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1 Key Performance Indicators (KPI’s) Mid-Year Report University of the Virgin Islands Board of Trustees Meeting March 15, 2008 Prepared by: Office of Institutional Research and Planning 2 Spring 2008 – Mid-Year Report „ Key Performance Indicators ƒ Financial ƒ Research ƒ Development 3 Financial Indicators 4 Financial Indicators* – FY 06-07 „ VI Government Support 13% „ UVI Operating Revenues** 9% (unrestricted) * Financial Indicators refer to Operating Revenues based on actual revenues and not projected revenues. (Source: Administration and Finance – UVI) **Operating Revenues (unrestricted) = tuition and fees + government operating appropriations + auxiliary + miscellaneous income. (Source: Administration and Finance – UVI) 5 Operating Appropriations from VI Government to UVI 23 29 26 $0 $10 $20 $30 2005 2006 2007 Millions FY Annual Appropriations ƒ VI Appropriations 13%* over FY ’06 ƒ Ratio VI APP. to UVI Operating Budget – 1:.62 .02 (2006) *Based on actual numbers, not rounded numbers. ($29,227,207-$25,866,338) =12.99% $25,866,338 6 UVI’s Total Operating Revenues* 47 40 43 $0 $10 $20 $30 $40 $50 2005 2006 2007 Millions FY Annual Revenues *Operating revenues (unrestricted) = tuition and fees + government operating appropriations + auxiliary + miscellaneous income. ** Based on actual numbers, not rounded numbers $46,782,273 – $42,779,274 = 9.35% $42,779,274 ■ 9%** over FY ‘06 7 Appropriations as % of Core Revenues* Peer Comparisons - 2006 ƒ University of Puerto Rico-Aguadilla 64 ƒ University of the Virgin Islands 60 ƒ SUNY College at Purchase 55 ƒ Peru State College 51 ƒ Kentucky State University 47 ƒ Savannah State University 44 ƒ University of Guam 42 ƒ Montana State University-Northern 37 ƒ Lake Superior State University 37 ƒ Eastern Oregon University 35 ƒ Lander University 32 ƒ University of Mary Washington 27 ƒ Mississippi University for Women 27 ƒ Keene State College 20 ƒ Castleton State College 15 * Core Revenues are defined on the next slide 8 Core Revenues Defined „ Total revenues for the essential education activities of the institution. Core revenues for public institutions (…GASB standards) include: Tuition and fees Government appropriations (federal, state, and local) Government grants and contracts Private gifts, grants, and contracts Investment income Other operating and non-operating sources Other revenues and additions „ Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. (Source: IPEDS Glossary) 9 Operating vs. Core Revenues Operating Revenues* Core Revenues Tuition and fees $9,285,999 9 Government appropriations (federal, state, and local) $29,227,207 9 Government grants and contracts $917,370 (non-restricted only) 9 Private gifts, grants, and contracts $1,070,853 (non-restricted only) 9 Investment income $0 9 Other operating and non-operating sources $44,000 9 Other revenues and additions $305,462 (non-restricted only) 9 Auxiliary enterprises $5,575,076 Miscellaneous Income $0 * UVI Total Operating Expenses for FY 2007 = $46,425,967 (Unaudited) 10 % of VI Gov’t Operating Appropriations to UVI’s Operating Revenues 62% 60% 58% 60% 65% 68% 0% 20% 40% 60% 80% 100% 2002 2003 2004 2005 2006 2007 ■ 2% over FY ‘06 11 Percentage* of Tuition and Fees to Total UVI’s Operating Revenues 23% 21% 20% 22% 21% 21% 0% 20% 40% 60% 80% 100% 2002 2003 2004 2005 2006 2007 ■ 0% over FY ‘06 12 Tuition + Fees as % Core Revenues Peer Institutions - 2006 Keene State College 61 Castleton State College University of Mary Washington Lake Superior State University Eastern Oregon University SUNY College at Purchase 24 Lander University Montana State University-Northern Peru State College Kentucky State University University of the Virgin Islands Mississippi University for Women Savannah State University University of Guam University of Puerto Rico-Aguadilla 56 39 37 34 31 23 23 17 16 13 11 11 6 13 Summary Changes in Net Assets FY 06 Changes in Net Assets Total Revenues (All sources) $65,169,995 Total Operating Expense (excluding Depreciation) -62,099,399 Net Revenues before Interest and Depreciation Expenses 3,070,596 Interest Payment on Indebtedness -2,025,464 Depreciation Expense -1,742,444 Total of Interest and Depreciation -3,767,908 Decrease in Net Assets -697,312 14 Summary Revenues FY 2006 Actual Sources of Funds FY 2006 • Unrestricted Revenues $42,803,833 • Restricted Revenues $15,996,403 • Local Capital Appropriation (Debt Service) $3,192,205 • Gifts $369,093 • Net Investment Income $2,808,461 • Total Actual Sources of Funds FY2006 $65,169,995 15 Research Indicators 16 Research Indicators „ Awarded Grants and Contracts 39%. „ UVI is 4th among peers in amount of money received in federal grants. Comment: The total amount of grants and contracts are reported in the fiscal year in which they are received regardless of the number of years covered. 