| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | |
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1 | Graduate Student Government Approved FY24 Budget | |||||||||||||||||||||||
2 | FY23 | FY23 Online Average | FY23 In Person Average | FY23 total (FY24 assumed total) | ||||||||||||||||||||
3 | # of Students per Semester: | 19469.5 | 6,373.00 | 23,682.50 | 30,055.50 | Estimate of fee-paying students per semester. Total enrollment taken from the prior Academic Year. | ||||||||||||||||||
4 | Student Programming Fee | $43.00 | $20.00 | $40.00 | For FY24, $40 is charged to all in person graduate students and $20 is charged to those in online programs. | |||||||||||||||||||
5 | Line Item | % of Total | ||||||||||||||||||||||
6 | Guaranteed Income | |||||||||||||||||||||||
7 | Initial Fee Income | $1,960,560.00 | $2,149,520.00 | The fee is calculated by multiplying the number of anticipated students (provided to GSG by the Office of Student Affairs) by the Student Programming Fee amount per semester (2). | ||||||||||||||||||||
8 | Total Income | $1,960,560.00 | $2,149,520.00 | |||||||||||||||||||||
9 | Potential Income | |||||||||||||||||||||||
10 | Corrected Fee Income | $0.00 | $0.00 | Because the initial fee income is from the student population from the prior Academic Year, this additional transfer represents that fee income generated from the actual, final student population numbers counted 8 weeks into the current year's Spring semester. | ||||||||||||||||||||
11 | Programming Team Income | -- | -- | Income generated by ticket sales for internal GSG Programming events. | ||||||||||||||||||||
12 | Total Potential Added Income | $0.00 | $0.00 | |||||||||||||||||||||
13 | Total Income | $1,960,560.00 | $2,149,520.00 | |||||||||||||||||||||
14 | ||||||||||||||||||||||||
15 | Overseen by | Payment Type | ||||||||||||||||||||||
16 | Direct Transfer to 22-0515-9571: Recreation Club Council (RCC) | |||||||||||||||||||||||
17 | Recreation Club Fees | $12,000.00 | 0.61% | $12,000.00 | 0.56% | This fee provides funds for undergrad and grad club sports at USC. Students still pay a fee to participate in sports, but this fee is paid directly to Rec Sports, who distributes to the clubs as well. This fee is requested by Rec Sports each year. | Direct Transfer | |||||||||||||||||
18 | Total: | $12,000.00 | 0.61% | $12,000.00 | 0.56% | |||||||||||||||||||
19 | PG1018942: GSG Stipend/Wages Account | Hourly Rate 2021-2022 | Hourly Rate 2022-2023 | |||||||||||||||||||||
20 | Student Worker | $21,280.00 | 1.13% | $48,640.00 | 2.26% | This expense covers the finance interns and other studnet workers for the year. For FY 23 calculated as (mean hourly rate * 20 hr/wk * 14 wk/sem * 2 sem * 2 interns). For FY 24 calculated as (mean hourly rate * 20 hr/wk * 16 wk/sem * 2 sem * 4 interns) | Finance | $15.00 | $19.00 | |||||||||||||||
21 | Webmaster | $2,660.00 | 0.14% | $2,660.00 | 0.12% | This expense covers a webmaster position for the year, calculated at (mean hourly wage * 5hr/wk * 16wk/sem * 2 sem). Increase from 3 hr/wk to account for more management of Knack platform. | Operations/President | 2021-2022 Tuition Rate | Estimated 2022-2023 | Estimated 2023-24 | ||||||||||||||
22 | GSG Board Stipends | $275,132.00 | 14.64% | $291,720.00 | 13.57% | These stipends are for graduate students at UPC and HSC campuses on the Executive Board. This is calculated as unit cost * 2 units * 2 semesters * number of directors, unit cost * 3 units * 2 semesters * 3 for Vice Presidents, and unit cost * 4 units * 2 semesters * 2 for President and SVP. FY22 accounts for 29 executive positions. FY23 accounts for 24 directors, 3 VPs, President, and SVP, and an anticipated estimate 4% increase in USC tuition. | Operations/President | $2,035 | $2,116 | $2,244 | ||||||||||||||
