Transcript Slide 1

University of South Carolina
FY2007-2008 Budget
Board of Trustees
June 28, 2007
The University of South Carolina budget
presented today is pending final action on the
Appropriations bill for the 2007-2008 fiscal year.
The state funds information contained in the
preliminary document reflect the final
Conference Committee budget and are subject
to subsequent action by the Governor.
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Tuition and Fees
Estimated Resident Undergraduate Cost per Semester
Academic Years 2006-07 to 2007-08
Academic
Year
2006-07
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
2007-08
3,038.00
275.00
0.00
105.00
68.00
146.00
40.00
32.00
3,704.00
200.00
232.00
10.00
2.00
5.00
20.00
269.00
0.00
3,270.00
275.00
10.00
105.00
70.00
151.00
40.00
52.00
3,973.00
200.00
3,904.00
269.00
4,173.00
1,640.00
85.00
1,725.00
10 Meal Plan (2)
968.00
55.00
1,023.00
Average Book Cost (3)
419.00
31.00
450.00
Total Required Tuition and Fees
Other Student Costs:
Average University Housing Cost (1)
(1)
Based on weighted average costs of traditional style housing for FY07 and FY08.
(2)
Provided by Food Services.
Estimate by the USC Financial Aid Office.
(3)
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Allocation of Undergraduate Resident Tuition
Mandated Fee Distribution
Bond & Renovation
Revenue
6.92%
Transportation Fee
0.25%
Wellness Center
2.64%
Student Activities
1.76%
Educational &
General
82.31%
Student Health
3.80%
Athletics
1.31%
Computer Fee
1.01%
2007-08 Proposed
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Required Tuition & Fees per Semester for Full-time Students
Current 2006-07 to Proposed 2007-08
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
2006-07
2007-08
DOLLAR
CHANGE
3,904
10,118
3,904
4,173
10,816
4,173
269
698
269
5,690
8,134
6,082
8,162
392
28
4,344
9,158
4,644
9,790
300
632
7,992
15,938
8,826
8,382
16,725
9,257
390
787
431
10,248
29,634
13,863
11,272
29,930
14,090
1,024
296
227
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Senior & Regional Campuses
Required Tuition & Fees per Semester for Full-time Students
Current 2006-07 to Proposed 2007-08
Campus
USC Aiken
Resident
CURRENT
2006-07
PROPOSED
2007-08
DOLLAR
CHANGE
3,335
3,503
168
Non-Resident
6,625
6,961
336
USC Beaufort
Resident
Non-Resident
2,862
3,125
263
6,378
6,956
578
USC Upstate
Resident
Non-Resident
3,609
7,328
3,880
7,876
271
548
Regional Campuses - under 75 credit hours
Resident
Non-Resident
2,326
5,614
2,434
5,890
108
276
0
0
3,533
6,991
NEW
NEW
Regional Campuses - 75 or more credit hours
Resident
Non-Resident
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Fee Distribution Changes
from FY2007 to FY2008
Summary of Distribution Changes
Columbia Campus
Transportation Fee - NEW FEE - FT - $10 per semester, PT - $1.50 per credit hour
To cover increased cost of operating shuttle bus service across campus
Student Activities - FT increase of $2 from $68 to $70 per semester to cover
SGTV - supported by Student Government; PT - $.50 per credit hour
Student Health Center - FT increase of $5 from $146 to $151 per semester as
third year of three year approved budget from FY2006
Beginning with FY2009 budget development, request will be annual
Athletics - FT increase of $20 from $32 to $52 per semester to cover increased
costs for supporting gender equity
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Summary of Distribution Changes
Aiken Campus
Student Health – FT increase to $32 per semester
to cover inflationary increases and to provide
additional 10 hours per week of health services to
students; no PT increase
Athletic Activities – FT increase to $190 per
semester; PT increase to $17 per credit hour to
cover increased cost of Athletic Scholarships in
proportion to tuition and fee increases on campus
Academic Support Services - Remove current
BMF; academic support services fee will be
eliminated; all of these services will be continued
within the E&G budget
Beaufort Campus
Campus Activities - FT increase to $82 per
semester; PT to $9 per credit hour to add
intramural and recreational activities for student
life
Athletic Activity -NEW FT rate at $50 per
semester; NEW PT rate at $4 per credit hour; to
establish athletic activities
Upstate Campus
Athletic Activities – FT increase to $442 per
semester; PT increase to $37 per credit hour to
remove reliance of "A" funds for athletic activities,
including salaries; year 2 of 2 phase-in
Lancaster Campus
Renovation Reserve - FT increase of $50
per semester to $75; NEW PT $2 per credit
hour to cover campus deferred maintenance
Athletic Activities - NEW FT $10 per
semester; NEW PT $1 per credit hour to
begin athletics program
Salkehatchie Campus
Campus Activities - FT increase to $20 per
semester; PT increase to $8 per credit hour
for additional funding for increased activities
