FY2014 Unrestricted Opera ons Budget vs. Actual

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1 Unrestricted Opera ons Budget vs. Actual (Based on internal budget format)

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3 UNIVERSITY OF MAINE SYSTEM UNRESTRICTED OPERATIONS The UMS Unrestricted are comprised of two general categories and six unrestricted funds as follows: a) Unrestricted Annual comprised of E&G, Designated, and Auxiliary funds are budgeted on a fiscal year basis and; b) Other Unrestricted Activities comprised of Cost Sharing, MAFES/CE University Funding, and Short term multiyear initiatives are not budgeted on a fiscal year basis as these activities are project based and may span multiple fiscal years. For, the UMS experienced a positive net increase from unrestricted operations of $ million; the equivalent of 2.5% of the annual operating budget. It should be noted, however, that this includes $8.280 in net temporary investment income above budget and $4.393 million for employee benefits. Governance & University Services positive results reflect administrative savings and strategic funds that are being carried forward to FY2015. Institution Budgeted Annual Other Unrestricted Activities Net Unrestricted Increase (Decrease) UMaine $ 600,633 ($666,644) ($ 66,011) UMA 687,239 ( 147,089) 540,150 UMF 116,661 ( 32,076) 84,585 UMFK 132,520 ( 132,385) 135 UMM 862 ( 862) 0 UMPI (1,402,555) ( 41,719) (1,444,274) USM 473,038 ( 110,283) 362,755 Governance & University Services 1,008, ,579 1,145,937 Temporary Investment Income 8,279,524 8,279,524 Employee Benefits 4,392,808 4,392,808 TOTAL $14,289,088 ($993,479) $13,295,609 Major factors impacting the year end results: The temporary investment income budget is $2.8 million. UMS earned $11.08 net of expenses and transfers for a total budget to actual positive variance of $8.28 million. Of these funds, $6.0 million was transferred to the Budget Stabilization Fund and $2.28 million will be utilized in FY16 to provide one time funding of campus strategic initiatives and necessary support. The Budget Stabilization Fund has a balance of $21 million. However, based on the FY15 approved annual operating budget, up to $9.997 million may be transferred by the Treasurer to offset FY15 net unrestricted operating losses. The employee benefits costs were $4.392 less than budgeted. Of this amount, $3.592 million or 82% of the overall employee benefits variance is attributable to the year end actuarial adjustment for postemployment benefit costs for medical due to a new insurance provider, plan changes, and contributions to the OPEB trust which lower the unfunded actuarial accrued liability. Since the System is self insured for all medical claims not subject to medicare, it is recommended that the System maintain a reserve equal to three to six months of expected claims and expenses or approximately $17 million to $34 million. The reserve balance as of 6/30/14 is $24.9 million. UMS Spring enrollments were 3.9% (846 FTE) below budget, but enrollments are above budget at UMaine (1.0% or 82 FTE) and UMFK (1.4% or 10 FTE). Enrollments for Fall 2013 were 1.8% (414 FTE) below budget, but enrollments were above budget at UMaine (3.7% or 336 FTE) and UMFK (5.9% or 45 FTE). The average UMS enrollment for the two semesters was 2.8% or 630 FTE below budget. UMS Spring residence hall occupancy was 5.5% (335 students) below budget. Residence hall occupancy for Fall 2013 was 0.7% (45 students) below budget. The average UMS residence hall occupancy for the two semesters was 3.1 % (189 students) below budget but was above budget at UMaine (3.3% or 109 students). Tuition, fees, dining, and residence hall revenues (net of financial aid) were $5.474 million or 2% below budget as a result of the lower enrollments and residence hall occupancy. 1

4 University of Maine System FTE ENROLLMENT FY2013 VARIANCE ACTUALS BUDGET ACTUALS # % Fall UMaine 9,041 9,020 9, % UMA 2,862 2,781 2,713 (68) (2.4%) UMF 1,896 1,891 1,807 (84) (4.4%) UMFK % UMM (54) (9.1%) UMPI (135) (13.8%) USM 6,871 6,914 6,460 (454) (6.6%) Total 22,993 22,940 22,526 (414) (1.8%) Spring UMaine 8,388 8,473 8, % UMA 2,770 2,694 2,592 (102) (3.8%) UMF 1,771 1,744 1,702 (42) (2.4%) UMFK % UMM (68) (11.7%) UMPI (113) (12.4%) USM 6,282 6,550 5,937 (613) (9.4%) Total 21,347 21,651 20,805 (846) (3.9%) Average UMaine 8,715 8,747 8, % UMA 2,816 2,738 2,653 (85) (3.1%) UMF 1,834 1,818 1,755 (63) (3.5%) UMFK % UMM (61) (10.4%) UMPI (124) (13.1%) USM 6,577 6,732 6,199 (534) (7.9%) Total 22,170 22,296 21,666 (630) (2.8%) 2

