Louisiana State University System

Transcription

1 Louisiana State University System First Quarter Operating Budget Report

2 Table of Contents LSU and A & M College 1 Paul M. Hebert Law Center 15 Pennington Biomedical Research Center 24 LSU Agricultural Center 32 LSU in Shreveport 41 LSU at Alexandria 50 LSU at Eunice 59 University of New Orleans 67 LSU Health Sciences Center New Orleans 76 LSU Health Sciences Center Shreveport 84 E.A. Conway Medical Center 102 Huey P. Long Medical Center 109 Board and System Office 116 Health Care Services Division 126 Click on the Institution's page number to go to their report

3 1

4 2

5 Operating Budget Development Campus: Budget Adjustments Louisiana State University Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 167,433, ,433, % Statutory Dedications 13,431, ,431, % Interim Emergency Board Interagency Transfers 6,642, ,642, % Interagency Transfers - Federal Stimulus 38,653, ,653, % Self Generated Revenues 204,357, ,357, % Federal Funds Total Revenues 430,517, ,517, % % change to Beg Op. Budget Expenditures by Object: Total Personal Services 338,908,549 (78,756) 338,829, % Total Operating Expenses 40,255,870 (581,053) 39,674, % Total Other Charges 39,746,351 32,936 39,779, % Total Acquisitions and Major Repairs 11,606, ,873 12,233, % Total Expenditures 430,517, ,517, % Expenditures by Function: Instruction 190,915,927 (1,164,544) 189,751, % Research 55,374, ,646 55,915, % Public Service 5,894,137 25,356 5,919, % Academic Support (Includes Library) 55,350, ,103 55,551, % Academic Expenditures Subtotal 307,535,146 (396,439) ,138,707 Student Services 12,283,699 54,035 12,337, % Institutional Support 23,801, ,466 23,984, % Scholarships/Fellowships 35,400,128 31,436 35,431, % Plant Operations/Maintenance 51,010, ,502 51,137, % Hospital Transfers out of agency 487, , % Athletics Other Non-Academic Expenditures Subtotal 122,982, , ,378,841 Total Expenditures 430,517, ,517, % Use next page for Detailed Explanation 3

6 Operating Budget Development Campus: Louisiana State University Budget Adjustments Narrative Variance Analysis and Program Adjustments. Explain any funds moving from academic to non-academic. These adjustments represent the realignment of budgets at the request of deans and directors in anticipation of future expenditures. There are also several departmental expenditures paid from centralized institutional accounts such as termination pay and data nodes. As expenses are incurred during the quarter, budget authority is moved from the central account to the accounts where actual expenses were incurred. Report on changes to Significant Funding Issues 4

7 Overview of Unrestricted Revenues and Expenditures Revenues Campus: Louisiana State University Actual Amount for each Quarter Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Total % Actual to Budget General Fund 167,433,487 51,310,498 51,310, % Statutory Dedications 13,431,458 1,375,980 1,375, % Interim Emergency Board Interagency Transfers 6,642,328 1,661,437 1,661, % Interagency Transfers - Federal Stimulus 38,653, % Self Generated Revenues 204,357, ,506, ,506, % Federal Funds 0 0 TOTAL 430,517, ,854, ,854, % Expenditures by Category Total Personal Services 338,829,793 62,971,472 62,971, % Total Operating Expenses 39,674,817 7,388,352 7,388, % Total Other Charges 39,779,287 25,503, ,503, % Total Acquisitions and Major Repairs 12,233,651 1,024,906 1,024, % TOTAL 430,517,548 96,887, ,887, % by Function Instruction 189,751,383 32,023,690 32,023, % Research 55,915,860 9,945,584 9,945, % Public Service 5,919,493 1,141,162 1,141, % Academic Support (Includes Library) 55,551,971 11,736,630 11,736, % Academic Expenditures Subtotal 307,138,707 54,847, ,847, % Student Services 12,337,734 2,969,250 2,969, % Institutional Support 23,984,928 4,663,402 4,663, % Scholarships/Fellowships 35,431,564 24,954,030 24,954, % Plant Operations/Maintenance 51,137,615 9,065,827 9,065, % Hospital Transfers out of agency 487, , , % Athletics Other Non-Academic Expenditures Subtotal 123,378,841 42,040, ,040, % TOTAL 430,517,548 96,887, ,887, % 5 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009

8 Overview of Unrestricted Revenues and Expenditures Campus: Louisiana State University Discuss significant revenues collected and expenses incurred variances in relation to the budget. Revenues The self generated revenues for the first quarter include tuition and fees collected for the summer and fall term. The percent of actual revenues collected compared to the operating budget for this quarter is on schedule with the self generated revenues collected last fiscal year. Expenditures The large percentage for actual expenditures compared to the operating budget in the other charges expenditure category and the Scholarships/Fellowships function is attributable to an increase in the number of exemptions awarded. Examples of increased award programs are the Pelican Promise (economically disadvantaged) and undergraduatenon residentstudentawards non resident student awards. Theseexpendituresincludeawardsfor expenditures include the summerandfallterm term. 6 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009

