FY 2010 Interim Plan

1. FY 2010 Interim Plan WVU Board of Governors June 5, 2009

2. FY2010 Interim Plan Timeline June 5, 2009 – Adoption of an FY 2010 Interim Forecast November 6, 2009 – Adoption of the FY 2010 Forecast

3. Budget Uncertainty • State Appropriations Revenues • Budget Reduction – One-time reduction $6 million • Use of Federal Stimulus Funding – pending • Tuition and Fees Revenues – should be known by September • Impact of Current Economic Conditions on Enrollment • First –Time Freshman • Transfer Students • Returning Students • Total Students – 28,500 • Endowment Spend Revenues - evaluation of impact on colleges should be known by July

4. Anticipated Changes in State Appropriations Dollars in Thousands

5. First-Time Freshman Enrollment Projections Based on Admits 4,786 2,611 2,175

6. Freshman Enrollment Projections Based on Confirmations1 Total 4,557 Non-Resident 2,431 2,125 Resident 1Confirmations include academic deposits, housing deposits and or registration for orientation. If a prospective student Has taken any of these actions they are reflected a confirmed for purposes of this analysis.

7. Freshman Enrollment Projections Based on Applications and Confirmations1 4,785 4,557

8. 2010 Interim Plan - Planning Framework • Maintain a balanced budget excluding unrealized investment losses and GASB 45 Liabilities. • Encourage normal mission-driven operations to maintain academic quality and limit burdensome spending restrictions, e.g. hiring and travel freezes, additional approvals on capital items. • Define strategic priorities and invest in those priorities during this uncertain financial environment; e.g. research enterprise, salary increases, new faculty and staff positions, and new programs. • Focus on identifying new sources of revenue and operating efficiencies. • Recognize that tuition revenue is paramount to the University’s long-term success. Therefore, we must be sensitive to changing market conditions. • Limit the impact of permanent budget cuts until there is greater certainty about the level of state support and other revenue sources. • Effectively manage cash and other resources needed to maintain financial stability and to deal with unforeseen events.

9. WVU Financial Plan FY2006 – FY2010

10. WVU Financial Plan Operating Revenues Dollars in Thousands

11. WVU Financial Plan Operating Revenue Highlights Nongovernmental State Dollars in Thousands Federal State Nongovernmental

12. WVU Financial Plan WVU Financial Plan Tuition Increase History

13. WVU Financial Plan Operating Expenses Dollars in Thousands

14. WVU Financial Plan Operating Expenses Highlights GASB 45 Dollars in Thousands

15. WVU Financial Plan Salary Increase History

16. WVU Financial Plan Non-Operating Revenues (Expenses) Dollars in Thousands

17. WVU Financial Plan Non-Operating Revenues (Expenses) Highlights State Appropriations Dollars in Thousands All Other Non-Operating Revenues (Expenses)

18. WVU Financial Plan FY2010 Interim Forecast Dollars in Thousands

19. WVU Financial Plan Income Before Other Activity Dollars in Thousands

20. WVU Financial Plan Increase (Decrease) in Net Assets Dollars in Thousands

21. WVU Financial Plan Increase (Decrease) in Net Assets Dollars in Thousands