Transcript Slide 1

University of South Carolina
FY2008-2009 Preliminary Budget
Board of Trustees
Executive Committee
June 18, 2008
Internal Budget Process
2
System Budget
FY2009
4
University of South Carolina System
Proposed Total Current Funds Budget FY2008-09
Revenues
Sales and Service
Auxiliary Enterprises
12.7%
Tuition and Fees
37.1%
Sales and Service
Educational and Other
Sources
3.2%
Grants, Contracts, and
Gifts
26.1%
State Appropriations
21.0%
5
6
University of South Carolina System
Proposed Total Current Funds Budget FY2008-09
Expenditures
Institutional
Support
7.5%
Operation and
Maintenance of Plant
6.4%
Scholarships and
Fellowships
14.1%
Student
Services
6.1%
Academic
Support
6.3%
Auxiliary
Enterprises
9.2%
Public
Service
5.2%
Transfers
3.9%
Research
11.5%
Instruction
29.8%
7
FY 2009 State Funding
USC Columbia
USC School of Medicine
USC Aiken
USC Beaufort
USC Upstate
USC Lancaster
USC Salkehatchie
USC Sumter
USC Union
TOTAL BASE
REDUCTION
(4,301,711)
(614,322)
(357,141)
(317,489)
(539,609)
(79,392)
(70,319)
(126,654)
(25,752)
(6,432,389)
USC Beaufort’s reduction includes reduction of $180,240 for Penn Center Early Childhood At-Risk Family Initiative
8
USC Columbia Tuition and Fees
FY 2009
Estimated Resident Undergraduate Cost per Semester
Current 2007-08 to Proposed 2008-09
Academic
Year
2007-08
Required Tuition and Fees:
I. Total Resident Undergraduate Tuition
-Educational & General
-Bond & Renovation Revenue
-Transportation Fee
-Wellness Center
-Student Activities
-Student Health Center
-Computer Fee
-Athletics Activity
Total Resident Undergraduate Tuition
II. Technology Fee
Dollar
Change
Academic
Year
2008-09
3,270.00
275.00
10.00
105.00
70.00
151.00
40.00
52.00
3,973.00
200.00
213.00
25.00
6.00
2.00
246.00
0.00
3,483.00
300.00
10.00
105.00
76.00
153.00
40.00
52.00
4,219.00
200.00
4,173.00
246.00
4,419.00
Average University Housing Cost (1)
1,725.00
85.00
1,810.00
10 Meal Plan (2)
1,023.00
65.00
1,088.00
450.00
18.00
468.00
Total Required Tuition and Fees
Other Student Costs:
Average Book Cost
(3)
(1)
Based on weighted average costs of traditional style housing for FY08 and FY09.
(2)
Provided by Food Services.
Estimate by the USC Financial Aid Office.
(3)
10
USC Columbia Campus Operating Budget
FY2009
USC Columbia Campus – FY 2009
State Budget Cut Impact
State Budget Cut
($ 4,301,711)
Reduction in State Appropriations
$ 3,768,892
– Tuition Impact
Travel Cut
$
532,819
- Passed on to Academic & Service Units
12
USC Columbia Campus – FY 2009
Academic Programs and Services
Faculty Excellence Initiative
Global Competitiveness Initiative
University Libraries
Total
$750,000
$200,000
$369,941
$1,319,941
13
USC Columbia Campus – FY 2009
Academic Support and Student Affairs Programs
Scholarship 4% Fee Waiver Increase
$ 701,227
In-State Undergraduate
Enrollment Management
Gamecock Guarantee Operations
Student Affairs Planning & Compliance
Study Abroad Data Management
MyStudentBody.com
Total
$ 355,000
$ 100,000
$ 120,000
$ 10,000
$ 14,330
$1,300,557
14
USC Columbia Campus – FY 2009
General Institutional Costs and Central Operations
Utility Increases
Insurance Increase
Law Enforcement and Safety - Fuel Adjustment
Facilities - Fuel Adjustment
Facilities - Sustainability Coordinator
Facilities - Salary Allocation Plan - Year Three
Facilities - O&M of Strings Facility and Band Hall
Env. Health & Safety - Fire Alarm Inspection
Env. Health & Safety - Hazardous Waste Increase
Human Resources Initiatives
Total
$ 988,636
$ 166,386
$ 125,000
$ 100,000
$ 80,828
$ 500,000
$ 100,027
$ 145,980
$ 15,000
$ 24,147
$2,246,004
15
USC Columbia Campus – FY 2009
Pay Package, Health Insurance and Retirement
University Share of Pay Package
Salary
Fringe Benefits
Retirement & Health Insurance Increases
Total
$ 665,080
$ 156,853
$ 735,000
$1,556,933
16
USC Columbia Campus – FY 2009
Mandated Fee Distributions
