Operating Ancillary SFA Research Capital Endowment

Transcription

1 2018/19 Compehensive Budget & Forecast Schedule 1: Comprehensive Financial Statement Based Budget & Forecast (as at July 31, 2018) Figures in thousands of $ Operating Ancillary SFA Research Capital Endowment Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Subsidiaries Total Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Revenues Advanced Education Funding Letter 317, , ,243 1, ,046 27, , ,751 - All Other Grants & Contracts 121, ,989 2, , ,506-2,240 2, , ,078 2,858 Tuition & Student Fees 153, , , , Investment Income 19,290 19, ,334 7,334-6,507 6,507-2,144 2,144-7,282 7,282-42,567 42, Gifts and Grants 2,330 6,356 4, ,876 4,876-7,301 7,301-4,225 8,248 4,023 6,576 6,576-25,308 33,357 8,049 All Other Revenues 57,186 57, ,013 64,420 1, , ,663 1,844 Total 671, ,425 8,089 63,123 64,530 1,407 14,060 14, , ,492-35,655 39,678 4,023 13,936 13, , ,121 13,519 Expenses Salary & Benefits 483, ,042 1,481 10,756 10, ,500 1,500-76,537 76, , ,794 1,522 Interest Expense ,812 1, ,817 1,817 - Scholarships & Bursaries 4,255 4,787 (532) ,319 24,319-18,158 18, ,732 47,264 (532) Amortization ,498 80, ,498 80,498 - All Other Expenses 185, ,173 (3,292) 32,180 32,846 (666) ,707 49,707-2,134 2, , ,290 (3,958) Total 673, ,007 (2,343) 42,936 43,561 (625) 26,240 26, , ,402-84,444 84, , ,663 (2,968) Excess (Deficiency) of Revenues over Expenses (2,328) 3,418 5,746 20,187 20, (12,180) (12,180) - 38,090 38,090 - (48,789) (44,766) 4,023 13,927 13,927-8,907 19,458 10,551 Planned Interfund Transfers (33,392) (37,200) (3,808) (18,016) (18,244) (228) 13,834 13,834 - (25,443) (24,567) ,419 61,579 3,160 4,598 4, Net Change in Fund Balance (35,720) (33,782) 1,938 2,171 2, ,654 1,654-12,647 13, ,630 16,813 7,183 18,525 18, ,907 19,458 10,551 Available Fund Balance, Start of Year 98,047 98,047 (24,612) (24,612) 57,909 57, , ,090 65,590 65, , , , ,177 - Invested in Capital Assets ,426,373 1,426, ,426,373 1,426,373 98,047 98,047 (24,612) (24,612) 57,909 57, , ,090 1,491,963 1,491, , , ,323,550 2,323,550 Fund Balance, End of Year 62,327 64,265 (22,441) (21,887) 59,563 59, , ,613 1,501,593 1,508, , , ,332,457 2,343,008

2 2018/19 Compehensive Budget & Forecast Schedule 2: Comprehensive Funds Flow Based Budget & Forecast (as at July 31, 2018) Figures in thousands of $ Operating Ancillary SFA Research Capital Endowment Subsidiaries Total Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Budget (Annual) Forecast (Annual) Variance Advanced Education Funding Letter 317, , ,243 1, ,046 27, , ,751 - All Other Grants & Contracts 111, ,558 2, , ,395-2,229 2, ,554 9, , ,079 2,859 Tuition & Student Fees 153, , , , Investment Income 18,996 19, ,334 7,334-6,507 6,507-2,144 2,144-7,282 7, ,567 42, Gifts and Grants 2,346 6,373 4, ,876 4,876-7,301 7,301-4,225 8,248 4,023 6,576 6,576 - (16) (16) - 25,308 33,358 8,050 Debt Proceeds All Other 57,010 57, ,013 64,420 1, , ,663 1,844 Total 661, ,541 8,091 63,123 64,530 1,407 14,060 14, , ,381-35,644 39,667 4,023 13,936 13,936-10,008 10, , ,123 13,521 Salary & Benefits 482, , ,399 11,399-1,500 1,500-63,942 63, ,278 19, , , Interest Expense ,811 7, ,816 7,816 - Scholarships & Bursaries 4,255 4,787 (532) ,319 24,319-18,158 18, ,732 47,264 (532) Capital Expenditures 11,767 12,882 (1,115) 2,901 2, ,506 11,506-86,923 85,656 1, , , Principal Payment on Debt ,316 11, ,316 11,316 - Contribution to Sinking Fund Pension Special Payment 6,780 3,339 3, ,780 3,339 3,441 Internal Fee For Service Paid (57,832) (65,283) 7,451 (4,282) (4,559) ,715 20, (41,399) (49,127) 7,728 All Other 215, ,962 (9,626) 35,647 36,548 (901) ,858 63, (10,115) (10,115) - 305, ,676 (10,527) Total 662, ,731 (19) 45,665 46,289 (624) 26,244 26, , , , ,783 1, ,168 9,168-1,028,027 1,027, Excess (Deficiency) of over (1,262) 6,810 8,072 17,458 18, (12,184) (12,184) - 4,202 4,202 - (70,406) (65,116) 5,290 13,927 13, (47,425) (33,280) 14,145 Planned Interfund Transfers (42,396) (45,091) (2,695) (15,288) (15,516) (228) 13,838 13,838-11,075 11, ,173 30,219 2,046 4,598 4, Net Change in Fund Balance (43,658) (38,281) 5,377 2,170 2, ,654 1,654-15,277 16, (42,233) (34,897) 7,336 18,525 18, (47,425) (33,280) 14,145 Available Fund Balance, Start of Year 83,121 83,121 (24,612) (24,612) 57,909 57, , ,090-65,590 65, , ,153-14,926 14, , ,177 -

