Higher Education Services Corporation
The Enacted budget passed by the Legislature on May 1, 2003 made no changes to the State Operations portion of the Executive Budget.
The Executive Budget recommends (analysis as of February 7, 2003):
· An FTE level of 760, which represents a reduction of 15 FTEs from the Governor’s revised 3/31/03 FTE estimate of 775. This new estimate is 50 FTEs lower than last year’s Executive Budget, which estimated the 3/31/03 FTE level to be 825. The revisions occurred in the Administration program General Fund position count (-44), Administration program Special Revenue Funds-Other (+107), Guaranteed Loan Programs Special Revenue Fund-Other (-20) and the Grants and Scholarships program General Fund FTE count (-93). The Governor proposes cuts for SFY 2003-04 in the Administration program Special Revenue Funds-Other (-7) and Guaranteed Loan Programs Special Revenue Funds-Other (-8).
· A decrease in All Funds funding of $17.8 million (14.9 percent). This is result of a reduction of $18.6 million (16.4 percent) in Special Revenue Funds-Other and an increase of $808,000 in Special Revenue Funds-Federal.
· A total reduction of $2.8 million in personal services (14 percent) Special Revenue Funds-Other in the Administration program.
· A reduction of $6.7 million in nonpersonal services (25 percent) Special Revenue Funds-Other in the Administration program.
· Eliminating the $10 million Maintenance Undistributed Special Revenue Funds-Other appropriation that was intended for implementing a comprehensive student financial aid delivery system.
· Increasing by $808,000 the Federal GEAR-UP account.
· Eliminating the $568,000 in nonpersonal services General Fund appropriation from the College Choice Tuition Savings Program.
· Adding $717,400 in Special Revenue Funds-Other funding to the College Choice Tuition Savings Program. This breaks down as follows: $375,000 for personal services, $193,000 for nonpersonal services, $135,000 for fringe benefits, and $13,500 for indirect costs.
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Higher Education Services Corporation |
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Program Details-State Operations |
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Enacted |
Proposed |
Enacted |
Change in |
Percent |
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Program |
2002-03 Budget |
2003-04 Budget |
2003-04 Budget |
Appropriation |
Change |
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All Funds |
$119,300,000 |
$101,479,000 |
$101,479,000 |
($17,821,000) |
-14.9% |
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General Fund |
$0 |
$0 |
$0 |
$0 |
0.0% |
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Special Revenue-Other |
$113,768,000 |
$95,139,000 |
$95,139,000 |
($18,629,000) |
-16.4% |
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Special Revenue-Federal |
$5,532,000 |
$6,340,000 |
$6,340,000 |
$808,000 |
14.6% |
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Administration |
$63,762,000 |
$45,133,000 |
$45,133,000 |
($18,629,000) |
-29.2% |
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Personal Service |
$2,522,000 |
$2,454,000 |
$2,454,000 |
($68,000) |
-2.7% |
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Nonpersonal Service |
$3,949,000 |
$3,838,000 |
$3,838,000 |
($111,000) |
-2.8% |
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Mainenance Undistributed |
($6,471,000) |
($6,292,000) |
($6,292,000) |
$179,000 |
-2.8% |
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Special Revenue-Other (SRO) |
$63,762,000 |
$45,133,000 |
$45,133,000 |
($18,629,000) |
-29.2% |
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HESC-Insurance Premium Payments Acct - (SRO) |
$63,262,000 |
$44,633,000 |
$44,633,000 |
($18,629,000) |
-29.4% |
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Personal Service |
$16,799,000 |
$14,080,000 |
$14,080,000 |
($2,719,000) |
-16.2% |
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Nonpersonal Services |
$23,453,000 |
$16,828,000 |
$16,828,000 |
($6,625,000) |
-28.2% |
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Fringe Benefits |
$10,820,000 |
$11,900,000 |
$11,900,000 |
$1,080,000 |
10.0% |
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Indirect Costs |
$2,190,000 |
$1,825,000 |
$1,825,000 |
($365,000) |
-16.7% |
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Maintenance Undistributed |
$10,000,000 |
$0 |
$0 |
($10,000,000) |
100.0% |
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State Student Financial Aid Audit Acct - (SRO) |
$500,000 |
$500,000 |
$500,000 |
$0 |
0.0% |
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Grants & Scholarship |
$0 |
$0 |
$0 |
$0 |
0.0% |
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Personal Service |
$3,867,000 |
$3,766,000 |
$3,766,000 |
($101,000) |
-2.6% |
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Nonpersonal Service |
$971,000 |
$942,000 |
$942,000 |
($29,000) |
-3.0% |
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Mainenance Undistributed |
($4,838,000) |
($4,708,000) |
($4,708,000) |
$130,000 |
-2.7% |
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Guaranteed Loan (SRO) |
$55,538,000 |
$56,346,000 |
$56,346,000 |
$808,000 |
1.5% |
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Federal GEAR-UP Acct - (SRO) |
$5,532,000 |
$6,340,000 |
$6,340,000 |
$808,000 |
14.6% |
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HESC-Insurance Premium Payments Acct - (SRO) |
$50,006,000 |
$50,006,000 |
$50,006,000 |
$0 |
0.0% |
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Personal Service |
$19,206,000 |
$19,206,000 |
$19,206,000 |
$0 |
0.0% |
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Nonpersonal Service |
$30,800,000 |
$30,800,000 |
$30,800,000 |
$0 |
0.0% |
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College Choice Tuition Savings Pgm * |
$568,000 |
$717,400 |
$717,400 |
$149,400 |
26.3% |
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Nonpersonal Service |
$568,000 |
$0 |
$0 |
($568,000) |
100.0% |
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Special Revenue-Other (SRO) |
$0 |
$717,400 |
$717,400 |
$717,400 |
100.0% |
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College Savings Acct - (SRO) |
$0 |
$717,400 |
$717,400 |
$717,400 |
100.0% |
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Personal Service |
$0 |
$375,000 |
$375,000 |
$375,000 |
100.0% |
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Nonpersonal Services |
$0 |
$193,000 |
$193,000 |
$193,000 |
100.0% |
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Fringe Benefits |
$0 |
$135,900 |
$135,900 |
$135,900 |
100.0% |
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Indirect Costs |
$0 |
$13,500 |
$13,500 |
$13,500 |
100.0% |
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* Appears in Miscellaneous Section of Budget Books |
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