KEY FINANCIAL INDICATORS REPORT

Transcription

1 THE UNIVERSITY OF TEXAS SYSTEM KEY FINANCIAL INDICATORS REPORT U. T. SYSTEM BOARD OF REGENTS MEETING MAY 9 10, 2017 Agenda Book 316

2 YEARTODATE 2016 AND 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT AND PROJECTED 2017 YEAREND FY 2016 U. T. Health Institutions Projected ($ in millions) Clinical Revenues $ 3, , ,382.7 Sponsored Programs 1, , ,140.5 State Appropriations ,219.2 Net Tuition and Fees Auxiliary Revenues/Sales & of Educational Activities Net Investment Income Other Operating Revenues Gift Contributions for Operations Total Revenues 5, , ,091.0 Salaries and Wages 2, , ,729.2 Payroll Related Costs ,567.2 All Other Operating Expenses Materials and Supplies ,526.7 Depreciation and Amortization Other Contracted Professional Fees and Interest Exp. on Cap. Asset Financing Utilities Total Expenses $ 5, , ,618.4 Adjusted Income (Loss) , , 3, ,535.5 COMPARISON OF REVENUES FEBRUARY FY 2016 TO ($ IN MILLIONS) 1, , Clinical Revenues Sponsored Programs & Nonexchange SP State Appropriations Net Tuition & Fees Auxiliary Revenues/S&S Net Investment Income of Educational Activities Other Operating Revenues Gift for Operations 3, COMPARISON OF EXPENSES FEBRUARY FY 2016 TO ($ IN MILLIONS) 2, , Salaries & Wages Payroll Related Costs All Other Operating Expenses Materials & Supplies Depreciation & Amortization Other Contracted Professional Fees & Interest Expense Utilities Agenda Book 317

3 YEARTODATE 2016 AND 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT AND PROJECTED 2017 YEAREND FY 2016 U. T. Academic Institutions Projected ($ in millions) Clinical Revenues $ Sponsored Programs ,363.4 State Appropriations ,089.1 Net Tuition and Fees ,577.0 Auxiliary Revenues/Sales & of Educational Activities Net Investment Income/Available University Fund (AUF) Other Operating Revenues Gift Contributions for Operations Total Revenues 2, , ,717.7 Salaries and Wages 1, , ,526.8 Payroll Related Costs All Other Operating Expenses Materials and Supplies Depreciation and Amortization Other Contracted Professional Fees and Interest Exp. on Cap. Asset Financing Utilities Total Expenses $ 2, , ,654.7 Adjusted Income (Loss) COMPARISON OF REVENUES FEBRUARY FY 2016 TO ($ IN MILLIONS) Clinical Revenues Sponsored Programs & Nonexchange SP State Appropriations Net Tuition & Fees Aux Rev/S&S of Ed Act Net Investment Income/AUF Other Operating Revenues Gift for Operations 1, 1, 1, ,231.8 COMPARISON OF EXPENSES FEBRUARY FY 2016 TO ($ IN MILLIONS) Salaries & Wages Payroll Related Costs All Other Operating Expenses Materials & Supplies Depreciation & Amortization Other Contracted Professional Fees & Interest Expense Utilities Agenda Book 318

4 YEARTODATE 2016 AND 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT AND PROJECTED 2017 YEAREND U. T. System Administration ($ in millions) FY 2016 Projected Sponsored Programs $ State Appropriations Sales & of Educational Activities Net Investment Income/AUF Other Operating Revenues Gift Contributions for Operations Total Revenues Salaries and Wages Payroll Related Costs All Other Operating Expenses Materials and Supplies Depreciation and Amortization Other Contracted Professional Fees and Interest Exp. on Cap. Asset Financing Utilities Total Expenses $ Adjusted Income (Loss) Excluding Other Postemployment Benefits (OPEB), Pension Exp., & Elimination of AUF Transfer to U. T. Austin Increase in Net OPEB Obligation Pension Expense Elimination of AUF Transfer to U. T. Austin Adjusted Income (Loss) (571.0) (575.3) (1,273.3) COMPARISON OF REVENUES FEBRUARY FY 2016 TO ($ IN MILLIONS) Sponsored Programs & Nonexchange SP State Appropriations S&S of Educational Activities Net Investment Income/AUF Other Operating Revenues Gift for Operations COMPARISION OF EXPENSES FEBRUARY FY 2016 TO ($ IN MILLIONS) Salaries & Wages Payroll Related Costs All Other Operating Expenses Materials & Supplies Depreciation & Amortization Other Contracted Professional Fees & Interest Expense 0.2 Utilities 0.2 Agenda Book 319

