The University of Texas at
San Antonio
FY11 Annual Financial Report
Operating Statement (SRECNA)
Highlights
March 29, 2012
Annual Financial Report Highlights
The Annual Financial Report (AFR) is made up of three
primary statements with many supporting schedules.
1. Balance Sheet – Explains what we own, our
obligations and what is available.
2. Statement of Revenues, Expenses and Changes
in Net Assets (SRECNA) – Shows the results of
operations for the year.
3. Statement of Cash Flows – Shows what revenue
came in, what was expended and what is left.
2
The Statement of Revenue, Expenses, and Changes
in Net Assets (SRECNA) . This statement is called the
“Operating Statement” as it reports the results of
UTSA Operating Revenues ($ in millions)
operations for the year.
Student Tuition and Fees Net
- Net
of Discounts
of Discounts

Tuition and Fees increased by $3.8M (2%).
Sponsored Programs

Sponsored Programs increased by $13.1M (20%)
due to increase in Texas Grant of $7.3M and Federal
Programs of $3M.
Sales and Services of Educational Activities
Auxiliary Enterprises increased by $3.4M (14%) due
to increases in housing, food service and parking
revenue.
Total Operating Revenues







Other
Total Operating Expenses
Operating Loss
9.6
6.7
15.1
27.4
2.5
2.5
240.6
291.6
315.6
451.7
( 160.1)
(75.0)
Operating Loss does not include State Appropriations Non-Operating
Nonoperating Revenues (Expenses):
and Pell revenue. Operating expenses outpaced
State Appropriations
Appropriations
State
operating revenues causing a slight increase of
$2.8M (22%).
Federal
Non-Exchange Sponsored
Gift Contributions
98.1
112.5
3.8
58.5
Programs
and
Non-Exchange
Pass
Through
Net Investment Income (Loss)
10.9
State Appropriations decreased by $8.9M due to
Gift Contributions
6.5
budget cuts of $12.4M in FY11 and $3.5M in FY10.
Net Inc. (Dec.) in Fair Value of Investments
12.4
Net Investment Income (Loss)
12.1
Gain/(Loss) on State of Capital Assets
(0.1)
Federal Non-Exchange Sponsored Programs and
Net Inc. (Dec.) in Fair Value of Investments
23.0
Non-Exchange Pass Throughs increased due to
Other Nonoperatin Revenues/Expenses
0.0
increase in Pell Awards of $7.4M.
Income
Incomeg(Loss)
(Loss) Before
Before Other
Other Revenues,
Revenues, Expenses, Gains52.5
Expenses, Gains or Losses
50.1
Net Inc. (Dec.) in Fair Value of Investments increased or Losses
Gifts and Sponsored Programs
.1
by $5.3M due to a more positive market.
Gifts and Sponsored Programs
0.0
15.7
Additions
Additions to
to Permanent
Permanent Endowments
Endowments
4.0
Additions to Permanent Endowments were $15.7M
Re-Class
From
(To)
Institutions
(41.4)
Reclass From (To) Other Institutions
(48.7)
predominately due to McKinney Scholarship
Endowment gift of $12.6M.

Auxiliary Enterprises
2011
2007
174.3
143.5
777.8
72.8
Mandatory Transfers represent debt service
payments and Non-Mandatory Transfers represent
anticipated bond proceeds used to fund construction
projects.
Change in Net Assets was $56.6M. This is
predominately due to increases in FMV of
investments and construction projects.
Mandatory
(29.7)
Mandatory Transfers
Transfers - Comp & Sys
-Debt Svc
(19.7)
Admin
Non-Mandatory
62.1
Nonmandatory Transfers
Transfers
- Comp & Sys Admin
141.9
2010
2006
170.5
118.7
64.7
73.
28.9
6.0
24.0
14.
22.6
3.2
215.3
270.7
293.8
428.0
(157.3)
121.4
97.
13.5
50.4
6.1
8.8
4.1
8.7
17.7
0.0
49.7
32.
.3
20.6
10.2
4.9
13.0
19.8
Transfers
Transfers From
From (To)
(To) Other
Other State
State entities
entities
(2.7)
(1.4)
(31.5)
(16.6)
1.2
28.
6
(2.3)
Change in Net Assets
Change in Net Assets
Net Assets, Beginning of the Year
Net Assets, Beginning of the Year
126.2
56.6
635.1
924.3
68.
40.6
7
566.4
883.7
Net Assets, End of the Year
Net Assets, End of the Year
980.9
761.3
924.3
635.1
3
UTSA FY11 Sources of Revenue
by Category
Operating Sources by Category
($ in Millions)
State of Texas
$136.5
28%
Federal Government
$108.0
23%
Institutional
Resources
$62.4
13%
Student & Parent
$174.3
36%
4
UTSA FY11 Sources of Revenue
Operating Sources
($ in Millions)
Local Government Grants
$1.2
0%
Endowment & Interest
Income
$12.1
2%
Federal Grants &
Contracts
$108.0
23%
Private Gifts & Grants
$9.7
2%
Sales & Services
$9.6
2%
Net Auxilary
$27.4
6%
Other Income
$2.4
1%
State Appropriations
$109.1
22%
State Grants & Contracts
$24.0
5%
Tuition & Fees
$174.3
36%
Research Development
$3.4
1%
5
UTSA FY11 Uses of Funds
Operating Uses
($ in Millions)
Auxiliary Enterprises
$33.1
9%
Scholarships and
Fellowships
$ 43.6
8%
Operations and
Maintenance of Plant
$40.9
10%
Institutional Support
$45.1
11%
Student Services
$23.9
6%
Capital Outlay
$8.9
2%
Instruction
$120.0
28%
Research
$46.1
11%
Public Service
$18.8
5%
Academic Support
$40.9
10%
6
Reconciliation of Research Expenditures to
AFR Operating Expenses - Research
Reconciliation:
FY11
FY 10
46,104,031
38,492,053
Facilities and Administration (F&A)
7,275,702
6,870,352
Capital Outlay
3,454,128
3,289,557
56,833,861
48,651,962
Statement of Revenues, Expenses and
Changes in Net Assets- Research Expenses
*Total Research Expenditures
* As Reported on THECB Research Expenditure Report
7
Expense Classification Summary
FY 2010

Salaries/Wages and other
Payroll Related Costs
FY2011
% Change
265,353,729
270,321,445
5%
3,606,113
5,105,843
42%
2,012,051
3,838,676
91%
9,288,890
7,361,325
-21%

Professional Fees and Services

Communications

Repairs and Maintenance

Scholarships and Fellowships
42,864,024
47,920,961
12%

Depreciation and Amortization
37,552,488
39,343,965
5%

All Other Classifications
76,312,125
77,837,262
2%

Total Operating Expenses
427,989,421
451,729,477
6%
8
UTSA FY11 AFR Summary
 UTSA continues to receive a “Satisfactory” rating from
UT System as a result of a healthy financial condition.
 UTSA’s operating margin ratio decreased from 3.7%
for FY 2010 to 2.8% for 2011. The decrease in
operating margin is attributable to growth in both total
operating revenues of $20.2M and total operating
expenses of $23.9M.
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