Current Fund Budget
| Approved by the Board of Trustees | |||||||||
| February 21,2003 | |||||||||
| FY 2002 | FY 2003 | FY 2004 | |||||||
| REVENUES | |||||||||
| Tuition & fees | 29,276,145 | 32,845,580 | 35,162,810 | ||||||
| Less: scholarships & grants | -14,650,000 | -15,600,000 | -16,600,000 | ||||||
| Net tuition & fees | 14,626,145 | 25.6% | 17,245,580 | 28.2% | 18,562,810 | 29.0 | |||
| Government grants & contracts | 942,100 | 1.6% | 900,000 | 1.5% | 900,000 | 1.4% | |||
| Private gifts & grants | |||||||||
| Unrestricted | 2,629,360 | 4.6 | 2,629,360 | 4.3% | 2,813,415 | 4.4% | |||
| Pioneer Fund – Unrestricted | 2,300,000 | 2,400,000 | |||||||
| Other Unrestricted | 329,360 | 413,415 | |||||||
| Restricted | 780,720 | 1.4% | 1,314,052 | 2.1% | 1,342,917 | 2.1% | |||
| Endowment spending | |||||||||
| Policy | 29,150,000 | 51% | 29,740,000 | 48.6% | 30,392,500 | 47.5% | |||
| Other sources | 709,000 | 1.2% | 650,000 | 1.1% | 552,000 | 0.9% | |||
| Auxiliary enterprises | 8,361,800 | 14.6% | 8,709,704 | 14.2% | 9,459,809 | 14.8% | |||
| TOTAL REVENUES | 57,199,125 | 100% | 61,188,696 | 100% | 64,023,451 | 100% | |||
| EXPENDITURES AND MANDATORY TRANSFERS | |||||||||
| Instruction | 17,610,989 | 30.8% | 19,568,708 | 32% | 21,026,869 | 32.8% | |||
| Academic support | 7,121,289 | 12.4% | 7,900,816 | 12.9% | 7,941,805 | 12.4% | |||
| Student services | 7,586,193 | 13.3% | 8017521 | 13.1% | 8,311,170 | 13% | |||
| Institutional support | 9,719,901 | 17% | 9,730,107 | 15.9% | 10,048,552 | 15.7% | |||
| Operation & maintenance of plant | 4,529,145 | 7.9% | 4,948,372 | 8.1% | 5,092,697 | 8% | |||
| Auxiliary enterprises | 7,975,607 | 13.9% | 8,242,172 | 13.5% | 8,761,056 | 13.7% | |||
| 54,543,125 | 58,407,696 | 61,182,147 | |||||||
| Mandatory transfers for: | |||||||||
| Loan fund matching grant | 6,000 | 0% | 6,000 | 0% | 6,000 | 0% | |||
| Total expenditures & mandatory transfers | 54,549,125 | 58,413,696 | 61,188,147 | ||||||
| OTHER TRANSFERS & ADDITIONS | |||||||||
| Transfers to (from): | |||||||||
| Plant Fund | |||||||||
| Debt service | 1,050,000 | 1.8% | 1,250,000 | 2% | 1,217,500 | 1.9% | |||
| Building Maint. & Equip. Fund | |||||||||
| Equipment | 100,000 | 0.2% | 100,000 | 0.2% | 150,000 | 0.2% | |||
| Facilities | 775,000 | 1.4% | 825,000 | 1.3% | 800,000 | 1.2% | |||
| Technology | 725,000 | 1.3% | 600,000 | 1% | 500,000 | 0.8% | |||
| Contingency | 155,000 | 0.2% | |||||||
| Total other transfers & additions | 2,650,000 | 2,775,000 | 2,822,500 | ||||||
| TOTAL EXPENDITURES/TRANSFERS | 57,199,125 | 100% | 61,188,696 | 100% | 64,010,647 | 100% | |||
| TOTAL REVENUES (EXPENDITURES) | 12,804 | ||||||||
