Nevada_Executive_Budget_2013-2015

TREASURER - HIGHER EDUCATION TUITION ADMIN
603-1081
PROGRAM DESCRIPTION
The Nevada Prepaid Tuition Program, administered by the State Treasurer, provides a variety of program options to prepay future higher education tuition costs at today's lower prices.
NRS 353B.090 Development of Program by Board; regulations. 1. The (College Savings) Board shall develop the Nevada Higher Education Prepaid Tuition Program for the prepayment of
tuition at a guaranteed rate which is established based on the annual actuarial study required pursuant to NRS 353B.190 for undergraduate studies at a university, state college or community
college that is a member of the System. 2. The Board shall adopt regulations for the implementation of the Program, including, without limitation, regulations setting forth requirements for
residency, a limit on the number of qualified beneficiaries, the termination, withdrawal and transfer of money paid into the Trust Fund, the time within which the money paid into the Trust
Fund must be used, and payment schedules. (Added to NRS by 1997, 3484; A 2001, 2163, 2166; 2005, 364)
BASE
This request continues funding for three positions and associated operating costs. One-time expenditures have been eliminated and partial year costs have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
COST ALLOCATION REIMBURSEMENT - D 0 10,394 0 0 0 0
TRANSFER FROM TREASURER 774,297 662,899 594,159 581,679 603,907 591,427
TOTAL RESOURCES: 774,297 673,293 594,159 581,679 603,907 591,427
EXPENDITURES:
PERSONNEL 158,868 168,576 180,023 180,023 186,855 186,855
OUT-OF-STATE TRAVEL 165 703 700 700 700 700
IN-STATE TRAVEL 2,831 3,595 3,595 3,595 3,595 3,595
OPERATING EXPENSES 297,617 305,594 313,361 300,881 316,176 303,696
TECHNOLOGY COST ALLOCATION 25,401 30,518 3,707 3,707 3,218 3,218
INTRA-AGENCY COST ALLOCATION 78,454 91,411 46,386 46,386 46,976 46,976
INFORMATION SERVICES 195,494 58,627 30,920 30,920 30,920 30,920
PURCHASING ASSESSMENT 130 130 130 130 130 130
STATEWIDE COST ALLOCATION PLAN 8,573 8,573 8,573 8,573 8,573 8,573
AG COST ALLOCATION PLAN 6,764 5,566 6,764 6,764 6,764 6,764
TOTAL EXPENDITURES: 774,297 673,293 594,159 581,679 603,907 591,427
TOTAL POSITIONS: 3.00 3.00 3.00 3.00 3.00 3.00
TREASURER'S OFFICE ELECTED - 207
TREASURER - HIGHER EDUCATION TUITION