FY17 Fourth Quarter Financial Report. September 7, 2017 Committee on Budget and Finance

FY17 Fourth Quarter Financial Report September 7, 2017 Committee on and Finance

Overview 1. s were $21.1 million (2.0%) lower than projections. 2. Expenditures were $66.9 million (6.3%) lower than projections. 3. Projections made at the start of FY17 estimated a Net Operating Income loss of $11.7 million. However, actual Net Operating Income posted a $34.0 million gain. Largely driven by expenditure controls in FY17 Net positive NOI contributed from multi-campus / multi-unit / multi-fund. Individual campus or unit may results may be nominal. 4. TFSF was lower than projected for all campuses with exception of West O ahu. 2

Net Operating Income vs. $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- TFSF RTRF Other SF Other RF $(5,000,000) $(10,000,000) 3

s, Expenditures, and NOI for FY17 $340,000,000 $290,000,000 $240,000,000 $190,000,000 $140,000,000 $90,000,000 $40,000,000 $(10,000,000) TFSF RTRF Other SF Other RF s Expenditures NOI 4

s ( vs. ) $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- General Fund TFSF RTRF Other SF Other RF FY2017 FY2017 5

TFSF by Campus ( vs. ) $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- Mānoa Hilo West O ahu Community Colleges FY2017 FY2017 6

s (Historic Trend) $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- General Fund TFSF RTRF Other SF Other RF FY2014 FY2015 FY2016 FY2017 7

Expenditures ( vs. ) $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- General Fund TFSF RTRF Other SF Other RF FY2017 FY2017 8

Expenditures (Historic Trend) $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- General Fund TFSF RTRF Other SF Other RF FY2014 FY2015 FY2016 FY2017 9

Mānoa General Fund and TFSF 1. General Fund Non-Personnel Expenditures were $2.0 million (36%) lower than projected due to conservative budgeting. 2. TFSF s were $1.1 million (0.7%) lower than projections, reflecting the enrollment decrease. 3. TFSF Personnel Expenditures were $7.4 million (8%) lower than projections due to conservative budgeting. 4. Utility expenditures were $3.3 million (10%) lower than projections as a result of a transfer of $2.3 million to other funds at year-end and slightly lower usage. 10

Mānoa RTRF 1. RTRF was $2.3 million (8%) higher than projected due to awards from VPRI to Mānoa units that were not budgeted as revenue. 2. Variance in Personnel and Non-personnel Expenditures in RTRF is attributable to the difficulty in projecting the split between categories and the timing of expenditures between Fiscal Years. 3. Utility expenditures were $1.4 million (22%) lower than projected due to conservative budgeting, usage decline, and rates remaining stable. 11

Mānoa Other Special and Other Revolving 1. Other SF s were lower than projected because $17 million from the cigarette tax and barrel tax were recorded as transfers rather than revenue. 2. Other Special Fund Non-personnel Expenditures were lower primarily due to conservative budgeting in Athletics, Campus Services, and Student Housing. 3. Other RF s were $2.7 million (9%) lower than projections due to budgeting $2.1 million as a transfer rather than a reduction in revenue. UH Press revenues were $1 million below projections, and they operated at a small loss, but have sufficient fund balances to cover the reduction. 12

Hilo 1. TFSF Expenditures were lower than projections Personnel expenditures were $1.2 million (9%) lower due to delays in filling vacant positions in response to declining enrollment. Non-personnel expenditures were $4.6 million (31%) less than projections due to cautious spending in response to declining enrollment. Utility expenditures were $1.4 million (29%) lower due to decreased usage and lower than anticipated rate increase. 2. Had projected a net operating loss of $3.1 million, but actual net operating income was a gain of $3.8 million. 13

West O ahu 1. TFSF Non-Personnel Expenditures were $2.1 million (51%) lower than projected due to a number of one-time equipment and software purchases that were planned for FY17 but deferred to FY18. 2. Other Revolving Fund s were lower than projected largely due to a delay in the signing of an agreement for use of UHWO land. 3. Had projected a gain of $588,750, but actual operating gain was $3.3 million. 14

Community Colleges 1. Utilities Expenditures projected from TFSF were instead spent from General Funds, producing the variances for that expenditure category for those two funds. 2. TFSF Non-Personnel Expenditures were $6.7 million (20%) lower than projections due to adjustments in spending as a result of declining enrollment. 3. RTRF s were $549,493 (32%) higher than projections because an expected decline in activity of large consortium grants was less than originally anticipated. 4. Had projected net loss of $5.7 million but posted an actual net operating gain of $8.3 million 15

Systemwide Administration 1. TFSF was higher than projections by $842,391 due to higher than anticipated yield for investments. 2. TFSF Expenditures were lower than anticipated as some expenditures budgeted in TFSF were charged to the General Fund instead. 3. RTRF appears lower than projected by $3.4 million (28%) because actual revenue does not include an Accounts Receivable balance of $10.9 million. 16

Conclusion 1. Although s were lower than projections, Expenditures were also lower than projections by a larger amount. This resulted in a $34 million gain rather than the projected $11.7 million loss. 2. Must continue to be mindful of revenue trends. 3. Some FY17 expenditures were deferred to FY18. 4. Q1 FY18 Report in November 17

