2 UConn Storrs and Regionals - Updated Spending Plan
3 UConn Health - Updated Spending Plan
December 13 2017 2
State Budget Cuts to UConnThe negotiated State budget represents a nearly $143M cut to UConn through the biennium Additionally $214M of cuts due to lapses have been received These are dramatic reductions and will impact faculty students staff and patients at UConn
Compared to the BOT approved budget in June the negotiated State budget is an additional overall cut of $42M representing $31M for UConn and $11M for UCH
Additional Lapses Salary (7922416)$ (4744276)$
Fringe (5466467)$ (3273688)$
(13388883)$ (8017964)$ (21406847)$
TOTAL Variance from FY18 BOT approved budget (31405009)$ (11079766)$ (42484775)$
December 13 2017 4
Balancing the Budget in FY18In order to achieve a balanced budget for FY18 the University has
bull Implemented significant University-wide spending cuts bull Enforced a prudent and strategic freeze on hiring bull Increased undergraduate enrollmentbull Enrolled more studentsbull Identified new revenue streams
bull Increased tuition (per four year plan)bull Identified and implemented efficienciesbull Deferred delayed or cancelled capital projects and deferred
maintenanceAdditional mid-year cuts would have serious implications for the entire UConn community
December 13 2017 5
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Agenda
1 State Budget Impact for UConn
2 UConn Storrs and Regionals - Updated Spending Plan
3 UConn Health - Updated Spending Plan
December 13 2017 2
State Budget Cuts to UConnThe negotiated State budget represents a nearly $143M cut to UConn through the biennium Additionally $214M of cuts due to lapses have been received These are dramatic reductions and will impact faculty students staff and patients at UConn
Compared to the BOT approved budget in June the negotiated State budget is an additional overall cut of $42M representing $31M for UConn and $11M for UCH
Additional Lapses Salary (7922416)$ (4744276)$
Fringe (5466467)$ (3273688)$
(13388883)$ (8017964)$ (21406847)$
TOTAL Variance from FY18 BOT approved budget (31405009)$ (11079766)$ (42484775)$
December 13 2017 4
Balancing the Budget in FY18In order to achieve a balanced budget for FY18 the University has
bull Implemented significant University-wide spending cuts bull Enforced a prudent and strategic freeze on hiring bull Increased undergraduate enrollmentbull Enrolled more studentsbull Identified new revenue streams
bull Increased tuition (per four year plan)bull Identified and implemented efficienciesbull Deferred delayed or cancelled capital projects and deferred
maintenanceAdditional mid-year cuts would have serious implications for the entire UConn community
December 13 2017 5
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
State Budget Cuts to UConnThe negotiated State budget represents a nearly $143M cut to UConn through the biennium Additionally $214M of cuts due to lapses have been received These are dramatic reductions and will impact faculty students staff and patients at UConn
Compared to the BOT approved budget in June the negotiated State budget is an additional overall cut of $42M representing $31M for UConn and $11M for UCH
Additional Lapses Salary (7922416)$ (4744276)$
Fringe (5466467)$ (3273688)$
(13388883)$ (8017964)$ (21406847)$
TOTAL Variance from FY18 BOT approved budget (31405009)$ (11079766)$ (42484775)$
December 13 2017 4
Balancing the Budget in FY18In order to achieve a balanced budget for FY18 the University has
bull Implemented significant University-wide spending cuts bull Enforced a prudent and strategic freeze on hiring bull Increased undergraduate enrollmentbull Enrolled more studentsbull Identified new revenue streams
bull Increased tuition (per four year plan)bull Identified and implemented efficienciesbull Deferred delayed or cancelled capital projects and deferred
maintenanceAdditional mid-year cuts would have serious implications for the entire UConn community
December 13 2017 5
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Compared to the BOT approved budget in June the negotiated State budget is an additional overall cut of $42M representing $31M for UConn and $11M for UCH
Additional Lapses Salary (7922416)$ (4744276)$
Fringe (5466467)$ (3273688)$
(13388883)$ (8017964)$ (21406847)$
TOTAL Variance from FY18 BOT approved budget (31405009)$ (11079766)$ (42484775)$
December 13 2017 4
Balancing the Budget in FY18In order to achieve a balanced budget for FY18 the University has
bull Implemented significant University-wide spending cuts bull Enforced a prudent and strategic freeze on hiring bull Increased undergraduate enrollmentbull Enrolled more studentsbull Identified new revenue streams
bull Increased tuition (per four year plan)bull Identified and implemented efficienciesbull Deferred delayed or cancelled capital projects and deferred