3 Sub-Schedule A: Comprehensive Funds Flow Based Budget & Forecast by Responsibility Centre (as at July 31, 2018) Fugures in thousands of $ President & Secretary VP Academic VP Finance VP Research VP Uni Relation Agriculture Arts & Science Edwards School of Bus Dentistry Education Engineering Saskatchewan Ministry of Advanced Ed Grant , , , ,751 All Other Grants & Contracts 190 3,736 2,343 58,131-44,355 18, ,552 7,397 1,017 1, ,439 1,603 4,554 8,163 2,181 2, ,353 9, , ,220 Tuition & Student Fees 2,053 3, , , , , ,937 Investment Income 252 5,554 2, ,753 2,365 1, , ,340 2, , , ,877 42,567 Gifts, Grants & Bequests 902 2,455 8,251 7, , , , , (16) 33,358 25,308 Operating Allocation All Other 6,133 41, ,917 27,216 8,182 21,588 71,804 13,581 8,201 10,729 18,630 4,794 6, ,681 18,240 6,925 39,535 3,661 2,683 2,283 (417,602) , ,819 Total 9,530 57, ,327 93,726 8,974 75,079 93,952 18,022 9,434 13,005 30,397 8,622 10, ,729 20,477 12,415 50,895 5,949 5,688 2,770 77,540 10, , ,602 Kinesiology Law Medicine Nursing Pharmacy Veterinary Medicine Sch Env & Sustain Sch of Public Policy Sch of Public Health Central / Institutional Subsidiaries Forecasted Total Budgeted Total Salary & Benefits 4,784 45,226 84,263 27,156 9,641 39,761 83,328 14,651 7,031 11,853 26,063 7,941 7, ,560 17,592 10,041 33,243 4,883 4,296 2,568 8,358 19, , ,525 Interest Expense - - 7, ,816 7,816 Scholarships & Bursaries 867 9, , ,349 11,274 1, , , ,711 1,210 1, ,264 46,732 Capital Expenditures ,611 2, ,023 2, , , , , , ,108 Principal Payment on Debt , ,316 11,316 Contribution to Sinking Fund Pension Special Payment ,339-3,339 6,780 Internal Fee For Service Paid (14) (3,651) (29,888) (6,534) (35) (3,019) (399) - (11) (300) 35 1, (7,863) - (49,127) (41,399) All Other 4,171 8,130 56,762 52,355 2,475 19,281 8,981 3,514 2,673 1,918 3,029 1,178 1,310 89,740 2,682 2,123 13,481 1, ,320 (10,115) 315, ,149 Total 9,933 59, ,885 77,040 12,144 62, ,746 19,398 9,536 14,610 35,106 9,520 10, ,566 20,954 13,406 52,725 7,785 6,528 3,361 59,273 9,168 1,027,403 1,028,027 Excess (Deficiency) of Revenue over Expenses (403) (1,985) (52,558) 16,686 (3,170) 12,684 (12,794) (1,376) (102) (1,605) (4,709) (898) 245 4,163 (477) (991) (1,830) (1,836) (840) (591) 18, (33,280) (47,425) Planned Interfund Transfers ,011 15,287 (19,547) 183 2,500 4, , (2,397) 1, , (22,622) Forecasted Net Change in Fund Balance (5) 8,026 (37,271) (2,861) (2,987) 15,184 (8,053) (1,074) 13 (962) (2,560) (353) 674 1, (342) 1,560 (1,142) (70) (240) (4,355) 840 (33,280) (47,425) Budgeted Net Change in Fund Balance 224 7,481 (43,728) (762) (2,869) 14,435 (7,440) (1,081) (668) (915) (3,590) (177) 829 (662) (210) (206) 1,274 (1,132) (127) (443) (8,498) 840 (47,425) (47,425) Fund Balance, Start of Year 6, ,332 43, ,393 10, ,216 81,484 29, ,877 66,992 4,548 29, ,598 10,274 16,568 68,618 7,011 7,186 1,913 (30,417) 14, , ,177

