KENTUCKY STATE UNIVERSITY Education and General, Auxiliary Services Budget Report As of 12.31.25 with Projections for Year-End and Proposed Amendment
| 2026 | 2025 | FY26 minus FY25 - Actuals Only | |||||||||
| Education and General | Actual as of | Projected Year-End with Proposed Amendment | Proposed Amendment | Actual as of | Actual | % Change | |||||
| Budget | 12.31.25 | % | Amendment | Budget | 12.31.24 | % | |||||
| Revenue | |||||||||||
| Gross Student Tuition and Fees1,2 | 16,948,700 | 9,231,829 | 54.5% | 22,055,000 | 5,106,300 | 18,210,800 | 8,919,887 | 49.0% | 311,942 | 3.5% | |
| Scholarships | (3,500,000) | (3,880,768) | 110.9% | (5,126,000) | (1,626,000) | (4,000,000) | (2,659,406) | 66.5% | (1,221,362) | 45.9% | |
| Bad Debt Expense | (1,000,000) | 0 | 0.0% | (1,000,000) | - | (898,000) | 0 | 0.0% | 0 | 0.0% | |
| Net Student Tuition and fees | 12,448,700 | 5,351,061 | 43.0% | 15,929,000 | 3,480,300 | 13,312,800 | 6,260,480 | 47.0% | (909,420) | -14.5% | |
| State Appropriations | 21,060,900 | 11,591,601 | 55.0% | 21,060,900 | - | 20,165,900 | 10,639,200 | 52.8% | 952,401 | 9.0% | |
| Sales and Services | 1,200,000 | 904,187 | 75.3% | 1,722,262 | 522,262 | 1,000,000 | 745,612 | 74.6% | 158,575 | 21.3% | |
| Total Revenue | 34,709,600 | 17,846,849 | 51.4% | 38,712,162 | 4,002,562 | 34,478,700 | 17,645,292 | 51.2% | 201,556 | 1.1% | |
| Expenses/Transfers | |||||||||||
| Salaries and Wages | 13,732,000 | 7,046,283 | 51.3% | 15,797,674 | 2,065,674 | 11,642,600 | 7,490,052 | 64.3% | (443,769) | -5.9% | |
| Benefits | (1,525,800) | 2,746,968 | 48.0% | 5,400,000 | (325,800) | 6,416,200 | 2,806,991 | 43.7% | (60,023) | -2.1% | |
| Contracted Services | 1,300,000 | 718,297 | 55.3% | 8,201,480 | 6,901,480 | 3,000,000 | 885,623 | 29.5% | (167,326) | -18.9% | |
| Operating | 7,882,916 | 5,650,374 | 71.7% | 5,693,181 | (2,189,735) | 4,866,900 | 6,112,482 | 125.6% | (462,108) | -7.6% | |
| Utilities | 2,381,263 | 1,138,472 | 47.8% | 2,300,000 | (81,263) | 5,200,000 | 1,102,652 | 21.2% | 35,820 | 3.2% | |
| Transfers/Debt Service | 3,687,621 | 688,810 | 18.7% | 1,319,826 | (2,367,795) | 3,353,000 | 676,507 | 20.2% | 12,303 | 12302.8% | |
| Total Expenses and Transfers4 | 34,709,600 | 17,989,205 | 51.8% | 38,712,161 | 4,002,561 | 34,478,700 | 19,074,308 | 55.3% | (1,085,103) | -5.7% | |
| Net Surplus (Deficit) E&G | (0) | (142,356) | 0 | 0 | 0 | (1,429,015) | 0 | 1,286,659 | |||
| 2026 | 2025 | FY26 minus FY25 - Actuals Only | |||||||||
| Actual as of | Projected Year-End with Proposed Amendment | Proposed Amendment | Actual as of | Actual | % Change | ||||||
| Auxiliary Services | Budget | 12.31.25 | % | Amendment | Budget | 12.31.24 | % | ||||
| Revenue1 | |||||||||||
| Housing | 7,450,000 | 3,752,667 | 50.4% | 7,142,800 | (307,200) | 6,140,400 | 4,024,739 | 65.5% | (272,072) | -6.8% | |
| Dining | (3,530,000) | 1,809,528 | 51.3% | 3,284,100 | (245,900) | 3,288,900 | 1,870,185 | 56.9% | (60,657) | -3.2% | |
| Bookstore | 1,395,000 | 728,938 | 52.3% | 1,825,550 | 430,550 | 1,689,900 | 741,887 | 43.9% | (12,949) | -1.7% | |
| Total Revenue | 12,375,000 | 6,291,133 | 50.8% | 12,252,450 | (122,550) | 11,119,200 | 6,634,696 | 59.7% | (343,563) | -5.2% | |
| Expenses | |||||||||||
| Salaries and Wages | 665,000 | 233,042 | 35.0% | 770,000 | 105,000 | 353,400 | 251,314 | 71.1% | (18,272) | -7.3% | |
| Benefits | (299,250) | 83,462 | 27.9% | 279,000 | (20,250) | 134,300 | 95,744 | 71.3% | (12,282) | -12.8% | |
| Contracted Services | 4,850,000 | 3,189,150 | 65.8% | 6,075,900 | 1,225,900 | 4,789,000 | 2,635,800 | 55.0% | 553,350 | 553349.8% | |
| Operating | 969,340 | 372,517 | 38.4% | 511,000 | (458,340) | 524,800 | 904,042 | 172.3% | (531,525) | -58.8% | |
| Utilities | 807,000 | 367,397 | 45.5% | 857,150 | 50,150 | 1,072,500 | 411,712 | 38.4% | (44,315) | -10.8% | |
| Mandatory Transfers: Debt Service | 3,759,410 | 2,419,074 | 64.3% | 3,759,400 | (10) | 4,060,500 | 2,404,375 | 59.2% | 14,699 | 0.0% | |
| Non-Mandatory Transfers To Reserves | 1,025,000 | 0 | 0.0% | 0 | (1,025,000) | 184,700 | 0 | 0.0% | 0 | 0.0% | |
| Total Expenses and Transfers | 12,375,000 | 6,664,642 | 53.9% | 12,252,450 | (122,550) | 11,119,200 | 6,702,987 | 60.3% | (38,345) | -0.6% | |
| Net Surplus (Deficit) Auxiliary Services | 0.00 | (373,509) | -3% | - | 0 | 0.00 | (68,291) | -1% | (305,218.09) | -5% | |
| Combined Net Surplus (Deficit) | (0) | (515,865) | -3% | 0 | 0 | 0.00 | (1,497,306) | -1% | 981,441 | -5% | |