Use of Funds
Educational & General (0010, 0018, 0090)
Sources of Funds:
- State Appropriations
- Formula
- Special Items
- Special Appropriations
- Statutory Tuition
- Statutory Fees
- Miscellaneous Income as defined by Education Code
Uses of Funds:
- Operating budgets
- Salaries
- Maintenance and Operation Budgets
- Utilities
- Special Item budgets
- Instruction
- Research
- Operations
Designated Tuition (0100)
Sources of Funds:
- Designated tuition - set by Board of Regents
Uses of Funds:
- 20% set aside for financial aid
- Operating budgets
- Salaries
- Benefits
- Maintenance and Operation Budgets
- Utilities
Self-supporting Designated
Sources of Funds:
- Fees for services provided
Uses of Funds:
- Operating budgets
- Salaries
- Benefits
- Maintenance and Operation Budgets
Auxiliary Enterprises
Sources of Funds:
- Fees for services provided
Uses of Funds:
- Operating budgets
- Salaries
- Benefits
- Maintenance and Operation Budgets
- Facility Maintenance
- Facility Repair and Replacement
Restricted Funds
Sources of Funds:
- Donations, Contracts or Grants
Uses of Funds.
- Based on donor requirements
Trust Funds
Sources of Funds:
- Trust or Foundation Funds
Uses of Funds:
- Based on donor requirements
Higher Education Assistance Funds (HEAF) (0075)
HEAF resources are allocated to the President and Vice Presidents. HEAF funds can only be spent on E & G capital and E & G facilities. HEAF expenditures are guided by state regulations. HEAF resources are allocated on an annual basis through a formula developed at the Coordinating Board. The formula is modified every 10 years and includes the following factors: program complexity, space utilization, and critical deferred maintenance.
Sources of Funds:
- State Constitutional Appropriation
- Formula allocation controlled by Coordinating Board
Uses of Funds:
- Capital Equipment
- Major Computing Projects
- Facility Replacement and Renewal
Tuition Revenue Bonds (TRB)
Sources of Funds:
- Project approved and recommended by Coordinating Board
- Bonds issued by Texas Tech University System
- Debt service funded in appropriation bill
Uses of Funds:
- Capital projects
- Facilities
- Infrastructure