Overview
Each year the UMS Finance team performs a multi-year projection that estimates enrollment, tuition, sees, appropriation, compensation, benefits, capital expenses and non-compensation expenses to calculate the difference between revenues and expenses for future years. The formula is total revenues minus expenses. Where a negative value is a gap and a positive value is a surplus. The prediction indicates more expenses will be needed than revenues generated over the next five year period (i.e., the gap will become larger).
Values
Note: UMS goal is zero for all years.
| Year | Projected Structural Gap |
|---|---|
| 2019 | -$4,137,826 |
| 2020 | -$710,8772 |
| 2021 | -$10,969,624 |
| 2022 | -$12,173,815 |
| 2023 | -$13,866,919 |
Presentation
This line graph shows Projected Structural Gap and UMS goal from 2019 through 2023, with the dollar amount presented on the Y-axis and the years on the X-axis.