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FINANCIAL UPDATE2012 AND 2013 BUDGET
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Aspirations• Bankable Bal. Sht.• Healthy Reserves• Competitive Comp.• Affordable Tuition• 3X Funded Research
Challenges• State Support• Expense Increases• Tuition Ceiling• Competitive Comp.• NIH, NSF Funding• Facilities – Labs• Philanthropy - AlumniApproach
• UG Enrollment• Reputation - Mktg• Facilities/Progs.• Selective Hiring• Capital Campaign• Expense Management
Budget Discussion Background
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Net Revenues and ExpensesAll Funds
(in millions)
FY10 FY11 FY12 FY 13B$270
$280
$290
$300
$310
$320
$330
$340
309.6 309.4
319.2
318.6
292.1
306.1
314.1
328.3
Net Revenues*Expenses**
*Net Revenues = Gross revenues less scholarships** Expenses = Total expenditures including transfers
1
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RevenuesAll Funds
(in millions)
FY10 FY11 FY12 FY13B$0
$20$40$60$80
$100$120$140$160$180$200
153.3163.2
171.5178.6
117.5129.8
137.3 141.5
95.4
79.5 75.4 75.8
96.7 100106.4 101.2
Gross tuitionNet tuitionState AppropriationsOther revenues
2
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State Appropriation, Total Expenses and CompensationAll Funds
(in millions)
*Compensation = Salaries, Wages and Benefits**Expenses = Total expenditures including transfers
FY10 FY11 FY12 FY13B$0
$50
$100
$150
$200
$250
$300
$350
95.479.5 75.4 75.8
202.9 210 218.9 224.3
292.1306.1 314.1
328.3
State AllocationCompensation*Total Expenses**
3
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Net Revenues and ExpensesOperating Fund
(in millions)
FY10 FY11 FY12 FY13B$200
$210
$220
$230
$240
$250
$260
238.1
233.1236
242.3
220
231.8235.4
256.1
Net RevenuesExpenses
*Net Revenues = Gross revenues less scholarships**Expenses = Total expenditures including transfers
4
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FY12 Budget FY12 Variances
Net Revenues $231.8 $236.0 $4.2Tuition ($0.6)Scholarships $3.6Miscellaneous & sales $1.2
Expenditures & Transfers 242.0 235.6 $6.4
Salaries ($0.7)Benefits $0.4Operating expenses ($4.4)Capital $9.4Internal transfers $1.7
Operatingincome (loss)
($10.2) $0.4 $10.6
FY12 Budget vs. FY12 ActualOperating Fund
(in millions)
5
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FY12 Proforma FY12 Variances
Net Revenues $229.2 $236.0 $6.8
Tuition $0.3Scholarships $2.0State funding $3.8Sales & Service ($.5)Miscellaneous $1.2
Expenditures & Transfers 239.6 235.6 4.0
Salaries ($7.1)Benefits $2.4Other operating $1.9Capital $5.1Transfers $.8Internal Sales $.9
Operating income(loss)
($10.4) $0.4 $10.8
FY12 Proforma vs. FY12 Actual Operating Fund Only
(in millions)
6
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FY13 Budget vs. FY12 ActualOperating Fund Only
(in millions)
FY13 Budget FY12 Variances
Revenues $242.3 $236.0 $6.3Tuition $8.7Scholarships ($3.6)State funding $.4Sales & Service $.3Miscellaneous & other $.5
Expenditures & Transfers 256.1 235.6 (20.5)
Salaries ($1.5)Benefits ($3.5)Operating cost ($.9)Capital ($11.9)Transfers ($2.7)
Operatingincome (loss)
($13.8) $0.4 ($14.2)
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FY13 Budget vs. FY13 ProformaOperating Fund Only
(in millions)
FY13Budget
FY 13 Proforma Variances
Revenues $240.9 $235.0 $5.9Tuition $.8Scholarships ($.5)State funding $4.2Sales & Services ($.6)Miscellaneous $2.0
Expenditures & Transfers 254.7 235.8 (18.9)
Salaries ($5.9)Benefits $1.6Operating expenses ($6.8)Capital ($6.6)Internal Sales $.6Transfers ($2.0)
Operatingincome (loss)
($13.8) ($.8) ($13.0)
8
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Student Credit Hours
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000 134,460
28,025 38,343
21,720 25,929 23,795 14,763 15,275 8,799
Student Credit Hours FY13B
A&S Education BlochSCE SBS NursingConservatory Law Other Professional Schools
(1,000)
(500)
-
500
1,000
1,500
2,000
2,500
33
1,077
1,835
1,060 1,477
2,178
(641)
133
(59)
Average Annual Growth in SCH (FY10 vs. FY13B)
A&S Education BlochSCE SBS NursingConservatory Law Other Professional Schools
(Total 311,109 hours)
(Total 7,069 hours)
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Mix of Student Credit Hours Percentage by unit
46.4%
8.6%
11.3%
6.4%
7.4%
6.0%
5.8%
5.1%3.2%
FY10
A&S Education Bloch SCE SBS
Nursing Conservatory Law Other Professional Schools
43.2%
9.0%
12.3%
7.0%
8.3%
7.6%
4.7%
4.9%2.9%
FY13B
A&S Education Bloch
SCE SBS Nursing
Conservatory Law Other Professional Schools
Includes credit hours from calendar year 2008 Includes credit hours from calendar year 2011
10
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Expenses(Operating Fund)
Compensa-tion76%
Operating Expense
13%
Utilities3% Capital
5%Library Acquisitions
1%Debt Service
2%
11
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20072008
20092010
20112012
2013 Budget
020000000400000006000000080000000
100000000120000000140000000160000000180000000200000000
BenefitsSalaries
UMKC Expense Trends Compensation (Operating Fund)
12
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FY10 FY120
500
1000
1500
2000
2500
3000
3500
1,548 1,629
794 793634 616
2,976 3,038
AcademicAcademic - AdministrativeAdministrative (non academic)Total
Average Full Time Equivalent EmployeesFY10 vs. FY12
15
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-20
-10
0
10
20
30
40
50
60
70
80
Academic (+81)
SCEPharmacyResearchNursingBlochMedA&S
-20
-10
0
10
20
30
40
50
60
70
80
Academic – Administrative (-1)
LawMedEducationResearchLibraryAll other
-20
-10
0
10
20
30
40
50
60
70
80
Administrative (-18)
AdvancementFinance and AdministrationAll Other
Change in Average Full Time Equivalent EmployeesFY10 vs. FY12
16
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FY 10 FY12 $-
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$98.3 $105.6
$37.0 $38.1 $28.4 $29.1
$163.7 $172.8
AcademicAcademic- AdministrativeAdministrativeTotal
Salaries and WagesFY10 vs. FY12
(in millions)
13
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$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Academic (+$7.3 million)
EducationMedBlochA&SPharmacyLawnursingAll other
$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Academic-Administration (+$1.1 million)
BlochMedAll other
$(2.0)
$-
$2.0
$4.0
$6.0
$8.0
$10.0
Administrative (+$700,000)
AthleticsStudent Affairs
Change in Salaries and WagesFY10 vs. FY12
(in millions)
14