MSVCC Annual Report 2018

Fiscal Year 2018 FINANCIAL HIGHLIGHTS STATE FUNDING

All MSVCC provider semester credit hours for the summer, fall and spring semesters of the prior year are divided by 30 to determine the number of FTEs and are included in the academic, technical and career categories. Academic, technical and career categories are weighted at 1.0. MSVCC students must be actually enrolled and in attendance the last day of the sixth week of each full-term semester, or its equivalent, and reside within the state of Mississippi to qualify for funding. For FY19, MSVCC shared host and provider hours may qualify for incentive funding on the basis of the prior year full-time equivalency of MSVCC shared hours during the summer, fall and spring semesters. To be considered in this separate section of the formula, the MSVCC student at the “host” institution must be taking the course from another “provider” institution. Those semester credit hours being hosted by one institution shall receive funding at the weight of 0.75 and those semester credit hours being provided by one institution shall receive funding at the weight of 0.25. EDUCATION TECHNOLOGY APPROPRIATIONS In Section 12 of Senate Bill 2964, the Legislature appropriated, out of the state general fund, a total of $7,099,160 to the MCCB for the purpose of defraying the Education Technology Program at the community and junior colleges. Education Technology funds may be used to pay for recurring technology costs which include voice, data, and video line costs, internet access, maintenance on computer software and hardware, technology training needs for faculty and staff, and equipment upgrades. Each community and junior college district is provided two technology positions at $50,000 per position. Internet utilization costs assessed by ITS are estimated at $540,000 and will be paid from education technology funds. The balance of the funds available after line charges, technical positions, backbone costs, and after the MCCB receives its share of the SB 2964, the remainder is distributed to the community and junior colleges based upon the following formula:

• One-half evenly among districts

• Remaining one-half based on full-time equivalent (FTE)

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12 MISSISSIPPI VIRTUAL COMMUNITY COLLEGE