9 Overview of Restricted Funds Campus: Louisiana State University Actual Revenues/Transfers for each Quarter Estimated Revenues & Transfers 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Revenues & Transfers % Collected State Appropriations Restricted Fees 20,393,160 8,925,155 8,925, % Sales and Services of Educational Activities 2,499, , , % Auxiliaries (List) 1 Athletic Department 81,500,000 34,859,504 34,859, % 2 Golf Course 1,229, , , % 3 Residential Life 29,472,998 15,088,519 15,088, % 4 Lab School Cafeteria 555, , , % 5 Procurement Auxiliary Services 14,472,016 3,053,142 3,053, % 6 Parking, Traffic, & Transportation 9,642,450 5,011,035 5,011, % 7 Student Health Center 9,025,854 4,401,647 4,401, % 8 Student Media 1,926, , , % 9 University Auxiliary Services 1,542,863 1,303,975 1,303, % 10 LSU Union 10,309,384 4,834,207 4,834, % 11 LSU Press 1,980, , , % Endowment Income 1,927, , , % Grants and Contracts Federal 99,669,384 27,202,298 27,202, % State and Local 43,346,599 14,802,178 14,802, % Private 13,357,905 7,521,412 7,521, % Indirect Cost Recovered 18,015,096 2,007,637 2,007, % Gifts 14,334,407 3,013,145 3,013, % Federal Funds Hospitals Hospital - Commercial/Self-Pay 0 0 Physician Practice Plans 0 0 Medicare 0 0 Medicaid 0 0 Uncompensated Care Costs (UCC) 0 0 All Other Sources 6,588,016 2,057,904 2,057, % TOTAL 381,789, ,026, ,026, % 7 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009

10 Overview of Restricted Funds Campus: Louisiana State University Report on Quarterly Activities Auxiliaries Lab School Cafeteria 84.6% of revenues were collected in the first quarter due to meal plan revenue being collected at the beginning of the school year. The balance of revenues to be collected are cash sales, interest allocation and state contributions for students qualifying for free or reduced lunch. University Auxiliary Services Revenues for University Auxiliary Services appear to be out of line with budget due to timing differences of transfers of revenues to Athletics for Concessions ($582,567) and TigerCash receipts from off campus vendors that accept TigerCash ($284,607). Without these transactions actual revenue for University Auxiliary Services is $436,801, or 28.3% of the amount budgeted. Non Auxiliary Funds The figures included in the estimated column for non auxiliary funds are the actual revenues collected from the previous fiscal year. Most of these funds are one time or multiyear award funds that are not confined to fiscal year budgets. 8 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009

11 Overview of Restricted Operations Campus: Louisiana State University Actual Amount for each Quarter Show Expenditures As Positive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expenses, Expenses, Expenses, Expenses, Acct/Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Restricted State Appropriations Restricted Fees 9,704,156 8,925,155 3,710,262 14,919, ,919, ,919, ,919,049 Sales & Svcs of Educ. Activ's 4,610, , ,786 4,726, ,726, ,726, ,726,534 Auxiliaries (List) 1 Athletic Department 7,360,385 34,859,504 21,093,975 21,125, ,125, ,125, ,125,914 2 Golf Course 1,021, , ,995 1,089, ,089, ,089, ,089,407 3 Residential Life 4,862,259 15,088,519 4,217,072 15,733, ,733, ,733, ,733,706 4 Lab School Cafeteria 380, ,475 99, , , , ,509 5 Procurement Auxiliary Services 1,433,505 3,053,142 2,387,113 2,099, ,099, ,099, ,099,534 6 Parking, Traffic, & Transportation 1,942,483 5,011,035 1,234,323 5,719, ,719, ,719, ,719,196 7 Student Health Center 1,293,651 4,401,647 1,999,762 3,695, ,695, ,695, ,695,536 8 Student Media 611, , ,283 1,002, ,002, ,002, ,002,469 9 University Auxiliary Services 360,044 1,303, ,181 1,184, ,184, ,184, ,184, LSU Union 5,776,358 4,834,207 2,424,200 8,186, ,186, ,186, ,186, LSU Press (1,591,824) 421, ,781 (1,717,729) 0 (1,717,729) 0 (1,717,729) 0 (1,717,729) Endowment Income 10,120, , ,046 10,009, ,009, ,009, ,009,870 Grants and Contracts Federal (2,177,532) 27,202,298 28,741,782 (3,717,016) 0 (3,717,016) 0 (3,717,016) 0 (3,717,016) State and Local 3,156,951 14,802,178 9,479,744 8,479, ,479, ,479, ,479,385 Private 345,877 7,521,412 4,252,062 3,615, ,615, ,615, ,615,226 Indirect Cost Recovered 34,429,981 2,007,637 3,113,448 33,324, ,324, ,324, ,324,170 Gifts 2,134,049 3,013,145 3,080,448 2,066, ,066, ,066, ,066,746 Federal Funds Hospitals Hospital - Commercial/Self-Pay Physician Practice Plans Medicare Medicaid Uncompensated Care Costs All Other Sources 7,228,497 2,057, ,905 8,552, ,552, ,552, ,552,496 TOTAL 93,002, ,026,635 89,182, ,846, ,846, ,846, ,846,205 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009 9

12 Report on Quarterly Activities Federal Grants: The University must incur the expenses and seek reimbursement. Revenue is recognized after the expenses are incurred. State Grants: Board of Regents grants provide a large part of the funding in advance, which provides positive cash flow for state projects. Indirect Cost Recovered: The $34M balance is comprised of funds that are earmarked to be used as start up funds for new faculty members, matching funds for grants, high cost maintenance expenses for research equipment or lab renovations, and other unexpected costs. The start up costs can range from $100,000 for a researcher in Arts and Sciences to $500,000 for researchers in Engineering to amounts in excess of $3M for an internationally renowned researcher in Basic Sciences. 10 P:\Financial Quarterly Reports\ \1stQtr\LSU_Quarterly Revenues and Expenditures Template FINAL /1/2009

