999766) (4013285) (36023678) 609835 (331206781) (331206781)

















56428875



Fiscal_Year 2020





Measure Amount


















Total Revenue-FS - 123210340 12371453 108183678 13067662 130458208 10649738 513250801 36837508 948029388 - 0 - 0 948029388

6A - Salary Expense 66571521 17317151 66310587 3499597 111270101 5092236 171654047 - 441715240 441715240






720 - Utilities 708946 198576 4683351 420774 1893644 8664 5913642 - 13827598 13827598


730 - Insurance(FS) - 454000 247228 29606 (301123) 445352 194472 4767697 - 5837233 5837233


750 - Drugs 126 - 9311 13121 7604044 10159 54728484 16448629 78813874 78813874


Other Expenses - 7649768 2821851 3176167 1000658 1422628 110220 4310711 101580 20593582 20593582



770 - Debt Services - - - 9396 1720 - 114856 9236576 9362547 9362547

Depreciation - 1309035 388144 8372163 1339721 2160874 174566 8582021 7629837 29956361 29956361


Net Income-FS - (74186913) (23422203) (60191234) (3072284) (98047653) (3844874) (20855871) 261450 (283359582) (283359582)

















Expenditures ($M)





Other Expenses 2803




Total Costs $ 1257




Proposed Budget 2021 4753 3099 1334 618 2803 300 12908 12908 - 0

Percent 3683 2401 1034 479 2172 232 10000 10001 0000



Total Fringe 3099




2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 16023124 16023124 - 0 00

Total Revenue $ 36837508 $ 33128449 $ (3709059) -101

Expenses

Salary Expense $ - 0 $ - 0 $ - 0 -






Utilities - 0 - 0 - 0 -


Insurance - 0 - 0 - 0 -


Drugs 16448629 13456189 (2992440) -182


Other Expenses 101580 14000 (87580) -862



Debt Service 9236576 8881072 (355504) -38

Depreciation 7629837 7629014 (823) -00

Total Expenses $ 36576058 $ 32518614 $ (4057444) -111

Excess(Deficiency)


calc check - 0 - 0

Dental Clinics -



2020 2021


Revenues

Tuition amp Fees $ 39600 $ 39600 $ - 0 00










Internal Income 107648 113305 5657 53

Total Revenue $ 10649738 $ 11062809 $ 413071 39

Expenses

Salary Expense $ 5092236 $ 5416641 $ 324405 64

Fringe Benefits 3814271 4056346 242075 63





Utilities 8664 8664 - 0 00


Insurance 194472 194472 - 0 00


Drugs 10159 10209 50 05


Other Expenses 110220 120806 10586 96




Depreciation 174566 174566 - 0 00

Total Expenses $ 14494612 $ 15076093 $ 581481 40

Excess(Deficiency)


calc check - 0 (0)




2020 2021


Revenues

Tuition amp Fees $ 63299 $ 63389 $ 90 01










Internal Income 6646777 5377529 (1269248) -191

Total Revenue $ 13067662 $ 11657209 $ (1410453) -108

Expenses

Salary Expense $ 3499597 $ 2969879 $ (529718) -151

Fringe Benefits 2452401 2224935 (227466) -93





Utilities 420774 486568 65794 156


Insurance (301123) 17548 318671 -1058


Drugs 13121 13121 - 0 00


Other Expenses 1000658 178269 (822388) -822



Debt Service 9396 135030 125634 13372

Depreciation 1339721 1225175 (114546) -85

Total Expenses $ 16139945 $ 10342229 $ (5797716) -359

Excess(Deficiency)


calc check (0) (0)

RESEARCH FUNDS -



2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 7310820 6746142 (564679) -77

Total Revenue $ 108183678 $ 106532300 $ (1651378) -15

Expenses

Salary Expense $ 66310587 $ 68340170 $ 2029583 31

Fringe Benefits 38936156 40873421 1937265 50





Utilities 4683351 4832798 149447 32


Insurance 29606 29205 (400) -14


Drugs 9311 428 (8883) -954


Other Expenses 3176167 4095509 919342 289




Depreciation 8372163 8388004 15841 02

Total Expenses $ 168374912 $ 173776951 $ 5402039 32

Excess(Deficiency)


calc check - 0 - 0

SODM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 9989924 $ 10069019 $ 79094 08











Total Revenue $ 12371453 $ 12673167 $ 301714 24

Expenses

Salary Expense $ 17317151 $ 18392016 $ 1074865 62

Fringe Benefits 11468861 12036493 567632 49





Utilities 198576 247495 48919 246


Insurance 247228 98873 (148355) -600


Drugs - 0 - 0 - 0 -


Other Expenses 2821851 2818081 (3770) -01




Depreciation 388144 393535 5391 14

Total Expenses $ 35793656 $ 37575873 $ 1782217 50

Excess(Deficiency)


calc check - 0 - 0

SOM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 18968422 $ 19485015 $ 516593 27










Internal Income 28393078 31134385 2741307 97

Total Revenue $ 123210340 $ 132381660 $ 9171320 74

Expenses

Salary Expense $ 66571521 $ 72448909 $ 5877388 88

Fringe Benefits 37163140 40781191 3618051 97





Utilities 708946 897074 188128 265


Insurance 454000 590129 136129 300


Drugs 126 80 (46) -365


Other Expenses 7649768 7901802 252034 33




Depreciation 1309035 1329645 20611 16

Total Expenses $ 197397253 $ 215329171 $ 17931918 91

Excess(Deficiency)


calc check - 0 - 0

NOT USED ANY LONGER

Spending Plan



















C Arms(6) OR 175805 36898





8831454 9166620

UConn Medical Group

Statistical Graphs





Other 6 6 6 6

100 100 102 100


677 -130 599

UConn Medical Group

Statistical Graphs


Physician RVUs 987303 1055683 1039420 1149541

693 -154 1059

Encounters 633479 675982 667870 706488

Anesth 15278 15939 16390 16014

Enc Less Ane 618201 660043 651480 690474

RVU per Enc 160 160 160 166

Net rev per enc 11715 10725 16776 16315

Expense Per RVU 9007 8409 20851 21000

-664 14797 072


-864 5697 -698


Net Revenue 74213036 72498638 120076516 123157341



Other Revenue 7634596 11770889 10381692 12138371

Expenses 100438683 100438683 228505859 253295477



Bottom Line (12999308) (18591051) (98047653) (117999766)




Surgical Cases 41016 40957 42008 - 0

Main 6140 6266 6374 6500

FSC 4339 5069 5354 5441


1077 -051 000



Medicaid 23 24 24 0

Medicare 44 44 44 0

Other 7 7 7 0

100 100 100 0


789 244 -238




Patient Days 41016 40326 38992 40660

-168 -331 428


733 754 941

Discharges 8515 8487 8484 8865

-033 -004 449


000 -417 000

UConn Medical Group




2020 2021


Revenues

Tuition amp Fees $ (570) $ - 0 $ 570 -1000











Internal Income 4755961 6710756 1954795 411

Other Income 10381692 12138371 1756679 169

Total Revenue $ 130458208 $ 135295712 $ 4837504 37

Expenses

Salary Expense $ 111270101 $ 124578113 $ 13308012 120

Fringe Benefits 64701730 74034251 9332521 144





Utilities 1893644 2092793 199149 105


Insurance 445352 330769 (114583) -257


Drugs 7604044 7930704 326660 43


Other Expenses 1422628 1528414 105786 74



Debt Service 1720 1589 (131) -76

Depreciation 2160874 2182282 21408 10

Total Expenses $ 228505859 $ 253295477 $ 24789618 108

Excess(Deficiency)


rev check 0 0

calc check (0) (0)





2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -











Internal Income 2101578 2101578 - 0 00

Other Income 61229496 62498909 1269413 21

Total Revenue $ 513250801 $ 530416278 $ 17165477 33

Expenses

Salary Expense $ 171654047 $ 183174235 $ 11520188 67

Fringe Benefits 122389496 135905860 13516364 110





Utilities 5913642 6386921 473279 80


Insurance 4767697 2795540 (1972157) -414


Drugs 54728484 56998536 2270052 41


Other Expenses 4310711 4424987 114276 27



Debt Service 114856 148929 34073 297

Depreciation 8582021 8633316 51295 06

Total Expenses $ 534106673 $ 566439956 $ 32333283 61

Excess(Deficiency)


Rev check $ (0) $ 0

calc check 0 1

Revenue ($M)




Tuition 297




Other Revenue 1723


- 0


Proposed Budget 2021 297 894 777 5314 1723 1329 1424 11759 11759 - 0

Percent 252 760 661 4519 1465 1131 1211 10000 9999 (0000)

UConn Health







TuitionFees 297




Expenditures ($M)














2020 2021 2020 2021




Tuition and Fees 29211331 29657023 292 297 04 15




Other Revenue 177125200 172313096 1771 1723 (48) -27



Fringe Benefits 162048925 184235715 1620 1842 222 137



Utilities 13418319 14952313 134 150 15 114


Other Expenses 253559391 256286956 2536 2563 27 11

Depreciation 29602927 29955538 296 300 04 12









Cash Flow










2020 2021 2020 2021




Tuition and Fees 29060676 29657023 291 297 06 21




Other Revenue 175201388 172313096 1752 1723 (29) -16



Fringe Benefits 171004901 188617720 1710 1886 176 103



Utilities 13827598 14952313 138 150 11 81


Other Expenses 254414390 257183988 2544 2572 28 11

Depreciation 29956361 29955538 300 300 (00) -00









Cash Flow












2020 2021


Revenues

Tuition amp Fees $ 29211331 $ 29657023 $ 445692 15




Net Patient Care 501935048 531423014 29487966 59



Other Income 150736087 148005359 (2730728) -18

Total Revenue $ 863588222 $ 900532659 $ 36944437 43

Expenses

Salary Expense $ 441616083 $ 475319964 $ 33703881 76

Fringe Benefits 275971026 309912497 33941471 123




Utilities 13418319 14952313 1533994 114


Insurance 6671270 4056537 (2614733) -392


Drugs 69648124 69104996 (543128) -08


Other Expenses 106898016 105166760 (1731256) -16

Debt Service 9349033 9166620 (182413) -20

Depreciation 29602927 29955538 352611 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 66

Excess(Deficiency)











calc check 2 1


2020 2021 2020 2021


Tuition and Fees $ 29211331 $ 29657023 $ 445692 15 $ 292 $ 297 $ 04 15




Other Revenue 177125200 172313096 (4812104) -28 1771 1723 (48) -28

Total Revenue $ 863588222 $ 900532659 $ 36944437 41 $ 8636 $ 9005 $ 369 41

Expenses


Fringe Benefits 275971026 309912497 33941471 110 2760 3099 339 110



Utilities 13418319 14952313 1533994 103 134 150 15 103


Other Expenses 253559391 256286956 2727565 11 2536 2563 27 11

Depreciation 29602927 29955538 352611 12 296 300 04 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 62 $ 12104 $ 12908 $ 804 62

Excess(Deficiency)


Block Grant 127980805 132932522 4951717 37 $ 1280 $ 1329 $ 50 37








2020 2021


Revenues

Tuition amp Fees $ 29060676 $ 29657023 $ 596347 21




Net Patient Care 582256946 601641249 19384303 33



Other Income 148347296 148411225 63929 00

Total Revenue $ 948029389 $ 973147583 $ 25118194 26

Expenses

Salary Expense $ 441715240 $ 475319964 $ 33604724 76

Fringe Benefits 280926056 309912497 28986441 103




Utilities 13827598 14952313 1124715 81


Insurance 5837233 4056537 (1780696) -305


Drugs 78813874 78409267 (404607) -05


Other Expenses 103931692 104197373 265681 03

Debt Service 9362547 9166620 (195927) -21

Depreciation 29956361 29955538 (823) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 59

Excess(Deficiency)











calc check 1 0

Without COVID


2020 2021 2020 2021


Tuition and Fees $ 29060676 $ 29657023 $ 596347 20 $ 291 $ 297 $ 06 20




Other Revenue 175201389 172313096 (2888293) -17 1752 1723 (29) -17

Total Revenue $ 948029389 $ 973147583 $ 25118194 26 $ 9480 $ 9731 $ 251 26

Expenses


Fringe Benefits 280926056 309912497 28986441 94 2809 3099 290 94



Utilities 13827598 14952313 1124715 75 138 150 11 75


Other Expenses 254414390 257183988 2769598 11 2544 2572 28 11

Depreciation 29956361 29955538 (823) -00 300 300 (00) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 56 $ 12314 $ 13044 $ 730 56

Excess(Deficiency)


Block Grant 124934428 132932522 7998094 60 $ 1249 $ 1329 $ 80 60







With COVID


2020 2020


Revenues

Tuition amp Fees $ 29211331 $ 28615507 $ 595824 21




Net Patient Care 501935048 576419793 (74484745) -129




Total Revenue $ 863588222 $ 923319556 $ (59731334) -65

Expenses

Salary Expense $ 441616083 $ 441407099 $ 208984 00

Fringe Benefits 275971026 281702013 (5730987) -20




Utilities 13418319 13843412 (425093) -31


Insurance 6671270 3962746 2708524 683


Drugs 69648124 70178011 (529887) -08



Debt Service 9349033 9310831 38202 04

Depreciation 29602927 29273299 329628 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08

Excess(Deficiency)











calc check 2 1


2020 2020 2020 2020


Tuition and Fees $ 29211331 $ 28615507 $ 595824 21 $ 292 $ 286 $ 06 21




Other Revenue 177125200 154622407 22502793 146 1771 1546 225 146

Total Revenue $ 863588222 $ 923319556 $ (59731334) -65 $ 8636 $ 9233 $ (597) -65

Expenses


Fringe Benefits 275971026 281702013 (5730987) -20 2760 2817 (57) -20



Utilities 13418319 13843412 (425093) -31 134 138 (04) -31


Other Expenses 253559391 253333252 226139 01 2536 2533 02 01

Depreciation 29602927 29273299 329628 11 296 293 03 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08 $ 12104 $ 12196 $ (92) -08

Excess(Deficiency)


Block Grant 127980805 124934428 3046377 24 $ 1280 $ 1249 $ 30 24





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 9998 (0)


Proposed Budget 2021 475319964 309912497 61790011 146073433 108317896 202940563 1304354364 1304354364 - 0

Percent 3644 2376 474 1120 830 1556 10000 10000 - 0



Without COVID


2020 2020


Revenues

Tuition amp Fees $ 29060676 $ 28615507 $ 445169 16




Net Patient Care 582256946 576419793 5837153 10




Total Revenue $ 948029389 $ 923319556 $ 24709833 27

Expenses

Salary Expense $ 441715240 $ 441407099 $ 308141 01

Fringe Benefits 280926056 281702013 (775957) -03




Utilities 13827598 13843412 (15814) -01


Insurance 5837233 3962746 1874487 473


Drugs 78813874 70178011 8635863 123



Debt Service 9362547 9310831 51716 06

Depreciation 29956361 29273299 683062 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10

