Funding for the operation of the University is derived from four main sources: general tax revenue, collections made by the University (tuition, etc.), grants and contracts, and donations. The largest segment of the University's budget funding comes from the State of Florida in the Educational and General fund. The beginning of the University's Educational and General funding process takes place annually with the submission of the legislative budget request by the Florida Department of Education (FDOE) University Budget Office for the State University System. This request is prepared by the Chancellor and his staff working with the Universities. It is at this time new budget issues are developed and combined with the continuation and base issues. The House, Senate, and Governor negotiate until they agree on a final appropriation to the State University System.
Following the final appropriation, the FDOE University Budget Office develops an Allocation Document, which details the allocations to each university and documents the funded issues. Base funding sources are also specified at this time.
Operating Budgets for the Universities are prepared in accordance with Section 240.227(3), Florida Statutes. Each University develops its own Operating Budget according to guidelines outlined in a Chancellor's Memorandum and Standard Practice. Following the submission of the Universities Operating Budgets the FDOE University Budget Office prepares a system wide summary which is provided to the Board of Governors, Florida Legislature and for public information.
Appropriated Budgets include the following Budget Entities:
- Educational and General - is funded from State of Florida revenues.
- Incidental Revenue - is funded by Tuition and Fees.
- Enhancement Trust - is funded by Lottery Sales.
- Auxiliary Enterprises - are funded by self-supporting functions.
- Contracts and Grants - are funded by foundations, federal, state and local agencies.
- Student Financial Aid - is funded by individuals and corporations as well as federal, state and local agencies.
- Locally funded Budget Entities include:
- Student Activities and Intercollegiate Athletics - are funded by student fees revenue.
- Concessions - are funded by various vending activities.
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Other Funding:
Fixed Capital Outlay Funds - come from a gross utility receipts tax. These funds are used for the physical development of educational units. They are available for all levels of education. The Universities work with the FDOE University Budget Office to complete a three year prioritized list which is presented to the Legislature each year.