FY17 Fourth Quarter Financial Report

UNIVERSITY SYSTEM SUMMARY Introduction Although Fiscal Year 2016-17 (FY17) s were lower than projections for the Tuition and Fees Special Fund (TFSF), the Research and Training Revolving Fund (RTRF), Other Special Funds, and Other Revolving Funds, University of Hawai i (UH) expenditures were also lower than projections. This resulted in UH posting a net operating gain of $34.0 million across all funds instead of the projected $11.7 million loss. A graph showing budgeted and actual net operating income for the non-general fund categories for FY17 is provided: $25,000,000 FY17 Net Operating Income vs. $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- $(5,000,000) TFSF RTRF Other SF Other RF $(10,000,000) Difference TFSF $ (2,321,900) $ 24,334,278 $ 26,656,178 RTRF $ (2,178,703) $ (3,140,047) $ (961,344) Other SF $ (9,365,759) $ 9,790,802 $ 19,156,561 Other RF $ 2,139,472 $ 3,051,199 $ 911,727 All Funds $ (11,726,890) $ 34,039,291 $ 45,766,181 1

s The following chart shows non-general fund revenues through Q4 FY17, comparing budgeted and actual amounts. $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 FY17 vs. s $- TFSF RTRF Other SF Other RF FY17 FY17 FY17 FY17 Difference %age General Fund $ 467,089,656 $ 471,455,820 $ 4,366,164 0.9% TFSF $ 348,738,125 $ 345,645,620 $ (3,092,505) -0.9% RTRF $ 47,856,610 $ 47,283,464 $ (573,146) -1.2% Other SF $ 151,629,090 $ 133,790,916 $ (17,838,174) -11.8% Other RF $ 37,837,056 $ 33,825,203 $ (4,011,853) -10.6% All Funds $ 1,053,150,537 $ 1,032,001,023 $ (21,149,514) -2.0% The variance identified for Other Special Funds is primarily attributable to a procedural technicality. Income from the cigarette tax to the Cancer Center Special Fund and from the barrel tax to the Energy Systems Development Special Fund are recorded as transfers-in. However, when the budget was being formulated, those amounts were budgeted as revenue rather than transfers. This amount of the transfer is $14.5 million for the cigarette tax and $2.5 million for the barrel tax, totaling $17 million, which accounts for most of the variance. 2

s FY14-FY17 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- TFSF RTRF Other SF Other RF FY2014 FY2015 FY2016 FY17 The revenue trend is relatively positive for TFSF, although a flattening in the most recent two fiscal years is apparent. s for other fund categories remains relatively flat. In looking at Tuition & Fees Special Fund (TFSF) revenues in the aggregate across all campuses, TFSF revenue was slightly (0.89%) below projections: Tuition and Fees Special Fund (TFSF) s FY2017 Q4 Campus FY2017 FY2017 Difference %age Mānoa $ 225,844,393 $ 224,323,882 $ (1,520,511) -0.67% Hilo $ 38,094,416 $ 36,887,139 $ (1,207,277) -3.17% West O ahu $ 16,762,621 $ 17,330,885 $ 568,264 3.39% Community Colleges $ 67,296,325 $ 65,520,953 $ (1,775,372) -2.64% Systemwide Support $ 740,370 $ 1,582,761 $ 842,391 113.78% Total $ 348,738,125 $ 345,645,620 $ (3,092,505) -0.89% 3

Tuition and Fees Special Fund (TFSF) s for FY14-FY17 The following chart shows the historic trend for TFSF revenue by campus: $250,000,000 TFSF FY14-FY17 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- Mānoa Hilo West O ahu Community Colleges FY2014 FY2015 FY2016 FY2017 Campus FY2014 FY2015 FY2016 FY2017 Mānoa $ 205,433,835 $ 214,837,431 $ 225,456,509 $ 224,323,882 Hilo $ 36,905,653 $ 37,443,534 $ 37,224,613 $ 36,887,139 West O ahu $ 11,352,469 $ 13,576,921 $ 15,238,449 $ 17,330,885 Community Colleges $ 65,773,807 $ 66,798,904 $ 67,033,462 $ 65,520,953 Systemwide Support $ 771,479 $ 824,127 $ 959,647 $ 1,582,761 Total $ 320,237,242 $ 333,480,916 $ 345,912,679 $ 345,645,620 Total TFSF grew from FY14 through FY16 but decreased slightly in FY17. Of the academic campuses, only West O ahu showed revenue growth in FY17. 4

Expenditures Total expenditures across all fund categories were $66.9 million (6.3%) lower than projections. The following chart compares budgeted and actual expenditures: $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 FY17 Expenditures ( vs. ) $- General Fund TFSF RTRF Other SF Other RF Fund Difference %age General Fund $ 467,089,656 $ 471,452,761 $ 4,363,105 0.9% TFSF $ 351,060,025 $ 321,311,342 $ (29,748,683) -8.5% RTRF $ 50,035,313 $ 50,423,511 $ 388,198 0.8% Other SF $ 160,994,849 $ 124,000,114 $ (36,994,735) -23.0% Other RF $ 35,697,584 $ 30,774,004 $ (4,923,580) -13.8% Total $ 1,064,877,427 $ 997,961,732 $ (66,915,695) -6.3% The $66.9 million difference between budgeted and actual expenditures more than offset the $21.1 million difference in revenues, which turned the projected $11.7 million operating loss into a $34.0 million gain across all funds. 5

A historic trend of expenditures by fund category for the prior four fiscal years is provided below: $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 Expenditures FY14-17 $- General Fund TFSF RTRF Other SF Other RF FY2014 FY2015 FY2016 FY2017 Fund FY2014 FY2015 FY2016 FY2017 General Fund $ 391,272,639 $ 413,148,657 $ 441,372,790 $ 471,452,761 TFSF $ 346,224,523 $ 330,565,196 $ 313,648,021 $ 321,311,342 RTRF $ 57,062,035 $ 51,236,101 $ 51,505,159 $ 50,423,511 Other SF $ 144,257,467 $ 117,984,235 $ 134,246,598 $ 124,000,114 Other RF $ 32,762,611 $ 31,979,260 $ 30,694,116 $ 30,774,004 Total $ 971,579,275 $ 944,913,449 $ 971,466,684 $ 997,961,732 The primary source of expenditure growth in recent years has been from the General Fund. Other fund categories remain relatively steady. 6

