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Formula Funding Codes and Rates

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Although Dr. Serenity Rose King, Associate Vice President for Institutional Success and Decision Support, will assist faculty with the budget section, faculty should be able to determine the appropriate funding codes associated with disciplines at different levels as found in the Formula Funding Codes and Rates matrix (pdf) for FY2024 and FY2025.  

The Office of Institutional Success and Decision Support also has provided the Formula Funding Coefficients Redlined Copy (pdf) to indicate the changes in rates from FY2022 and FY2023 to FY2024 and FY2025. The rate is $59.08 in FY2024 and FY2025 (an increase from the previous rate of $56.27).

For additional information about the formula funding and weighting rates, please review section 26 of the Texas Legislative Budget Board’s General Academic Funding (pdf)