U N I V E R S I T Y O F W I S C O N S I N O S H K O S H UW Oshkosh’s role in Northeast UW Oshkosh’s role in Northeast Wisconsin’s Growth Agenda: Wisconsin’s Growth Agenda: Diversifying our revenue sources Diversifying our revenue sources Presentation to the Board of Regents Business, Finance and Audit Committee April 12, 2007 Agile • Responsive • Innovative • Aligned 1
Diversifying our revenue sources Diversifying our revenue sources U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • Current revenue streams • Creative revenue streams • “Transforming UW Oshkosh” (Foundation and Gifts) Agile • Responsive • Innovative • Aligned 2
Current Revenue Sources Current Revenue Sources U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • State (GPR) • Tuition (Student fees) • Program Revenue • Auxiliaries • Federal Funds • Grants & Contracts Agile • Responsive • Innovative • Aligned 3
UNIVERSITY OF WISCONSIN SYSTEM 2006-07 OPERATING BUDGET $4,315,388,220 U N I V E R S I T Y O F W I S C O N S I N O S H K O S H AUXILIARIES & OTHER RECEIPTS TUITION FEDERAL GIFTS GRANTS STATE $909,202,094 $986,565,507 $543,212,148 & CONTRACTS $1,427,993,079 21.07% 22.86% $448,415,392 33.09% 12.59% 10.39% (2) Infrastructure $20,069,484 4.48% Research & Public Research & Public Research & Public Other Student Related Research & Public Service Service Service $2,727,606 Service $609,654,061 $285,145,946 $8,830,284 0.30% $327,402,467 61.80% 63.59% 1.63% 22.93% Instruction Financial Aid Financial Aid $906,474,488 $31,033,539 Financial Aid Financial Aid $4,634,795 $31,492,851 99.70% 2.17% $301,486,852 0.84% 7.02% 30.56% (1) Other Student Related (1) Other Student Related $457,729,187 (1) Other Student Related (1) Other Student Related $178,097,071 $20,924,256 32.05% $31,310,391 32.79% 4.67% 3.17% Instruction Instruction $45,810,762 Instruction Instruction $25,507,153 $90,411,855 3.21% $30,664,860 4.70% 20.16% 3.11% (2) Infrastructure $518,098,390 (2) Infrastructure (2) Infrastructure (2) Infrastructure $20,069,484 $1,383,301 36.28% $12,063,484 4.48% 3.68% 1.22% (1) Other (3) Other $47,918,734 (3) Other (3) Other $311,113,532 $371,000 3.36% $1,385,859 57.27% 0.08% 0.14% Agile • Responsive • Innovative • Aligned (1)Other Student Related = Student Services and Academic Support 4 (2)Infrastructure = Physical Plant, Institutional Support (3)Other = Farm Operations, Hospital, and Auxiliaries
UNIVERSITY OF WISCONSIN OSHKOSH 2006-2007 OPERATING BUDGET $152,543,554 U N I V E R S I T Y O F W I S C O N S I N O S H K O S H FEDERAL AUXILIARIES & TUITION STATE $21,264,267 GIFTS GRANTS OTHER $46,906,835 $42,278,469 RECEIPTS 13.94% & CONTRACTS 30.75% 27.72% $5,064,131 $37,029,852 3.32% 24.27% Research & Public Service Research & Public Service Research & Public Service Other Student Related Research & Public Service $6,856,903 $2,068,132 $1,613,378 140,721 $1,076,139 32.25% 40.84% 4.36% 0.30% 2.55% &*% Financial Aid Financial Aid Financial Aid Instruction Financial Aid $7,889,986 $653,400 $10,200 $46,766,114 $492,495 37.10% 12.90% 0.03% 99.70% 1.16% % (1) Other Student Related (1) Other Student Related (1) Other Student Related (1)Other Student Related $1,147,587 $753,579 $8,062,757 $19,943,355 5.40% 14.88% 21.77% 47.17% %% Instruction Instruction Instruction Instruction $5,232,730 $1,264,091 $371,299 $333,753 24.61% 24.96% 1.00% 0.79% (2) Infrastructure (2) Infrastructure (2) Infrastructure (2) Infrastructure $104,406 $324,929 $1,363,301 $20,432,727 0.49% 6.42% 3.68% 48.33% (3) Other (3) Other $32,655 $25,608,917 0.15% 69.16% Agile • Responsive • Innovative • Aligned (1)Other Student Related = Student Services and Academic Support (2)Infrastructure = Physical Operation, Institutional Support, Utilities Cost and Debt Service (3)Other = Auxiliaries 5
