lsu sources of revenue

Louisiana State University System

Presentation to Revenue Task Force

February 21, 2013

Chart title goes here

Louisiana State University SystemFY 2012-13 Budget as of 2/20/13

Slide 1 – FY 2012-13 Percentage of Total Revenue By Entity

LSU BOS.2%

LSU Law Center.7%

LSU Eunice.7%

LSU Alexandria.7%

LSU Shreveport1.4%

Pennington Biomedical1.8%

HP Long Medical Center

Huey P. Lon

1.8%

EA Conway Medical Center3.3%

LSU Ag Center3.9%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

LSU A&M 26.7%

LSU HCSC S17.8%

LSU HSC NO

13.7%

HCSD 27.3%

Total

Revenues

$3,268,025,962

Note: LSU Health Science Center Shreveport includes Shreveport Hospital.



Slide 2 – FY 2012-13 Percentage of Total Revenue By Entity

LSU BOS.3%

LSU Eunice1.2%

LSU Alexandria1.3%

LSU Law Center1.3%

LSU Shreveport2.5%

Pennington Biomedical3.1%

LSU Ag Center6.8%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

LSU HSC NO23.9%

LSU HSC S 13.1%

LSU A&M46.5%

Total

Revenues

$1,875,845,380

Note: LSU System Exclusive of Hospital Operations.



Slide 3– FY 12-13 Percentage of Total Revenue by Source

General Fund 12.4%

Student Fees 12.0%

Pell 1.1%

Endowment Income 0.2%

UncompensatedCare

18.7%

Medicare 4.7%

Medicaid 5.4%

Hosp Contracts 2.2%

Hosp Self 5.5%Physician Prac. 0.2%

Hospital Revenue

36.7%

Total

Revenues

$3,268,025,962




General Fund 18.5%

IAT 0.4%

Student Fees 21.0%

Sales 5.9%

Self Gen 4.7%

Pell 1.9%

Auxiliaries 12.0%


Gifts Grants & Contracts 18.4%

Other Fed 10.3%

Medicaid 1.4%

Hosp Contacts 2.0%

Physician Prac 0.4%

Total

Revenues

$1,875,845,380



Slide 5– FY 12-13 Percentage of Restricted Vs Unrestricted Revenue

General Fund Student Fees

52.7%47.3%

Physician Practice PlanStatutory Dedicated

Medicaid

Unrestricted Revenues $888,210,100

Hospital Contracts

Restricted Revenues $987,635,280

Interagency Transfers

Student Fees

Sales & Service Ed. Activities

Other Self Generated

Other Federal Grants


Sales & Service Ed. Activities

Other Federal Grants

Auxiliaries

Endowment Income

Gifts, Grants, and Contracts

Other Self Generated

Pell Grants


Slide 6– Restricted Revenue Definitions, Purposes, and Uses


• Student Fees –

– Self-generated restricted fees that have established limitations or stipulation placed on their use. Includes fees for items such as the student technology fee, course/field trip fees, the child care center fee, Student Bar Association fees principally used for SBA administration and SBA-approved functions for law students, student activities, intramurals, media, and orientation fee.

• Physician Practice Plans

– Funds are designated by the BOS to compensate faculty and enhance academic quality of their departments through investments in infrastructure, scholarly pursuits, and research. Funds are generated by faculty providing patient care. Faculty Practice touches all aspects of the mission of teaching, research, patient care and community outreach.

• Sales and Services –

– Self-generated funds derived from institutional sales and services of educational activities. These revenues include items such as publications, Performing Art Series Sales, LOUIS subscription fees, program income generated from sponsored agreements, Law Review, Energy Law Journal, clinical and research services, university stores, testing fees (plant and soil).




• Athletics–− Self-generated funds derived from university sponsored athletic events. The Athletic

Auxiliary unit seeks to create an environment conducive to the development of student-athletes with strong core values and personal integrity that will contribute to success throughout their lives and to provide the resources necessary to pursue championships, to graduate and to become productive citizens. LSU's Athletic Department is a self-supporting unit that does not receive state appropriation or student fee revenues. Athletic Department revenues are used to fund the operations of the auxiliary unit including expenses for operations and maintenance of plant and the debt/bond payments associated with construction and renovations of its facilities.

• Auxiliaries (Excluding Athletics) − Self-generated funds derived from auxiliary enterprises that exist to furnish goods or

services to students, faculty, or staff. These units charge a fee to users for their goods and services. The distinguishing characteristic of an auxiliary enterprise is that it is managed as an essentially self-supporting activity that is not supported by state appropriated revenues. The funding is dedicated to the operations of the auxiliary unit including expenses for operations and maintenance of plant and the debt/bond payments associated with construction and renovations of its facilities. Examples are residence halls, student health center, parking & transportation, student unions, testing centers, museums, and bookstore.