23 | GSG Summer Stipends | $21,000.00 | 1.12% | $21,000.00 | 0.98% | These stipends are for summer payment of the up to 8 units of work across different executive board positions to account for work done over the summer while general board stipends are not being paid. This is so that directors can work on projects regarding GSG structural improvements and creation of reports relating to GSG operations. $7000 is taken from each of the Administration, Advocacy, and Programming teams and if the entire fund is not used it will be reallocated back to those branches. This funding has been consistently taken out of branch budgets in previous years, but is now being accounted for as its own line item in the interest of transparency. | Operations/President | |||||||||||||||||
24 | Total: | $320,072.00 | 17.03% | $364,020.00 | 16.93% | |||||||||||||||||||
25 | PG1018938: General Operations | |||||||||||||||||||||||
26 | Memberships | |||||||||||||||||||||||
27 | NAGPS Membership | $515.00 | 0.03% | $515.00 | 0.02% | This is the annual membership fee for National Association of Graduate-Professional students, an organization for grad student advocacy. Benefits of membership and events are available for all USC graduate students. GSG pays to finance@nagps.org or www.nagps.org. | Director of External Affairs | PCard | ||||||||||||||||
28 | External Programs | |||||||||||||||||||||||
29 | Campus Activities | $25,000.00 | 1.28% | $25,000.00 | 1.16% | This fund is transferred to Campus Activities each year to support school-wide programs that are heavily attended by graduate students, including Late Night SC, Conquest, leadership programs, etc. | Operations | IR | ||||||||||||||||
30 | Program Board | $50,000.00 | 2.55% | $40,000.00 | 1.86% | This amount is transferred to Program Board (under USG) each year. In order to benefit the largest number of graduate students, a large chunk (~$15,000) goes to ISA (the International Student Assembly), under which many cultural and ethnic organizations that have both undergrad and grad membership receive funding. $5,000 is given to the Speakers Committee, which brings speakers that graduate students have often been interested in (Neil Degrasse Tyson, Bill Maher, etc.). The remainder goes to Concerts Committee. The increase from FY21 to FY22 accounts for a long overdue request by USG that GSG increase its annual contribution due to the rising cost of events. | Operations | IR | ||||||||||||||||
31 | USC Volunteer Center | $5,000.00 | 0.26% | $7,000.00 | 0.33% | This funding will go to the Volunteer Center to help run the Friends and Neighbors Days program in which USC students work with Los Angeles based service organizations. These service days occur 1-3 days per month throughout the academic year, and historically graduate students make up a significant portion of participants. | VP Advocacy | IR | ||||||||||||||||
32 | Student Basic Needs | $0.00 | 0.00% | $10,000.00 | 0.47% | Funding to assist Student Basic Needs office with programs designed to support students experiencing food, housing, and other financial insecurity. | VP Advocacy | IR | ||||||||||||||||
33 | ||||||||||||||||||||||||
34 | Legal Services Fee | $10,000.00 | 0.53% | $20,000.00 | 0.93% | This fee pays for a semester of free legal services for undergrads and grads. USG covers the fee for the other semester. | Operations | PO | ||||||||||||||||
35 | Caretake Subsidy Fund | $144,000.00 | 7.66% | $162,000.00 | 7.54% | This fund was calculated as 80 $1800 grants for FY23 plus rejuvination of the fund throughout the year. For FY24 it is calculated at 90 $1800 grants. Applications are accepted and reviewed on a rolling basis throughout the year and classified as either Fall (July - December) or Spring (January - June). Applicants may receive up to $1800 per grant. Applicants may receive only one grant per semester but may receive up to two grants per academic year for a maximum total of $3600. | Director of Grants | DVQE | $109,515.00 | 5.09% | ||||||||||||||
