COBI 2015 - Economic Development Initiatives

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

This new program came as a result of a restructuring of the State Board of Regents' line items during the 2009 General Session. This program provides support to leverage USHE institutions' resources with the goal of sustaining and developing the economy of the state through regional and cluster acceleration efforts.

Funding History

Related Publications

Trend Analysis - 2015 General Session - State Board of Regents - Economic Development

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $322,200 from all sources for Economic Development Initiatives. This is a 1.6 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $322,200 from the General/Education Funds, an increase of 1.6 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 Compensation - USHE & UCAT$4,200$0

OngoingOne-TimeFinancing Source

$4,200$0Education Fund

No Description

Health Insurance - USHE & UCAT$1,000$0

OngoingOne-TimeFinancing Source

$1,000$0Education Fund

No Description

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	317,300	310,300	312,300	313,900	313,900	0	313,900	0	313,900
Education Fund	0	0	0	0	3,100	0	3,100	5,200	8,300
Transfers - HED	0	0	300	0	0	0	0	0	0
Beginning Nonlapsing	0	54,900	36,400	82,900	36,400	111,800	148,200	0	148,200
Closing Nonlapsing	(54,900)	(36,400)	(82,900)	(148,200)	23,600	(171,800)	(148,200)	0	(148,200)
Total	$262,400	$328,800	$266,100	$248,600	$377,000	($60,000)	$317,000	$5,200	$322,200

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	215,100	252,400	188,700	226,300	232,400	(800)	231,600	5,200	236,800
In-state Travel	24,300	16,800	9,000	7,200	21,000	(4,300)	16,700	0	16,700
Current Expense	23,000	59,600	68,400	15,100	123,600	(54,900)	68,700	0	68,700
Total	$262,400	$328,800	$266,100	$248,600	$377,000	($60,000)	$317,000	$5,200	$322,200

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	1.19	1.37	1.19	2	1.19	0.20	1.39	(0.20)	1.19
Actual FTE	1.19	1.38	1.69	1.19	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.