Oakdale Campus

Budget Narrative

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 2017 Budget FY 2018 Budget % Change
State Appropriations $2,186,558 $2,186,558 0.00%
Interest 5,000 5,000 0.00%
Reimbursed Indirect Costs 515,000 299,442 -41.86%
Sales and Services 70,000 75,000 7.14%
Total Revenues $2,776,558 $2,566,000 -7.58%
Expenditures - Salaries and Benefits
  FY 2017 Budget FY 2018 Budget % Change
Prof. & Scientific Salaries $107,419 $112,966 5.16%
General Services Salaries 2,005,889 1,475,474 -26.44%
Total Salaries and Benefits $2,113,308 $1,588,440 -24.84%
Other Expenditures
  FY 2017 Budget FY 2018 Budget % Change
Supplies and Services $200,150 $508,360 153.99%
Rentals 0 0 0.00%
Utilities 463,100 469,200 1.32%
Equipment 0 0 0.00%
Total Other Expenditures $663,250 $977,560 47.39%
Total Expenditures $2,721,558 $2,566,000 -7.58%