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LSU System Revenue
 

LSU System Revenue

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Presentation presented Feb. 21, 2013 at Revenue Generation Task Force meeting.

Presentation presented Feb. 21, 2013 at Revenue Generation Task Force meeting.

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    LSU System Revenue LSU System Revenue Presentation Transcript

    • Louisiana State University System Presentation to Revenue Task Force February 21, 2013
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Chart title goes here Slide 1 – FY 2012-13 Percentage of Total Revenue By Entity Total Revenues100% $3,268,025,962 90% .2% LSU BOS LSU HSC 80% NO 13.7% .7% LSU Law Center 70% .7% LSU HCSC S LSU Eunice 60% 17.8% .7% LSU Alexandria 50% 1.4% LSU Shreveport LSU A&M 40% 26.7% 1.8% Pennington Biomedical 1.8% HP Long Medical Center 30% 3.3% Huey P. Lon EA Conway Medical Center 20% HCSD 3.9% LSU Ag Center 10% 27.3% 0% Note: LSU Health Science Center Shreveport includes Shreveport Hospital.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Chart title goes here Slide 2 – FY 2012-13 Percentage of Total Revenue By Entity Total Revenues100% $1,875,845,380 90% .3% LSU BOS 80% LSU HSC S 13.1% 1.2% LSU Eunice 70% 1.3% LSU Alexandria LSU HSC NO 60% 23.9% 1.3% LSU Law Center 50% 2.5% LSU Shreveport 40% 3.1% Pennington Biomedical 6.8% LSU Ag Center 30% LSU A&M 20% 46.5% 10% 0% Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Chart title12-13 Percentage of Total Revenue by Source Slide 3– FY goes here EndowmentIncome 0.2%Pell 1.1% Uncompensated Care Hospital 18.7% Revenue 36.7% Medicare 4.7% Student Fees Medicaid 5.4% 12.0% Hosp Contracts 2.2% General Fund Hosp Self 5.5% 12.4% Physician Prac. 0.2% Total Revenues $3,268,025,962
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Chart title12-13 Percentage of Total Revenue by Source Slide 4– FY goes here Endowment Total Income 0.2% Revenues Gifts Grants & Contracts 18.4% $1,875,845,380 Other Fed Medicaid 1.4% 10.3% Auxiliaries Hosp Contacts 12.0% 2.0% Pell 1.9% Self Gen 4.7% General Fund 18.5% Physician Prac Sales 5.9% 0.4% Student Fees 21.0% IAT 0.4% Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 5– FY 12-13 Percentage of Restricted Vs Unrestricted Revenue Unrestricted Revenues Restricted Revenues $888,210,100 $987,635,280 47.3% 52.7% General Fund Student Fees Statutory Dedicated Physician Practice Plan Medicaid Sales & Service Ed. Activities Hospital Contracts Auxiliaries Interagency Transfers Endowment Income Student Fees Gifts, Grants, and Contracts Sales & Service Ed. Activities Other Self Generated Other Self Generated Pell Grants Other Federal Grants Other Federal Grants Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 6– Restricted Revenue Definitions, Purposes, and Uses • Student Fees – – Self-generated restricted fees that have established limitations or stipulation placed on their use. Includes fees for items such as the student technology fee, course/field trip fees, the child care center fee, Student Bar Association fees principally used for SBA administration and SBA-approved functions for law students, student activities, intramurals, media, and orientation fee. • Physician Practice Plans – Funds are designated by the BOS to compensate faculty and enhance academic quality of their departments through investments in infrastructure, scholarly pursuits, and research. Funds are generated by faculty providing patient care. Faculty Practice touches all aspects of the mission of teaching, research, patient care and community outreach. • Sales and Services – – Self-generated funds derived from institutional sales and services of educational activities. These revenues include items such as publications, Performing Art Series Sales, LOUIS subscription fees, program income generated from sponsored agreements, Law Review, Energy Law Journal, clinical and research services, university stores, testing fees (plant and soil). Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 7– Restricted Revenue Definitions, Purposes, and Uses • Athletics– − Self-generated funds derived from university sponsored athletic events. The Athletic Auxiliary unit seeks to create an environment conducive to the development of student- athletes with strong core values and personal integrity that will contribute to success throughout their lives and to provide the resources necessary to pursue championships, to graduate and to become productive citizens. LSUs Athletic Department is a self-supporting unit that does not receive state appropriation or student fee revenues. Athletic Department revenues are used to fund the operations of the auxiliary unit including expenses for operations and maintenance of plant and the debt/bond payments associated with construction and renovations of its facilities. • Auxiliaries (Excluding Athletics) − Self-generated funds derived from auxiliary enterprises that exist to furnish goods or services to students, faculty, or staff. These units charge a fee to users for their goods and services. The distinguishing characteristic of an auxiliary enterprise is that it is managed as an essentially self-supporting activity that is not supported by state appropriated revenues. The funding is dedicated to the operations of the auxiliary unit including expenses for operations and maintenance of plant and the debt/bond payments associated with construction and renovations of its facilities. Examples are residence halls, student health center, parking & transportation, student unions, testing centers, museums, and bookstore. Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 8– Restricted Revenue Definitions, Purposes, and Uses • Endowment Income – − Funds established by a donor in which only the earned income can be spent. These funds include the endowment established by a donor and the state match university foundation accounts. Generally restricted in use for those scholarships and professorships and are permanently nonexpendable. • Gifts, Grants and Contracts – − Funding distributed from state or local sources for grants, contracts, cooperative agreements and other non-sponsored programs. These funding resources include externally established limitations or stipulations on the use of the funds. Examples include Incumbent Worker Training Grants, BORSF Grants, some institutions also record TOPS Scholarships, and Go Grants. − Funding distributed from private sources, including industry, for grants, contracts, cooperative agreements and other non-sponsored programs such as unrestricted donations. These funds include items such as university foundation funds, gifts to the University and industry cooperative agreements. Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 9– Restricted Revenue Definitions, Purposes, and Uses • All Other Self Generated– – Revenues derived from items such as (facilities and administration) indirect cost recovered from sponsored programs, technology transfer and other miscellaneous sources. These types of funds are earmarked for items such as start-up funds for new faculty members, new research, matching funds for grants, and high cost maintenance expenses for research equipment or lab renovations. Other examples include interest on investments, technology transfer, and continuing education. • Pell Grants– – The Pell Grant program is a post-secondary, educational federal grant program sponsored by the U.S. Department of Education that is designed to help students with financial need pay for college. The funding is awarded based on information submitted on the Free Application for Federal Student Aid (FAFSA) form. Funding is awarded to students pursuing their first undergraduate degree and the student must maintain satisfactory academic progress. Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 10– Restricted Revenue Definitions, Purposes, and Uses • Other Federal – Funding distributed from federal agencies for grants, contracts, cooperative agreements and other non-sponsored programs such as the Federal Work Study Program. These funding resources include externally established limitations or stipulations on the use of the funds. This funding source includes items such as competitive federal agency research grants, National Science Foundation (NSF), US Department of Agricultural, Interior, Commerce – NOAA, Energy, Military, etc. Note: LSU System Exclusive of Hospital Operations.
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 11– FY 12-13 Percentage of Total Revenue by Source Total Revenues Endowment $871,574,544 Income 0.3% Other Fed 10.3% General Fund 14.8% Stat. Ded. 1.4% Auxiliaries 21.3% IAT 0.8% Pell 2.3% Student Fees 33.2% Other Self-Gen 4.9% Sales and Services 2.2% LSU & A&M College
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 12– FY 12-13 Percentage of Total Revenue by Source Stat. Ded. 1.7% Total Revenues $24,486,508 Gifts, Grants, & Contracts 2.0% General Fund 22.1% Endowment Income 0.5% Student Fees 72.4% Other Self-Gen 0.7% Sales and Services 0.7% LSU Paul M. Hebert Law Center
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 13– FY 12-13 Percentage of Total Revenue by Source Total Revenues Auxiliaries 4.1% $58,912,623 Gifts, Grants, & Contracts 23.8% Sales and Other Self-Gen Services 0.4% 16.6% Other Fed 33.9% General Fund Stat. Ded. 0.2% 21.0% Pennington Biomedical Research Center
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 14– FY 12-13 Percentage of Total Revenue by Source Total Revenues Gifts, Grants, & $127,911,032 Contracts 16.8% Other Fed Endowment 17.2% Income 0.1% Other Self-Gen 6.2% Sales and Services 5.1% General Fund 50.4% Stat. Ded. 4.1% LSU Agricultural Center
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 15– FY 12-13 Percentage of Total Revenue by Source Total Other Fed 3.3% Gifts, Grants, & Revenues Contracts 13.1% $47,156,467 General Fund Auxiliaries 5.1% 19.8% Stat. Ded. 1.4% Pell 12.7% Student Fees Other Self-Gen 43.9% 0.5% LSU Shreveport
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 16– FY 12-13 Percentage of Total Revenue by Source Total Revenues Other Fed 0.5% $22,899,647 Auxiliaries 7.9% General Fund 27.7% Stat. Ded. 1.2% Pell 17.8% Student Fees 42.4% Other Self-Gen 2.5% LSU Alexandria
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 17– FY 12-13 Percentage of Total Revenue by Source Total Stat. Ded. 1.1% Revenues $22,625,087 General Fund 21.2% Student Fees Other Fed 2.6% 37.3% Gifts, Grants, & Contracts 3.6% Auxiliaries 9.0% Endowment Other Self-Gen Income 0.1% Pell 24.3% 0.8% LSU Eunice
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 18– FY 12-13 Percentage of Total Revenue by Source Total Revenues $448,958,560 Endowment Income 0.1% Gifts, Grants, & Contracts 41.7% Auxiliaries 3.6% Other Fed 9.5% Other Self-Gen 4.5% Sales and Services 1.4% Phys. Prac. Plan 1.7% Student Fees 7.8% General Fund Hosp Contracts 16.6% 8.5% Stat. Ded. 4.6% LSU HSC New Orleans
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 19– FY 12-13 Percentage of Total Revenue by Source Total Revenues $246,321,795 Medicaid Other Fed 6.5% 10.6% General Fund 15.0% Stat. Ded. 5.7% Student Fees Gifts, Grants, & 5.0% Contracts 16.3% Sales and Services 31.4% Endowment Income 0.9% Auxiliaries 5.9% Other Self-Gen 2.5% LSU HSC S – Excludes Hospital
    • Louisiana State University SystemFY 2012-13 Budget as of 2/20/13 Slide 20– FY 12-13 Percentage of Total Revenue by Source Total Revenues $4,999,117 Sales and Services 17.0% General Fund 69.9% Other Self-Gen 10.0% Gifts, Grants, & Contracts 3.1% LSU System and Board
    • Louisiana State University System Questions? Wendy C. Simoneaux, CPA, CGFM,CGMA Louisiana State University System Chief Financial Officer, Assistant Vice President for Budget and Finance and Comptroller