For purposes of the VC Administration 2022 Annual Report, here is the financial landscape:
Capital Strategies | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
|---|---|---|---|---|
| Actual | Actual | Actual | Budget | |
| Total Revenue | 6,902 | 8,515 | 8,346 | 8,564 |
| Operating Transfers | 3,481 | 2,644 | 3,183 | (32) |
| Total Revenue & Transfers | 10,384 | 11,159 | 11,529 | 8,531 |
| Total Compensation | 8,005 | 9,215 | 9,114 | 9,444 |
| Total Non Compensation without Recharge Income | 483 | (187) | 924 | (1,465) |
| Total Expenses without Recharge Income | 8,489 | 9,028 | 10,038 | 7,979 |
| Total Recharge Income | 7,028 | 8,632 | 7,715 | 8,352 |
| Net Operating Surplus/(Deficit) | 8,923 | 10,763 | 9,206 | 8,904 |
| Changes in Fund Balance - Pos/(Neg) | (8,301) | (10,913) | (19,821) | (9,086) |
| Change in Net Assets - Pos/(Neg) | 622 | (150) | (10,615) | (182) |
| Beginning Balance | 11,351 | 11,972 | 11,822 | 1,207 |
| Ending Balance | 11,972 | 11,822 | 1,207 | 1,026 |
| Notes: | ||||
| - Source of data: Cal Reporting, POV Current Funds, Year Total, Final, and Amount in $000s. | ||||
| - 2020-21 and 2021-22 Changes in Fund Balance include divisional sweep. | ||||