Excess(Deficiency)











calc check 1 1


2020 2020 2020 2020


Tuition and Fees $ 29060676 $ 28615507 $ 445169 16 $ 291 $ 286 $ 04 16




Other Revenue 175201389 154622407 20578982 133 1752 1546 206 133

Total Revenue $ 948029389 $ 923319556 $ 24709833 27 $ 9480 $ 9233 $ 247 27

Expenses


Fringe Benefits 280926056 281702013 (775957) -03 2809 2817 (08) -03



Utilities 13827598 13843412 (15814) -01 138 138 (00) -01


Other Expenses 254414390 253333252 1081138 04 2544 2533 11 04

Depreciation 29956361 29273299 683062 23 300 293 07 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10 $ 12314 $ 12196 $ 118 10

Excess(Deficiency)


Block Grant 124934428 124934428 - 0 00 $ 1249 $ 1249 $ - 0 00





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 10000 - 0


Budget 2020 441407099 281702013 58373774 132359764 102797614 202963180 1219603444 1219603444 - 0

Percent 3619 2310 479 1085 843 1664 10000 10000 - 0

Revenues by Source



Actuals 2020 29060676 90408854 71101524 582256946 175201389 290306934 1238336323 1238336323 - 0

Percent 235 730 574 4702 1415 2344 10000 10000 - 0


Budget 2020 28615507 91117365 72544484 576419793 154622407 285675059 1208994615 1208994615 - 0

Percent 237 754 600 4768 1279 2363 10000 10001 0000

ATTACHMENT 1





















ATTACHMENT 2


1















EDUCATION ABROAD



Purpose


2











Multiple Sources






Purpose


Purpose





3







IncLM120119 $31000000 070120-063025 Operating








JANITORIAL SERVICES



Purpose

Purpose



4





FY19Expenditures













FY19Expenditures


CT IncUC-16-JW090215 $250000










FY19Expenditures














5





FY19Expenditures













FY19Expenditures


Inc12PSX0026 $500000



$2802536]








FY19Expenditures




$1500000]




EMPLOYMENT SERVICES

CATERING SERVICES



6





FY19Expenditures













FY19Expenditures










UC-15-KA111814-8








FOOD SERVICES


7





FY19Expenditures













FY19Expenditures




$14000000]








FY19Expenditures








INTERNET SERVICES




8





FY19Expenditures












FY19Expenditures












9





FY19Expenditures









FY19Expenditures



UC-19-KA102918-8










10





FY19Expenditures


8$0



Remains the Same]








FY19Expenditures





$13270000]






LIBRARY SERVICES


11










Purpose









Purpose

LEASES FOR APPROVAL

ATTACHMENT 3




























EXECUTION VERSION












2











3











4














5















6















7











8











endowed funds


9









10









11










12















13



14


15




16











17



1









2













3







innovation















4






7 Governing Law


5


ATTACHMENT 4








as Issuer

and


as Trustee

___________________________________________________________


AUTHORIZING



___________________________________________________________


(i)

TABLE OF CONTENTS

Page








1




ARTICLE I










2










ARTICLE II



3





4



5



ARTICLE III

Form of the Bonds


ARTICLE IV


6

ARTICLE V

Miscellaneous


7


8



___________________ Its President

(SEAL)

ATTEST



Date _______ 2020 By

Name Title

9

APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891 22537584600 15476011026

$12560000000

11640000000 1300000000 500000000

_____________ $26000000000




ATTACHMENT 5


























APPENDIX A1



UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093

832744754 514668833 349580700

95893352891 9257938976

22537584600 4070892400

1245577032 13902762542

1187772442 389912858 146114600

7521427

15476011026 1658305

153037300 160876400

2365140300

$902432700 1202360607

730278200 40399300 55116600

4774837687 2097091300 3450000000

2650900 29975232

1329968200 900272442

15000000 3500000

7521427

4399171700 1658305 3037300

112982700 441745400

_____________ $20500000000



$1590146591

5116551991

11642939000 11748431591

38745738709

$487646591

167492809

412500000 1167900000

8814460600

_____________ $11050000000





ATTACHMENT 6












APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093 95893352819

92579 38976

22537584600 4070892400

13902762542 389912858

15476011026 150087000

$647686100 13197765

6585912735

1934471000 900000000 454499800

6842431800 16465400

494991000 39344400

_____________ $17929000000


$ 5116551991

11642939000 11748431591 3957823200

38745738709

$388694500

225000000 2005829791

459998800

3031476909 _____________ $6111000000




ATTACHMENT 7
















APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891

9257938976 22537584600

640830409 13902762542

$4490303700

7405227696

616584276 1177516000

137190700 1731762628

$15558585000


$5116551991

11642939000 3957823200

38745738709

$86340600

3647500000 53074400

654500000 ___________

$4441415000




ATTACHMENT 8






TYPE BUDGET

PROJECT NAME

PROPOSEDFINAL



SUBTOTAL 3845000$



SOURCE OF FUNDING



BOT 62420



FINAL



ATTACHMENT 9

ATTACHMENT 10

ATTACHMENT 11














Previous Statute

31820 Changes

Revised Statute


$3820 Phase II FY00-FY05 5800

5800

Phase III





Attachment A

Science Program

Academic Priorities


Other






116400000










BOT 62420

Attachment B


62619Notes



BOT 62420

ATTACHMENT 12


FY21 Spending Plan


June 12


June 15


June 24

bull BOT Meeting


July-August





2




Key Issues



Since the pandemic






4









UConn Health


5









6









Academic Savings

7












9




253 144 280 250



-$





FY21 Fall Scenarios

10



In Millions ($M)


(INT -74 OSS +64)


(INT -40 OSS -7)


(INT -65 OSS -50)


COVID impact






Lost fees 20 10 260





FY21 Assumptions

11





On-campus Mid Case

Online Worst Case

In-state +1 -5 -5



On-campus Best Case

On-campus Mid Case

Online Worst Case

Housing -25 -55 -100




FY19Actuals

FY20Forecast


FY21 Budget Covid

On-Campus Best Case

FY21 Budget Covid

On-Campus Mid Case


Worst CaseRevenues



Net GainLoss 65$ (167)$ (70)$ (466)$ (648)$ (1286)$






Research Fund 1269


Revenues ($M)



Adjustments121

Tuition302

Fees 96


143


59Foundation


15

Research Fund 81

Other Revenue

20






42

Normal Current

Costs 58

14




Research Fund 1259


Expenditures ($M)


Fringe Benefits

212

Other Expenses

193


138


20

Research Fund82

Financial Aid



FY21 Budget

FY18-FY21Change









16









Capital Budget Plan

17






Defe

rred

M

aint

enan

ce

Academic

Other


ienc

e Pr

ogra

m












planning and design



19










21

15000000

20000000

25000000

30000000

35000000

40000000

45000000

50000000

Jan -2020


Feb Mar Apr May Jun

Pre COVID COVID





22


($400)

($481)

($594)

($405)

($509)

($1149)

($159)($159) ($184) ($182)

($106)($126) ($154)($99)

($177)

($532)

($1400)

($1200)

($1000)

($800)

($600)

($400)

($200)

$00


$559M Operations

$59M COVID


23




Total Revenue 8636$ 9005$ 369$ 41


Total Expenses 12104$ 12908$ 804$ 62






Cash

24

(40000000)

(20000000)

-

20000000

40000000

60000000

80000000

3312020 4302020 5312020 6302020 7312020 8312020 9302020Cash Balance 66011075 50246454 60822111 48930646 5598550 (9910334) (19410334)









66

Patient Care452

Other Income147



Adjustments121


With COVID



Revenue ($M)






73


Patient Care480

Other Income138



115

Without COVID



Revenue ($M)






Fringe Benefits240


103

Patient Care4249


ServiceProjects23





Expenditures ($M)

With COVID



ampP

Patient Care4521


Patient Care4483



ampP


Fringe Benefits1995



ampP


ampP


Fringe Benefits2004



ampP


ampP


ampP





ampP



JDH-wo COVID

ampP

UMG-wo COVID

ampP

JDH Stats 1

ampP

Patient Days

000041016403263899240660


000011033118421273513933

Discharges

00008515848784848865


000048484599999999999999645999999999999996


JDH Stats 2

ampP

Surgical Cases

Main

00006140626663746500 FSC

00004339506953545441


000099584110313109747109747



00000000Commercial

00000260250250Medicaid

00000230240240Medicare

00000440440440Other

000070000000000000007E-270000000000000007E-270000000000000007E-20


000038414241

UMG Stats 1

ampP

Physician RVUs

Physician RVUs

0000987303105568310394201149541

Expense Per RVU

000090069126701731889840876873076482242085110494314136821000485237151176

Net Revenue Per RVU

000075167436946914975686746286527300361077952193147925310026627845443694


000054524548

UMG Stats 2

ampP



0000Commercial

00000420404037Medicaid

000001801902021Medicare

0000034035036036Other

0000006006006006



0000618201660043651480690474

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp


ampP

Patient Care4249



Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast


elimination summary

image1png

ATTACHMENT B







37514493 37514493 - - -








Project Name









Project Name


Capital Project Expenditure Report








Project Name










Project Name


70259947 47793034 21503115 - 963798













Project Name


6975386 6027807 947579 - -





48613554 - - 48557864 55690




1729313 1729313



190078511 111824807 22711678 48557864 6984162



3490373 3490373 - - -



























Project Name

34339 34339 - - -


6103092 6103092 - - -

196181603$ 117927899$ 22711678$ 48557864$ 6984162$

-$ 3199256$ (3170362)$ -$ (28894)$











ATTACHMENT





62420 Approval




APPROVED AS TO FORM


RECOMMENDATION

BACKGROUND




TABLE OF CONTENTS

Page




By

___________________

ATTEST

By


By








BACKGROUND



BACKGROUND



Report 1




APPROVED AS TO FORM




Key Issues




Academic Savings



FY21 Fall Scenarios

FY21 Assumptions




Financial Aid


Capital Budget Plan







Cash











2016 2016 2016 2017 2016



50000 60000 100000 100000 107680


















2615282 3139407 2550073 2550073 3534400



















467936 561523 522042 522042 790887


of total rate








1000





Version Actual

Fiscal_Year 2020





Title All Titles -




Pay_Period 23 YTD


All Funds - R01 23292411 000 0

All Funds - R02 83717450 8568 71729111


All Funds - R10 33899141 8568 29044784 159689863 132957886 113918317





20 - Operating Fund R01 13401069 000 0

20 - Operating Fund R02 14325884 8568 12274418

20 - Operating Fund R04 127556 000 0

20 - Operating Fund R10 9724843 8568 8332246
















80 - Clinical Funds R01 7721507 000 0

80 - Clinical Funds R02 14909629 8568 12774570

80 - Clinical Funds R04 174161 000 0

80 - Clinical Funds R10 6018166 8568 5156365

All Funds-FS - R01 23292411 000 0 8527

All Funds-FS - R02 83717450 8568 71729111 4610 5510 5510

All Funds-FS - R04 355107 000 0

All Funds-FS - R10 33899141 8568 29044784

UMG - R01 6152483 000 0

UMG - R02 15287053 8568 13097947

UMG - R04 125896 000 0

UMG - R10 7566264 8568 6482775

JDH-Hospital - R01 7816582 000 0

JDH-Hospital - R02 35876255 8568 30738775

JDH-Hospital - R04 180593 000 0

JDH-Hospital - R10 10762462 8568 9221278

All Funds-FS -

Forecast

2020



65001 - Retirement 160425864 5711


65005 - FICA (OASDI) 18303851

65007 - FICA (Medicare) 5851528















4733

Fiscal_Year 2020

Fund All Funds-FS -




Period February

FY2020

Total Fiscal Year




















720 - Utilities 13418319


730 - Insurance(FS) - 6671270


750 - Drugs 69648124





















Fiscal_Year 2020





Measure Amount




Debit Credit

2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020













Total Revenue-FS - 127595191 11955525 109329048 9261117 128415542 10410559 501524744 24827830 923319556 - 0 - 0 923319556

6A - Salary Expense 66539960 17437398 66383815 1993626 112024755 5105737 171921808 - 441407099 441407099






720 - Utilities 743453 207783 4690260 232293 1967196 8537 5993892 - 13843412 13843412


730 - Insurance(FS) - 561108 94955 34999 (37351) 329274 194472 2785288 - 3962746 3962746


750 - Drugs (53951) (14395) (35405) 73954 6509112 7242 57265748 6425707 70178011 70178011


Other Expenses - 8185343 2959721 3730580 323713 1996103 110548 4758289 17688 22081983 22081983



770 - Debt Services - - - - - - 74255 9236576 9310831 9310831

Depreciation - 1287690 384760 8480201 603937 2131235 175854 8572941 7636682 29273299 29273299


Net Income-FS - (73178648) (23880591) (63743735) 1581638 (100547807) (4011484) (32124440) (378706) (296283889) (296283889)


















Fiscal_Year 2021





Measure Amount


















Total Revenue-FS - 132381660 12673167 106532300 11657209 135295712 11062809 530416278 33128449 973147583 - 0 - 0 973147583

6A - Salary Expense 72448909 18392016 68340170 2969879 124578113 5416641 183174235 - 475319964 475319964






720 - Utilities 897074 247495 4832798 486568 2092793 8664 6386921 - 14952313 14952313


730 - Insurance(FS) - 590129 98873 29205 17548 330769 194472 2795540 - 4056537 4056537


750 - Drugs 80 - 428 13121 7930704 10209 56998536 13456189 78409267 78409267


Other Expenses - 7901802 2818081 4095509 178269 1528414 120806 4424987 14000 21081869 21081869



770 - Debt Services - - - 135030 1589 - 148929 8881072 9166620 9166620

Depreciation - 1329645 393535 8388004 1225175 2182282 174566 8633316 7629014 29955538 29955538


Net Income-FS - (82947511) (24902705) (67244651) 1314980 (117999766) (4013285) (36023678) 609835 (331206781) (331206781)

















56428875



Fiscal_Year 2020





Measure Amount


















Total Revenue-FS - 123210340 12371453 108183678 13067662 130458208 10649738 513250801 36837508 948029388 - 0 - 0 948029388

6A - Salary Expense 66571521 17317151 66310587 3499597 111270101 5092236 171654047 - 441715240 441715240






720 - Utilities 708946 198576 4683351 420774 1893644 8664 5913642 - 13827598 13827598


730 - Insurance(FS) - 454000 247228 29606 (301123) 445352 194472 4767697 - 5837233 5837233


750 - Drugs 126 - 9311 13121 7604044 10159 54728484 16448629 78813874 78813874


Other Expenses - 7649768 2821851 3176167 1000658 1422628 110220 4310711 101580 20593582 20593582



770 - Debt Services - - - 9396 1720 - 114856 9236576 9362547 9362547

Depreciation - 1309035 388144 8372163 1339721 2160874 174566 8582021 7629837 29956361 29956361


Net Income-FS - (74186913) (23422203) (60191234) (3072284) (98047653) (3844874) (20855871) 261450 (283359582) (283359582)

















Expenditures ($M)





