Status of Initiatives 10. Eliminate unnecessary duplication at - PowerPoint PPT Presentation

Status of Initiatives 10. Eliminate unnecessary duplication at Enterprise level and reassign to the universities COMPLETED 12. Establish public corporations COMPLETED 13. Centralize functions at Enterprise level to enhance efficiency COMPLETED 18. Selectively create self-funded professional schools COMPLETED 19. Partnership funding Model UNDER REVIEW 20. Review HR policies under ABOR authority JUNE 2012 22. Privatize residence halls COMPLETED AND ONGOING

FY 2012 Current Estimate vs. Budget Projected Net Assets Higher Than Plan – Appx. $100 million ◦ Tuition & Fee Revenue $10 million ◦ Higher Financial Aid 6 million ◦ Lower Operating Expenses 60 million ◦ Technical Adjustment from the State 40 million

Tuition and Fee Revenue AUS ASU NAU UA FY 11 (Projected 3/11) $ 1,527,320 $ 797,781 $ 202,539 $ 527,000 FY 11 Actual $ 1,553,100 $ 811,400 $ 204,300 $ 537,400 FY 12 (Projected 3/11) $ 1,745,738 $ 953,889 $ 216,748 $ 575,101 FY 12 Budget $ 1,749,600 $ 967,800 $ 215,600 $ 566,200 FY12 (Projected 2/12) $ 1,760,300 $ 955,600 $ 220,600 $ 584,100 Student FTE Fall 2010 129,687 69,459 22,746 37,482 Fall 2011 (Projected 3/11) 134,305 73,453 23,146 37,706 Fall 11 Actual 133,928 72,558 22,964 38,406

Increase in Financial Aid AUS ASU NAU UA FY 12 (Projected 3/11) $ 54.4 $ 26.3 $ 3.6 $ 24.5 FY 12 (Projected 2/12) $ 60.3 $ 26.7 $ 7.9 $ 25.7

Change in Net Assets AUS ASU NAU UA FY2011 $ 238.2 $ 93.6 $ 49.1 $ 95.5 FY 2012 Budget $ (13.8) $ 22.7 $ (4.2) $ (32.3) FY 2012 Projection $ 86.8 $ 68.5 $ (0.7) $ 19.0

Liquidity Measure Range • Not an absolute number • Moody’s median – Not setting range to target a debt rating – Starting point – External independent agency • Desired range balances Arizona environment and external range

University Days Cash on Hand FY 2002 - FY 2011 350.00 325.00 300.00 275.00 250.00 225.00 200.00 191 175.00 + 25% of Median 156 150.00 134 125.00 125 100.00 101 94 89 77 75.00 68 50.00 25.00 - FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 NAU ASU UA Moody's 2010 Median +25% of Moody's Median -25% of Median