MINNESOTA STATE COLLEGES AND UNIVERSITIES
Revenue Fund
Projected Finance Plans and Fund Balances, Combined
For the Fiscal Year Ending June 30, 2013
2012
2013
PROJECTED FINANCE PLAN:
Projected Income
Room and Board
Student Union Facility Fees
Parking Income
Wellness/Athletic Facility Fees
Misc. Fees and Commissions
Total Income
83,253,480
13,525,700
3,623,380
3,871,624
4,153,135
108,427,319
80,556,168
13,693,767
5,430,395
3,871,182
4,052,879
107,604,391
Projected Expenditures
Debt Service
Employee Services
Food Service Contracts
Other Operating Expenses
R&R Contribution
Deferred Maintenance
Total Expenditures
20,257,037
22,962,882
25,661,575
23,105,187
9,492,118
2,583,259
104,062,058
23,128,788
23,684,257
24,562,996
12,352,481
9,385,510
2,621,644
95,735,677
4,365,262
11,868,714
Net Income Before Interest Income
Projected Interest Income @
Capital Expenditures (Revenue Bonds)
Debt Service Reserve Fund
Operating Reserves
Undesignated Cash Balance
Campus (Res. Hall & Student Union)
Office of the Chancellor
Total Projected Interest Income
Projected Total Net Income
PROJECTED FUND BALANCES:
Restricted Funds Capital Expenditures (Revenue Bond)
Debt Service Reserve Fund
Total Restricted Funds
Unrestricted Funds Designated for Operating Reserve
Investment Interest Held for Universities
Undesignated Cash Balance
Campus (Revenue Fund Programs)
System Office
Total Unrestricted Funds
Total Fund Balance
0.75%
0.50%
459,450
174,156
124,360
446,300
146,104
73,957
139,851
24,225
922,042
99,020
17,790
783,171
5,287,303
12,651,885
51,000,000
23,220,846
74,220,846
89,500,000
29,220,846
118,720,846
16,581,276
500,000
14,791,382
275,000
18,646,745
3,230,000
38,958,022
19,804,034
3,558,000
38,428,416
113,178,867
157,149,262
MINNESOTA STATE COLLEGES AND UNIVERSITIES
Revenue Fund
Residence Hall Finance Plans FY 2013
OCCUPANCY-Projected
SQUARE FOOTAGE
BEMIDJI
1,329
493,273
MOORHEAD
1,700
491,543
MANKATO
2,650
717,626
ST. CLOUD
2,300
776,348
SOUTHWEST
758
294,338
WINONA
2,296
677,437
SUMMARY
11,033
3,450,565
REVENUE
Room and Board
Non-Room and Board
Rent
Interest Income
TOTAL REVENUE
9,324,040
174,925
209,000
30,000
9,737,965
10,472,367
325,000
25,000
10,822,367
19,294,079
720,091
181,397
75,776
20,271,343
15,844,800
492,090
75,334
110,000
16,522,224
5,152,000
135,000
75,000
15,000
5,377,000
18,185,776
436,000
84,050
80,000
18,785,826
78,273,062
2,283,106
624,781
335,776
81,516,725
EXPENDITURES
Employee Services
Dining/Food Service
Other Operating Exp.
Utilities
Materials & Supplies
R&R Contribution
Deferred Maintenance
Debt Service
SUBTOTAL
2,104,679
3,138,000
129,890
683,920
783,900
1,405,350
0
1,421,050
9,666,789
1,817,856
3,331,891
1,257,673
772,500
267,125
1,250,535
600,000
1,187,707
10,485,287
4,702,296
4,638,931
2,787,744
1,149,471
432,588
926,632
4,766,660
19,404,322
4,237,574
5,619,262
2,898,579
1,302,207
364,340
1,863,235
0
1,733,887
18,019,084
846,780
2,240,000
255,000
270,000
50,000
100,000
0
1,522,000
5,283,780
2,745,557
5,594,912
2,304,562
1,550,023
585264.58
1,294,845
968,845
3,142,457
18,186,466
16,454,742
24,562,996
9,633,448
5,728,121
2,483,218
6,840,597
1,568,845
13,773,761
81,045,728
64,890
51,631
195,000
105,250
67,279
112,100
596,150
9,731,679
10,536,918
19,599,322
18,124,334
5,351,059
18,298,566
81,641,878
FUND ASSESSMENT *
TOTAL EXPENDITURES
NET
Reserves (estimate)
Beginning
Ending
Months of operating reserve **
Repair & Replacement (estimate)
Beginning
R&R Contribution
R&R Expenditures
Ending
Other Details
R&R Contribution per SF
*
**
6,286
285,449
1,875,307
1,881,593
2,843,128
3,128,577
4.4
7.1
1,405,350
(1,405,350)
$
2.85
672,021
6,436,275
2,418,729 ***
2.1
2,934,410
1,250,535
(250,000)
3,934,945
$
2.54
926,632
(926,632)
$
1.29
(1,602,110)
25,941
487,260
7,906,874
6,304,764
47,183
73,124
4,809,030
5,296,290
23,917,797
23,792,644
7.2
0.3
6.2
5.9
2,177,502
1,863,235
(2,100,000)
1,940,737
$
2.40
100,000
(100,000)
$
0.34
-125,153
177,498
1,294,845
(1,294,845)
177,498
$
1.91
5,289,410
6,840,597
(6,076,827)
6,053,180
$
Covers Office of the Chancellor, legal and financial advisors, and the external audit.
