Historical Newspapers of South Carolina

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Spendal By WENDY OGLESBY Gamecock Staff Writer As next year's budget now stands, USC will be getting about $8.1 million more than last year from the state legislature, but will actually have less money to spend, Bernard A. Daetwyler, finance vice president says. USC's budget has been ten tatively approved by the S. C. House of Representitives but is still subject to change until the completed state budget is passed, Daetwyler said. LAST YEAR, the general assembly appropriated $42,983,094 for the university. This year's appropriation is $51,109,890. This budget appears greater on paper, but Daetwyler said that changes in state policy regarding the payment of employes' retirement benefits and indirect cost recoveries will mean an actual decrease in spendable funds. Examples of changes that would make financial losses out of ap parent gums in uie Duaget are: ?A change in bookkeeping procedures that adds almost $6 million to the university's budget produces no real new revenue for the institution, Daetwyler said. THE STATE is going to give USC almost $8 million to pay the employer's share of employes' retirement benefits. Until now, the state had been providing the entire nmuuiu aim WOO HUM OOlIlg U16 bookkeeping, Daetwyler said. USC will have the bookkeeping job now and in addition will have to begin raising one-fifth of the What you should know about diamonds: OD36827 TENDERLY Clarity A flawless diamond is extremely rare. Most di amonds contain natural imperfections or "inclusions"?tiny crystals of carbon or bubbles of gas from millions of years ago. ArtCarved diamonds are selected for their clarity and brilliance. Any slight "inclusions" that may be present are discernible only under,ten power magnification. cylrt Carved frnm the mftktrt of I #no? China A Cry*t?l 1 tyield'b C%mldU> Locally owned and operated 10 per cent discounts to USC students. X ble funds amount, he said. This will cost the university $619,000. -Overhead and indirect cost recoveries have added $890,500 to the university's budget. ' "Cost recoveries are a classic example of now-you-see-it-nowyou-don't-funds," Daetwyler said. This is money the federal government gives USC to pay for indirect costs such as heat and lighting used in research projects. Up to this time, USC has been receiving the money directly from the federal government. This money served as additional funds to those received from the state. The state is now taking those funds from USC and giving them back as budgeted money. This effectively reduces the university's revenues by $426,128, Daetwyler said. Your c B. luur 7% them I and It Wh qua w There'; R W our be< Pabst i like Pa tasting PABJ ?1977 PASS 3 decreas In addition to state funds, USC will receive about $10 million from other revenue sources, mainly student fees. Of the state funds, $1,743,917 is for the USC Medical School. Last year $807,158 was appropriated for the school. The appropriations bill budgets $2,651 for each full-time equivalent student at USC. The full-time equivalent figure for each student to fin.. "J I... ** - ' io iigiuou vy h mauiemaucai formula which divides the total credit hours in the graduate school by 9 and those in the undergraduate schools by fifteen. Daetwyler said this sum is not spent uniformly over all USC departments. IT COSTS MORE to educate in some disciplines than in others, he said, and some departments may TT nam thalltnga Is to discover words of ] itters In this pentagon. Discover I oy following tn? straight linos to i om ths Isttors, forming words as < 3\ 1 ^? I?J\ en there's a chall llty makes the di e hope you have some fun with s another challenge we'd like t le Pabst challenge: e welcome the chance to provi sr. We challenge you to taste ai 3lue Ribbon to any other premi bst better. Blue Ribbon quality beer you can get. Since 1844 i >T Since 1844.The qu< r BflEWVNOCOMPANY M.lwmukM Wl? Peoria Itaighu III Ne ted in bu spend more or less than this standard sum on individual students. The size of a department also determines how much it receives in funds. Daetwyler said the three largest USC colleges, business administration, humanities, and education, would probably receive the most in funds. USC is not forced by the budget to spend a particular amount on any department. The budget groups all departmental funds under the instructional grouping, and the USC administration controls the amount which departments receive. More than half of the university's budget goes to instruction, which consists mainly of faculty salaries. The budget allots $26,629,043 for this purpose. ae r?u yu. www may not um two of Vh? sa Iters in-any on* word.If you can mi SO words or mora, you'va mat 1 :hallange. w \ enge, fference. i the challenge. BjBtfii o offer you, too. VjncS n *U ? I!' ? a uiu quality OT nd compare ^ um beer. You'll 1 means the best 1 t always has. ility has always come M*fk N J lot An??(e? C*li< P?b?l Geotgia dget "Cost recoveries are 9 a classic example of now-you-see-itnow you-don't funds." -Bernard A. Daetwyler Gfe ma k? th? J . through.