Making the case Making the case for diversification for diversification U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • UW Oshkosh 3rd largest in university in the System • Total headcount enrollment - 12,400 (11,000 on campus) • 9.1%> in FTE during past 6 years • 77.1%> in minority students • 8.4%> adult-nontradional students (age 25+) • Growth Agenda - increase enrollment by 12.5% during next 6 years (potentially 14,000) Agile • Responsive • Innovative • Aligned 6
Influencing regional growth Influencing regional growth U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • UW Oshkosh’s regional economic impact • $501 million/9,000+ jobs (1,500 increase since 2003) • $37 million in state & local tax revenue • 16%, 3-year growth rate equivalent to adding a private sector company or small private college employing several hundred • $30.7 million in direct spend by students (housing sector) Agile • Responsive • Innovative • Aligned 7
Rationale for the Need Rationale for the Need to Diversify Revenue Sources to Diversify Revenue Sources U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • Fulfill mission and continue to grow • Address the decrease in state funding • Enhance resources Agile • Responsive • Innovative • Aligned 8
Collaboration in Diversification Collaboration in Diversification of our Revenue Sources of our Revenue Sources U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • Developed innovative Cost Recovery Programs • Developed net revenue-sharing model • Highlights of a few CRPs • Collaboration with UW Colleges (Organizational Administration Degree (Adult-nontraditional students) • Collaborative strategies with UW Oshkosh Foundation (Accelerated Nursing development and launch) • Refocused indirect cost revenue to grow grants and contracts ($500K for Council of Innovation obtained with support from US Rep. Tom Petri and US Sen. Herb Kohl) Agile • Responsive • Innovative • Aligned 9
Strategic Strategic Collaborative Fund: Initiatives Collaborative Fund: Initiatives U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • CRP UNIVERSITY OF WISCONSIN OSHKOSH Phase One Initiative Funding June 2006 • Academic and INITIATIVE FUNDING $650,000 administrative units Colleges Strategic Planning Proposals diversified revenue College of Nursing $55,538 sources College of Letters & Science $75,000 College of Education & Human Services $39,000 College of Business $40,000 • IMPACT -- Provided Colleges & Student Affairs Proposals $50,000 revenue source for Collaborative Proposals $50,462 strategic initiatives Center for Scholarly Learning $90,000 Marketing & Innovation Plan $150,000 IT Initiatives Doc Imaging/Web $100,000 Agile • Responsive • Innovative • Aligned 10
Diversifying our revenue sources Diversifying our revenue sources U N I V E R S I T Y O F W I S C O N S I N O S H K O S H • Foundation • Endowment interest • Capital project fund • Annual fund Agile • Responsive • Innovative • Aligned 11
U N I V E R S I T Y O F W I S C O N S I N O S H K O S H “Transforming UW Oshkosh” “Transforming UW Oshkosh” (Foundation & Gift Funds) (Foundation & Gift Funds) • Art Rathjen ( president UW Oshkosh Foundation ) Agile • Responsive • Innovative • Aligned 12
Asset Growth Asset Growth U N I V E R S I T Y O F W I S C O N S I N O S H K O S H ADVANCEMENT Fall 2000 Fall 2006 %Change 12.3% 61,847 69.463 Alumni Foundation Gifts and Pledges 1.7 76.5% 3.0 (millions) 51.7% 9.1 Foundation Endowment (millions) 6.0 ASSETS Fall 2006 %Change Fall 2002 Foundation Total Net Assets 7.2 81.9% 13.1 (millions) Foundation 7.4 19.2 159.5% Total Assets (millions) Agile • Responsive • Innovative • Aligned 13
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