Section 8 Introduction
Under constitutional authority, the Board of Regents (BOR) approves the annual budget request for the University System of Georgia (USG). Funding is provided to the University System by means of a funding formula, which establishes a basis for budgetary need linked to enrollment growth, increases in facilities square footage and other operating factors. Funds appropriated based on the formula are received as a “lump sum”, which the Board of Regents allocates to USG institutions. In addition, there are several component units of the University System of Georgia that receive direct appropriations from the Georgia General Assembly.
This section describes the procedures used to develop the annual budget request, establish tuition and fee rates for USG institutions, and procedures for making budget adjustments during the course of the fiscal year.