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1 Key Performance Indicators (KPI’s) Mid-Year Report University of the Virgin Islands Board of Trustees Meeting March 14, 2009 Prepared by: Office of Institutional Research and Planning 2 Mid-Year Report Key Performance Indicators Financial Research Development 3 Financial Indicators All references for FY 2008 are based on unaudited amounts. 4 Financial Indicators* – FY 2008 (unaudited) VI Government Support** 2% (Appropriations) UVI Operating Revenues*** 1% (unrestricted) * Financial Indicators refer to actual unrestricted operating revenues and not projected revenues. (Source: UVI Administration and Finance) **Operating Revenues (unrestricted) = tuition and fees + government operating appropriations + auxiliary + miscellaneous income. (Source: UVI Administration and Finance) ***FY2008 numbers are unaudited 5 Operating Appropriations from VI Government to UVI 25.9 29.2 29.7 $0 $10 $20 $30 2006 2007 2008 Millions FY Annual Appropriations VI Appropriations 2%* over FY ’07 *Based on actual numbers. Calculation: ($29,729,702.21- $29,277,206.93 )=1.72% = 2% $29,277,206.93 6 UVI’s Total Operating Revenues* 47.4 42.8 46.9 $0 $10 $20 $30 $40 $50 2006 2007 2008 Millions FY Annual Revenues *Operating revenues (unrestricted) = tuition and fees + government operating appropriations + auxiliary + miscellaneous income. ■ 1%** over FY ‘07 ** Based on Actual Numbers. Calculation: $47,368,499 - $46,859,962 = 1.09% = 1% $46,859,862 7 % of VI Gov’t Operating Appropriations to UVI’s Operating Revenues 63% 62% 60% 0% 20% 40% 60% 80% 100% 2006 2007 2008 3% point increase FY06 to FY08 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, residence halls), hospitals, and independent operations. (Source: IPEDS Glossary) 9 Core Revenues FY 2007* Core Revenues* Tuition and fees $10,543,596 Government appropriations (federal, state, and local) $29,914,980 Government grants and contracts $16,218,094 Private gifts, grants, and contracts $959,788 Investment income $125,000 Other operating and non-operating sources $0 Other revenues and additions $287,460 Total Core Revenues $58,048,918 * UVI Revenues for FY 2007 (Audited)* 10 Appropriations as % of Core Revenues* Peer Comparisons – FY 2007 University of Puerto Rico-Aguadilla 66 SUNY College at Purchase 59 Peru State College 53 University of the Virgin Islands 52 University of Guam 46 Savannah State University 42 Kentucky State University 39 Montana State University-Northern 39 Eastern Oregon University 39 Mississippi University for Women 37 Lake Superior State University 34 Lander University 32 University of Mary Washington 31 Keene State College 20 Castleton State College 16 11 Percentage of Tuition and Fees to Total UVI’s Operating Revenues 21% 21% 21% 0% 20% 40% 60% 80% 100% 2006 2007 2008 ■ no % change FY06 to FY08 12 Tuition + Fees as % Core Revenues Peer Institutions – FY 2007 Keene State College 62 Castleton State College 62 University of Mary Washington 38 Lake Superior State University 38 Lander University 34 Eastern Oregon University 32 Peru State College 27 Montana State University-Northern 25 SUNY College at Purchase 22 University of the Virgin Islands 18 Mississippi University for Women 17 Kentucky State University 16 Savannah State University 13 University of Guam 13 University of Puerto Rico-Aguadilla 5 Summary Revenues FY 2007* • Unrestricted Revenues • Restricted Revenues • Local Capital Appropriation (Debt Service) • Gifts • Net Investment Income • Total Actual Sources of Funds FY2007 Actual Sources of Funds $45,076,876 8% $14,254,270 5% $ 3,192,205 0% $ 959,788 160% $ 4,913,592 75% $68,396,731 8% 13 *Based on FY 2007 Audited Financial Statements. 