Fiscal Year 2004 Funding Guideline Calculation

Step 5 - Calculate Funding Guideline and Attainment

 

Fiscal Year 2004

Average Funding Per Peer Institution AFTES

$21,753

Adjusted Full-Time Equivalent Enrollment (MHEC)

12,253

Total Funding Guideline Obligation

$266,539,509

Less: Estimated Tuition and Fee Revenue*

($52,941,730)

Fiscal 2004 State Appropriation Funding Guideline

$211,267,779

Fiscal 2004 Governor's Allowance State Appropriation

$141,678,389

Percent of Funding Guideline Attained

66%

* Does not include $2.3 million of additional revenue from Spring 2003 5% tuition surcharge. Attainment would be 67% if this revenue is included.

Source: University System of Maryland Office