Tab E-5 Financial Presentation to the Board of Trustees, March, 2016 for the year ended June 30, 2015 Millions Operating Revenues and State Appropriations 90 80 70 60 50 40 YTD 30 20 10 0 Student tuition and fees, net Grants and contracts Sales and services, net Other operating revenues State appropriations 2011 $38,017,717 $5,312,767 $29,944,041 $1,419,794 $72,476,474 2012 41,572,708 6,347,506 31,718,640 1,542,271 80,114,791 2013 46,456,244 4,862,109 34,014,524 1,580,162 83,122,918 2014 51,390,655 4,215,119 35,762,418 1,682,025 82,461,935 2015 54,131,549 4,974,886 39,039,606 1,627,527 85,513,070 Millions Other Revenues and Additions 25 20 15 YTD 10 5 0 Noncapital grants Noncapital Gifts, net Investment income State capital appropriations Capital grants Additions to endowments 2011 $21,879 $2,430,559 $7,495,802 $0 $19,695,715 $2,520,805 2012 384,429 2,968,600 157,478 0 13,661,295 1,607,420 2013 678,468 3,291,181 5,474,447 390,800 4,011,444 1,396,998 2014 903,436 3,347,201 9,331,116 2,566,307 283,582 1,924,058 2015 1,095,413 4,942,677 2,831,905 0 1,527 1,303,953 AMOUNT Comparison of State Appropriations v. Tuition& Fees (Net) 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 0 State Appropriatons 2011 2012 2013 2014 2015 State Appropriatons $72,476,474 80,114,791 83,122,918 82,461,935 85,513,070 Tuition & Fees (Net) Tuition & Fees (Net) $38,017,717 41,572,708 46,456,244 51,390,655 54,131,549 Tuition as a Percentage of Tuition and Appropriations 39% 38% 37% 36% 35% 34% 33% 32% 31% Tuition as a percentage of Tuition and Appropriations 2011 2012 2013 2014 2015 Revenues by Source June 30, 2015 Other Operating 1% Noncapital Grants Student Aid 11% Sales & Services 18% Grants and Contracts 2% State Appropriations 39% Student Tuition & Fees 24% Other Nonoperating 4% Investment Income 1% YTD ACTUAL Millions Select Operating Expenses 140 120 100 80 60 40 20 0 Salaries and Benefits Supplies and Materials Services Scholarships and fellowships Utilities Interest and fees on debt 2011 $105,400,680 $16,482,141 $28,785,638 $11,191,330 $4,787,239 $5,350,681 2012 105,309,261 17,234,906 31,259,379 10,287,024 4,910,667 5,120,933 2013 111,495,986 19,085,916 34,294,251 10,561,456 5,206,453 5,503,432 2014 113,543,344 21,046,093 34,885,560 11,446,429 5,410,822 5,145,709 2015 119,374,453 20,953,284 38,981,614 11,308,247 5,190,654 5,289,922 Expenses by Classification June 30,2015 Interest & Fees 3% Depreciation 4% Utilities 2% Scholarships & Fellowships 5% Services 19% Salaries & Benefits 57% Supplies & Materials 10% Millions Breakdown of Long-term Debt 160 140 120 100 BALANCE 80 60 40 20 0 Bonds Certficates of Participation* Leases* 2011 41,315,000.00 63,557,098.00 2012 53,460,997.87 2013 Net Pension Liability Other Total 1,341,152.56 5,961,675.38 112,174,925.94 62,485,737.00 851,411.92 5,986,265.61 122,784,412.40 51,830,319.24 61,330,000.00 203,909.43 6,549,297.80 119,913,526.47 2014 50,344,912.42 59,870,000.00 190,247.40 17,217,410.00 6,788,590.04 134,411,159.86 2015 48,827,732.90 58,140,000.00 110,689.44 3,436,600.00 10,599,369.12 121,114,391.46 *Restated to reflect blending R&D Corp Millions Long-term Debt Compared to Net Position 450 400 350 300 BALANCE 250 200 150 100 50 0 Net position Long-term Debt 2011 342,084,333.18 112,174,925.94 2012 375,985,325.82 122,784,412.40 2013 392,868,070.40 119,913,526.47 2014* 409,883,906.90 134,411,159.86 2015 407,423,234.76 121,114,391.46 *Restated to reflect net pension liability Long-term Debt as a Percentage of Net Position 2011 2012 2014 2013 2015 L-T Debt as % of Net Position 2011 33% 2012 33% 2013 31% 2014* 33% 2015 30% *Restated to reflect net pension liability 34% 33% 33% 32% 32% 31% 31% 30% 30% 29% 29% Net Position by Classification, June 30, 2015 $407,423,235 Total Unrestricted, $61,189,878 Restricted Expendable, $38,491,125 Restricted Nonexpendable, $39,012,066 Net Investment in Capital Assets, $268,730,166 Summary Clean audit opinion from OSA Net Position is still strong Questions? Contact: David Steinbicker University Controller 828-227-3112 bdsteinbicker@email.wcu.edu