MnSCU recommends minimum operating reserves sufficient to cover three months of operating expenses, less food service, R&R contribution and deferred maintenance.
1.98
MINNESOTA STATE COLLEGES AND UNIVERSITIES
Revenue Fund
Student Union Finance Plans FY 2013
ON CAMPUS ENROLLMENT
SQUARE FOOTAGE
BEMIDJI
3,562
76,576
MCTC
6,864
33,431
MOORHEAD
6,710
89,739
MANKATO
14,650
209,638
NORMANDALE
7,100
58,860
ST. CLOUD
13,250
181,465
SOUTHWEST
2,420
70,000
WINONA
7,945
121,955
SUMMARY
62,501
841,664
REVENUE
Fee Income
Other income
Interest Income - reserves
University Revenue
921,638
126,573
5,000
1,053,211
1,210,860
1,210,860
1,615,960
476,489
6,500
2,098,949
3,486,995
707,334
20,000
4,214,329
1,479,000
405,000
10,000
1,894,000
2,512,200
759,937
13,420
3,285,557
710,000
147,000
4,000
861,000
1,757,114
261,893
20,000
2,039,007
13,693,767
2,884,226
78,920
16,656,913
810,616
336,721
159,398
40,000
252,167
174,372
306,307
2,079,581
1,457,893
278,997
447,000
106,700
605,854
277,427
985,833
4,159,704
141,400
100,940
144,200
104,200
76,995
1,708,435
310,687
265,865
148,233
466,365
445,244
156,000
130,000
40,000
25,000
699,869
235,413
326,763
54,640
210,110
420,000
1,022,587
81,200
24,217
30,000
14,963
60,000
50,000
883,325
1,143,705
1,306,000
1,873,735
271,000
3,170,585
50,000
846,244
1,946,795
5,872,803
1,532,975
1,607,399
528,736
1,926,759
971,799
3,802,465
16,242,936
10,000
29,126
19,368
42,125
50,013
20,000
10,000
10,000
190,632
1,032,587
1,172,831
2,098,949
4,201,829
1,923,748
3,190,585
856,244
1,956,795
16,433,568
20,624
38,029
94,972
4,756
82,212
223,345
Operating Reserve (estimate)
Beginning
Ending
263,083
283,707
1,691,567
1,729,596
505,201
505,201
1,040,015
1,052,515
2,400,000
2,370,252
591,368
686,340
111,745
116,501
1,537,753
1,619,965
4,049,165
4,264,229
Months of operating reserve **
4.6
20.1
3.7
3.8
16.0
3.0
1.7
14.8
3.8
EXPENDITURES
Employee Services
Other Operating Exp.
Utilities
Materials & Supplies
R&R Contribution
Deferred Maintenance
Debt Service
SUBTOTAL
528,146
90,000
104,173
20,000
230268
50,000
FUND ASSESSMENT*
TOTAL EXPENDITURES
NET
Repairs & Replacements (estimate)
Beginning
R&R Contribution
R&R Expenditures
Ending
847,466
280,268
(230,268)
897,466
-
60,000
60,000
12,500
3,470,430
445,268
(70,000)
3,845,698
(29,748)
806,492
883,281
(997,894)
691,879
129,362
76,995
206,357
1,009,369
466,365
(460,000)
1,015,734
15,000
25,000
(25,000)
15,000
936,667
630,110
(630,110)
936,667
7,214,786
2,867,287
(2,413,272)
7,668,801
Other Details
R&R Contribution per Square Foot
*
**
$
3.01
$
1.79
$
2.81
$
2.89
$
1.31
$
2.57
Covers Office of the Chancellor, legal and financial advisors, and the external audit.
MnSCU recommends minimum operating reserves sufficient to cover three months of operating expenses, less R&R contribution and deferred maintenance.
$
0.36
$
1.72
$
2.29
MINNESOTA STATE COLLEGES AND UNIVERSITIES
Revenue Fund
Parking Finance Plans FY 2013
MCTC
SQUARE FOOTAGE
Number of Parking Stalls
ST. CLOUD
CENTURY
SAINT PAUL
NORMANDALE
ALEXANDRIA
SUMMARY
158,798
500
700,000
1,897
196,756
610
212,780
3,229
298,000
1,376
2,041,334
9,072
475,000
1,460
REVENUE
Fee Income (per credit /permits/contracts)
Other income (paybox, attendant, fines etc)
Interest Income
TOTAL REVENUE
699,194
469,806
1,169,000
EXPENDITURES
Employee Services
Other Operating Exp.