5 University of Maine System RESIDENCE HALL OCCUPANCY FY2013 VARIANCE ACTUALS BUDGET ACTUALS # % Fall UMaine 3,348 3,348 3, % UMA % UMF 947 1, (98) (9.8%) UMFK % UMM (52) (19.2%) UMPI (24) (8.4%) USM 1,158 1,200 1,117 (83) (6.9%) Total 6,230 6,314 6,269 (45) (0.7%) Spring UMaine 3,173 3,246 3, % UMA % UMF (160) (16.4%) UMFK (21) (11.1%) UMM (31) (13.1%) UMPI (57) (20.0%) USM 1,094 1,134 1,055 (79) (7.0%) Total 5,803 6,065 5,730 (335) (5.5%) Average UMaine 3,261 3,297 3, % UMA % UMF (129) (13.1%) UMFK (6) (3.0%) UMM (42) (16.5%) UMPI (40) (14.0%) USM 1,126 1,167 1,086 (81) (6.9%) Total 6,018 6,190 6,001 (189) (3.1%) 3

6 UNIVERSITY OF MAINE SYSTEM Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $270,339,687 $272,317,725 $268,667,441 ($3,650,284) (1.3%) 57,551,890 60,976,962 60,042,361 (934,601) (1.5%) (51,901,244) (54,111,156) (55,000,047) (888,891) 1.6% 275,990, ,183, ,709,755 (5,473,776) (2.0%) 176,159, ,694, ,694, % 77,924,687 64,030,119 78,354,162 14,324, % $530,074,590 $521,908,448 $530,758,715 $8,850, % $341,631,345 $352,878,048 $348,136,122 $4,741, % 19,918,455 21,586,972 21,675,969 (88,997) (0.4%) Supplies & Services 41,119,294 36,568,762 38,744,637 (2,175,875) (6.0%) Travel 6,417,271 6,087,049 6,468,596 (381,547) (6.3%) Memb., Contrib. & Sponsorships 2,092,116 1,312,689 1,273,045 39, % Other /Transfers Total 7,663,720 7,099,904 6,329, , % 28,141,544 30,669,802 29,740, , % 76,184,880 72,159,232 73,042,250 (883,018) (1.2%) $523,168,625 $528,362,458 $525,411,056 $2,951, % $6,905,965 ($6,454,010) $5,347,659 $11,801,669 Plus $6,905,965 ($6,454,010) $5,347,659 $11,801,669 (182.9%) 28,141,544 30,669,802 29,740,895 (928,907) (3.0%) (16,216,283) (14,582,801) (10,726,242) 3,856,559 (26.4%) (9,208,408) (9,596,510) (10,073,224) (476,714) 5.0% Net Change in Cash $9,622,818 $36,481 $14,289,088 $14,252,607 1,011,213 $10,634,031 $36,481 $14,289,088 Cost Sharing (797,261) 122,838 MAFES/CE (UMAINE) 442,759 76,712 Short term, multi year initiatives (222,297) (1,193,029) Total ($576,799) ($993,479) $10,057,232 $36,481 $13,295,609 Total Operating & Transfers by Functional Category Instruction $164,090, % $167,672, % $166,872, % Research 15,658, % 16,465, % 16,277, % Public Service 22,216, % 22,398, % 23,672, % Academic Support 61,695, % 64,736, % 62,223, % Student Services 44,027, % 43,224, % 43,352, % Institutional Support 73,094, % 59,647, % 69,459, % Physical Plant 66,805, % 73,631, % 69,834, % Student Aid (50,268) 0.0% 2,557, % 342, % Auxiliary Enterprises 79,499, % 80,535, % 78,757, % Pooled Costs (3,173,236) 0.6% 0.0% (4,468,128) 0.8% Subtotal $523,864, % $530,867, % $526,324, % Compensation Adjustment (696,084) (2,505,334) (913,490) Total $523,168,625 $528,362,458 $525,411,056 4

