Higher Education Services Corporation
The enacted budget makes no changes to the State Operations portion of the Executive Budget.
The Executive Budget recommends (analysis as of January 25, 2006):
· A FTE level of 700 which represents no change from the Governor’s adjusted 3/31/06 FTE estimate. A reduction of 25 FTEs occurred in SFY 2005-06, including: 12 FTEs less in the Administration program Special Revenue Funds – Other; and 13 FTEs less in the Guaranteed Loan Programs Special Revenue Fund.
· An increase in All Funds of $7.1 million (6.9 percent). The increases include an increase of $2.1 million in Special-Revenue Funds-Other; of which, the HESC Insurance Premium Payments Account increased by $1.4 million. According to the Assembly’s 2006 Yellow Book, the increases are due to increases in Collective Bargaining and inflation in nonpersonal service costs.
· A net increase of $775,000 in the Administration Program, including $528,000 increase (25.6 percent) in Personal Service funding, $843,000 increase (25.5 percent) in Nonpersonal Service funding, and an increase of $775,000 (1.5 percent) in Special Revenue-Other funding. The offset in the Maintenance Undistributed appropriation increases by $1.4 million.
· An increase in Personal Service appropriations in the Grants & Scholarships Program by $808,000 (25.5 percent), and an increase in Nonpersonal Service appropriations by $209,000 (25.7 percent). The offset in the Maintenance Undistributed appropriation increases by $1 million.
· An increase in the Guaranteed Loan Program of $1.37 million (2.6 percent). This increase is reflective of the $1.37 million increase in the Insurance Premium Payments Account, which is divided almost equally between Personal Service and Nonpersonal Service funding within that account.
· The accompanying language bill (Article VII) imposes new restrictions on students applying for and receiving TAP awards.
· Article VII language proposes the establishment of a Tuition Reimbursement Program for Math and Science Teachers.
Program Details-State Operations
Enacted
Proposed
Enacted
Change in
Percent
Program
2005-06 Budget
2006-07 Budget
2006-07 Budget
Appropriation
Change
All Funds
$103,307,000
$110,455,000
$110,455,000
$7,148,000
6.9%
Special Revenue-Federal
$5,000,000
$5,000,000
$5,000,000
$0
0.0%
Special Revenue-Other
$103,307,000
$105,455,000
$105,455,000
$2,148,000
2.1%
0.0%
Administration
$50,676,000
$51,451,000
$51,451,000
$775,000
Personal Service
$2,066,000
$2,594,000
$2,594,000
$528,000
25.6%
Nonpersonal Service
$3,300,000
$4,143,000
$4,143,000
$843,000
25.5%
Mainenance Undistributed
($5,366,000)
($6,737,000)
($6,737,000)
($1,371,000)
25.5%
Special Revenue-Other (SRO)
$50,676,000
$51,451,000
$51,451,000
$775,000
1.5%
0.0%
HESC-Insurance Premium Payments Acct - (SRO)
$50,176,000
$50,951,000
$50,951,000
$775,000
Personal Service
$15,304,000
$15,763,000
$15,763,000
$459,000
3.0%
Nonpersonal Services
$17,350,000
$17,733,000
$17,733,000
$383,000
2.2%
Fringe Benefits
$16,295,000
$16,151,000
$16,151,000
($144,000)
-0.9%
Indirect Costs
$1,227,000
$1,304,000
$1,304,000
$77,000
6.3%
0.0%
State Student Financial Aid Audit Acct - (SRO)
$500,000
$500,000
$500,000
$0
0.0%
Grants & Scholarship
$0
$0
$0
$0
0.0%
Personal Service
$3,170,000
$3,978,000
$3,978,000
$808,000
Nonpersonal Service
$812,000
$1,021,000
$1,021,000
$209,000
25.7%
Mainenance Undistributed
($3,982,000)
($4,999,000)
($4,999,000)
($1,017,000)
25.5%
0.0%
Guaranteed Loan
$57,631,000
$59,004,000
$59,004,000
$1,373,000
2.4%
Federal GEAR-UP Acct - (SRF)
$5,000,000
$5,000,000
$5,000,000
$0
0.0%
HESC-Insurance Premium Payments Acct - (SRO)
$52,631,000
$54,004,000
$54,004,000
$1,373,000
2.6%
Personal Service
$20,876,000
$21,502,000
$21,502,000
$626,000
Nonpersonal Service
$31,755,000
$32,502,000
$32,502,000
$747,000
2.4%
0.0%
College Choice Tuition Savings Pgm * (p. 498)
$734,000
$780,000
$780,000
$46,000
6.3%
Special Revenue-Other (SRO)
$734,000
$780,000
$780,000
$46,000
6.3%
College Savings Acct - (SRO)
$734,000
$780,000
$780,000
0.0%
Personal Service
$386,000
$397,000
$397,000
$11,000
100.0%
Nonpersonal Services
$160,000
$190,000
$190,000
$30,000
18.8%
Fringe Benefits
$175,000
$179,000
$179,000
$4,000
100.0%
Indirect Costs
$13,000
$14,000
$14,000
$1,000
100.0%