FY 2018 Funding Formula Booklet 2_21_18

MISSISSIPPI PUBLIC COMMUNITY AND JUNIOR COLLEGES FY 2018 FTE FORMULA with FY 2017 Enrollment S. B. 2964 Base = 15%

Base Calculation:

FY 18 $

187,941,779 31,648,515 156,293,264

210,990,085.00 FY 2017 Funding Formula 31,648,512.75 15% Base 2,109,900.85 Base / 15 colleges 31,648,515.00 Total Base

Less: Base AMT AVAIL

FY 2016 FTE ENROLLMENT

WEIGHT WEIGHTED ENROLL

ACADEMIC TECHNICAL

43,151.1600000

1.00 1.00 1.00 1.19 1.19 0.50 0.50

43,151.16 10,057.63 4,127.84 3,055.65 2,114.63 1,354.53 1,354.52 65,215.94

10,057.6 4,127.8 2,567.8 1,777.0 2,709.1 2,709.0

CAREER

Assoc. Degree Nursing AD Allied Health Progams MSVCC Host MSVCC Provider SUM OF WEIGHTS

AMT AVAIL DIV BY SUM OF WEIGHTS

156,293,264

65,215.94

$ Per FTE Student Funding Category Amount per Category

Weight of One (1.0)

$2,396.55

2,396.55 ACADEMIC 2,396.55 TECHNICAL 2,396.55 CAREER 2,851.89 NURSING 2,851.89 ALLIED HEALTH 1,198.28 MSVCC Host 1,198.28 MSVCC Provider

103,413,916.06 24,103,606.02 9,892,575.29 7,323,009.39 5,067,807.19 3,246,187.00 3,246,163.04

Total

156,293,264.00

F:\18ftefundingformula_final_8_11_17FTE formula 182/2/2018

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