Kentucky State University Education & General Budget Report FY26 & FY27 Presented to the Board of Regents August 7, 2026
| Description | Adopted Budget 6.27.25 | Amended FY26 Budget 2.13.26 | Projected FY26 as of 7.15.26* | Adopted FY27 Budget 6.12.26 |
|---|---|---|---|---|
| Revenue | ||||
| Enrollment | 2838 Fall : 2873 Spring | 2570 Fall : 2285 Spring | ||
| Tuition and Fees | 16,948,700 | 22,055,000 | 22,871,115 | 16,800,428 |
| Less Scholarships and Waivers 27% | (3,500,000) | (5,126,000) | (6,481,244) | (4,536,115) |
| Less Uncollected | (1,000,000) | (1,000,000) | (3,451,772) | (3,024,077) |
| Net Tuition and Fees Collected | 12,448,700 | 15,929,000 | 12,938,098 | 9,240,235 |
| State Appropriations | ||||
| Base Appropriations | 19,343,900 | 19,343,900 | 19,343,900 | 19,343,900 |
| Fire and Tornado | 822,000 | 822,000 | 822,000 | 473,600 |
| Online Program | - | 2,000,000 | ||
| Litigation | 895,000 | 895,000 | 254,260 | 645,000 |
| Total State Appropriations | 21,060,900 | 21,060,900 | 20,420,160 | ##### |
| Sales and Services | 1,200,000 | 1,722,262 | 909,349 | 1,200,000 |
| Other Income | 0 | 0 | 5,605,564 | 0 |
| Endowment (Off-sets Scholarships and Salaries) | 0 | 0 | 829,593 | 800,000 |
| Transfer In | 0 | 0 | 0 | 100,000 |
| Total Revenue | 34,709,600 | 38,712,162 | 40,702,764 | 33,802,735 |
| Expenses | ||||
| Salaries and Benefits | ||||
| Salaries | 13,732,000 | 15,797,674 | 14,694,600 | 14,700,000 |
| Benefits | 5,725,800 | 5,400,000 | 5,885,233 | 5,300,000 |
| Sub-total Salaries and Benefits | 19,457,800 | 21,197,674 | 20,579,833 | 20,000,000 |
| Supplies/Operating | 7,882,916 | 5,693,181 | 658,968 | 600,000 |
| Travel | 1,138,890 | 1,129,446 | ||
| Interfund | 85,267 | 75,000 | ||
| Other | 329,847 | 1,653,758 | ||
| Memberships and Dues | 210,661 | 253,081 | ||
| Insurance | 1,598,409 | 1,626,457 | ||
| Equipment | 110,203 | 109,168 | ||
| SGA Royal Court | 50,000 | |||
| Student Activities | 75,000 | |||
| Vehicles | 100,000 | |||
| Contracted Services | 1,300,000 | 8,201,480 | 4,884,795 | 2,750,000 |
| Repairs and Maintenance | 667,463 | 600,000 | ||
| Utilities | 2,381,263 | 2,300,000 | 2,314,914 | 2,520,602 |
| Global Program Operating | 3,432,758 | 500,000 | ||
| Contingency/Transfers | 2,000,000 | - | - | 431,669 |
| Debt Service | 1,687,621 | 1,319,828 | 1,687,621 | 1,328,554 |
| Sub-Total Operating Expenses | 15,251,800 | 17,514,489 | 17,119,796 | 13,802,735 |
| Total Expenses | 34,709,600 | 38,712,163 | 37,699,630 | 33,802,735 |
| Surplus (Deficit) | 0 | (1) | 3,003,135 | 0 |
Auxiliary Budget Proposal 2026-27
| Description | Adopted Budget 6.27.25 | Amended FY26 Budget 2.13.26 | Projected FY26 as of 7.15.26 | Adopted FY27 Budget 6.12.26 |
|---|---|---|---|---|
| Revenue | ||||
| Housing | 7,450,000 | 7,142,800 | 7,368,462 | 6,512,030 |
| Dining | 3,530,000 | 3,284,100 | 3,281,789 | 3,051,888 |
| Bookstore | 1,395,000 | 1,825,550 | 1,936,590 | 1,243,994 |
| Commissions/Other | - | 22,521 | 159,000 | |
| Less Uncollected | - | (428,438) | (478,196) |