Transcript adminfin.sc.edu

University of South Carolina
FY2006-2007 Budget
Board of Trustees
June 29, 2006
Tuition and Fees
Estimated Resident Undergraduate Cost per Semester
Academic Years 2005-06 to 2006-07
Academic
Year
2005-06
Dollar
Change
Academic
Year
2006-07
%
Change
6.75%
Mandatory Fees:
I. Total Resident Undergraduate Tuition
-Educational & General
-Bond & Renovation Revenue
-Wellness Center
-Student Activities
-Student Health
-Computer Fee
-Athletics
II. Technology Fee
Total Mandatory Fees
Other Student Costs:
3,457.00
2,865.00
225.00
105.00
66.00
140.00
40.00
16.00
200.00
3,657.00
247.00
173.00
50.00
16.00
0.00
247.00
3,704.00
3,038.00
275.00
105.00
68.00
146.00
40.00
32.00
200.00
3,904.00
Average University Housing Cost (1)
1,482.00
158.00
1,640.00
946.00
22.00
968.00
392.00
27.00
419.00
10 Meal Plan (2)
Average Book Cost
(3)
2.00
6.00
(1)
Based on weighted average costs of traditional style housing for FY06 and FY07.
(2)
Provided by Food Services.
Estimate by the USC Financial Aid Office.
(3)
3
General Academic Fees per Semester
for Full-time Students
Current 2005-06 to Proposed 2006-07
CAMPUS
Columbia
Undergraduate
- Resident
- Non-Resident
- Non-Resident General University Scholarship
- Non-Resident Departmental Scholarship
- Non-Resident Athletics Scholarship
Graduate
- Resident
- Non-Resident
Law
- Resident
- Non-Resident
- Non-Resident Scholarship
Technology Fee
Medical School
Resident
Non-Resident
Non-Resident Scholarship
CURRENT
2005-06
PROPOSED
2006-07
DOLLAR
CHANGE
3,457
9,278
3,457
3,704
9,918
3,704
247
640
247
5,130
9,278
5,490
7,934
360
-1,344
3,869
8,378
4,144
8,958
275
580
7,412
14,980
8,207
200
7,792
15,738
8,626
200
380
758
419
0
9,760
28,223
13,203
10,248
29,634
13,863
488
1,411
660
4
Senior & Regional Campuses
General Academic Fees per Semester for Full-time Students
Current 2005-06 to Proposed 2006-07
CAMPUS
USC Aiken
Resident
CURRENT
2005-06
PROPOSED
2006-07
DOLLAR
CHANGE
2,964
3,235
271
6,035
100
6,525
100
490
0
2,477
2,712
235
Non-Resident
Technology Fee
5,935
130
6,228
150
293
20
USC Upstate
Resident
Non-Resident
Technology Fee
3,218
6,637
100
3,479
7,198
130
261
561
30
Regional Campuses
Resident
Non-Resident
Technology Fee
2,032
5,062
130
2,196
5,484
130
164
422
0
Non-Resident
Technology Fee
USC Beaufort
Resident
5
State Funding
FY2007
Faculty Excellence Initiative - $4,000,000
The Faculty Excellence Initiative (FEI) targets recruitment of new tenure and tenuretrack faculty in disciplines and programs that represent strategic initiatives designed to
advance the national profile of the University of South Carolina.
USC will hire an additional 150 new tenured and tenure-track faculty by the year 2010
and replace additional faculty retirees.
Hiring replacements for retiring faculty results in a net cost above the salary savings
resulting from departure, and the cost is substantial even when assistant professors are
hired to replace full and associate professors.
Academic units submit competitive proposals to the Provost for the funds. Faculty hired
under the program have outstanding records and potential, and they are from a variety
of academic disciplines. This includes the sciences, arts, medicine, and professional
schools.
The enrollment at USC Columbia has increased substantially in the last four years with
an 18% growth since Fall 2001.
Recurring Funds - New Faculty Salaries - $3,200,000, New Faculty Fringe - $ 800,000
7
Congaree River – Freshwater
Environmental Initiative - $2,000,000
In cooperation with private donations and with the City of Columbia, USC
seeks to develop research projects involving the Congaree River, a natural
setting for research and education in environmental biology/microbiology,
health and toxicology, hydrology, chemical ecology and environmental
engineering.
The projects envision research and education initiatives related to:
(1) effects of human activity such as construction of dikes, levees, and revetments on aquatic life
systems
(2) effects of flood control systems on aquatic life and the biological environment in the
surrounding terrain
(3) the functional composition of invertebrate and vertebrate communities at various points in the
river
(4) investigation of seasonal fluctuations of phosphorous and nitrogen levels
This research will provide for K-12 research collaborations as well as
undergraduate and graduate research opportunities.
Recurring Funds - $500,000
Non-recurring Funds - $1,500,000
8
Senior & Regional Campuses
Mission Resource Requirement (MRR) Parity
Non-recurring
USC Aiken - $599,237
USC Beaufort - $502,175
USC Upstate - $1,877,675
USC Lancaster - $650,000
USC Salkehatchie -$100,000
USC Sumter - $51,269
USC Union - $16,206
USC Lancaster will receive an additional $200,000 for facilities
repairs and $100,000 for tennis court repaving
9
Columbia Campus Budget
FY2007
USC Columbia Campus – FY 2007
New and Continuing Funding Recommendations
Academic Programs and Services
Faculty Excellence Initiative (Year 3 of 6)
University Libraries
2,000,000
814,313
Total Academic Programs
2,814,313
Other Academic and Student Services Programs
Scholarship 4% Fee Waiver Increase - In-State Undergraduate
Academic Success Center
Visitor's Center - Financial Aid
Total Other Academic and Student Services Programs
910,522
589,779
104,044
1,604,345
11
USC Columbia Campus – FY 2007
New and Continuing Funding Recommendations
General Institutional Costs
OneCarolina Project
Utility Increases
Insurance Increase
USC Share of State 3% Salary Increase
USC Share of Fringe Benefit Cost on 3% Salary Increase
Cost of .5% Retirement Increase
Total General Institutional Costs
1,648,000
3,100,218
246,568
1,864,124
510,534
853,923
8,223,367
Central Operations and General Support Programs
Law Enforcement and Safety Initiative
Facilities Salary Allocation Plan
Business and Finance
Environmental Health and Safety
Office of Human Resources
Legal Office
83,142
500,000
266,858
9,625
68,027
100,000
Total Central Operations and General Support Programs
1,027,652
Mandated Fee Distributions
Debt Service - Research Projects
Student Health Center
Student Activities
Athletics - Student Activity
Athletics - Debt Service
1,890,000
252,000
80,000
600,000
525,000
Total Mandated Fee Distributions
3,347,000
12