Restricted Funds

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      
  Other (Capital) 23,325,766 22,800,000 -2.25%
  Other (Innovation) 1,050,000 1,050,000 0.00%
  Other (Resource Ctrs.) 283,348 278,848 -1.59%
  Other (Tuition Replacement) 16,031,991 13,952,170 -12.97%
Federal Support 286,102,000 242,765,000 -15.15%
Intra State Receipts 207,686,161 212,517,482 2.33%
Interest 27,964,000 31,747,000 13.53%
Bonds & Loans 106,200,000 127,500,000 20.06%
Tuition and Fees 64,386,000 67,899,000 5.46%
Reimbursed Indirect Costs 23,418,000 23,981,000 2.40%
Sales and Services 764,644,000 829,546,000 8.49%
Other Income 178,220,000 202,951,000 13.88%
Total Revenues 1,699,311,266 1,776,987,500 4.57%
Expenditures - Salaries and Benefits
  FY 2017 Budget FY 2018 Budget % Change
Fac. & Inst. Off. Salaries 343,702,000 375,714,500 9.31%
Prof. & Scientific Salaries 278,352,000 296,959,000 6.68%
General Services Salaries 52,715,000 55,054,000 4.44%
Hourly Wages 30,548,000 31,827,000 4.19%
Total Salaries and Benefits 705,317,000 759,554,500 7.69%
Other Expenditures
  FY 2017 Budget FY 2018 Budget % Change
Supplies and Services 431,997,500 436,060,000 0.94%
Library Acquisition 239,000 82,000 -65.69%
Rentals 13,469,000 11,830,000 -12.17%
Utilities 12,637,000 14,061,000 11.27%
Building Repairs 9,215,000 10,784,000 17.03%
Equipment 57,519,000 65,282,000 13.50%
Student Aid 64,809,000 71,990,000 11.08%
Debt Service 103,783,000 107,239,000 3.33%
Plant Capital 300,325,766 300,105,000 -0.07%
Total Other Expenditures 993,994,266 1,017,433,000 2.36%
Total Expenditures 1,699,311,266 1,776,987,500 4.57%