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Fiscal Affairs

The Fiscal Affairs division is charged with the coordination and execution of higher education fiscal policy in the state and the Commission’s business and finance activities.

 

The division develops the funding formulae, which recommends fair and equitable funding among the public higher education institutions of Tennessee. Fiscal Affairs prepares, for Commission consideration, the annual appropriation recommendations. These recommendations outline operating, capital outlay, capital maintenance programs and campus master plans and affect funding for the University of Tennessee and Tennessee Board of Regents Systems.

 

Additionally, the Fiscal Affairs division maintains a system of financial accounting and reporting for the state's public higher education institutions. Along with making tuition and fee recommendations to the two systems, Fiscal Affairs conducts reviews and analysis of financial issues, supervises the review and presentation of higher education operating budgets and staffs the THEC Committee on Fiscal Affairs.

 

Fiscal Affairs coordinates and prepares appropriation recommendations for the Tennessee Student Assistance Corporation, and operating funds for the Tennessee Foreign Language Institute, and the Commission. The division also manages allotments and prepares recommendations for Tuition Discount and Fee Waiver, Contract Education, and Harold Love Community Service Awards programs.

 

  • Fiscal Analysis
  • Facilities Planning
  • Outcomes Based Funding Formula
  • Formula Review Committee

Note: In order to view the files on this page, which are in PDF and Excel format, the following programs may need to be downloaded and installed.

Adobe Acrobat Reader - PDF Viewer

Microsoft Excel Viewer

 

Appropriations

2014-15 Operating Appropriations - Legislative Action (PDF File)

 

Tuition Model

THEC has developed a tuition model as a tool to project undergraduate resident tuition rates for a five-year period. Below are links to the tuition model and a document that introduces and briefly describes its development and potential use. The model format is a Microsoft Excel File that allows the user to set a series of fiscal assumptions, including anticipated state appropriations growth and enrollment changes, which then calculates a projected tuition level.

 

 

Student Tuition and Fees, 2014-15

The Student Tuition and Fees document contains all tuition and fee charges including in-state and out-of-state tuition for all undergraduate and graduate students for each institution.

Student Tuition and Fees (PDF File)

 

Grapevine Appropriation Data, 2002-03 to 2012-13

The Grapevine National State Appropriation Data reports on total state effort for higher education, including tax appropriations for universities, colleges, community colleges, and state higher education agencies.

Grapevine Appropriation Data (PDF File)

 

Total Student Support History

Total Student Support History per FTE is the historical total state appropriations plus student tuition and fees per FTE by sector (university and community college), nominal and adjusted for inflation.

Student Support per FTE, 2003-04 to 2013-14 (PDF File)

 

Total Student Support History per Award is the historical total state appropriations plus student tuition and fees per award at the university sector, nominal and adjusted for inflation.
Student Support per Award, 2002-03 to 2012-13 (PDF File)


 

Capital Projects, 2014-15

Capital Projects (PDF File)

 

The overall goal of the Facilities Planning area of the Tennessee Higher Education Commission is to provide physical facilities that enable each institution to provide a quality educational atmosphere to fulfill their role and mission. This goal is accomplished through our annual recommendation for the funding of projects in two programs: capital outlay and capital maintenance.

 

Capital outlay projects utilize state funding in whole or in part. They include new facilities or additions required by enrollments or significant changes in programmatic requirements; major renovations which change the function, use or capacity of existing space; major expansions or conversions of central energy plants; and major renovation projects which upgrade or appreciably extend the life of an existing facility.

The capital maintenance projects recommended each year provide a multi-year commitment to protect the integrity of the building structures or bring the equipment or systems in the buildings into compliance with current federal, state and local standards.

 

Each year, in the fall, both governing boards send requests for capital outlay and capital maintenance funding to THEC. These two prioritized lists are then combined to form Higher Education's capital recommendations for consideration by the Governor.

 

THEC is also involved in monitoring and approving land purchase plans, campus master plans, and lease arrangements negotiated by the campuses. These activities involve communication with the State Building Commission members and staff, the Department of Finance and Administration Budget staff, and the facilities representatives from the two systems.

 

In addition, the THEC staff maintains a Physical Facilities Inventory to track the total available square footage of Educational & General (E&G) space on each campus. This E&G square footage data is critical to many aspects of the funding formula. The data derived from this system is useful in formulating decisions on space allocation, capital funding needs, maintenance & operation funding, utility funding, and intensity of use factors.


Reports

"'Higher Education Capital Funding and the Tennessee State School Bond Report' for the Tennessee State School Bond Authority" (PDF File)

2010 Outcomes Based Funding Formula Model Presentation

The Complete College Tennessee Act of 2010 includes a provision for an outcomes-based funding formula model. THEC, in conjunction with UT, TBR and state government representatives, will develop the model to be used for the 2011-12 budget cycle.

 

This Powerpoint presentation offers insight into the outcomes-based model concept and the ways it differs from the current funding formula. Please direct any questions to Russ Deaton at 615-741-3605 or russ.deaton@tn.gov.

 

Dynamic Outcomes Funding Formula

The Complete College Tennessee Act of 2010 includes a provision for an outcomes-based funding formula model. THEC, in conjunction with UT, TBR and state government representatives, will develop the model to be used for the 2011-12 budget cycle. The Formula Review Committee (FRC) will recommend changes to the calculations and design of the formula model that reflect the new Master Plan. The funding formula should provide incentives to institutions that reinforce the policy objectives of the Master Plan.

 

Formula Review Committee