Other Expenses 2803




Total Costs $ 1257




Proposed Budget 2021 4753 3099 1334 618 2803 300 12908 12908 - 0

Percent 3683 2401 1034 479 2172 232 10000 10001 0000



Total Fringe 3099




2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 16023124 16023124 - 0 00

Total Revenue $ 36837508 $ 33128449 $ (3709059) -101

Expenses

Salary Expense $ - 0 $ - 0 $ - 0 -






Utilities - 0 - 0 - 0 -


Insurance - 0 - 0 - 0 -


Drugs 16448629 13456189 (2992440) -182


Other Expenses 101580 14000 (87580) -862



Debt Service 9236576 8881072 (355504) -38

Depreciation 7629837 7629014 (823) -00

Total Expenses $ 36576058 $ 32518614 $ (4057444) -111

Excess(Deficiency)


calc check - 0 - 0

Dental Clinics -



2020 2021


Revenues

Tuition amp Fees $ 39600 $ 39600 $ - 0 00










Internal Income 107648 113305 5657 53

Total Revenue $ 10649738 $ 11062809 $ 413071 39

Expenses

Salary Expense $ 5092236 $ 5416641 $ 324405 64

Fringe Benefits 3814271 4056346 242075 63





Utilities 8664 8664 - 0 00


Insurance 194472 194472 - 0 00


Drugs 10159 10209 50 05


Other Expenses 110220 120806 10586 96




Depreciation 174566 174566 - 0 00

Total Expenses $ 14494612 $ 15076093 $ 581481 40

Excess(Deficiency)


calc check - 0 (0)




2020 2021


Revenues

Tuition amp Fees $ 63299 $ 63389 $ 90 01










Internal Income 6646777 5377529 (1269248) -191

Total Revenue $ 13067662 $ 11657209 $ (1410453) -108

Expenses

Salary Expense $ 3499597 $ 2969879 $ (529718) -151

Fringe Benefits 2452401 2224935 (227466) -93





Utilities 420774 486568 65794 156


Insurance (301123) 17548 318671 -1058


Drugs 13121 13121 - 0 00


Other Expenses 1000658 178269 (822388) -822



Debt Service 9396 135030 125634 13372

Depreciation 1339721 1225175 (114546) -85

Total Expenses $ 16139945 $ 10342229 $ (5797716) -359

Excess(Deficiency)


calc check (0) (0)

RESEARCH FUNDS -



2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 7310820 6746142 (564679) -77

Total Revenue $ 108183678 $ 106532300 $ (1651378) -15

Expenses

Salary Expense $ 66310587 $ 68340170 $ 2029583 31

Fringe Benefits 38936156 40873421 1937265 50





Utilities 4683351 4832798 149447 32


Insurance 29606 29205 (400) -14


Drugs 9311 428 (8883) -954


Other Expenses 3176167 4095509 919342 289




Depreciation 8372163 8388004 15841 02

Total Expenses $ 168374912 $ 173776951 $ 5402039 32

Excess(Deficiency)


calc check - 0 - 0

SODM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 9989924 $ 10069019 $ 79094 08











Total Revenue $ 12371453 $ 12673167 $ 301714 24

Expenses

Salary Expense $ 17317151 $ 18392016 $ 1074865 62

Fringe Benefits 11468861 12036493 567632 49





Utilities 198576 247495 48919 246


Insurance 247228 98873 (148355) -600


Drugs - 0 - 0 - 0 -


Other Expenses 2821851 2818081 (3770) -01




Depreciation 388144 393535 5391 14

Total Expenses $ 35793656 $ 37575873 $ 1782217 50

Excess(Deficiency)


calc check - 0 - 0

SOM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 18968422 $ 19485015 $ 516593 27










Internal Income 28393078 31134385 2741307 97

Total Revenue $ 123210340 $ 132381660 $ 9171320 74

Expenses

Salary Expense $ 66571521 $ 72448909 $ 5877388 88

Fringe Benefits 37163140 40781191 3618051 97





Utilities 708946 897074 188128 265


Insurance 454000 590129 136129 300


Drugs 126 80 (46) -365


Other Expenses 7649768 7901802 252034 33




Depreciation 1309035 1329645 20611 16

Total Expenses $ 197397253 $ 215329171 $ 17931918 91

Excess(Deficiency)


calc check - 0 - 0

NOT USED ANY LONGER

Spending Plan



















C Arms(6) OR 175805 36898





8831454 9166620

UConn Medical Group

Statistical Graphs





Other 6 6 6 6

100 100 102 100


677 -130 599

UConn Medical Group

Statistical Graphs


Physician RVUs 987303 1055683 1039420 1149541

693 -154 1059

Encounters 633479 675982 667870 706488

Anesth 15278 15939 16390 16014

Enc Less Ane 618201 660043 651480 690474

RVU per Enc 160 160 160 166

Net rev per enc 11715 10725 16776 16315

Expense Per RVU 9007 8409 20851 21000

-664 14797 072


-864 5697 -698


Net Revenue 74213036 72498638 120076516 123157341



Other Revenue 7634596 11770889 10381692 12138371

Expenses 100438683 100438683 228505859 253295477



Bottom Line (12999308) (18591051) (98047653) (117999766)




Surgical Cases 41016 40957 42008 - 0

Main 6140 6266 6374 6500

FSC 4339 5069 5354 5441


1077 -051 000



Medicaid 23 24 24 0

Medicare 44 44 44 0

Other 7 7 7 0

100 100 100 0


789 244 -238




Patient Days 41016 40326 38992 40660

-168 -331 428


733 754 941

Discharges 8515 8487 8484 8865

-033 -004 449


000 -417 000

UConn Medical Group




2020 2021


Revenues

Tuition amp Fees $ (570) $ - 0 $ 570 -1000











Internal Income 4755961 6710756 1954795 411

Other Income 10381692 12138371 1756679 169

Total Revenue $ 130458208 $ 135295712 $ 4837504 37

Expenses

Salary Expense $ 111270101 $ 124578113 $ 13308012 120

Fringe Benefits 64701730 74034251 9332521 144





Utilities 1893644 2092793 199149 105


Insurance 445352 330769 (114583) -257


Drugs 7604044 7930704 326660 43


Other Expenses 1422628 1528414 105786 74



Debt Service 1720 1589 (131) -76

Depreciation 2160874 2182282 21408 10

Total Expenses $ 228505859 $ 253295477 $ 24789618 108

Excess(Deficiency)


rev check 0 0

calc check (0) (0)





2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -











Internal Income 2101578 2101578 - 0 00

Other Income 61229496 62498909 1269413 21

Total Revenue $ 513250801 $ 530416278 $ 17165477 33

Expenses

Salary Expense $ 171654047 $ 183174235 $ 11520188 67

Fringe Benefits 122389496 135905860 13516364 110





Utilities 5913642 6386921 473279 80


Insurance 4767697 2795540 (1972157) -414


Drugs 54728484 56998536 2270052 41


Other Expenses 4310711 4424987 114276 27



Debt Service 114856 148929 34073 297

Depreciation 8582021 8633316 51295 06

Total Expenses $ 534106673 $ 566439956 $ 32333283 61

Excess(Deficiency)


Rev check $ (0) $ 0

calc check 0 1

Revenue ($M)




Tuition 297




Other Revenue 1723


- 0


Proposed Budget 2021 297 894 777 5314 1723 1329 1424 11759 11759 - 0

Percent 252 760 661 4519 1465 1131 1211 10000 9999 (0000)

UConn Health







TuitionFees 297




Expenditures ($M)














2020 2021 2020 2021




Tuition and Fees 29211331 29657023 292 297 04 15




Other Revenue 177125200 172313096 1771 1723 (48) -27



Fringe Benefits 162048925 184235715 1620 1842 222 137



Utilities 13418319 14952313 134 150 15 114


Other Expenses 253559391 256286956 2536 2563 27 11

Depreciation 29602927 29955538 296 300 04 12









Cash Flow










2020 2021 2020 2021




Tuition and Fees 29060676 29657023 291 297 06 21




Other Revenue 175201388 172313096 1752 1723 (29) -16



Fringe Benefits 171004901 188617720 1710 1886 176 103



Utilities 13827598 14952313 138 150 11 81


Other Expenses 254414390 257183988 2544 2572 28 11

Depreciation 29956361 29955538 300 300 (00) -00









Cash Flow












2020 2021


Revenues

Tuition amp Fees $ 29211331 $ 29657023 $ 445692 15




Net Patient Care 501935048 531423014 29487966 59



Other Income 150736087 148005359 (2730728) -18

Total Revenue $ 863588222 $ 900532659 $ 36944437 43

Expenses

Salary Expense $ 441616083 $ 475319964 $ 33703881 76

Fringe Benefits 275971026 309912497 33941471 123




Utilities 13418319 14952313 1533994 114


Insurance 6671270 4056537 (2614733) -392


Drugs 69648124 69104996 (543128) -08


Other Expenses 106898016 105166760 (1731256) -16

Debt Service 9349033 9166620 (182413) -20

Depreciation 29602927 29955538 352611 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 66

Excess(Deficiency)











calc check 2 1


2020 2021 2020 2021


Tuition and Fees $ 29211331 $ 29657023 $ 445692 15 $ 292 $ 297 $ 04 15




Other Revenue 177125200 172313096 (4812104) -28 1771 1723 (48) -28

Total Revenue $ 863588222 $ 900532659 $ 36944437 41 $ 8636 $ 9005 $ 369 41

Expenses


Fringe Benefits 275971026 309912497 33941471 110 2760 3099 339 110



Utilities 13418319 14952313 1533994 103 134 150 15 103


Other Expenses 253559391 256286956 2727565 11 2536 2563 27 11

Depreciation 29602927 29955538 352611 12 296 300 04 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 62 $ 12104 $ 12908 $ 804 62

Excess(Deficiency)


Block Grant 127980805 132932522 4951717 37 $ 1280 $ 1329 $ 50 37








2020 2021


Revenues

Tuition amp Fees $ 29060676 $ 29657023 $ 596347 21




Net Patient Care 582256946 601641249 19384303 33



Other Income 148347296 148411225 63929 00

Total Revenue $ 948029389 $ 973147583 $ 25118194 26

Expenses

Salary Expense $ 441715240 $ 475319964 $ 33604724 76

Fringe Benefits 280926056 309912497 28986441 103




Utilities 13827598 14952313 1124715 81


Insurance 5837233 4056537 (1780696) -305


Drugs 78813874 78409267 (404607) -05


Other Expenses 103931692 104197373 265681 03

Debt Service 9362547 9166620 (195927) -21

Depreciation 29956361 29955538 (823) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 59

Excess(Deficiency)











calc check 1 0

Without COVID


2020 2021 2020 2021


Tuition and Fees $ 29060676 $ 29657023 $ 596347 20 $ 291 $ 297 $ 06 20




Other Revenue 175201389 172313096 (2888293) -17 1752 1723 (29) -17

Total Revenue $ 948029389 $ 973147583 $ 25118194 26 $ 9480 $ 9731 $ 251 26

Expenses


Fringe Benefits 280926056 309912497 28986441 94 2809 3099 290 94



Utilities 13827598 14952313 1124715 75 138 150 11 75


Other Expenses 254414390 257183988 2769598 11 2544 2572 28 11

Depreciation 29956361 29955538 (823) -00 300 300 (00) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 56 $ 12314 $ 13044 $ 730 56

Excess(Deficiency)


Block Grant 124934428 132932522 7998094 60 $ 1249 $ 1329 $ 80 60







With COVID


2020 2020


Revenues

Tuition amp Fees $ 29211331 $ 28615507 $ 595824 21




Net Patient Care 501935048 576419793 (74484745) -129




Total Revenue $ 863588222 $ 923319556 $ (59731334) -65

Expenses

Salary Expense $ 441616083 $ 441407099 $ 208984 00

Fringe Benefits 275971026 281702013 (5730987) -20




Utilities 13418319 13843412 (425093) -31


Insurance 6671270 3962746 2708524 683


Drugs 69648124 70178011 (529887) -08



Debt Service 9349033 9310831 38202 04

Depreciation 29602927 29273299 329628 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08

Excess(Deficiency)











calc check 2 1


2020 2020 2020 2020


Tuition and Fees $ 29211331 $ 28615507 $ 595824 21 $ 292 $ 286 $ 06 21




Other Revenue 177125200 154622407 22502793 146 1771 1546 225 146

Total Revenue $ 863588222 $ 923319556 $ (59731334) -65 $ 8636 $ 9233 $ (597) -65

Expenses


Fringe Benefits 275971026 281702013 (5730987) -20 2760 2817 (57) -20



Utilities 13418319 13843412 (425093) -31 134 138 (04) -31


Other Expenses 253559391 253333252 226139 01 2536 2533 02 01

Depreciation 29602927 29273299 329628 11 296 293 03 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08 $ 12104 $ 12196 $ (92) -08

Excess(Deficiency)


Block Grant 127980805 124934428 3046377 24 $ 1280 $ 1249 $ 30 24





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 9998 (0)


Proposed Budget 2021 475319964 309912497 61790011 146073433 108317896 202940563 1304354364 1304354364 - 0

Percent 3644 2376 474 1120 830 1556 10000 10000 - 0



Without COVID


2020 2020


Revenues

Tuition amp Fees $ 29060676 $ 28615507 $ 445169 16




Net Patient Care 582256946 576419793 5837153 10




Total Revenue $ 948029389 $ 923319556 $ 24709833 27

Expenses

Salary Expense $ 441715240 $ 441407099 $ 308141 01

Fringe Benefits 280926056 281702013 (775957) -03




Utilities 13827598 13843412 (15814) -01


Insurance 5837233 3962746 1874487 473


Drugs 78813874 70178011 8635863 123



Debt Service 9362547 9310831 51716 06

Depreciation 29956361 29273299 683062 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10

Excess(Deficiency)











calc check 1 1


2020 2020 2020 2020


Tuition and Fees $ 29060676 $ 28615507 $ 445169 16 $ 291 $ 286 $ 04 16




Other Revenue 175201389 154622407 20578982 133 1752 1546 206 133

Total Revenue $ 948029389 $ 923319556 $ 24709833 27 $ 9480 $ 9233 $ 247 27

Expenses


Fringe Benefits 280926056 281702013 (775957) -03 2809 2817 (08) -03



Utilities 13827598 13843412 (15814) -01 138 138 (00) -01


Other Expenses 254414390 253333252 1081138 04 2544 2533 11 04

Depreciation 29956361 29273299 683062 23 300 293 07 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10 $ 12314 $ 12196 $ 118 10

Excess(Deficiency)


Block Grant 124934428 124934428 - 0 00 $ 1249 $ 1249 $ - 0 00





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 10000 - 0


Budget 2020 441407099 281702013 58373774 132359764 102797614 202963180 1219603444 1219603444 - 0

Percent 3619 2310 479 1085 843 1664 10000 10000 - 0

Revenues by Source



Actuals 2020 29060676 90408854 71101524 582256946 175201389 290306934 1238336323 1238336323 - 0

Percent 235 730 574 4702 1415 2344 10000 10000 - 0


Budget 2020 28615507 91117365 72544484 576419793 154622407 285675059 1208994615 1208994615 - 0

Percent 237 754 600 4768 1279 2363 10000 10001 0000





















ATTACHMENT 2


1















EDUCATION ABROAD



Purpose


2











Multiple Sources






Purpose


Purpose





3







IncLM120119 $31000000 070120-063025 Operating








JANITORIAL SERVICES



Purpose

Purpose



4





FY19Expenditures













FY19Expenditures


CT IncUC-16-JW090215 $250000










FY19Expenditures














5





FY19Expenditures













FY19Expenditures


Inc12PSX0026 $500000



$2802536]








FY19Expenditures




$1500000]




EMPLOYMENT SERVICES

CATERING SERVICES



6





FY19Expenditures













FY19Expenditures










UC-15-KA111814-8








FOOD SERVICES


7





FY19Expenditures













FY19Expenditures




$14000000]








