COBI 2015 - School Trust

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The School Trust program represents costs associated with representing the Board of Education's interest in school trust lands, providing input on investment of the permanent State School Fund, administering the School LAND Trust program in around 1,000 public schools and around 8,000 School Community Council members, and providing information to state and national policymakers.

Funding History

Funding Issues

USOE Indirect Cost Pool Transfers

No Description

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $650,800 from all sources for School Trust. This is a 3.7 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

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 USOE Indirect Cost Pool Transfers ($50,400) ($53,000)

OngoingOne-TimeFinancing Source

($50,400) ($53,000)Transfers - Indirect Costs

No Description

Intent Language

HB0002: Item 4

The Legislature intends that the Utah State Board of Education use any nonlapsing balances generated from the licensing of Student Assessment of Growth and Excellence (SAGE) questions to other states to develop additional assessment questions and provide professional learning for Utah educators.

HB0002: Item 4

The Legislature intends that the Utah State Board of Education use the revenue bond savings of $264,700 from the Education Fund to support a portion of their Risk Mitigation Plan.

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
Education Fund	0	0	0	4,000	0	0	0	0	0
Dedicated Credits Revenue	0	0	0	0	(100)	9,100	9,000	0	9,000
Federal Mineral Lease	0	0	63,500	74,500	63,500	0	63,500	0	63,500
Interest and Dividends Account	0	0	536,000	537,100	606,300	0	606,300	20,400	626,700
Land Grant Management Fund	0	0	0	0	2,000	0	2,000	0	2,000
Transfers - Indirect Costs	0	0	0	0	0	(53,000)	(53,000)	2,600	(50,400)
School and Inst Trust Fund Mgt Acct	0	0	0	0	9,000	(9,000)	0	0	0
Beginning Nonlapsing	0	0	87,800	63,500	63,500	11,000	74,500	0	74,500
Closing Nonlapsing	0	0	(63,500)	(75,700)	(63,500)	(11,000)	(74,500)	0	(74,500)
Total	$0	$0	$623,800	$603,400	$680,700	($52,900)	$627,800	$23,000	$650,800

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	397,600	395,500	479,400	(44,200)	435,200	17,600	452,800
In-state Travel	0	0	3,900	3,800	3,900	(1,400)	2,500	0	2,500
Out-of-state Travel	0	0	5,900	1,200	5,900	(2,900)	3,000	0	3,000
Current Expense	0	0	84,300	77,600	59,400	54,300	113,700	2,700	116,400
DP Current Expense	0	0	300	8,800	300	7,500	7,800	100	7,900
Other Charges/Pass Thru	0	0	131,800	116,500	131,800	(13,200)	118,600	0	118,600
Transfers	0	0	0	0	0	(53,000)	(53,000)	2,600	(50,400)
Total	$0	$0	$623,800	$603,400	$680,700	($52,900)	$627,800	$23,000	$650,800

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	0	0	4	4	4	0.02	4.02	(0.02)	4
Actual FTE	0	0	4	3.54	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.