New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 5 - OPERATING BUDGETS - FUNDING RECOMMENDATIONS
Section 5.3.5.9 - WORKLOAD BASE FOR CALCULATING THE I AND G FORMULA
Current through Register Vol. 35, No. 18, September 24, 2024
A. For four-year institutions, the instructional portion of the I and G formula will generally be calculated using an average of the three previous academic years unrestricted student credit hours. Each year, the average will roll forward, drop the earliest years data, and add the most recent years actuals.
B. For two-year institutions, the instructional portion of the I and G formula is calculated on the most recent academic years unrestricted student credit hours. Adjustments may be made when dictated by anticipated enrollment growth in relation to size of instructional budget.
C. For both four-year and two-year institutions, the general portion of the I and G formula is calculated on the most recent academic year's workload factors.
