GILLINGS SCHOOL OF GLOBAL PUBLIC HEALTH

October 16, 2015

Faculty Staff MeetingFinance & Business Update

1. FY 2015 financial results

2. Enrollment & revenue impacts

3. State budget update

4. OSR transformation project

Finance & Business Update

Sources FY2014 FY2015

State Appropriations & School-based Tuition 27 28

Receipts 1 1

Facilities & Administrative (F&A) 14 15

Contracts & Grants- Direct Support Administered by School 59 56

Trusts - Restricted 15 15

Trusts - Unrestricted 5 4

Services & Other 8 6

Total $ 127 $ 124

Uses

Compensation 68 71

Consulting & Contractual Services 1 1

Student Aid and Grants 6 6

Other Grants 16 14

Operations 11 11

Capital 0 4

Restricted Trusts Carry-forward 10 10

Net Transfers & State Appropriations Reverted 0 0

Reserves -Restricted & Unrestricted for Future Commitments 14 7

Total $ 127 $ 124

In millions & rounded

to nearest million

School Financial Summary

FY2014 vs FY2015

FY15 Funding Mix

State & SBT23% Receipts

0%

F&A12%

Grants-Direct Costs45%

Restricted Trusts12%

Unrestricted Trusts

3%

Service & Other5%

State & SBT 21Receipts 1Grants 49F&A 10Restricted Trusts 11Unrestricted Trusts 4Service & Other 4

5 Year Average (%)

Total Dollar Amount of Grants and Contracts Awarded to SPH PIs

$92.7 $88.1 $71.5

$84.4 $67.3

$80.8

$72.1 $65.9

$82.9 $60.6 $95.2 $75.3

$164.8 $154.1 $154.4

$145.0

$162.5 $156.2

2011 2012 2013 2014 2015 5yr AvgAdministering Appointing Grand Total

Chairs provide enrollment projections. (headcount)• On-campus students: headcount converted to full-

time equivalents (FTE)

• Distance students: headcount converted to student credit hour (SCH)

Approved SBT rates applied to FTE and SCH figures.

School-Based Tuition (SBT)

Revenue Projections Process

$1.33

$2.00

$2.82 $2.97

$1.55

$2.29 $2.81 $2.57

FY2012 FY2013 FY2014 FY2015

Projected revenue Actual revenue

In Millions

School-Based Tuition

Revenue Projections vs. Collections

Projected Revenue

Actual Revenue

Actuals Over/(Under)

Projection

$ 2,967,653 $ 2,573,162 $ (394,491)

Fiscal Year 2015 - School-Based Tuition

Revenue Projections vs. Collections

In Millions

School-Based Tuition

Revenue Impacts for

FY2016

$1.0 $0.9 $0.8

$2.0$1.8

$1.6

$3.0

$2.6$2.4

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

FY2015 Revenue Projection FY2015 Revenue Actual FY2016 Revenue Projection

Student Aid Faculty Salary/Infrastructure Total revenue

State Budget• Planning for 2% cut

– Still likely cut even if no legislative cut

• Enrollment impacts?

• 2 funding requests– CEPH– Organizational Plan

Annual Raise Process • No base salary increases

approved by legislature

• $750 one-time bonus for permanent employees (prorated for part-time)

• Salary increases?

State Budget & Annual

Raise Process Updates

1. Stabilize OSR operations

2. Address backlog

3. Transform operations

Current Focus

OSR Transformation Project

3 Objectives

Award Setup & Management

Reporting & Invoicing

Subcontracting

Cash Management

Campus Support

Effort Reporting

OSR Current Focus (“Surge”)

THANK YOU