Characteristics of UVSC's
General Operating Budget
2002-03

• UVSC students pay the highest proportion of their instructional costs (47.27% compared to USHE average 32.6%).
• State tax revenue for UVSC is the lowest proportion compared to all USHE institutuions--"state-assisted institution" (52.08% compared to USHE average 66.66%).
• Personal Services expenses (salaries, hourly, benefits) account for over 86.5 percent of UVSC's budget.
• The only segment of the budget which has received inflationary adjustments during the past 14+ years is personal services.
• Currently, the Legislature uses a "base-plus" model combined with system initiatives for funding budget increases. Traditional initiatives included library, equipment, technology, engineering, enrollment growth, mandated costs, etc.
• UVSC's 2002-03 beginning tax fund budget is $1.2 million less than UVSC's 2001-02 beginning tax funds budget. This reduction is due to a $2.1 million budget reduction, a $1 million reduction of tax funds as a result of HB 331 (residency requirements), and an increase in tax funds for enrollment growth and compensation. As a result, UVSC is funded to serve an additional 890 FTE students with $1.2 million less state tax funds.
• Due to the short lag in enrollment growth funding combined with the 2002 funding of only 42% of the growth, UVSC is projected to serve 2,684 FTE students during 02-03 for which no state tax funds have been provided. These 2,684 FTE represent 15.7% of UVSC's total FTE.