Connecticut General Statutes 10a-8d – Board of Regents for Higher Education: Report re allocation of funds
Not later than January 1, 2022, and annually thereafter, the Board of Regents for Higher Education shall submit a report, in accordance with the provisions of section 11-4a, to the joint standing committees of the General Assembly having cognizance of matters relating to higher education and appropriations and the budgets of state agencies. Such report shall include: (1) The methods used to allocate the current fiscal year‘s General Fund block grants to institutions, and the resulting total amount each institution will receive over the fiscal year; (2) for the prior fiscal year, the amount of non-General Fund revenues transferred from each institution to the system office for any purpose, including the methods used to determine the transferred amounts and a description of each such purpose; and (3) a list of institutional staff or faculty that were temporarily stationed at the system office or reassigned new duties at the system office during the prior fiscal year, including the following information for each staff or faculty member: (A) Title at the institution and at the system office, (B) system office duties, (C) cumulative length of time stationed at or reassigned to the system office, and (D) in which budget, institutional or system office, the person’s personal services costs were accounted.
Terms Used In Connecticut General Statutes 10a-8d
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.