5 YEARTODATE 2016 AND 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT AND PROJECTED 2017 YEAREND U. T. Consolidated ($ in millions) FY 2016 Projected Clinical Revenues $ 3, , ,385.0 Sponsored Programs 1, , ,541.6 State Appropriations 1, , ,310.8 Net Tuition and Fees ,732.8 Auxiliary Revenues/Sales & of Educational Activities ,053.0 Net Investment Income/AUF Other Operating Revenues Gift Contributions for Operations Total Revenues 8, , ,867.9 Salaries and Wages 3, , ,335.7 Payroll Related Costs 1, , ,277.8 All Other Operating Expenses ,890.3 Materials and Supplies ,814.5 Depreciation and Amortization ,402.4 Other Contracted Professional Fees and Interest Exp. on Cap. Asset Financing Utilities Total Expenses $ 8, , ,648.3 Adjusted Income (Loss) Excluding OPEB & Pension Exp Increase in Net OPEB Obligation Pension Expense Adjusted Income (Loss) (137.9) (253.8) (737.7) COMPARISON OF REVENUES FEBRUARY FY 2016 TO ($ IN MILLIONS) 4, , 3, , , , , , Clinical Revenues Sponsored Programs & Nonexchange SP State Appropriations Net Tuition & Fees Aux Rev/S&S of Ed Act Net Investment Income/AUF Other Operating Revenues Gifts for Operations 4, 4, , ,220.3 COMPARISON OF EXPENSES FEBRUARY FY 2016 TO ($ IN MILLIONS) 3, 1, , Salaries & Wages Payroll Related Costs All Other Operating Expenses Materials & Supplies Depreciation & Amortization Other Contracted Professional Fees & Interest Expense Utilities Agenda Book 320

6 YEARTODATE 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT 10, , , , , , , ,173.0 U. T. Consolidated (Excluding OPEB & Pension Expense) 8, U. T. System Administration (Excluding OPEB, Pension Exp. & AUF elimination) U. T. Arlington U. T. Austin 1, 1, , , 1, 96.4 U. T. Dallas () (7.0) U. T. El Paso () (11.3) U. T. Permian Basin U. T. Rio Grande Valley Agenda Book 321

7 YEARTODATE 2017 FROM FEBRUARY MONTHLY FINANCIAL REPORT 2 U. T. San Antonio U. T. Tyler () (6.8) 10.0 (10.0) (1.9) 1, 1, U. T. Southwestern Medical Center 1, , , U. T. Medical BranchGalveston 1, , , 58.4 () (9.1) U. T. HSCHouston U. T. HSCSan Antonio U. T. M. D. Anderson U. T. HSCTyler 2, , () (9.9) Agenda Book 322

8 PUF / AUF / ILP Update For Quarter Ending March 31, 2017 PUF / AUF ILP Projected AUF Spending ($millions) Prior Current Prior Current Prior Current FY17 FY18 FY19 Other PUF Debt Service System Admin UT Austin Other UT Austin Base (20) (40) PUF Debt Capacity (FY17FY22 $millions) Prior Quarter Range 52 Current Quarter Target Summary of ILP Funding ($millions) FY16 FY17 FY18 FY19 ILP Funding Available ILP Funding Committed Changes to PUF/AUF Since Prior Quarter PUF investment returns outperformed projections (4.2% act vs 1.6% proj) PUF land receipts of $160M exceeded projection of $125M FY17 Peoplesoft/SIS AUF approved for $13.6M FY18 campus auditor costs of $5.1M shifted back to campuses in exchange for $15.4M of capital funding (proposed for Board consideration in May 2017) Summary of ILP Funding FY17 ILP Available Funding: $15,000,000 Proposed ILP Funding Commitments: Student Success/QL#9 ($10,000,000) U. T. Network for Nat l Sec. ($500,000) Remaining FY17 ILP Available $4,500,000 PUF Permanent University Fund AUF Available University Fund ILP Internal Lending Program Agenda Book 323