FY19Expenditures








INTERNET SERVICES




8





FY19Expenditures












FY19Expenditures












9





FY19Expenditures









FY19Expenditures



UC-19-KA102918-8










10





FY19Expenditures


8$0



Remains the Same]








FY19Expenditures





$13270000]






LIBRARY SERVICES


11










Purpose









Purpose

LEASES FOR APPROVAL

ATTACHMENT 3




























EXECUTION VERSION












2











3











4














5















6















7











8











endowed funds


9









10









11










12















13



14


15




16











17



1









2













3







innovation















4






7 Governing Law


5


ATTACHMENT 4








as Issuer

and


as Trustee

___________________________________________________________


AUTHORIZING



___________________________________________________________


(i)

TABLE OF CONTENTS

Page








1




ARTICLE I










2










ARTICLE II



3





4



5



ARTICLE III

Form of the Bonds


ARTICLE IV


6

ARTICLE V

Miscellaneous


7


8



___________________ Its President

(SEAL)

ATTEST



Date _______ 2020 By

Name Title

9

APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891 22537584600 15476011026

$12560000000

11640000000 1300000000 500000000

_____________ $26000000000




ATTACHMENT 5


























APPENDIX A1



UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093

832744754 514668833 349580700

95893352891 9257938976

22537584600 4070892400

1245577032 13902762542

1187772442 389912858 146114600

7521427

15476011026 1658305

153037300 160876400

2365140300

$902432700 1202360607

730278200 40399300 55116600

4774837687 2097091300 3450000000

2650900 29975232

1329968200 900272442

15000000 3500000

7521427

4399171700 1658305 3037300

112982700 441745400

_____________ $20500000000



$1590146591

5116551991

11642939000 11748431591

38745738709

$487646591

167492809

412500000 1167900000

8814460600

_____________ $11050000000





ATTACHMENT 6












APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018 12821987093 95893352819

92579 38976

22537584600 4070892400

13902762542 389912858

15476011026 150087000

$647686100 13197765

6585912735

1934471000 900000000 454499800

6842431800 16465400

494991000 39344400

_____________ $17929000000


$ 5116551991

11642939000 11748431591 3957823200

38745738709

$388694500

225000000 2005829791

459998800

3031476909 _____________ $6111000000




ATTACHMENT 7
















APPENDIX A1




UCONN 2000 Projects



Needed -DSC Bonds




$50851086018

95893352891

9257938976 22537584600

640830409 13902762542

$4490303700

7405227696

616584276 1177516000

137190700 1731762628

$15558585000


$5116551991

11642939000 3957823200

38745738709

$86340600

3647500000 53074400

654500000 ___________

$4441415000




ATTACHMENT 8






TYPE BUDGET

PROJECT NAME

PROPOSEDFINAL



SUBTOTAL 3845000$



SOURCE OF FUNDING



BOT 62420



FINAL



ATTACHMENT 9

ATTACHMENT 10

ATTACHMENT 11














Previous Statute

31820 Changes

Revised Statute


$3820 Phase II FY00-FY05 5800

5800

Phase III





Attachment A

Science Program

Academic Priorities


Other






116400000










BOT 62420

Attachment B


62619Notes



BOT 62420

ATTACHMENT 12


FY21 Spending Plan


June 12


June 15


June 24

bull BOT Meeting


July-August





2




Key Issues



Since the pandemic






4









UConn Health


5









6









Academic Savings

7












9




253 144 280 250



-$





FY21 Fall Scenarios

10



In Millions ($M)


(INT -74 OSS +64)


(INT -40 OSS -7)


(INT -65 OSS -50)


COVID impact






Lost fees 20 10 260





FY21 Assumptions

11





On-campus Mid Case

Online Worst Case

In-state +1 -5 -5



On-campus Best Case

On-campus Mid Case

Online Worst Case

Housing -25 -55 -100




FY19Actuals

FY20Forecast


FY21 Budget Covid

On-Campus Best Case

FY21 Budget Covid

On-Campus Mid Case


Worst CaseRevenues



Net GainLoss 65$ (167)$ (70)$ (466)$ (648)$ (1286)$






Research Fund 1269


Revenues ($M)



Adjustments121

Tuition302

Fees 96


143


59Foundation


15

Research Fund 81

Other Revenue

20






42

Normal Current

Costs 58

14




Research Fund 1259


Expenditures ($M)


Fringe Benefits

212

Other Expenses

193


138


20

Research Fund82

Financial Aid



FY21 Budget

FY18-FY21Change









16









Capital Budget Plan

17






Defe

rred

M

aint

enan

ce

Academic

Other


ienc

e Pr

ogra

m












planning and design



19










21

15000000

20000000

25000000

30000000

35000000

40000000

45000000

50000000

Jan -2020


Feb Mar Apr May Jun

Pre COVID COVID





22


($400)

($481)

($594)

($405)

($509)

($1149)

($159)($159) ($184) ($182)

($106)($126) ($154)($99)

($177)

($532)

($1400)

($1200)

($1000)

($800)

($600)

($400)

($200)

$00


$559M Operations

$59M COVID


23




Total Revenue 8636$ 9005$ 369$ 41


Total Expenses 12104$ 12908$ 804$ 62






Cash

24

(40000000)

(20000000)

-

20000000

40000000

60000000

80000000

3312020 4302020 5312020 6302020 7312020 8312020 9302020Cash Balance 66011075 50246454 60822111 48930646 5598550 (9910334) (19410334)









66

Patient Care452

Other Income147



Adjustments121


With COVID



Revenue ($M)






73


Patient Care480

Other Income138



115

Without COVID



Revenue ($M)






Fringe Benefits240


103

Patient Care4249


ServiceProjects23





Expenditures ($M)

With COVID



ampP

Patient Care4521


Patient Care4483



ampP


Fringe Benefits1995



ampP


ampP


Fringe Benefits2004



ampP


ampP


ampP





ampP



JDH-wo COVID

ampP

UMG-wo COVID

ampP

JDH Stats 1

ampP

Patient Days

000041016403263899240660


000011033118421273513933

Discharges

00008515848784848865


000048484599999999999999645999999999999996


JDH Stats 2

ampP

Surgical Cases

Main

00006140626663746500 FSC

00004339506953545441


000099584110313109747109747



00000000Commercial

00000260250250Medicaid

00000230240240Medicare

00000440440440Other

000070000000000000007E-270000000000000007E-270000000000000007E-20


000038414241

UMG Stats 1

ampP

Physician RVUs

Physician RVUs

0000987303105568310394201149541

Expense Per RVU

000090069126701731889840876873076482242085110494314136821000485237151176

Net Revenue Per RVU

000075167436946914975686746286527300361077952193147925310026627845443694


000054524548

UMG Stats 2

ampP



0000Commercial

00000420404037Medicaid

000001801902021Medicare

0000034035036036Other

0000006006006006



0000618201660043651480690474

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp


ampP

Patient Care4249



Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast


elimination summary

image1png

ATTACHMENT B







37514493 37514493 - - -








Project Name









Project Name










Project Name










Project Name


70259947 47793034 21503115 - 963798













Project Name


6975386 6027807 947579 - -





48613554 - - 48557864 55690




1729313 1729313



190078511 111824807 22711678 48557864 6984162



3490373 3490373 - - -



























Project Name

34339 34339 - - -


6103092 6103092 - - -

196181603$ 117927899$ 22711678$ 48557864$ 6984162$

-$ 3199256$ (3170362)$ -$ (28894)$











ATTACHMENT





62420 Approval




APPROVED AS TO FORM


RECOMMENDATION

BACKGROUND




TABLE OF CONTENTS

Page




By

___________________

ATTEST

By


By








BACKGROUND



BACKGROUND



Report 1




APPROVED AS TO FORM




Key Issues




Academic Savings



FY21 Fall Scenarios

FY21 Assumptions




Financial Aid


Capital Budget Plan







Cash











2016 2016 2016 2017 2016



50000 60000 100000 100000 107680


















2615282 3139407 2550073 2550073 3534400



















467936 561523 522042 522042 790887


of total rate








1000





Version Actual

Fiscal_Year 2020





Title All Titles -




Pay_Period 23 YTD


All Funds - R01 23292411 000 0

All Funds - R02 83717450 8568 71729111


All Funds - R10 33899141 8568 29044784 159689863 132957886 113918317





20 - Operating Fund R01 13401069 000 0

20 - Operating Fund R02 14325884 8568 12274418

20 - Operating Fund R04 127556 000 0

20 - Operating Fund R10 9724843 8568 8332246
















80 - Clinical Funds R01 7721507 000 0

80 - Clinical Funds R02 14909629 8568 12774570

80 - Clinical Funds R04 174161 000 0

80 - Clinical Funds R10 6018166 8568 5156365

All Funds-FS - R01 23292411 000 0 8527

All Funds-FS - R02 83717450 8568 71729111 4610 5510 5510

All Funds-FS - R04 355107 000 0

All Funds-FS - R10 33899141 8568 29044784

UMG - R01 6152483 000 0

UMG - R02 15287053 8568 13097947

UMG - R04 125896 000 0

UMG - R10 7566264 8568 6482775

JDH-Hospital - R01 7816582 000 0

JDH-Hospital - R02 35876255 8568 30738775

JDH-Hospital - R04 180593 000 0

JDH-Hospital - R10 10762462 8568 9221278

All Funds-FS -

Forecast

2020



65001 - Retirement 160425864 5711


65005 - FICA (OASDI) 18303851

65007 - FICA (Medicare) 5851528















4733

Fiscal_Year 2020

Fund All Funds-FS -




Period February

FY2020

Total Fiscal Year




















720 - Utilities 13418319


730 - Insurance(FS) - 6671270


750 - Drugs 69648124





















Fiscal_Year 2020





Measure Amount




Debit Credit

2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020













Total Revenue-FS - 127595191 11955525 109329048 9261117 128415542 10410559 501524744 24827830 923319556 - 0 - 0 923319556

6A - Salary Expense 66539960 17437398 66383815 1993626 112024755 5105737 171921808 - 441407099 441407099






720 - Utilities 743453 207783 4690260 232293 1967196 8537 5993892 - 13843412 13843412


730 - Insurance(FS) - 561108 94955 34999 (37351) 329274 194472 2785288 - 3962746 3962746


750 - Drugs (53951) (14395) (35405) 73954 6509112 7242 57265748 6425707 70178011 70178011


Other Expenses - 8185343 2959721 3730580 323713 1996103 110548 4758289 17688 22081983 22081983



770 - Debt Services - - - - - - 74255 9236576 9310831 9310831

Depreciation - 1287690 384760 8480201 603937 2131235 175854 8572941 7636682 29273299 29273299


Net Income-FS - (73178648) (23880591) (63743735) 1581638 (100547807) (4011484) (32124440) (378706) (296283889) (296283889)


















Fiscal_Year 2021





Measure Amount


















Total Revenue-FS - 132381660 12673167 106532300 11657209 135295712 11062809 530416278 33128449 973147583 - 0 - 0 973147583

6A - Salary Expense 72448909 18392016 68340170 2969879 124578113 5416641 183174235 - 475319964 475319964






720 - Utilities 897074 247495 4832798 486568 2092793 8664 6386921 - 14952313 14952313


730 - Insurance(FS) - 590129 98873 29205 17548 330769 194472 2795540 - 4056537 4056537


750 - Drugs 80 - 428 13121 7930704 10209 56998536 13456189 78409267 78409267


Other Expenses - 7901802 2818081 4095509 178269 1528414 120806 4424987 14000 21081869 21081869



770 - Debt Services - - - 135030 1589 - 148929 8881072 9166620 9166620

Depreciation - 1329645 393535 8388004 1225175 2182282 174566 8633316 7629014 29955538 29955538


Net Income-FS - (82947511) (24902705) (67244651) 1314980 (117999766) (4013285) (36023678) 609835 (331206781) (331206781)

















56428875



Fiscal_Year 2020





Measure Amount


















Total Revenue-FS - 123210340 12371453 108183678 13067662 130458208 10649738 513250801 36837508 948029388 - 0 - 0 948029388

6A - Salary Expense 66571521 17317151 66310587 3499597 111270101 5092236 171654047 - 441715240 441715240






720 - Utilities 708946 198576 4683351 420774 1893644 8664 5913642 - 13827598 13827598


730 - Insurance(FS) - 454000 247228 29606 (301123) 445352 194472 4767697 - 5837233 5837233


750 - Drugs 126 - 9311 13121 7604044 10159 54728484 16448629 78813874 78813874


Other Expenses - 7649768 2821851 3176167 1000658 1422628 110220 4310711 101580 20593582 20593582



770 - Debt Services - - - 9396 1720 - 114856 9236576 9362547 9362547

Depreciation - 1309035 388144 8372163 1339721 2160874 174566 8582021 7629837 29956361 29956361


Net Income-FS - (74186913) (23422203) (60191234) (3072284) (98047653) (3844874) (20855871) 261450 (283359582) (283359582)

















Expenditures ($M)





Other Expenses 2803




Total Costs $ 1257




Proposed Budget 2021 4753 3099 1334 618 2803 300 12908 12908 - 0

Percent 3683 2401 1034 479 2172 232 10000 10001 0000



Total Fringe 3099




2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 16023124 16023124 - 0 00

Total Revenue $ 36837508 $ 33128449 $ (3709059) -101

Expenses

Salary Expense $ - 0 $ - 0 $ - 0 -






Utilities - 0 - 0 - 0 -


Insurance - 0 - 0 - 0 -


Drugs 16448629 13456189 (2992440) -182


Other Expenses 101580 14000 (87580) -862



Debt Service 9236576 8881072 (355504) -38

Depreciation 7629837 7629014 (823) -00

Total Expenses $ 36576058 $ 32518614 $ (4057444) -111

Excess(Deficiency)


calc check - 0 - 0

Dental Clinics -



2020 2021


Revenues

Tuition amp Fees $ 39600 $ 39600 $ - 0 00










Internal Income 107648 113305 5657 53

Total Revenue $ 10649738 $ 11062809 $ 413071 39

Expenses

Salary Expense $ 5092236 $ 5416641 $ 324405 64

Fringe Benefits 3814271 4056346 242075 63





Utilities 8664 8664 - 0 00


Insurance 194472 194472 - 0 00


Drugs 10159 10209 50 05


Other Expenses 110220 120806 10586 96




Depreciation 174566 174566 - 0 00

Total Expenses $ 14494612 $ 15076093 $ 581481 40

Excess(Deficiency)


calc check - 0 (0)




2020 2021


Revenues

Tuition amp Fees $ 63299 $ 63389 $ 90 01










Internal Income 6646777 5377529 (1269248) -191

Total Revenue $ 13067662 $ 11657209 $ (1410453) -108

Expenses

Salary Expense $ 3499597 $ 2969879 $ (529718) -151

Fringe Benefits 2452401 2224935 (227466) -93





Utilities 420774 486568 65794 156


Insurance (301123) 17548 318671 -1058


Drugs 13121 13121 - 0 00


Other Expenses 1000658 178269 (822388) -822



Debt Service 9396 135030 125634 13372

Depreciation 1339721 1225175 (114546) -85

Total Expenses $ 16139945 $ 10342229 $ (5797716) -359

Excess(Deficiency)


calc check (0) (0)