maintenanceAdditional mid-year cuts would have serious implications for the entire UConn community
December 13 2017 5
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
bull Increased tuition (per four year plan)bull Identified and implemented efficienciesbull Deferred delayed or cancelled capital projects and deferred
maintenanceAdditional mid-year cuts would have serious implications for the entire UConn community
December 13 2017 5
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Revised FY18 Spending Plan UConn and UConn Health Combined FY18 Spending Plan
Spending plan above includes $13255M for UConn Storrs and Regionals and $10895M for UConn Health
Appropriation 3090 Personal Services 8859 Fringe Benefits amp Adjustments 2415 Fringe Benefits 4835 Total State Support 5506$ Correctional Managed Health Care 804 Tuition 4184 DrugsMedical Supplies 852 Fees 1409 MedicalDental House Staff 542 Grants amp Contracts 1674 ServicesRepairMaintenance 1930 Auxiliary Enterprise Revenue 2201 Other Expenses 2214 InternsResidents 667 Student Financial Aid 1727 Net Patient Revenue 4827 Debt ServiceProjects 623 Correctional Managed Health Care 804 Total Operating Fund 22386$ Other Revenue 1135
Research Fund 1764 Total Operating Fund 22405$
Total Operating Expenditures 24150$ Research Fund 1750
Net GainLoss 06$ Total Current Funds Revenues 24156$
Expenditures ($M)Revenues ($M)
December 13 2017 6
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Impact of Cuts to UConn
bull UConn has carefully and effectively managed its finances to balance the budget and maintain academic quality in the face of major reductions in State support and rising costs over the last few years The cuts in the biennium are significant and will impact every aspect of UConn
bull UConnrsquos goals are shifting from continuing to focus on protecting academic excellence delivering strong student support providing excellent patient care and supporting the research mission of the University to simply attempting to maintain our current position
bull Ongoing and mid-year cuts thwart our ability to forecast and plan effectively Continual significant cuts reduce the quality of the education UConn is able to offer and reduces the Universityrsquos ability to effectively contribute to the State and its economy
December 13 2017 7
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
UConn Successes At Risk
UConn successesbull Top 25 Public National University (18th) in US News and World Reportbull Opened new Downtown Hartford campus locationbull Decreased average time to degree to 42 years (4th among Peers)bull Increased number of class offerings by 33 bull Fall 2017 entering class included 81 valedictorians and 80 salutatorians
UConn Health successesbull Climbed to 56th in research and 34th in primary care categories in US News and
World Report rankingsbull ldquoArdquo rating for patient safety The Leapfrog Group 2015 2016 amp 2017bull Dental School received Geis Award for Excellencebull Increased average monthly emergency room visits to over 3000bull Expansion of programs including neurosurgery epilepsy monitoring unit sickle cell
and health disparities
The University has made significant gains and improved academic quality over the last several years These are now at risk due to the current fiscal climate and continual cuts
December 13 2017 8
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Long Term Financial Challenges
UConn has carefully and effectively managed the budget despite deep cuts to the budget over the last few years Looking forward the University is facing troubling financial challenges and asks the State for stable funding
Some long term financial concerns includebull SEBAC provides a 55 increase in FY20 and FY21 which is
equivalent to $59M and $66M respectivelybull Fringe growth is projected to grow at 15 annually or $166M in
additional expenses per yearbull SEBAC provides a ldquono layoffrdquo provision Approximately 56 of
UConnrsquos costs are personnelbull Tuition Plan ends in FY20bull Patient revenues are unpredictable due to payor mix volume and
reimbursement rates
December 13 2017 9
Revised Spending PlanStorrs and Regionals
FY18 Budget Cuts
AppropriationFY 2017
Negotiated Budget FY18
102417
Negotiated Budget FY19
102417
TOTAL BIENNIUM CUT
Appropriation 229917913 199253349$ 196119593$ Fringe Reimbursement 158643360 139729547$ 135322519$ TOTAL STATE SUPPORT 388561273 338982896$ 331442112$
APPROPRIATION CUT (30664564)$ (33798320)$ (64462884)$ Associated fringe cut at 69 (in dollars) (18913813)$ $ (23320841) $ (42234654)TOTAL STATE SUPPORT CUT (49578377)$ (57119161)$ (106697538)$
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
For Storrs and Regional Campuses the State budget represents a $107M cut in the biennium from the FY17 appropriation Additionally we received a $13M cut due to lapses
