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AAUP 2009: Temple Financials (K. Kaiser)
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AAUP 2009: Temple Financials (K. Kaiser)

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  • Note: Then do a bracket to show the reduction
  • Transcript

    • 1. Temple University Financial Overview June 19, 2009
    • 2. Outline
      • Review the current financial state of Temple
      • Key financial factors and the broader economic impact
      • 2009-2010 Budget update
      • Looking forward
    • 3. Independent Third-Party Debt Rating Aaa U of Michigan; U of Texas; U of Virginia Aa1 Aa2 PSU; Pitt; Penn; Maryland Aa3 Rutgers; PA/SSHE A1 Temple University A2 A3 Baa1 Baa2 Baa3 TUHS Ba1 Junk Bonds Ba2 Non-Investment/Speculative Grade Ba3 Source: Moody’s Investment Service Long-term Debt Rating Investment Grade Bonds
    • 4. Key financial factors
      • Declining trends in state appropriations
      • Endowment
      • Tuition
        • Reliance as share of Education and General Budget
        • Commitment to affordability
      • Impact on students
        • Debt burden
        • Availability and affordability of credit
    • 5. Diminishing buying power of Commonwealth appropriations $35.9M loss in buying power since 2002 in $ thousands
    • 6. Temple Revenue 2009-2010 General Operating $793.1 Million
    • 7. 2009-2010 Budget Highlights
      • Key goals
        • Minimize the tuition increase
        • Address unmet need and rising student debt
        • Strengthen the balance sheet
      • Key features or responses
        • 2.9% tuition increase
        • Increase financial aid
        • 5% operating budget reduction from FY’09
      • Role of Federal State Stabilization Funds
    • 8. Looking forward
      • Continued considerations
        • Monitoring state and federal support levels
        • Assessing the impact on students
        • Preserving enrollment
        • Diversifying revenue
        • Carefully steering Temple through very difficult times
          • It is not business as usual

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