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Key Performance Indicators Mid-Year Report University of the Virgin Islands Board of Trustees Meeting March 13, 2010 Prepared by: Office of Institutional Research and Planning 1 Enrollment (Brief Summary) Financial Research Development 2  Mid-Year Report Key Performance Indicators  Financial Indicators All references to FY 2009 are based on unaudited numbers. 3 VI Government Support** 1% (Appropriations FY 09 - $31,446,072) (Appropriations FY 08 – $31,018,441) UVI Operating Revenues*** 15% (Unrestricted FY 09 - $34,247,330) (Unrestricted FY 08 – $29,709,213) * Financial Indicators refer to actual unrestricted operating revenues and not projected revenues. (Source: UVI Administration and Finance) **Operating Revenues (unrestricted) = tuition and fees + federal grants and contracts excluding student grants + state grants and contracts + auxiliary + miscellaneous income. (Source: UVI Administration and Finance) ***FY2009 numbers are unaudited / FY 2008 Audited Statement 4 Financial Indicators* – FY 2009 Operating Appropriations from VI Government to UVI 5 VI Appropriations 1.7% $29.2 $29.7 $30.2 2007 2008 2009 FY Annual Appropriations $30.2 Millions UVI’s Total Operating Revenues* $46.6 $47.1 $49.0 2007 2008 2009 FY Annual Revenues 6 *Operating revenues (unrestricted) = tuition and fees + government operating appropriations + auxiliary + miscellaneous income. 4% Millions 7 % of VI Gov’t Operating Appropriations to UVI’s Operating Revenues 1% (FY 08 to FY 09) 63% 63% 62% 2007 2008 2009 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) 8 Core Revenues Defined Core Revenues FY 2008* Core Revenues* Tuition and fees $10,986,411 Government appropriations (federal, state, and local) $31,018,441 Government grants and contracts $17,371,990 Private gifts, grants, and contracts $556,247 Investment income $0 Other operating and non-operating sources $0 Other revenues and additions $351,872 Total Core Revenues $60,284,961 9 * UVI Revenues for FY 2008 (Audited)* Appropriations as % of Core Revenues*  Peer Comparisons – FY 2008 University of Puerto Rico-Aguadilla* 64 SUNY College at Purchase 55 University of the Virgin Islands 52 Eastern Oregon University 49 Peru State College 47 Montana State University-Northern 45 University of Guam 44 Savannah State University 43 Kentucky State University 40 Lake Superior State University 40 Mississippi University for Women 38 Lander University 35 University of Mary Washington 33 Keene State College 18 Castleton State College 16 10 21% 21% 24% 2007 2008 2009 11 3 % Keene State College 63 Castleton State College 59 Lake Superior State University 40 University of Mary Washington 39 Lander University 35 Eastern Oregon University 29 Peru State College 25 Montana State University-Northern 24 SUNY College at Purchase 24 Kentucky State University 18 University of the Virgin Islands 18 Mississippi University for Women 17 Savannah State University 14 University of Guam 13 University of Puerto Rico-Aguadilla 6 12 Summary Revenues FY 2008* Actual Sources of Funds • Unrestricted Revenues • Federal Restricted Revenues • Local Capital Appropriation (Debt Service) • Gifts • Net Investment Income • Total Actual Sources of Funds FY2008 $47,368,384 5% $14,089,088 1% $ 3,192,205 0% $ 556,249 42% $(2,888,164) 159% $62,317,762 9% 13 *Based on FY 2008 Audited Financial Statements. Summary Changes in Net Assets FY 2008* Changes in Net Assets Total Revenues (All sources) $62,317,762 Total Operating Expense (excluding Depreciation + Interest on Indebtedness) ($61,268,232) Net Revenues before Interest and Depreciation Expenses $1,049,530 Interest Payment on Indebtedness ($2,509,377) Depreciation Expense ($2,139,670) Total of Interest and Depreciation ($4,649,047) Increase in Net Assets ($3,599,517) 14 *Based on 2008 Audited Financial Statements. Research Indicators 15 Awarded Grants and Contracts* 35% UVI is 2nd amongst peers in amount of money received in federal grants 16 Research Indicators FY 2009 *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. Externally Funded  Grants and Contracts AwardedFY 2009  $16 $24 $15 2007 2008 2009 Grants and Contracts 35%* 17 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: $15,213,859 - $23,519,002 =- 35% $23,519,002 Millions University of Guam $25,913,356 University of the Virgin Islands $22,876,867 Savannah State University $13,315,557 Kentucky State University $12,650,842 SUNY at Purchase College $4,874,526 Montana State University-Northern $2,279,725 Eastern Oregon University $2,081,397 Keene State College $1,761,283 Castleton State College $1,306,383 Mississippi University for Women $910,517 Lake Superior State University $729,348 University of Mary Washington $602,334 Lander University $449,732 University of Puerto Rico-Aguadilla $35,249 18 Federal Grants* FY 2008  Peer Comparisons *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. Mississippi University for Women $6,814,643 SUNY at Purchase College $3,608,341 Kentucky State University $2,276,728 University of Puerto Rico-Aguadilla $1,244,582 Eastern Oregon University $1,061,751 University of the Virgin Islands $481,835 Montana State University-Northern $394,472 University of Guam $376,800 Lander University $279,667 Lake Superior State University $172,481 Savannah State University $107,383 Castleton State College $90,153 Keene State College $78,062 University of Mary Washington $36,957 19 Local Grants*FY 2008 Peer Comparisons *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. Development Indicators 20 Cash Contributions 18% Number of Alumni Contributing 22% Number of Trustees Contributing 5% Alumni Contributions 47% Trustees Contributions 47% Cabinet (NA) 21 1st Quarter Reportwith Quarter to Quarter Comparisons10/1/2009 to 1/31/2010 1.8 1.2 0 1 2 07-08 08-09 09-10 Millions Goal UK** 189 304 249 0 200 400 07-08 08-09 09-10 Thousands Cash Annual Fund ContributionsFY 09 – 10 1st Quarter Report* 7 2 14 0 5 10 15 07-08 08-09 09-10 Thousands Gifts in Kind  Total $263,198 (10/01/09 to 1/30/10)  Cash $249,056  18%  Gift in Kind $14,142  492% *These totals represent quarter to quarter comparisons only. ** Goal has not been set. Numbers are rounded to the nearest whole number. Alumni ContributionsFY 09 – 10 1st Quarter Report* $19,779 $21,557 $11,463 2008 2009 2010 Total $11,463 (10/01/09 to 1/30/10) 47%  Total Alumni Giving = 111 31 Alumni /22% Average Gift = $104 32% Median Gift = $25 67% 23 VISION 2012 – 3.C. Increase annual giving target… * These totals represent quarter to quarter comparisons only. Trustees Contributions FY 09 – 10 1st Quarter Report 44% 38% 33% 07-08 08-09 09-10 Total $11,350 ◦ 47% Total Trustees Giving ◦ 1 Trustee (5/15) Average Gift, $2,270 ◦ 37% Median Gift = $1,750  30% 24 * These totals represent quarter to quarter comparisons only. Total = $970 Total Cabinet Giving = 3/10 ◦30 % Average Gift= $323.33 ◦Median Gift = $230.00 25 Cabinet Contributions Thank You! Office of Institutional Research and Planning 26