Board of Regents
Finance, Audit & Investment
Committee Meeting
Financial Update
October 30, 2012
General Fund Revenues and Expenditures
Full Year Budget
$290.6M $290.6M
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$50,000,000
$-
YTD through Sept 30th
$106.1M $81.6M
Revenue
Expense
Auxiliaries Fund Revenues and Expenditures
$50,000,000
Full Year Budget
$42.1M $42.1M
$40,000,000
$30,000,000
Revenue
Expense
$20,000,000
$10,000,000
$-
YTD through Sept 30th
$12.4M $6.9M
Grants and Contracts Awarded
$11.3M
$12,000,000
$10.4M
$10,000,000
$8,000,000
Awarded $2.3M
or 22% through
August 31,
2011
Awarded $2.9M
or 26% through
August 31,
2012
$6,000,000
$4,000,000
$2,000,000
$FY12 Actual
FY13 Target
FY13 YTD
Fundraising
$11.5M
$12,000,000
$10,000,000
$8,000,000
Received $5.9M
or 51% through
September 30,
2011
$8.5M
Received $1.1M
or 13% through
September 30,
2012
$6,000,000
$4,000,000
$2,000,000
$FY12 Actual
FY13 Target
Number of Donors thru September 30th, 2011 = 1,767, 2012 = 1,450
FY13 YTD
Cash and Investments (excl. Bond Proceeds)
Long-term Investments
•Fixed Income - $28.3M, 69.8%
•Domestic Equities - $10.2M, 25.2%
•Int’l Equities - $2.1, 5.0%
Total cash and
investments of $73
Million as of
September 30, 2012
Cash & short-term
24%
$17.3 Million
Long-term
55%
$40.6 Million
Intermediateterm 21%
$15.1 Million
Portfolio Returns
YTD Budget
YTD Actual
$0.8M thru 9/30
$1.4M thru 9/30
Information Technology Report
•
Wireless Upgrades
– Installation of enhanced wireless systems in the science complex is complete.
– Detailed wireless assessment study is complete.
– Additional installation scheduled for FY13 include Marshall, Porter, Quirk, and
Roosevelt.
•
Voice over (VoIP) Telephone Conversion
– Conversion of phone services to the new Cisco VoIP system for Halle and Porter is
complete.
– Additional phone conversions scheduled for FY13 include Pierce, Sill, and Strong.
•
Classroom Technology
– Initial planning meetings for installing new instructional technology in classrooms
were held.
– AJP Consulting will be retained to complete a detailed assessment and
implementation schedule for 50 priority classrooms.
•
Data Center Storage
– The data center storage arrays were upgraded to allow for increased capacity,
improved reliability, and faster backup processing.
•
Admissions Process Improvement Project
– IT continues to work closely with Grant Thornton and A&SA on implementing the
technology systems and interfaces identified to improve the admissions process.