Budget & Financial

2014 Recommendations of the Ohio Higher Education Funding Commission
2014 Recommendations of the Ohio Higher Education Funding Commission
(Download the PDF)

Each fiscal year the legislature allocates funding to higher education. A significant amount of work goes into decisions that determine where and how the money gets spent. Regents staff work with the Office of Budget and Management, the Legislature and higher education institutions to develop budgets. Regents staff coordinate commmitees, consultations and councils, analyze data, write new and review current policies, draft amendments, make presentations to the legislature and develop documentation to support their recommendations and decisions. The result of all that work can be explored and examined in the documents, presentations, spreadsheets and Web sites linked from this page.

Selected Budget Detail

State Share of Instruction (SSI)

The State Share of Instruction is the formula used to distribute the bulk of state money provided to Ohio's public colleges and universities.

Campus Financial Accountability - Senate Bill 6

Senate Bill 6 of the 122nd General Assembly was enacted into law in 1997. It is designed to increase financial accountability of state colleges and universities by using a standard set of measures with which to monitor the fiscal health of campuses. Using the year-end audited financial statements submitted by each public institution, the Board of Regents annually applies these standards to monitor individual campus finances.

Higher Education Facilities Bonds

The State of Ohio provides funding for capital projects to higher education institutions by issuing Higher Education Facilities Bonds. The debt and the associated interest expense are recorded on the financial records of the State of Ohio and do not appear on the records of individual institutions.

Related Links

  • Ohio Higher Educational Facility Commission (OHEFC) was created for the purpose of assisting independent, not-for-profit institutions of higher education finance the construction, renovation or rehabilitation of educational facilities through tax exempt bonds.