How was the $39 per-FTE TIF charge derived?
• The per-FTE TIF charge will be determined prior to each fiscal year by dividing the total anticipated TIF costs by the historic FTE-employee count. For FY 06/07, $12,960,000 was divided by the FTE-employee count of 27,700, resulting in a monthly charge per FTE of $39.00, effective July 1, 2006. (In planning for the FY 06/07 budget, a projected FTE base of 27,700 was used based on historical data from the Office of Academic Planning and Budget.) • Each FAU will be charged monthly based on the actual partial and full-time FTE associated with the unit, multiplied by the TIF monthly rate.
