Board of Trustees January 27, 2017 Joel Klucking, CFO/Vice - - PowerPoint PPT Presentation
Board of Trustees January 27, 2017 Joel Klucking, CFO/Vice President for Business and Finance Financial Update: Opera8ng Funds Full Year Budget vs. Forecast $140 $120 $100 Dollars in Millions $80 $60 $40 $20 $0 Rev Exp Rev Exp Rev
January 27, 2017
$0 $20 $40 $60 $80 $100 $120 $140
Rev Exp Rev Exp Rev Exp Rev Exp State/TuiBon Local General Auxiliary Student AcBviBes
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Rev Exp Rev Exp Rev Exp Rev Exp Capital Internal Service Grants & Contracts Trust and Loan
Dollars in Millions
State/Tuition Fund Resources Budget Actual % Budget % Prior Yr Operating Revenues Tuition & Fees 69,301 $ 46,645 $ 67% 70% Less: Waivers (13,500) (9,377) 69% 79% Net Tuition & Fees 55,801 37,269 67% 68% Admin Fee 3,500 1,975 56% 40% Other Revenue 421 421 100% 100% Total Operating Revenues 59,722 39,664 66% 67% State Appropriation 58,359 25,487 44% 34% Total Resources 118,081 $ 65,151 $ 55% 53%
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Thousands
State/Tuition Fund Expenses by Division Budget Actual % Budget % Prior Yr Academic & Student Life 72,830 $ 30,905 $ 42% 44% Business & Fin. Affairs 7,101 $ 3,565 $ 50% 49% Enrollment Mgmt 4,317 $ 2,060 $ 48% 47% President 9,626 $ 4,811 $ 50% 45% Operations 22,301 $ 10,451 $ 47% 49% Central Accounts 1,000 $ 286 $ 29% 14% Total State/Tuition 117,175 $ 52,078 $ 44% 45% State/Tuition Funds by Functional Expense Budget Actual % Budget % Prior Yr Staff Wages 33,876 $ 16,213 $ 48% 48% Faculty Wages 40,507 $ 15,853 $ 39% 43% Other Wages 1,352 $ 839 $ 62% 29% Benefits 25,068 $ 11,673 $ 47% 49% Goods & Services 16,372 $ 7,501 $ 46% 41% Total State/Tuition 117,175 $ 52,078 $ 44% 45%
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Thousands
(4 M) (3 M) (2 M) (1 M) $0 M $1 M $2 M $3 M $4 M $5 M $6 M $7 M $8 M $9 M $10 M $11 M $12 M
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Total Bond Payments Fiscal 2015 Fiscal 2016 2017 Budget Fiscal 2017