MĀNOA General Fund Non-personnel costs were $2.0 million (36%) lower than projected due to conservative budgeting of costs. Performance fund allocations were released to campus units on November 15, 2016; therefore the projected split between personnel and nonpersonnel expenditures within this category was not known at the time the budget was developed. In addition, the amount of utilities charged to general funds varies depending on the amount of general funds available at the end of the year. As anticipated in the Q3 report, funds were reallocated for expenditure on utilities just prior to fiscal year-end. Tuition and Fees Special Fund revenues were $1,132,627 (0.5%) less than revenue amounts, reflecting the enrollment decrease experienced in. Personnel costs were lower than budgeted due to conservative projection of salaries (over-projected in comparison to actual). This resulted in some units realizing a net operating positive balance since they did not fully expend their current year allocations. Utilities costs were lower than projected due in part to the transfer of $2.3 million in costs to other funds at year-end. In addition, rates have been stable and usage has been slightly lower than the previous year, resulting in an overall reduction in actual costs compared to projections. The variance in budget to actual transfer amounts is due primarily to net transfers-out in amounts higher than projected for Outreach College ($1.8 million) and from UHM to System ($1 million). Research & Training Revolving Fund revenues were $2,274,574 (8%) higher than projected due to awards from the Vice President of Research and Innovation (VPRI) to Mānoa units that were not budgeted as revenue. RTRF budgets for personnel expenditures were under-projected for the year, while RTRF budgets for non-personnel expenditures were over-projected for the year. In both cases, the variances between projected and actual expenditures are attributable to the difficulty in projecting the split between categories of expenditures and the timing of expenditures between fiscal years. Most of the RTRF funds are associated with startup packages for PIs that cross fiscal years, and as such actual expenditures by category and within a fiscal year will vary depending on the needs of the PI. 7

Utility expenditures on RTRF are lower than projected due to conservative projections of cost. As with Tuition funds, rates have been stable and usage has been slightly lower than the previous year, resulting in an overall reduction in actual costs compared to projections. Transfer budgets for RTRF cash transfers were not entered on the BOR approved budget sheet due to an administrative oversight. Other Special Funds revenues are lower than projected due to $17 million in tax revenues that were budgeted as revenue but recorded as transfers-in from the State. These tax revenues are the cigarette tax (Cancer Center Special Fund, $14.5 million) and the barrel tax (Energy Systems Development Special Fund, $2.5 million). non-personnel costs are $14.7 million lower than projected primarily due to conservative projections of operating costs and delay of some renovation projects. The majority of the variance can be attributed to the following units: Athletics received $2.7 million in general funds that were used for operating expenses that were originally budgeted in the special fund. In addition, Athletics paid for $800,000 in scholarships with restricted funds instead of special funds as originally budgeted. Campus Services: Renovation projects for faculty housing units were projected to cost $2.3 million, but the actual expenditure for FY17 was $100,000. The majority of the renovation projects were delayed to achieve savings through economies of scale and to lessen the impact to the residents, by combining the planned renovations into one large project. Bookstore expenditures were $800,000 lower than projected, due to delay in planned renovations to the KCC bookstore ($350,000) and to savings in textbook costs ($400,000) stemming from greater use of ebooks, participation in the open education resource program (free course materials), and decreased enrollment. The Student Housing Undertakings Voluntary Reserve fund was projected to spend $2.9 million more on repair and maintenance work than was actually expended. In addition, the Student Housing Operations fund was projected to spend $1 million more than was actually expended. Approximately $800,000 less in barrel tax funds was expended than projected for non-personnel costs (various units). UH Cancer Center expended approximately $900,000 less than projected on non-personnel costs. net transfers for other special funds are $19 million less than projected, primarily due to the tax revenues that were budgeted as revenue but recorded as 8

transfers in ($17 million total). In addition, Outreach College had transfers-in of approximately $1.3 million more than was projected. Other Revolving Funds revenues are $2,682,092 lower than projected due to variances in revenues received for the Office of Student Affairs ($2.1 million) and UH Press (approximately $1 million). Office of Student Affairs had budgeted a transfer-out to distribute $2.1 million in Student Dining Services revenue to Student Life & Development and Student Housing, but instead recorded the distribution as a reduction in revenue. This change in recording method had no effect on the unit s net operating balance. UH Press ended the year with a small negative net operating balance, but had sufficient carryover funds to cover the revenue reduction. The majority of the variance in budget to actual transfer amounts is attributable to the method used to distribute Student Dining Services revenue to Student Life & Development and Student Housing, as discussed above. The distribution of $2.1 million was budgeted as a transfer-out but was instead recorded as a reduction in revenue. In addition, approximately $400,000 was projected as a transfer-in for Student Activities ASUH, but was instead recorded as revenue. Net Operating Income For all fund categories, net operating income was higher than projections. As a campus, Mānoa projected a loss of $3.4 million across all funds, but FY17 actual net operating income was a $24.7 million gain. 9

HILO Tuition and Fees Special Fund Personnel expenditures were $1,178,461 (9%) less than projected. The reduction in personnel expenditures is primarily due to the delay in filling vacant positions in response to declining enrollment. Non-personnel expenditures are $4,632,089 (31%) less than projected. The reduction in expenditure is a result of cautious spending throughout the year due to the declining enrollment trend. Also contributing to the lower expenditure is the timing of when encumbrances are liquidated and recorded as expenditures, as it is difficult to accurately project when payments are made for capital renewal and deferred maintenance (CRDM) projects. Utility expenditures are $1,365,082 lower than projected mainly due to a decrease in electricity usage and rates increased at a slower pace than projected. Net Operating Income For all fund categories, net operating income was higher than projections. Across the entire campus, Hilo had projected a loss of $3.1 million for FY17, but actual net operating income was a $3.8 million gain. 10

WEST O AHU Tuition and Fees Special Fund Non-personnel Expenditures were $2,077,065 (51%) lower than projections due to a number of one-time equipment and software purchases that were projected for FY17 but were deferred to FY18. Also, actual utilities costs were lower than projected due to the Tokai University assessment for water costs and being lower than projected utility rates and usage. Other Special Funds As UHWO realized actual expenditures would be less than projected during the fiscal year, campus decided to transfer an initial $250,000 of tuition revenue into the Repair & Replacement Reserve account. This transfer was not projected in the initial budget. In FY17, an additional $312,000 of tuition revenue was transferred to support additional merit aid provided to meet the cost of attendance for a number of unsubsidized loan recipients. Other Revolving Funds revenues were $685,988 (42%) less than projected. A large part of this variance was due to a delay in the signing of an agreement for use of UHWO land. This agreement is projected to be executed in FY18. In addition, student fees and facilities use revenues were less than projected which also contributed to the variance. Net Operating Income West O ahu projected a net operating gain of only $588,750. However, actual FY17 net operating income showed a gain of $3.3 million. 11

