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University of Toledo : University Council

University of Toledo : University Council. Higher Education Funding. Higher Education Funding. Overview of BOR Budget BOR FY13 GRF Appropriation $2.315 Billion BOR has 43 GRF line items BOR largest ALI’s SSI – $1.751 Billion (75.64%) Debt Service/Capital Component - $272.8 Million (11.78%)

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University of Toledo : University Council

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  1. University of Toledo:University Council Higher Education Funding

  2. Higher Education Funding • Overview of BOR Budget • BOR FY13 GRF Appropriation $2.315 Billion • BOR has 43 GRF line items • BOR largest ALI’s • SSI – $1.751 Billion (75.64%) • Debt Service/Capital Component - $272.8 Million (11.78%) • Financial Aid - $131.7 Million (5.69%) • OCOG - $91.4 Million • Allocated by Sector • Carry Over - $11.1 Million • Proprietary $6.0 Million Casino Funding

  3. Higher Education Funding • National Guard Scholarship - $18.1 Million • Choose Ohio First - $16.2 Million • War Orphan Scholarship - $5.4 Million • Dependents of deceased or disabled veterans of the armed services of the United States • Medical Funding - $41.9 Million (1.81%) • In addition to SSI Medical Funding - $106,202,378 • $35.6 Million Clinic Support • $6.3 Million Medical Subsidy • Primary Care • Geriatric • Family Practice

  4. Higher Education Funding • Partner Operating Subsidies - $16.7 Million (.72%) • OhioLINK - $6.1 Million • OARNet - $3.2 Million • Supercomputer - $3.4 Million • eStudent Services - $2.5 Million • Library Depositories - $1.4 Million • Other Subsidies • AWE - $15.3 Million • ABLE - $7.3 Million • Cooperative Extension – $33.1 Million • Agriculture Research - $22.2 Million • Central State/Shawnee State - $13.2 Million

  5. Higher Education Funding • BOR Operating Funds - $6.8 Million (.29%) • Operating - $2.3 Million • Articulation & Transfer - $2.0 Million • HEI – $800,000 • State Grants - $1.2 Million • Economic Growth Challenge - $440,000

  6. Higher Education Funding • FY2014/2015 Budget Process • OBM request for 90%/100% Scenario for GRF Funding • All Agencies required to submit budget request for these scenarios • SSI/Subsidy ALI’s continuation funding • Debt funding determined by OBM • Higher education treated very well In Governor’s Proposed Budget • BOR received funding requested for ALI’s

  7. Higher Education Funding • SSI • $1.784 Billion – FY14 - $33.0 Million Increase (1.9%) • $411,247,477 – Community Colleges • $1,372,968,020 – Universities • $116,181,104 – Regional Campuses • $1.818 Billion – FY15 - $34.0 Million Increase (1.9%) • $419,101,428 – Community Colleges • $1,399,124,069 – Universities • Regional Campuses Merged

  8. Higher Education Funding • Current University Distribution of SSI • 61% Course Completions - $717.0 Million/UT $62.2 Million • At-Risk Factors • EFC – less than 2,190 • Remedial students • STEM Weighting • Model weights • Range from 1.0 to 1.8798 • Statewide average cost of course by Model • 18% Degree Attainment - $245.5 Million/ UT $17.4 Million • At-Risk Factors • EFC/Remedial/Heritage/Age • No STEM Weighting • 20% Doctoral/Medical - $264.9 Million/UT $24.3 Million

  9. Higher Education Funding • Doctoral – $158.7 Million • 50%/40% - Share of FTE • 25%/30% - Share of Degrees • 12.5%/15% - Share of Research Grant Activity • 12.5%/15% - Quality Measures • Medical - $106.2 Million • Med I - $19.9 • OSU – Veterinary/Dental • Med II - $86.3 Million • FTE Basis

