FY2014 Unrestricted Opera ons Budget vs. Actual

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

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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 $13.296 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 1,008,358 137,579 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

University of Maine System FTE ENROLLMENT FY2013 VARIANCE ACTUALS BUDGET ACTUALS # % Fall UMaine 9,041 9,020 9,356 336 3.7% UMA 2,862 2,781 2,713 (68) (2.4%) UMF 1,896 1,891 1,807 (84) (4.4%) UMFK 779 760 805 45 5.9% UMM 571 596 542 (54) (9.1%) UMPI 973 978 843 (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 8,555 82 1.0% UMA 2,770 2,694 2,592 (102) (3.8%) UMF 1,771 1,744 1,702 (42) (2.4%) UMFK 696 695 705 10 1.4% UMM 548 581 513 (68) (11.7%) UMPI 892 914 801 (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 8,956 209 2.4% UMA 2,816 2,738 2,653 (85) (3.1%) UMF 1,834 1,818 1,755 (63) (3.5%) UMFK 738 728 755 28 3.8% UMM 560 589 528 (61) (10.4%) UMPI 933 946 822 (124) (13.1%) USM 6,577 6,732 6,199 (534) (7.9%) Total 22,170 22,296 21,666 (630) (2.8%) 2

University of Maine System RESIDENCE HALL OCCUPANCY FY2013 VARIANCE ACTUALS BUDGET ACTUALS # % Fall UMaine 3,348 3,348 3,552 204 6.1% UMA % UMF 947 1,000 902 (98) (9.8%) UMFK 225 210 218 8 3.8% UMM 256 271 219 (52) (19.2%) UMPI 296 285 261 (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 3,259 13 0.4% UMA % UMF 874 974 814 (160) (16.4%) UMFK 169 190 169 (21) (11.1%) UMM 225 236 205 (31) (13.1%) UMPI 268 285 228 (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 3,406 109 3.3% UMA % UMF 911 987 858 (129) (13.1%) UMFK 197 200 194 (6) (3.0%) UMM 241 254 212 (42) (16.5%) UMPI 282 285 245 (40) (14.0%) USM 1,126 1,167 1,086 (81) (6.9%) Total 6,018 6,190 6,001 (189) (3.1%) 3

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% 275,990,333 279,183,531 273,709,755 (5,473,776) (2.0%) 176,159,570 178,694,798 178,694,798 0 0.0% 77,924,687 64,030,119 78,354,162 14,324,043 22.4% $530,074,590 $521,908,448 $530,758,715 $8,850,267 1.7% $341,631,345 $352,878,048 $348,136,122 $4,741,926 1.3% 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 39,644 3.0% Other /Transfers Total 7,663,720 7,099,904 6,329,542 770,362 10.9% 28,141,544 30,669,802 29,740,895 928,907 3.0% 76,184,880 72,159,232 73,042,250 (883,018) (1.2%) $523,168,625 $528,362,458 $525,411,056 $2,951,402 0.6% $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 $164,090,751 31.3% $167,672,312 31.6% $166,872,712 31.7% Research 15,658,788 3.0% 16,465,363 3.1% 16,277,591 3.1% Public Service 22,216,055 4.2% 22,398,228 4.2% 23,672,395 4.5% Academic Support 61,695,453 11.8% 64,736,225 12.2% 62,223,732 11.8% Student Services 44,027,288 8.4% 43,224,179 8.1% 43,352,272 8.2% Institutional Support 73,094,924 14.0% 59,647,404 11.2% 69,459,643 13.2% Physical Plant 66,805,632 12.8% 73,631,441 13.9% 69,834,272 13.3% Student Aid (50,268) 0.0% 2,557,355 0.5% 342,600 0.1% Auxiliary Enterprises 79,499,322 15.2% 80,535,285 15.2% 78,757,457 15.0% Pooled Costs (3,173,236) 0.6% 0.0% (4,468,128) 0.8% Subtotal $523,864,709 100.1% $530,867,792 100.0% $526,324,546 100.1% Compensation Adjustment (696,084) (2,505,334) (913,490) Total $523,168,625 $528,362,458 $525,411,056 4

