MSVCC P and P Revisions 5/3

Appendix C: State Funding for MSVCC Consortium State Funding For Mississippi Virtual Community College Consortium FY XXXX (FUNDING PROCEDURES) State Funding for Mississippi Virtual Community College Full-Time Equivalent (FTE) Formula from the Community and Junior College Support Appropriations Bill 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 enrolled and in attendance on the last day of the sixth week of each semester, or its equivalent, and reside within the state of Mississippi to qualify for funding. In addition to the above allocation, 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” college must be taking the course from another “provider” college. Those semester credit hours being hosted by one college shall receive funding at the weight of 0.75 and those semester credit hours being provided by one college shall receive funding at the weight of 0.25.

All colleges participating in the MSVCC will agree to basic MSVCC Operational Guidelines and sign a Memorandum of Agreement (MOA) with the MCCB that outlines the primary responsibilities of the MCCB and the participating colleges.

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