• Endowment Income –− Funds established by a donor in which only the earned income can be spent. These

funds include the endowment established by a donor and the state match university foundation accounts. Generally restricted in use for those scholarships and professorships and are permanently nonexpendable.

• Gifts, Grants and Contracts –− Funding distributed from state or local sources for grants, contracts, cooperative

agreements and other non-sponsored programs. These funding resources include externally established limitations or stipulations on the use of the funds. Examples include Incumbent Worker Training Grants, BORSF Grants, some institutions also record TOPS Scholarships, and Go Grants.

− Funding distributed from private sources, including industry, for grants, contracts, cooperative agreements and other non-sponsored programs such as unrestricted donations. These funds include items such as university foundation funds, gifts to the University and industry cooperative agreements.




• All Other Self Generated–

– Revenues derived from items such as (facilities and administration) indirect cost recovered from sponsored programs, technology transfer and other miscellaneous sources. These types of funds are earmarked for items such as start-up funds for new faculty members, new research, matching funds for grants, and high cost maintenance expenses for research equipment or lab renovations. Other examples include interest on investments, technology transfer, and continuing education.

• Pell Grants–

– The Pell Grant program is a post-secondary, educational federal grant program sponsored by the U.S. Department of Education that is designed to help students with financial need pay for college. The funding is awarded based on information submitted on the Free Application for Federal Student Aid (FAFSA) form. Funding is awarded to students pursuing their first undergraduate degree and the student must maintain satisfactory academic progress.




• Other Federal

– Funding distributed from federal agencies for grants, contracts, cooperative agreements and other non-sponsored programs such as the Federal Work Study Program. These funding resources include externally established limitations or stipulations on the use of the funds. This funding source includes items such as competitive federal agency research grants, National Science Foundation (NSF), US Department of Agricultural, Interior, Commerce – NOAA, Energy, Military, etc.



LSU & A&M College

General Fund 14.8%

Stat. Ded. 1.4%

IAT 0.8%

Student Fees 33.2%

Sales and Services 2.2%

Other Self-Gen 4.9%

Pell 2.3%

Auxiliaries 21.3%

Endowment Income 0.3% Other Fed

10.3%

Total

Revenues

$871,574,544



LSU Paul M. Hebert Law Center

Total

Revenues

$24,486,508

General Fund 22.1%

Stat. Ded. 1.7%

Student Fees 72.4%


Other Self-Gen 0.7%


Gifts, Grants, & Contracts 2.0%



Pennington Biomedical Research Center

Total

Revenues

$58,912,623

General Fund 21.0%Stat. Ded. 0.2%


Other Self-Gen 16.6%

Auxiliaries 4.1%


Other Fed 33.9%



LSU Agricultural Center

Total

Revenues

$127,911,032

General Fund 50.4%

Stat. Ded. 4.1%


Other Self-Gen 6.2%



Other Fed 17.2%



LSU Shreveport

Total

Revenues

$47,156,467

General Fund 19.8% Stat. Ded. 1.4%

Student Fees 43.9%Other Self-Gen

0.5%

Pell 12.7%

Auxiliaries 5.1%


Other Fed 3.3%



LSU Alexandria

Total

Revenues

$22,899,647

General Fund 27.7%

Stat. Ded. 1.2%

Student Fees 42.4%

Other Self-Gen 2.5%

Pell 17.8%

Auxiliaries 7.9%

Other Fed 0.5%



LSU Eunice

Total

Revenues

$22,625,087

General Fund 21.2%

Stat. Ded. 1.1%

Student Fees 37.3%

Other Self-Gen 0.8%Pell 24.3%

Auxiliaries 9.0%



Other Fed 2.6%



LSU HSC New Orleans

Total

Revenues

$448,958,560

General Fund 16.6%

Stat. Ded. 4.6%

Student Fees 7.8%


Other Self-Gen 4.5%

Auxiliaries 3.6%



Other Fed 9.5%

Phys. Prac. Plan 1.7%

Hosp Contracts 8.5%



LSU HSC S – Excludes Hospital

Total

Revenues

$246,321,795

General Fund 15.0%

Stat. Ded. 5.7%

Student Fees 5.0%


Other Self-Gen 2.5%

Auxiliaries 5.9%



Other Fed 6.5%Medicaid

10.6%



LSU System and Board

Total

Revenues

$4,999,117

General Fund 69.9%


Other Self-Gen 10.0%


Questions?

Wendy C. Simoneaux, CPA, CGFM,CGMA


Chief Financial Officer,Assistant Vice President for Budget and

Finance and Comptroller


lsu sources of revenue

Education

lsu shreveport

lsu law center

lsu eunice

lsu alexandria

lsu am46

lsu ag center

percentage of total

shreveport hospital