UMaine Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $122,585,272 $125,472,306 $129,751,354 $4,279,048 3.4% 33,127,579 34,505,547 36,027,593 1,522,046 4.4% (33,192,040) (34,662,195) (36,348,758) (1,686,563) 4.9% 122,520,811 125,315,658 129,430,189 4,114,531 3.3% 81,075,943 81,992,553 81,992,553 0 0.0% 45,533,889 41,553,263 45,200,389 3,647,126 8.8% $249,130,643 $248,861,474 $256,623,131 $7,761,657 3.1% $150,423,991 $150,467,499 $154,340,551 ($3,873,052) (2.6%) 11,484,102 12,474,509 12,431,892 42,617 0.3% 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 958,415 460,880 444,710 16,170 3.5% Other /Transfers Total 3,888,831 3,663,602 3,200,362 463,240 12.6% 13,566,163 15,240,922 14,684,859 556,063 3.6% 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 $600,633 167,767 $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 $64,494,157 25.7% $70,467,656 27.7% $67,771,818 25.9% Research 14,032,204 5.6% 14,879,175 5.8% 14,715,575 5.6% Public Service 18,399,372 7.4% 18,602,732 7.3% 19,689,611 7.5% Academic Support 23,981,210 9.6% 26,228,414 10.3% 25,293,290 9.7% Student Services 17,703,587 7.1% 19,163,996 7.5% 19,058,770 7.3% Institutional Support 35,797,401 14.3% 23,100,787 9.1% 35,787,636 13.7% Physical Plant 30,968,054 12.4% 34,727,051 13.7% 33,001,620 12.6% Student Aid (1,160,062) 0.5% 1,120,979 0.5% (847,127) 0.3% Auxiliary Enterprises 46,091,077 18.4% 46,158,247 18.1% 47,188,500 18.0% Subtotal $250,307,000 100.0% $254,449,037 100.0% $261,659,693 100.0% Compensation Adjustment 148,958 (2,326,049) (114,524) Total $250,455,958 $252,122,988 $261,545,169 5

UMA Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $26,145,335 $24,024,244 $24,057,852 $33,608 0.1% 141 0 (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 22,052,331 408,007 1.9% 13,919,184 13,866,709 13,866,709 0 0.0% 2,440,067 2,109,408 2,152,526 43,118 2.0% $39,786,878 $37,620,441 $38,071,566 $451,125 1.2% $28,041,831 $27,370,222 $27,329,620 $40,602 0.1% 861,605 977,035 862,540 114,495 11.7% Supplies & Services 3,732,023 4,266,703 4,164,481 102,222 2.4% Travel 225,847 207,418 239,157 (31,739) (15.3%) Memb., Contrib. & Sponsorships 97,698 108,105 83,018 25,087 23.2% Other /Transfers Total 76,420 70,061 69,758 303 0.4% 1,352,366 1,381,955 1,367,897 14,058 1.0% 3,831,162 3,492,786 3,267,855 224,931 6.4% $38,218,952 $37,874,285 $37,384,326 $489,959 1.3% $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 $669,404 299,842 $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 $15,434,434 39.5% $14,478,667 38.3% $15,283,926 40.0% Research 0.0% 0.0% 146 0.0% Public Service 250,248 0.6% 106,967 0.3% 126,515 0.3% Academic Support 7,115,971 18.2% 6,947,720 18.4% 6,724,400 17.6% Student Services 4,551,523 11.6% 4,719,797 12.5% 4,665,117 12.2% Institutional Support 4,863,361 12.4% 4,697,496 12.4% 4,872,816 12.7% Physical Plant 5,165,196 13.2% 5,006,371 13.2% 4,934,672 12.9% Student Aid 14,676 0.0% 87,591 0.2% (1,210) 0.0% Auxiliary Enterprises 1,755,830 4.5% 1,752,165 4.7% 1,627,294 4.3% Subtotal $39,151,239 100.0% $37,796,774 100.0% $38,233,676 100.0% Compensation Adjustment (932,287) 77,511 (849,350) Total $38,218,952 $37,874,285 $37,384,326 6