and increased enrollments
Athletic Activities - FT increase athletics
fee to $20 per semester; PT to $6.50 per
semester to cover athletics programs
Sumter Campus
Renovation Reserve - FT increase to $33
per semester; PT increase $2.75 per credit
hour for additional funding for facilities
projects
Union Campus
No changes proposed
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Columbia Campus Budget
FY2008
USC Columbia – General “A” Funds
Summary of Budgetary Changes (FY2007 to FY2008)
Sources of Funds for Allocation
State Appropriations
NEW - RECURRING - Faculty Excellence Initiative
NEW - RECURRING - Estimated Pay Package, Health Insurance and Retirement
NEW - RECURRING - Below-the-Line Initiatives¹
NEW - NON-RECURRING - Below-the-Line Initiatives
Student Tuition and Fees
Student Tuition Increase FY 2008
General Fund
General Fund Unallocated Balance - non-recurring
Funds Available for FY 2008 Allocation
4,800,000
6,094,399
2,200,000
3,559,375
12,075,000
5,500,000
34,228,774
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USC Columbia – General “A” Funds
Summary of Budgetary Changes (FY2007 to FY2008)
Allocation of Funds
State Appropriations
Academic Programs and Services
State Portion of "A" Fund Pay Package, Health Insurance and Retirement
NEW - Below-the-Line Initiatives
4,800,000
6,094,399
5,759,375
Student Tuition Increase
Academic Programs and Services
Academic Support and Student Affairs Programs
General Institutional Costs and Central Operations
USC Share of "A" Fund Pay Package, Health Insurance and Retirement
Mandated Fee Distributions
845,740
1,345,728
3,360,048
5,073,484
1,450,000
General Fund
Non-recurring from General Fund
1,506,192
FY 2008 Allocation of Funds
Net General Fund Unallocated Carryforward Balance
30,234,966
3,993,808
¹New recurring Below-the-Line items include funding for Palmetto Poison Control, SBDC, & Technology Incubator
that were non-recurring in FY07.
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USC Columbia Campus – FY 2008
New and Continuing Recurring Funding Recommendations
Academic Programs and Services
Dean's Recruitment
University Libraries
500,000
345,740
Total Academic Programs and Services
845,740
Academic Support and Student Affairs Programs
Scholarship 4% Fee Waiver Increase - In-State Undergraduate
Student Success Center
Accessibility/Success for Students with Disabilities
Multicultural Student Affairs
Study Abroad/ Campus Internationalization Program
Fellowships and Scholarships
Judicial Programs and Academic Integrity
Total Academic Support and Student Affairs Programs
403,792
94,493
145,237
124,888
332,510
98,106
146,702
1,345,728
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USC Columbia Campus – FY 2008
New and Continuing Recurring Funding Recommendations
General Institutional Costs and Central Operations
Utility Increases
Insurance Increase
Law Enforcement and Safety - Safety Enhancements
Law Enforcement and Safety - Emergency Preparation Manager
Facilities - Salary Allocation Plan - Year Two
Facilities - Operation and Maintenance of Public Health Building
Facilities - Thomas Cooper Library - Expansion of Hours
Environmental Health and Safety - Compliance Officer
Environmental Health and Safety - Biosafety Program
Advancement - Web Presence Office
Board of Trustees - Internal Audit and Commencement Ceremony
Office of Human Resources - International Support for Faculty/Staff
Legal Office
Total General Institutional Costs and Central Operations
965,550
211,421
456,443
101,901
500,000
482,938
95,470
65,250
49,163
179,354
65,333
37,225
150,000
3,360,048
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USC Columbia Campus – FY 2008
New and Continuing Recurring Funding Recommendations
Pay Package, Health Insurance and Retirement
University Share of State 3% Salary Increase
University Share of Fringe Benefit Cost on 3% Salary Increase
University Share of Retirement and Health Insurance Increases
Total USC Share of Pay Package, Health Insurance and Retirement
1,834,037
530,894
2,708,553
5,073,484
Mandated Fee Distributions
Student Health Center
Student Activities
Athletics - Student Activity
Transportation Fee
200,000
110,000
740,000
400,000
Total Mandated Fee Distributions
1,450,000
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USC Columbia Campus – FY 2008
New and Continuing Non-Recurring Funding Recommendations
Academic Support and Student Affairs Programs
Accessibility/Success for Students with Disabilities
Multicultural Student Affairs
Study Abroad/ Campus Internationalization Program
Fellowships and Scholarships
Judicial Programs and Academic Integrity
Total Academic Support and Student Affairs Programs
34,139
10,000
40,000
12,000
20,000
116,139
General Institutional Costs and Central Operations
Utilities - Franchise Fee