13 Planned Uses of New Funds Campus: Louisiana State University Title: 5% Tuition Increase As Originally As Currently Budgeted Budgeted Percent 7/1/2009 9/30/2009 Change Change Salaries 4,550,000 4,550, % Other Compensation 500, , % Related Benefits 1,250,000 1,250, % Travel 0 N/A Operating Services 240, , % Supplies 380, , % Professional Services 0 N/A Other Charges: 1,950,000 1,950, % Interagency Transfers 0 N/A Acquisitions 0 N/A Major Repairs 0 N/A Unalloted 0 N/A Total 8,870,000 8,870, % Explain any change from original budget in text box below. No change from the beginning budget: The 5% tuition increase will be used to help preserve the academic core of LSU's Flagship mission. These increased revenues offset the FY budget reductions to academic and support units. 11

14 Planned Uses of New Funds Campus: Louisiana State University Title: Graduate student $30/credit hour As Originally As Currently Budgeted Budgeted Percent 7/1/2009 9/30/2009 Change Change Salaries 450, , % Other Compensation 400, , % Related Benefits 150, , % Travel 0 N/A Operating Services 0 N/A Supplies 0 N/A Professional Services 0 N/A Other Charges: 1,724,000 1,724, % Interagency Transfers 0 N/A Acquisitions 0 N/A Major Repairs 0 N/A Unalloted 0 N/A Total 2,724,000 2,724, % Explain any change from original budget in text box below. No change from the beginning budget: The graduate student $30/credit hour tuition increase will be used to help preserve the academic core of LSU's Flagship mission. These increased revenues offset the cut to academic units, graduate student programs and assistantships. 12

15 Planned Uses of New Funds Campus: Louisiana State University Title: Vet Med $750/semester As Originally As Currently Budgeted Budgeted Percent 7/1/2009 9/30/2009 Change Change Salaries 34,912 34, % Other Compensation 46,500 46, % Related Benefits 10,474 10, % Travel 0 N/A Operating Services 71,600 71, % Supplies 138, , % Professional Services 0 N/A Other Charges: 26,550 26, % Interagency Transfers 0 N/A Acquisitions 211, , % Major Repairs 0 N/A Unalloted 0 N/A Total 540, , % Explain any change from original budget in text box below. No change from the beginning budget: The School of Veterinary Medicine $750/semester tuition increase will be used to protect the academic, research, and service core missions of the school. It will help offset the State Appropriation cut as well as help with the high cost of our specialized educational program, research laboratory experiences and Veterinary Teaching Hospital. 13

16 Planned Uses of New Funds Campus: Louisiana State University Title: $1,000 MBA Tuition Increase As Originally As Currently Budgeted Budgeted Percent 7/1/2009 9/30/2009 Change Change Salaries 160, , % Other Compensation 0 N/A Related Benefits 51,000 51, % Travel 0 N/A Operating Services 200, , % Supplies 0 N/A Professional Services 0 N/A Other Charges: 275, , % Interagency Transfers 0 N/A Acquisitions 0 N/A Major Repairs 0 N/A Unalloted 0 N/A Total 686, , % Explain any change from original budget in text box below. No change from the beginning budget: The $1,000 MBA tuition increase will be used to offset the budget reduction and enhance the program by improving instructional resources, providing support to international study abroad programming associated with our globalization initiative, and providing scholarships to enable us to compete for the highest quality applicants. 14

17 15

18 16

19 Operating Budget Development Campus: Budget Adjustments Paul M. Hebert Law Center Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 7,086,344 7,086, % Statutory Dedications 475, , % Interim Emergency Board 0 Interagency Transfers 0 Interagency Transfers - Federal Stimulus 1,696,281 1,696, % Self Generated Revenues 11,061,507 11,061, % Federal Funds 0 Total Revenues 20,319, ,319, % Expenditures by Object: Total Personal Services 12,671,849 12,671, % Total Operating Expenses 3,764,067 3,764, % Total Other Charges 3,585,978 3,585, % Total Acquisitions and Major Repairs 298, , % Total Expenditures 20,319, ,319, % Expenditures by Function: Instruction 7,566,065 7,566, % Research 481, , % Public Service 47,200 47, % Academic Support (Includes Library) 2,393,053 2,393, % Academic Expenditures Subtotal 10,487, ,487,869 Student Services 1,037,040 1,037, % Institutional Support 4,429,457 4,429, % Scholarships/Fellowships 3,005,346 3,005, % Plant Operations/Maintenance 1,360,182 1,360, % Hospital 0 Transfers out of agency 0 Athletics 0 Other 0 Non-Academic Expenditures Subtotal 9,832, ,832,025 Total Expenditures 20,319, ,319, % Use next page for Detailed Explanation % change to Beg Op. Budget 17

20 Operating Budget Development Campus: Paul M. Hebert Law Center Budget Adjustments Narrative Variance Analysis and Program Adjustments. Explain any funds moving from academic to non-academic. Report on changes to Significant Funding Issues 18