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 10,275,346 0 0.0% 2,253,910 2,063,464 2,069,422 5,958 0.3% $37,667,150 $39,013,274 $36,237,542 ($2,775,732) (7.1%) $26,241,280 $25,665,863 $25,425,254 $240,609 0.9% 1,785,513 2,261,166 1,831,599 429,567 19.0% Supplies & Services 5,125,310 6,301,676 5,847,653 454,023 7.2% Travel 622,805 580,583 622,469 (41,886) (7.2%) Memb., Contrib. & Sponsorships 103,230 96,983 91,437 5,546 5.7% Other /Transfers Total 353,905 336,135 306,801 29,334 8.7% 1,726,146 1,699,760 1,708,495 (8,735) (0.5%) 1,798,324 1,667,655 1,520,018 147,637 8.9% $37,756,513 $38,609,821 $37,353,726 $1,256,095 3.3% ($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 8,735 0.5% (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 $111,798 100,630 $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 $14,466,596 38.2% $14,629,969 37.7% $14,529,095 38.8% Research 2,498 0.0% 1,000 0.0% 984 0.0% Public Service 10,539 0.0% 8,500 0.0% 13,837 0.0% Academic Support 3,113,747 8.2% 3,017,248 7.8% 3,095,858 8.3% Student Services 4,003,023 10.6% 3,857,938 9.9% 4,177,683 11.2% Institutional Support 2,350,078 6.2% 2,365,919 6.1% 2,307,328 6.2% Physical Plant 4,676,541 12.4% 4,869,325 12.6% 4,477,786 12.0% Student Aid 401,565 1.1% 516,365 1.4% 408,021 1.1% Auxiliary Enterprises 8,813,162 23.3% 9,516,198 24.5% 8,395,516 22.4% Subtotal $37,837,749 100.0% $38,782,462 100.0% $37,406,108 100.0% Compensation Adjustment (81,236) (172,641) (52,382) Total $37,756,513 $38,609,821 $37,353,726 7

UMFK Unrestricted ACTUAL vs. BUDGET ACTUAL vs. ANNUAL FY2013 ANNUAL BUDGET VARIANCE Budgeted Annual $7,340,019 $6,931,529 $7,367,842 $436,313 6.3% 1,419,686 1,429,870 1,593,236 163,366 11.4% (1,112,345) (1,018,876) (1,352,091) (333,215) 32.7% 7,647,360 7,342,523 7,608,987 266,464 3.6% 4,262,405 4,281,462 4,281,462 0 0.0% 472,005 300,744 621,351 320,607 106.6% $12,381,770 $11,924,729 $12,511,800 $587,071 4.9% $9,122,847 $8,982,888 $9,067,224 ($84,336) (0.9%) 699,204 632,300 756,739 (124,439) (19.7%) Supplies & Services 1,434,178 1,495,492 2,054,747 (559,255) (37.4%) Travel 275,961 250,444 410,186 (159,742) (63.8%) Memb., Contrib. & Sponsorships 45,761 41,010 51,607 (10,597) (25.8%) Other /Transfers Total 281,076 271,523 236,834 34,689 12.8% 541,510 672,522 656,440 16,082 2.4% 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%) 541,510 672,522 656,440 (16,082) (2.4%) (39,324) (1,700) (38,416) (36,716) 2159.8% (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 $4,554,311 35.5% $4,529,607 36.6% $4,741,029 36.9% Research 40 0.0% 15,540 0.1% 15,240 0.1% Public Service 181,905 1.4% 136,202 1.1% 368,722 2.9% Academic Support 1,129,006 8.8% 1,171,668 9.5% 1,170,253 9.1% Student Services 1,767,119 13.8% 1,816,379 14.7% 1,923,695 15.0% Institutional Support 1,476,155 11.5% 1,495,203 12.1% 1,192,276 9.3% Physical Plant 1,749,195 13.6% 1,715,023 13.9% 1,757,937 13.6% Student Aid 100,235 0.8% 137,390 1.1% 150,820 1.2% Auxiliary Enterprises 1,873,652 14.6% 1,347,848 10.9% 1,525,200 11.9% Subtotal $12,831,618 100.0% $12,364,860 100.0% $12,845,172 100.0% Compensation Adjustment (49,977) (75,525) (183,095) Total $12,781,641 $12,289,335 $12,662,077 8

