FY 2018 Funding Formula Booklet 2_21_18

MISSISSIPPI PUBLIC COMMUNITY AND JUNIOR COLLEGES SCHEDULE OF SUPPORT DISBURSEMENTS FY 2018 At $231,462,132 SB 2964

FUNDING FORMULA

Insurance

Advanced Training

Dropout Recovery #22298

Capital

SIGN LANGUAGE

HEALTH / LIFE

EDUCATION TECHNOLOGY

Assoc. Degree

WORKFORCE

#22298

#44080

#44110

Carryover Fund DEVELOPMENT CENTERS

Interpreter

TOTAL

Expense Fund R&R #63290

INSUR.

Nursing/Allied Health

MONTH

Gen. Fund

1 Cent EEF Discret. EEF

#22298

#33295

#22298

#22298

#22298

# 22298 FOR MONTH

Centers #2298

JULY

31,648,515 8,398,641 8,398,641 8,398,641 8,398,641 8,398,640

3,306,083 3,306,083 3,306,083 3,306,083 3,306,083 3,306,084

82,111 82,112 82,112 82,112 82,112 82,112

0

8,833,500

190,000

2,250,000

89,525

3,549,580

1,125,000

1,500,000

1,278,461

53,852,775 11,786,836 11,786,836 11,786,836 11,786,836 14,731,336

AUGUST

SEPTEMBER OCTOBER NOVEMBER DECEMBER 1ST 6 MONTHS TOTAL

2,944,500

73,641,719 19,836,499

492,671

0

11,778,000

190,000

2,250,000

89,525

3,549,580

1,125,000

1,500,000

1,278,461 115,731,455

JANUARY FEBRUARY

12,273,620 12,273,620 12,273,620 12,273,620 12,273,620 12,273,619

3,306,083 3,306,083 3,306,083 3,306,083 3,306,083 3,306,085

82,112 82,112 82,112 82,112 82,112 82,111 492,671 985,342

0

8,833,500

190,000

2,250,000

89,525

3,549,580

1,125,000

1,500,000

1,278,461

34,477,881 15,661,815 15,661,815 15,661,815 15,661,815 18,606,315

MARCH APRIL

MAY JUNE

2,944,500

2ND 6 MONTHS

73,641,719 19,836,500 147,283,438 39,672,999

0 0

11,778,000 23,556,000

190,000 380,000

2,250,000 4,500,000

89,525 179,050

3,549,580 7,099,160

1,125,000 2,250,000

1,500,000 3,000,000

1,278,461 115,731,456 2,556,922 231,462,911

TOTAL

TOTAL FOR YEAR BY SECTION

187,941,779

0

23,556,000

380,000

4,500,000

179,050

7,099,160

2,250,000

3,000,000

2,556,922 231,462,911

231,462,911 0

AppropriatedS.B. 2964

NOTE: (1) Sections 1, 8, 10, 11, 12, 15, 16, and 17 of S.B. 2876, 2016 Regular Session indicates General Fund appropriations. Section 2 appropriates funds from the Education Enhancement Fund. (2) Allocations are subject to budget appropriation revisions. Disbursements are subject to the availability of funds in the State Treasury. (3) Fund 2298 transmittals are to be electronically submitted on or after the 25th of each month except for December. Funds 44080 and 44110 are to be electronically submitted after notification of availability and amount by the Department of Finance and Administration.

Fund 22298 Fund 33295 Fund 44080 Fund 44110 Fund 63290

190,424,570

380,000

39,672,999

(4) Full-time equivalency (FTE) enrollment is used to allocate the funds in the funding formula. 1 FTE = 30 SCH

985,342

-

Total

231,462,911

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