Utilities
Materials & Supplies
R&R Contribution
Deferred Maintenance
Debt Service
SUBTOTAL
246,987
208,152
87,500
48,734
50,000
454,557
1,095,930
5,000
15,000
277,982
20,000
32,782
50,000
387,800
529,837
70,399
1,166,329
FUND ASSESSMENT*
TOTAL EXPENDITURES
NET
$
Per Stall
801
67,000
465,000
15,000
547,000
Months of operating reserve **
Repair & Replacement
Beginning
Ending
R&R $ per Square Foot
R&R $ per stall
$
$
958,880
10,300
$
Per Stall
511
938,890
158,325
1,097,215
969,180
$
Per Stall
1,799
1,514,640
23,000
4,000
1,541,640
$
Per Stall
476
$
124,360
1,000
125,360
$
Per Stall
91
4,302,964
1,127,431
19,000
5,449,395
511,025
891,789
45,000
119,000
3,000
12,000
4,000
26,000
903,288
1,112,288
115,000
256,020
15,450
25,000
202,000
819,156
1,432,626
69,698
111,698
411,237
1,020,941
125,950
123,516
271,000
76,000
3,145,524
5,174,168
17,163
16,100
30,642
40,000
1,413
175,717
547,000
907,889
1,142,930
1,472,626
113,111
5,349,885
-
42,000
61,291
(45,715)
69,014
12,249
99,510
490,228
492,899
161,656
161,656
233,969
295,260
775,000
729,285
150,000
219,014
397,850
410,099
2,208,703
2,308,213
2.7
3.8
4.2
8.1
2.1
44.1
10.8
200,000
20,000
142,020
151,020
50,000
50,000
4,000
8,000
200,000
402,000
0.04
13.70
$
$
* Covers Office of the Chancellor, legal and financial advisors, and external audit.
** Operating reserves sufficient to cover three months of operating expenses, less R&R
contribution and deferred maintenance.
Parking Fees
Metro - $5.00/entry for cash; $2.50/entry for prepaid cards
St. Cloud - $1.00 per hour ($8.00/daily maximum), $400 per yearly permit
Century - $4 per credit ($120 annual maximum)
Saint Paul College - Daily usage fee $2.50
Normandale - $7 per credit ($210 annual maximum)
Days/academic year
Full time student days
Per Stall
1,064
4,250
117,787
2,671
CAMPUS RESERVES - estimate
Operating Reserve
Beginning
Ending
$
165
109
0.95
302.04
$
$
0.07
26.36
$
$
0.04
13.11
$
$
1.89
124.50
$
$
-
596,020
631,020
MINNESOTA STATE COLLEGES AND UNIVERSITIES
Revenue Fund
Wellness/Recreation Facilities Finance Plans FY 2013
ON CAMPUS ENROLLMENT
SQUARE FOOTAGE
REVENUE
Facility Fees
Rent
Retail Sales
Other Revenue
Interest Income
TOTAL REVENUE
EXPENDITURES
Employee Services
Other Operating Exp.
Utilities
Materials & Supplies
R&R Contribution
Deferred Maintenance
Debt Service
SUBTOTAL
ANOKA
RAMSEY CC
4,569
41,000
MSU,
MANKATO
14,525
49.3 acres
MSU
MOORHEAD
6,710
43,000
MSCTC
MOORHEAD
1,968
5,400
719,618
850,000
1,096,000
719,618
8,000
858,000
53,500
15,000
1,164,500
236,160
32,875
2,500
10,300
3,200
2,500
5,000
118,945
175,320
588,630
1,391,880
945,475
165,117
240,553
219,880
347,154
5,000
2,407,038
4,330,217
129,888
1,075,676
200,000
106,272
184,100
7,500
1,467,276
3,871,182
200,000
343,872
30,500
4,445,554
491,344
684,419
502,119
695,498
20,000
22,218
43,050
7,500
20,000
112,768
704,419
717,716
1,426,150
182,820
1,411,880
4,442,985
15,199
140,284
53,340
55,396
2,569
Operating Reserve (estimate)
Beginning
Ending
465,634
480,833
590,353
730,637
2,606,000
2,344,350
40,000
93,340
525,775
581,171
4,227,762
4,230,331
Months of operating reserve **
8.4
13.9
23.9
6.7
5.3
12.8
Repairs & Replacements (estimate)
Beginning
R&R Contribution
R&R Expenditures
Ending
-
119,831
62,654
182,485
207,000
2,500
2,500
TOTAL EXPENDITURES
NET
50,000
2,000
47,470
16,087
103
67,065
62,654
SUMMARY
35,717
175,766
320,000
58,100
72,000
20,000
207,000
706,000
1,383,100
FUND ASSESSMENT*
141,075
WINONA SU
7,945
86,366
(261,650)
207,000
404,055
88,430
108,150
127,615
75,000
100,000
125,000
(75,000)
150,000
426,831
190,154
(75,000)
541,985
Other Details
R&R Contribution per Square Foot
N/A
N/A
$
4.81
$
0.46
$
0.87
* - Covers Office of the Chancellor, legal and financial advisors, and the external audit.
** - MnSCU recommends minimum operating reserves sufficient to cover three months of operating expenses, less R&R contribution and deferred maintenance.
$
1.98