UCF has been ranked one of the top Florida universities for the amount of state-based funding it will receive this year.
In the last few years, the Florida Board of Governors has allocated performance funding to universities across the state based on a metric system. The system gives points to schools based on measures such as graduation rates and the cost of each student’s degree to the school.
In the 2015-16 ranking, UCF earned 39 out of a possible 50 points, which placed it in the top four schools in the state, according to the Florida Board of Governors website. The University of Florida grabbed first place with 44 points, the University of South Florida placed second with 42 points and UCF tied with Florida International University for third.
UCF has always placed in the top three of all universities in the state in the three years that the funding has been awarded, according to UCF Today.
This year, the school has been allocated $14.7 million in performance funding for the new fiscal year, which started July 1.
“This new performance funding was distributed to UCF based on its outstanding performance in many of the Board of Governors’ metrics,” said Christine Dellert, UCF’s senior director for internal communications.
Dellert said that of the funding, 90 percent would be used to hire 100 new faculty members, as well as 30 new staff positions.
Last year, she said that UCF was allocated $16.8 million, which the university used to hire the first round of 100 new faculty recruits, much of whom are starting this coming fall semester, add another 30 support staff positions and provide financial aid.
Taking into account the base funding that the school already had, UCF has been allocated a total of $57.7 million.
Deanna Ferrante is a Senior Staff Writer for the Central Florida Future.