University of South Carolina FY2008-2009 Preliminary Budget Board of Trustees Executive Committee...
-
date post
19-Dec-2015 -
Category
Documents
-
view
217 -
download
2
Transcript of University of South Carolina FY2008-2009 Preliminary Budget Board of Trustees Executive Committee...
University of South Carolina
FY2008-2009 Preliminary BudgetBoard of TrusteesBoard of Trustees
Executive CommitteeExecutive Committee
June 18, 2008June 18, 2008
5
University of South Carolina SystemProposed Total Current Funds Budget
FY2008-09
Grants, Contracts, and Gifts
26.1%
Tuition and Fees37.1%
State Appropriations21.0%
Sales and Service Auxiliary Enterprises
12.7%
Sales and Service Educational and Other
Sources3.2%
Revenues
7
University of South Carolina SystemProposed Total Current Funds Budget
FY2008-09
Instruction29.8%
Public Service
5.2%
Research11.5%
Academic Support
6.3%
Student Services
6.1%
Scholarships and Fellowships
14.1%
Operation and Maintenance of Plant
6.4%
Institutional Support
7.5%
Auxiliary Enterprises
9.2%
Transfers3.9%
Expenditures
8
FY 2009 State Funding
USC Beaufort’s reduction includes reduction of $180,240 for Penn Center Early Childhood At-Risk Family Initiative
TOTAL BASE REDUCTION
USC Columbia (4,301,711)USC School of Medicine (614,322)USC Aiken (357,141)USC Beaufort (317,489)USC Upstate (539,609)USC Lancaster (79,392)USC Salkehatchie (70,319)USC Sumter (126,654)USC Union (25,752)
(6,432,389)
10
Estimated Resident Undergraduate Cost per Semester
Current 2007-08 to Proposed 2008-09Academic Academic
Year Dollar Year2007-08 Change 2008-09
I. Total Resident Undergraduate Tuition
-Educational & General 3,270.00 213.00 3,483.00
-Bond & Renovation Revenue 275.00 25.00 300.00
-Transportation Fee 10.00 - 10.00
-Wellness Center 105.00 - 105.00
-Student Activities 70.00 6.00 76.00
-Student Health Center 151.00 2.00 153.00
-Computer Fee 40.00 - 40.00-Athletics Activity 52.00 - 52.00
Total Resident Undergraduate Tuition 3,973.00 246.00 4,219.00II. Technology Fee 200.00 0.00 200.00
Total Required Tuition and Fees 4,173.00 246.00 4,419.00
Average University Housing Cost (1)1,725.00 85.00 1,810.00
10 Meal Plan (2)1,023.00 65.00 1,088.00
Average Book Cost (3)450.00 18.00 468.00
(1) Based on weighted average costs of traditional style housing for FY08 and FY09.(2) Provided by Food Services.(3) Estimate by the USC Financial Aid Office.
Other Student Costs:
Required Tuition and Fees:
12
USC Columbia Campus – FY 2009State Budget Cut Impact
State Budget Cut ($ 4,301,711)
Reduction in State Appropriations $ 3,768,892– Tuition Impact
Travel Cut $ 532,819- Passed on to Academic & Service Units
13
USC Columbia Campus – FY 2009 Academic Programs and Services
Faculty Excellence Initiative $750,000Global Competitiveness Initiative
$200,000University Libraries
$369,941Total $1,319,941
14
USC Columbia Campus – FY 2009 Academic Support and Student Affairs
Programs
Scholarship 4% Fee Waiver Increase $ 701,227 In-State Undergraduate
Enrollment Management $ 355,000Gamecock Guarantee Operations $ 100,000Student Affairs Planning & Compliance $ 120,000Study Abroad Data Management $ 10,000MyStudentBody.com $ 14,330Total $1,300,557
15
USC Columbia Campus – FY 2009 General Institutional Costs and Central
Operations
Utility Increases $ 988,636Insurance Increase $
166,386Law Enforcement and Safety - Fuel Adjustment $
125,000Facilities - Fuel Adjustment $
100,000Facilities - Sustainability Coordinator $ 80,828Facilities - Salary Allocation Plan - Year Three $
500,000Facilities - O&M of Strings Facility and Band Hall $
100,027 Env. Health & Safety - Fire Alarm Inspection $ 145,980Env. Health & Safety - Hazardous Waste Increase $
15,000Human Resources Initiatives $
24,147Total $2,246,004
16
USC Columbia Campus – FY 2009 Pay Package, Health Insurance and
Retirement
University Share of Pay PackageSalary $ 665,080Fringe Benefits $ 156,853
Retirement & Health Insurance Increases $ 735,000
Total $1,556,933
17
USC Columbia Campus – FY 2009 Mandated Fee Distributions
Institutional Bond $ 1,000,000Student Health Center $ 80,000Student Activities $ 240,000Total $ 1,320,000
18
USC Columbia Campus – FY 2009Non-Recurring Funding
Recommendations
