ANNUAL REPORT 2008 - Jackson School of Geosciences - The ...

GeoFORCE Annual Report 2008
Cost of Operation—2009 and Beyond
The following table shows the cost of operating
GeoFORCE for the next three years, including
the planned expansion of the Houston program
in 2009 to enroll all four classes of students.
The estimates are based on sustaining Geo-
FORCE programs at full capacity in both
Houston and southwest Texas and include an
inflation adjustment of 3 percent per year. Substantial
efforts in 2008 began to increase the
funding base for the program and to prepare
for scholarship needs (not included in the table)
that will occur as GeoFORCE students move
into college programs. Because of the longterm
nature of the program, it would benefit
greatly from receiving major endowment or
multi-year funding from sponsors.
Sources
GeoFORCE Texas
Future Commitments to Date:
2008-09 2009-10 2010-11
AAPG Foundation 10,000 10,000
AEP Texas 25,000
Alcoa 15,000
BP 80,000
Chevron 120,000
ExxonMobil 120,000
Jackson School 485,597 500,165
UT Tuition Waivers 25,000 25,000
Marathon 100,000 50,000
Shell Oil Company 125,000 125,000 125,000
Texas Workforce Commission 100,000
Vulcan Materials Foundation 15,000 15,000
Subtotal Sources 1,220,597 725,165 125,000
Gap Between
Funds Raised &
Required
Funds Raised
1800000
1600000
1400000
1200000
1000000
800000
600000
400000
Total Expenses
Expense Activity
JSG Staff and Admin 350,000 360,500 371,315
Teacher Workshops 20,000 20,600 21,218
MSEA 11th grade academy 35,000 35,000 35,000
FVSU student visits 5,000 5,000 5,000
CDEP transfer scholarships 64,000 64,000 64,000
GeoFORCE Texas 425,000 425,000 425,000
GeoFORCE Houston 624,800 628,154 628,154
Dual-Credit Courses in Geo 100,000 100,000 100,000
Textbooks 25,000 25,000 25,000
Total Expenses 1,648,800 1,663,254 1,674,687
200000
0
08-09 09-10 10-11
Funding Required 428,203 938,089 1,549,687
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