COBI 2015 - South

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

Southern TOIP was established in January 2007 and is located within Dixie State University, with an extension office located at the Southern Utah University's Business Resource Center in Cedar City. Being located in one of the more rural areas of the state, the Southern TOIP has a niche for rural business development.

It provides business assistance services such as consulting, plan development, market/opportunity analysis, networking, product developing/testing, patent research, and presentations/connections to investor groups. Southern TOIP provides Go to Market funding for its region.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $396,500 from all sources for South. This is a 0.8 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $396,500 from the General/Education Funds, a reduction of 0.8 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Shift USTAR Oversight Functions to Administration ($11,500)$0

OngoingOne-TimeFinancing Source

($11,500)$0General Fund

Centralize oversight functions into Administration.

Intent Language

HB0003: Item 63

Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $332,000 of any remaining amount of the $2,802,700 ongoing General Fund appropriation provided by Item 20, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority � Technology Outreach and Innovation shall not lapse at the close of Fiscal Year 2015. These funds will be used for Go-to-market program and program impact survey.

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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	0	0	0	0	399,500	0	399,500	(4,400)	395,100
General Fund, One-time	0	0	0	0	200	0	200	1,200	1,400
Total	$0	$0	$0	$0	$399,700	$0	$399,700	($3,200)	$396,500

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	0	0	0	69,700	133,200	202,900	(7,900)	195,000
In-state Travel	0	0	0	0	4,800	4,200	9,000	0	9,000
Out-of-state Travel	0	0	0	0	600	900	1,500	0	1,500
Current Expense	0	0	0	0	322,200	(135,900)	186,300	4,700	191,000
DP Current Expense	0	0	0	0	2,400	(2,400)	0	0	0
Total	$0	$0	$0	$0	$399,700	$0	$399,700	($3,200)	$396,500

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	0	0	0	0	2.50	(2.50)	0	2.50	2.50

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.