Financial Overview of Fermilab - Insights from Fiscal Year 2015
Fermilab, operated by Fermi Research Alliance LLC, receives over 99% of its funding from the Federal Government, mainly through the Office of High Energy Physics. The FY2015 financial results show total revenue of $382,272,583 with expenses covering various categories like salaries, subcontracts, and materials. The net revenue for that year was breakeven, indicating a balanced financial performance.
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Financial Overview of Fermilab Cindy Conger, Chief Financial Officer Community Advisory Board 3 December 2015
Fermilab Business information Fermi Research Alliance LLC holds the contract with DOE to run Fermilab Fermilab is a place, not a legal entity. FRA does business as Fermilab. The US government (DOE) owns the facility and is represented by the Fermi Site Office headed by Mike Weis. FRA is known as a Management & Operating (M&O) Contractor Employees work for FRA, not the federal government. FRA is a 501(c)(3) non-profit organization. Fermilab s fiscal year is the same as the federal government s October 1stto September 30th. 2 C. Conger | Community Advisory Board 12/3/2015
DOE Contract DE-AC02-07CH11359 # of Requirements Clauses Management Area Between Fermi Research Alliance LLC and DOE ES&H Governance Procurement Finance Legal Human Resources Property Engineering Planning & Performance Information Management Quality Science Security Stakeholder Relations & Communications Partnerships Projects Total Contract Clauses 108 72 54 47 43 40 39 29 18 16 14 12 Effective January 1, 2007 Modified 168 times since then 540 pages long 9 7 6 3 517 3 C. Conger | Community Advisory Board 12/3/2015
Fermilab Funding > 99% from Federal Government Nearly 95% from the Office of High Energy Physics (OHEP) within the DOE s Office of Science. Remaining funding comes from other DOE programs, other labs, and external customers FY2016 President s Budget Request: DOE $29.9B Office of Science $5.3B Office of High Energy Physics $788M Fermilab $374M Fermilab funding comes in ~60 different buckets representing particular mission-related programs (e.g. Facilities Operations, Cosmic Frontier Research) 4 C. Conger | Community Advisory Board 12/3/2015
Example Work Authorization/Approved Financial Plan 5 C. Conger | Community Advisory Board 12/3/2015
FY2015 Financial Results DOE Contract Fermilab FY2015 FY2014 Unaudited Revenue: Government contract $ 382,272,583 368,854,586 Total revenue 382,272,583 368,854,586 Expenses: Salaries, wages and related costs Subcontracts and purchased services Materials and supplies Electric power Travel, relocation, and other employee allowances 8,769,821 Inventory usage Cost of property, plant, and equipment 187,516,215 78,588,676 29,304,342 13,798,188 185,081,108 90,634,315 23,244,438 12,612,444 7,921,703 2,984,026 46,376,552 3,206,320 61,089,021 Total expenses 382,272,583 368,854,586 Net revenue in excess of expenses $ 0 0 6 C. Conger | Community Advisory Board 12/3/2015
Questions? 7 C. Conger | Community Advisory Board 12/3/2015
