FY2012 Recap

Annual Financial ReportDivision of Business Affairs

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1. Financial Position2. Revenues and Expenditures3. Specific Financial Activities

a. HEAF (Higher Education Assistance Funds)b. Student Service Feesc. University Business Servicesd. Endowments

4. Major Projects Completed/Current

Contents

Financial Position

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Net Assets

UTPA’s Annual Financial Condition Rating: Satisfactory

CFI UTPA Trend

Overall CFI score ranges from -4 to 10. Core ratios (and weights): Primary Reserve (35%), Expendable Resources to Debt (35%), Return on Net Assets (20%), and Annual Operating Margin (10%).

Composite Financial Index (CFI) measures the overall financial health of an institution by combining four core ratios into a single score. The threshold for good financial health is3.0.

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Note: For FY12, UTPA’s adjusted CFI is 4.0 after excluding the Expendable Capital Projects of $35.6M for the Fine Arts Complex. This reporting standard will be in effect consistently in FY2013 for all UT Institutions.

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Scale for Charting CFI – FY12 UTPA 4.7 (adjusted 4.0)

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Financial Position – CFI

FY2011

FY2012

UT System Academics

UTPA adjusted CFI 4.0

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Annual Operating Margin Ratio

Is the institution living within its available

resources.

FY12 UT System Academics

UTPA Trend

Operating Expense Coverage Ratio

Number of months an institution can cover

future operating expenses

FY12 UT System Academics

UTPA Trend

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Debt Capacity - UTPA

Must meet 2 out of 3 benchmarks

Only Austin 4.2% and Brownsville 4.8% meet the maximum threshold

Outstanding Debt at 8/31/12- UTPA

*Properties funded by TRB debt include the Fine Arts Complex (in progress), Engineering Building, Education Complex, Thermal Energy Plant Expansion, General Classroom Project, New Computer Center, Academic Annex, Campus Entrance/Visitor's Center, Admin Offices Renovation, and the Starr County Upper Level Center.

Property Payment Source Balance Fully Paid in…Tuition Revenue Bond (TRB) Projects* E&G (State Appropriation) 54,500,000 FY 2022Wellness-Rec Sports Center Aux (Recreation Fee) 22,875,000 FY 2038Student Housing - Unity Hall Aux (Housing Rev) 9,350,000 FY 2027Existing Science Renovation E&G (HEAF) 3,550,000 FY 2019Student Housing - Bronc Village Aux (Housing Rev) 2,855,000 FY 2022Student Union Aux (Student Union Fee) 2,790,000 FY 2020Land E&G (HEAF) 2,675,000 FY 2036Student Health Clinic Des (Med Svcs Fee) 1,400,000 FY 2038Academic Service Bldg E&G (HEAF) 820,000 FY 2016Equipment Financing E&G (HEAF) 694,000 FY 2015 Total $101,509,000

FY 2012 Debt ServicePrincipal $7,487,052

Interest 4,405,599

Total $11,892,651

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Administrative Cost Ratio

Ratio of institutional support expenses to total expenses (excluding auxiliaries and service departments)

UTPA Trend

FY2012 UT System Academics

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Revenues

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Revenues (comparison w/prior years)

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Revenues – Comparison with Prior Years

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Revenues – Comparison with Prior Years

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General Revenue

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Sponsored Programs

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Restricted Expenditures(Excluding Financial Aid)

Research Non Research Total

Expenditures Expenditures Expenditures

1 College of Health Sciences & Human Services $ $ 2,855,746 $ 2,855,746

2 College of Engineering & Computer Science 3,257,060 395,007 3,652,067

3 College of Science & Mathematics 2,328,002 624,067 2,952,069

4 College of Social & Behavioral Sciences 441,548 30,171 471,719

5 College of Education 775,119 197,930 973,049

6 College of Arts & Humanities 72,887 202,323 275,210

7 College of Business Administration 13,761 405,191 418,952

8 Division of Academic Affairs 61,336 510,495 571,831

9 Division of Student Affairs 4,966 5,627,516 5,632,482

10 Division of Business Affairs 2,238,417 2,238,417

Total $ 6,954,679 $ 13,086,863 $ 20,041,542

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Expenditures

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Total Expenses (comparison with prior years)

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Total Expenses (comparison w/prior years)

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FY2012 Personnel Costsby College/Division

Support Staff/Other category includes Work-Study, Direct Wage, Special Assignment/Part-Time Staff, Overtime Pay, Accrued Vacation, Longevity.

