Table 1 | |
University System of Maryland | |
FY 2005 Current Service Cost Estimates | |
(in millions) | |
Salary Increments for Faculty & Staff | $23 |
Health Insurance & other fringe benefit increases | $13 |
New Facilities Operating & Construction Management Fees | $17 |
Academic Revenue Bond Debt Service | $2 |
Energy cost increases | $4 |
Financial Aid set-aside | $9 |
State Treasurer Insurance increases | $3 |
Operating Inflation, facilities renewal & Non salary expenditures | $8 |
Total USM Current Service Costs* | $80 |
Balancing the Budget | |
Current Services Costs | $80 |
Less Tuition Revenue to cover costs | ($55) |
Regents Effectiveness & Efficiency Targeted Savings | ($17) |
Reductions & Efficiencies yet to be identified | $8 |
* This number does not include costs related to increased enrollment. Potential enrollment of 1,287 FTES is estimated to cost $5.8 million.