UA Operational and Financial Review - November 2016 (PDF)
Transcript of UA Operational and Financial Review - November 2016 (PDF)
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NOT ALL CASH BALANCES ARE ALIKE34% of Balances are from Restricted Funds
REQUIRED BY CREDIT RATING AGENCIESMoody’s Rating Aa2, S&P AA-
CASH FLOW TO MEET ON-GOING EXPENSES$47M/payroll, $452M Remitted Tuition, $48M/month to bridge sponsored grant & contract reimbursement
RISK MITIGATIONGuaranteed Tuition, State Lottery Reduction,State Appropriation, Future Commitments, TRIF Revenue Sunset
FINANCIAL VIABILITY – LIQUIDITY
MONTHLY DAYS CASH ON HANDAS OF JUNE 30TH
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FY2016 TOTAL DEBT BY USE• 71% Academic & Research• 29% Auxiliary
FY2016 TOTAL DEBT BY FUND SOURCE• 35% Tuition & General Purpose Funds• 29% Auxiliary• 36% State Appropriation/State Lottery
Significant retirement of debt by FY2021 and FY2025 provides future opportunities for reinvesting in Academic & Research infrastructure.
FINANCIAL VIABILITY – DEBT PORTFOLIO
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LAND-GRANT MISSION – AN EXAMPLE: COOPERATIVE EXTENSION• Presence in every county of Arizona
• Facilities, operation & maintenance challenges due to location
MEDICAL COLLEGES – TWO IN TWO VERY DIFFERENT CITIES• High-cost personnel, laboratories, facilities
• Complex contractual agreements with medical partners
• Patient clinical activities & facilities required
OWNERSHIP & MANAGEMENT OF AUXILIARY ACTIVITIES
OTHER FACTORS• Decentralized budget model – RCM
• Large amount of sponsored research – cost reimbursement & multi-year contracts
• Special line item appropriations: Freedom Center, Arizona Geological Survey, Telemedicine,
Clinical Rural Rotations, Liver Research, etc.
FINANCIAL VIABILITY – MISSION DIFFERENTIATION
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UNPRECEDENTED NUMBER OF CAMPUS-WIDE UA COLLABORATIONS• City of Phoenix – land leases, masterplan & building development collaboration, site infrastructure
• NAU – HSEB & BPSB partnerships, program collaborations, NAU development projects managed by UA
• ASU – ABC1 partnership, synergistic developments north of UA/PBC, central plant collaborations
• Banner Health – multi-campus partnership, with new clinic collaboration at PBC
• Dignity Health – cancer care delivery partner at UA Cancer Center – parking provided through UA
• Boyer Company – P3 project with city for PBC garage – garage lease rates/terms negotiated by UA
• NRG – central plant & infrastructure planning & development collaborations
• TGen – program & shared use of TGen building
• Multiple Planning, Design & Construction Teams – diverse collaborations to build world-class,
award-winning urban health care, educational & research facilities in the heart of downtown Phoenix
UNPRECEDENTED NUMBER OF CAMPUSWIDE UA COLLABORATIONS SUCCESS THROUGH COLLABORATION
PHOENIX BIOMEDICAL CAMPUS
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SUCCESS THROUGH COLLABORATION
AWARD-WINNING UA FACILITIES
PHOENIX BIOMEDICAL CAMPUS
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UA Cancer Center
BSPB Building
Health Sciences Education Bldg.
