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 2019 Budget |
FY 2020 Budget |
% Change |
|---|
| State Appropriations |
$2,134,120 |
$2,134,120 |
-2.40% |
| Interest |
5,000 |
0 |
-100.00% |
| Reimbursed Indirect Costs |
299,880 |
307,880 |
2.67% |
| Sales and Services |
75,000 |
0 |
-100.00% |
| Total Revenues |
$2,514,000 |
$2,442,000 |
-2.86% |
Expenditures - Salaries and Benefits
| |
FY 2019 Budget |
FY 2020 Budget |
% Change |
|---|
| Prof. & Scientific Salaries |
$112,966 |
$110,186 |
-2.46% |
| General Services Salaries |
1,436,474 |
1,325,554 |
-7.72% |
| Total Salaries and Benefits |
$1,549,440 |
$1,435,740 |
-7.34% |
Other Expenditures
| |
FY 2019 Budget |
FY 2020 Budget |
% Change |
|---|
| Supplies and Services |
$132,010 |
$132,010 |
0.61% |
| Utilites |
469,200 |
544,750 |
16.10% |
| Bldg. Repairs |
363,350 |
328,700 |
-9.54% |
| Total Other Expenditures |
$964,560 |
$1,006,260 |
4.32% |
| Total Expenditures |
$2,514,000 |
$2,442,000 |
-2.86% |
