COBI 2015 - Salt Lake BioInnovations Gateway (BiG)

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The BioInnovations Gateway (BiG) is an incubator for emerging biotech and medical device companies, a high-tech training facility for the next generation of bio-innovators, and a contract research resource for Utah's life science industry.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $159,700 from all sources for Salt Lake BioInnovations Gateway (BiG). This is a 2.7 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $159,700 from the General/Education Funds, an increase of 2.7 percent from revised Fiscal Year 2015 estimates.

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	163,100	(8,100)	155,000	4,000	159,000
General Fund, One-time	0	0	0	0	500	0	500	200	700
Total	$0	$0	$0	$0	$163,600	($8,100)	$155,500	$4,200	$159,700

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	144,600	(500)	144,100	1,500	145,600
In-state Travel	0	0	0	0	0	1,000	1,000	0	1,000
Current Expense	0	0	0	0	16,600	(9,000)	7,600	2,600	10,200
DP Current Expense	0	0	0	0	2,400	400	2,800	100	2,900
Total	$0	$0	$0	$0	$163,600	($8,100)	$155,500	$4,200	$159,700

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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	1	(1)	0	1	1

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.