7 UMaine Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $122,585,272 $125,472,306 $129,751,354 $4,279, % 33,127,579 34,505,547 36,027,593 1,522, % (33,192,040) (34,662,195) (36,348,758) (1,686,563) 4.9% 122,520, ,315, ,430,189 4,114, % 81,075,943 81,992,553 81,992, % 45,533,889 41,553,263 45,200,389 3,647, % $249,130,643 $248,861,474 $256,623,131 $7,761, % $150,423,991 $150,467,499 $154,340,551 ($3,873,052) (2.6%) 11,484,102 12,474,509 12,431,892 42, % Supplies & Services 18,869,270 18,586,576 21,928,251 (3,341,675) (18.0%) Travel 3,246,023 3,150,824 3,329,736 (178,912) (5.7%) Memb., Contrib. & Sponsorships 958, , ,710 16, % Other /Transfers Total 3,888,831 3,663,602 3,200, , % 13,566,163 15,240,922 14,684, , % 48,019,163 48,078,176 51,184,808 (3,106,632) (6.5%) $250,455,958 $252,122,988 $261,545,169 ($9,422,181) (3.7%) ($1,325,315) ($3,261,514) ($4,922,038) ($1,660,524) Plus ($1,325,315) ($3,261,514) ($4,922,038) ($1,660,524) 50.9% 13,566,163 15,240,922 14,684,859 (556,063) (3.6%) (6,965,282) (7,041,254) (3,991,984) 3,049,270 (43.3%) (4,708,223) (4,938,154) (5,170,204) (232,050) 4.7% Net Change in Cash $567,343 $0 $600,633 $600, ,767 $735,110 $0 $600,633 Cost Sharing (696,479) 320,090 MAFES/CE University Funds Only 442,759 76,712 Short term, multi year initiatives 415,767 (1,063,446) Total $162,047 ($666,644) $897,157 $0 ($66,011) Total Operating & Transfers by Functional Category Instruction $64,494, % $70,467, % $67,771, % Research 14,032, % 14,879, % 14,715, % Public Service 18,399, % 18,602, % 19,689, % Academic Support 23,981, % 26,228, % 25,293, % Student Services 17,703, % 19,163, % 19,058, % Institutional Support 35,797, % 23,100, % 35,787, % Physical Plant 30,968, % 34,727, % 33,001, % Student Aid (1,160,062) 0.5% 1,120, % (847,127) 0.3% Auxiliary Enterprises 46,091, % 46,158, % 47,188, % Subtotal $250,307, % $254,449, % $261,659, % Compensation Adjustment 148,958 (2,326,049) (114,524) Total $250,455,958 $252,122,988 $261,545,169 5

8 UMA Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $26,145,335 $24,024,244 $24,057,852 $33, % (2,922) (2,922) #DIV/0! (2,717,849) (2,379,920) (2,002,599) 377,321 (15.9%) 23,427,627 21,644,324 22,052, , % 13,919,184 13,866,709 13,866, % 2,440,067 2,109,408 2,152,526 43, % $39,786,878 $37,620,441 $38,071,566 $451, % $28,041,831 $27,370,222 $27,329,620 $40, % 861, , , , % Supplies & Services 3,732,023 4,266,703 4,164, , % Travel 225, , ,157 (31,739) (15.3%) Memb., Contrib. & Sponsorships 97, ,105 83,018 25, % Other /Transfers Total 76,420 70,061 69, % 1,352,366 1,381,955 1,367,897 14, % 3,831,162 3,492,786 3,267, , % $38,218,952 $37,874,285 $37,384,326 $489, % $1,567,926 ($253,844) $687,240 $941,084 Plus $1,567,926 ($253,844) $687,240 $941,084 (370.7%) 1,352,366 1,381,955 1,367,897 (14,058) (1.0%) (1,253,016) (820,088) (1,077,710) (257,622) 31.4% (277,635) (290,188) (290,188) 0 0.0% Net Change in Cash $1,389,641 $17,835 $687,239 $669, ,842 $1,689,483 $17,835 $687,239 Cost Sharing (71,760) (1,206) Short term, multi year initiatives (130,397) (145,883) Total ($202,157) ($147,089) $1,487,326 $17,835 $540,150 Total Operating & Transfers by Functional Category Instruction $15,434, % $14,478, % $15,283, % Research 0.0% 0.0% % Public Service 250, % 106, % 126, % Academic Support 7,115, % 6,947, % 6,724, % Student Services 4,551, % 4,719, % 4,665, % Institutional Support 4,863, % 4,697, % 4,872, % Physical Plant 5,165, % 5,006, % 4,934, % Student Aid 14, % 87, % (1,210) 0.0% Auxiliary Enterprises 1,755, % 1,752, % 1,627, % Subtotal $39,151, % $37,796, % $38,233, % Compensation Adjustment (932,287) 77,511 (849,350) Total $38,218,952 $37,874,285 $37,384,326 6