21 Overview of Unrestricted Revenues and Expenditures Campus: Actual Amount for each Quarter Paul M. Hebert Law Center % Actual to Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Total Budget Revenues General Fund 7,086,344 2,166,201 2,166, % Statutory Dedications 475, % Interim Emergency Board 0 0 Interagency Transfers 0 0 Interagency Transfers - Federal Stimulus 1,696, % Self Generated Revenues 11,061,507 5,453,627 5,453, % Federal Funds 0 0 TOTAL 0 7,619, ,619,828 Expenditures by Category Total Personal Services 12,671,849 2,464,388 2,464, % Total Operating Expenses 3,764, , , % Total Other Charges 3,585,978 1,416,301 1,416, % Total Acquisitions and Major Repairs 298,000 41,083 41, % TOTAL 20,319,894 4,827, ,827, % by Function Instruction 7,566,065 1,512,314 1,512, % Research 481,551 55,297 55, % Public Service 47,200 5,903 5, % Academic Support (Includes Library) 2,393, , , % Academic Expenditures Subtotal 10,487,869 2,018, ,018, % Student Services 1,037, , , % Institutional Support 4,429, , , % Scholarships/Fellowships 3,005,346 1,405,356 1,405, % Plant Operations/Maintenance 1,360, , , % Hospital 0 0 Transfers out of agency 0 0 Athletics 0 0 Other 0 0 Non-Academic Expenditures Subtotal 9,832,025 2,808, ,808, % TOTAL 20,319,894 4,827, ,827, % 19 P:\Financial Quarterly Reports\ \1stQtr\LAW_ _Quarterly Revenues and Expenditures Paul M Hebert Law Center 1st Quarter 11/23/2009

22 Overview of Unrestricted Revenues and Expenditures Campus: Paul M. Hebert Law Center Discuss significant revenues collected and expenses incurred variances in relation to the budget. In the aggregate, revenues collected and expenditures incurred to date are generally in line with available budget. Self-generated revenues and expenditures actual include Fall09 tuition and fees and scholarships/waivers, respectively. In OP&M, the annual risk management premium of $233,235 was paid in the first quarter. 20 P:\Financial Quarterly Reports\ \1stQtr\LAW_ _Quarterly Revenues and Expenditures Paul M Hebert Law Center 1st Quarter 11/23/2009

23 Overview of Restricted Funds Campus: Paul M. Hebert Law Center Actual Revenues/Transfers for each Quarter Estimated Revenues & Transfers 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Revenues & Transfers % Collected State Appropriations 0 Restricted Fees 105,166 62,612 62, % Sales and Services of Educational Activities 143,170 71,835 71, % Auxiliaries (List) Endowment Income 42,218 8,766 8, % Grants and Contracts Federal 0 State and Local 15,317 15,317 15, % Private 170, , , % Indirect Cost Recovered 2, % Gifts 553, , , % Federal Funds 0 Hospitals Hospital - Commercial/Self-Pay 0 Physician Practice Plans 0 Medicare 0 Medicaid 0 Uncompensated Care Costs (UCC) 0 All Other Sources 34, % TOTAL 1,066, , , % 21 P:\Financial Quarterly Reports\ \1stQtr\LAW_ _Quarterly Revenues and Expenditures Paul M Hebert Law Center 1st Quarter 11/23/2009

24 Overview of Restricted Funds Campus: Paul M. Hebert Law Center Report on Quarterly Activities Receipts for state and local and private contracts reflect the balance of two grants for which all revenues have been collected in the first quarter. 22 P:\Financial Quarterly Reports\ \1stQtr\LAW_ _Quarterly Revenues and Expenditures Paul M Hebert Law Center 1st Quarter 11/23/2009

25 Overview of Restricted Operations Campus: Paul M. Hebert Law Center Actual Amount for each Quarter Show Expenditures As Positive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expenses, Expenses, Expenses, Expenses, Acct/Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Restricted State Appropriations Restricted Fees 142,755 62,612 1, , , , ,710 Sales & Svcs of Educ. Activ's 605,446 71,835 52, , , , ,650 Auxiliaries (List) Endowment Income 238,750 8,766 14, , , , ,426 Grants and Contracts Federal State and Local 15,317 12,009 3, , , ,308 Private 170,735 23, , , , ,620 Indirect Cost Recovered 106, , , , ,086 Gifts , , Federal Funds Hospitals Hospital - Commercial/Self-Pay Physician Practice Plans Medicare Medicaid Uncompensated Care Costs All Other Sources 151, , , , ,704 TOTAL 1,245, , ,567 1,472, ,472, ,472, ,472, P:\Financial Quarterly Reports\ \1stQtr\LAW_ _Quarterly Revenues and Expenditures Paul M Hebert Law Center 1st Quarter 11/23/2009

26 24

27 Operating Budget Development Campus: Budget Adjustments Pennington Biomedical Research Center Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 14,869,901 14,869, % Statutory Dedications 100, , % Interim Emergency Board 0 Interagency Transfers 0 Interagency Transfers - Federal Stimulus 0 Self Generated Revenues 825, , % Federal Funds 0 Total Revenues 15,796, ,796, % Expenditures by Object: Total Personal Services 10,621,589 10,621, % Total Operating Expenses 5,051,862 5,051, % Total Other Charges 122, , % Total Acquisitions and Major Repairs 0 Total Expenditures 15,796, ,796, % Expenditures by Function: Instruction 0 Research 6,659,051 6,659, % Public Service 313, , % Academic Support (Includes Library) 2,964,384 2,964, % Academic Expenditures Subtotal 9,936, ,936,435 Student Services 0 Institutional Support 1,392,700 1,392, % Scholarships/Fellowships 0 Plant Operations/Maintenance 4,466,918 4,466, % Hospital 0 Transfers out of agency 0 Athletics 0 Other 0 Non-Academic Expenditures Subtotal 5,859, ,859,618 Total Expenditures 15,796, ,796, % Use next page for Detailed Explanation % change to Beg Op. Budget 25

