1. Campus Financial Status
Update
October 3, 2012

2. 2011-2012 Financial Results Revenues: State Appropriations $( 10,894)
Tuition & Fees ( 542,665)
F&A Recovery ,671
Interest Income ( 161,828)
Academic Outreach ,805
Financial Aid Overhead ,790
Application and Other Fees ,194
Bookstore Commission ( 96,584)
Total $( 111,511)

3. 2011-2012 Financial Results Expenditures Enrollment Reserve $ 637,578
Other ( 251,725)
Employee Benefits ,000
Utilities ,949
Debt Service (State) ,894
Bank Service Fees ,376
Fee Remissions ,878
Total $1,885,950
Net $1,774,439

4. 2012-2013 Financial Status Carry Forward Reserves
Contingency Fund $ 3,300,000
Cash Carry Forward 2,500,000
Budget Reserve
Enrollment Reserve $ ,538

5. 2012-2013 Financial Status Tuition Revenue Summer -6.28% ($ 254,371)
Fall % ($1,419,719)
Total To Date: ($1,674,090)
Spring (Estimate) ($1,300,000)
Estimated Annual Total ($2,974,090)

6. Nothing noted but too early to tell
Financial Status
Other Revenue Sources ?
Other Expenditure Budgets ?
Nothing noted but too early to tell

7. 2013-2014 Potential Budget Unknowns Going Forward Revenues
Tuition Revenue
Summer/Fall 2012 Actual/
Spring Estimated ($ 2,910,000)
Rate Increase ?

8. 2013-2014 Potential Budget Unknowns Going Forward Revenues
State Appropriations
Incentive Formulas ($ 21,000)
Increased State Revenues ??
Other
Interest Income ($ 300,000)

9. 2013-2014 Potential Budget Unknowns Going Forward Expenditures
“Unavoidables” $ 1,100,000
Health Insurance
Other Employee Benefits
PERF Retirement
Utilities
Salary Adjustments ?

10. 2013-2014 Potential Budget Unknowns Going Forward Expenditures
Strategic Initiatives

11. Questions?