| Table 1 |
| University System of Maryland |
| FY 2005 Current Service Cost Estimates |
|
|
(in millions) |
| Salary Increments for Faculty &
Staff |
$23 |
| Health Insurance & other fringe
benefit increases |
$13 |
| New Facilities Operating &
Construction Management Fees |
$17 |
| Academic Revenue Bond Debt Service |
$2 |
| Energy cost increases |
$4 |
| Financial Aid set-aside |
$9 |
| State Treasurer Insurance increases |
$3 |
| Operating Inflation, facilities renewal
& Non salary expenditures |
$8 |
| Total USM Current Service
Costs* |
$80 |
|
| Balancing the
Budget |
|
|
| Current Services Costs |
$80 |
| Less Tuition Revenue to cover costs |
($55) |
| Regents Effectiveness & Efficiency
Targeted Savings |
($17) |
| Reductions & Efficiencies
yet to be identified |
$8
|
|
|
|
|
| * This number does not include costs related
to increased enrollment. |
| Potential enrollment of 1,287 FTES is
estimated to cost $5.8 million. |
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