28 Operating Budget Development Campus: Pennington Biomedical Research Center Budget Adjustments Narrative Variance Analysis and Program Adjustments. Explain any funds moving from academic to non-academic. NONE Report on changes to Significant Funding Issues NONE 26

29 Overview of Unrestricted Revenues and Expenditures Campus: Actual Amount for each Quarter Pennington Biomedical Research Center % Actual to Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Total Budget Revenues General Fund 14,869,901 4,593,724 4,593, % Statutory Dedications 100,591 15,676 15, % Interim Emergency Board 0 0 Interagency Transfers 0 0 Interagency Transfers - Federal Stimulus 0 0 Self Generated Revenues 825,561 6,015 6, % Federal Funds 0 0 TOTAL 0 4,615, ,615,416 Expenditures by Category Total Personal Services 10,621,589 2,477,767 2,477, % Total Operating Expenses 5,051,862 1,202,440 1,202, % Total Other Charges 122,602 1,522 1, % Total Acquisitions and Major Repairs 0 0 TOTAL 15,796,053 3,681, ,681, % by Function Instruction 0 0 Research 6,659,051 1,366,704 1,366, % Public Service 313,000 73,240 73, % Academic Support (Includes Library) 2,964, , , % Academic Expenditures Subtotal 9,936,435 2,156, ,156, % Student Services 0 0 Institutional Support 1,392, , , % Scholarships/Fellowships 0 0 Plant Operations/Maintenance 4,466, , , % Hospital 0 0 Transfers out of agency 0 3,987 3,987 Athletics 0 0 Other 0 0 Non-Academic Expenditures Subtotal 5,859,618 1,535, ,535, % TOTAL 15,796,053 3,691, ,691, % 27 P:\Financial Quarterly Reports\ \1stQtr\PBRC_ _Quarterly Revenues and Expenditures - 1st Quarter FY 10 11/23/2009

30 Overview of Unrestricted Revenues and Expenditures Campus: Pennington Biomedical Research Center Discuss significant revenues collected and expenses incurred variances in relation to the budget. The Institutional Support expenditures are over 25% in the firs quarter due to the large and one-time expense of our Risk Management premium. 28 P:\Financial Quarterly Reports\ \1stQtr\PBRC_ _Quarterly Revenues and Expenditures - 1st Quarter FY 10 11/23/2009

31 Overview of Restricted Funds Campus: Pennington Biomedical Research Center Actual Revenues/Transfers for each Quarter Estimated Revenues & Transfers 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Revenues & Transfers % Collected State Appropriations 0 Restricted Fees 0 Sales and Services of Educational Activities 0 Auxiliaries (List) 1 PBRC Stores 2,850, , , % Endowment Income (61,939) % Grants and Contracts Federal 22,938,734 5,290,323 5,290, % State and Local 666, , , % Private 6,764,270 1,716,680 1,716, % Indirect Cost Recovered 7,243,483 1,824,687 1,824, % Gifts 3,275,698 1,008,063 1,008, % Federal Funds 0 Hospitals Hospital - Commercial/Self-Pay 0 Physician Practice Plans 0 Medicare 0 Medicaid 0 Uncompensated Care Costs (UCC) 0 All Other Sources 196,463 1,500 1, % TOTAL 43,873,363 10,510, ,510, % 29 P:\Financial Quarterly Reports\ \1stQtr\PBRC_ _Quarterly Revenues and Expenditures - 1st Quarter FY 10 11/23/2009

32 Overview of Restricted Funds Campus: Pennington Biomedical Research Center Report on Quarterly Activities All budgets are withing normal parameters. 30 P:\Financial Quarterly Reports\ \1stQtr\PBRC_ _Quarterly Revenues and Expenditures - 1st Quarter FY 10 11/23/2009

33 Overview of Restricted Operations Campus: Pennington Biomedical Research Center Actual Amount for each Quarter Show Expenditures As Positive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expenses, Expenses, Expenses, Expenses, Acct/Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Restricted State Appropriations Restricted Fees Sales & Svcs of Educ. Activ's 9, , , , ,082 Auxiliaries (List) 1 PBRC Stores 0 433, ,647 (83,758) 0 (83,758) 0 (83,758) 0 (83,758) Endowment Income 233, , , , ,078 Grants and Contracts Federal (139,836) 5,290,323 5,285,731 (135,245) 0 (135,245) 0 (135,245) 0 (135,245) State and Local 88, , ,128 81, , , ,931 Private 3,011,108 1,716,680 1,498,692 3,229, ,229, ,229, ,229,096 Indirect Cost Recovered 5,124,749 1,824,687 1,703,354 5,246, ,246, ,246, ,246,082 Gifts 669,456 1,008, ,039 1,090, ,090, ,090, ,090,480 Federal Funds Hospitals Hospital - Commercial/Self-Pay Physician Practice Plans Medicare Medicaid Uncompensated Care Costs All Other Sources 740,036 1,500 11, , , , ,592 TOTAL 9,736,655 10,510,218 9,846,534 10,400, ,400, ,400, ,400, P:\Financial Quarterly Reports\ \1stQtr\PBRC_ _Quarterly Revenues and Expenditures - 1st Quarter FY 10 11/23/2009

