1. FY 2016 Annual Financial Report Operating Statement Highlights
Financial Area Representatives Meeting
January 25, 2017
Sheri Hardison, Asst. VP Financial Affairs & Controller
Office of Financial Affairs (

2. Annual Financial Report Highlights
Comprised of three primary statements with many supporting schedules:
Statement of Net Position (Balance Sheet)
Statement of Revenues, Expenses and Changes in Net Position (Operating Statement or SRECNP)
Statement of Cash Flows
Financial Affairs
Office of the Controller

3. Statement of Revenue, Expenses, and Changes in Net Position (SRECNP)
($ In Millions)
Results of operations for the year
Operating Loss does not include State Appropriations or Pell revenue
GASB 72 Fair Value Measurement & Application required $280,348 restatement of Net Position
Net Position decreased by $30.4M in FY 2016.
Financial Affairs
Office of the Controller

4. SRECNP – Operating Revenue
($ In Millions)
Net tuition and fees decreased $7.2M
$4M of decrease was from fewer Fall 2016 class days falling in the closed fiscal year than in FY2015
Higher paying non-resident student credit hours were 8,398 lower than the prior year
Sponsored program revenue decreased due to decreases in state, local and privately-funded programs
Financial Affairs
Office of the Controller

5. SRECNP – Operating Expenses
($ In Millions)
The largest research-related expense increases occurred in salaries and wages ($2.3M), Materials and Supplies ($1.0M) and Other Operating Expenses ($1.4M).
Expenses included Gold Star faculty start-up expenditures that were planned and funded in prior years
Scholarship expenses increased primarily due to:
The FY2014 cash reconciliation adjustment ($6.5M)
An increase in exemptions ($1.4M)
Every year a calculated amount is reclassified to net against Tuition and Fee Revenue. For FY2016 this calculation was $6.8M lower than the prior year.
Financial Affairs
Office of the Controller

6. FY 2016 Sources of Operating Revenue by Category
($ In Millions)
Financial Affairs
Office of the Controller

7. FY 2016 Sources of Operating Revenue
($ In Millions)
Financial Affairs
Office of the Controller

8. FY 2016 Sources of Operating Revenue – 5 Year Trend
Financial Affairs
Office of the Controller

9. FY 2016 Operating Uses of Funds
($ In Millions)
Financial Affairs
Office of the Controller

10. FY 2016 Operating Uses of Funds – 5 Year Trend
Financial Affairs
Office of the Controller

11. Reconciliation of Research and Sponsored Program Expenditures to AFR Operating Expenses - Research
($ In Millions)
Financial Affairs
Office of the Controller

12. FY 2016 Analysis of Financial Condition - Composite Financial Index
UTSA received a “Satisfactory” rating from UT System
Annual Operating Margin decreased from 3.8% in FY2015 to (5.9%) in FY2016
Included one-time conversion related adjustments
Decrease in non-resident semester credit hours
Expenses increased 5.8% while revenues decreased 0.1%
Expenses included some faculty start-up funding spent in FY2016 and other one-time expenses
Financial Affairs
Office of the Controller

13. QUESTIONS
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Office of the Controller

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