December 13 2017 11
Lapses = the amount of appropriation held back that is retained by OPM to achieve savings assumed in the overall State budget
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Revised FY18 Spending Plan
Note Use of decimals may result in rounding differences
With a hiring freeze cost cutting new revenue streams and expense avoidance UConn projects a balanced budget for FY18 despite State cuts
Appropriation 1913 Personal Services 4947 Fringe Benefits amp Adjustments 1358 Fringe Benefits 2513 Total State Support 3272$ Other Expenses 2105 Tuition 3984 Energy 229 Fees 1365 Equipment 205 Grants amp Contracts 825 Student Financial Aid 1727 FoundationEndowment 210 Debt ServiceProjects 449 Sales amp Services 199 Total Operating Fund 12175$ Auxiliary Enterprise Revenue 2201 Other Revenue 139 Research Fund 1080
Total Operating Fund 12194$ Total Operating Expenditures 13255$
Research Fund 1066 Net GainLoss 06$
Total Current Funds Revenues 13261$
Revenues ($M) Expenditures ($M)
Storrs and Regionals
December 13 2017 12
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
State Appropriation
FY18 $1993
$160
$180
$200
$220
$240
$260
FY00 FY02 FY04 FY06 FY08 FY10 FY12 FY14 FY16 FY18
Allotment Appropriation $200M Baseline
(In Millions)
Allotment includes reductions due to lapses rescissions and deficit mitigation
UConnrsquos State Appropriation hasnrsquot dropped below $200M since 2004 With the lapses UConnrsquos allotment for FY18 is currently $191M
Storrs and Regionals
December 13 2017 13
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
UConn Growth Since 2004
Since 2004 UConn has increased
bull Enrollment by 5434 undergraduate and graduate students
bull Faculty count by 410
bull US News and World Report ranking from 25 to 18
bull Applications up to 37000 for Fall 2017 an increase of 97
bull Institutional financial aid by $902M
bull Degrees awarded annually by 2521
Storrs and Regionals
December 13 2017 14
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Comparison
Note Use of decimals may result in rounding differences
Increased enrollment gains in other revenue sources hiring freeze restricted spending and reductions in capital projects and deferred maintenance helped offset State cuts
Storrs and Regionals
December 13 2017 15
FY18 Original BOT Budget
($M)
FY18 Revised Budget
($M)
Favorable (Unfavorable)
($M)Notes
Appropriation 2112 1913 (199) Revised State Appropriation Includes $79M in lapsesFringe Benefits amp Adjustments 1469 1358 (110) Fringe estimated at 71 Includes $55M in lapses Total State Support 3581$ 3272$ (309)$ Tuition 3901 3984 83 150 more students 352 additional international studentsFees 1348 1365 17 Increased enrollmentGrants amp Contracts 775 825 50 Increase in Pell funding and other scholarships from budgeted amount FoundationEndowment 195 210 15 Increased Foundation usage to offset cutsSales amp Services 183 199 16 Based on FY17 year end actuals and first quarter resultsAuxiliary Enterprise Revenue 2201 2201 - Housing Dining and Athletics are on targetOther Revenue 159 139 (20) Some shift to expense reduction revenues trending slightly downward
Total Operating Fund 12343$ 12194$ (149)$ Increase in revenue streams helps offset the State cuts
Research Fund 1066 1066 -
Total Current Funds Revenues 13410$ 13261$ (149)$
Personal Services 4962 4947 15 Additional hiring restrictions on top of budgeted personnel reductionsFringe Benefits 2483 2513 (30) Final FY18 fringe rates are higher than FY17 but lower than wo SEBACOther ExpensesEquipment 2338 2310 28 Cost cutting expense avoidance and careful spendingEnergy 249 229 20 Based on FY17 year-end actuals and first quarter resultsStudent Financial Aid 1659 1727 (67) Increase in Pell funding ($4M) and other scholarships Debt ServiceProjects 621 449 171 Reduction in capital projects and deferred maintenance
Total Operating Fund 12312$ 12175$ 137$
Research Fund 1080 1080 -
Total Current Funds Expenditures 13392$ 13255$ 137$
Net Gain(Loss) Loss 18$ 06$ (12)$
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Revenue by CategoryState support is an important and significant piece of the budget however in FY18 tuition will be the largest revenue source at over 30 of total revenues
Note Use of decimals may result in rounding differences
Appropriation 1913 Fringe Benefits amp Adjustments 1358 Total State Support 3272$ Tuition 3984 Fees 1365 Grants amp Contracts 825 FoundationEndowment 210 Sales amp Services 199 Auxiliary Enterprise Revenue 2201 Other Revenue 139
Total Operating Fund 12194$
Research Fund 1066
Total Current Funds Revenues 13261$
Revenues ($M)
State Support247
Tuition300
Fees 103
Grants amp Contracts
62
Foundation 16Sales amp Services
15 Auxiliary Enterprise Revenue
166
Research Fund 78
Other Revenue
11
