I started serving on the UNC Board of Governors in August 2013 and was placed on the Budget and Finance Committee as well as the Audit Committee. The Board oversees the UNC System and its 17 campuses and related entities.
At our first meeting we were presented with a partial budget ($2.6 billion which is the State Appropriations funding/spending, not the full $8.8 billion). I personally find it difficult to consider a budget without looking at the whole picture, financials, prior spending, impact, etc. That’s especially trying when hundreds of pages of materials are supplied just a few days before the meeting.
In my business, we compare property by property financials as well as restaurant unit metrics. I’m a product of the UNC System – Carolina for undergrad Business Admin and UNCG for MBA, so I was surprised to learn that there were no campus by campus comparison financial statements, nor a detailed consolidated financial statement.
I was able to obtain PDFs of the following financial statements: ASU, ECSU, ECU, FSU, NC A&T, NCCU, NCSU, UNC-CH, UNC-General Admin, UNCA, UNCC, UNCG, UNCP, UNCSA, UNCW, WCU, WSSU and various other entities. These are public materials, though not easily found.
Here’s a dropbox link those campus financials: https://www.dropbox.com/sh/4khqoeet1ltpp9i/NoJ2JcPIF8
Two of my company staff worked to prepare the following Detailed Consolidated and by Campus Financial Statements (with numbers per student and per staff). They had to start with the pdfs rather than spreadsheets (and hand key in the numbers), because those did not exist in the UNC System. I’ve since found out that the State Auditor’s office has worksheets with the raw numbers – so I plan to request prior years’ numbers from Auditor Wood.
Here’s a dropbox link to our completed Excel spreadsheet and cover page. I provided this to the BOG in November 2013. https://www.dropbox.com/sh/dkf253bpqhmlx1z/HiyqLqQHW5
UPDATE 2/18/14 – SPREADSHEET UPDATED TO REFLECT 2012 FULL TIME EQUIVALENT STUDENT NUMBERS – NOTE SECOND SPREADSHEET
Cover Page of the Detailed Consolidated and by Campus Financials
The Board of Governors meets every month. The next meeting of the Budget and Finance Committee is Thursday, February 20, 2014 in the Board Room of the Spangler Center in Chapel Hill at 12:45pm. The topics will include Tuition and Fees for 2014-15, Budget Priorities, Authorization of Non-Appropriated Capital Improvements, and several others. The meeting is open to the public. The whole Board meets that Thursday morning at 9:30am with several committee meetings in the same building that day – all of those meetings are open meetings. On Friday the 21st, the board meets for its formal session at 9am on SAS Campus, Building C, in Cary, NC (also open to the public). I would encourage any interested parties to attend. There is not an opportunity for the public to speak, but there are several breaks where attendees can talk with the BOG and University staff.
You can access full meeting materials through the following link (click on Meeting Materials): https://www.northcarolina.edu/bog/index.php
ADDED 2/18/14 – UNC Foundations Activity Statements and Financials
UPDATE 2/18/14 – SPREADSHEET UPDATED TO REFLECT 2012 FULL TIME EQUIVALENT STUDENT NUMBERS – NOTE SECOND SPREADSHEET – https://www.dropbox.com/sh/dkf253bpqhmlx1z/HiyqLqQHW5