| All funds budget |
A comprehensive financial framework to facilitate more strategic resource allocation decisions. All revenues and expenditures are planned and budgeted – these include tuition, state appropriations, restricted income and expenses, direct and indirect research, gifts, plant fund, and endowment. |
| Appropriated Base Budget |
Ongoing portion of the Appropriated Operating Budget |
| Appropriated Operating Budget |
Dollars included in the Appropriation Act, including state tax funds and tuition. Includes ongoing and one-time funding. |
| Appropriated Revenue: Federal |
Any federal assistance funds made available by an Act of Congress for programs that are consistent with the needs and goals of the state and its citizens and that are not prohibited by law. |
| Appropriated Revenue: Trust Lands |
Land Grant Income includes all income derived by USU from Land Grants described in the Utah constitution and in the Act of July 16, 1894, adopted by Congress. The School and Institutional Trust Lands Administration administers the fund on behalf of USU. |
| Appropriated Revenue: Mineral Lease |
Appropriations by the Legislature giving priority to those subdivisions of the state socially or economically impacted by development of minerals leased under the Mineral Lands Leasing Act |
| Appropriated Revenue: Tax |
Tax funds are assessed and spent at the discretion of the Legislature, as the Constitution allows. |
| Appropriated Revenue: Tuition |
The amount charged per semester credit hour for instruction. |
| Appropriation Type: One-Time |
Appropriations or allocations intended to be used in a short, distinct period of time, generally for a specific purpose. One-time appropriations are funds authorized on a nonrecurring basis. The amount is not added to the base budget. |
| Appropriation Type: Ongoing |
Appropriations or allocations authorized on a recurring basis. The amount is added to the base budget. |
| Appropriation Type: Supplemental |
An amendment to the current year appropriations that affects the original legislative appropriation. |
| Auxiliaries |
Business enterprises or other support activities that operate essentially on a self-supporting basis and provide specific services to students, faculty, staff, or guests of the institution. USU auxiliaries include (but are not limited to) the campus store, food services, parking operations, student housing, Taggart student center, and the University Inn. |
| Operating Budget |
The authorized level of expenditure for an individual cost center. For appropriated cost centers, the budget is an allocation determined through administrative process. For non-appropriated cost centers, the budget is set according to the projected revenue and/or stipulations of the grant or revenue source. |
| Capital Budget |
Long-term financing and expenditure plan for acquisition, construction, or improvement of fixed assets such as land and buildings. |
| Carryforward |
Unspent funds from the prior fiscal year available to spend in the next fiscal year. |
| Centrally Held Account |
Central pool where unallocated state appropriated E&G funds are held until allocation -- all new allocations always pass through this account |
| Concurrent Enrollment |
When a high school student is enrolled in a university course for which the student simultaneously receives high school and university credit. |
| Contracts & Grants Awarded |
Contracts or grants for which USU has received funding for that year. Actual cash received may come later and be spread over multiple years. |
| Course Fee |
A fee that is attached to a specific course, in addition to tuition. |
| Credit Hours |
Credits are related to the number of hours of instruction per week during the academic term. |
| Direct Instructional Costs |
All faculty and staff compensation and other instructional cost center expenditures directly related to instruction. |
| Education & General (State of Utah) |
Education and General is the Line Item which makes up the largest portion of the University's appropriated funds. Appropriated by the legislature for the general operation of the University, including budget-related instruction, support services, and operation and maintenance of facilities. The Utah and NACUBO definitions are not equivalent. |
| Employee Benefits Pool (E&G) |
Central pool which provides budget to E&G indexes for their employee benefit expenditures |
| Enrollment Growth model (USU) |
An incentivize to departments to grow enrollments. It uses 2015 as the base (comparison) year. Any funds units receive from this model are one-time. |
| Enrollments: Budget related |
Enrollments generated in courses that are designated by the Board of Higher Education as budget related and are eligible for state funding. Assessing "board approved tuition" is a key indicator of budget related. |
| Enrollments: Self Supporting |
Enrollments generated in courses that are designated by the Board of Higher Education as self supporting and are not eligible for state funding. Examples of self supporting courses are: high school concurrent enrollments, courses numbered below 1000 that charge less than full tuition, ROTC courses, correspondence courses, contract courses not available to the general public, workshops, non-credit academic courses, etc. |
| Facilities & Administrative Indirect Revenue |
The revenue that's returned to institutions after applying the F&A rate to sponsored projects. |
| Financial Manager |
The person responsible for the use of a budget. |
| Funds Available Posting (USU) |
An automatic process that generates a budget in Banner. This process is inactive for appropriated funds, grants, and auxiliaries. |
| General Fees |
Mandatory fees assessed to students upon registration to benefit students broadly. Any change to these fees requires approval by the Board of Higher Ed. Different campuses can have different fee schedules. |
| Internal Service Fund (State of Utah) |
Charges USU pays that are assessed by state agencies that provide specialized services to USU, and are mandated by the State. These include property insurance, liability insurance, Attorney General, and Fleet Services. |
| Line Item |
A line item in an appropriation bill authorizes the expenditure of funds for a specific purpose. Line items include the agency, the amount authorized, and the source of the funds. USU has 4 line items: Education & General, School of Veterinary Medicine, Technical Education, Special Programs. USU's line item structure is entirely determined by the legislature. |
| Performance Based Funding |
A legislative incentive model that identifies certain indicators and rewards USU for demonstrating success in improving in those areas. The indicators get reexamined every few years. Funding began in FY14. USU is allowed to use the funding for whatever purpose it deems appropriate. |
| Restricted Funds |
Funds that are maintained in a separate account for a specific purpose. |
| Special programs (USU) |
Agreements between academic departments and statewide campuses to provide programs across the state. Some agreements include a special rates; these are not approved by the Board. Each agreement generates revenue for the academic department. |
| Subvention |
An operating subsidy provided to a college or campus at the discretion of University leadership to provide resources for costs that aren't captured fully in the budget model.. Subvention can be provided on a recurring or a one-time basis and is used to fund ongoing operations or to invest in strategic initiatives. |
| Summer Incentive (USU) |
An incentivize to departments to grow summer enrollments. Any funds units receive from this model are one-time. |
| Tuition Type: Base Rate |
Each institutional President, with the approval of the institutional Board of Trustees, may recommend a tuition rate increases to meet specific institutional needs. |
| Tuition Type: Differential Tuition |
Extra tuition charged on top of the university's Base tuition rate. |
| Tuition Type: Out of state Online |
For students living outside of Utah, a flat per credit rate charged for online courses. |
| Waiver |
A form of financial aid, waivers represent tuition discounts, meaning less revenue for the university. State law defines the various waivers and any eligibility requirements as well as any institutional limits. |
| Vacant Position Pool (E&G) |
Defined in policy 1201. Allows the Dean/VP to determine the best utilization of funds generated by turnover. |