Storrs and Regionals
Tuition and Fees make up more than 40 of UConnrsquos budgeted revenues
December 13 2017 16
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Tuition Revenue
FY17 was the first year that tuition surpassed State support as the largest revenue source The gap grows significantly in FY18 and FY19
$2461 $2599
$2698 $2904
$3197
$3534
$3775 $3984
$4220
$3290
$2824 $2885
$3081
$3507
$3845
$3740
$3272 $3314
$225
$260
$295
$330
$365
$400
$435
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18Budget
FY19Budget
State Support and Tuition Revenue
Tuition
State Support
$91M
Storrs and Regionals
UConn enrollment growth and increased rates have resulted in overall tuition revenue increases
December 13 2017 17
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Expense by Category
Note Use of decimals may result in rounding differences
Salary and Fringe Benefits are the largest expense for the University at 563 of the total with Other Expenses accounting for 158 and Financial Aid at 13
Personal Services 4947 Fringe Benefits 2513 Other Expenses 2105 Energy 229 Equipment 205 Student Financial Aid 1727 Debt ServiceProjects 449 Total Operating Fund 12175$
Research Fund 1080
Total Operating Expenditures 13255$
Expenditures ($M)
Personal Services373
Fringe Benefits
190
Other Expenses
158
Energy17
Equipment15
Student Financial Aid
130
Debt ServiceProjects
34
Research Fund 81
Storrs and Regionals
Personnel costs represent more than 56 of the overall expense budget UConn will continue to restrict hiring and closely watch any spending to help maintain the balanced budget
December 13 2017 18
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Rising Costs - Salary Expenses
Between FY11 and FY18 mandated salary increases due to union agreements cost UConn about $68M or 83 of the total salary growth
Other this category includes classified non-faculty professional (UCPEA) management confidential graduate assistant student amp special payroll
The majority of the growth in FY18 is due to graduate assistant contractual increases and additional police Per the SEBAC agreement FY18 includes no facultystaff salary increases
Salary Expenses ($M)
Storrs and Regionals
December 13 2017 19
$279 $272 $285 $305 $317 $326 $321 $320
$134 $143 $141$157 $166 $171 $175 $175
$0
$100
$200
$300
$400
$500
$600
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
FacultyAAUP
Other
$413 $414
$496
$425$462 $483 $497 $495
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Revised Spending PlanUConn Health
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
State Budget CutsUConn Health
Compared to the BOT approved budget in June the negotiated State budget is an overall cut of $111M
December 13 2017 21
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Updated FY18 Spending Plan
(Cash Sources and Uses)
Appropriation 1177 Personal Services 3912 Fringe Benefits amp Adjustments 1057 Fringe Benefits 2322 Total State Support 2234$ Correctional Managed Health Care 804 Tuition 200 DrugsMedical Supplies 852 Fees 44 Other Expenses 2147 Grants amp Contracts 849 Debt ServiceProjects 174 InternsResidents 667 Total Operating Fund 10211$ Net Patient Revenue 4827 Correctional Managed Health Care 804 Research and Restricted Expenditures 684 Other Revenue 586
Total Operating Fund 10211$ Total Operating Expenditures 10895$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$ Net Gain(Loss) -$
Revenues ($M) Expenditures ($M)
UConn Health
UConn Health has achieved a balanced budget by implementing spending cuts restricting hiring and identifying new revenue streams
December 13 2017 22
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Comparison
(Cash Sources and Uses)FY18
Original BOT Budget ($M)
FY18 Revised
Budget ($M)
Favorable (Unfavorable)
($M) NotesAppropriation 1254 1177 (77) Reduction in workers compensation and lapsesFringe Benefits amp Adjustments 1006 1057 51 increase due to increase in fringe ratesTotal State Support 2260$ 2234$ (26)$ Tuition 200 200 - Fees 44 44 - Grants amp Contracts 872 849 (23) First quarter resultsInternsResidents 667 667 - Net Patient Revenue 4751 4827 76 Enhanced payments and first quarter resultsCorrectional Managed Health Care 804 804 - Other Revenue 576 586 10 First quarter results - retail pharmacy Total Operating Fund 10174$ 10211$ 37$
Research and Restricted Funds 684 684 -
Total Current Funds Revenues 10858$ 10895$ 37$
Personal Services 3896 3912 (16) Implementation of final SEBAC provisionsFringe Benefits 2288 2322 (34) Implementation of final SEBAC provisionsCorrectional Managed Health Care 804 804 - DrugsMedical Supplies 847 852 (05) First quarter resultsOther Expenses 2165 2147 18 First quarter resultsDebt ServiceProjects 174 174 (00) Total Operating Fund 10174$ 10211$ (37)$
Research and Restricted Expenditures 684 684 -
Total Operating Expenditures 10858$ 10895$ (37)$
