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Use of Funds

Educational & General (0010, 0018, 0090)

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Designated Tuition (0100)

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Self-supporting Designated

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Auxiliary Enterprises

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Restricted Funds

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Trust Funds

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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.

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Tuition Revenue Bonds (TRB)

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Use of Funds

  • HEAF Funds

    HEAF funds are designated to be used for construction, major renovations, or to purchase equipment, as well as expenses associated with putting the purchased equipment into service. HEAF is not authorized to be used for operating expenses. There is a $250 per item dollar threshold for equipment purchases.

  • State Funds

    No food, drink, entertainment or floral arrangements from State Funds. For a complete list see OP 14.05.

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