Fiscal Strength

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10 Νοε 2013 (πριν από 3 χρόνια και 10 μήνες)

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Fiscal Strength

Finding the balance

at UMass Boston


Fiscal Strength


operating margin

2.5% actual FY12

2
% target


financial
c
ushion

28.2% actual FY12

>20% target


return
on
net assets

8.2% actual FY12

5
% target


d
ebt ratio

5
% actual FY12

8% threshold


e
ndowment/FTE

$4,711 actual FY12

$7,669 UMass
avg

Fiscal Strength


operating margin

2.5% actual FY12

2
% target


financial
c
ushion

28.2% actual FY12

>20% target


return
on
net assets

8.2% actual FY12

5
% target


d
ebt ratio

5
% actual FY12

8% threshold


e
ndowment/FTE

$4,711 actual FY12

$7,669 UMass
avg

Fiscal Strength


Revenue
diversity

Enrollment

Student fees

State support

Grants (federal, state)

Other (private, ESS, auxiliaries)



Financial management

Expenditure
control

Reporting

Multi
-
year
planning

Analysis



Asset base

Physical
infrastructure

Deferred maintenance

IT infrastructure



Financial flexibility

Endowment (investments)

Reserves (net assets)

Debt


Fulfilling the Promise



Fiscal Strength

Enrollment

Student fees

State support

Grants (federal, state)

Other (
ESS
, Auxiliaries)



Expenditure
control

Reporting

Multi
-
year
planning

Analysis


Physical
infrastructure

Deferred maintenance

IT infrastructure



Endowment

Investments

Reserves

Debt



Revenue diversity

breadth of unique revenue streams



Enrollment



Federal support

• volatility





• federal financial aid

• in
-

or out
-
of
-
state





federal
grants

• undergraduate, graduate, PhD


Student fees




Private fund
-
raising

• tuition policy




capital campaign(s)

• mandatory fees




gifts

• differential fees




endowment

• waiver policies

• public/
BoT
/legislative interest


State support




Other

• annual appropriation




auxiliary services

• state financial aid




ESS

• state ISAs, contracts, grants

Enrollment (FTE)







Student fees







8,000
9,000
10,000
11,000
12,000
13,000
14,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
FY12 vs FY05 = 48%

Avg annual growth = 5%


Asset base

investment in physical assets



Physical infrastructure (size,
composition, quality)



sq

ft

inventory



h
ow is space used (classrooms, conference rooms)



quality of spaces (expectations,
stds

or peers)


Deferred
maintenance



current conditions



mechanical systems
vs

fluff &
buff (painting, carpet)



proactive
vs

reactive


IT
infrastructure



changing technology



UITS

Financial flexibility

ability to respond to external events



Endowment (investments) Governance

• local




• external (Presidents Office, State)

• quasi




• permanent


Reserves



• current level




• comparison to peers






Debt




• current level, expected growth

• financing (availability, cost)


Debt







Expense management

demonstrate effective cost management & long
-
term planning

Expenditure control


Analysis

• actual to budget results



• depth of
understanding


• growth trends




• evidence informs plans

• comparison to
peers





linked to outcomes


inform actions


Reporting




• integrity of data




• systems that support customers





mgmt

reporting that informs decision






Multi
-
year reporting




• capital plan




• breadth of understanding



• enrollment planning



• decision horizon


• integrity of modeling

Expense Growth

FY13 = balanced budget







Fiscal Strength

Enrollment

Student fees

State support

Grants (federal, state)

Other (
ESS
, Auxiliaries)



Expenditure
control

Reporting

Multi
-
year
planning

Analysis


Physical
infrastructure

Deferred maintenance

IT infrastructure



Endowment

Investments

Reserves

Debt



Fiscal Strength


Enrollment

Student fees

State support

Grants (federal, state)

Other (ESS, Auxiliaries)



Expenditure
control

Reporting

Multi
-
year
planning

Analysis


Physical
infrastructure

Deferred maintenance

IT infrastructure



Investments

Reserves

Debt

Planning for FY14


Expenditure control


fund consolidation


changes to budget process


Reporting


personnel
vs

operating


vacancy factor


expanded
mgmt

reporting


more education, training options



Multi
-
year
planning


greater involvement


make it meaningful


Analysis


expanded
partnerships btw academic & support areas


issue & policy papers

Fiscal Strength


Revenue
diversity

Enrollment

Student fees

State support

Grants (federal, state)

Other (private, ESS, auxiliaries)



Financial management

Expenditure
control

Reporting

Multi
-
year
planning

Analysis



Asset base

Physical
infrastructure

Deferred maintenance

IT infrastructure



Financial flexibility

Endowment

Reserves

Debt