Business & Finance - Computers and Minor Building Repair
Law Enforcement and Safety - Safety Enhancements
Law Enforcement and Safety - Emergency Preparation Manager
Facilities - Operation and Maintenance of Public Health Building
Environmental Health and Safety - Compliance Officer
Environmental Health and Safety - Fire Suppression Equipment
Board of Trustees - December 2007 Bicentennial Commencement
Total General Institutional Costs and Central Operations
193,053
48,000
1,000,000
77,000
12,000
10,000
40,000
10,000
1,390,053
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Source of “A” Funds
I
State Appropriated Funds
Beginning Base Recurring Appropriations
II
154,506,679
143,612,280
Estimated State Funds for Pay Package, Health Insurance and Retirement
6,094,399
NEW - Faculty Excellence Initiative
4,800,000
Special Below-the-Line Appropriations
10,260,242
Nanotechnology
1,000,000
Hydrogen Fuel Cell Research
1,000,000
Institute for Public Service and Policy Research
716,454
Small Business Development Center
686,534
Freshwater Initiative
500,000
Law Library
344,074
African-American Professors Program
178,805
School of Public Health - Epilepsy
75,000
NEW - Palmetto Poison Control Center (RECURRING)
250,000
NEW - Small Business Development Center (RECURRING)
250,000
NEW - Technology Incubator Project (RECURRING)
200,000
NEW - OneCarolina (RECURRING)
1,500,000
NEW - OneCarolina (NON-RECURRING)
1,500,000
NEW - South Carolina Lightrail (NON-RECURRING)
1,500,000
NEW - SC Institute of Archaeology and Anthropology (NON-RECURRING)
354,375
NEW - EngenuitySC - National Hydrogen Assoc Convention (NON-RECURRING)
100,000
NEW - Gibbes Green Renovation (NON-RECURRING)
105,000
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Source of “A” Funds
III
Departmental Income and Transfers
Student Tuition and Fees
Tuition Increase
Estimated Access and Equity (State Contract/Grant)
Other Departmental Revenue
Departmental Balances Carryforward
Dept Transfers from/-to Other Fund Groups (net)
IV
269,595,438
199,971,862
12,075,000
85,827
5,897,842
49,500,000
2,064,907
General Fund Income and Transfers
Student Fee Abatements
49,672,500
40,000,000
Other Revenue - General Fund
2,800,000
Transfers from/-to Other Fund Groups (net)
1,372,500
General Fund Balance Carryforward
5,500,000
Total Source of Funds
484,034,859
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Use of “A” Funds
V
Recurring Base Budgets
Department Base Budget Allocation
395,805,218
355,805,218
Student Fee Abatements:
VI
Undergraduate Abatements
24,750,000
Graduate Abatements
15,250,000
Special Below-the-Line Appropriations
10,260,242
Nanotechnology
1,000,000
Hydrogen Fuel Cell Research
1,000,000
Institute for Public Service and Policy Research
716,454
Small Business Development Center
686,534
Freshwater Initiative
500,000
Law Library
344,074
African-American Professors Program
178,805
School of Public Health - Epilepsy
75,000
NEW - Palmetto Poison Control Center (RECURRING)
250,000
NEW - Small Business Development Center (RECURRING)
250,000
NEW - Technology Incubator Project (RECURRING)
200,000
NEW - OneCarolina (RECURRING)
1,500,000
NEW - OneCarolina (NON-RECURRING)
1,500,000
NEW - South Carolina Lightrail (NON-RECURRING)
1,500,000
NEW - SC Institute of Archaeology and Anthropology (NON-RECURRING)
354,375
NEW - EngenuitySC - National Hydrogen Assoc Convention (NON-RECURRING)
100,000
NEW - Gibbes Green Renovation (NON-RECURRING)
105,000
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Use of “A” Funds
VII
Carryforward Balances Allocated
Carryforward Balances Allocated to Departments
49,500,000
49,500,000
VIII New and Continuing Funding Recommendations - Recurring
Academic Programs and Services
5,645,740
Academic Support and Student Affairs Programs
1,345,728
General Institutional Costs and Central Operations
3,360,048
Pay Package, Health Insurance and Retirement
Mandated Fee Distributions
IX
22,969,399
Non-Recurring Funding Recommendations
Total Use of Funds
Net General Fund Unallocated Carryforward Balance
11,167,883
1,450,000
1,506,912
480,041,771
3,993,088
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System Budget
FY2008
USC System
Total Current Funds Budget
FY2007
936,017,559
FY2008
996,162,789
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University of South Carolina System
Proposed Budget FY2007-08 Total Current Funds
Revenues
Tuition and Fees
35%
Sales and
Service Auxiliary
Enterprises
13%
Sales and
Service
Educational and
Other Sources
3%
State
Appropriations
23%
Grants,
Contracts, and
Gifts
26%
Expenditures
Operation and
Institutional
Maintenance of
Support
Plant
Student
10%
6%
Services
4%
Academic
Support
6%
Scholarships
and Fellowships
14%
Public Service
6%
Research
11%
Auxiliary
Enterprises
10%
Transfers
4%
Instruction
29%
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