Net Gain(Loss) -$ -$ -$
UConn Health
Reductions in personnel costs and increased patient revenue offset State cuts
December 13 2017 23
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
Appendix
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
State Support
UConn Storrs and Regionals amp UConn Health have sustained $1638M in State reductions lost fringe and fund sweeps since 2010 ($1044M for Storrs and $594M for UCH)
Reductions = lapses rescissions and deficit mitigation
UConn TOTAL - Combined Reductions Fringe (lost) and Fund Sweeps ($M)
December 13 2017 25
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Revenue by Category
Appropriation 1177 Fringe Benefits amp Adjustments 1057 Total State Support 2234$ Tuition 200 Fees 44 Grants amp Contracts 849 InternsResidents 667 Net Patient Revenue 4827 Correctional Managed Health Care 804 Other Revenue 586
Total Operating Fund 10211$
Research and Restricted Funds 684
Total Current Funds Revenues 10895$
Revenues ($M)
UConn Health
State support is the second largest revenue source at 22 of total revenue
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)
State Support reduction (Gov Rec compared to Allotment Amount - includes Block Grant In-kind Fringes Bioscience and Workers Compensation)
(118)
NICU Rental Income decrease (Per contract)
(10)
Research Grants
(19)
Fringe Benefit - retirement rates per comptrollers estimates (Net of in-kind fb)
(68)
Fringe Benefit - estimates of Insurance increases (Net of in-kind fb)
(40)
FY2018 Original Projection (without Health One)
$ (361)
Health One - revenue reduction
(113)
Health One - training and back fill
(120)
Total FY18 Preliminary Forecast
$ (594)
FY17 Forecast vs FY17 Budget
FY17 Budget
FY17 Forecast
Variance
Revenues
Net Patient Care
$ 4715
$ 4567
$ (148)
Other Revenue
2241
2243
02
Correctional Managed Health Care
833
824
(09)
State Support
1236
1218
(18)
In-kind Fringe Benefits and Differential
976
1007
31
Total Revenue
$ 10001
$ 9860
$ (141)
Expenses
Salary
$ 3857
$ 3843
$ (14)
Fringe Benefits
2066
2037
(29)
Correctional Managed Health Care
833
824
(09)
Other Expenses
3404
3352
(52)
Total Expenses
$ 10160
$ 10056
$ (104)
Excess(Deficiency) of Revenues over Expenses
$ (159)
$ (197)
$ (38)
notes for Jeff
summary of forecast changes
(21554857)
Third Party updated thru April YTD
(3000000)
IT review
183120
Core Reconciliation
1800000
Interns amp Res
823000
Hemophilia clinic340B pharmacy
1360329
Library (moved to capital)
108000
Facilities Mgmt
223012
Creative Child Care
23000
Fire Dept
76780
ResearchAcademic review of spend
1258000
2855241
(18699616)
FY18 Budget Assumptions
The following presentation assumes
Tuition and Fees - overall 45 rate increase
Research revenue - slight increase offset by additional expenses
Salaries - no increase related to bargaining units due to no settled contracts as of budget preparation
Fringes - State Comptrollers estimated state retirement rates used
Appropriation - Governors Recommended Revised budget as of May 15 2017
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017 Forecast
FY2018 Budget
UCH Profit (Loss)
(7203277)
(15458141)
(2876454)
(12564848)
(19688715)
(59400000)
UCH Profit (Loss)
(72)
(155)
(29)
(126)
(197)
(594)
Orig Projection
Final Budget
ActualsForecast
FY14
(210)
(110)
(155)
FY15
(259)
(125)
(29)
FY16
(400)
(159)
(126)
FY17
(481)
(159)
(197)
FY18
(594)
(184)
Note
Financial Improvement Project began in FY2014 - Total savings of $103M
FY18 Expense by Category
Personal Services 3912 Fringe Benefits 2322 Correctional Managed Health Care 804 DrugsMedical Supplies 852 Other Expenses 2147 Debt ServiceProjects 174 Total Operating Fund 10211$
Research and Restricted Expenditur 684
Total Operating Expenditures 10895$
Expenditures ($M)
Personal Services
36
Fringe Benefits21Correctional
Managed Health Care7
DrugsMedical Supplies
8
Other Expenses20
Debt ServiceProjects
2
Research and Restricted
Expenditures6
UConn Health
Personnel costs make up 57 of UConn Healthrsquos overall expenditure budget
UCH Profit (Loss)FY 2013FY 2014FY 2015FY 2016FY 2017 ForecastFY2018 Budget-72032769999999999-15458140999999999-28764539999999998-12564848-19688714999999998-594
Assumptions
FY17 Forecast
FY18 Assumptions ($59M)
FY18 Target
FY18 Budget (cash)
FY18 Budget (PampL)
BOT spending report
FY18 Budget (cash comparison)
Revenue chart
State SupportTuitionFeesGrants amp ContractsInternsResidentsNet Patient RevenueCorrectional Managed Health CareOther Revenue22342044000000000000004849667482780400000000000006586
expense chart
Personal ServicesFringe BenefitsCorrectional Managed Health CareDrugsMedical SuppliesOther ExpensesDebt ServiceProjectsResearch and Restricted Expenditures391223228040000000000000685221471740126000000000168400000000000006
Appropriation revision
amp8ampK00-024ampZampF
