COBI 2015 - Administration

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

USTAR Administration

Implements strategic direction determined by the USTAR Governing Authority to establish programs and policies that increase innovation and commercialization across the State.

Engages through board positions, outreach and collaborative relationships with USTAR's diverse stakeholder community.

Develops, administers and resports on performance metrics for USTAR components (including for the University research teams and the USTAR Technology Outreach Innovations Program).

Provides financial management and auditable fiscal accounting for all USTAR transactions and budgetary processes.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $0 from all sources for Administration. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

Statute

UCA 63M-2-302 specifies the duties of the Governing Authority. The authority:

Ensures that funds appropriated and received for research and development at the research universities and for the technology outreach program are used appropriately, effectively, and efficiently in accordance with the intent of the Legislature;
Works with the administrations of the University of Utah and Utah State University to expand key research;
Encourages and enhances technology transfer and commercialization of research and technologies developed at the research universities to create high-quality jobs and new industries in the private sector in Utah;
Reviews state and local economic development plans and appropriations to ensure that the project and appropriations do not duplicate existing or planned programs;
Establishes economic development objectives for the project;
Makes rules for allocating monies appropriated for research teams and for the commercialization of new technology between Utah State University and the University of Utah;
Verifies that the USTAR project is being enhanced by research grants and that it is meeting economic development objectives;
Monitors all research plans that are part of the project at the research universities to determine that appropriations are being spent in accordance with legislative intent and to maximize the benefit and return to the State;
Develops methods and incentives to encourage investment in and contributions to the USTAR project from the private sector; and
Annually reports and makes recommendations to the Governor and the Business, Economic Development, and Labor Subcommittee.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	185,000	665,600	814,900	672,300	0	0	0	0	0
General Fund, One-time	0	0	0	(55,000)	0	0	0	0	0
American Recovery and Reinvestment Act	492,100	0	0	0	0	0	0	0	0
Dedicated Credits Revenue	0	0	1,800	0	0	0	0	0	0
Beginning Nonlapsing	284,100	135,800	0	602,600	0	0	0	0	0
Closing Nonlapsing	(135,800)	(42,400)	(191,200)	(566,400)	0	0	0	0	0
Total	$825,400	$759,000	$625,500	$653,500	$0	$0	$0	$0	$0

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	542,400	434,100	437,500	455,100	2,800	(2,800)	0	0	0
In-state Travel	2,500	2,600	1,400	5,200	0	0	0	0	0
Out-of-state Travel	4,800	2,100	400	2,500	0	0	0	0	0
Current Expense	225,800	235,300	111,800	150,500	(3,100)	3,100	0	0	0
DP Current Expense	49,900	33,700	28,800	40,200	300	(300)	0	0	0
Other Charges/Pass Thru	0	51,200	45,600	0	0	0	0	0	0
Total	$825,400	$759,000	$625,500	$653,500	$0	$0	$0	$0	$0

Show Table | Show Additional Information

Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	6	6	5	3.80	0	0	0	0	0
Actual FTE	5.80	3.83	4.80	4.20	0	0	0	0	0

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.