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FY2012 Recap
Annual Financial ReportDivision of Business Affairs
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1. Financial Position2. Revenues and Expenditures3. Specific Financial Activities
a. HEAF (Higher Education Assistance Funds)b. Student Service Feesc. University Business Servicesd. Endowments
4. Major Projects Completed/Current
Contents
Financial Position
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Net Assets
UTPA’s Annual Financial Condition Rating: Satisfactory
CFI UTPA Trend
Overall CFI score ranges from -4 to 10. Core ratios (and weights): Primary Reserve (35%), Expendable Resources to Debt (35%), Return on Net Assets (20%), and Annual Operating Margin (10%).
Composite Financial Index (CFI) measures the overall financial health of an institution by combining four core ratios into a single score. The threshold for good financial health is3.0.
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Note: For FY12, UTPA’s adjusted CFI is 4.0 after excluding the Expendable Capital Projects of $35.6M for the Fine Arts Complex. This reporting standard will be in effect consistently in FY2013 for all UT Institutions.
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Scale for Charting CFI – FY12 UTPA 4.7 (adjusted 4.0)
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Financial Position – CFI
FY2011
FY2012
UT System Academics
UTPA adjusted CFI 4.0
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Annual Operating Margin Ratio
Is the institution living within its available
resources.
FY12 UT System Academics
UTPA Trend
Operating Expense Coverage Ratio
Number of months an institution can cover
future operating expenses
FY12 UT System Academics
UTPA Trend
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Debt Capacity - UTPAMust meet 2 out of 3 benchmarks
Only Austin 4.2% and Brownsville 4.8% meet the maximum threshold
Outstanding Debt at 8/31/12- UTPA
*Properties funded by TRB debt include the Fine Arts Complex (in progress), Engineering Building, Education Complex, Thermal Energy Plant Expansion, General Classroom Project, New Computer Center, Academic Annex, Campus Entrance/Visitor's Center, Admin Offices Renovation, and the Starr County Upper Level Center.
Property Payment Source Balance Fully Paid in…Tuition Revenue Bond (TRB) Projects* E&G (State Appropriation) 54,500,000 FY 2022Wellness-Rec Sports Center Aux (Recreation Fee) 22,875,000 FY 2038Student Housing - Unity Hall Aux (Housing Rev) 9,350,000 FY 2027Existing Science Renovation E&G (HEAF) 3,550,000 FY 2019Student Housing - Bronc Village Aux (Housing Rev) 2,855,000 FY 2022Student Union Aux (Student Union Fee) 2,790,000 FY 2020Land E&G (HEAF) 2,675,000 FY 2036Student Health Clinic Des (Med Svcs Fee) 1,400,000 FY 2038Academic Service Bldg E&G (HEAF) 820,000 FY 2016Equipment Financing E&G (HEAF) 694,000 FY 2015 Total $101,509,000
FY 2012 Debt ServicePrincipal $7,487,052
Interest 4,405,599
Total $11,892,651
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Administrative Cost Ratio
Ratio of institutional support expenses to total expenses (excluding auxiliaries and service departments)
UTPA Trend
FY2012 UT System Academics
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Revenues
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Revenues (comparison w/prior years)
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Revenues – Comparison with Prior Years
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Revenues – Comparison with Prior Years
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General Revenue
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Sponsored Programs
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Restricted Expenditures(Excluding Financial Aid)
Research Non Research Total
Expenditures Expenditures Expenditures
1 College of Health Sciences & Human Services $ $ 2,855,746 $ 2,855,746
2 College of Engineering & Computer Science 3,257,060 395,007 3,652,067
3 College of Science & Mathematics 2,328,002 624,067 2,952,069
4 College of Social & Behavioral Sciences 441,548 30,171 471,719
5 College of Education 775,119 197,930 973,049
6 College of Arts & Humanities 72,887 202,323 275,210
7 College of Business Administration 13,761 405,191 418,952
8 Division of Academic Affairs 61,336 510,495 571,831
9 Division of Student Affairs 4,966 5,627,516 5,632,482
10 Division of Business Affairs 2,238,417 2,238,417
Total $ 6,954,679 $ 13,086,863 $ 20,041,542
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Expenditures
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Total Expenses (comparison with prior years)
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Total Expenses (comparison w/prior years)
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FY2012 Personnel Costsby College/Division
Support Staff/Other category includes Work-Study, Direct Wage, Special Assignment/Part-Time Staff, Overtime Pay, Accrued Vacation, Longevity.