9 UMF Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $20,348,617 $20,367,979 $19,431,309 ($936,670) (4.6%) 7,924,097 9,144,806 7,800,082 (1,344,724) (14.7%) (3,027,914) (2,838,321) (3,338,617) (500,296) 17.6% 25,244,800 26,674,464 23,892,774 (2,781,690) (10.4%) 10,168,440 10,275,346 10,275, % 2,253,910 2,063,464 2,069,422 5, % $37,667,150 $39,013,274 $36,237,542 ($2,775,732) (7.1%) $26,241,280 $25,665,863 $25,425,254 $240, % 1,785,513 2,261,166 1,831, , % Supplies & Services 5,125,310 6,301,676 5,847, , % Travel 622, , ,469 (41,886) (7.2%) Memb., Contrib. & Sponsorships 103,230 96,983 91,437 5, % Other /Transfers Total 353, , ,801 29, % 1,726,146 1,699,760 1,708,495 (8,735) (0.5%) 1,798,324 1,667,655 1,520, , % $37,756,513 $38,609,821 $37,353,726 $1,256, % ($89,363) $403,453 ($1,116,184) ($1,519,637) Plus ($89,363) $403,453 ($1,116,184) ($1,519,637) (376.7%) 1,726,146 1,699,760 1,708,495 8, % (1,075,030) (1,712,093) (79,394) 1,632,699 (95.4%) (369,421) (386,257) (396,256) (9,999) 2.6% Net Change in Cash $192,332 $4,863 $116,661 $111, ,630 $292,962 $4,863 $116,661 Cost Sharing 0 0 Short term, multi year initiatives (28,150) (32,076) Total ($28,150) ($32,076) $264,812 $4,863 $84,585 Total Operating & Transfers by Functional Category Instruction $14,466, % $14,629, % $14,529, % Research 2, % 1, % % Public Service 10, % 8, % 13, % Academic Support 3,113, % 3,017, % 3,095, % Student Services 4,003, % 3,857, % 4,177, % Institutional Support 2,350, % 2,365, % 2,307, % Physical Plant 4,676, % 4,869, % 4,477, % Student Aid 401, % 516, % 408, % Auxiliary Enterprises 8,813, % 9,516, % 8,395, % Subtotal $37,837, % $38,782, % $37,406, % Compensation Adjustment (81,236) (172,641) (52,382) Total $37,756,513 $38,609,821 $37,353,726 7

10 UMFK Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $7,340,019 $6,931,529 $7,367,842 $436, % 1,419,686 1,429,870 1,593, , % (1,112,345) (1,018,876) (1,352,091) (333,215) 32.7% 7,647,360 7,342,523 7,608, , % 4,262,405 4,281,462 4,281, % 472, , , , % $12,381,770 $11,924,729 $12,511,800 $587, % $9,122,847 $8,982,888 $9,067,224 ($84,336) (0.9%) 699, , ,739 (124,439) (19.7%) Supplies & Services 1,434,178 1,495,492 2,054,747 (559,255) (37.4%) Travel 275, , ,186 (159,742) (63.8%) Memb., Contrib. & Sponsorships 45,761 41,010 51,607 (10,597) (25.8%) Other /Transfers Total 281, , ,834 34, % 541, , ,440 16, % 381,104 (56,844) (571,700) 514,856 (905.7%) $12,781,641 $12,289,335 $12,662,077 ($372,742) (3.0%) ($399,871) ($364,606) ($150,277) $214,329 Plus ($399,871) ($364,606) ($150,277) $214,329 (58.8%) 541, , ,440 (16,082) (2.4%) (39,324) (1,700) (38,416) (36,716) % (295,030) (305,227) (335,227) (30,000) 9.8% Net Change in Cash ($192,715) $989 $132,520 $131,531 56,112 ($136,603) $989 $132,520 Cost Sharing 142,367 (131,797) Short term, multi year initiatives (5,764) (588) Total $136,603 ($132,385) $0 $989 $135 Total Operating & Transfers by Functional Category Instruction $4,554, % $4,529, % $4,741, % Research % 15, % 15, % Public Service 181, % 136, % 368, % Academic Support 1,129, % 1,171, % 1,170, % Student Services 1,767, % 1,816, % 1,923, % Institutional Support 1,476, % 1,495, % 1,192, % Physical Plant 1,749, % 1,715, % 1,757, % Student Aid 100, % 137, % 150, % Auxiliary Enterprises 1,873, % 1,347, % 1,525, % Subtotal $12,831, % $12,364, % $12,845, % Compensation Adjustment (49,977) (75,525) (183,095) Total $12,781,641 $12,289,335 $12,662,077 8