36 | Emergency Fund | $67,557.50 | 3.60% | $120,222.00 | 5.59% | This fund is calculated as $2.50 per student for FY23 and $4 per student for FY24. Applications are accepted and reviewed on a rolling basis throughout the year and classified as either Fall (July - December) or Spring (January - June). Applicants may receive up to $1000 per grant. Applicants may receive multiple grants per academic year for a maximum total of $1000. The fund has expanded to cover any crisis that has financially impacted graduate students. | Director of Grants | IR | ||||||||||||||||
37 | Neuropsych Evaluation Fund | $12,000.00 | 0.64% | $6,000.00 | 0.28% | Calculated as 10 grants up to $600 each. Neuropsychological evaluations are a diagnostic tool for many mental health and learning disorders, many of which have a median onset age of mid-twenties. Using the Aetna Student Health Insurance Plan, estimates for in-network neuropsychological evaluations (NPEs) range from $250-$600 on average for out-of-pocket cost. This cost is a barrier for graduate students to complete an NPE which is required for diagnosis and therefore academic and workplace accommodations. | Director of Grants | |||||||||||||||||
38 | ||||||||||||||||||||||||
39 | Reallocation Fund | $36,184.75 | 1.93% | $76,973.63 | 3.58% | This fund allows for redistribution of funds based on that year's expressed need. It can only be allocated to CS, EF, NE, PDF, or RSO funds. At the semester break, fund usage will be evaluated and funds can be reallocated accordingly | Operations/President | |||||||||||||||||
40 | Misc | $5,000.00 | 0.27% | $5,000.00 | 0.23% | This fund is used for website maitenance (Knack), PayPal fees, office supplies, printer maintenance, gifts for speakers/admin, and any occasions that occur throughout the year. This will include open IRs for Express Catering and USC Transportation for urgent meetings/events. The executive board votes on using these funds throughout the year. | Operations/President | $165,973.63 | ||||||||||||||||
41 | Total: | $355,257.25 | 16.17% | $467,710.63 | 21.76% | |||||||||||||||||||
42 | PG1018950: Administration Team | |||||||||||||||||||||||
43 | Administration Team Budget | $60,557.50 | 3.22% | $83,166.50 | 3.87% | This team budget is calculated as $2.50 per student for FY23 minus $7000 (see line 25). For FY24 it is calculated at $3 per student minus $7000. Food for eboard, senate, interviews; 3 eboard retreats, senate meeting gift card raffles, flights for online eboard members, NYT games subscription | VP Administration | |||||||||||||||||
44 | Total: | $60,557.50 | 3.22% | $83,166.50 | 3.87% | |||||||||||||||||||
45 | PG1018943: Advocacy Team | |||||||||||||||||||||||
46 | Advocacy Team Budget | $13,267.25 | 0.71% | $30,569.38 | 1.42% | This team budget is calculated as $0.75 per student for FY23 minus $7000 (see line 25). For FY23 it is calculated as $1.25/student minus 7000. NAGPS travel, co-sponsored diversity/cultural events with campus partners, town halls, info campaigns, voter registration, Graduate Research Symposium, diversity-related mixers and other primarily social events are to be jointly funded by Advocacy and Programming. | VP Advocacy | |||||||||||||||||
47 | Total: | $13,267.25 | 0.71% | $30,569.38 | 1.42% | |||||||||||||||||||
48 | PG1018939: Programming Team | |||||||||||||||||||||||
49 | Programming Team | $182,161.00 | 9.69% | $173,333.00 | 8.06% | This team budget is calculated as $7 per student for FY23 minus $7000 (see line 25) plus reallocations and $6 per student minus $7000 for FY24. Social Programming funds are used for social and service events for BOTH campuses organized by the Directors of Social Programming. Signature events include the Spring Boat Cruise, International Student Appreciation Week, HSC Thanksgiving Dinner, and weekly workouts, HSC Research & Development Committee, and HSC office expenses. Increase will support addition of online student engagement and virtual programming available to all students. | VP Programming | |||||||||||||||||
50 | Total: | $182,161.00 | 9.69% | $173,333.00 | 8.06% | |||||||||||||||||||
51 | ||||||||||||||||||||||||
52 | PG1018937: Professional Development Fund | |||||||||||||||||||||||