34 32

35 33

36 Operating Budget Development Campus: LSU Agricultural Center Budget Adjustments Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 78,644,374 78,644, % Statutory Dedications 7,827,905 7,827, % Interim Emergency Board 0 Interagency Transfers 0 Interagency Transfers - Federal Stimulus 0 Self Generated Revenues 6,807, ,807, % Federal Funds 13,018, ,018, % Total Revenues 106,298, ,298, % % change to Beg Op. Budget Expenditures by Object: Total Personal Services 80,635,831 24,947 80,660, % Total Operating Expenses 23,317,899 (19,947) 23,297, % Total Other Charges 1,494,737 1,494, % Total Acquisitions and Major Repairs 850,054 (5,000) 845, % Total Expenditures 106,298, ,298, % Expenditures by Function: Instruction 0 Research 37,515,001 39,317 37,554, % Public Service 31,015, ,015, % Academic Support (Includes Library) 2,795,654 1,685 2,797, % Academic Expenditures Subtotal 71,325,959 41, ,366,961 Student Services 0 Institutional Support 30,779,783 (41,002) 30,738, % Scholarships/Fellowships 0 Plant Operations/Maintenance 4,192,779 4,192, % Hospital 0 Transfers out of agency 0 Athletics 0 Other 0 Non-Academic Expenditures Subtotal 34,972,562 (41,002) ,931,560 Total Expenditures 106,298, ,298, % Use next page for Detailed Explanation Budget Adjustments Narrative Variance Analysis and Program Adjustments. Explain any funds moving from academic to non-academic. First quarter budget adjustments moved funds from non academic to academic s units. The budget adjustments in the first quarter "Expenditures by Function " show funding for student labor being moved from institutional support to research and academic support. 34

37 Operating Budget Development Campus: LSU Agricultural Center Report on changes to Significant Funding Issues No significant funding issues. 35

38 Overview of Unrestricted Revenues and Expenditures Revenues Campus: LSU Agrcultural Center Actual Amount for each Quarter Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Total % Actual to Budget General Fund 78,644,374 23,523,852 23,523, % Statutory Dedications 7,827,905 2,848,840 2,848, % Interim Emergency Board 0 0 Interagency Transfers 0 0 Interagency Transfers - Federal Stimulus 0 0 Self Generated Revenues 6,807,967 1,047, ,047, % Federal Funds 13,018,275 3,056,718 3,056, % TOTAL 106,298,521 30,477, ,477, % Expenditures by Category Total Personal Services 80,660,778 21,610,268 21,610, % Total Operating Expenses 23,297,952 2,924,171 2,924, % Total Other Charges 1,494,737 87,327 87, % Total Acquisitions and Major Repairs 845, , , % TOTAL 106,298,521 24,821, ,821, % by Function Instruction 0 0 Research 47,552,292 11,465,728 11,465, % Public Service 39,594,458 9,212,712 9,212, % Academic Support (Includes Library) 3,513, , , % Academic Expenditures Subtotal 90,660,349 21,578, ,578, % Student Services 0 0 Institutional Support 11,260,134 2,061,952 2,061, % Scholarships/Fellowships 0 0 Plant Operations/Maintenance 4,378,038 1,119,953 1,119, % Hospital 0 0 Transfers out of agency 0 61,617 61,617 Athletics 0 0 Other 0 0 Non-Academic Expenditures Subtotal 15,638, ,243, ,243, % TOTAL 106,298,521 24,821, ,821, % Discuss significant ifi revenues collected and expenses incurred variances in relation to the budget. No significant revenues collected and expenses incrred variances. 36 P:\Financial Quarterly Reports\ \1stQtr\AG_ _Quarterly Revenues and Expenditures /23/2009

39 Overview of Unrestricted Revenues and Expenditures Campus: LSU Agrcultural Center P:\Financial Quarterly Reports\ \1stQtr\AG_ _Quarterly Revenues and Expenditures /23/

40 Overview of Restricted Funds Campus: LSU Agrcultural Center Actual Revenues/Transfers for each Quarter Estimated Revenues & Transfers 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Revenues & Transfers % Collected State Appropriations 0 Restricted Fees 0 Sales and Services of Educational Activities 486, , , % Auxiliaries (List) Endowment Income 65,117 22,932 22, % Grants and Contracts Federal 7,697, , , % State and Local 9,891,967 3,921,405 3,921, % Private 7,352,108 1,925,959 1,925, % Indirect Cost Recovered 1,898, , , % Gifts 2,159, , , % Federal Funds 0 Hospitals Hospital - Commercial/Self-Pay 0 Physician Practice Plans 0 Medicare 0 Medicaid 0 Uncompensated Care Costs (UCC) 0 All Other Sources 6,067,960 4,296,192 4,296, % TOTAL 35,619,772 11,930, ,930, % 38 P:\Financial Quarterly Reports\ \1stQtr\AG_ _Quarterly Revenues and Expenditures /23/2009

41 Overview of Restricted Funds Campus: LSU Agrcultural Center Report on Quarterly Activities The first quarter of All Other Sources of Restricted Funds appears to be high due to a large royalty payment. This large royalty payment was due to an exceptionally good year for one licensed technology along with a newly negotiated increase in the royalty rate on that same technology. The Estimated Revenues of the All Other Sources, which is based on FY 2009 revenues, included last year s royalty income which was down due to issues related to seed production for the Clearfield rice technology. 39 P:\Financial Quarterly Reports\ \1stQtr\AG_ _Quarterly Revenues and Expenditures /23/2009