14 Summary Changes in Net Assets FY 2007* Changes in Net Assets Total Revenues (All sources) $68,396,731 Total Operating Expense (excluding Depreciation + Interest on Indebtedness) ($60,806,552) Net Revenues before Interest and Depreciation Expenses $7,590,179 Interest Payment on Indebtedness ($2,492,271) Depreciation Expense ($1,666,406) Total of Interest and Depreciation ($4,158,677) Increase in Net Assets $3,431,502 *Based on 2007 Audited Financial Statements. 15 Research Indicators 16 Research Indicators FY 2007-2008 Awarded Grants and Contracts 49% UVI is 2nd amongst peers in amount of money received in federal grants 2 positions 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 FY 07-08 $11 $16 $24 $0 $4 $8 $12 $16 $20 $24 $28 2006 2007 2008 Millions  Grants and Contracts 49%* over 07 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. Calculation: $23,519,002 - $15,791,461 = 48.9% = 49% $15,791,461 (see slides 18+19 for source) 18 Federal Grants* FY 2006-2007 Peer Comparisons University of Guam $25,268,268 University of the Virgin Islands $14,254,270 Savannah State University $13,757,058 Kentucky State University $13,441,599 Eastern Oregon University $5,681,362 SUNY College at Purchase $4,620,537 Lander University $3,452,074 Keene State College $3,389,228 Castleton State College $2,672,562 Montana State University-Northern $1,844,332 Peru State College $1,765,700 Mississippi University for Women $1,668,348 University of Mary Washington $1,108,370 Lake Superior State University $946,468 University of Puerto Rico-Aguadilla $221,858 *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* FY 2006-2007 Peer Comparisons Mississippi University for Women $6,572,573 Lander University $4,711,740 SUNY College at Purchase $3,541,749 University of the Virgin Islands $2,427,824 Kentucky State University $1,941,353 Eastern Oregon University $1,100,821 University of Puerto Rico-Aguadilla $579,492 Montana State University-Northern $366,068 Peru State College $295,672 Savannah State University $170,067 University of Guam $169,016 Lake Superior State University $ 96,553 Keene State College $ 54,421 University of Mary Washington $ 29,710 Castleton State College $ 1,491 . *Local are for specific research projects or other types of programs and that are classified as operating revenues. 20 Development Indicators 21 1st Quarter Report with Quarter to Quarter Comparisons 10/1/2008 to 1/30/2009 Cash Contributions 61% Number of Alumni Contributing 202% Number of Trustees Contributing 38% Alumni Contributions 233% Trustees Contributions 3% 22 Annual Fund Contributions FY 08 – 09 1st Quarter Report* Thousands 1.7 1.8 0.354 0.189 0.304 0.002 0.007 0.002 A B C D E F $0.0 $0.4 $0.8 $1.2 $1.6 $2.0 06-07 07-08 08-09 Millions Goal Cash Gifts In Kind  Total $306,894 (10/01/08 to 1/30/09)  Cash $304,505  61%  Gift in Kind $2,389  68% Numbers are rounded to the nearest whole number. VISION 2012 – 3.C.2. Raise …$1.8M for FY 2009 0.196 0.356 0.306 ** The goal for FY 2008-2009 is still under consideration. ** * These totals represent quarter to quarter comparisons only. 23 $6,480 $21,557 $19,779 $0 $10,000 $20,000 $30,000 2007 2008 2009  Total $21,557 (10/01/08 to 1/30/09)  233% Total Alumni Giving = 142  95 Alumni /202% Average Gift = $152  10% Median Gift = $75 Alumni Contributions FY 08 – 09 1st Quarter Report* VISION 2012 – 3.C. Increase annual giving target… * These totals represent quarter to quarter comparisons only. 24 % Trustees Contributions FY 08 – 09 1st Quarter Report 50% 44% 38% 0% 20% 40% 60% 80% 100% 06-07 07-08 08-09 Percent Giving  Total $21,500  3%  Total Trustees Giving = 6/16  1 Trustee  Average Gift = $3,583  13%  Median Gift = $2,500 * These totals represent quarter to quarter comparisons only. 25 Office of Institutional Research and Planning Thank You!