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 |
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|
|
|
* This number does not include costs related to increased enrollment.
Potential enrollment of 1,287 FTES is estimated to cost $5.8 million.