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 4,183,377 0 0.0% 485,680 486,600 468,020 (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 $145,208 2.1% 708,843 703,798 760,437 (56,639) (8.0%) Supplies & Services 1,558,228 1,702,510 1,816,376 (113,866) (6.7%) Travel 270,030 250,972 191,169 59,803 23.8% Memb., Contrib. & Sponsorships 77,843 82,912 35,326 47,586 57.4% Other /Transfers Total 133,125 127,302 115,334 11,968 9.4% 548,128 559,205 547,671 11,534 2.1% 398,399 687,452 (14,797) 702,249 102.2% $10,682,920 $11,181,253 $10,373,410 $807,843 7.2% ($364,214) ($329,175) ($346,410) ($17,235) Plus ($364,214) ($329,175) ($346,410) ($17,235) 5.2% 548,128 559,205 547,671 (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 $3,553,825 33.3% $3,295,118 29.5% $3,321,307 32.1% Research 12,931 0.1% 3,000 0.0% 6,874 0.1% Public Service 136,743 1.3% 165,168 1.5% 51,472 0.5% Academic Support 1,011,649 9.6% 1,151,489 10.3% 1,065,182 10.3% Student Services 1,657,338 15.5% 1,756,632 15.7% 1,630,950 15.7% Institutional Support 656,880 6.1% 1,197,305 10.7% 391,339 3.8% Physical Plant 1,584,204 14.8% 1,444,877 13.0% 1,722,082 16.6% Student Aid 45,295 0.4% 63,338 0.6% 40,449 0.4% Auxiliary Enterprises 2,024,055 18.9% 2,088,579 18.7% 2,133,013 20.5% Subtotal $10,682,920 100.0% $11,165,506 100.0% $10,362,668 100.0% Compensation Adjustment 0 15,747 10,742 Total $10,682,920 $11,181,253 $10,373,410 9

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 6,338,938 0 0.0% 1,172,387 594,844 919,812 324,968 54.6% $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 316,855 352,476 319,477 32,999 9.4% Memb., Contrib. & Sponsorships 67,445 63,342 57,483 5,859 9.2% Other /Transfers Total 75,704 73,012 63,423 9,589 13.1% 840,146 825,267 834,041 (8,774) (1.1%) 1,304,877 1,216,633 1,178,561 38,072 3.1% $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% 840,146 825,267 834,041 8,774 1.1% (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 $5,927,538 34.7% $5,624,548 33.2% $5,863,718 34.2% Research 4,395 0.0% 0.0% 0.0% Public Service 244,918 1.5% 134,492 0.8% 287,561 1.7% Academic Support 1,664,747 9.7% 1,573,933 9.3% 1,597,271 9.3% Student Services 2,226,222 13.0% 2,392,909 14.1% 2,234,985 13.0% Institutional Support 1,862,118 10.9% 1,506,395 9.0% 2,081,116 12.1% Physical Plant 2,658,972 15.6% 3,208,165 18.9% 2,862,513 16.7% Student Aid 24,323 0.1% 121,000 0.7% 11,792 0.1% Auxiliary Enterprises 2,476,513 14.5% 2,374,970 14.0% 2,211,637 12.9% Subtotal $17,089,746 100.0% $16,936,412 100.0% $17,150,593 100.0% Compensation Adjustment (15,811) (441,411) 18,537 Total $17,073,935 $16,495,001 $17,169,130 10

