The following terms and descriptions may help you understand more fully your Summary Page in your Program Budget, located in Box:
REVENUE:
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State General Fund
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State appropriation (small school funds)
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Mixed with RAM (RAM may going away soon due to OUS changing to HECC (Higher Education Coordinating Commission), where funding will most likely be outcomes based – graduation rates – still being determined)
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Based on projected enrollment
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Tuition & Fees
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Based on projected enrollment
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Provided Student Credit Hour Allocation to account for non-degree seeking students and students enrolled in courses that are not part of their major (total SCH for # of students enrolled in program courses/total student credit hours=% of total student credit hours x total tuition revenue for last fiscal year)
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Academic Fees
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Course fees
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Incidental Student Fees
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Not applicable to E&G Funds – only for Student Fees
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Fee Remissions
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OSU holds 10% of all tuition revenue for Financial Aid for our students
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Other Revenue
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Course Release Funds, workshop fees, other course revenue
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SALARIES/OPE:
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Salaries/OPE
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For all faculty/staff associated with a Program. Please remember that OPE is an additional 50-60% of a person’s salary.
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Student
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Student Worker salaries (for research support, requested TA’s)
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DIRECT OPERATING EXPENSES:
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Supplies
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General supplies for a program, instructional supplies, lab supplies
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IT, Telecom & Postage
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IT & Telecom expenses will be moved to a Central Admin index this year
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Postage
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Facilities O&M
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Applicable to Admin accounts only
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Professional Services
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Guest Speakers, specific course needs (i.e. expedition course)
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PD/In-State Travel
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Approved amounts for faculty/staff for the fiscal year
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Other Expenses
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Outlier requests
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Startup Costs
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Funds granted for start-up packages
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Capital Outlay
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Capital Expenses (mainly for replacement furniture)
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Transfers
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Expenses associated with course releases
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Overhead
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42% of all department Salaries/OPE and Direct Operating Expenses (helps cover Administrative costs: IT, Facilities, Enrollment Services, etc.)
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FTE
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Full-time Equivalent
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Calculates total full-time students (since not all students are full-time in each program – this is done through the IR Office in Corvallis, calculated based on SCH)
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Headcount
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Counts actual number of students (bodies)
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Break-even FTE
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Number of full-time students to generate tuition/fees to cover program expenses
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Target Enrollment Increase
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Number of full-time students needed to generate tuition/fees to cover program expenses
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# of Faculty FTEs
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Number of regular faculty in a program
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Approved term-to-term faculty
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List of term-to-term faculty that were approved during the budgeting process
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