COMMUNITY COLLEGES General Funds General Fund expenditures for Utilities were higher than planned because electricity costs budgeted in the Tuition and Fees Special Fund (TFSF) were charged to the General Fund. Utility expenses overall were slightly lower than originally projected. Conversely, Non-personnel expenses were lower than projected because replacement equipment originally budgeted in General Funds were spent in TFSF. Tuition and Fees Special Fund TFSF expenditures for Non-Personnel were $6.7 million (20%) lower than projected due to adjustments in spending caused by a decline in enrollment. Expenditures for Utilities were lower than planned because electricity costs budgeted in TFSF were charged to the General Fund (see above). Research & Training Revolving Fund Research & Training Revolving Fund (RTRF) revenues were expected to decline due the winding down of activity associated with several large consortium grants, however, this decline in activity was less than originally anticipated. The variance in non-personnel expenditures was due to a combination of factors. The level and timing of operating expense needs in support of research and training grants are dependent on the supplemental funding needs of each individual grant and may change during the life of these projects. projections may be high in certain instances but are intended to provide projects with the flexibility and resources that are needed should grant requirements change. Other Special Funds Non-personnel expenditure variances are due to operational adjustments made to self-sustaining programs to deal with natural fluctuations in the demand for services. generating programs are implementing improved cost center based budgeting for revenues and expenses, in line with internal auditor recommendations. Other Revolving Funds The transfer variance is related to the transfer of funds from Other Special Funds to the Commercial Enterprise Revolving Fund to provide working capital for a new culinary venture. The culinary venture was an opportunity that became available after the initial budget was developed. Net Operating Income For all fund categories, net operating income was higher than projections. As a unit, the Community Colleges had projected a net operating loss of $5.7 million but posted a net operating gain of $8.3 million. 12

SYSTEMWIDE ADMINISTRATION General Funds Personnel and Non-Personnel expenditures originally budgeted in TFSF were charged to General Funds. However the increase in General Fund Personnel expenditures was offset by numerous retirements at the end of the calendar year and unanticipated resignations. There has been a subsequent delay in filling vacancies due to pending position re-descriptions that strategically align with recent reorganizations. Tuition and Fees Special Funds (TFSF) surpassed its projection due to interest income earned from the diversification in investments which gained a higher yield and a slight increase in TFSF cash balances. Personnel and Non-Personnel expenditures were less than anticipated, as expenditures originally budgeted in TFSF were charged to General Funds. The Utilities expenditure variance was the result of unbudgeted telecommunications payments to external vendors and unbudgeted internal UH Telecommunications charges. Research and Training Revolving Fund (RTRF) RTRF does not include an Accounts Receivable balance of $10,888,620. Once accounted for, actual FY17 revenue should be approximately $19.5 million, which is above projections. The and Transfer variances are attributed to direct requests from the campuses to the Office of the Vice President for Research and Innovation for RTRF to support special projects that could not be funded due to reductions in General Funds and TFSF. The Utilities expenditure variance was the result of unbudgeted telecommunications contract payments. Other Special Funds The variance in Non-personnel expenditures was due to an increase in settlement payments and legal expenses in the Risk Management Special Fund (RMSF) and unanticipated expenses in the Information Technology Services (ITS) Special Fund. Variances are inherent in the RMSF due to its self-insurance nature. It is difficult to accurately project the amount and timing of expenditures on the RMSF, as claims of loss, settlements, judgments, and legal expenses invariably fluctuate throughout the year. The successful procurement of network equipment and related services ahead of their anticipated timeline resulted in the variance in the ITS Special Fund. 13

Report to the University of Hawai i Board of Regents Committee on and Finance Fourth Quarter Financial Report For the Period Ending June 30, 2017

UNIVERSITY OF HAWAI I Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation 467,089,656 471,455,820 4,366,164 1% 441,375,399 413,162,544 391,274,730 Expenditures Personnel 449,484,187 449,394,322 (89,865) 0% 422,256,713 398,426,464 379,142,333 Non-Personnel (incl. trfs for B+) 16,831,272 13,865,167 (2,966,105) -18% 9,807,546 9,468,958 10,420,984 Utilities 774,197 8,193,272 7,419,075 958% 9,308,531 5,253,235 1,709,322 Total Expenditures 467,089,656 471,452,761 4,363,105 1% 441,372,790 413,148,657 391,272,639 - Expenditures - 3,059 2,609 13,887 2,091 FY2017 -to- Difference % TUITION & FEES SF (TFSF) Total 348,738,125 345,645,620 (3,092,505) -1% 345,912,680 333,480,917 320,237,243 Personnel 137,605,397 127,061,382 (10,544,015) -8% 128,675,706 143,629,182 149,982,104 Non-Personnel 109,826,050 97,180,921 (12,645,129) -12% 95,473,429 92,681,235 96,349,682 Utilities 48,032,021 37,342,873 (10,689,148) -22% 35,017,248 40,849,474 51,368,132 Transfers 55,596,557 59,726,166 4,129,609 7% 54,481,638 53,405,305 48,524,605 Total 351,060,025 321,311,342 (29,748,683) -8% 313,648,021 330,565,196 346,224,523 - (2,321,900) 24,334,278 32,264,659 2,915,721 (25,987,280) FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 47,856,610 47,283,464 (573,146) -1% 47,935,027 50,823,462 51,597,564 Personnel 14,462,873 18,360,491 3,897,618 27% 16,492,458 19,440,298 23,181,607 Non-Personnel 34,523,724 23,100,259 (11,423,465) -33% 27,237,196 23,509,062 27,592,243 Utilities 7,281,518 6,885,712 (395,806) -5% 5,783,081 6,211,420 4,937,781 Transfers (6,232,802) 2,077,049 8,309,851-133% 1,992,424 2,075,321 1,350,404 Total 50,035,313 50,423,511 388,198 1% 51,505,159 51,236,101 57,062,035 - (2,178,703) (3,140,047) (3,570,132) (412,639) (5,464,471) FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UOH Page 1 of 12

