COBI 2014 - USTAR

Compendium of Budget Information for the 2014 General Session

Business, Economic Development, and Labor
Appropriations Subcommittee

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Agency: USTAR

Function

In March 2006, the Utah State Legislature created the Utah Science Technology and Research (USTAR) economic development initiative. The Initiative has three major components:

recruiting and hiring top-notch research teams;
construction of research buildings at the University of Utah and Utah State University; and
operation of a technology outreach program at five locations throughout Utah.

The USTAR research teams are expected to bring new funding to the state through federal and commercial contracts and grants. Ultimately, USTAR should generate more technology-based start-up firms and higher-paying job opportunities in Utah through the commercialization of USTAR technologies.

Statutory Authority

UCA 63M-2 provides statutory authority for the USTAR Governing Authority. Chapter 2 establishes the Governing Authority and an advisory board, defines the scope of the USTAR initiative, and specifies how revenues created by USTAR teams and technologies are to be distributed.

UCA 63B-15-101 and UCA 63B-19-101 authorized the issuance and sale of general obligation bonds for the construction of the USTAR BioInnovations Center at Utah State University and the James L. Sorenson Molecular Biotechnology building at the University of Utah.

Funding Detail

General Fund money is the major source of funds for USTAR. In the 2009 General Session, $33,000,000 in American Recovery and Reinvestment Act (ARRA) funding was allocated to USTAR with S.B 240, "Utah Science Technology and Research Initiative Amendments". This funding covered expenditures for FY 2010 and stretched through to FY 2013.

During the 2009 General Session, the Legislature approved USTAR's request to impose fees on certain companies receiving grant writing services through the USTAR Technology Outreach program's Small Business Innovation Research (SBIR) assistance center. These fees represent the dedicated credits revenue.

Expenditures are largely personnel related within the USTAR Administration and Technology Outreach and the Pass-through to the University of Utah and Utah State University for research teams.

Table 1: Operating and Capital Budget Including Expendable Funds and Accounts

Sources of Finance (click linked fund name for more info)
General Fund
General Fund, One-time
Federal Funds
American Recovery and Reinvestment Act
Dedicated Credits Revenue
Beginning Nonlapsing
Closing Nonlapsing
Total

2010 Actual	2011 Actual	2012 Actual	2013 Actual	2014 Approp	2014 Change	2014 Revised	2015 Change	2015 Approp
$15,296,100	$14,501,300	$13,952,700	$16,990,300	$22,014,000	$0	$22,014,000	$18,800	$22,032,800
($5,072,900)	$0	$540,500	$3,000,000	$0	$2,000	$2,000	$2,000	$4,000
$0	$1,654,200	$0	$42,200	$0	$160,000	$160,000	($160,000)	$0
$15,884,400	$15,461,400	$0	$0	$0	$0	$0	$0	$0
$9,600	$4,800	$3,100	$93,300	$5,200	$5,800	$11,000	$0	$11,000
$12,165,000	$16,744,900	$21,702,000	$10,923,700	$0	$602,600	$602,600	($416,100)	$186,500
($16,744,900)	($21,702,000)	($10,923,700)	($602,600)	$0	($186,500)	($186,500)	$55,700	($130,800)
$21,537,300	$26,664,600	$25,274,600	$30,446,900	$22,019,200	$583,900	$22,603,100	($499,600)	$22,103,500

Line Items (click linked line item name to drill-down)
USTAR
USTAR Research Teams
UU Research Teams
USU Research Teams
Technology Outreach and Innovation
USTAR Administration
Total

2010 Actual	2011 Actual	2012 Actual	2013 Actual	2014 Approp	2014 Change	2014 Revised	2015 Change	2015 Approp
$21,537,300	$26,664,600	$25,274,600	$30,446,900	$3,500,300	$527,900	$4,028,200	($4,028,200)	$0
$0	$0	$0	$0	$18,518,900	$56,000	$18,574,900	($18,574,900)	$0
$0	$0	$0	$0	$0	$0	$0	$11,111,300	$11,111,300
$0	$0	$0	$0	$0	$0	$0	$7,407,600	$7,407,600
$0	$0	$0	$0	$0	$0	$0	$2,870,500	$2,870,500
$0	$0	$0	$0	$0	$0	$0	$714,100	$714,100
$21,537,300	$26,664,600	$25,274,600	$30,446,900	$22,019,200	$583,900	$22,603,100	($499,600)	$22,103,500

Categories of Expenditure (mouse-over category name for definition)
Personnel Services
In-state Travel
Out-of-state Travel
Current Expense
DP Current Expense
Capital Outlay
Other Charges/Pass Thru
Total

2010 Actual	2011 Actual	2012 Actual	2013 Actual	2014 Approp	2014 Change	2014 Revised	2015 Change	2015 Approp
$1,587,800	$1,638,800	$1,394,900	$1,082,700	$1,156,000	$9,400	$1,165,400	$9,362,800	$10,528,200
$22,100	$18,500	$14,200	$11,100	$14,100	($2,700)	$11,400	$219,600	$231,000
$19,900	$15,800	$18,000	$11,800	$27,000	($20,700)	$6,300	$100	$6,400
$769,400	$737,900	$1,028,700	$1,314,100	$1,865,500	($899,000)	$966,500	$6,934,700	$7,901,200
$132,400	$71,800	$60,500	$40,300	$67,700	($25,600)	$42,100	$1,100	$43,200
$0	$0	$0	$0	$0	$0	$0	$3,393,500	$3,393,500
$19,005,700	$24,181,800	$22,758,300	$27,986,900	$18,888,900	$1,522,500	$20,411,400	($20,411,400)	$0
$21,537,300	$26,664,600	$25,274,600	$30,446,900	$22,019,200	$583,900	$22,603,100	($499,600)	$22,103,500

Other Indicators
Budgeted FTE
Actual FTE

2010 Actual	2011 Actual	2012 Actual	2013 Actual	2014 Approp	2014 Change	2014 Revised	2015 Change	2015 Approp
26.0	26.0	26.0	21.0	15.2	(3.1)	12.0	2.0	14.0
22.6	22.2	15.2	12.9	0.0	0.0	0.0	0.0	0.0

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.