Operating Finance Report For Illinois Public Community Colleges

Author : Illinois Community Coll. Board, Springfield
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (16 download)

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Download or read book Fiscal Year 2004 Unit Cost Report for the Illinois Public Community Colleges written by Illinois Community Coll. Board, Springfield and published by . This book was released on 2005 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Unit Cost Study is an annual project involving the direct participation of all public community colleges in Illinois. Each college submits basic data on course offerings, enrollments, and costs to the Illinois Community College Board staff, who in turn check the data for consistency with credit hour claims and financial reports and then compile the various reports of the Unit Cost Study. The Unit Cost Study also provides the basic cost information for determining the credit hour grant rates that are the basis for state financial support to public community colleges. Cost data submitted consists of end-of-year unaudited financial data. A separate report is submitted after the completion of the audited annual financial statements reconciling unit cost data to audited data. The Unit Cost Study consists of basic enrollment and cost data. Direct instructional cost data are supplied by each college for each instructional area offered. These data include midterm enrollments in student semester credit hours; costs for direct instructional salaries; direct departmental costs, such as contractual services, supplies, travel, and equipment; and direct instructional equipment costs. Finally, a report is included in Appendix B which lists the fiscal year 2004 statewide average net instructional unit cost by instructional subject area designated by the program classification system (PCS) codes and six-digit Classification of Instructional Program (CIP) codes for all public community colleges in Illinois. This report details the cost per student semester credit hour by each cost category for each instructional subject area and is similar to detailed reports showing the unit cost and total cost by instructional subject area previously produced for each community college. This report divides into five sections: (I) Comparison of Fiscal Year 2004 Net Instructional Unit Cost with Previous Years; (II) Fiscal Year 2004 Net Instructional Unit Cost, Full Instructional Unit Cost, and Total Institutional Unit Cost; (III) Fiscal Year 2004 Net Instructional Unit Cost; (IV) Fiscal Year 2004 Indirect Instructional Support Unit Cost; and (V) Fiscal Year 2004 Net Instructional Unit Cost by Fundable Instructional Categories. Appendix A contains: Total Expenditures Reports, while Appendix B contains: State Summary of Net Instructional Unit Cost Per Credit Hour by PCS/CIP. This unit cost study found that the fiscal year 2004 state average net instructional unit cost in the public community college system in Illinois was $193.16, representing an increase of $2.07 (1.1 percent) from the fiscal year 2003 state average of $191.09. (Contains 13 tables.).