17 Externally Funded Grants and Contracts Awarded 9 11 16 $0 $4 $8 $12 $16 $20 2005 2006 2007 Millions „ Grants and Contracts 39%* over ‘06 Vision 2012 3D – Increase mission-centered grants acquisitions that support and promote research and community development. AMP 1,b, ii, d, Provide support to University/s grant-seeking and grants administrative efforts. Based on actual numbers not rounded numbers: $15,791,461 – $11,363,143= 38.97% $11,363,143 18 Federal Grants* 2005-2006 Peer Comparisons University of Guam $24,759,859 Kentucky State University Savannah State University University of the Virgin Islands SUNY college at Purchase $4,262,298 Eastern Oregon University Keene State College Lander University Castleton State College Montana State University-Northern Mississippi University for Women Peru State College University of Mary Washington Lake Superior State University University of Puerto Rico-Aguadilla $14,676,933 $13,529,770 **$9,975,150 $7,081,358 $3,550,590 $3,233,547 $2,565,726 $2,453,603 $1,883,482 $1,628,881 $1,201,059 $1,048,561 $514,762 *Federal operating grants and contracts are revenues from federal government agencies that are for specific research projects or other types of programs and that are classified as operating revenues. ** These figures have been updated by Sponsored Programs. 19 Local Grants*2005-2006 Peer Comparisons Mississippi University for Women $6,860,772 Lander University SUNY College at Purchase $3,253,649 University of the Virgin Islands Eastern Oregon University Kentucky State University University of Guam University of Mary Washington University of Puerto Rico-Aguadilla Peru State College Montana State University-Northern Lake Superior State University Savannah State University Keene State College Castleton State College $4,870,169 **$1,332,485 $1,006,633 $951,629 $525,087 $401,834 $373,584 $339,739 $227,842 $93,136 $86,909 $59,042 $9,570 *Local operating grants and contracts are revenues from state/territory/commonwealth government agencies that are for specific research projects or other types of programs and that are classified as operating revenues. ** These figures have been updated by Sponsored Programs. 20 Development Indicators 21 1st Quarter Report 10/1/2007 to 1/16/2008 „ Cash Contributions 47% „ Number of Alumni Contributing 73% „ Number of Trustees Contributing 6% „ Trustees Contributions 121% 22 Annual Fund Contributions FY 06 – 08 Quarterly Report* 426 924 1,500 1,700 373 2** 05-06 06-07 Thousands A B C D E 426 354 189 1,800 1,700 1,500 2 7 924 0 400 800 1200 1600 2000 05-06 06-07 07-08 Thousands A B C D E F Goal Cash Gifts In Kind ƒ Raised $196,396 (10/01/07 to 1/16/08) ▪Cash $188,919 $164,192 ( 47%) ƒ Gift in Kind: $7,477 ƒ Raised $355,639 (10/01/06 to 1/17/07) ƒ Cash $353,831 $ 71,912 ( 17%) ƒ Gifts in Kind: $1,808 (Services) * Slide was updated from last year presentation based on revised data provided by the Office of Institutional Advancement (January 25th 2008) ** During 1ST Quarter 05-06, $882,200 of funds from a special one-time capital gift. Numbers are rounded to the nearest whole number. Vision 2012 – 3.C.2. Raise …$1.8M for FY 2008 1,350 196 ** 356 23 Alumni Contributions FY 06 – 08 Quarterly Report 24,018 19,779 6,480 $0 $10,000 $20,000 $30,000 05-06 06-07 07-08 Giving Amount „ Oct. 2007 – Jan. 2008 „ Average Gift ($138) 19% over 06-07 „ $6,480 Total Contributions 67% over 06-07 Alumni= 47 „ Oct. 2006 – Jan. 2007 „ Average Gift ($116) 69% over 05-06 „ $19,779 Total Contributions 18% over 05-06 Alumni= 171 Vision 2012 – 3.C. Increase annual giving target… 24 % Trustees Contributions FY 06 – 08 Quarterly Report 40% 50% 44% 0% 20% 40% 60% 80% 100% 05-06 06-07 07-08 Percent Giving „ Oct. 2007 – Jan. 2008 „ 121% Giving, $22,185 „ 7/16 or 44% „ Avg.= $3,169 „ Oct. 2006 – Jan. 2007 „ 34% Giving, $10,050 „ 8/16 or 50% „ Avg. = $1,256 25 Thank You! Office of Institutional Research and Planning http://faculty.uvi.edu/iresearch/