| FISCAL YEAR 2008 State M&O Budget |
by Approved Allocation Methodology
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Amt of chng |
Percent |
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FY-2005 |
FY-2006 |
FY-2007 |
FY-2008 |
Notes |
07 vs 08 |
Change |
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| Distribution per VCCS/NVCC Allocation |
$124,941,261 |
$137,564,585 |
$155,376,664 |
$169,015,941 |
(1) |
13,639,277
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8.78% |
| less appropriation/Library Books (Step 1) |
(953,961) |
(953,961) |
(953,961) |
(1,153,961) |
(2) |
(200,000) |
20.97% |
| less appropriation/Work Study (Step 1) |
(627,840) |
(752,456) |
(752,456) |
(535,086) |
(3) |
217,370 |
-28.89% |
| less appropriation/Student Assessment (Step
1) |
(138,075) |
(138,075) |
(138,075) |
(138,075) |
(4) |
0 |
0.00% |
| less appropriation/Technology Fee (Step 1) |
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(2,307,407) |
(2,582,951) |
(5) |
(275,544) |
11.94% |
| less Community Education/WD (Step 1) |
(9,771,001) |
(8,810,280) |
(9,031,439) |
(10,500,000) |
(5) |
(1,468,561) |
16.26% |
| Adjusted Target |
$113,450,384 |
$126,909,813 |
$142,193,326
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$154,105,868
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11,912,542
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8.38% |
| Less: |
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| FT Teaching Faculty pos (Actual, Step 2) |
26,325,647 |
28,360,041 |
30,328,931 |
33,721,299 |
(6) |
3,392,368
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11.19% |
| FT Administrative Faculty pos (Actual, Step
2) |
9,893,298 |
11,295,591 |
11,518,028 |
12,431,367 |
(7) |
913,339
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7.93% |
| Classified Staff positions (Actual, Step 2) |
21,964,653 |
24,212,324 |
26,670,174 |
30,315,570 |
(8) |
3,645,396
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13.67% |
| PT Teaching Faculty (Sum. Session, Step 3) |
6,029,988 |
6,544,004 |
6,915,803 |
7,891,560 |
(9) |
975,757 |
14.11% |
| PT Teaching Faculty (Reg. Session, Step 3) |
10,249,366 |
11,264,813 |
11,384,573 |
13,690,626 |
(10) |
2,306,053 |
20.26% |
| Faculty/Staff Fringe Benefits (Step 4) |
18,203,005 |
20,203,422 |
21,612,534 |
26,288,875 |
(11) |
4,676,342
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21.64% |
| Fixed Costs - Utilities/Overhead (Step 5) |
3,628,000 |
4,027,080 |
4,711,684 |
5,021,191 |
(12) |
309,507 |
6.57% |
| Fixed Costs - Central Funded (Step 6) |
6,960,793 |
7,778,441 |
10,011,794 |
13,031,434 |
(13) |
3,019,640
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30.16% |
| Community Education O/H (Step 7) |
(2,751,300) |
(2,463,084) |
(2,529,432) |
(2,970,000) |
(14) |
(440,568) |
17.42% |
| Special Assistance - Hearing Impaired (Step
8) |
413,740 |
438,564 |
650,000 |
720,500 |
(15) |
70,500 |
10.85% |
| HR Professional Development (Step 9) |
188,000 |
188,000 |
188,000 |
438,000 |
(16) |
250,000 |
132.98% |
| Reserve - Unrealized CE Revenue (Step 10) |
500,000 |
250,000 |
400,000 |
500,000 |
(17) |
100,000 |
25.00% |
| Reserve - Major Repairs/Ins Deductible
(Step 11) |
200,000 |
250,000 |
250,000 |
250,000 |
(18) |
0 |
0.00% |
| Reserve - FTES under enrollment (Step 12) |
300,000 |
3,017,985 |
1,504,620 |
2,574,250 |
(19) |
1,069,630 |
71.09% |
| Subtotal |
$102,105,190 |
$115,367,181 |
$123,616,709
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$143,904,672
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20,287,963
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16.41% |
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| Medical Education Campus support (13) |
3,835,672 |
2,300,000 |
2,542,716 |
0 |
(20) |
(2,542,716) |
-100.00% |
| Admin Council Special Allocation (14) |
1,321,210 |
2,331,944 |
7,036,213
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2,403,508 |
(21) |
(4,632,705) |
-65.84% |
| President's Innovation projects (15) |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
(22) |
0 |
0.00% |
| Special adjustments (16) |
222,500 |
200,000 |
0 |
0 |
(23) |
0 |
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| Discretionary Allocation
Amount (Step 17) |
$4,965,812 |
$5,710,688 |
$7,997,688 |
$6,797,688 |
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(1,199,999) |
-15.00% |
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| (Rev 6/15/07 BLP) |
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