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| Community Budget Issue Requests - Tracking Id #443 |
| New College of Florida, Freeing Private Funding to Address College Enhancement Needs |
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| Requester: |
Dr. Mike Michalson |
Organization: |
New College of Florida |
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| Project Title: |
New College of Florida, Freeing Private Funding to Address College Enhancement Needs |
Date Submitted |
1/13/2003 3:19:50 PM |
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| Sponsors: |
Bennett |
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| Statewide Interest: |
| NCF is the state's Honors College, serving Florida's best and brightest students. It is nationally recognized for its high quality and low costs. |
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| Recipient: |
New College of Florida |
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Contact: |
Dr. Mike Michalson |
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5700 N. Tamiami Trail |
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Contact Phone: |
(941) 359-4310 |
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Sarasota 342432197 |
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| Counties: |
Sarasota |
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| Gov't Entity: |
Yes |
Private Organization (Profit/Not for Profit): |
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| Project Description: |
| Since the 1975 merger of the private New College with the State University System, the New College Foundation has been required to provide an annual contribution to the College's operating base budget. Since 1989, this contribution has totaled $720,050 annually. New College is the only member of the State University System saddled with such a requirement.
Successful private fundraising for New College depends heavily upon assuring private donors that private funds are used strictly for enhancement purposes, above and beyond base operating needs that are typically funded by the State. This request seeks a recurring appropriation from the State, totaling $720,000 annually, to be added to the College's base operating budget for use in funding faculty salaries. In return, the New College Foundation will redirect its $720,000 to College enhancement initiatives above and beyond base operating needs. |
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| Is this a water project as described in Chapter 2002-291, Laws of Florida? |
No |
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| Measurable Outcome Anticipated: |
| Enhanced educational quality. |
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| Amount requested from the State for this project this year: |
$720,000 |
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| Total cost of the project: |
$720,000 |
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| Request has been made to fund: |
Operations |
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| What type of match exists for this project? |
Private |
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Cash Amount |
$720,000 |
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| Was this project previously funded by the state? |
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No |
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| Is future-year funding likely to be requested? |
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Yes |
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Amount: |
$720,000 |
To Fund: |
Operations |
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| Was this project included in an Agency's Budget Request? |
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No |
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| Was this project included in the Governor's Recommended Budget? |
Unknown |
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| Is there a documented need for this project? |
No |
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| Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? |
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Yes |
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Hearing Body: |
Sarasota County Loca;l Delegation Meeting |
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Hearing Meeting Date: |
12/18/2002 |