  10. Higher Education Funding • Current University Distribution of SSI • Access Challenge • 2009 Distribution Formula • $3.9 Million • UT $0 • Plant, Operation, Maintenance (POM) • 2009 Formula • Provided funding for those institutions that have access space • Redistributes funding from other schools • UT $786,516/Central State $1,614,392 • Stop loss • 96% • Redistributes funding from schools above stop loss • UT pays $262,680

  11. Higher Education Funding • Revised Distribution of SSI for FY14 • 30% Course Completions - $354.4 Million • At-Risk Factors • No change in STEM weighting • 50% Degree Attainment - $628.4 Million • At-Risk Factors • Added STEM weighting for degrees • STEM weight for degree matches STEM weight for courses • 20% Doctoral/Medical – $270.1 Million • Percentage based so increase with additional appropriations • Remove Quality Measures and include in FTE

  12. Higher Education Funding • Access Challenge • Kept in formula through FY15 • Removed in FY16 • UT $0 • Plant, Operation, Maintenance (POM) • Kept in formula through FY15 • Removed in FY16 • UT $809,760/Central State $1,619,668 • Stop loss • Removed Stop Loss • Three year average for all data in formula

  13. Higher Education Funding • Revised Distribution of SSI for FY15 • 30% Course Completions • At-Risk Factors student based • 50% Degree Attainment • At-Risk Factors student based • Remove separate funding for regional campuses • Regional campus students included in university performance metrics • Emphasis on graduation

  14. Higher Education Funding • Revised Distribution of SSI for FY15 • All campuses can award associate degrees • Previously only Access Challenge funding schools allowed • Stackable degrees • Foresee increased number of AA’s due to funding • Proportional degree funding • Splits degree funding based on cost of course at USO Institution • Bonus of cost of degree from outside USO to degree granting institution • Degree funding awarded to universities for out-of-state students remaining in Ohio to work or continue education

  15. Higher Education Funding • Current Regional Campus Distribution of SSI • 100% Course Completions • Access Challenge • $12.9 Million • Plant, Operations, Maintenance (POM) • 2009 Formula • Provided funding for those institutions that have access space • Redistributes funding from other schools • Stop Loss • 96% • Redistributes funding from schools above stop loss

  16. Higher Education Funding • Regional Campuses Revised Distribution of SSI – FY14 • 100% Course Completions • Access Challenge Eliminated • Funding moved to course completion • Plant, Operations, Maintenance (POM) Eliminated • Stop Loss Eliminated • Regional Campuses Revised Distribution of SSI – FY15 • Uses same formula as university main campuses

  17. Higher Education Funding • Current Community College Distribution of SSI • 90% Enrollment • 10% Success Points • Access Challenge • 2009 Distribution Formula • $54.5 Million • Stop loss • 96% • Redistributes funding from schools above stop loss

  18. Higher Education Funding • Community College Revised Distribution of SSI – FY14 • 50% Enrollment • 25% Success Points • 25% Course Completions • Access Challenge Eliminated • Funding included in performance funding • Stop loss • 97% • Redistributes funding from schools above stop loss

  19. Higher Education Funding • Community College Revised Distribution of SSI – FY15 • All funding completion based • Study to define “completion” • Courses • Associate Degrees • Certificates • Credentials • Transfers • Job Training • Stop Loss Eliminated • Study to Determine At-Risk Factors for Community College Students • Review Funding Allocations

  20. Higher Education Funding • OCOG – As Introduced Version - $87.9 Million • $41.0 Public • $41.0 Private • $5.968 Proprietary • OCOG –House Adopted Version - $89.1 Million • $41.0 Public • $41.0 Private • $7.126 Proprietary • Original FY12/13 appropriation $80.3 million GRF

  21. Higher Education Funding • Other Changes to OCOG • Reserve Account • No casino funding • Safety Officers • Maintain funding for Safety Officers Scholarships • 100% tuition coverage at public institutions • Amount to be determined at private institutions • Funding for Privates based on funding for Publics  • FY13 was $6,234.00 • Estimated at $6,618.00 for FY14

