1. SHOW ME THE MONEY Supporting the Operating Costs of a University Center Presented by Laurie McDowell District Director, Edison University Center Edison College, Fort Myers, FL 239-489-9012 lmcdowell@edison.edu www.edison.edu/academics/university_center.htm

2. Historical Perspective Edison College (formerly Edison Community College) serves Southwest Florida Edison College (formerly Edison Community College) serves Southwest Florida Campuses in three counties, total credit enrollment over 15,000 Campuses in three counties, total credit enrollment over 15,000 Florida Gulf Coast University 12 miles from Edison College main campus, enrollment over 6,000 Florida Gulf Coast University 12 miles from Edison College main campus, enrollment over 6,000

3. A University Center is Born The Edison University Center established at Edison College Fort Myers campus in August 1999 The Edison University Center established at Edison College Fort Myers campus in August 1999 Second floor of vacant building on campus remodeled to accommodate offices, classrooms Second floor of vacant building on campus remodeled to accommodate offices, classrooms Five general classrooms, one computer lab Five general classrooms, one computer lab Offices available for staff of partnering institutions Offices available for staff of partnering institutions

4. A University Center Grows Moved offices to 1 st floor in October 2002, to occupy entire building Moved offices to 1 st floor in October 2002, to occupy entire building Plan to convert vacated 2 nd floor offices to classrooms Plan to convert vacated 2 nd floor offices to classrooms Total of 14 staff of partnering institutions occupy offices on 1 st floor Total of 14 staff of partnering institutions occupy offices on 1 st floor Three full-time and one part-time staff of Edison College support center Three full-time and one part-time staff of Edison College support center

5. A University Center Grows Partner institutions using 15-20 classrooms on main campus, two on branch campus Partner institutions using 15-20 classrooms on main campus, two on branch campus Nine partnering institutions, over 30 degrees (some distance- based) Nine partnering institutions, over 30 degrees (some distance- based) Over 530 students enrolled at partnering institutions Over 530 students enrolled at partnering institutions

6. A University Center is Asked to be Accountable Plan developed to demonstrate revenue at least equal to expenses Plan developed to demonstrate revenue at least equal to expenses Direct revenue – user fees Direct revenue – user fees Indirect revenue – tuition and FTE generated as a result of center programs Indirect revenue – tuition and FTE generated as a result of center programs

7. Sources of Revenue Direct Revenue Direct Revenue User Fees for Classrooms, Offices User 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 Student Service Fee per Enrolled Student $40 per student, per semester $40 per student, per semester Fees Only Charged to Campus Partners, not Distance Partners Fees Only Charged to Campus Partners, not Distance Partners

8. Sources of Revenue Indirect Revenue – 3 + 1 Articulations Indirect Revenue – 3 + 1 Articulations Tuition and FTE Resulting from Additional Edison College courses taken by EUC Students Tuition and FTE Resulting from Additional Edison College courses taken by EUC Students Keep records of students enrolled or pending enrollment in EUC partner programs Keep records of students enrolled or pending enrollment in EUC partner programs Cross reference each semester with credit enrollment at Edison College Cross reference each semester with credit enrollment at Edison College Where records match, multiply number of Edison credits by tuition per credit Where records match, multiply number of Edison credits by tuition per credit Where records match, total Edison credits, divide by 30, multiply by state funding per FTE Where records match, total Edison credits, divide by 30, multiply by state funding per FTE

9. Results for FY 2004-2005 EUC Operating Budget $178,085 Direct Revenue to Date $47,593 Indirect Revenue to Date $391,266

10. Breakdown of Direct Revenue Annual total for office space @ $10 per square foot - $19,873 Annual total for office space @ $10 per square foot - $19,873 Fall and Spring classroom usage @ $300 per classroom - $12,000 Fall and Spring classroom usage @ $300 per classroom - $12,000 Fall and Spring service fees for enrolled students @ 40 per student - $15,720 Fall and Spring service fees for enrolled students @ 40 per student - $15,720

11. Breakdown of Indirect Revenue EC credit hours taken by students enrolled in partnership programs – 850 x $61.11 per credit = $51,953 EC credit hours taken by students enrolled in partnership programs – 850 x $61.11 per credit = $51,953 FTE for above – 28.33 x $3,168 state FTE funding = $89,749 FTE for above – 28.33 x $3,168 state FTE funding = $89,749 EC credit hours taken by students pending enrollment in partnership programs – 1,497 x $61.11 per credit = $91,481 EC credit hours taken by students pending enrollment in partnership programs – 1,497 x $61.11 per credit = $91,481 FTE for above – 49.9 x $3,168 state FTE funding = $158,083 FTE for above – 49.9 x $3,168 state FTE funding = $158,083

12. Challenges Setting rates for fees Setting rates for fees High enough to raise significant dollars without causing partners to withdraw High enough to raise significant dollars without causing partners to withdraw Establishing methodology for calculating indirect revenue (assumption-based) Establishing methodology for calculating indirect revenue (assumption-based) Obtaining enrollment information from partners Obtaining enrollment information from partners Data management Data management