42 Overview of Restricted Operations Campus: LSU Agrcultural Center Actual Amount for each Quarter Show Expenditures As Positive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expenses, Expenses, Expenses, Expenses, Acct/Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Restricted State Appropriations Restricted Fees Sales & Svcs of Educ. Activ's 1,209, ,779 1,030, , , , ,834 Auxiliaries (List) Endowment Income 216,834 22,932 41, , , , ,992 Grants and Contracts Federal (114,989) 369,043 1,790,418 (1,536,364) 0 (1,536,364) 0 (1,536,364) 0 (1,536,364) State and Local 313,449 3,921,405 2,202,273 2,032, ,032, ,032, ,032,581 Private 758,247 1,925,959 1,356,275 1,327, ,327, ,327, ,327,931 Indirect Cost Recovered 6,733, , ,142 6,886, ,886, ,886, ,886,948 Gifts 4,042, , ,758 4,279, ,279, ,279, ,279,437 Federal Funds Hospitals Hospital - Commercial/Self-Pay Physician Practice Plans Medicare Medicaid Uncompensated Care Costs All Other Sources 9,118,084 4,296,192 13,414, ,414, ,414, ,414,275 TOTAL 22,277,366 11,930,554 7,149,287 27,058, ,058, ,058, ,058, P:\Financial Quarterly Reports\ \1stQtr\AG_ _Quarterly Revenues and Expenditures /23/2009

43 41

44 42

45 Operating Budget Development Campus: Budget Adjustments Louisiana State University Shreveport Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 12,748,339 12,748, % Statutory Dedications 766, , % Interim Emergency Board 0 Interagency Transfers 0 Interagency Transfers - Federal Stimulus 3,043,779 3,043, % Self Generated Revenues 14,011,180 14,011, % Federal Funds 0 Total Revenues 30,569, ,569, % Expenditures by Object: Total Personal Services 22,827,475 22,827, % Total Operating Expenses 3,437,980 3,437, % Total Other Charges 4,058,579 4,058, % Total Acquisitions and Major Repairs 245, , % Total Expenditures 30,569, ,569, % % change to Beg Op. Budget Expenditures by Function: Instruction 14,124,426 14,124, % Research 65,258 65, % Public Service 0 0 Academic Support (Includes Library) 3,384,337 3,384, % Academic Expenditures Subtotal 17,574, ,574,021 Student Services 2,364,054 2,364, % Institutional Support 4,667,129 4,667, % Scholarships/Fellowships 2,689,004 2,689, % Plant Operations/Maintenance 3,161,264 3,161, % Hospital 0 0 Transfers out of agency 113, , % Athletics 0 0 Other 0 Non-Academic Expenditures Subtotal 12,995, ,995,306 Total Expenditures 30,569, ,569, % Use next page for Detailed Explanation 43

46 Operating Budget Development Campus: Louisiana State University Shreveport Budget Adjustments Narrative Variance Analysis and Program Adjustments. Explain any funds moving from academic to non-academic. No budget adjustments were necessary. Report on changes to Significant Funding Issues At this time the budget appears to be on target with our expectations. 44

47 Overview of Unrestricted Revenues and Expenditures Revenues Campus: Louisiana State University Shreveport Actual Amount for each Quarter Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Total % Actual to Budget General Fund 12,748,339 3,888,804 3,888, % Statutory Dedications 766, , , % Interim Emergency Board Interagency Transfers Interagency Transfers - Federal Stimulus 3,043, % Self Generated Revenues 14,011,180 6,725,411 6,725, % Federal Funds 0 0 TOTAL 30,569,327 10,719, ,719, % Expenditures by Category Total Personal Services 22,827,475 5,570,957 5,570, % Total Operating Expenses 3,437, , , % Total Other Charges 4,058, ,290,837 1,290, % Total Acquisitions and Major Repairs 245,293 56,711 56, % TOTAL 30,569,327 7,846, ,846, % by Function Instruction 14,124,426 3,346,425 3,346, % Research 65,258 21,069 21, % Public Service Academic Support (Includes Library) 3,384, , , % Academic Expenditures Subtotal 17,574,021 4,283, ,283, % Student Services 2,364, , , % Institutional Support 4,667,129 1,458,543 1,458, % Scholarships/Fellowships 2,689, , , % Plant Operations/Maintenance 3,161,264 1,154,548 1,154, % Hospital 0 0 Transfers out of agency 113, % Athletics 0 0 Other 0 0 Non-Academic Expenditures Subtotal 12,995,306 3,562, ,562, % TOTAL 30,569,327 7,846, ,846, % 45 P:\Financial Quarterly Reports\ \1stQtr\LSUS Quarterly Report FY as of (2) 12/2/2009

48 Overview of Unrestricted Revenues and Expenditures Campus: Louisiana State University Shreveport Discuss significant revenues collected and expenses incurred variances in relation to the budget. At this point in time, it appears that the budget is on track with our origianal projections. It is still early in the budget cycle and as the year progresses we will have a better picture of how the budget will go. 46 P:\Financial Quarterly Reports\ \1stQtr\LSUS Quarterly Report FY as of (2) 12/2/2009