RESEARCH FUNDS -



2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -










Internal Income 7310820 6746142 (564679) -77

Total Revenue $ 108183678 $ 106532300 $ (1651378) -15

Expenses

Salary Expense $ 66310587 $ 68340170 $ 2029583 31

Fringe Benefits 38936156 40873421 1937265 50





Utilities 4683351 4832798 149447 32


Insurance 29606 29205 (400) -14


Drugs 9311 428 (8883) -954


Other Expenses 3176167 4095509 919342 289




Depreciation 8372163 8388004 15841 02

Total Expenses $ 168374912 $ 173776951 $ 5402039 32

Excess(Deficiency)


calc check - 0 - 0

SODM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 9989924 $ 10069019 $ 79094 08











Total Revenue $ 12371453 $ 12673167 $ 301714 24

Expenses

Salary Expense $ 17317151 $ 18392016 $ 1074865 62

Fringe Benefits 11468861 12036493 567632 49





Utilities 198576 247495 48919 246


Insurance 247228 98873 (148355) -600


Drugs - 0 - 0 - 0 -


Other Expenses 2821851 2818081 (3770) -01




Depreciation 388144 393535 5391 14

Total Expenses $ 35793656 $ 37575873 $ 1782217 50

Excess(Deficiency)


calc check - 0 - 0

SOM FUNDS -



2020 2021


Revenues

Tuition amp Fees $ 18968422 $ 19485015 $ 516593 27










Internal Income 28393078 31134385 2741307 97

Total Revenue $ 123210340 $ 132381660 $ 9171320 74

Expenses

Salary Expense $ 66571521 $ 72448909 $ 5877388 88

Fringe Benefits 37163140 40781191 3618051 97





Utilities 708946 897074 188128 265


Insurance 454000 590129 136129 300


Drugs 126 80 (46) -365


Other Expenses 7649768 7901802 252034 33




Depreciation 1309035 1329645 20611 16

Total Expenses $ 197397253 $ 215329171 $ 17931918 91

Excess(Deficiency)


calc check - 0 - 0

NOT USED ANY LONGER

Spending Plan



















C Arms(6) OR 175805 36898





8831454 9166620

UConn Medical Group

Statistical Graphs





Other 6 6 6 6

100 100 102 100


677 -130 599

UConn Medical Group

Statistical Graphs


Physician RVUs 987303 1055683 1039420 1149541

693 -154 1059

Encounters 633479 675982 667870 706488

Anesth 15278 15939 16390 16014

Enc Less Ane 618201 660043 651480 690474

RVU per Enc 160 160 160 166

Net rev per enc 11715 10725 16776 16315

Expense Per RVU 9007 8409 20851 21000

-664 14797 072


-864 5697 -698


Net Revenue 74213036 72498638 120076516 123157341



Other Revenue 7634596 11770889 10381692 12138371

Expenses 100438683 100438683 228505859 253295477



Bottom Line (12999308) (18591051) (98047653) (117999766)




Surgical Cases 41016 40957 42008 - 0

Main 6140 6266 6374 6500

FSC 4339 5069 5354 5441


1077 -051 000



Medicaid 23 24 24 0

Medicare 44 44 44 0

Other 7 7 7 0

100 100 100 0


789 244 -238




Patient Days 41016 40326 38992 40660

-168 -331 428


733 754 941

Discharges 8515 8487 8484 8865

-033 -004 449


000 -417 000

UConn Medical Group




2020 2021


Revenues

Tuition amp Fees $ (570) $ - 0 $ 570 -1000











Internal Income 4755961 6710756 1954795 411

Other Income 10381692 12138371 1756679 169

Total Revenue $ 130458208 $ 135295712 $ 4837504 37

Expenses

Salary Expense $ 111270101 $ 124578113 $ 13308012 120

Fringe Benefits 64701730 74034251 9332521 144





Utilities 1893644 2092793 199149 105


Insurance 445352 330769 (114583) -257


Drugs 7604044 7930704 326660 43


Other Expenses 1422628 1528414 105786 74



Debt Service 1720 1589 (131) -76

Depreciation 2160874 2182282 21408 10

Total Expenses $ 228505859 $ 253295477 $ 24789618 108

Excess(Deficiency)


rev check 0 0

calc check (0) (0)





2020 2021


Revenues

Tuition amp Fees $ - 0 $ - 0 $ - 0 -











Internal Income 2101578 2101578 - 0 00

Other Income 61229496 62498909 1269413 21

Total Revenue $ 513250801 $ 530416278 $ 17165477 33

Expenses

Salary Expense $ 171654047 $ 183174235 $ 11520188 67

Fringe Benefits 122389496 135905860 13516364 110





Utilities 5913642 6386921 473279 80


Insurance 4767697 2795540 (1972157) -414


Drugs 54728484 56998536 2270052 41


Other Expenses 4310711 4424987 114276 27



Debt Service 114856 148929 34073 297

Depreciation 8582021 8633316 51295 06

Total Expenses $ 534106673 $ 566439956 $ 32333283 61

Excess(Deficiency)


Rev check $ (0) $ 0

calc check 0 1

Revenue ($M)




Tuition 297




Other Revenue 1723


- 0


Proposed Budget 2021 297 894 777 5314 1723 1329 1424 11759 11759 - 0

Percent 252 760 661 4519 1465 1131 1211 10000 9999 (0000)

UConn Health







TuitionFees 297




Expenditures ($M)














2020 2021 2020 2021




Tuition and Fees 29211331 29657023 292 297 04 15




Other Revenue 177125200 172313096 1771 1723 (48) -27



Fringe Benefits 162048925 184235715 1620 1842 222 137



Utilities 13418319 14952313 134 150 15 114


Other Expenses 253559391 256286956 2536 2563 27 11

Depreciation 29602927 29955538 296 300 04 12









Cash Flow










2020 2021 2020 2021




Tuition and Fees 29060676 29657023 291 297 06 21




Other Revenue 175201388 172313096 1752 1723 (29) -16



Fringe Benefits 171004901 188617720 1710 1886 176 103



Utilities 13827598 14952313 138 150 11 81


Other Expenses 254414390 257183988 2544 2572 28 11

Depreciation 29956361 29955538 300 300 (00) -00









Cash Flow












2020 2021


Revenues

Tuition amp Fees $ 29211331 $ 29657023 $ 445692 15




Net Patient Care 501935048 531423014 29487966 59



Other Income 150736087 148005359 (2730728) -18

Total Revenue $ 863588222 $ 900532659 $ 36944437 43

Expenses

Salary Expense $ 441616083 $ 475319964 $ 33703881 76

Fringe Benefits 275971026 309912497 33941471 123




Utilities 13418319 14952313 1533994 114


Insurance 6671270 4056537 (2614733) -392


Drugs 69648124 69104996 (543128) -08


Other Expenses 106898016 105166760 (1731256) -16

Debt Service 9349033 9166620 (182413) -20

Depreciation 29602927 29955538 352611 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 66

Excess(Deficiency)











calc check 2 1


2020 2021 2020 2021


Tuition and Fees $ 29211331 $ 29657023 $ 445692 15 $ 292 $ 297 $ 04 15




Other Revenue 177125200 172313096 (4812104) -28 1771 1723 (48) -28

Total Revenue $ 863588222 $ 900532659 $ 36944437 41 $ 8636 $ 9005 $ 369 41

Expenses


Fringe Benefits 275971026 309912497 33941471 110 2760 3099 339 110



Utilities 13418319 14952313 1533994 103 134 150 15 103


Other Expenses 253559391 256286956 2727565 11 2536 2563 27 11

Depreciation 29602927 29955538 352611 12 296 300 04 12

Total Expenses $ 1210438480 $ 1290808800 $ 80370320 62 $ 12104 $ 12908 $ 804 62

Excess(Deficiency)


Block Grant 127980805 132932522 4951717 37 $ 1280 $ 1329 $ 50 37








2020 2021


Revenues

Tuition amp Fees $ 29060676 $ 29657023 $ 596347 21




Net Patient Care 582256946 601641249 19384303 33



Other Income 148347296 148411225 63929 00

Total Revenue $ 948029389 $ 973147583 $ 25118194 26

Expenses

Salary Expense $ 441715240 $ 475319964 $ 33604724 76

Fringe Benefits 280926056 309912497 28986441 103




Utilities 13827598 14952313 1124715 81


Insurance 5837233 4056537 (1780696) -305


Drugs 78813874 78409267 (404607) -05


Other Expenses 103931692 104197373 265681 03

Debt Service 9362547 9166620 (195927) -21

Depreciation 29956361 29955538 (823) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 59

Excess(Deficiency)











calc check 1 0

Without COVID


2020 2021 2020 2021


Tuition and Fees $ 29060676 $ 29657023 $ 596347 20 $ 291 $ 297 $ 06 20




Other Revenue 175201389 172313096 (2888293) -17 1752 1723 (29) -17

Total Revenue $ 948029389 $ 973147583 $ 25118194 26 $ 9480 $ 9731 $ 251 26

Expenses


Fringe Benefits 280926056 309912497 28986441 94 2809 3099 290 94



Utilities 13827598 14952313 1124715 75 138 150 11 75


Other Expenses 254414390 257183988 2769598 11 2544 2572 28 11

Depreciation 29956361 29955538 (823) -00 300 300 (00) -00

Total Expenses $ 1231388969 $ 1304354364 $ 72965395 56 $ 12314 $ 13044 $ 730 56

Excess(Deficiency)


Block Grant 124934428 132932522 7998094 60 $ 1249 $ 1329 $ 80 60







With COVID


2020 2020


Revenues

Tuition amp Fees $ 29211331 $ 28615507 $ 595824 21




Net Patient Care 501935048 576419793 (74484745) -129




Total Revenue $ 863588222 $ 923319556 $ (59731334) -65

Expenses

Salary Expense $ 441616083 $ 441407099 $ 208984 00

Fringe Benefits 275971026 281702013 (5730987) -20




Utilities 13418319 13843412 (425093) -31


Insurance 6671270 3962746 2708524 683


Drugs 69648124 70178011 (529887) -08



Debt Service 9349033 9310831 38202 04

Depreciation 29602927 29273299 329628 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08

Excess(Deficiency)











calc check 2 1


2020 2020 2020 2020


Tuition and Fees $ 29211331 $ 28615507 $ 595824 21 $ 292 $ 286 $ 06 21




Other Revenue 177125200 154622407 22502793 146 1771 1546 225 146

Total Revenue $ 863588222 $ 923319556 $ (59731334) -65 $ 8636 $ 9233 $ (597) -65

Expenses


Fringe Benefits 275971026 281702013 (5730987) -20 2760 2817 (57) -20



Utilities 13418319 13843412 (425093) -31 134 138 (04) -31


Other Expenses 253559391 253333252 226139 01 2536 2533 02 01

Depreciation 29602927 29273299 329628 11 296 293 03 11

Total Expenses $ 1210438480 $ 1219603444 $ (9164964) -08 $ 12104 $ 12196 $ (92) -08

Excess(Deficiency)


Block Grant 127980805 124934428 3046377 24 $ 1280 $ 1249 $ 30 24





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 9998 (0)


Proposed Budget 2021 475319964 309912497 61790011 146073433 108317896 202940563 1304354364 1304354364 - 0

Percent 3644 2376 474 1120 830 1556 10000 10000 - 0



Without COVID


2020 2020


Revenues

Tuition amp Fees $ 29060676 $ 28615507 $ 445169 16




Net Patient Care 582256946 576419793 5837153 10




Total Revenue $ 948029389 $ 923319556 $ 24709833 27

Expenses

Salary Expense $ 441715240 $ 441407099 $ 308141 01

Fringe Benefits 280926056 281702013 (775957) -03




Utilities 13827598 13843412 (15814) -01


Insurance 5837233 3962746 1874487 473


Drugs 78813874 70178011 8635863 123



Debt Service 9362547 9310831 51716 06

Depreciation 29956361 29273299 683062 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10

Excess(Deficiency)











calc check 1 1


2020 2020 2020 2020


Tuition and Fees $ 29060676 $ 28615507 $ 445169 16 $ 291 $ 286 $ 04 16




Other Revenue 175201389 154622407 20578982 133 1752 1546 206 133

Total Revenue $ 948029389 $ 923319556 $ 24709833 27 $ 9480 $ 9233 $ 247 27

Expenses


Fringe Benefits 280926056 281702013 (775957) -03 2809 2817 (08) -03



Utilities 13827598 13843412 (15814) -01 138 138 (00) -01


Other Expenses 254414390 253333252 1081138 04 2544 2533 11 04

Depreciation 29956361 29273299 683062 23 300 293 07 23

Total Expenses $ 1231388969 $ 1219603444 $ 11785525 10 $ 12314 $ 12196 $ 118 10

Excess(Deficiency)


Block Grant 124934428 124934428 - 0 00 $ 1249 $ 1249 $ - 0 00





Expenses by Source



Actuals 2020 441715240 280926056 57927261 143259516 103619798 203941098 1231388969 1231388969 - 0

Percent 3587 2281 470 1163 841 1656 10000 10000 - 0


Budget 2020 441407099 281702013 58373774 132359764 102797614 202963180 1219603444 1219603444 - 0

Percent 3619 2310 479 1085 843 1664 10000 10000 - 0

Revenues by Source



Actuals 2020 29060676 90408854 71101524 582256946 175201389 290306934 1238336323 1238336323 - 0

Percent 235 730 574 4702 1415 2344 10000 10000 - 0


Budget 2020 28615507 91117365 72544484 576419793 154622407 285675059 1208994615 1208994615 - 0

Percent 237 754 600 4768 1279 2363 10000 10001 0000

CUBE	uchc_prdIncome_Statement

uchc_prdMeasure	Amount

uchc_prdOrganization	1 - UCHC

uchc_prdActivity	Activity All Plus Offset -

uchc_prdProgram	All Programs -

uchc_prdPeriod	Total Fiscal Year

	Actual	Actual Annualized	Forecast	Budget Proposed	Budget with Reallocations

	2016	2016	2016	2017	2016

72563 - JDH IP Agree-CMHC	270041 - CMHC Central Office In Patient JDH	- 0	- 0	- 0	- 0	107680

72563 - JDH IP Agree-CMHC	270049 - CMHC High Level Entries	50000	60000	100000	100000	- 0

	50000	60000	100000	100000	107680


72564 - JDH OP Svcs-CMHC	270027 - Halfway Houses	11202	13442	10136	10136	55000

72564 - JDH OP Svcs-CMHC	270049 - CMHC High Level Entries	(210049)	(252059)	(599208)	(599208)	- 0

72564 - JDH OP Svcs-CMHC	270052 - Osborn (Med)	697447	836936	717436	717436	850000

72564 - JDH OP Svcs-CMHC	270056 - Enfield (Med)	6109	7330	7681	7681	30000

72564 - JDH OP Svcs-CMHC	270061 - Garner (Med)	176195	211434	241798	241798	215000

72564 - JDH OP Svcs-CMHC	270065 - Brooklyn (Med)	2449	2939	4682	4682	- 0

72564 - JDH OP Svcs-CMHC	270071 - CorriganRadgowski (Med)	163135	195762	141881	141881	160000

72564 - JDH OP Svcs-CMHC	270079 - MacdougallWalker (Med)	629936	755924	686057	686057	900000