53 | Travel Grant Fund | $297,253.00 | 15.82% | $330,610.50 | 15.38% | This fund is calculated as $11 per student per year for FY23 and FY24. Note: The Travel Grants Fund has been reimagined as the Professional Development Fund. The Professional Development Fund supports USC graduate and professional students in activities related to the development of skills necessary for success post-graduation. It is administered by the Graduate School and managed in part by the Director of Academic Affairs. Funds are divided evenly for the Fall and Spring semesters. | Director of Academic Affairs | DVQE | ||||||||||||||||
54 | Total: | $297,253.00 | 15.82% | $330,610.50 | 15.38% | |||||||||||||||||||
55 | Discretionary Fund (PG1018949) | $663,110.00 | ||||||||||||||||||||||
56 | Discretionary Fund | $199,560.00 | 10.62% | $165,777.50 | 7.71% | This fund is calculated as $11 per in person student for FY23 and $7 per in person student for FY24. The discretionary fund is an open fund for student organizations to apply for funds for events and is available on a first come, first serve basis. Online students do not have access to RSO funds, and do not contribute to them. | ||||||||||||||||||
57 | Total: | $199,560.00 | 10.62% | $165,777.50 | 7.71% | |||||||||||||||||||
58 | Umbrella Funds (PG1018941) | |||||||||||||||||||||||
59 | Umbrella Funds | $339,252.00 | 18.05% | $402,602.50 | 18.73% | This fund is calculated as $17 per in person student for FY22 and FY23. Umbrella funds are available for umbrella organizations at each school/department. If the funds are unused and the organization gives no intent to use the funds, the Finance director will transfer funds after Spring Break into the Discretionary Fund. | ||||||||||||||||||
60 | Total: | $339,252.00 | 18.05% | $402,602.50 | 18.73% | |||||||||||||||||||
61 | Joint Fund (PG1018934) | |||||||||||||||||||||||
62 | Joint Programming Fund | $59,868.00 | 3.19% | $59,206.25 | 2.75% | This fund is calculated as $3 per in person student for FY23 and $2.5 per in person student for FY24. The joint programming fund is a fund open to all events organized by two or more student organizations from two or more schools/departments and is available on a first come, first serve basis. Online students do not have access to RSO funds, and do not contribute to them. | ||||||||||||||||||
63 | Total: | $59,868.00 | 3.19% | $59,206.25 | 2.75% | |||||||||||||||||||
64 | Volunteer Fund (PG1018936) | |||||||||||||||||||||||
65 | Volunteer Fund | $19,956.00 | 1.06% | $17,761.88 | 0.83% | This fund is calculated as $1 per student for FY23 and $0.75 per in person student for FY24. The volunteer fund is a fund open to all student organizations to apply for volunteer or community services events and is available on a first come, first serve basis. Online students do not have access to RSO funds, and do not contribute to them. | ||||||||||||||||||
66 | Total: | $19,956.00 | 1.06% | $17,761.88 | 0.83% | |||||||||||||||||||
67 | Social Justice Fund (PG1018940) | |||||||||||||||||||||||
68 | Social Justice Fund | $19,956.00 | 1.06% | $17,761.88 | 0.83% | This fund is calculated as $1 per student for FY23 and $.75 per in person student for FY24. The volunteer fund is a fund open to all student organizations to apply for volunteer or community services events and is available on a first come, first serve basis. Online students do not have access to RSO funds, and do not contribute to them. | ||||||||||||||||||
69 | Total: | $19,956.00 | 1.06% | $17,761.88 | 0.83% | |||||||||||||||||||
70 | Accessibility Fund | |||||||||||||||||||||||
71 | Accessibility Fund | $0.00 | 0.00% | $20,000.00 | 0.93% | The accessiblity fund is new for FY24. It is to be used for accessbility related expenses for RSO events. It is calculated at $500 for 40 events. | ||||||||||||||||||
72 | Total: | $0.00 | 0.00% | $20,000.00 | 0.93% | |||||||||||||||||||
73 | Total Budget | $1,960,560.00 | 97.23% | $2,124,520.00 | 98.84% | |||||||||||||||||||
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