(Doc Name h:\legwork\house\amend\h-wm\001\che data reporting.docx):
EXPLANATION: add new proviso to require all public colleges to sumbit certain data to che
Amend the bill, as and if amended, Part IB, Section 11,
COMMISSION ON HIGHER EDUCATION, page 339, after line 35, by
adding an appropriately numbered paragraph to read:
/ (CHE: Enrollment and Financial Data Submission) Each
public institution of higher education shall submit the
following information directly into the Commission on Higher
Education Management Information System (CHEMIS) by November 1,
2018:
(1) The total
amount paid by each student, and amount of any deviation from
the "sticker price" itemized in the following
categories:
(A)
Net tuition paid (out-of-pocket by student)
(B)
Abatement received
(C)
Waiver received
(D)
Institutional scholarship received
(E)
State grant received (i.e. lottery scholarship,
need-based, etc.)
(F)
Federal grant received (i.e. Pell grant, etc.)
(G)
Assistantships, awards/grants to reduce cost of
room and board
(H)
Breakdown of all fees charged
(I)
Expected family contribution (reported in
FAFSA)
(2) Household
income per student (if such information is collected)
(3)
Pre-enrollment income (if such information is
collected)
(4)
Electronically upload information from Consolidated Annual
Financial Reports (CAFRs), from 2013 to present
(5) Debt related
items:
(A)
Data and reports received from credit rating
agencies;
(B)
Amortization schedule for debt over the next 5
years
(6) Leases:
(A)
Total number of capital lease obligations of the
institution
(B)
Beginning and end date of each capital lease
(C)
Underlying book value of each capital lease
(D)
Total Annual capital lease payments of the
institution
(7) Five-Year
projected increases (decreases) in:
(A)
Fringe benefits, including healthcare spending
(B)
Enrollments (in-state, out-of-state,
undergraduates, graduates)
(C)
Net tuition revenue, spending on abatements
(8) Capital
Projects
Cost estimate
of projects, status, anticipated end date, changes to timeline
and budget, a five-year timeline for future projects
The University of South Carolina
shall report all financial information, including CAFR
information, for USC-Aiken, USC-Beaufort, USC-Lancaster,
USC-Salkehatchie, USC-Sumter, USC-Upstate and USC-Union
separately from financial information reported for
USC-Columbia./
Renumber sections to conform.
Amend totals and titles to conform.