72564 - JDH OP Svcs-CMHC	270085 - York (Med)	286314	344645	295069	295069	375000

72564 - JDH OP Svcs-CMHC	270093 - Bridgeport (Med)	102305	122766	112716	112716	85000

72564 - JDH OP Svcs-CMHC	270097 - New Haven (Med)	162364	194837	270057	270057	125000

72564 - JDH OP Svcs-CMHC	270101 - Hartford (Med)	104692	125631	159577	159577	132000

72564 - JDH OP Svcs-CMHC	270105 - Cheshire (Med)	201766	242119	168492	168492	220000

72564 - JDH OP Svcs-CMHC	270113 - Manson Youth (Med)	17186	20623	13071	13071	70400

72564 - JDH OP Svcs-CMHC	270119 - WillardCybulski (Med)	142811	171373	173646	173646	150000

72564 - JDH OP Svcs-CMHC	270127 - Northern (Med)	26182	31418	39283	39283	72000

72564 - JDH OP Svcs-CMHC	270132 - Robinson (Med)	95238	114286	107699	107699	95000

	2615282	3139407	2550073	2550073	3534400


72566 - UMG OP Svcs-CMHC	270020 - CMHC Central Office Admin	5533	6640	4697	4697	- 0

72566 - UMG OP Svcs-CMHC	270027 - Halfway Houses	3736	4484	5328	5328	10000

72566 - UMG OP Svcs-CMHC	270049 - CMHC High Level Entries	(33460)	(40152)	(66070)	(66070)	- 0

72566 - UMG OP Svcs-CMHC	270052 - Osborn (Med)	113782	136538	125142	125142	150000

72566 - UMG OP Svcs-CMHC	270056 - Enfield (Med)	3396	4076	6131	6131	10000

72566 - UMG OP Svcs-CMHC	270061 - Garner (Med)	26416	31699	29307	29307	50000

72566 - UMG OP Svcs-CMHC	270065 - Brooklyn (Med)	590	709	1181	1181	20000

72566 - UMG OP Svcs-CMHC	270071 - CorriganRadgowski (Med)	26134	31361	34570	34570	35000

72566 - UMG OP Svcs-CMHC	270079 - MacdougallWalker (Med)	134078	160894	156073	156073	220000

72566 - UMG OP Svcs-CMHC	270085 - York (Med)	36340	43608	37374	37374	65000

72566 - UMG OP Svcs-CMHC	270093 - Bridgeport (Med)	18085	21702	22384	22384	30000

72566 - UMG OP Svcs-CMHC	270097 - New Haven (Med)	18098	21718	21594	21594	30000

72566 - UMG OP Svcs-CMHC	270101 - Hartford (Med)	29155	34986	39862	39862	60000

72566 - UMG OP Svcs-CMHC	270105 - Cheshire (Med)	31531	37837	33071	33071	30000

72566 - UMG OP Svcs-CMHC	270113 - Manson Youth (Med)	12794	15353	22376	22376	10000

72566 - UMG OP Svcs-CMHC	270119 - WillardCybulski (Med)	21369	25642	28243	28243	35000

72566 - UMG OP Svcs-CMHC	270127 - Northern (Med)	3025	3630	3359	3359	10887

72566 - UMG OP Svcs-CMHC	270132 - Robinson (Med)	17333	20800	17422	17422	25000

	467936	561523	522042	522042	790887

SERS Regular Retirement Rate Components		FY 2020

			of total rate

Employer Contributions for Retirement (Actuarys Report) - Normal Cost		132907244		(A)		736

Employer Contributions for Retirement (Actuarys Report) - Unfunded Liability		935060460		(B)		5177

SERS - Tier 4 Defined Contribution - Employer		2555349			014		8568

Retiree Health Insurance Costs (SERS Regular)		612446124			3391

Other Post Employment Benefit (OPEB) - State Contribution		83909650			465

Retirement Administration Costs - SERS Regular		10323525			057

Roll-Forward and Other Adjustments		28874702			160

			1000

Total SERS Regular Cost Pool		1806077054


Projected Salary Base for SERS Regular Actives		3010838540


SERS Regular Retirement Rate (Cost PoolSalary Base)		5999


Unfunded Retirement Report Summary					52120 1406

Version		Actual

Fiscal_Year		2020

Organization		All Organizations -

Activity		Activity All Plus Offset -

Program		All Programs -

Position_Code		All Position Codes

Title		All Titles -

Employee_Class		All Employee Classes

Account_Income_Statement		65001 - Retirement

Measure		Revised Amount

Pay_Period		23 YTD


		23 YTD		Unfunded		Unfunded Retirement Cost

All Funds -		R01		23292411		000		0

All Funds -		R02		83717450		8568		71729111

All Funds -		R04		355107		000		0	Total Retirement - annualized	SERS portion of Retirement	portion unfunded

All Funds -		R10		33899141		8568		29044784	159689863	132957886	113918317

10 - General Operations		R01		306862		000		0		8568

10 - General Operations		R02		49933436		8568		42782968

10 - General Operations		R04		6432		000		0

10 - General Operations		R10		14875638		8568		12745446	73616590	73262431	62771251

20 - Operating Fund		R01		13401069		000		0

20 - Operating Fund		R02		14325884		8568		12274418

20 - Operating Fund		R04		127556		000		0

20 - Operating Fund		R10		9724843		8568		8332246

30 - Designated Funds		R01		163479		000		0

30 - Designated Funds		R02		298510		8568		255763

30 - Designated Funds		R10		196653		8568		168492

40 - Rsch-Related Unrestricted Operating		R01		157534		000		0

40 - Rsch-Related Unrestricted Operating		R02		516425		8568		442473

40 - Rsch-Related Unrestricted Operating		R04		393		000		0

40 - Rsch-Related Unrestricted Operating		R10		472893		8568		405175

50 - Federal Restricted		R01		939909		000		0

50 - Federal Restricted		R02		1878626		8568		1609607

50 - Federal Restricted		R04		44142		000		0

50 - Federal Restricted		R10		1441879		8568		1235402

60 - Non-Federal Restricted		R01		602051		000		0

60 - Non-Federal Restricted		R02		1854940		8568		1589313

60 - Non-Federal Restricted		R04		2423		000		0

60 - Non-Federal Restricted		R10		1169069		8568		1001658

80 - Clinical Funds		R01		7721507		000		0

80 - Clinical Funds		R02		14909629		8568		12774570

80 - Clinical Funds		R04		174161		000		0

80 - Clinical Funds		R10		6018166		8568		5156365

All Funds-FS -		R01		23292411		000		0		8527

All Funds-FS -		R02		83717450		8568		71729111	4610	5510	5510

All Funds-FS -		R04		355107		000		0

All Funds-FS -		R10		33899141		8568		29044784

UMG -		R01		6152483		000		0

UMG -		R02		15287053		8568		13097947

UMG -		R04		125896		000		0

UMG -		R10		7566264		8568		6482775

JDH-Hospital -		R01		7816582		000		0

JDH-Hospital -		R02		35876255		8568		30738775

JDH-Hospital -		R04		180593		000		0

JDH-Hospital -		R10		10762462		8568		9221278


	All Funds-FS -

	Forecast

	2020

6A - Salary Expense		441715240

65000 - Employee Fringe Benefit Expense		3216000

65001 - Retirement		160425864		5711

65003 - Health Insurance		82578534

65005 - FICA (OASDI)		18303851

65007 - FICA (Medicare)		5851528

65009 - Group Life Insurance		275834

65011 - Unemployment Insurance		(0)

65013 - Workers Compensation		3448802

65017 - Tuition Reimbursement-UHP		176952

65018 - Tuition Reimbursement-Mgrl Confiden		29552

65020 - Fringe Benefits Adj - Manual		5491041

65025 - Salary Cap Fringe Adjustment		0

65026 - Graduate Assistant Benefit - Manual		36635

65030 - Accrued Fringe Benefits Comp Abs		731250

65031 - Accrued Employee Fringe Benefits		2514507

65032 - Fringe Percentage Chargeback		(0)

65035 - Payout at Separation Adjustment-FB		(2154293)

6B - Fringe Benefits(FS) -		280926056


SERS cost only		132957886

	4733

Fiscal_Year	2020

Fund	All Funds-FS -

Organization	1 - UCHC

Activity	Activity All Plus Offset -

Program	All Programs -

Period	February

	FY2020

	Total Fiscal Year

	Forecast (Remaining Budget with EST Covid-19 adjustment)

5AB - Tuition amp Fees -		29211331

5C - Federal Grant Revenue		56758304

5D - Non-Fed Research Grants amp Contracts		27027502

5E - Auxiliary Services		20600073

5F - IntRes Distribution		71530837

5G - Net Patient Care Revenue		501935048

5I - Gift amp Endowment Income		5097842

5J - Contractual amp Other Income		82960140

FampA Recoveries -		4254

5L - Investment Income		691198

5M - Internal Income		67771693

Total Revenue-FS -		863588223

6A - Salary Expense		441616083

6B - Fringe Benefits		275971026

7A - Internal Contractual Support		69754092

7B - MedicalDental House Staff		58004910

710 - Medical Contractual Support		18997352

715 - TemporaryPer Diem Staff		3908084

720 - Utilities		13418319

Outside amp Other Purchased Services -		99438243

730 - Insurance(FS) -		6671270

735 - Repair and Maintenance		17646426

750 - Drugs		69648124

755 - Medical Supplies		59268667

Other Expenses -		22797146

7H - Grants Sub-Contracts		14287334

7I - Grants Close Out Exp Adj		59445

770 - Debt Services		9349033

Depreciation -		29602927

Total Expenses-FS -		1210438482

Net Income-FS -		(346850259)

59901 - State Appropriation		112657804

59902 - In Kind Fringe Benefits		120328110

59906 - Fringe Differential Approp		13500000

59909 - State Appropriation - Bioscience CT		15323000

59912 - Workers Compensation Appropriation		2670432

59913 - Workers Compensation Claims Exp		(4000945)

59914 - Transfer to State of CT Agencies		- 0

59916 - State Support-FB Unfunded Liability		33200000

State Appropriations-FS -		293678401

Net Income(After Approp)-FS -		(53171859)


Expenditures ($M)

Salaries amp Wages		4753

Fringe Benefits		3099

Drugs amp Medical Supplies		1334

Resident and Fellow house staff		618

Other Expenses		2803

Debt ServiceProjects		300

Total Expenditures		$ 12908


bottom line check		$ (1149)									Unfunded Fringe Liabilities		($M)

									Total Costs		$ 1257

									Less State Reimbursement		(692)

									Net UCH Funded Costs		$ 564


	Revenues		Salaries amp Wages		Fringe Benefits		Drugs amp Medical Supplies		Resident and Fellow house staff		Other Expenses		Debt ServiceProjects		Total		check

Proposed Budget		2021		4753		3099		1334		618		2803		300		12908		12908		- 0

	Percent		3683		2401		1034		479		2172		232		10000		10001		0000

									NormalCurrent Costs		1842		594

									Unfunded Liab and Retiree Health		1257		406

									Total Fringe		3099

88 - Finance Corporation

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ - 0		$ - 0		$ - 0		-

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		22702		99344		76642		3376

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		- 0		- 0		- 0		-

Gift amp Endowment Income		- 0		- 0		- 0		-

Contractual amp Other Income		20791681		17005980		(3785701)		-182

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		- 0		- 0		- 0		-

Internal Income		16023124		16023124		- 0		00


Total Revenue		$ 36837508		$ 33128449		$ (3709059)		-101



Expenses

Salary Expense		$ - 0		$ - 0		$ - 0		-

Fringe Benefits		- 0		- 0		- 0		-

Internal Contractual Support		1451560		881886		(569674)		-392

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		- 0		- 0		- 0		-

TemporaryPer Diem Staff		128133		- 0		(128133)		-1000

Utilities		- 0		- 0		- 0		-

Outside amp Other Purchased Serv		1527498		1656452		128954		84

Insurance		- 0		- 0		- 0		-

Repair and Maintenance		114		- 0		(114)		-1000

Drugs		16448629		13456189		(2992440)		-182

Medical Supplies		52130		- 0		(52130)		-1000

Other Expenses		101580		14000		(87580)		-862

Grants Sub Contracts		- 0		- 0		- 0		-

Grants Close Out Exp Adj		- 0		- 0		- 0		-

Debt Service		9236576		8881072		(355504)		-38

Depreciation		7629837		7629014		(823)		-00


Total Expenses		$ 36576058		$ 32518614		$ (4057444)		-111


Excess(Deficiency)

of Revenues over Expenses		$ 261450		$ 609835		$ 348385		1333

calc check		- 0		- 0

Dental Clinics -

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 39600		$ 39600		$ - 0		00

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		66930		66930		- 0		00

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		10159125		10566539		407414		40

Gift amp Endowment Income		- 0		- 0		- 0		-

Contractual amp Other Income		276434		276434		- 0		00

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		- 0		- 0		- 0		-

Internal Income		107648		113305		5657		53


Total Revenue		$ 10649738		$ 11062809		$ 413071		39



Expenses

Salary Expense		$ 5092236		$ 5416641		$ 324405		64

Fringe Benefits		3814271		4056346		242075		63

Internal Contractual Support		1200473		1196881		(3592)		-03

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		- 0		- 0		- 0		-

TemporaryPer Diem Staff		- 0		- 0		- 0		-

Utilities		8664		8664		- 0		00

Outside amp Other Purchased Serv		649255		638435		(10820)		-17

Insurance		194472		194472		- 0		00

Repair and Maintenance		28157		28157		- 0		00

Drugs		10159		10209		50		05

Medical Supplies		3212139		3230916		18777		06

Other Expenses		110220		120806		10586		96

Grants Sub Contracts		- 0		- 0		- 0		-

Grants Close Out Exp Adj		- 0		- 0		- 0		-

Debt Service		- 0		- 0		- 0		-

Depreciation		174566		174566		- 0		00


Total Expenses		$ 14494612		$ 15076093		$ 581481		40


Excess(Deficiency)

of Revenues over Expenses		$ (3844874)		$ (4013285)		$ (168410)		44

calc check		- 0		(0)

INSTITUTIONAL SUPPORT -

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 63299		$ 63389		$ 90		01

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		5582794		5436789		(146005)		-26

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		- 0		- 0		- 0		-

Gift amp Endowment Income		2153		- 0		(2153)		-1000

Contractual amp Other Income		723867		723236		(631)		-01

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		48772		56266		7494		154

Internal Income		6646777		5377529		(1269248)		-191


Total Revenue		$ 13067662		$ 11657209		$ (1410453)		-108



Expenses

Salary Expense		$ 3499597		$ 2969879		$ (529718)		-151

Fringe Benefits		2452401		2224935		(227466)		-93

Internal Contractual Support		429160		281437		(147723)		-344

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		- 0		- 0		- 0		-

TemporaryPer Diem Staff		23815		23815		- 0		00

Utilities		420774		486568		65794		156

Outside amp Other Purchased Serv		5150890		1931952		(3218938)		-625

Insurance		(301123)		17548		318671		-1058

Repair and Maintenance		1593498		219163		(1374334)		-862

Drugs		13121		13121		- 0		00

Medical Supplies		502039		623338		121299		242

Other Expenses		1000658		178269		(822388)		-822

Grants Sub Contracts		- 0		- 0		- 0		-

Grants Close Out Exp Adj		6000		12000		6000		1000

Debt Service		9396		135030		125634		13372

Depreciation		1339721		1225175		(114546)		-85


Total Expenses		$ 16139945		$ 10342229		$ (5797716)		-359


Excess(Deficiency)

of Revenues over Expenses		$ (3072284)		$ 1314980		$ 4387263		-1428

calc check		(0)		(0)