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FY2012 Scholarships by College/Division

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Specific Financial Activities

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HEAF (Higher Education Assistance Funds)

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HEAF

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Student Service Fees

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Student Service Fees Collected

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Student Service Fee AllocationSSF Revenue Sources* SSF Revenue Distribution

Net Increase/Decrease in Fair Market Value of

Investments$2,8460.04%

Net Student Service Fees$6,694,363

99.0%

Interest Income$61,840

0.9%

SSF Reserve -Athletics$105,505

1.6%

SSF Reserve -Other Student

Activities$825,289

12.2%

Other Student Activities

$2,914,73343.2%

Athletics$2,907,830

43.1%

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University Business Services

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University Business ServicesRevenue by Source

$685,695 $699,245

$662,504

$284,860$311,130

$297,460$242,890

$228,288$168,960*

FY 10FY 11

FY 12

*Food Services revenue does not include $2.25 million paid to the University by Sodexo for improvement/expansion of food service venues.

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University Business ServicesExpenditures & Transfers

Maintenance and Utilities$202,444

5.4%

Operational Support

$315,0798.3%

Funding for University Projects and Initiatives

$3,257,24586.3%

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University Business ServicesOfficial Ring Program

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Endowments

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Endowments – UTPAFiscal Years 2003-2012

'03 '04 '05 '06 '07 '08 '09 '10 '11 '120.00

5,000,000.00

10,000,000.00

15,000,000.00

20,000,000.00

25,000,000.00

30,000,000.00

35,000,000.00

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Endowment Comparison w/UT System Academics, 8/31/12

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Major ProjectsCompleted/Current

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◦ Haggar Renovations (Community Engagement & Student Success Building)- Total project cost (as of 8/31/12): $3,636,587

◦ Annex Renovations (Visual Arts Building)- Total project cost (as of 8/31/12): $3,335,905

Major Projects Completed

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Major Projects Completed

◦ Food Services Expansion (Phase I) Sandella’s Jazzman’s

- Total projected cost: $1,178,630Expenses as of (8/31/2012):

$808,239.70

◦ Parking Lot ImprovementsExpansion of Lots T-1 & T-2 (500new spaces north of Education Building)

- Total project cost (as of 8/31/12): $770,055

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Major Projects Completed

Software Implementation

◦ SciQuest Implementation (iShop Procurement System) - Total project cost (as of 8/31/12): $562,403

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Major Projects Current Projects Underway for FY2013 and beyond

◦ Construction

• Fine Arts Academic and Performance ComplexProjected total cost: $42,696,000- Expenses (as of 8/31/12): $4,696,947

• Academic & Administration Building AdditionProjected total cost: $11,900,000- Expenses (as of 8/31/12): $62,538

University Financial Services Building (previously Land & Title Company building) Projected total cost: $1,800,000

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Major Projects Current Projects Underway for FY2013 and beyond

◦ Construction Food Services Expansion Phase II

Total projected cost: $2,531,378Total project cost ( as of 8/31/12): $1,245,481

Project A - Taco Poncho’s Remodel Total projected cost: $528,689

Project B – Student Union Food Court-Slice of Life-Chick-fil-A-Mein Bowl

Total project cost: $1,130,298

Project C – Game room Conversion to Retail-C Store-Sub-Connection-Starbucks

Total projected cost: $872,391

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Major Projects Current Projects Underway for FY2013 and beyond

◦ Safe Room (Shelter Dome)- Projected total cost: $4,950,000

◦ Physician’s Assistance Program relocation to current Bookstore- Projected total cost: $2,900,000

◦ Bookstore relocation to Learning Resource Center (Library) - Pending estimate for projected total cost

◦ Heating, Ventilation and Air Conditioning Projects Health & Physical Education Bldg & Field house - Projected total cost: $925,000 Physical Science Building - Projected total cost: $550,000 University Cafeteria - Projected total cost: $250,000

◦ Additional Parking Lots Improvements Projects LAMAR - Projected total cost: $910,000 International Trade and Technology (ITT) - Projected total cost: $212,505

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Major Projects Current Projects Underway for FY2013 and beyond

◦ Software Implementation

• Budget & Planning Software (Hyperion)Projected total cost: $852,337- Expenses (as of 8/31/12): $702,919

• Oracle R12Projected total cost: $ 1,583,197- Expenses (as of 8/31/12): $ 63,530

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Q & A and For More Info…

Contact:

ComptrollersOffice@utpa.edu

On the Web: http://portal.utpa.edu/utpa_main/dba_home/comptroller_home