|
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.