11 UMM Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $5,769,615 $6,049,889 $5,239,251 ($810,638) (13.4%) 2,051,415 2,142,180 1,897,906 (244,274) (11.4%) (2,216,058) (2,009,968) (1,761,554) 248,414 (12.4%) 5,604,972 6,182,101 5,375,603 (806,498) (13.0%) 4,228,054 4,183,377 4,183, % 485, , ,020 (18,580) (3.8%) $10,318,706 $10,852,078 $10,027,000 ($825,078) (7.6%) $6,988,324 $7,067,102 $6,921,894 $145, % 708, , ,437 (56,639) (8.0%) Supplies & Services 1,558,228 1,702,510 1,816,376 (113,866) (6.7%) Travel 270, , ,169 59, % Memb., Contrib. & Sponsorships 77,843 82,912 35,326 47, % Other /Transfers Total 133, , ,334 11, % 548, , ,671 11, % 398, ,452 (14,797) 702, % $10,682,920 $11,181,253 $10,373,410 $807, % ($364,214) ($329,175) ($346,410) ($17,235) Plus ($364,214) ($329,175) ($346,410) ($17,235) 5.2% 548, , ,671 (11,534) (2.1%) (33,527) (51,050) (21,419) 29,631 (58.0%) (177,551) (178,980) (178,980) 0 0.0% Net Change in Cash ($27,164) $0 $862 $862 25,629 ($1,535) $0 $862 Cost Sharing 0 0 Short term, multi year initiatives 1,535 (862) Total $1,535 ($862) $0 $0 $0 Total Operating & Transfers by Functional Category Instruction $3,553, % $3,295, % $3,321, % Research 12, % 3, % 6, % Public Service 136, % 165, % 51, % Academic Support 1,011, % 1,151, % 1,065, % Student Services 1,657, % 1,756, % 1,630, % Institutional Support 656, % 1,197, % 391, % Physical Plant 1,584, % 1,444, % 1,722, % Student Aid 45, % 63, % 40, % Auxiliary Enterprises 2,024, % 2,088, % 2,133, % Subtotal $10,682, % $11,165, % $10,362, % Compensation Adjustment 0 15,747 10,742 Total $10,682,920 $11,181,253 $10,373,410 9

