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UNH Financial & Strategic UpdatePrepared by Provost’s Office, COO, & CFOSpring 2020
Today’s Goals Financial Update for FY19 and FY20 Building Financial Strength for the Future Advancing Strategic Priorities
UNH Operating Revenues and Expenses(All Funds)UNH Operating Revenues and Operating Expenses660.0640.0 Millions620.0600.0580.0560.0540.0520.0FY11 FinalFY12 FinalFY13 FinalFY14 FinalOperating Revenue (A)FY15 FinalFY16 FinalFY17 FinalFY18 FinalFY19 Final- AllFundsOperating Expense (B)Operating Revenues all revenues excluding endowment gifts, endowment returns, state capital appropriations and gifts for capital projectsOperating Expenses all expenses excluding transfers (net 0 across USNH)FY20 BudgetAll Funds
Revenue and ExpendituresFY4OPERATING 8%FY202.4%
NH State Support The budget for FY20 approved by the BOT in June included an assumption of 85.5 M in State funding. In FY21, with an appropriation of 88.5 M, USNHwill freeze undergraduate in-state tuition UNH’s plans for the health science/nursing initiative were supported by theState. The 9 M appropriation has been received as part of our regularoperating funds this year Capital commitment for the Biological Sciences Initiative and the renovationof Spaulding Hall of 30 M toward the 90 M project costs.
UNH Operating MarginFY20 P1 ProjectionNote: may not add due to rounding
Current Revenue and Expense ActivitiesOctober 31 P1 projections of expenses currently underwayRevenue opportunitiesExpense Control Reduce melt from fall to spring Delay hiring where possible Shift more institutional aid to gift funds Renegotiate vendor contracts Increase spring enrollment at both UG and G levels Delay project spending Growing non-credit and on-line revenue streams Responsible spending Increase non-capital gifts
UNH Historical Overall Undergraduate EnrollmentYEARFALL 2019ENROLLMENT112,811DELTAFALL 201813,3710.1%FALL 201713,358-0.1%FALL 201613,365-0.9%FALL 201513,4841.3%FALL 201413,3101.8%FALL 201313,068-2.1%FALL 201213,3411.2%FALL 201113,1850.9%FALL 201013,0651 Enrollment figures-4.4%include degree-seeking undergraduate and graduatestudents at UNH Durham and Manchester.
First-Year UG Student Trends (Durham ALL 201919,70115,15976.9%2,73118.0%FALL 201820,09615,43076.8%3,03119.6%FALL 201719,96615,27576.5%3,01919.8%FALL 201620,20315,32675.9%2,88118.8%FALL 201519,25515,13778.6%3,22121.3%FALL 201418,41914,73980.0%3,22721.9%FALL 201317,93713,96277.8%2,86920.5%FALL 201217,23413,43377.9%2,99922.3%FALL 201117,34412,86374.2%2,94922.9%FALL 201016,54512,14073.4%2,85023.5%
UNH Graduate Enrollment(excludes Law School which was up 21% over fall ‘18)UNH (Master’s Certificate: 8.6% , Doctoral: 1.2%)Note: Nationally total graduate enrollment increased at both the master’s and doctoral levelbetween fall 2017 and fall 2018 at 1.3% and 2.3% respectively
2019 Fall R30 Fast Facts Highest number of African American students ( 10.5%*) Highest number of International students ( 4.8%) Highest number of Grad students ( 1.7%) Highest number of Women students ( 5.2%) Highest number of Certificate students ( 48.6%) Highest number of Doctoral students (with and without DNP) ( 2.8% / 1.8%) Highest number of students in HHS, PAUL and UNHM( 9.4% / 3.5% / 38.5%) 47 US States and 57 Countries are represented* All increases are with reference to fall 2018
Huron Financial Analysis InitiativeUNH Steering CommitteeHuron is pleased to partner with UNH Steering Committee under the executive sponsorship of PresidentJames Dean and Provost Wayne Jones:Executive Team Wayne Jones, ProvostChris Clement, COOCathy Provencher, Interim CFOP.T. Vasudevan, Senior Vice ProvostBill Poirier, CIODebbie Dutton, VP for AdvancementScott Ollinger, Faculty Senate, COLSAData Support Team Kerry ScalaJackie SnowRevenue and Expenses Team Deborah Merrill-Sands, PaulLouise Griffin, ResearchAmy Wack, BSCDavid May, OBABetty Schmidt, OS RepresentativeAlexandra Padilla, Graduate StudentAcademic Program Costs Team Michelle Dillon, COLASarah Connor, Provost OfficeDavid Matta, BSCAnne Broussard, HHS and ASACKaren Graham, CEPSEthan McClanahan, UndergraduateStudent
Huron Study:Opportunity Impact / Service Delivery MatrixService DeliveryHigher (4)The opportunities identified by Huron can be reasonably grouped into the 19 areas below,categorized by level of financial impact and change to service delivery, with a total financialimpact of 22.76-42.67M.Lower Financial Impact / Higher Change to Service Delivery Academic Affairs: Supplemental PayFacilities: Motor PoolLower Financial Impact / Lower Change to Service Delivery Lower (1)Higher Financial Impact / Higher Change to Service DeliveryEnrollment: RetentionAdvancement: Institutional and Parent GiftsUniversity-wide: Internal TransactionsLower (1)Procurement: Strategic SourcingIT: End User Computing SupportIT: ERP SupportEnrollment: First-Time Full-Time YieldFacilities: OperationsHR: 403(b)Research: F&A RecoveryUniversity-wide: Business Service Centers (BSCs)Higher Financial Impact / Lower Change to Service Delivery University-wide: Franklin Pierce School of LawUniversity-wide: UNH at ManchesterAdvancement: Alumni EngagementCommunications: Personnel CentralizationLibrary: Expenditure AlignmentEnrollment: Credit Hour Threshold AdjustmentHigher (4)Annual Financial ImpactFinancial Impact (1-4)Service Delivery (1-4)1 0-299,9992 300,000-599,9991 Little to No Change2 Moderate Change3 600,000-999,9994 1,000,000 3 Significant Change4 Transformative Change
Next Steps/Timeline
Academic Affairs Strategic Priority Initiatives Student Success and Well-Being– Retention Initiative– Rethink Core Curriculum– State of the Art Teaching and Learning Expand Academic Excellence– Honors College– Advance High Potential programs– Expand Graduate Education– Post-doctoral Diversity and Innovation Scholars Program Embrace NH– Expand leadership, student visits in Concord– Partner with K-12 high schools Build Financial Strength15– Diversify Tuition Revenue
Strategic SpendingStrategic PriorityActivityAmountRetention Initiatives 75kExpansion of Wildcat Days 58kStrategic/marketing spending in Law 100kEnrollment Management and Marketing 150kResearch Partnerships 300kK12 pipeline expansion (Year 1) 75kModernize CEMS platform 202kCampaign feasibility study 100kGift officer training 180kAdvancement initiatives 500kBranding and enrollment management marketing including On-lineHuron Financial Project 1M 600kTotal 3.3 M
Thank YouQuestions?
UNH's plans for the health science/nursing initiative were supported by the State. The 9 M appropriation has been received as part of our regular operating funds this year Capital commitment for the Biological Sciences Initiative and the renovation of Spaulding Hall of 30 M toward the 90 M project costs.