4 Sub-Schedule A: Comprehensive Funds Flow Based Budget & Forecast by Responsibility Centre - Operating (as at July 31, 2018) Fugures in thousands of $ President & Secretary VP Academic VP Finance VP Research VP Uni Relation Agriculture Arts & Science Edwards School of Bus Dentistry Education Saskatchewan Ministry of Advanced Ed Grant , , ,462 All Other Grants & Contracts 190 3, , , ,293-22, , ,699 Tuition & Student Fees 2,053 3, , , , , ,937 Investment Income ,562 19,306 18,996 Gifts, Grants & Bequests , ,373 2,346 Debt Proceeds All Other 6,118 41,028 62,497 27,206 8,182 21,542 71,678 13,581 8,201 10,729 18,647 4,794 6, ,568 18,239 6,923 39,508 3,661 2,683 2,283 (417,602) 57,447 57,010 Total 8,861 48,332 62,618 30,645 8,490 22,905 73,369 16,249 9,273 11,682 20,313 7,534 8, ,736 19,073 8,296 40,585 3,741 4,204 2,298 77, , ,450 Engineering Kinesiology Law Medicine Nursing Pharmacy Veterinary Medicine Sch Env & Sustain Sch of Public Policy Sch of Public Health Central / Institutional Forecasted Total Budgeted Total Salary & Benefits 4,784 45,189 72,864 16,139 9,641 17,894 74,635 14,422 6,999 11,295 20,488 7,296 7,161 99,706 17,296 8,529 30,184 3,885 3,265 2,015 8, , ,406 Interest Expense Scholarships & Bursaries (2) , , ,787 4,255 Capital Expenditures , , ,121 12,882 11,767 Principal Payment on Debt Contribution to Sinking Fund Pension Special Payment ,339 3,339 6,780 Internal Fee For Service Paid (14) (3,670) (25,329) (16,841) (35) (6,820) (1,416) (46) (400) (122) (482) (356) - (700) (15) (132) (895) (51) (83) (14) (7,862) (65,283) (57,832) All Other 4,171 7,986 20,219 20,582 2,475 7,546 3,747 3,273 2,672 1,540 1,559 1,011 1,201 83,624 2,123 1,074 9, , , ,336 Total 9,066 50,207 68,818 20,532 12,138 19,466 78,800 17,901 9,457 12,767 21,941 8,067 8, ,973 19,446 9,498 41,626 4,233 3,949 2,106 59, , ,712 Excess (Deficiency) of Revenue over Expenses (205) (1,875) (6,200) 10,113 (3,648) 3,439 (5,431) (1,652) (184) (1,085) (1,628) (533) 328 (237) (373) (1,202) (1,041) (492) ,269 6,810 (1,262) Planned Interfund Transfers (40) 1,434 1,709 (11,123) 133 (3,769) (1,259) 81 9 (37) (771) 137 (448) (8,194) 1, (1,095) (81) (218) (231) (22,622) (45,091) (42,396) Forecasted Net Change in Fund Balance (245) (441) (4,491) (1,010) (3,515) (330) (6,690) (1,571) (175) (1,122) (2,399) (396) (120) (8,431) 792 (1,076) (2,136) (573) 37 (39) (4,353) (38,281) (43,658) Budgeted Net Change in Fund Balance (14) (1,036) (3,059) 469 (3,398) (675) (5,737) (1,561) (848) (1,047) (3,370) (196) 53 (10,507) (338) (913) (2,285) (523) 30 (217) (8,486) (43,658) (43,658) Fund Balance, Start of Year 969 5,138 (174) 26, ,703 14,151 8,665 (820) 2,150 7,605 2,219 4,100 2,323 5,660 1,216 6,919 1,376 3, (30,417) 83,121 83,121