ABC1 Building
TGEN Building
Parking Garage
Adapted Historic BldgsMercado Block
UA – PHOENIX INVESTMENT & ECONOMIC IMPACT
UA 15-YEAR INVESTMENT OF OVER $414M (1.3M GSF OF SPACE)$268M UA SPEED Funds$ 86M UA System Revenue Bonds $ 15M Federal Grant Funding$ 17M Charitable Contributions$ 20M NAU & ASU Funding Contributions $ 7M Dept. or Auxiliary-Funded Investments$414M Total UA PBC Investment
PLUS ONGOING UA P3 INVESTMENTSLease for three Historic BuildingsGarage Licensing for 418 Spaces
$.66M ALSO INVESTED IN PBC BY OTHERS
PHOENIX BIOMEDICAL CAMPUS
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• UA – Phoenix currently has over $1B annual economic impact on community
• Economic equivalent to two Super Bowls coming to Phoenix each year
• Employment growth of over 8,000 jobs added to community
• UA – Phoenix to have $3.1B annual economic impact in 10 years
PHOENIX BIOMEDICAL CAMPUS
UA – PHOENIX INVESTMENT & ECONOMIC IMPACT
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UA – PHOENIX / PBC MASTERPLAN UPDATE
• 1.43M GSF currently on UA-designated part of campus
• Additional .75M GSF ($500M) in UA growth anticipated in next 10 years
• 2.2M GSF total development capacity for UA-designated part of campus
• Plus future development capacity of roughly1.2M GSF on Mercado block
• Recently purchased PBC bldg. 4 to be developedfor UA office educational use
• UA – Banner clinic collaboration in discussionfor site adjacent to PBC campus
5TH
AV
E
7THA
VE
FILLMORE ST.
Garage
TGEN Bldg
Lab Bldg
Historic Bldgs
Mercado Block
UA Cancer Center
Lab Bldgs
BSPB
HSEB
Academic Office Bldg
ABC1
VAN BUREN ST.
PHOENIX BIOMEDICAL CAMPUS
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• Cracked concrete floors• Antiquated cold rooms • Envelope leakage• Asbestos fireproofing• Deteriorated insulation• Duct leakage• Constant volume air handlers• Inefficient lab exhaust• No energy recovery• Low air changes• Dirty ductwork• Interior duct lining• Exterior standing water• Grading/site drainage issues• Piping dead legs• Industrial Hygienist results
FACILITY CONDITION ASSESSMENT RESULTS
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UTILITY TUNNEL ASSESSMENT UPDATEGILA TUNNEL PHOTOS
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UTILITY TUNNEL ASSESSMENT UPDATEANTHROPOLOGY TUNNEL PHOTOS
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UTILITY TUNNEL ASSESSMENT UPDATECOCONINO TUNNEL PHOTOS
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• Deferred Maintenance 2005 – 2006 $61,999,581
• Deferred Maintenance 2015 – 2016 $312,360,564
• Deferred Maintenance 2025 – 2026 $1,070,000,000
THE UNIVERSITY OF ARIZONA DEFERRED MAINTENANCE TIME BOMB
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DEFERRED MAINTENANCE CATASTROPHIC FAILURE
• Summer of 2016 – Electrical fire at UAHS affected emergency power and chilled water that resulted in the relocation of patients for a 24-hour period.
• Electrical equipment needed to be secured through eBay due to unavailability of the 1960s fuses.
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FACULTY INNOVATION: KNOWLEDGE FRONTIERSSTRATEGIC CLUSTER HIRING INITIATIVE
• Ecosystem Genomics cluster
• Soil scientist, recruited from Stanford
• How soil microbes influencethe atmosphere we breatheand survive in
LAURA MEREDITH
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• Computational Media cluster
• Digital Artist, recruited from Worcester Polytechnic Institute
• Invented a completely new art medium, lineographs on electronic ink screens
• Screen emits no light and is entirely reflective, mimicking the aesthetic of an ink drawing, except with movement
JOSEPH FARBROOK
FACULTY INNOVATION: KNOWLEDGE FRONTIERSSTRATEGIC CLUSTER HIRING INITIATIVE
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• UA has 75% of the research space of our peer mean
• Significant investments in new buildings
• Substantial needfor modernized research space
• Strong ROIof Research Infrastructure I
BUILT-TO-LAST FOUNDATIONAL INFRASTRUCTURE
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• $13M investment in large-scale instrumentation
• Coalesced existing distributed capacities into core facilities
• Deliver upgraded, professional services with sustainable business model
• Hubs for interdisciplinary collaboration & industry engagement
BUILT-TO-LAST FOUNDATIONAL INFRASTRUCTURE
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+14% +25%
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+104%+200%
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+74%
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+370%
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