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Financial Indicators. Presented to the Board of Trustees March 10, 2010. State of Illinois General Fund Appropriations Fiscal Year 2010. $28.5 Billion. $2.7 Billion. State of Illinois – General Revenue Fund Estimated Accumulated Unpaid Vouchers. TOTAL ACCOUNTS PAYABLE - PowerPoint PPT Presentation
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UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGNCHICAGOSPRINGFIELD
Presented to the Board of TrusteesMarch 10, 2010
Financial Indicators
2
State of Illinois General Fund AppropriationsFiscal Year 2010
$28.5 Billion $2.7 Billion
3
State of Illinois – General Revenue FundEstimated Accumulated Unpaid Vouchers
Dollars in BillionsTOTAL ACCOUNTS PAYABLE
At end of fiscal year
Projected unpaid vouchers
Contributions owed to state pension systems
Payment on FY 2010 pension borrowing
Loss of one-time federal stimulus aid
Miscellaneous revenue losses/sweeps
$6 billion
$4.1 billion
$0.8 billion
$1.5 billion
$350 million
PROJECTED FY 2011 REVENUE SHORTFALL APPROACHES
$13 billion
nearly
FY 2010: Nearly $6 billion (projected)
Source: Chicago Tribune
4
Cumulative Change in State Tax Appropriation
-20.9%-20.4%
-14.0%
In Constant 2009 Dollars (CPI)
FY02 – FY10 exclude $45 million from higher education for Health Insurance payment to CMS.
ISAC
Community Colleges
Universities
30.7%Elementary/Secondary
5
Unrestricted $1,853.3M Unrestricted $1,853.3M
Where Does the Money Come From?FY 2010
Where Do the Dollars Go?FY 2010
UnrestrictedInstructional Funds
6
Collected Billed Appropriation
Rescission Stimulus
In Millions
$388
$680
$724
$19$743
$133
$617
$697.5
$45.5$743
2009 20102008
$542
$665
$722
$722
State Appropriation RevenueUnrestricted Funds
Billings and Collections through February 28, 2010
7
UI Month End GRF ReceivableFiscal Year 2007 through Fiscal Year 2010
In Millions
Month End General Revenue Fund Receivable
* *
* The first two months of FY10 have receivables from FY09 still outstanding. The receivable amount for each month in millions is as follows: July $77; August $44.
8
In Constant 2009 CPI Dollars
Original Appropriation
Spending Authority
UI Direct State Tax Appropriations (GRF)Fiscal Year 2000 – Fiscal Year 2010
In Millions
9
Income Fund (Tuition) RevenueUnrestricted Funds
Fiscal Year 2006-2010; collections through February of Fiscal Year 2009-2010In Millions
11.1%
10.9%
8.2%
12.7%
Annual tuition revenue increased by 50.2% in total from FY06-FY10
$655$722
MAP
10
State and Income Fund FY 2000 – FY 2010• Total Enrollment FY 2000 over 67,000
• Total Enrollment FY 2010 over 75,000
General Tax Funds
Income Fund
In Millions
In Constant 2009 CPI Dollars
11
Sponsored Projects RevenueRestricted Funds
Budget Fiscal Year 2006-2010; Actual through February Fiscal Year 2009-2010In Millions
Sponsored project revenue increased by 12.7% in total from FY06-FY10
$640
$442$407
$721
$636$614$609
-4.8% .8% 3.6%
13.4%
Thru 2/28
Thru 2/28
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$232$237$247$248
$233
$127
$114$116$118
$149
$60 $58 $61$67
$74
$59$52$49$45$49
$0
$50
$100
$150
$200
$250
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009
HHS NSF Education Defense USDA Energy Other
Federal Grants and Contracts ExpendituresAll Functions – Total University
In Millions
13
Total Research & Development ExpendituresFY 2008
$0
$75
$150
$225
$300
$375
$450
$525
$600
UIUC NW U of C UIC Rush SIUC Loyola SIUE Il Inst ofTech
NIU Finch
Source: National Science Foundation (fiscal year 2008 is latest data available)
National Ranking29
154
207 228264
32
4956
197
139
253
In Millions
14
Hospital Revenue/Expense/Net IncomeFiscal Year 2009 versus Fiscal Year 2010 through January 31
In Millions
15
Personal Services ExpendituresFiscal Year 2006 through Fiscal Year 2010
In Millions
1.8%3.2%
1.3% 3.4%
Personal Services expenditures increased by $186 million or 10% in total from FY06-FY10
16
Utility Budget versus Actual ExpendituresFiscal Year 2005 through Fiscal Year 2010
In Millions
FY10 Actual is through 1/31/10
17
University of IllinoisTotal Debt by Type
$692.4
$803.1
$1,018.1
$1,098.7$1,131.0 $1,202.2
$1,322.2
$1,693.9
$1,543.5
$1,686.9
In Millions
18
University of IllinoisTotal Debt by Campus
$692.4
$803.1
$1,018.1
$1,098.7
$1,131.0 $1,202.2
$1,322.2
$1,693.9
$1,543.5
$1,686.9
In Millions
19
Information Technology ExpensesFiscal Year 2009 Total = $202 Million
20
Information Technology Expensesby Campus
$202 Million Total