The Budget Narrative is a written summary of revenue sources and expenditures for the budget year by fund group. The report also includes rationale behind the assumptions made when formulating the budget line items. The narrative is provided annually to the Board of Regents.
Budget Comparison
Revenues
| |
FY 2023 Budget |
FY 2024 Budget |
% Change |
| State Appropriations |
$2,103,819 |
$2,103,819 |
0.00% |
| Reimbursed Indirect Costs |
286,181 |
676,181 |
136.28% |
| Total Revenues |
$2,390,000 |
$2,780,000 |
16.32% |
Expenditures - Salaries and Benefits
| |
FY 2023 Budget |
FY 2024 Budget |
% Change |
| Prof. & Scientific Salaries |
$171,000 |
$160,000 |
-6.43% |
| General Services Salaries |
1,125,000 |
1,232,000 |
9.51% |
| Total Salaries and Benefits |
$1,296,000 |
$1,392,000 |
7.41% |
Other Expenditures
| |
FY 2023 Budget |
FY 2024 Budget |
% Change |
| Supplies and Services |
$199,000 |
$202,000 |
1.51% |
| Utilites |
751,000 |
1,034,000 |
37.68% |
| Bldg. Repairs |
144,000 |
152,000 |
5.56% |
| Total Other Expenditures |
$1,094,000 |
$1,388,000 |
26.87% |
| Total Expenditures |
$2,390,000 |
$2,780,000 |
16.32% |