12 UMPI Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $8,182,834 $8,085,481 $7,011,294 ($1,074,187) (13.3%) 2,117,422 2,135,104 1,959,725 (175,379) (8.2%) (1,212,622) (1,238,287) (1,154,595) 83,692 (6.8%) 9,087,634 8,982,298 7,816,424 (1,165,874) (13.0%) 6,268,347 6,338,938 6,338, % 1,172, , , , % $16,528,368 $15,916,080 $15,075,174 ($840,906) (5.3%) $11,488,322 $10,792,141 $11,197,624 ($405,483) (3.8%) 1,057,961 1,209,277 1,277,028 (67,751) (5.6%) Supplies & Services 1,922,625 1,962,853 2,241,493 (278,640) (14.2%) Travel 316, , ,477 32, % Memb., Contrib. & Sponsorships 67,445 63,342 57,483 5, % Other /Transfers Total 75,704 73,012 63,423 9, % 840, , ,041 (8,774) (1.1%) 1,304,877 1,216,633 1,178,561 38, % $17,073,935 $16,495,001 $17,169,130 ($674,129) (4.1%) ($545,567) ($578,921) ($2,093,956) ($1,515,035) Plus ($545,567) ($578,921) ($2,093,956) ($1,515,035) 261.7% 840, , ,041 8, % (47,523) (192,367) (83,661) 108,706 (56.5%) (53,777) (53,979) (58,979) (5,000) 9.3% Net Change in Cash $193,279 $0 ($1,402,555) ($1,402,555) 44,571 $237,850 $0 ($1,402,555) Cost Sharing (2,023) (1,681) Short term, multi year initiatives (35,742) (40,038) Total ($37,765) ($41,719) $200,085 $0 ($1,444,274) Total Operating & Transfers by Functional Category Instruction $5,927, % $5,624, % $5,863, % Research 4, % 0.0% 0.0% Public Service 244, % 134, % 287, % Academic Support 1,664, % 1,573, % 1,597, % Student Services 2,226, % 2,392, % 2,234, % Institutional Support 1,862, % 1,506, % 2,081, % Physical Plant 2,658, % 3,208, % 2,862, % Student Aid 24, % 121, % 11, % Auxiliary Enterprises 2,476, % 2,374, % 2,211, % Subtotal $17,089, % $16,936, % $17,150, % Compensation Adjustment (15,811) (441,411) 18,537 Total $17,073,935 $16,495,001 $17,169,130 10

13 USM Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $79,967,995 $81,386,297 $75,808,539 ($5,577,758) (6.9%) 10,911,550 11,619,455 10,766,741 (852,714) (7.3%) (8,389,089) (9,923,200) (9,000,424) 922,776 (9.3%) 82,490,456 83,082,552 77,574,856 (5,507,696) (6.6%) 40,763,904 41,476,891 41,476, % 14,950,617 13,005,924 12,589,745 (416,179) (3.2%) $138,204,977 $137,565,367 $131,641,492 ($5,923,875) (4.3%) $98,652,494 $97,893,714 $94,782,169 $3,111, % 3,261,096 3,266,662 3,693,932 (427,270) (13.1%) Supplies & Services 12,397,572 15,526,568 14,228,299 1,298, % Travel 1,312,870 1,114,507 1,190,097 (75,590) (6.8%) Memb., Contrib. & Sponsorships 363, , ,480 75, % Other /Transfers Total 2,704,546 2,424,219 2,202, , % 6,433,390 6,789,005 6,660, , % 11,353,996 11,468,479 9,255,270 2,213, % $136,479,914 $138,884,537 $132,339,155 $6,545, % $1,725,063 ($1,319,170) ($697,663) $621,507 Plus $1,725,063 ($1,319,170) ($697,663) $621,507 (47.1%) 6,433,390 6,789,005 6,660,928 (128,077) (1.9%) (5,201,597) (2,668,316) (2,501,837) 166,479 (6.2%) (2,686,771) (2,788,725) (2,988,390) (199,665) 7.2% Net Change in Cash $270,085 $12,794 $473,038 $460, ,662 $586,747 $12,794 $473,038 Cost Sharing 7,846 (1,490) Short term, multi year initiatives (192,691) (108,793) Total ($184,845) ($110,283) $401,902 $12,794 $362,755 Total Operating & Transfers by Functional Category Instruction $55,659, % $54,646, % $55,361, % Research 1,606, % 1,566, % 1,538, % Public Service 2,992, % 3,244, % 3,134, % Academic Support 16,931, % 17,680, % 16,963, % Student Services 11,384, % 9,290, % 9,416, % Institutional Support 13,938, % 15,219, % 11,880, % Physical Plant 16,629, % 18,781, % 17,444, % Student Aid 559, % 551, % 577, % Auxiliary Enterprises 16,465, % 17,297, % 15,676, % Subtotal $136,168, % $138,279, % $131,993, % Compensation Adjustment 311, , ,382 Total $136,479,914 $138,884,537 $132,339,155 11