RESEARCH FUNDS -

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ - 0		$ - 0		$ - 0		-

Federal Grant Revenue		62174018		62002029		(171988)		-03

Non Fed Research Grants amp Contracts		28234836		29798434		1563598		55

Auxiliary Services		3588990		3091542		(497448)		-139

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		- 0		- 0		- 0		-

Gift amp Endowment Income		5243454		3734354		(1509100)		-288

Contractual amp Other Income		936568		810200		(126368)		-135

FampA Recoveries		0		(0)		(0)		-1020

Investment Income		694992		349599		(345393)		-497

Internal Income		7310820		6746142		(564679)		-77


Total Revenue		$ 108183678		$ 106532300		$ (1651378)		-15



Expenses

Salary Expense		$ 66310587		$ 68340170		$ 2029583		31

Fringe Benefits		38936156		40873421		1937265		50

Internal Contractual Support		6238554		6333989		95436		15

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		23025		(0)		(23025)		-1000

TemporaryPer Diem Staff		5352		5352		- 0		00

Utilities		4683351		4832798		149447		32

Outside amp Other Purchased Serv		13931540		15299096		1367555		98

Insurance		29606		29205		(400)		-14

Repair and Maintenance		3940914		4621337		680423		173

Drugs		9311		428		(8883)		-954

Medical Supplies		5310819		5952935		642116		121

Other Expenses		3176167		4095509		919342		289

Grants Sub Contracts		17369869		14768986		(2600883)		-150

Grants Close Out Exp Adj		37496		235719		198223		5286

Debt Service		- 0		- 0		- 0		-

Depreciation		8372163		8388004		15841		02


Total Expenses		$ 168374912		$ 173776951		$ 5402039		32


Excess(Deficiency)

of Revenues over Expenses		$ (60191234)		$ (67244651)		$ (7053417)		117

calc check		- 0		- 0

SODM FUNDS -

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 9989924		$ 10069019		$ 79094		08

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		2350529		2463148		112619		48

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		- 0		- 0		- 0		-

Gift amp Endowment Income		26000		141000		115000		4423

Contractual amp Other Income		5000		1		(4999)		-1000

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		- 0		- 0		- 0		-

Internal Income		- 0		- 0		- 0		-


Total Revenue		$ 12371453		$ 12673167		$ 301714		24



Expenses

Salary Expense		$ 17317151		$ 18392016		$ 1074865		62

Fringe Benefits		11468861		12036493		567632		49

Internal Contractual Support		252424		251632		(792)		-03

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		- 0		- 0		- 0		-

TemporaryPer Diem Staff		- 0		- 0		- 0		-

Utilities		198576		247495		48919		246

Outside amp Other Purchased Serv		2271643		2497160		225517		99

Insurance		247228		98873		(148355)		-600

Repair and Maintenance		236460		252169		15708		66

Drugs		- 0		- 0		- 0		-

Medical Supplies		590939		588040		(2899)		-05

Other Expenses		2821851		2818081		(3770)		-01

Grants Sub Contracts		- 0		- 0		- 0		-

Grants Close Out Exp Adj		379		379		- 0		00

Debt Service		- 0		- 0		- 0		-

Depreciation		388144		393535		5391		14


Total Expenses		$ 35793656		$ 37575873		$ 1782217		50


Excess(Deficiency)

of Revenues over Expenses		$ (23422203)		$ (24902705)		$ (1480503)		63

calc check		- 0		- 0

SOM FUNDS -

Statement of Revenues and Expenses

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 18968422		$ 19485015		$ 516593		27

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		5296486		4575679		(720808)		-136

IntRes Distribution		70512354		77146581		6634228		94

Net Patient Care Revenue		- 0		- 0		- 0		-

Gift amp Endowment Income		2000		2000		- 0		00

Contractual amp Other Income		38000		38000		- 0		00

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		- 0		- 0		- 0		-

Internal Income		28393078		31134385		2741307		97


Total Revenue		$ 123210340		$ 132381660		$ 9171320		74



Expenses

Salary Expense		$ 66571521		$ 72448909		$ 5877388		88

Fringe Benefits		37163140		40781191		3618051		97

Internal Contractual Support		4735929		4818497		82567		17

MedicalDental House Staff		54763235		58625985		3862750		71

Medical Contractual Support		9689319		11297246		1607927		166

TemporaryPer Diem Staff		1000		4000		3000		3000

Utilities		708946		897074		188128		265

Outside amp Other Purchased Serv		11909591		14051639		2142049		180

Insurance		454000		590129		136129		300

Repair and Maintenance		873200		949558		76358		87

Drugs		126		80		(46)		-365

Medical Supplies		1055943		1050648		(5295)		-05

Other Expenses		7649768		7901802		252034		33

Grants Sub Contracts		512500		582768		70268		137

Grants Close Out Exp Adj		- 0		- 0		- 0		-

Debt Service		- 0		- 0		- 0		-

Depreciation		1309035		1329645		20611		16


Total Expenses		$ 197397253		$ 215329171		$ 17931918		91


Excess(Deficiency)

of Revenues over Expenses		$ (74186913)		$ (82947511)		$ (8760598)		118

calc check		- 0		- 0


	NOT USED ANY LONGER


Spending Plan



	Total Operating Revenue	$ 973147583

	State Support	275339147

	Restricted Capital Balances

	Use Allowance	4500000 DanvilleLisa DanvilleLisaPer Research					594345		Comprehensive Cancer Center

	State Bond Funds	923345					265000		Health Disparity

	Departmental Grant Funds	1000000					64000		Other Bond Funds

					- 0		State Bond funds EHR

	Total Available for Spending		$ 1254910075				$ 923345


	Total Operating Expenses (less depreciation)	$ 1274398826

	Current Approved Capital Projects	2500000

	Working Capital Needs	2000000					Debt Summary

	FY 2021 Capital Spending	10962758 DanvilleLisa DanvilleLisaPools for each business unit					FY2021

	State Bond Funds	858545 DanvilleLisa DanvilleLisaDanvilleLisaState Bond funds above less amount budgeted in HDI operating account $424785 (fund 201133)		DanvilleLisa DanvilleLisaPer Research						Principal		Interest

	Use Allowance	4500000					OP Debt		5535524		8435328

	Departmental Grant Funds	1000000					Marb Debt		1568443		445744

	Principal Payment on Debt	8831454					3T MRI		430757		7285

					Lab Sysmex		83385		1647

	Total Spending Plan		$ 1305051583				DaVinci Robot		350393		47074

					C Arms(6) OR		175805		36898

	Excess(Deficiency)		(50141508)				C Arms(1) Diag Rad		31243		8575

					Radiology equipment ESTIMATED		231544		67515

					Telephone - Avaya financial		418203		114966

					OBGYN E Htfd Equip		6157		1589

						8831454		9166620



UConn Medical Group

Statistical Graphs


















	ERRORREF		ERRORREF		ERRORREF		ERRORREF




Commercial		42		40		40		37

Medicaid		18		19		20		21

Medicare		34		35		36		36

Other		6		6		6		6

	100		100		102		100




Encounters (Excludes Anesthesiology)		618201		660043		651480		690474

		677		-130		599



John Dempsey Hospital

Statistical Graphs (Excludes NICU)


















	ERRORREF		ERRORREF		ERRORREF		ERRORREF

Surgical Cases		41016		40957		42008		- 0

Main		6140		6266		6374		6500

FSC		4339		5069		5354		5441


Emergency Department Visits		99584		110313		109747		109747

		1077		-051		000

Payor Mix by Discharge

Commercial		26		25		25		0

Medicaid		23		24		24		0

Medicare		44		44		44		0

Other		7		7		7		0

	100		100		100		0




Days in Accounts Receivable		380		410		420		410

		789		244		-238


UConn Medical Group

Statement of Revenues and Expenses

Fiscal Year 2020 Actuals vs Fiscal Year 2021 Proposed Budget

	Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Budget Proposed		Variance		Percent Variance

Revenues

Tuition amp Fees		$ (570)		$ - 0		$ 570		-1000

Federal Grant Revenue		- 0		- 0		- 0		-

Non Fed Research Grants amp Contracts		- 0		- 0		- 0		-

Auxiliary Services		196034		184219		(11815)		-60

IntRes Distribution		- 0		- 0		- 0		-

Net Patient Care Revenue		$ 120076516		$ 123157341		$ 3080825		26

Correctional Managed Health Care		- 0		- 0		- 0		-

Gift amp Endowment Income		- 0		- 0		- 0		-

Contractual amp Other Income		5430267		5243396		(186871)		-34

FampA Recoveries		- 0		- 0		- 0		-

Investment Income		- 0		- 0		- 0		-

Internal Income		4755961		6710756		1954795		411

Other Income		10381692		12138371		1756679		169


Total Revenue		$ 130458208		$ 135295712		$ 4837504		37



Expenses

Salary Expense		$ 111270101		$ 124578113		$ 13308012		120

Fringe Benefits		64701730		74034251		9332521		144

Internal Contractual Support		8216194		8218829		2635		00

MedicalDental House Staff		- 0		- 0		- 0		-

Medical Contractual Support		8588866		8448352		(140514)		-16

TemporaryPer Diem Staff		582812		246392		(336420)		-577

Utilities		1893644		2092793		199149		105

Outside amp Other Purchased Serv		16877143		18664188		1787045		106

Insurance		445352		330769		(114583)		-257

Repair and Maintenance		2500027		2754161		254134		102

Drugs		7604044		7930704		326660		43

Medical Supplies		2240724		2284640		43916		20

Other Expenses		1422628		1528414		105786		74

Grants Sub Contracts		- 0		- 0		- 0		-

Grants Close Out Exp Adj		- 0		- 0		- 0		-

Debt Service		1720		1589		(131)		-76

Depreciation		2160874		2182282		21408		10


Total Expenses		$ 228505859		$ 253295477		$ 24789618		108


Excess(Deficiency)

of Revenues over Expenses		$ (98047651)		$ (117999765)		$ (19952114)		-203

rev check		0		0

calc check		(0)		(0)


Revenue ($M)

State Block Grant		1329

Fringe Benefits amp Adjustments		1424

Total State Support		$ 2753

Tuition		297

Grants amp Contracts		894

InternsResidents		777

Net Patient Revenue		5314

Other Revenue		1723


Total Revenues		$ 11759

	- 0


	Revenues		Tuition amp Fees		Research Grants		Interns amp Residents		Patient Care		Other Income		State Block Grant		Fringe Benefits amp Adjustments		Total		check

Proposed Budget		2021		297		894		777		5314		1723		1329		1424		11759		11759		- 0

	Percent		252		760		661		4519		1465		1131		1211		10000		9999		(0000)

UConn Health

			BOT slide with Storrs

			Depreciation eliminated and Capital and debt added

	FY21 Budget			spending plan

Revenues ($M)		(Pre-COVID)

State Block Grant		1359

State Fringe Benefits amp Adjustments		746

TuitionFees		297

Net Patient Revenue		6016

Other Revenue (incl ResearchInterns amp Residents)		3418

Total Revenues		$ 11836


Expenditures ($M)

Salaries amp Wages		4753

Fringe Benefits		1886

Drugs amp Medical Supplies		1461

Other Expenses (incl UtilitesEquipDebtResearch)		3731

Total Expenditures		$ 11831


Operating Gain(Loss)		$ 05


Expense for SERS Unfunded Pension and Retiree Health		1257

Less amount funded by the State		692

Net SERS Unfunded Pension and Retiree Health Costs		$ 564


Excess(Deficiency)		$ (559)

LapsesMid-yr attrition		- 0

Projected Net GainLoss		$ (00)


Consolidated Statement of Revenues and Expenses (without Eliminations)

Fiscal Year 2020 Actuals vs Fiscal Year 2021 Proposed Budget

With COVID		Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Proposed Budget		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 29211331		$ 29657023		$ 445692		15

Research Grants and Contracts		83785806		89403775		5617969		67

Auxiliary Enterprises		20600073		19624517		(975556)		-47

Interns and Residents		71530837		77735751		6204914		87

Net Patient Care		501935048		531423014		29487966		59

Gift amp Endowment Income		5097842		4277354		(820488)		-161

Investment Income		691198		405866		(285332)		-413

Other Income		150736087		148005359		(2730728)		-18


Total Revenue		$ 863588222		$ 900532659		$ 36944437		43



Expenses

Salary Expense		$ 441616083		$ 475319964		$ 33703881		76

Fringe Benefits		275971026		309912497		33941471		123

MedicalDental House Staff		58004910		61790011		3785101		65

Medical Contractual Support		18997352		20062922		1065570		56

TemporaryPer Diem Staff		3908084		1593900		(2314184)		-592

Utilities		13418319		14952313		1533994		114

Outside amp Other Purchased Services		99438243		106451477		7013234		71

Insurance		6671270		4056537		(2614733)		-392

Repair and Maintenance		17646426		18955360		1308934		74

Drugs		69648124		69104996		(543128)		-08

Medical Supplies		59268667		64319905		5051238		85

Other Expenses		106898016		105166760		(1731256)		-16

Debt Service		9349033		9166620		(182413)		-20

Depreciation		29602927		29955538		352611		12


Total Expenses		$ 1210438480		$ 1290808800		$ 80370320		66


Excess(Deficiency)

of Revenues over Expenses		$ (346850258)		$ (390276141)		$ (43425883)		125


State Appropriation-Block Grant		127980805		132932522		4951717		39

State Supported Fringe Benefits		133828110		143871146		10043036		75

GF Appropriation Rescission		- 0		- 0		- 0		-

State Support - FB Unfunded Liability		33200000		- 0		(33200000)		-1000

Workers Compensation Net of Appropriation		(1330514)		(1464521)		(134007)		101

Transfer to State of CT		- 0		- 0		- 0		-


Excess(Deficiency)		$ (53171857)		$ (114936994)		$ (61765137)		-1162

Total State Support		293678401		275339147		(18339254)		-62

Percent of Total Revenues		2538		2342


calc check		2		1


	Fiscal Year		Fiscal Year					Fiscal Year	Fiscal Year

	2020		2021					2020	2021

Revenues		Actuals		Proposed Budget		Variance		Percent Variance		Actuals	Proposed Budget	Variance	Variance

Tuition and Fees		$ 29211331		$ 29657023		$ 445692		15		$ 292	$ 297	$ 04	15

Grants amp Contracts		83785806		89403775		5617969		63		838	894	56	63

InternsResidents		71530837		77735751		6204914		80		715	777	62	80

Net Patient Revenue		501935048		531423014		29487966		55		5019	5314	295	55

Other Revenue		177125200		172313096		(4812104)		-28		1771	1723	(48)	-28

Total Revenue		$ 863588222		$ 900532659		$ 36944437		41		$ 8636	$ 9005	$ 369	41


Expenses

Personal Services		$ 441616083		$ 475319964		$ 33703881		71		$ 4416	$ 4753	$ 337	71

