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Program M: Federal Pell Grant

Program Authorization: 34 CFR 90

PROGRAM DESCRIPTION

The mission of the Federal Pell Grant Program is to ensure that eligible recipients enrolled in any of the 40 technical college campuses will receive the grant funds according to the mandates of federal law.

The goal of the Federal Pell Grant Program is to distribute the grant funds in a timely fashion which will enable the students to cover the costs associated with their education.

OBJECTIVES AND PERFORMANCE INDICATORS

1. The Federal Pell Grant Program will process payments to students in a timely fashion as measured by the number of complaint calls received from schools and/or students and the lack of audit exceptions identified by the end of FY 1998-99.

SOURCE OF FUNDING

This program is funded with federal funds through Title IV of the Higher Education Act of 1964 as amended in 1992.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

 

DESCRIPTION

 

 

 

 

 

$0

$6,667,623

0

 

ACT 18 FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$6,667,623

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$0

$332,377

0

 

Increase maximum grant from $2470/student to $2700/student

 

 

 

 

 

$0

$7,000,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$332,377

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 105% of the existing operating budget. It represents 100% of the total request ($7,000,000) for this program. The increase is attributable to an increase in the maximum grant award.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1998-1999.

OTHER CHARGES

$7,000,000

 

Federal Pell Grant awards to eligible students enrolled at the Technical Colleges

 

 

 

$7,000,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.


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