UNIVERSITY OF HAWAI I Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % OTHER SPECIAL FUNDS Total 151,629,090 133,790,916 (17,838,174) -12% 134,041,591 129,805,067 133,406,922 Personnel 53,002,581 51,860,536 (1,142,045) -2% 55,049,099 52,561,395 51,910,288 Non-Personnel 128,505,321 112,955,870 (15,549,451) -12% 118,098,543 98,946,231 120,810,912 Utilities 10,232,608 9,183,542 (1,049,066) -10% 6,575,474 10,247,645 13,721,221 Transfers (30,745,661) (49,999,834) (19,254,173) 63% (45,476,518) (43,771,036) (42,184,954) Total 160,994,849 124,000,114 (36,994,735) -23% 134,246,598 117,984,235 144,257,467 - (9,365,759) 9,790,802 (205,007) 11,820,832 (10,850,545) FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 37,837,056 33,825,203 (4,011,853) -11% 35,895,773 33,421,812 32,673,219 Personnel 10,629,276 9,563,258 (1,066,018) -10% 9,832,125 9,842,589 8,874,716 Non-Personnel 23,100,759 21,672,402 (1,428,357) -6% 20,275,947 22,254,331 23,298,242 Utilities 271,387 296,388 25,001 9% 54,493 52,758 64,334 Transfers 1,696,162 (758,044) (2,454,206) -145% 531,551 (170,418) 525,319 Total 35,697,584 30,774,004 (4,923,580) -14% 30,694,116 31,979,260 32,762,611-2,139,472 3,051,199 5,201,657 1,442,552 (89,392) FY2017 -to- Difference % TOTAL, UOH Total 1,053,150,537 1,032,001,023 (21,149,514) -2% 1,005,160,470 960,693,802 929,189,678 Personnel 665,184,314 656,239,989 (8,944,325) -1% 632,306,101 623,899,928 613,091,048 Non-Personnel 312,787,126 268,774,619 (44,012,507) -14% 270,892,661 246,859,817 278,472,063 Utilities 66,591,731 61,901,787 (4,689,944) -7% 56,738,827 62,614,532 71,800,790 Transfers 20,314,256 11,045,337 (9,268,919) -46% 11,529,095 11,539,172 8,215,374 Total 1,064,877,427 997,961,732 (66,915,695) -6% 971,466,684 944,913,449 971,579,275 - (11,726,890) 34,039,291 33,693,786 15,780,353 (42,389,597) FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UOH Page 2 of 12

University of Hawai i - Mānoa Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation (including net transfers) 238,220,819 239,806,640 1,585,821 1% 224,731,470 209,904,036 197,517,056 Expenditures Personnel 232,506,911 233,450,118 943,207 0% 219,171,572 206,261,830 197,459,504 Non-Personnel 5,713,908 3,667,623 (2,046,285) -36% 1,052,000 159,065 (6,942) Utilities - 2,688,894 2,688,894 budget = 0 4,505,299 3,483,139 64,493 Total Expenditures 238,220,819 239,806,635 1,585,816 1% 224,728,871 209,904,034 197,517,055 - Expenditures - 5 2,599 2 1 FY2017 -to- Difference % TUITION & FEES SF (TFSF) Total 225,844,393 224,323,882 (1,520,511) -1% 225,456,509 214,837,431 205,433,835 Personnel 94,449,055 87,067,882 (7,381,173) -8% 89,362,927 101,468,229 106,678,613 Non-Personnel 49,364,978 51,648,218 2,283,240 5% 50,987,869 47,213,520 53,525,415 Utilities 32,323,794 29,049,593 (3,274,201) -10% 25,925,749 26,932,194 36,741,925 Transfers (net) 44,401,036 47,093,538 2,692,502 6% 42,113,099 42,058,776 39,762,512 Total 220,538,863 214,859,231 (5,679,632) -3% 208,389,644 217,672,719 236,708,465-5,305,530 9,464,651 17,066,865 (2,835,288) (31,274,630) FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 30,044,746 32,319,320 2,274,574 8% 30,889,197 33,134,222 30,616,933 Personnel 7,084,369 9,905,131 2,820,762 40% 9,278,270 12,574,503 16,377,028 Non-Personnel 21,105,342 11,283,234 (9,822,108) -47% 14,034,431 14,391,898 15,828,483 Utilities 6,361,581 4,988,938 (1,372,643) -22% 5,089,256 5,199,894 4,378,510 Transfers (net) (3,270,211) 1,924,775 5,194,986-159% 2,546,328 2,363,526 1,723,210 Total 31,281,081 28,102,078 (3,179,003) -10% 30,948,285 34,529,821 38,307,231 - (1,236,335) 4,217,242 (59,088) (1,395,599) (7,690,298) FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHM Page 3 of 12

University of Hawai i - Mānoa Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % OTHER SPECIAL FUNDS Total 121,774,055 104,099,489 (17,674,566) -15% 105,781,094 100,532,788 97,161,736 Personnel 39,958,652 38,935,737 (1,022,915) -3% 43,049,773 40,199,568 39,419,970 Non-Personnel 99,414,685 84,759,646 (14,655,039) -15% 92,095,685 72,352,564 94,177,422 Utilities 9,165,699 8,316,776 (848,923) -9% 5,833,954 9,304,713 11,001,018 Transfers (net) (18,293,486) (37,377,943) (19,084,457) 104% (31,439,830) (32,468,001) (33,079,880) Total 130,245,550 94,634,216 (35,611,334) -27% 109,539,582 89,388,844 111,518,530 - (8,471,495) 9,465,273 (3,758,488) 11,143,944 (14,356,794) YTD FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 30,119,795 27,437,703 (2,682,092) -9% 29,286,878 26,523,363 26,925,899 Personnel 8,230,038 7,397,241 (832,797) -10% 7,603,809 7,746,214 7,142,612 Non-Personnel 18,958,803 18,357,861 (600,942) -3% 16,971,175 18,302,889 20,148,641 Utilities 270,030 280,847 10,817 4% 54,493 52,758 64,334 Transfers (net) 1,697,000 (134,255) (1,831,255) -108% 186,830 116,505 304,993 Total 29,155,871 25,901,694 (3,254,177) -11% 24,816,307 26,218,366 27,660,580-963,924 1,536,009 4,470,571 304,997 (734,681) FY2017 -to- Difference % FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHM Page 4 of 12 TOTAL, UH MANOA Total 646,003,808 627,987,034 (18,016,774) -3% 616,145,148 584,931,840 557,655,459 Personnel 382,229,025 376,756,109 (5,472,916) -1% 368,466,351 368,250,344 367,077,727 Non-Personnel 194,557,716 169,716,582 (24,841,134) -13% 175,141,160 152,419,936 183,673,019 Utilities 48,121,104 45,325,048 (2,796,056) -6% 41,408,751 44,972,698 52,250,280 Transfers 24,534,339 11,506,115 (13,028,224) -53% 13,406,427 12,070,806 8,710,835 Total 649,442,184 603,303,854 (46,138,330) -7% 598,422,689 577,713,784 611,711,861 - (3,438,376) 24,683,180 17,722,459 7,218,056 (54,056,402)

