COBI 2015 - Utah Valley University

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

Utah Valley University (UVU) is a comprehensive regional university dedicated to student success through certificates, associate and baccalaureate degrees, and a targeted number of master's degrees. UVU is committed to preparing students for professional life through engaged learning and participation in serving the needs of the local community, and through the development of productive partnerships with government, civic associations, and private industry.

Funding History

Related Publications

Utah System of Higher Education Increases Tuition by 3% for 2015-2016

Trend Analysis - 2015 General Session - Utah Valley University - Education and General

Trend Analysis - 2015 General Session - Utah Valley University - Educationally Disadvantaged

Issue Brief - 2015 General Session - Funding Transfer from State Auditor

Issue Brief - 2015 General Session - USHE Vehicle Expansion

Issue Brief - 2015 General Session - USHE Tuition and Fees

Issue Brief - 2015 General Session - Tuition Projections

Issue Brief - 2015 General Session - Mission Based Funding

Issue Brief - 2015 General Session - Direct and Full Instructional Costs per FTE Student

Issue Brief - 2015 General Session - Higher Education Tuition and State Tax Funding

Issue Brief - 2015 General Session - USHE Tuition and Fees

Issue Brief - 2015 General Session - Performance Based Funding

Issue Brief - 2015 General Session - Tuition Waivers

Issue Brief - 2015 General Session - USHE Degrees

Issue Brief - 2015 General Session - USHE Graduation Rates

Issue Brief - 2015 General Session - USHE Historical Enrollment

Issue Brief - 2015 General Session - USHE Historical Funding

Issue Brief - 2015 General Session - USHE Mission, Enrollment, and Funding

Issue Brief - 2015 General Session - Education and General Expenditures by Category

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $205,380,100 from all sources for Utah Valley University. This is a 6.5 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $96,568,200 from the General/Education Funds, an increase of 3.8 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 Compensation - USHE & UCAT$2,501,000$0

OngoingOne-TimeFinancing Source

$1,876,400$0Education Fund

$624,600$0Dedicated Credits Revenue

No Description

Health Insurance - USHE & UCAT$918,300$0

OngoingOne-TimeFinancing Source

$688,900$0Education Fund

$229,400$0Dedicated Credits Revenue

No Description

Higher Education Audit Billings$48,800$0

OngoingOne-TimeFinancing Source

$48,800$0General Fund

The State Auditor requests a reduction of $712,500 from General Fund revenue and an increase of the same amount to Dedicated Credit revenue. This change would shift the billing for audit services directly to colleges and universities. The corresponding increase in GF appropriations to higher education could be reduced to $404,000, with the expectation that the difference could made up in tuition (43.4% of Higher Education funding is from Dedicated Credits).

Tuition Projections$6,864,000$0

OngoingOne-TimeFinancing Source

$6,864,000$0Dedicated Credits Revenue

No Description

The following are performance measures tracked within this organization.

Degrees Awarded, FTE Student Enrollment, Graduation Rates

Students Served, Tutoring Hours, Students Receiving Pell Grants

Intent Language

SB0002: Item 118

The Legislature intends that Utah Valley University report on the following performance measures: (1) graduation rates (100 percent, 150 percent, and 200 percent) by cohort, with comparisons to national averages; (2) transfer and retention rate, by cohort; (3) job placement rates following graduation, by discipline; (4) degree completion per discipline; and (5) percentage of students enrolling in, and successfully completing, developmental mathematics course who immediately or concurrently enroll in college level math (1030 or higher). The Legislature intend that this information be available to the Higher Education Appropriations Subcommittee by December 31, 2016.

SB0002: Item 118

The Legislature intends that Utah Valley University be authorized to purchase 6 new vehicles for its motor pool.

Utah Valley University's funding sources consist of General Funds, Education Funds, and Dedicated Credits (tuition and fees).

Display By:

Line Item

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Line Items	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Education and General	147,466,800	153,967,100	156,393,300	162,715,900	191,459,600	1,146,400	192,606,000	12,607,600	205,213,600
Educationally Disadvantaged	160,500	157,100	157,500	159,700	163,000	0	163,000	3,500	166,500
Total	$147,627,300	$154,124,200	$156,550,800	$162,875,600	$191,622,600	$1,146,400	$192,769,000	$12,611,100	$205,380,100

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	56,690,000	55,511,300	57,380,900	57,800,900	57,983,900	0	57,983,900	48,800	58,032,700
General Fund, One-time	(3,287,600)	(828,200)	0	0	0	0	0	0	0
Education Fund	4,574,200	4,020,900	4,859,800	12,038,700	35,918,800	0	35,918,800	2,616,700	38,535,500
Education Fund, One-time	0	0	0	(1,984,500)	(831,900)	0	(831,900)	831,900	0
American Recovery and Reinvestment Act	2,043,600	0	0	0	0	0	0	0	0
Dedicated Credits Revenue	86,991,100	95,490,500	95,714,700	95,807,500	97,728,900	1,969,300	99,698,200	7,735,100	107,433,300
Transfers - HED	822,900	1,081,500	1,411,000	1,378,600	822,900	(822,900)	0	1,378,600	1,378,600
Beginning Nonlapsing	7,304,200	7,511,100	8,662,900	11,478,400	8,662,900	4,981,100	13,644,000	0	13,644,000
Closing Nonlapsing	(7,511,100)	(8,662,900)	(11,478,500)	(13,644,000)	(8,662,900)	(4,981,100)	(13,644,000)	0	(13,644,000)
Total	$147,627,300	$154,124,200	$156,550,800	$162,875,600	$191,622,600	$1,146,400	$192,769,000	$12,611,100	$205,380,100

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	114,840,300	124,722,700	130,508,400	134,959,200	160,557,200	(9,093,700)	151,463,500	10,332,000	161,795,500
In-state Travel	1,555,300	1,755,900	1,818,000	1,816,500	717,900	136,300	854,200	0	854,200
Current Expense	19,604,200	22,708,100	20,472,400	23,423,900	29,754,000	10,156,400	39,910,400	2,279,000	42,189,400
Capital Outlay	4,085,600	2,252,900	3,167,400	2,091,400	593,500	(52,600)	540,900	100	541,000
Other Charges/Pass Thru	7,541,900	2,684,600	584,600	0	0	0	0	0	0
Transfers	0	0	0	584,600	0	0	0	0	0
Total	$147,627,300	$154,124,200	$156,550,800	$162,875,600	$191,622,600	$1,146,400	$192,769,000	$12,611,100	$205,380,100

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	1,873.41	1,996.09	2,096.13	2,021.62	2,096.13	35.89	2,132.02	(35.89)	2,096.13
Actual FTE	1,864.97	1,950.28	1,933.64	1,904.67	0	0	0	0	0
Vehicles	152	150	150	157	157	5	162	(5)	157

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.