Enrollment Management $ 66,000Gamecock Guarantee Operations $175,000Student Affairs Planning and Compliance $ 4,320Study Abroad Data Management $ 60,000MyStudentBody.com $ 48,680Total $354,000
Utilities - Franchise Fee $72,900Facilities O&M of Strings Facility and Band Hall
$12,000Total $84,900
Academic Support and Student Affairs Programs
General Institutional Costs and Central Operations
19
USC Columbia - Source of “A” Funds
I State Appropriated Funds 151,211,185
154,006,828
1,506,068
(4,301,711)
II Special Below-the-Line Appropriations 8,300,867 Nanotechnology 1,000,000
Hydrogen Fuel Cell Research 1,000,000
Institute for Public Service and Policy Research 716,454
Small Business Development Center 936,534
Freshwater Initiative 500,000
Law Library 344,074
African-American Professors Program 178,805
School of Public Health - Epilepsy 75,000
Palmetto Poison Control Center 250,000
Technology Incubator Project 200,000
OneCarolina 1,500,000
EngenuitySC 100,000
South Carolina Lightrail (NON-RECURRING) 1,500,000
Beginning Base Recurring Appropriations
Estimated State Funds for Pay Package
State Budget Cut
20
USC Columbia - Source of “A” Funds
III Departmental Income and Transfers 307,251,656
218,555,501
11,512,327
Tuition Increase for Mandated Fee Distributions (1,320,000)
87,744
7,900,372
70,000,000
515,712
IV General Fund Income and Transfers 59,172,500
50,000,000
2,800,000
1,372,500
5,000,000
Total Source of Funds 525,936,208
Student Fee Abatements
Other Revenue - General Fund
Transfers from/-to Other Fund Groups (net)
General Fund Balance Carryforward
Estimated Access and Equity (State Contract/Grant)
Other Departmental Revenue
Departmental Balances Carryforward
Dept Transfers from/-to Other Fund Groups (net)
Student Tuition and Fees
Tuition Increase
21
USC Columbia - Use of “A” Funds
V Recurring Base Budgets 430,761,116
380,761,116
Undergraduate Abatements 33,950,000
Graduate Abatements 16,050,000
VI Special Below-the-Line Appropriations 8,300,867Nanotechnology 1,000,000
Hydrogen Fuel Cell Research 1,000,000
Institute for Public Service and Policy Research 716,454
Small Business Development Center 936,534
Freshwater Initiative 500,000
Law Library 344,074
African-American Professors Program 178,805
School of Public Health - Epilepsy 75,000
Palmetto Poison Control Center 250,000
Technology Incubator Project 200,000
OneCarolina 1,500,000
EngenuitySC 100,000
South Carolina Lightrail (NON-RECURRING) 1,500,000
Department Base Budget Allocation
Student Fee Abatements:
22
USC Columbia - Use of “A” Funds
VII Carryforward Balances Allocated 70,000,000
70,000,000
VIII New and Continuing Funding Recommendations - Recurring 11,874,225
1,319,941
1,300,557
2,246,004
3,063,001
3,944,722
IX Non-Recurring Funding Recommendations 438,900
Total Use of Funds 521,375,108
Net General Fund Unallocated Carryforward Balance 4,561,100
Carryforward Balances Allocated to Departments
Academic Programs and Services
Academic Support and Student Affairs Programs
General Institutional Costs and Central Operations
Pay Package, Health Insurance and Retirement
Internal Reallocations
24
Columbia
Undergraduate - Resident 4,173 4,419 246 - Non-Resident 10,816 11,454 638 - Non-Resident General University Scholarship 4,173 4,419 246
- Non-Resident Departmental Scholarship 6,082 6,435 353 - Non-Resident Athletic Scholarship 8,162 8,078 -84
Graduate - Resident 4,644 4,918 274 - Non-Resident 9,790 10,368 578Law - Resident 8,382 8,924 542 - Non-Resident 16,725 17,810 1,085 - Non-Resident Scholarship 9,257 9,856 599
Medical School
Resident 11,272 12,388 1,116Non-Resident 29,930 30,229 299Non-Resident Scholarship 14,090 15,485 1,395
Campus CURRENT 2007-08
PROPOSED 2008-09
DOLLAR CHANGE
Required Tuition & Fees per Semester for Full-time Students
Current 2007-08 to Proposed 2008-09
25
Senior & Regional CampusesRequired Tuition & Fees per Semester for Full-time Students
Current 2007-08 to Proposed 2008-09
USC Aiken
Resident 3,503 3,766 263
Non-Resident 6,961 7,448 487
USC Beaufort
Resident 3,125 3,500 375
Non-Resident 6,956 7,288 332
USC Upstate
Resident 3,880 4,171 291Non-Resident 7,876 8,342 466
Regional Campuses - under 75 credit hours
Resident 2,434 2,632 198Non-Resident 5,890 6,340 450
Regional Campuses - 75 or more credit hours
Resident 3,533 3,826 293Non-Resident 6,991 7,508 517
DOLLAR CHANGE
Campus CURRENT 2007-08
PROPOSED 2008-09