COBI 2015 - Success Stipend

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

The Success Stipend (formerly known as Utah Centennial Opportunity Program for Education or UCOPE) was established to provide state-funded, need-based financial aid for Utah resident students attending public and private universities and colleges in Utah. The Success Stipend program currently has approximately $1.4 million in ongoing state appropriations. In order to keep pace with the increases in tuition and fees, the Board of Regents' policy (R510-3.8) states: "When the Board's higher education appropriation recommendations contemplate tuition rate increases, the Board will consider including a request for a related appropriation increase . . . "

Funding History

Related Publications

Trend Analysis - 2015 General Session - State Board of Regents - Student Assistance

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $1,391,200 from all sources for Success Stipend. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $1,391,200 from the General/Education Funds, a change of 0 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

Statute

The following laws govern the Success Stipend program:

UCA 53B-13a outlines the administration of the Success Stipend Program.

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	1,418,400	1,391,200	1,391,200	1,391,200	1,391,200	0	1,391,200	0	1,391,200
Education Fund, One-time	0	0	750,000	0	0	0	0	0	0
Total	$1,418,400	$1,391,200	$2,141,200	$1,391,200	$1,391,200	$0	$1,391,200	$0	$1,391,200

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	1,418,400	1,391,200	2,141,200	0	1,391,200	0	1,391,200	0	1,391,200
Transfers	0	0	0	1,391,200	0	0	0	0	0
Total	$1,418,400	$1,391,200	$2,141,200	$1,391,200	$1,391,200	$0	$1,391,200	$0	$1,391,200

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.