Differences in rates FY18 orig budget used 74 as a rate When estimating for medicagov relations Uconn storrs suggested we use the same rate at 69
For the revised BODBOT presentations used the 816 rate with the new appropriation
Health Insurance - Increase in employee share of premium
Unions
- Increase 1 each year in FY20FY21FY22 for existing employees - New employes at 15 - Mgmt already at 23
Uconns share of the premium will decrease by 1 Will impact fringe cost
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Mgmt
No change Management share increasing in FY18 to 23
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Fringe Rate Impact
All other Pension and Healthcare changes IMPACT UNKNOWN
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact OPM provided an estimated reduction to SERS rate of 6
$ - 0
Retiree Healthcare
Retiree COLA health contribution and Medicare changes
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Contribution
FY18 FY19 = Increase pension contribution by 15FY20 FY21 = Increase pension contribution by additional 05
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
Pension - Tier IV
Hybrid pensiondefined contribution State will match 1
This should ultimately reduce fringe costs but additional information and further analysis is required to understand full impact
$ - 0
TOTAL COST(SAVINGS) - UNION EMPLOYEES
$ - 0
$ (48)
$ 174
$ - 0
$ - 0
$ 126
FY17 Forecast ($M)
FY18 Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1218
1178
(40)
Governors revised budget
Fringe Benefits amp Adjustments
1007
1006
(01)
Total State Support
$ 2225
$ 2183
Tuition and Fees
233
244
11
Approved tuition rate increase of 45
Grants amp Contracts
864
872
08
Research grant revenue remains flat
InternsResidents
630
667
37
Growth in revenue offset by increased expenses
Net Patient Revenue
4577
4751
174
38 increase
Correctional Managed Health Care
835
804
(31)
Other Revenue
517
576
60
Total Operating Revenues
$ 9880
$ 10098
$ 259
Personal Services
3843
3896
53
Increase is related to mid year hires in FY17
Fringe Benefits
2046
2211
165
estimated Comprollers fringe rates used
Correctional Managed Health Care
835
804
(31)
DrugsMedical Supplies
823
847
24
increase in drugsmedicals supplies related to increase in volume
Other Expenses
2530
2165
(365)
Debt ServiceProjects
- 0
- 0
- 0
Total Operating Expenses
10077
9924
(154)
Net Gain(Loss)
(197)
1740
4125
Net Patient Revenue
Total State Support
Net Patient Revenue
Total State Support
FY13
358367701
173192257
3584
1732
FY14
372814684
213854874
3728
2139
FY15
431182934
226796933
4312
2231
FY16
452366520
235291486
4524
2353
FY17 Forecast
457724062
222513422
4577
2225
FY18 Budget
475098373
218446953
4751
2184
per TM1
per TM
Fiscal Year
Appropriation
Allotment
Democratic budget
Republican budget
FY10
118972138
117734347
FY11
119346347
119166814
FY12
109669578
108458794
FY13
112666627
108519733
FY14
125542313
125018941
FY15
135366969
131158966
FY16
144290800
143898479
FY17
134539312
130030646
134539312
134539312
FY18
125474563
126820354
115249782
FY18 Budget Target
$ (184)
SEBAC estimated costs
Three furlough day savings not in FY19
(34)
Longevity (postponed in FY18)
(28)
Lump Sum payments (estimated $2000)
(160)
Appropriation (Governors Recommended)
55
Clinical revenue
90
FY19 Estimated Budget
$ (261)
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Original
Forecast
variance
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total Operating Revenue
77320
76560
(760)
Total State Support
$ 2225
Correctional Managed Health Care
835
State Support
22470
22250
(220)
Tuition and Fees
233
DrugsMedical Supplies
823
Restricted Capital Balances
Grants amp Contracts
864
Other Expenses
2152
Use Allowance
560
200
(360)
1820
InternsResidents
630
Debt ServiceProjects
169
State Bond Funds
4440
2640
(1800)
use fy18 carryforward
Net Patient Revenue
4577
Total Operating Fund
$ 9868
Departmental Grant Funds
100
100
- 0
Correctional Managed Health Care
835
Other Revenue
517
Research and Restricted Expenditures
294
Total Available for Spending
104890
101750
(3140)
Total Operating Fund
$ 9881
Total Operating Expenditures
$ 10162
Total Operating Expenses (less depreciation)
97640
96990
(650)
Current Approved Capital Projects
250
250
- 0
balances carried into FY18
Research and Restricted Funds
294
Working Capital Needs
200
200
- 0
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
FY 2017 Capital Spending
1200
690
(510)
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
Total Current Funds Revenues
$ 10175
Net Gain(Loss)
$ 13
State Bond Funds
4390
2640
(1750)
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
Use Allowance
560
200
(360)
26423247
Departmental Grant Funds
100
100
- 0
Principal Payment on Debt
550
550
- 0
Total Spending Plan
104890
101620
(3270)
Excess(Deficiency)
- 0
130
130
FY17 Capital Budget Pools
Dept Name