University of Hawai i - Hilo Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation (including net transfers) 35,030,101 35,233,055 202,954 1% 33,172,501 31,888,980 30,607,159 Expenditures Personnel 34,462,701 34,919,811 457,110 1% 33,034,388 30,895,008 29,741,669 Non-Personnel 567,400 310,194 (257,206) -45% 138,112 979,041 863,006 Utilities - - - budget = 0-1,052 401 Total Expenditures 35,030,101 35,230,005 199,904 1% 33,172,500 31,875,101 30,605,076 - Expenditures - 3,050 1 13,879 2,083 FY2017 -to- Difference % TUITION & FEES SF (TFSF) Total 38,094,416 36,887,139 (1,207,277) -3% 37,224,613 37,443,534 36,905,653 Personnel 12,926,438 11,747,977 (1,178,461) -9% 12,273,428 13,751,442 13,165,094 Non-Personnel 14,845,396 10,213,307 (4,632,089) -31% 10,157,690 10,524,070 10,278,793 Utilities 4,706,161 3,341,079 (1,365,082) -29% 3,382,605 4,316,514 4,791,879 Transfers (net) 8,749,059 8,712,886 (36,173) 0% 8,542,245 8,753,357 6,886,587 Total 41,227,054 34,015,249 (7,211,805) -17% 34,355,968 37,345,383 35,122,353 - (3,132,638) 2,871,890 2,868,645 98,151 1,783,300 FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 3,892,458 3,828,088 (64,370) -2% 3,829,747 2,830,493 3,820,891 Personnel 189,311 357,526 168,215 89% 492,632 158,678 798,075 Non-Personnel 3,381,732 3,148,921 (232,811) -7% 3,234,397 2,869,013 2,463,683 Utilities 320,000 413,196 93,196 29% 379,956 392,937 320,569 Transfers (net) - (199,105) (199,105) budget = 0 (487,557) (359,649) 333,471 Total 3,891,043 3,720,538 (170,505) -4% 3,619,428 3,060,979 3,915,798-1,415 107,550 210,319 (230,486) (94,907) FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHH Page 5 of 12

University of Hawai i - Hilo Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % OTHER SPECIAL FUNDS Total 7,653,614 7,814,333 160,719 2% 7,784,210 7,565,906 7,334,721 Personnel 1,706,726 1,620,615 (86,111) -5% 1,742,895 1,807,231 1,645,011 Non-Personnel 11,250,952 10,978,552 (272,400) -2% 10,714,244 11,093,660 9,646,025 Utilities 706,653 603,105 (103,548) -15% 617,368 630,025 666,735 Transfers (net) (6,011,155) (6,062,861) (51,706) 1% (5,985,711) (6,007,867) (4,530,092) Total 7,653,176 7,139,411 (513,765) -7% 7,088,796 7,523,049 7,427,679-438 674,922 695,414 42,857 (92,958) FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 2,362,161 2,302,475 (59,686) -3% 2,352,033 2,182,928 2,060,420 Personnel 1,195,881 1,036,304 (159,577) -13% 1,059,675 1,034,128 928,876 Non-Personnel 1,120,028 1,093,257 (26,771) -2% 1,058,713 1,416,435 1,595,602 Utilities - 6,507 6,507 budget = 0 - - - Transfers (net) - 3 3 budget = 0 (0) (1,828) (38,132) Total 2,315,909 2,136,071 (179,838) -8% 2,118,388 2,448,735 2,486,346-46,252 166,404 233,645 (265,807) (425,926) FY2017 -to- Difference % TOTAL, UH HILO Total 87,032,750 86,065,090 (967,660) -1% 84,363,104 81,911,841 80,728,844 Personnel 50,481,057 49,682,233 (798,824) -2% 48,603,018 47,646,487 46,278,725 Non-Personnel 31,165,508 25,744,231 (5,421,277) -17% 25,303,156 26,882,219 24,847,109 Utilities 5,732,814 4,363,887 (1,368,927) -24% 4,379,929 5,340,528 5,779,584 Transfers 2,737,904 2,450,923 (286,981) -10% 2,068,977 2,384,013 2,651,834 Total 90,117,283 82,241,274 (7,876,009) -9% 80,355,080 82,253,247 79,557,252 - (3,084,533) 3,823,816 4,008,024 (341,406) 1,171,592 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHH Page 6 of 12