5 Sub-Schedule B: Supplementary Operating Fund Budget & Forecast Details (as at July 31, 2018) Figures in Thousands of $ Resource Allocation Budget (Operating Budget) Resource Allocation Forecast (Operating Budget) Variance All Other Operating Budget (including Subsidiaries) All Other Operating Forecast (including Subsidiaries) Variance Total Operating Fund Budget Total Operating Fund Forecast Advanced Education Funding Letter 317, , , ,462 - All Other Grants & Contracts 23,102 23, ,597 91,449 2, , ,558 2,859 Tuition & Student Fees 146, , ,803 7, , , Investment Income 14,571 14,571-4,425 4, ,996 19, Gifts and Grants ,191 6,149 3,958 2,346 6,373 4,027 All Other 1,162 1, ,848 56, ,010 57, Total 502, , , ,241 7, , ,541 8,091 Salary & Benefits 385, ,602 1,337 96,467 97,442 (975) 482, , Interest Expense Scholarships & Bursaries 3,485 3,748 (263) 770 1,039 (269) 4,255 4,787 (532) Capital Expenditures 8,669 9,006 (337) 3,098 3,876 (778) 11,767 12,882 (1,115) Principal Payment on Debt Pension Special Payment 6,780 3,339 3, ,780 3,339 3,441 Internal Fee For Service Paid (21,233) (26,789) 5,556 (36,599) (38,494) 1,895 (57,832) (65,283) 7,451 All Other 125, ,315 (3,209) 90,230 96,647 (6,417) 215, ,962 (9,626) Total 508, ,221 6, , ,510 (6,544) 662, ,731 (19) Excess (Deficiency) of Revenue over Expenses (6,160) 1,079 7,239 4,898 5, (1,262) 6,810 8,072 Planned Interfund Transfers (23,794) (23,765) 29 (18,602) (21,326) (2,724) (42,396) (45,091) (2,695) Funding Required from Responsibility Centres and Other Sources 23,459 18,578 (4,881) (23,459) (18,578) 4, Net Change in Fund Balance (6,495) (4,108) 2,387 (37,163) (34,173) 2,990 (43,658) (38,281) 5,377 Fund Balance, Start of Year (12,405) (12,405) 95,526 95,526 83,121 83,121 Variance

6 Sub-Schedule C: Supplementary Capital Fund Budget & Forecast Details (as at July 31, 2018) Figures in Thousands of $ Capital Current Year Budget Current Year Forecast Variance Grants & Contracts Advanced Education Funding Letter 27,046 27,046 - Other Grants & Contracts 2,229 2,229 - Investment Income 2,144 2,144 - Gifts and Grants 4,225 8,248 4,023 Other Revenues Debt Proceeds Interfund Transfers From Operating 4,023 6,069 2,046 Ancillary 11,321 11,321 - Research 12,829 12,829 - Student Financial Aid Endowment Subtotal: Interfund Transfers 28,173 30,219 2,046 Total 63,817 69,886 6,069 Top 10 Major Projects (Based on Total Project Cost)* University of Saskatchewan Health Sciences Project (construction) 14,950 13,683 (1,267) RenewUS Projects (planning) 9,572 9,572 - Collaborative Science Research Building (construction) 6,000 6,000 - Ice Facility Development (construction) 12,000 12,000 - Livestock & Forage Centre of Excellence (construction) 2,000 2,000 - Northern Gateway - PA Nursing (planning) WCVM PET-CT, Cancer Centre & Ongology (planning) 6,500 6,500 - College Quarter Development (planning) 5,670 5,670 - Sport Science and Health Centre (construction) 1,500 1,500 - Murray Library Transformation Phase 3 (planning) Subtotal: Top 10 Major Projects 58,741 57,474 (1,267) All Other Major Projects (<$500,000) Projects in Planning 2,600 2,600 - Projects in Development 1,100 1,100 - Projects under Construction 3,474 3,474 - Substantially Complete Projects Subtotal: All Other Major Projects 7,334 7,334 - Minor Projects Preventative Maintenance and Renewal 9,600 9,600 - Strategic Capital Renewal College / Unit Minor Capital 11,073 11,073 - Other Minor Capital Subtotal: Minor Capital / PMR 20,848 20,848 - Capitalization Principal Payment on Debt 11,316 11,316 - Bond Coupon Payment/Trustee, etc. 2,998 2,998 - Interest Expense 4,813 4,813 - Contribution to Sinking Fund Other Capitalization Expenses Subtotal: Capitalization 19,127 19,127 - Total 106, ,783 (1,267) - Net Change in Fund Balance (42,233) (34,897) 7,336 Net Capital Position Fund Balance, Start of Year 65,590 65,590 - *Total cost and project status at time of Comprehensive Budget Approval