14 TEMPORARY INVESTMENT INCOME Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual 9,419,048 2,800,000 13,079,378 10,279, % $9,419,048 $2,800,000 $13,079,378 $10,279, % Supplies & Services 35,052 56,205 (56,205) Travel 206 1,381 (1,381) Memb., Contrib. & Sponsorships Other /Transfers Total 3,078,697 2,800,000 3,842,268 (1,042,268) (37.2%) $3,113,955 $2,800,000 $3,899,854 ($1,099,854) (39.3%) $6,305,093 $0 $9,179,524 $9,179,524 Plus $6,305,093 $9,179,524 $9,179, (45,523) (900,000) (900,000) Net Change in Cash $6,259,570 $0 $8,279,524 $8,279,524 0 $6,259,570 $0 $8,279,524 Cost Sharing Short term, multi year initiatives Total $0 $0 $6,259,570 $0 $8,279,524 Total Operating & Transfers by Functional Category Instruction 0.0% 0.0% 0.0% Research 0.0% 0.0% 0.0% Public Service 0.0% 0.0% 0.0% Academic Support 0.0% 0.0% 0.0% Student Services 0.0% 0.0% 0.0% Institutional Support 3,113, % 2,800, % 3,899, % Physical Plant 0.0% 0.0% 0.0% Student Aid 0.0% 0.0% 0.0% Auxiliary Enterprises 0.0% 0.0% 0.0% Subtotal $3,113, % $2,800, % $3,899, % Compensation Adjustment Total $3,113,955 $2,800,000 $3,899,854 12

15 GOVERNANCE & UNIVERSITY SERVICES and EMPLOYEE BENEFITS Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual (33,327) (40,389) (41,409) (1,020) 2.5% (33,327) (40,389) (41,409) (1,020) 2.5% 15,473,293 16,279,522 16,279, % 1,197,084 1,115,872 1,253, , % $16,637,050 $17,355,005 $17,491,632 $136, % $10,672,256 $24,638,619 $19,071,786 $5,566, % 60,131 62,225 61, % Supplies & Services (3,954,964) (13,273,616) (13,592,868) 319,252 (2.4%) Travel 146, , ,924 14, % Memb., Contrib. & Sponsorships 377,774 58, ,984 (125,910) (216.8%) 150, , , % 3,133,695 3,501,166 3,280, , % Other /Transfers Total 6,019,158 2,804,895 3,379,967 (575,072) (20.5%) $16,604,837 $18,105,238 $12,684,209 $5,421, % $32,213 ($750,233) $4,807,423 $5,557,656 Plus $32,213 ($750,233) $4,807,423 $5,557,656 (740.8%) 3,133,695 3,501,166 3,280,564 (220,602) (6.3%) (1,555,461) (2,095,933) (2,031,821) 64,112 (3.1%) (640,000) (655,000) (655,000) 0 0.0% Net Change in Cash $970,447 $0 $5,401,166 $5,401,166 $970,447 $0 $5,401,166 Cost Sharing (177,212) (61,078) Short term, multi year initiatives (246,855) 198,657 $4,392,808 Employee Benefits $1,008,358 Gov & Univ. Serv. Total ($424,067) $137,579 $546,380 $0 $5,538,745 $4,392,808 Employee Benefits $1,145,937 Gov & Univ. Serv. Total Operating & Transfers by Functional Category Instruction 0.0% 0.0% 0.0% Research 0.0% 0.0% 0.0% Public Service 0.0% 0.0% 0.0% Academic Support 6,747, % 6,964, % 6,314, % Student Services 733, % 225, % 244, % Institutional Support 9,036, % 7,264, % 7,046, % Physical Plant 3,374, % 3,878, % 3,633, % Student Aid (35,909) 0.2% (40,389) 0.2% 2, % Auxiliary Enterprises 0.0% 0.0% 0.0% Pooled Costs (3,173,236) 19.0% 0.0% (4,468,128) 35.0% Subtotal $16,682, % $18,293, % $12,773, % Compensation Adjustment (77,384) (188,444) (88,800) Total $16,604,837 $18,105,238 $12,684,209 13

16 University of Maine System Travel & Contributions Travel, Meals & Entertainment Memberships, Gifts, Donations & Sponsorships Annual YTD Actual vs Budget Annual YTD Actual vs Budget Base Budget Actuals $ % Base Budget Actuals $ % E&G/Auxiliary $6,087,049 $6,468,596 (381,547) (6.3%) $1,312,689 $1,273,046 39, % Restricted/Other 3,709,292 4,235,310 (526,018) (14.2%) 392, ,084 (37,608) (9.6%) Total $9,796,341 $10,703,906 ($907,565) (9.3%) $1,705,165 $1,703,130 $2, % Public Law 2011, Chapter 616 requires periodic reporting of the actual travel & contribution costs to the Board of Trustees 14