University of Hawai i - West O ahu Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation (including net transfers) 15,097,132 15,790,482 693,350 5% 14,522,594 13,528,479 8,767,878 Expenditures Personnel 15,035,686 15,510,800 475,114 3% 14,287,416 12,814,289 8,766,432 Non-Personnel 60,000 279,682 219,682 366% 235,177 172,274 - Utilities 1,446 - (1,446) -100% - 541,915 1,446 Total Expenditures 15,097,132 15,790,482 693,350 5% 14,522,593 13,528,478 8,767,878 - Expenditures - - 1 1 - FY2017 -to- YTD Difference % TUITION & FEES SF (TFSF) Total 16,762,621 17,330,885 568,264 3% 15,238,449 13,576,921 11,352,469 Personnel 4,803,500 4,832,912 29,412 1% 4,127,734 2,310,662 4,300,950 Non-Personnel 4,050,000 1,972,935 (2,077,065) -51% 2,724,108 1,708,331 959,095 Utilities 1,546,554 714,638 (831,916) -54% 911,026 537,734 1,111,608 Transfers (net) 6,584,222 7,223,943 639,721 10% 6,923,999 4,455,287 4,123,192 Total 16,984,276 14,744,428 (2,239,848) -13% 14,686,867 9,012,014 10,494,845 - (221,655) 2,586,457 551,582 4,564,907 857,624 FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 158,000 190,521 32,521 21% 140,203 148,595 105,465 Personnel - 161 161 budget = 0 274 90 (63) Non-Personnel 82,595 77,418 (5,177) -6% 155,618 34,191 63,826 Utilities 83,000 90,521 7,521 9% 65,243 27,361 34,647 Transfers (net) - - - budget = 0 (40) 5,903 (39,298) Total 165,595 168,100 2,505 2% 221,095 67,545 59,112 - (7,595) 22,421 (80,892) 81,050 46,353 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHWO Page 7 of 12

University of Hawai i - West O ahu Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % OTHER SPECIAL FUNDS Total 411,000 320,919 (90,081) -22% 463,735 609,797 6,114,265 Personnel 38,000 83,720 45,720 120% 19,699 1,636 - Non-Personnel 2,402,188 2,490,038 87,850 4% 2,688,869 1,284,236 1,034,419 Utilities - - - budget = 0 - - - Transfers (net) (1,961,188) (2,568,566) (607,378) 31% (2,269,253) (892,988) (413,088) Total 479,000 5,192 (473,808) -99% 439,315 392,884 621,331 - (68,000) 315,727 24,420 216,913 5,492,934 FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 1,646,000 960,012 (685,988) -42% 920,224 801,988 595,037 Personnel 280,000 193,378 (86,622) -31% 204,914 183,281 106,733 Non-Personnel 480,000 344,681 (135,319) -28% 268,202 278,866 179,223 Utilities - 7,194 7,194 budget = 0 - - - Transfers (net) - - - budget = 0-29,911 - Total 760,000 545,253 (214,747) -28% 473,116 492,058 285,956-886,000 414,759 447,108 309,930 309,081 YTD FY2017 -to- YTD Difference % TOTAL, UH WEST OAHU Total 34,074,753 34,592,819 518,066 2% 31,285,205 28,665,780 26,935,114 Personnel 20,157,186 20,620,971 463,785 2% 18,640,037 15,309,958 13,174,052 Non-Personnel 7,074,783 5,164,754 (1,910,029) -27% 6,071,974 3,477,898 2,236,563 Utilities 1,631,000 812,353 (818,647) -50% 976,269 1,107,010 1,147,701 Transfers 4,623,034 4,655,377 32,343 1% 4,654,706 3,598,113 3,670,806 Total 33,486,003 31,253,455 (2,232,548) -7% 30,342,986 23,492,979 20,229,122-588,750 3,339,364 942,219 5,172,801 6,705,992 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHWO Page 8 of 12

University of Hawai i - Community Colleges Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation (including net transfers) 133,476,206 135,402,050 1,925,844 1% 126,405,510 118,732,720 114,819,622 Expenditures Personnel 130,068,656 129,029,192 (1,039,464) -1% 121,499,856 117,392,902 113,065,539 Non-Personnel 2,800,550 1,006,552 (1,793,998) -64% 115,021 112,705 111,094 Utilities 607,000 5,366,302 4,759,302 784% 4,790,627 1,227,108 1,642,982 Total Expenditures 133,476,206 135,402,046 1,925,840 1% 126,405,504 118,732,715 114,819,615 - Expenditures - 4 6 5 7 FY2017 -to- Difference % TUITION & FEES SF (TFSF) Total 67,296,325 65,520,953 (1,775,372) -3% 67,033,462 66,798,904 65,773,807 Personnel 23,489,983 22,292,865 (1,197,118) -5% 22,256,908 24,651,267 25,100,783 Non-Personnel 33,552,540 26,828,581 (6,723,959) -20% 25,412,091 25,444,001 25,823,350 Utilities 9,446,000 4,119,111 (5,326,889) -56% 4,797,868 9,045,686 8,708,546 Transfers (net) 5,378,329 5,618,101 239,772 4% 5,949,034 6,725,365 5,941,200 Total 71,866,852 58,858,658 (13,008,194) -18% 58,415,901 65,866,319 65,573,879 - (4,570,527) 6,662,295 8,617,561 932,585 199,928 FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 1,702,000 2,251,493 549,493 32% 2,699,622 2,855,548 1,726,836 Personnel 984,100 1,255,501 271,401 28% 1,350,907 749,191 781,979 Non-Personnel 1,431,900 714,578 (717,322) -50% 644,649 413,131 439,090 Utilities 436,000 691,535 255,535 59% 248,626 591,228 203,582 Transfers (net) - (30,000) (30,000) budget = 0 (33,940) (76,296) 32,124 Total 2,852,000 2,631,614 (220,386) -8% 2,210,242 1,677,254 1,456,775 - (1,150,000) (380,121) 489,380 1,178,294 270,061 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHCC Page 9 of 12

