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SHOW ME THE SHOW ME THE MONEYMONEY
Supporting the Operating Supporting the Operating Costs of a University CenterCosts of a University Center
Presented by Laurie McDowellDistrict Director, Edison University CenterEdison College, Fort Myers, [email protected]/academics/university_center.htm
Historical PerspectiveHistorical Perspective
Edison College (formerly Edison Edison College (formerly Edison Community College) serves Southwest Community College) serves Southwest FloridaFlorida
Campuses in three counties, total credit Campuses in three counties, total credit enrollment over 15,000enrollment over 15,000
Florida Gulf Coast University 12 miles Florida Gulf Coast University 12 miles from Edison College main campus, from Edison College main campus, enrollment over 6,000enrollment over 6,000
A University Center is BornA University Center is Born The Edison University Center The Edison University Center
established at Edison College Fort established at Edison College Fort Myers campus in August 1999Myers campus in August 1999
Second floor of vacant building on Second floor of vacant building on campus remodeled to accommodate campus remodeled to accommodate offices, classroomsoffices, classrooms
Five general classrooms, one computer Five general classrooms, one computer lablab
Offices available for staff of partnering Offices available for staff of partnering institutionsinstitutions
A University Center GrowsA University Center Grows
Moved offices to 1Moved offices to 1stst floor floor in October 2002, to in October 2002, to occupy entire buildingoccupy entire building
Plan to convert vacated Plan to convert vacated 22ndnd floor offices to floor offices to classroomsclassrooms
Total of 14 staff of Total of 14 staff of partnering institutions partnering institutions occupy offices on 1occupy offices on 1stst floorfloor
Three full-time and one Three full-time and one part-time staff of Edison part-time staff of Edison College support centerCollege support center
A University Center GrowsA University Center Grows
Partner institutions Partner institutions using 15-20 using 15-20 classrooms on main classrooms on main campus, two on campus, two on branch campusbranch campus
Nine partnering Nine partnering institutions, over 30 institutions, over 30 degrees (some degrees (some distance-based)distance-based)
Over 530 students Over 530 students enrolled at partnering enrolled at partnering institutionsinstitutions
A University Center is A University Center is Asked to be AccountableAsked to be Accountable
Plan developed to demonstrate Plan developed to demonstrate revenue at least equal to expensesrevenue at least equal to expenses
Direct revenue – user feesDirect revenue – user fees Indirect revenue – tuition and FTE Indirect revenue – tuition and FTE
generated as a result of center generated as a result of center programsprograms
Sources of RevenueSources of Revenue
Direct RevenueDirect Revenue User Fees for Classrooms, OfficesUser Fees for Classrooms, Offices
$10 per square foot for offices$10 per square foot for offices $300 per semester for classrooms$300 per semester for classrooms
Service Fee per Enrolled StudentService Fee per Enrolled Student $40 per student, per semester$40 per student, per semester
Fees Only Charged to Campus Partners, Fees Only Charged to Campus Partners, not Distance Partnersnot Distance Partners
Sources of RevenueSources of Revenue
Indirect Revenue – 3 + 1 ArticulationsIndirect Revenue – 3 + 1 Articulations Tuition and FTE Resulting from Additional Tuition and FTE Resulting from Additional
Edison College courses taken by EUC Edison College courses taken by EUC StudentsStudents
Keep records of students enrolled or pending Keep records of students enrolled or pending enrollment in EUC partner programsenrollment in EUC partner programs
Cross reference each semester with credit Cross reference each semester with credit enrollment at Edison Collegeenrollment at Edison College
Where records match, multiply number of Where records match, multiply number of Edison credits by tuition per creditEdison credits by tuition per credit
Where records match, total Edison credits, Where records match, total Edison credits, divide by 30, multiply by state funding per FTEdivide by 30, multiply by state funding per FTE
Results for FY 2004-2005Results for FY 2004-2005
EUC EUC Operating Operating
Budget Budget $178,085$178,085
Direct Direct Revenue to Revenue to
Date Date $47,593$47,593Indirect
Revenue to Date
$391,266
Breakdown of Direct RevenueBreakdown of Direct Revenue
Annual total for office space @ $10 Annual total for office space @ $10 per square foot - $19,873per square foot - $19,873
Fall and Spring classroom usage @ Fall and Spring classroom usage @ $300 per classroom - $12,000$300 per classroom - $12,000
Fall and Spring service fees for Fall and Spring service fees for enrolled students @ 40 per student - enrolled students @ 40 per student - $15,720$15,720
Breakdown of Indirect RevenueBreakdown of Indirect Revenue
EC credit hours taken by students enrolled EC credit hours taken by students enrolled in partnership programs – 850 x $61.11 in partnership programs – 850 x $61.11 per credit = $51,953per credit = $51,953
FTE for above – 28.33 x $3,168 state FTE FTE for above – 28.33 x $3,168 state FTE funding = $89,749funding = $89,749
EC credit hours taken by students pending EC credit hours taken by students pending enrollment in partnership programs – enrollment in partnership programs – 1,497 x $61.11 per credit = $91,4811,497 x $61.11 per credit = $91,481
FTE for above – 49.9 x $3,168 state FTE FTE for above – 49.9 x $3,168 state FTE funding = $158,083funding = $158,083
ChallengesChallenges
Setting rates for feesSetting rates for fees High enough to raise significant dollars High enough to raise significant dollars
without causing partners to withdrawwithout causing partners to withdraw Establishing methodology for Establishing methodology for
calculating indirect revenue calculating indirect revenue (assumption-based)(assumption-based)
Obtaining enrollment information from Obtaining enrollment information from partnerspartners
Data managementData management
