Status of Initiatives 10. Eliminate unnecessary duplication at - - PowerPoint PPT Presentation

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Status of Initiatives 10. Eliminate unnecessary duplication at - - PowerPoint PPT Presentation

Feb 26, 2024 124 likes •212 views

Status of Initiatives 10. Eliminate unnecessary duplication at Enterprise level and reassign to the universities COMPLETED 12. Establish public corporations COMPLETED 13. Centralize functions at Enterprise level to enhance efficiency

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SLIDE 1

Status of Initiatives

  • 10. Eliminate unnecessary duplication at Enterprise level and

reassign to the universities

COMPLETED

  • 12. Establish public corporations

COMPLETED

  • 13. Centralize functions at Enterprise level to enhance

efficiency

COMPLETED

  • 18. Selectively create self-funded professional schools COMPLETED
  • 19. Partnership funding Model

UNDER REVIEW

  • 20. Review HR policies under ABOR authority

JUNE 2012

  • 22. Privatize residence halls COMPLETED AND ONGOING
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SLIDE 2

FY 2012 Current Estimate vs. Budget

Projected Net Assets Higher Than Plan – Appx. $100 million

  • Tuition & Fee Revenue

$10 million

  • Higher Financial Aid

6 million

  • Lower Operating Expenses

60 million

  • Technical Adjustment from the State 40 million
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SLIDE 3

Tuition and Fee Revenue

AUS ASU NAU UA FY 11 (Projected 3/11) 1,527,320 $ 797,781 $ 202,539 $ 527,000 $ FY 11 Actual 1,553,100 $ 811,400 $ 204,300 $ 537,400 $ FY 12 (Projected 3/11) 1,745,738 $ 953,889 $ 216,748 $ 575,101 $ FY 12 Budget 1,749,600 $ 967,800 $ 215,600 $ 566,200 $ FY12 (Projected 2/12) 1,760,300 $ 955,600 $ 220,600 $ 584,100 $ Student FTE Fall 2010 129,687 69,459 22,746 37,482 Fall 2011 (Projected 3/11) 134,305 73,453 23,146 37,706 Fall 11 Actual 133,928 72,558 22,964 38,406

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SLIDE 4

Increase in Financial Aid

AUS ASU NAU UA FY 12 (Projected 3/11) 54.4 $ 26.3 $ 3.6 $ 24.5 $ FY 12 (Projected 2/12) 60.3 $ 26.7 $ 7.9 $ 25.7 $

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SLIDE 5

Change in Net Assets

AUS ASU NAU UA FY2011 238.2 $ 93.6 $ 49.1 $ 95.5 $ FY 2012 Budget (13.8) $ 22.7 $ (4.2) $ (32.3) $ FY 2012 Projection 86.8 $ 68.5 $ (0.7) $ 19.0 $

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SLIDE 6
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SLIDE 7

Liquidity Measure Range

  • Not an absolute number
  • Moody’s median

– Not setting range to target a debt rating – Starting point – External independent agency

  • Desired range balances Arizona environment

and external range

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SLIDE 8

191 68 101 77 89 134 125 156 94

  • 25.00

50.00 75.00 100.00 125.00 150.00 175.00 200.00 225.00 250.00 275.00 300.00 325.00 350.00 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002

University Days Cash on Hand FY 2002 - FY 2011

NAU ASU UA Moody's 2010 Median +25% of Moody's Median

  • 25% of Median

+ 25% of Median