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