Special Purpose Appropriations

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 (total Special Purpose)

Revenues
  FY 2023 Budget FY 2024 Budget % Change
State Appropriations $6,540,917 $9,508,090 45.36%
Total Revenues $6,540,917 $9,508,090 45.36%
Expenditures - Salaries and Benefits
  FY 2023 Budget FY 2024 Budget % Change
Fac. & Inst. Off. Salaries $1,315,948 $3,779,281 187.19%
Prof. & Scientific Salaries 2,457,212 2,993,315 21.82%
General Services Salaries 79,473 0 -100.00%
Hourly Wages 80,006 52,224 -34.72%
Total Salaries and Benefits $3,932,639 $6,824,820 73.54%
Other Expenditures
  FY 2023 Budget FY 2024 Budget % Change
Supplies and Services $2,212,711 $2,230,318 0.80%
Rentals 78,700 202,000 156.67%
Equipment 3,000 60,000 1900.00%
Student Aid 313,867 190,952 -39.16%
Total Other Expenditures $2,608,278 $2,683,270 2.88%
Total Expenditures $6,540,917 $9,508,090 45.36%