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 41,476,891 0 0.0% 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 $3,111,545 3.2% 3,261,096 3,266,662 3,693,932 (427,270) (13.1%) Supplies & Services 12,397,572 15,526,568 14,228,299 1,298,269 8.4% Travel 1,312,870 1,114,507 1,190,097 (75,590) (6.8%) Memb., Contrib. & Sponsorships 363,950 401,383 325,480 75,903 18.9% Other /Transfers Total 2,704,546 2,424,219 2,202,980 221,239 9.1% 6,433,390 6,789,005 6,660,928 128,077 1.9% 11,353,996 11,468,479 9,255,270 2,213,209 19.3% $136,479,914 $138,884,537 $132,339,155 $6,545,382 4.7% $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 $460,244 316,662 $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 $55,659,890 40.9% $54,646,747 39.5% $55,361,819 41.9% Research 1,606,720 1.2% 1,566,648 1.1% 1,538,772 1.2% Public Service 2,992,330 2.2% 3,244,167 2.4% 3,134,677 2.4% Academic Support 16,931,964 12.4% 17,680,760 12.8% 16,963,398 12.9% Student Services 11,384,842 8.4% 9,290,975 6.7% 9,416,122 7.1% Institutional Support 13,938,755 10.2% 15,219,522 11.0% 11,880,465 9.0% Physical Plant 16,629,118 12.2% 18,781,881 13.6% 17,444,385 13.2% Student Aid 559,609 0.4% 551,081 0.4% 577,838 0.4% Auxiliary Enterprises 16,465,033 12.1% 17,297,278 12.5% 15,676,297 11.9% Subtotal $136,168,261 100.0% $138,279,059 100.0% $131,993,773 100.0% Compensation Adjustment 311,653 605,478 345,382 Total $136,479,914 $138,884,537 $132,339,155 11

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 10,279,378 367.1% $9,419,048 $2,800,000 $13,079,378 $10,279,378 367.1% 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 $9,179,524 0 0 0 (45,523) (900,000) (900,000) 0 0 0 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 3,113,955 100.0% 2,800,000 100.0% 3,899,854 100.0% 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 $3,113,955 100.0% $2,800,000 100.0% $3,899,854 100.0% Compensation Adjustment Total $3,113,955 $2,800,000 $3,899,854 12

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 16,279,522 0 0.0% 1,197,084 1,115,872 1,253,519 137,647 12.3% $16,637,050 $17,355,005 $17,491,632 $136,627 0.8% $10,672,256 $24,638,619 $19,071,786 $5,566,833 22.6% 60,131 62,225 61,802 423 0.7% Supplies & Services (3,954,964) (13,273,616) (13,592,868) 319,252 (2.4%) Travel 146,674 179,825 164,924 14,901 8.3% Memb., Contrib. & Sponsorships 377,774 58,074 183,984 (125,910) (216.8%) 150,113 134,050 134,050 0 0.0% 3,133,695 3,501,166 3,280,564 220,602 6.3% 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 $5,421,029 29.9% $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 6,747,159 40.4% 6,964,993 38.1% 6,314,080 49.4% Student Services 733,634 4.4% 225,553 1.2% 244,950 1.9% Institutional Support 9,036,221 54.2% 7,264,777 39.7% 7,046,813 55.2% Physical Plant 3,374,352 20.2% 3,878,748 21.2% 3,633,277 28.5% Student Aid (35,909) 0.2% (40,389) 0.2% 2,017 0.0% Auxiliary Enterprises 0.0% 0.0% 0.0% Pooled Costs (3,173,236) 19.0% 0.0% (4,468,128) 35.0% Subtotal $16,682,221 100.0% $18,293,682 100.0% $12,773,009 100.0% Compensation Adjustment (77,384) (188,444) (88,800) Total $16,604,837 $18,105,238 $12,684,209 13

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 39,643 3.0% Restricted/Other 3,709,292 4,235,310 (526,018) (14.2%) 392,476 430,084 (37,608) (9.6%) Total $9,796,341 $10,703,906 ($907,565) (9.3%) $1,705,165 $1,703,130 $2,035 0.1% Public Law 2011, Chapter 616 requires periodic reporting of the actual travel & contribution costs to the Board of Trustees 14