University of Hawai i - Community Colleges Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % OTHER SPECIAL FUNDS Total 18,854,000 18,691,265 (162,735) -1% 17,157,711 18,556,767 20,126,301 Personnel 10,044,400 10,008,317 (36,083) 0% 9,686,608 10,023,689 10,446,280 Non-Personnel 7,899,732 5,912,646 (1,987,086) -25% 5,809,929 6,771,048 8,725,996 Utilities 354,700 146,141 (208,559) -59% 124,152 312,907 2,053,468 Transfers (net) 555,168 1,008,319 453,151 82% (258,951) (973,999) 537,001 Total 18,854,000 17,075,423 (1,778,577) -9% 15,361,738 16,133,645 21,762,745 - - 1,615,842 1,795,973 2,423,122 (1,636,444) FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 2,291,000 1,925,469 (365,531) -16% 2,313,449 2,356,836 2,266,413 Personnel 531,775 642,211 110,436 21% 686,235 612,814 535,121 Non-Personnel 1,758,555 1,537,344 (221,211) -13% 1,454,782 1,642,148 1,336,291 Utilities 670 1,267 597 89% - - - Transfers (net) - (615,132) (615,132) budget = 0 204,611 (31) - Total 2,291,000 1,565,690 (725,310) -32% 2,345,628 2,254,931 1,871,412 - - 359,779 (32,179) 101,905 395,001 FY2017 -to- Difference % TOTAL, UH COMMUNITY COLLEGES Total 223,619,531 223,791,230 171,699 0% 215,609,754 209,300,775 204,712,979 Personnel 165,118,914 163,228,086 (1,890,828) -1% 155,480,514 153,429,863 149,929,702 Non-Personnel 47,443,277 35,999,701 (11,443,576) -24% 33,436,472 34,383,033 36,435,821 Utilities 10,844,370 10,324,356 (520,014) -5% 9,961,273 11,176,929 12,608,578 Transfers 5,933,497 5,981,288 47,791 1% 5,860,754 5,675,039 6,510,325 Total 229,340,058 215,533,431 (13,806,627) -6% 204,739,013 204,664,864 205,484,426 - (5,720,527) 8,257,799 10,870,741 4,635,911 (771,447) FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHCC Page 10 of 12

University of Hawai i - Systemwide Programs Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % GENERAL FUNDS Allocation (including net transfers) 45,265,398 45,223,593 (41,805) 0% 42,543,324 39,108,329 39,563,015 Expenditures Personnel 37,410,233 36,484,401 (925,832) -2% 34,263,481 31,062,435 30,109,189 Non-Personnel 4,689,414 5,601,116 911,702 19% 5,267,236 5,045,873 6,453,826 Utilities 165,751 138,076 (27,675) -17% 12,605 21 - Transfers (B+ Scholarships) 3,000,000 3,000,000-0% 3,000,000 3,000,000 3,000,000 Total Expenditures 45,265,398 45,223,593 (41,805) 0% 42,543,322 39,108,329 39,563,015 - Expenditures - - 2 - - FY2017 -to- Difference % TUITION & FEES SF (TFSF) Total 740,370 1,582,761 842,391 114% 959,647 824,127 771,479 Personnel 1,936,421 1,119,746 (816,675) -42% 654,709 1,447,582 736,664 Non-Personnel 8,013,136 6,517,880 (1,495,256) -19% 6,191,671 7,791,313 5,763,029 Utilities 9,512 118,452 108,940 1145% - 17,346 14,174 Transfers (net) (9,516,089) (8,922,302) 593,787-6% (9,046,739) (8,587,480) (8,188,886) Total 442,980 (1,166,224) (1,609,204) -363% (2,200,359) 668,761 (1,675,019) - 297,390 2,748,985 3,160,006 155,366 2,446,498 FY2017 -to- Difference % RESEARCH & TRAINING RF (RTRF) Total 12,059,406 8,694,042 (3,365,364) -28% 10,376,258 11,854,604 15,327,439 Personnel 6,205,093 6,842,172 637,079 10% 5,370,375 5,957,836 5,224,588 Non-Personnel 8,522,155 7,876,108 (646,047) -8% 9,168,101 5,800,829 8,797,161 Utilities 80,937 701,522 620,585 767% - - 473 Transfers (net) (2,962,591) 381,379 3,343,970-113% (32,367) 141,837 (699,103) Total 11,845,594 15,801,181 3,955,587 33% 14,506,109 11,900,502 13,323,119-213,812 (7,107,139) (4,129,851) (45,898) 2,004,320 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHSW Page 11 of 12

OTHER SPECIAL FUNDS University of Hawai i - Systemwide Programs Fourth Quarter Financial Report for the Period Ending June 30, 2017 FY2017 -to- Difference % Total 2,936,421 2,864,910 (71,511) -2% 2,854,841 2,539,809 2,669,899 Personnel 1,254,803 1,212,147 (42,656) -3% 550,124 529,271 399,027 Non-Personnel 7,537,764 8,814,988 1,277,224 17% 6,789,816 7,444,723 7,227,050 Utilities 5,556 117,520 111,964 2015% - - - Transfers (net) (5,035,000) (4,998,783) 36,217-1% (5,522,773) (3,428,181) (4,698,895) Total 3,763,123 5,145,872 1,382,749 37% 1,817,167 4,545,813 2,927,182 - (826,702) (2,280,962) 1,037,674 (2,006,004) (257,283) FY2017 -to- Difference % OTHER REVOLVING FUNDS Total 1,418,100 1,199,544 (218,556) -15% 1,023,189 1,556,697 825,450 Personnel 391,582 294,124 (97,458) -25% 277,492 266,152 161,374 Non-Personnel 783,373 339,259 (444,114) -57% 523,075 613,993 38,485 Utilities 687 573 (114) -17% - - - Transfers (net) (838) (8,660) (7,822) 933% 140,110 (314,975) 258,458 Total 1,174,804 625,296 (549,508) -47% 940,677 565,170 458,317-243,296 574,248 82,512 991,527 367,133 FY2017 -to- Difference % TOTAL, UH SYSTEMWIDE PROGRAMS Total 62,419,695 59,564,850 (2,854,845) -5% 57,757,259 55,883,566 59,157,282 Personnel 47,198,132 45,952,590 (1,245,542) -3% 41,116,181 39,263,276 36,630,842 Non-Personnel 32,545,842 32,149,351 (396,491) -1% 30,939,899 29,696,731 31,279,551 Utilities 262,443 1,076,143 813,700 310% 12,605 17,367 14,647 Transfers (17,514,518) (13,548,366) 3,966,152-23% (14,461,769) (12,188,799) (13,328,426) Total 62,491,899 65,629,718 3,137,819 5% 57,606,916 56,788,575 54,596,614 - (72,204) (6,064,868) 150,343 (905,009) 4,560,668 FY17 4th Qtr BOR Financial Report (08-29-17)- Final/UHSW Page 12 of 12