FY 2018 Funding Formula Booklet 2_21_18

Mississippi Public Community and Junior Colleges FY 2018 Career/Technical Salary Funding From MS Department of Education BASE 7.5%

Base Calculation

FY 2018 $

25,974,645

26,655,473.00

Add: MGCCC (Northrop)

680,828 Workforce

1,999,160.48 133,277.37 1,999,155.00

Subtotal

26,655,473 1,999,155 24,656,318

Less: Base

<<<

AMT AVAILABLE

WEIGHTED

FY 2017 Career/Technical Enrollment

WEIGHT

FTE ENROLLMENT

ENROLLMENT

7,647.0 3,845.4 2,172.9 1,277.3

1.00 1.00 0.25 0.50 0.75

7,646.98 3,845.40

TECHNICAL

CAREER

543.21 638.67 228.97

HIGH COST LEVEL 1 HIGH COST LEVEL 2 HIGH COST LEVEL 3

305.3

SUM OF WEIGHTS

12,903.24

AMT AVAIL DIV BY SUM

$24,656,318.00

12,903.24

OF WEIGHTS Weight of One (1.0)

$1,910.86

$1,910.86 Technical

$14,612,328.59 $7,348,037.67 $1,038,007.67 $1,220,413.84

$1,910.86 Career/Vocational

$477.72 High Cost I $955.43 High Cost II $1,433.15 High Cost III

$437,530.22

$24,656,318.00

2/21/2018F:\Career Tech formula no ADN acad FY18 8_21_2017

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