Postsecondary Education Council on Postsecondary Education Strategic Investment and Incentive Funding Program
Actual FY 2024Actual FY 2025Revised FY 2026Recommended FY 2027Recommended FY 2028
SOURCE OF FUNDS
General Fund
Regular Appropriation8,333,60012,109,6008,101,6007,874,7007,908,300
Continuing Approp-General Fund6,858,0002,058,00058,000
Budget Reduction-General Fund(242,900)
Total General Fund8,333,60012,109,60014,716,7009,932,7007,966,300
Federal Fund
Current Receipts3,075,8372,011,8661,029,500870,500
Balance Forward24
Total Federal Fund3,075,8372,011,8901,029,500870,500
TOTAL SOURCE OF FUNDS11,409,43714,121,49015,746,20010,803,2007,966,300
EXPENDITURES BY CLASS
Personnel Costs1,482,8871,532,1531,952,4001,963,6001,991,000
Operating Expenses139,591108,183131,600100,90066,600
Grants Loans Benefits6,562,9355,623,14111,604,2008,680,7005,908,700
Debt Service3,224,000
TOTAL EXPENDITURES11,409,4137,263,47713,688,20010,745,2007,966,300
EXPENDITURES BY FUND SOURCE
General Fund8,333,6005,251,58712,658,7009,874,7007,966,300
Federal Fund3,075,8132,011,8901,029,500870,500
TOTAL EXPENDITURES11,409,4137,263,47713,688,20010,745,2007,966,300
EXPENDITURES BY UNIT
Technology Initiative Trust Fund3,653,2003,653,2003,557,6003,561,8003,571,600
Physical Facilities Trust Fund3,224,000
Special Initiatives Funding Program1,456,4001,456,4001,391,1001,399,9001,420,800
Healthcare Workforce Investment Fund3,075,8132,153,8778,739,5005,783,5002,973,900
TOTAL EXPENDITURES11,409,4137,263,47713,688,20010,745,2007,966,300
The Strategic Investment and Incentive Funding Program was created in the Kentucky Postsecondary Education Improvement Act of 1997, codified as KRS 164.7911. This program consists of appropriations for the Physical Facilities Trust Fund, the Technology Initiative Trust Fund, and the Healthcare Workforce Investment Fund, as well as the Special Initiatives Funding Program. These appropriations are made to the Council, which is responsible for establishing criteria and distributing these funds to postsecondary institutions and other partners in a manner that will allow the Commonwealth to accomplish the goals established in KRS 164.003(2).
Special Initiatives Funding Program
The Council on Postsecondary Education allocates funds to institutions for activities that support the goals of Senate Bill 1 from the 2009 session of the General Assembly. These include professional development of faculty and revision of the pedagogic curriculum and assessment standards of colleges of education.
Technology Initiative Trust Fund
This program includes funding for the Kentucky Postsecondary Education Network (KPEN), the Kentucky Virtual Campus and Virtual Library, the College Level Learning Assessment, the College Access Initiative, and faculty development activities that improve teaching and develop best practices, particularly for distance learning situations.