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 2020 Budget FY 2021 Budget % Change
State Appropriations $2,134,120 $2,103,819 -1.42%
Interest 0 0 0%
Reimbursed Indirect Costs 307,880 286,181 -7.05%
Sales and Services 0 0 0%
Total Revenues $2,442,000 $2,390,000 -2.13%
Expenditures - Salaries and Benefits
  FY 2020 Budget FY 2021 Budget % Change
Prof. & Scientific Salaries $110,186 $165,772 50.45%
General Services Salaries 1,325,554 1,081,228 -18.43%
Total Salaries and Benefits $1,435,740 $1,247,000 -13.15%
Other Expenditures
  FY 2020 Budget FY 2021 Budget % Change
Supplies and Services $132,010 $199,000 49.84%
Utilites 544,750 751,000 37.86%
Bldg. Repairs 328,700 193,000 -41.28%
Total Other Expenditures $1,006,260 $1,143,000 13.59%
Total Expenditures $2,442,000 $2,390,000 -2.13%