Fringe Benefits		275971026		309912497		33941471		110		2760	3099	339	110

DrugsMedical Supplies		128916791		133424901		4508110		34		1289	1334	45	34

Resident and Fellow house staff		58004910		61790011		3785101		61		580	618	38	61

Utilities		13418319		14952313		1533994		103		134	150	15	103

Interest Expense on Debt Service		9349033		9166620		(182413)		-20		93	92	(02)	-20

Other Expenses		253559391		256286956		2727565		11		2536	2563	27	11

Depreciation		29602927		29955538		352611		12		296	300	04	12

Total Expenses		$ 1210438480		$ 1290808800		$ 80370320		62		$ 12104	$ 12908	$ 804	62


Excess(Deficiency)

of Revenues over Expenses		$ (346850258)		$ (390276141)		$ (43425883)		111		$ (3469)	$ (3903)	$ (434)	111


Block Grant		127980805		132932522		4951717		37		$ 1280	$ 1329	$ 50	37

Fringe Reimbursement		132497596		142406625		9909029		70		1325	1424	99	70

Additional Support-State Unfunded legacy costs		33200000		- 0		(33200000)		-1000		332	- 0	(332)	-1000

Total State Support		$ 293678401		$ 275339147		$ (18339254)		-67		$ 2937	$ 2753	$ (183)	-67


Excess(Deficiency)		$ (53171857)		$ (114936994)		$ (61765137)		-537		$ (532)	$ (1149)	$ (618)	-537


Consolidated Statement of Revenues and Expenses (without Eliminations)

Fiscal Year 2020 Actuals vs Fiscal Year 2021 Proposed Budget

Without COVID		Fiscal Year		Fiscal Year

	2020		2021

	Actuals		Proposed Budget		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 29060676		$ 29657023		$ 596347		21

Research Grants and Contracts		90408854		91800464		1391610		15

Auxiliary Enterprises		20909091		19624517		(1284574)		-61

Interns and Residents		71101524		77735751		6634227		93

Net Patient Care		582256946		601641249		19384303		33

Gift amp Endowment Income		5945002		4277354		(1667648)		-281

Investment Income		- 0		- 0		- 0		-

Other Income		148347296		148411225		63929		00


Total Revenue		$ 948029389		$ 973147583		$ 25118194		26



Expenses

Salary Expense		$ 441715240		$ 475319964		$ 33604724		76

Fringe Benefits		280926056		309912497		28986441		103

MedicalDental House Staff		57927261		61790011		3862750		67

Medical Contractual Support		18618534		20062922		1444388		78

TemporaryPer Diem Staff		4033047		1593900		(2439147)		-605

Utilities		13827598		14952313		1124715		81

Outside amp Other Purchased Services		103619798		108317896		4698098		45

Insurance		5837233		4056537		(1780696)		-305

Repair and Maintenance		18374086		18955360		581274		32

Drugs		78813874		78409267		(404607)		-05

Medical Supplies		64445642		67664166		3218524		50

Other Expenses		103931692		104197373		265681		03

Debt Service		9362547		9166620		(195927)		-21

Depreciation		29956361		29955538		(823)		-00


Total Expenses		$ 1231388969		$ 1304354364		$ 72965395		59


Excess(Deficiency)

of Revenues over Expenses		$ (283359580)		$ (331206781)		$ (47847201)		169


State Appropriation-Block Grant		124934428		132932522		7998094		64

State Supported Fringe Benefits		133503022		143871146		10368124		78

GF Appropriation Rescission		- 0		- 0		- 0		-

State Support - FB Unfunded Liability		33200000		- 0		(33200000)		-1000

Workers Compensation Net of Appropriation		(1330516)		(1464521)		(134005)		101

Transfer to State of CT		- 0		- 0		- 0		-


Excess(Deficiency)		$ 6947354		$ (55867634)		$ (62814988)		9042

Total State Support		290306934		275339147		(14967787)		-52

Percent of Total Revenues		2344		2205


calc check		1		0

Without COVID

	Fiscal Year		Fiscal Year					Fiscal Year	Fiscal Year

	2020		2021					2020	2021

Revenues		Actuals		Proposed Budget		Variance		Percent Variance		Actuals	Proposed Budget	Variance	Variance

Tuition and Fees		$ 29060676		$ 29657023		$ 596347		20		$ 291	$ 297	$ 06	20

Grants amp Contracts		90408854		91800464		1391610		15		904	918	14	15

InternsResidents		71101524		77735751		6634227		85		711	777	66	85

Net Patient Revenue		582256946		601641249		19384303		32		5823	6016	194	32

Other Revenue		175201389		172313096		(2888293)		-17		1752	1723	(29)	-17

Total Revenue		$ 948029389		$ 973147583		$ 25118194		26		$ 9480	$ 9731	$ 251	26


Expenses

Personal Services		$ 441715240		$ 475319964		$ 33604724		71		$ 4417	$ 4753	$ 336	71

Fringe Benefits		280926056		309912497		28986441		94		2809	3099	290	94

DrugsMedical Supplies		143259516		146073433		2813917		19		1433	1461	28	19

Resident and Fellow house staff		57927261		61790011		3862750		63		579	618	39	63

Utilities		13827598		14952313		1124715		75		138	150	11	75

Interest Expense on Debt Service		9362547		9166620		(195927)		-21		94	92	(02)	-21

Other Expenses		254414390		257183988		2769598		11		2544	2572	28	11

Depreciation		29956361		29955538		(823)		-00		300	300	(00)	-00

Total Expenses		$ 1231388969		$ 1304354364		$ 72965395		56		$ 12314	$ 13044	$ 730	56


Excess(Deficiency)

of Revenues over Expenses		$ (283359580)		$ (331206781)		$ (47847201)		144		$ (2834)	$ (3312)	$ (478)	144


Block Grant		124934428		132932522		7998094		60		$ 1249	$ 1329	$ 80	60

Fringe Reimbursement		132172506		142406625		10234119		72		1322	1424	102	72

Additional Support-State Unfunded legacy costs		33200000		- 0		(33200000)		-1000		332	- 0	(332)	-1000

Total State Support		$ 290306934		$ 275339147		$ (14967787)		-54		$ 2903	$ 2753	$ (150)	-54


Excess(Deficiency)		$ 6947354		$ (55867634)		$ (62814988)		-1124		$ 69	$ (559)	$ (628)	-1124


Consolidated Statement of Revenues and Expenses (without Eliminations)

FY2020 Actuals vs FY2020 Budget

With COVID

	Fiscal Year		Fiscal Year

	2020		2020

	Actuals		Approved Budget		Variance		Percent Variance

Revenues

Tuition amp Fees		$ 29211331		$ 28615507		$ 595824		21

Research Grants and Contracts		83785806		91117365		(7331559)		-80

Auxiliary Enterprises		20600073		20132574		467499		23

Interns and Residents		71530837		72544484		(1013647)		-14

Net Patient Care		501935048		576419793		(74484745)		-129

Gift amp Endowment Income		5097842		5693922		(596080)		-105

Investment Income		691198		- 0		691198		1000

Other Income		150736087		128795911		21940176		170			includes internal inc


Total Revenue		$ 863588222		$ 923319556		$ (59731334)		-65



Expenses

Salary Expense		$ 441616083		$ 441407099		$ 208984		00

Fringe Benefits		275971026		281702013		(5730987)		-20

MedicalDental House Staff		58004910		58373774		(368864)		-06

Medical Contractual Support		18997352		19141208		(143856)		-08

TemporaryPer Diem Staff		3908084		4525278		(617194)		-136

Utilities		13418319		13843412		(425093)		-31

Outside amp Other Purchased Services		99438243		102797614		(3359371)		-33

Insurance		6671270		3962746		2708524		683

Repair and Maintenance		17646426		18971362		(1324936)		-70

Drugs		69648124		70178011		(529887)		-08

Medical Supplies		59268667		62181753		(2913086)		-47

Other Expenses		106898016		103935044		2962972		29			includes internal exp

Debt Service		9349033		9310831		38202		04

Depreciation		29602927		29273299		329628		11


Total Expenses		$ 1210438480		$ 1219603444		$ (9164964)		-08


Excess(Deficiency)

of Revenues over Expenses		$ (346850258)		$ (296283888)		$ (50566370)		171


State Appropriation-Block Grant		127980805		124934428		3046377		24

State Supported Fringe Benefits		133828110		128871146		4956964		38

GF Appropriation Rescission		- 0		- 0		- 0		-

State Support - FB Unfunded Liability		33200000		33200000		- 0		00

Workers Compensation Net of Appropriation		(1330514)		(1330515)		1		-00

Transfer to State of CT		- 0		- 0		- 0		-


Excess(Deficiency)		$ (53171857)		$ (10608829)		$ (42563028)		-4012

Total State Support		293678401		285675059		8003342		28

Percent of Total Revenues		2538		2363


calc check		2		1


	Fiscal Year		Fiscal Year					Fiscal Year	Fiscal Year

	2020		2020					2020	2020

Revenues		Actuals		Approved Budget		Variance		Percent Variance		Actuals		Approved Budget	Variance	Variance

Tuition and Fees		$ 29211331		$ 28615507		$ 595824		21		$ 292		$ 286	$ 06	21

Grants amp Contracts		83785806		91117365		(7331559)		-80		838		911	(73)	-80

InternsResidents		71530837		72544484		(1013647)		-14		715		725	(10)	-14

Net Patient Revenue		501935048		576419793		(74484745)		-129		5019		5764	(745)	-129

Other Revenue		177125200		154622407		22502793		146		1771		1546	225	146

Total Revenue		$ 863588222		$ 923319556		$ (59731334)		-65		$ 8636		$ 9233	$ (597)	-65


Expenses

Personal Services		$ 441616083		$ 441407099		$ 208984		00		$ 4416		$ 4414	$ 02	00

Fringe Benefits		275971026		281702013		(5730987)		-20		2760		2817	(57)	-20

DrugsMedical Supplies		128916791		132359764		(3442973)		-26		1289		1324	(34)	-26

Resident and Fellow house staff		58004910		58373774		(368864)		-06		580		584	(04)	-06

Utilities		13418319		13843412		(425093)		-31		134		138	(04)	-31

Interest Expense on Debt Service		9349033		9310831		38202		04		93		93	00	04

Other Expenses		253559391		253333252		226139		01		2536		2533	02	01

Depreciation		29602927		29273299		329628		11		296		293	03	11

Total Expenses		$ 1210438480		$ 1219603444		$ (9164964)		-08		$ 12104		$ 12196	$ (92)	-08


Excess(Deficiency)

of Revenues over Expenses		$ (346850258)		$ (296283888)		$ (50566370)		171		$ (3469)		$ (2963)	$ (506)	171


Block Grant		127980805		124934428		3046377		24		$ 1280		$ 1249	$ 30	24

Fringe Reimbursement		132497596		127540631		4956965		39		1325		1275	50	39

Additional Support-State Unfunded legacy costs		33200000		33200000		- 0		00		332		332	- 0	00

Total State Support		$ 293678401		$ 285675059		$ 8003342		28		$ 2937		$ 2857	$ 80	28


Excess(Deficiency)		$ (53171857)		$ (10608829)		$ (42563028)		-4012		$ (532)		$ (106)	$ (426)	-4012


Expenses by Source



		FY2021 Proposed Budget						FY2020 Actuals		FY2020 Actuals


	Expenses		Personal Services		Fringe Benefits		MedDent House		Drug amp Med Sup		OampOPS		Other Expenses		Total		check

Actuals		2020		441715240		280926056		57927261		143259516		103619798		203941098		1231388969		1231388969		- 0

	Percent		3587		2281		470		1163		841		1656		10000		9998		(0)


	Expenses		Personal Services		Fringe Benefits		MedDent House		Drug amp Med Sup		OampOPS		Other Expenses		Total		check

Proposed Budget		2021		475319964		309912497		61790011		146073433		108317896		202940563		1304354364		1304354364		- 0

	Percent		3644		2376		474		1120		830		1556		10000		10000		- 0

agenda financial affairs committee

Documents

Revenue Pie Chart CY Actuals

Expenses Pie Chart CY Actual

CY Bud vs CY Act wo COVID

Expenses Pie Chart NEW Budget

CY Bud vs CY Act with COVID

New Bud vs CY Act wo COVID

New Bud vs CY Act with COVID

NEWBudvsCYAct-wo COVID

NEWBudvsCYAct-with COVID

Newbud Pre COVID - Storrs Forma

Rev Pie Chart NEWbudget w COVID

JDH-wo COVID

UMG-wo COVID

JDH Stats 1

JDH Stats 2

UMG Stats 1

UMG Stats 2

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp

Exp Pie Chart NEWbudget w COVID

Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast

Unfunded legacy cost calcs

elimination summary

image1png

Revenue Pie Chart CY Actuals

Expenses Pie Chart CY Actual

CY Bud vs CY Act wo COVID

Expenses Pie Chart NEW Budget

CY Bud vs CY Act with COVID

New Bud vs CY Act wo COVID

New Bud vs CY Act with COVID

NEWBudvsCYAct-wo COVID

NEWBudvsCYAct-with COVID

Newbud Pre COVID - Storrs Forma

Rev Pie Chart NEWbudget w COVID

JDH-wo COVID

UMG-wo COVID

JDH Stats 1

JDH Stats 2

UMG Stats 1

UMG Stats 2

Spending

SOM

SODM

Research

INST Spprt

Dental Clinics

Finance Corp

Exp Pie Chart NEWbudget w COVID

Actual Current year

Budget NEW

Budget Current Year

COVID FY20 Forecast

Unfunded legacy cost calcs

elimination summary

image1png

Revenue Pie Chart CY Actuals

Expenses Pie Chart CY Actual

CY Bud vs CY Act wo COVID

Expenses Pie Chart NEW Budget

CY Bud vs CY Act with COVID

New Bud vs CY Act wo COVID

New Bud vs CY Act with COVID

NEWBudvsCYAct-wo COVID

NEWBudvsCYAct-with COVID

Newbud Pre COVID - Storrs Forma

Rev Pie Chart NEWbudget w COVID

JDH-wo COVID

UMG-wo COVID

JDH Stats 1


Expenses by Source



		FY2020 Budget						FY2020 Actuals


	Expenses		Personal Services		Fringe Benefits		MedDent House		Drug amp Med Sup		OampOPS		Other Expenses		Total		check

Actuals		2020		441715240		280926056		57927261		143259516		103619798		203941098		1231388969		1231388969		- 0

	Percent		3587		2281		470		1163		841		1656		10000		10000		- 0


	Expenses		Personal Services		Fringe Benefits		MedDent House		Drug amp Med Sup		OampOPS		Other Expenses		Total		check

Budget		2020		441407099		281702013		58373774		132359764		102797614		202963180		1219603444		1219603444		- 0

	Percent		3619		2310		479		1085		843		1664		10000		10000		- 0



Revenues by Source



			FY2020 Budget						FY2020 Actuals


	Revenues		Tuition amp Fees		Research Grants		Interns amp Residents		Patient Care		Other Income		State Support		Total		check

Actuals		2020		29060676		90408854		71101524		582256946		175201389		290306934		1238336323		1238336323		- 0

	Percent		235		730		574		4702		1415		2344		10000		10000		- 0


	Revenues		Tuition amp Fees		Research Grants		Interns amp Residents		Patient Care		Other Income		State Support		Total		check

Budget		2020		28615507		91117365		72544484		576419793		154622407		285675059		1208994615		1208994615		- 0

	Percent		237		754		600		4768		1279		2363		10000		10001		0000