Description of Equipment or Project
Original Budget
Source of Funds
balance as of June 2017
spent
epic
Information Tech
EPIC Project (1)
3500000
Operating
2500000
1000000
2000000
FY16
Campus Planning
Capitalized Positions
779619
Operating
- 0
779619
3500000
FY17
Library
Library Acquisitions
1080000
Operating
- 0
1080000
(3000000)
spent
Finance
UCH Contingency
2603139
Operating
951432
1651707
2500000
balance available
Finance
CFO - Hold
4000000
Operating
3594475
405525
11962758
7045907
4916851
2000000
per jeff
6916851
Revenues ($M)
Expenditures ($M)
Appropriation
1218
Personal Services
3843
Appropriation
1218
Personal Services
3843
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Fringe Benefits amp Adjustments
1007
Fringe Benefits
2046
Total State Support
$ 2225
Correctional Managed Health Care
835
Total State Support
$ 2225
Correctional Managed Health Care
835
Tuition and Fees
233
DrugsMedical Supplies
823
Tuition and Fees
233
DrugsMedical Supplies
823
Grants amp Contracts
864
Other Expenses
2152
Grants amp Contracts
864
Other Expenses
2150
InternsResidents
630
Depreciation
379
InternsResidents
630
Depreciation
379
Net Patient Revenue
4577
Total Operating Expenditures
$ 10078
Net Patient Revenue
4577
Total Operating Expenses
10077
Correctional Managed Health Care
835
Correctional Managed Health Care
835
Other Revenue
517
Other Revenue
517
Net Gain(Loss)
(197)
Total Operating Revenues
$ 9881
Net Gain(Loss)
$ (197)
Total Operating Revenues
$ 9880
Spending plan FY18 (detail capital)
Original
Revised
Depreciation
35801260
35801260
EPIC - Carryforward (orig $55M spent $30M)
(2500000)
(2500000)
EPIC - FY18
(3500000)
(3500000)
Debt payments
(6576264)
(6576264)
Capital Pool - FY18
(2453042)
(2453042)
Library e-resources
(500000)
- 0
moved to operating-offset by inkind fb
IT Pool
(1000000)
(1000000)
Capital Projects carryforward
(871954)
(871954)
CFO contingency pool
- 0
(1000000)
Library e-resources - use allowance
(500000)
- 0
moved to operating offset by inkind fb
Use allowance (part of the $684M)
500000
500000
use allowance cash still funding Library resouces in operating
Total Debt serviceprojects
(17401260)
(17401260)
Operating Loss
(18400000)
(18400000)
Balance
- 0
- 0
FY18
FY19
Used in FY18 Budget --Governor Recommended Rev May 15 2017
Senate and House Approved Budget 102017
Variance
Lapses Distribution 11172017
Net Appropriation
Senate and House Approved Budget 102017
Variance
Block Grant
106767742
106746887
(20855)
(4437991)
102308896
106746848
(39)
AHEC
- 0
374566
374566
(199)
374367
374566
- 0
Bioscience CT funding
10984843
10984843
- 0
(306086)
10678757
11567183
582340
Workers Compensation Approp
7721978
4320855
(3401123)
- 0
4320855
4324771
3916
125474563
122427151
(3047412)
(4744276)
117682875
123013368
586217
Workers Compensation claims
(7721978)
(7721978)
- 0
(7721978)
(7721978)
- 0
117752585
114705173
(3047412)
(4744276)
109960897
115291390
586217
74 used
69 used
Inkind fb
87136913
81234894
(5902019)
(3273413)
77961481
add fringe differential
13500000
13500000
13500000
100636913
94734894
(5902019)
91461481
(3273413)
total State support gross (before wc claims)
226111476
217162045
(8949431)
209144356
total State support net (after wc claims)
218389498
209440067
(8949431)
201422378
Inkind fb
87121480
92197925
add fringe differential
13500000
13500000
100621480
105697925
5076445
total State support gross (before wc claims)
223048631
223380800
total State support net (after wc claims)
215326653
215658822
Expenditures ($M)
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Total Operating Fund
$ 10211
Research and Restricted Expenditures
684
Total Operating Expenditures
$ 10895
Personal Services
3912
Fringe Benefits
2322
Correctional Managed Health Care
804
DrugsMedical Supplies
852
Other Expenses
2147
Debt ServiceProjects
174
Research and Restricted Expenditures
684
Revenues ($M)
Appropriation
1177
Fringe Benefits amp Adjustments
1057
Total State Support
$ 2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Total Operating Fund
$ 10211
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
State Support
2234
Tuition
200
Fees
44
Grants amp Contracts
849
InternsResidents
667
Net Patient Revenue
4827
Correctional Managed Health Care
804
Other Revenue
586
Research and Restricted Funds
684
FY18 Original BOT Budget ($M)
FY18 Revised Budget ($M)
Favorable (Unfavorable) ($M)
Notes
Appropriation
1254
1177
(77)
Reduction in workers compensation and lapses
Fringe Benefits amp Adjustments
1006
1057
51
increase due to increase in fringe rates
Total State Support
$ 2260
$ 2234
$ (26)
Tuition
200
200
- 0
Fees
44
44
- 0
Grants amp Contracts
872
849
(23)
First quarter results
InternsResidents
667
667
- 0
Net Patient Revenue
4751
4827
76
Enhanced payments and first quarter results
Correctional Managed Health Care
804
804
- 0
Other Revenue
576
586
10