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FY2012 Scholarships by College/Division
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Specific Financial Activities
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HEAF (Higher Education Assistance Funds)
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HEAF
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Student Service Fees
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Student Service Fees Collected
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Student Service Fee AllocationSSF Revenue Sources* SSF Revenue Distribution
Net Increase/Decrease in Fair Market Value of
Investments$2,8460.04%
Net Student Service Fees$6,694,363
99.0%
Interest Income$61,840
0.9%
SSF Reserve -Athletics$105,505
1.6%
SSF Reserve -Other Student
Activities$825,289
12.2%
Other Student Activities
$2,914,73343.2%
Athletics$2,907,830
43.1%
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University Business Services
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University Business ServicesRevenue by Source
$685,695 $699,245
$662,504
$284,860 $311,130$297,460$242,890 $228,288$168,960*
FY 10FY 11 FY 12
*Food Services revenue does not include $2.25 million paid to the University by Sodexo for improvement/expansion of food service venues.
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University Business ServicesExpenditures & Transfers
Maintenance and Utilities$202,444
5.4%
Operational Support
$315,0798.3%
Funding for University Projects and Initiatives
$3,257,24586.3%
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University Business ServicesOfficial Ring Program
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Endowments
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Endowments – UTPAFiscal Years 2003-2012
'03 '04 '05 '06 '07 '08 '09 '10 '11 '120.00
5,000,000.00
10,000,000.00
15,000,000.00
20,000,000.00
25,000,000.00
30,000,000.00
35,000,000.00
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Endowment Comparison w/UT System Academics, 8/31/12
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Major ProjectsCompleted/Current
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◦ Haggar Renovations (Community Engagement & Student Success Building)- Total project cost (as of 8/31/12): $3,636,587
◦ Annex Renovations (Visual Arts Building)- Total project cost (as of 8/31/12): $3,335,905
Major Projects Completed
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Major Projects Completed◦ Food Services Expansion (Phase I)
Sandella’s Jazzman’s- Total projected cost: $1,178,630
Expenses as of (8/31/2012): $808,239.70
◦ Parking Lot ImprovementsExpansion of Lots T-1 & T-2 (500new spaces north of Education Building)- Total project cost (as of 8/31/12):
$770,055
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Major Projects Completed
Software Implementation
◦ SciQuest Implementation (iShop Procurement System) - Total project cost (as of 8/31/12): $562,403
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Major Projects Current Projects Underway for FY2013 and beyond
◦ Construction
• Fine Arts Academic and Performance ComplexProjected total cost: $42,696,000- Expenses (as of 8/31/12): $4,696,947
• Academic & Administration Building AdditionProjected total cost: $11,900,000- Expenses (as of 8/31/12): $62,538
University Financial Services Building (previously Land & Title Company building) Projected total cost: $1,800,000
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Major Projects Current Projects Underway for FY2013 and beyond
◦ Construction Food Services Expansion Phase II
Total projected cost: $2,531,378Total project cost ( as of 8/31/12): $1,245,481
Project A - Taco Poncho’s Remodel Total projected cost: $528,689
Project B – Student Union Food Court-Slice of Life-Chick-fil-A-Mein Bowl
Total project cost: $1,130,298
Project C – Game room Conversion to Retail-C Store-Sub-Connection-Starbucks
Total projected cost: $872,391
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Major Projects Current Projects Underway for FY2013 and beyond
◦ Safe Room (Shelter Dome)- Projected total cost: $4,950,000
◦ Physician’s Assistance Program relocation to current Bookstore- Projected total cost: $2,900,000
◦ Bookstore relocation to Learning Resource Center (Library) - Pending estimate for projected total cost
◦ Heating, Ventilation and Air Conditioning Projects Health & Physical Education Bldg & Field house - Projected total cost: $925,000 Physical Science Building - Projected total cost: $550,000 University Cafeteria - Projected total cost: $250,000
◦ Additional Parking Lots Improvements Projects LAMAR - Projected total cost: $910,000 International Trade and Technology (ITT) - Projected total cost: $212,505
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Major Projects Current Projects Underway for FY2013 and beyond
◦ Software Implementation
• Budget & Planning Software (Hyperion)Projected total cost: $852,337- Expenses (as of 8/31/12): $702,919
• Oracle R12Projected total cost: $ 1,583,197- Expenses (as of 8/31/12): $ 63,530
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Q & A and For More Info…
Contact:
On the Web: http://portal.utpa.edu/utpa_main/dba_home/comptroller_home