  22. Higher Education Funding • War Orphans • Increase appropriation to $5.5 million • Original FY12/13 appropriation $4.8 million • Goal to fund 100% • Choose Ohio First • Increase appropriations to $16.7 • Original FY12/13 appropriation $15.6 • Fund new cohort of students • National Guard Scholarship FY14 - $16.7 Million • Fully fund National Guard members • FY10 Expenditures – 15.1 million • FY11 Expenditure - $14.9 million • FY12 Expenditure - $14.8 million • FY13 Estimated - $16.4 million

  23. Higher Education Funding • Budget Process • House Finance Committee testimony • OCOG • Community Colleges • Pell First • Co-op Internship • Affordability • Digital Textbooks • Central State • Historical SSI • Sea Grant • Faculty Workload • College Credit Plus

  24. Higher Education Funding • Budget Process • House Education Sub-Committee testimony • OCOG • Community Colleges • Pell First • Co-op Internship • Affordability • Sea Grant • College Credit Plus

  25. Higher Education Funding • Limit of liability for private nonprofit institution for transmission of data to Regents or state agency, when data is later subject to a data breach due to • An action by the recipient agency • An action by a third party after information had left the possession of the private institution but before it was received by BOR or other agency • SSI Bridge Funding • $8.0 million for colleges and universities that receive less SSI funding in FY14 than FY13 • Residency status for state subsidy and tuition purposes • If a state institution issues a letter or utility bill for use as proof that the student is a qualified Ohio voter • Student would receive in-state tuition • Subsidy eligible

  26. Higher Education Funding • Undergraduate Tuition Guarantee Program • Guarantees a cohort of students a set rate for general and instructional fees for four years • Allows a one-time 6% tuition increase • Can request fee in excess of 6% with BOR approval • Number of credit hours to earn degree in each major • Provides protection to student if they cannot finish in four years due to various conditions • Available courses • Military • Uncontrollable circumstances

  27. Higher Education Funding • Tuition Caps • 2.0% or $188 for Universities • 2.0% or $114 for Regional Campuses • $100 for Community Colleges • Cap is based on annual tuition from previous year • SB1 • $25.0 million Workforce Development Revolving Loan Fund • BOR loan to institution • Institution loan to student • Third party loan servicing agent • Preference given to projects with business partners willing to repay loan

  28. Higher Education Funding • Capital Funding • Public-Private Partnerships • Mutually beneficial arrangement that brings faculty, researchers, students, and industry professional under one roof to work on states most pressing issues • Workforce Development • Projects viewed as necessary to meet immediate workforce needs, such as shale gas industry, were given highest priority • Interdisciplinary Approach • Internal collaboration to encourage natural synergies between traditional laboratory sciences and market-enhancing practicality of engineering • Long-term Maintenance • Projects that focus on either modernizing student learning environments or reducing on-going operating costs

  29. Higher Education Funding

  30. Higher Education Funding • Capital Funding • Public-Private Partnerships • Mutually beneficial arrangement that brings faculty, researchers, students, and industry professional under one roof to work on states most pressing issues

  31. Higher Education Funding • Capital Funding • Workforce Development • Projects viewed as necessary to meet immediate workforce needs, such as shale gas industry, were given highest priority

  32. Higher Education Funding • Capital Funding • Interdisciplinary • Modernize STEM facilities to encourage increased interdisciplinary collaboration and innovation

  33. Higher Education Funding • Capital Funding • Long-term Maintenance • Protect investment on campuses and maintain basic infrastructure

  34. Higher Education Funding

  35. Higher Education Funding • Senate Bill 6 Ratios • Ratios to analyze financial health • Viability Ratio • Expendable Net Assets/Plant Debt • Fee Pledges • BOR approval to issue debt backed by general receipts pledge • Net Income Ratio • Change in Total Net Assets/Total Revenues • Reserve Ratio • Expendable Net Assets/Operating Expenses • Weighted for Composite Score • Viability - 30% • Net Income - 20% • Primary Reserve – 50%

  36. THANK YOU

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