Institutional Bond
Student Health Center
Student Activities
Total
$ 1,000,000
$ 80,000
$ 240,000
$ 1,320,000
17
USC Columbia Campus – FY 2009
Non-Recurring Funding Recommendations
Academic Support and Student Affairs Programs
Enrollment Management
Gamecock Guarantee Operations
Student Affairs Planning and Compliance
Study Abroad Data Management
MyStudentBody.com
Total
$ 66,000
$175,000
$ 4,320
$ 60,000
$ 48,680
$354,000
General Institutional Costs and Central Operations
Utilities - Franchise Fee
$72,900
Facilities O&M of Strings Facility and Band Hall $12,000
Total
$84,900
18
USC Columbia - Source of “A” Funds
I
II
State Appropriated Funds
151,211,185
Beginning Base Recurring Appropriations
154,006,828
Estimated State Funds for Pay Package
1,506,068
State Budget Cut
(4,301,711)
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
EngenuitySC
South Carolina Lightrail (NON-RECURRING)
1,500,000
100,000
1,500,000
19
USC Columbia - Source of “A” Funds
III
Departmental Income and Transfers
Student Tuition and Fees
218,555,501
Tuition Increase
11,512,327
Tuition Increase for Mandated Fee Distributions
(1,320,000)
Estimated Access and Equity (State Contract/Grant)
Other Departmental Revenue
Departmental Balances Carryforward
Dept Transfers from/-to Other Fund Groups (net)
IV
307,251,656
87,744
7,900,372
70,000,000
515,712
General Fund Income and Transfers
Student Fee Abatements
59,172,500
50,000,000
Other Revenue - General Fund
2,800,000
Transfers from/-to Other Fund Groups (net)
1,372,500
General Fund Balance Carryforward
5,000,000
Total Source of Funds
525,936,208
20
USC Columbia - Use of “A” Funds
V
Recurring Base Budgets
Department Base Budget Allocation
430,761,116
380,761,116
Student Fee Abatements:
VI
Undergraduate Abatements
33,950,000
Graduate Abatements
16,050,000
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
EngenuitySC
South Carolina Lightrail (NON-RECURRING)
1,500,000
100,000
1,500,000
21
USC Columbia - Use of “A” Funds
VII
Carryforward Balances Allocated
Carryforward Balances Allocated to Departments
70,000,000
70,000,000
VIII New and Continuing Funding Recommendations - Recurring
IX
11,874,225
Academic Programs and Services
1,319,941
Academic Support and Student Affairs Programs
1,300,557
General Institutional Costs and Central Operations
2,246,004
Pay Package, Health Insurance and Retirement
3,063,001
Internal Reallocations
3,944,722
Non-Recurring Funding Recommendations
Total Use of Funds
Net General Fund Unallocated Carryforward Balance
438,900
521,375,108
4,561,100
22
System Tuition and Fees
FY2009
Required Tuition & Fees per Semester for Full-time Students
Current 2007-08 to Proposed 2008-09
Campus
Columbia
Undergraduate
- Resident
- Non-Resident
- Non-Resident General University Scholarship
- Non-Resident Departmental Scholarship
- Non-Resident Athletic Scholarship
Graduate
- Resident
- Non-Resident
Law
- Resident
- Non-Resident
- Non-Resident Scholarship
Medical School
Resident
Non-Resident
Non-Resident Scholarship
CURRENT PROPOSED
2007-08
2008-09
DOLLAR
CHANGE
4,173
10,816
4,173
4,419
11,454
4,419
246
638
246
6,082
8,162
6,435
8,078
353
-84
4,644
9,790
4,918
10,368
274
578
8,382
16,725
9,257
8,924
17,810
9,856
542
1,085
599
11,272
29,930
14,090
12,388
30,229
15,485
1,116
299
1,395
24
Senior & Regional Campuses
Required Tuition & Fees per Semester for Full-time Students
Current 2007-08 to Proposed 2008-09
Campus
USC Aiken
Resident
CURRENT PROPOSED
2007-08
2008-09
DOLLAR
CHANGE
3,503
3,766
263
Non-Resident
6,961
7,448
487
USC Beaufort
Resident
Non-Resident
3,125
3,500
375
6,956
7,288
332
USC Upstate
Resident
Non-Resident
3,880
7,876
4,171
8,342
291
466
Regional Campuses - under 75 credit hours
Resident
Non-Resident
2,434
5,890
2,632
6,340
198
450
Regional Campuses - 75 or more credit hours
Resident
Non-Resident
3,533
6,991
3,826
7,508
293
517
25
26