FLORIDA COMMUNITY COLLEGE SYSTEM
Student Financial Aid Fee Report
For Fiscal Year 2001-2002
CREDIT PROGRAMS:
All twenty-eight colleges collected the 5 percent financial aid fee. Total amount collected: $15.9 million
.
Nine colleges at which the 5 percent fee generated less than $250,000 elected to charge the additional 2 percent fee.
Total amount collected: $440,370.
Four colleges exercised the authority provided in the statue to transfer a total of $373,767 from the general current fund.
Funds carried forward from previous years provided an additional $2.7 million for awards in fiscal year 2001-2002.
Interest and other earnings generated from financial aid fees provided an additional $238,002.
The total funds available for awards totaled $19.6 million.
$4.0 million was set aside to carry forward for awards in the 2002-2003 fiscal year. One college reportedly carried over more than the 40 percent
maximum allowable limitation for fees as set-forth in Section 1009.23(8)(b), formerly Section 240.35(11)(b), Florida Statutes. However, this
college has subsequently reported a complete liquidation of these fees in fiscal year 2002-2003.
A grand total of $15.6 million was used for awards in fiscal year 2001-2002.
The colleges expended 78.8 percent of the balance of their funds after categorical distributions (which includes academic merit, athletics, public
service, cultural arts and other extracurricular programs) to provide financial aid based on absolute need (Section 1009.23 (8)(c), formerly
Section 240.35(11)(c), Florida Statutes requires a minimum of 75 percent).
WORKFORCE CERTIFICATE PROGRAMS:
Fifteen colleges collected financial aid fees from students enrolled in workforce development programs. Fees collected for fiscal year 2001-2002
totaled $794,484. Interest earned from workforce funds totaled $13,025. A total of $1.4 million was available which includes fees collected for
the current year and amounts from prior years. No requirements are placed on these funds except that they must be used to support students
enrolled in workforce development programs.
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FLORIDA COMMUNITY COLLEGE SYSTEM
Student Financial Aid Fee Report
For Fiscal Year 2001-2002
PERCENTAGE
OF AWARD
NUMBER
PERCENTAGE
CATEGORY
BASE
REMAINDER
BY TOTAL
OF AWARDS OF AWARD BY
OF AWARD
AMOUNT
AMOUNT
TOTAL
AMOUNT
GRANTED
NUMBER
ACADEMIC MERIT
$1,895,191
$1,141,841
$3,037,032
19.4%
3,107
14.5%
ATHLETICS 3,178,030
0
3,178,030
20.3%
1,747
8.2%
PUBLIC SERVICE
186,002
0
186,002
1.2%
249
1.2%
CULTURAL ARTS
787,294
0
787,294
5.0%
954
4.5%
OTHER
EXTRACURRICULAR 635,705
0
635,705
4.1%
899
4.2%
FINANCIAL AID
BASED ON:
ABSOLUTE NEED
7,093,508
0
7,093,508
45.4%
13,225
61.9%
OTHER NEED
0
955
955
0.0%
4
0.0%
OTHER PURPOSES
0
718,219
718,219
4.6%
1,190
5.6%
TOTAL $13,775,730
$1,861,015
$15,636,745
100%
21,375
100%
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FLORIDA COMMUNITY COLLEGE SYSTEM
Student Financial Aid Fee Report
For Fiscal Year 2001-2002
AMOUNT
TOTAL
TRANS-
BROUGHT
FUNDS
AMOUNT
FUNDS
FINANCIAL ADDITIONAL
FERRED
FORWARD BROUGHT
SET-ASIDE
USED
AID 2
FROM
FROM
FROM
TOTAL FOR
FOR
FEES
PERCENT
GENERAL
PRIOR
ENDOW-
INTEREST OTHER
FUNDS
AWARDS IN
AWARDS IN
COLLECTED
FEES
FUND
YEAR
MENTS
EARNED EARNING AVAILABLE 2002-2003 TO 2001-2002
CREDIT
PROGRAMS:
$15,851,256 $440,370
$373,767
$2,741,024
$0
$238,002 $5,805 $19,650,224
$4,013,480
$15,636,744
WORKFORCE
CERTIFICATE
PROGRAMS:
$794,484 N/A
N/A
$638,208
N/A
$13,025 $0
$1,445,717
$727,979
$717,738
TOTALS
$16,645,740 $440,370
$373,767
$3,379,232
$0
$251,027 $5,805 $21,095,941
$4,741,459
$16,354,482
N/A = This type fee collection is not applicable to the Workforce Certificate
Program.
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