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

 

 

 

 

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