First quarter results - retail pharmacy
- 0
Total Operating Fund
$ 10174
$ 10211
$ 37
Research and Restricted Funds
684
684
- 0
Total Current Funds Revenues
$ 10858
$ 10895
$ 37
Personal Services
3896
3912
(16)
Implementation of final SEBAC provisions
Fringe Benefits
2288
2322
(34)
Implementation of final SEBAC provisions
Correctional Managed Health Care
804
804
- 0
DrugsMedical Supplies
847
852
(05)
First quarter results
Other Expenses
2165
2147
18
First quarter results
Debt ServiceProjects
174
174
(00)
Total Operating Fund
$ 10174
$ 10211
$ (37)
Research and Restricted Expenditures
684
684
- 0
Total Operating Expenditures
$ 10858
$ 10895
$ (37)
Net Gain(Loss)
$ - 0
$ (00)
$ (00)
UConn Health
Spending Plan for Fiscal Year 2018
Revenues
Appropriation
117752585
Fringe Benefits amp Adjustments
100594368
Total State Support
$ 218346953
Tuition and Fees
24402915
Grants amp Contracts
87178304
InternsResidents
66694948
Net Patient Revenue
475098373
Correctional Managed Health Care
80426658
Other Revenue
57635408
Total Operating Funds
$ 1009783559
Research and Restricted Funds
68423247
Total Current Funds Revenues
$ 1078206806
Expenditures
Personal Services
389629832
Fringe Benefits
221135897
Correctional Managed Health Care
80426658
DrugsMedical Supplies
84704197
Other Expenses
216482470
Debt ServiceProjects
17401260
Total Operating Funds
$ 1009780314
Research and Restricted Expenditures
68423247
Total Operating Expenditures
$ 1078203561
Net Gain
$ 3245
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Depreciation
358
Grants amp Contracts
849
Depreciation
358
InternsResidents
667
Total Operating Expenditures
$ 10395
InternsResidents
667
Total Operating Fund
10395
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Correctional Managed Health Care
804
Other Revenue
586
Other Revenue
586
Total Operating Revenues
$ 10211
Net Gain(Loss)
$ (184)
Total Operating Fund
$ 10211
Net Gain(Loss)
(1838)
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
Revenues ($M)
Expenditures ($M)
see notes below for summary of changes
Appropriation
1177
Personal Services
3912
Appropriation
1177
Personal Services
3912
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Fringe Benefits amp Adjustments
1057
Fringe Benefits
2322
Total State Support
$ 2234
Correctional Managed Health Care
804
Total State Support
$ 2234
Correctional Managed Health Care
804
Tuition
200
DrugsMedical Supplies
852
Tuition
200
DrugsMedical Supplies
852
Fees
44
Other Expenses
2147
Fees
44
Other Expenses
2147
Grants amp Contracts
849
Debt ServiceProjects
174
Grants amp Contracts
849
Debt ServiceProjects
174
InternsResidents
667
Total Operating Fund
$ 10211
InternsResidents
667
Total Operating Fund
10211
Net Patient Revenue
4827
Net Patient Revenue
4827
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Correctional Managed Health Care
804
Research and Restricted Expenditures
684
Other Revenue
586
Other Revenue
586
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Total Operating Fund
$ 10211
Total Operating Expenditures
$ 10895
Research and Restricted Funds
684
Research and Restricted Funds
684
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
$ (00)
Total Current Funds Revenues
$ 10895
Net Gain(Loss)
00
Research and Restricted Funds - detail
Use Allowance
7000000
per Julie
State Bond Funds-EMR
23700000
State Bond funds EMR (41M less spent $173)
storrs funds for EMR $48M
Storrs Funds - EMR
35000000
per storrs agreement
FY18
35000000
Comprehensive Cancer Center
1556995
cash balance (orig amt 25M in FY13)
FY19
13000000
Health Disparity
1166252
cash balance (orig amt 25M in FY13)
48000000
68423247
Notes - Revisions to original budget presented June28th
Approp revised to approved budget - Oct 2017 and added back the wc - and reduced with lapses of 47M
inkind fringe updated using new approp and lapses- 816 rate used was 74
split tuition and fees (per request of storrs)
Reduced Grants and contract - first qtr results $23M
workers comps claims of $7721978 moved to fringe exp (was netted out of approp in orig)
Net patient revenue increased by $30M (umg enhanced physician payments) and 1st quarter results $46M
Other revenue - first qtr results - Retail pharmacy
salary cost added 16M (SEBAC provisions longevity and clean up of furlough)
fb cost added $33M (half of Sebac reallocations) offset with addl inkind fringe
rounding issue $100k added to inkind fringe
Drugs and Med supplies $500K added - first quarter results
other expenses $500K added for eresources (maintenance and subscription fees) and first qtr results research decrease $23M
FY18 Budget Target
FY18 Bottom line - Preliminary Projection
$ (5940)
Financial interventions posted to budget
1270
FY18 Bottom line - Current
$ (4670)
Not Posted to Budget
SEBAC (Estimated Savings)
1270
UMG
Revenue increase (Adding an additional Patient per week would be approximately $13M)