Budget June 2010 Fiscal year 2010/11 figures
Unrestricted Funds Resources and Uses
Resources | General | Other | Total Unrestricted | Tuition and Fees
| 4,758,000
| 495,000
| 5,253,000 | State Appropriations
| 2,418,440
| | 2,418,440 | Grants and Contracts
| 226,615
| 67,671
| 294,286
| Sales & service of education and other | 37,385 | 114,702 | 152,087
| Sales & service of auxiliary enterprise
| |
695,000
| 695,000
| Total Current Unrestricted Revenue
| 7,440,440 | 1,372,373 | 8,812,813 | | | Net Transfers
| | (42,000)
| (42,000)
| Beginning Fund Balance
| 543,364
| 890,718 | 1,434,082
| Total Transfers and Fund
Balances
| 543,364 | 848,718 | 1,392,082 | | | Total Resources
| 7,983,804 | 2,221,091 | 10,204,895 |
Uses | General | Other | Total Unrestricted | Instruction
| 4,392,407 | 49,827 | 4,442,234 | Research
| 9,500
| 5,365 | 14,865 | Public Service
| 600 | 560 | 1,160 | Academic Support
| 723,700 | 165,000 | 888,700 | Student Services | 859,817 | 250,000 | 1,109,817 | Institutional Support | 1,044,485 | 0 | 1,044,485 | Operation & maintenance of plant | 736,695 | 34,000
| 770,695 | Scholarships and fellowship | 120,000 | 8,000
| 128,000 | Auxiliary expenses | | 650,000 | 650,000 | Total Uses
| 7,887,204 | 1,162,752 | 9,049,956 | | | Projected Ending Fund Balance
| 96,600 | 1,058,339 | 1,154,939 |
Budget and Accounting Terms
(From the "Glossary of Budget and Accounting Terms," Appendix 1, USC Budget Document Fiscal Year 1999, edited for local application where necessary)
Unrestricted Funds - Current Funds derived from State Appropriations, Student Fees, Institutional Revenue, and Auxiliary Operations that are not restricted for specific purposes; unrestricted funds categorized as follows: (return to the top)
General - In this table, "General" refers to the operating budget. The revenue is derived primarily from state appropriations and tuition and fees. Some revenue is also generated from miscellaneous sources (i.e., library fines, parking fees). The expenses are those that directly provide courses and services to students as listed in the above table.
Other - Departmental funds for activities such as Continuing Education, technology support as collected from fees, and student support funds not part of the operating budget
Tuition and Fees - revenues collected from students for registration for regular courses
State Appropriations - legislative appropriations from the State of South Carolina General Fund for current operations of the University
Sales and Service of Education and Other - revenue from sales and services such as parking permits, library fines, rents for use of facilities and other miscellaneous sources
Transfers - voluntary or legally required transfers between funds
Instruction - credit and non-credit courses for academic, occupational, technical, and vocational instruction for all semesters, and for continuing education
Research - costs associated with activities specifically organized to produce research outcomes, commissioned either by external entities or through a separate budget process of an organizational unit within the institution
Public Service - funds expended for activities that are primarily established to provide non-instructional services beneficial to individuals and groups external to the institution
Academic Support - support for the University's primary mission of instruction, research and public service, to include libraries, computing support, academic advisement, and academic administration
Student Services - funds expended for Admissions and Recruitment, Records and Registration, Financial Aid, Student Life, and other services for the benefit of students
Institutional Support - costs associated with fiscal operations, executive management, personnel services, administrative computing, marketing, and security
Operations and Maintenance of Plant - funds expended for physical plant administration, building and grounds maintenance, utilities, landscape and grounds maintenance, and major repairs and renovations
Scholarships and Fellowships - expenditures for scholarships and fellowships in the form of outright grants to students selected by the institution and financed in the form of current funds, both restricted and unrestricted
Auxiliary Enterprises - expenditures associated with the self-supporting activities of the Bookstore and food services
|
