Texas Prepaid Higher Education Tuition Program Annual Report, 2011 Page: 94
iv, 139 p. : charts, tables ; 28 cm.View a full description of this report.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Pages from the Texas Guaranteed Tuition Plan - Actuary's Report on Program Soundness - August 31, 2011 (continued)
Expected Annual Cash Flows
Fiscal Year Benefit Payments
Ending and Expenses2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033233,305,720
237,078,594
245,493,792
232,957,279
228,208,236
220,875,050
219,111,126
221,545,357
190,804,042
174,727,165
161,740,826
119,614,314
80,526,795
45,845,601
16,715,580
2,284,492
353,751
131,261
25,203
18,616
18,319
18,027Contract
Payment
Receipts
23,869,973
17,457,842
12,549,459
10,599,399
8,844,113
7,089,792
5,412,990
3,885,752
2,485,940
1,274,503
20,347
0
0
0
0
0
0
0
0
0
0
0Annual
Cash Flow(209,435,747)
(219,620,751)
(232,944,333)
(222,357,881)
(219,364,122)
(213,785,258)
(213,698,136)
(217,659,604)
(188,318,102)
(173,452,661)
(161,720,479)
(119,614,314)
(80,526,795)
(45,845,601)
(16,715,580)
(2,284,492)
(353,751)
(131,261)
(25,203)
(18,616)
(18,319)
(18,027)Note: The amounts shown above are annual expected amounts for the year corresponding to the
"Fiscal Year Ending" column. They are not cumulative amounts. In addition, Payment Receipts
are frontloaded. Therefore, the Expected Annual Cash Flows project positive cash flows in the
early years and negative in the later years. It is expected that positive cash flows prior to Fiscal
Year Ending 2011 would be invested to cover the negative cash flows in future years.
162011 ANNUAL REPORT -Texas Prepaid Higher Education Tuition Program
94
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Texas Prepaid Higher Education Tuition Program. Texas Prepaid Higher Education Tuition Program Annual Report, 2011, report, July 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth303621/m1/100/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.