49 Overview of Restricted Funds Campus: Louisiana State University Shreveport Actual Revenues/Transfers for each Quarter Estimated Revenues & Transfers 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Cumulative Revenues & Transfers % Collected State Appropriations 0 Restricted Fees 782, , , % Sales and Services of Educational Activities 0 Auxiliaries (List) 1 - Almagest - Student Fees 17, % 2 - Almagest - Self Generated University Center - Student Fees 352, , , % 4 - University Center - Self Generated 99,000 12,214 12, % 5 - Food Service 350,500 68,154 68, % 6 - Bookstore 1,713, , , % 7 - University Court Apartments - Lease Athletics - Self Generated 130,500 14,158 14, % 9 - Athletics - Student Fees 1,184, , , % Endowment Income 0 Grants and Contracts Federal 6,600,000 2,452,866 2,452, % State and Local 4,500, , , % Private 467, ,226 Indirect Cost Recovered 175, % Gifts 240,000 57,702 57, % Federal Funds 0 Hospitals Hospital - Commercial/Self-Pay 0 Physician Practice Plans 0 Medicare 0 Medicaid 0 Uncompensated Care Costs (UCC) 0 All Other Sources 325, , , % TOTAL 16,470,765 5,984, ,984, % 47 P:\Financial Quarterly Reports\ \1stQtr\LSUS Quarterly Report FY as of (2) 12/2/2009

50 Overview of Restricted Funds Campus: Louisiana State University Shreveport Report on Quarterly Activities The review of our restricted operations shows some negative cash flow issues that are easily explained. Almagest Student Fees. The deficit will be removed when we make a transfer of funds from the student activity fee. The Almagest is our student newspaper and is funded primarilty from the student activity fee. Food Service. This deficit will be covered from profits from the Bookstore operation. Our food service operation is operated by the university and not bleased to a outside firm. We have tried this, but it was not financially feasable to the university as all of our requests for proposals were returned with charging the university a rather large manangement fee. We found that it would be cheaper to operate and that we would have more control over the operation if the university ran the operation. Federal Grants. This is a cash flow issue only. Federal grants require LSUS to actually expend funds and then get reimbursed. We have made the request to the various Federal agencies involved for reimbursement. State Grants. This is also a cash flow issue. State grants generally require the institution to expend the funds and then get reimbursed. We have made the request to the various state agencies for reimbursement. 48 P:\Financial Quarterly Reports\ \1stQtr\LSUS Quarterly Report FY as of (2) 12/2/2009

51 Overview of Restricted Operations Campus: Louisiana State University Shreveport Actual Amount for each Quarter Show Expenditures As Positive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expenses, Expenses, Expenses, Expenses, Acct/Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Transfers, & ICR Fund Balance Revenues Restricted State Appropriations Restricted Fees 604, , , , , , ,556 Sales & Svcs of Educ. Activ's Auxiliaries (List) 1 - Almagest - Student Fees 0 0 8,078 (8,078) 0 (8,078) 0 (8,078) 0 (8,078) 2 - Almagest - Self Generated University Center - Student Fees 0 136,481 80,185 56, , , , University Center - Self Generated 0 12,214 12, , , , Food Service (280,773) 68,154 88,195 (300,814) 0 (300,814) 0 (300,814) 0 (300,814) 6 - Bookstore 1,981, , ,721 1,842, ,842, ,842, ,842, University Court Apartments - Lea 13, , , , , Athletics - Self Generated 176,981 14,158 46, , , , , Athletics - Student Fees 237, , , , , , , Endowment Income Grants and Contracts Federal 68,473 2,452,866 3,090,846 (569,507) 0 (569,507) 0 (569,507) 0 (569,507) State and Local 272, ,871 1,690,912 (621,932) 0 (621,932) 0 (621,932) 0 (621,932) Private 1,167, , ,456 1,147, ,147, ,147, ,147,529 Indirect Cost Recovered 610, , , , , ,250 Gifts 119,915 57,702 57, , , , ,930 Federal Funds Hospitals Hospital - Commercial/Self-Pay Physician Practice Plans Medicare Medicaid Uncompensated Care Costs All Other Sources 876, ,495 64,454 1,024, ,024, ,024, ,024,513 TOTAL 5,848,124 5,984,143 7,123,904 4,708, ,708, ,708, ,708, P:\Financial Quarterly Reports\ \1stQtr\LSUS Quarterly Report FY as of (2) 12/2/2009

52 50

53 51

54 Operating Budget Development Campus: Budget Adjustments Louisiana State University at Alexandria Beginning Operating Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Adjusted Operating Budget Revenues General Fund 8,700, ,700, % Statutory Dedications 342, , % Interim Emergency Board 0 0 Interagency Transfers 0 0 Interagency Transfers - Federal Stimulus 2,469, ,469, % Self Generated Revenues 8,379, ,379, % Federal Funds Total Revenues 19,890, ,890, % Expenditures by Object: Total Personal Services 15,758, ,758, % Total Operating Expenses 2,822, ,822, % Total Other Charges 1,222, ,222, % Total Acquisitions and Major Repairs 87, , % Total Expenditures 19,890, ,890, % Expenditures by Function: Instruction 8,426, ,426, % Research Public Service Academic Support (Includes Library) 1,108, ,108, % Academic Expenditures Subtotal 9,535, ,535,437 Student Services 1,105, ,105, % Institutional Support 6,086, ,086, % Scholarships/Fellowships 755, , % Plant Operations/Maintenance 2,408, ,408, % Hospital Transfers out of agency Athletics Other 0 Non-Academic Expenditures Subtotal 10,355, ,355,477 Total Expenditures 19,890, ,890, % % change to Beg Op. Budget Use next page for Detailed Explanation 52