Þ 2004-05 SMC funding per Full-Time Equivalent Students = $3540 ranking = 72 (Before receiving Equalization) Þ 2005-06 SMC funding per Full-Time Equivalent Students = $4033 ranking = 6 (After receiving Equalization money for two years) Þ Equalization received by SMC for 2004-05 = $3,607,904 Þ Equalization received by SMC for 2005-06 = $951,769 Additional Þ Total Equalization received over two years = 2*3,607,904 + $951,769 = $8,167,577 Þ Fall 2002 Full-Time Faculty = 337 Administrators = 47 Þ 1 Administrator per 7.17 Faculty Þ As of 3/28/06 Full-Time Faculty = 311 Administrators = 46 Þ 1 Administrator per 6.76 Faculty Þ Fall 2002 Percentage of FTEF attributed to Full-Time Faculty = 56.5% Þ Fall 2005 Percentage of FTEF attributed to Full-Time Faculty = 49.64% Þ 2002-03 Faculty salary = 46.6% of total expenditure unrestricted ( Actual figures) Þ 2005-06 Faculty salary = 44.7% of total expenditure unrestricted ( Projected figures) Þ COLA 2004-05 = 2.41% $1,864,271 Þ PFE 2004-05 $3,661,884 Þ Equalization 2004-05 $3,607,904 Þ COLA 2005-06 = 4.23% $3,688,212 Þ PFE 2005-06 $614,476 Additional Þ Equalization $951,769 Additional Þ Prior year adjustment $812,352 |