Kentucky State University
Education & General Budget 2026-27
August 31, 2026 Report
| Description | FY2026 | FY2027 | FY27 Compared to FY26 |
| Actual | Actual FY27 |
| Actual As of 8/31/26 | 6/30/26 as of 9/22/26 | Original Budget | As of 8/31/26 | As of % of Budget | Minus FY26 August | Change |
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| Revenue | 2,618 | | 2570 Fall : 2285 Spring | 2,716 | | | |
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| Enrollment | 9,876,512 | 22,871,115 | 16,800,428 | 8,115,226 | 48% | (1,761,286) | -18% |
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| Tuition and Fees | (1,858,725) | (6,471,084) | (4,536,115) | (152,102) | 3% | 1,706,623 | 92% |
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| Less Scholarships and Waivers | (9,338,479) | (3,243,021) | (3,024,077) | (3,526,792) | 117% | 5,811,687 | 62% |
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| Less Uncollected | (1,320,692) | 13,157,010 | 9,240,235 | 4,436,332 | 48% | 5,757,024 | 44% |
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| Net Tuition and Fees Collected | (1,320,692) | 13,157,010 | 9,240,235 | 4,436,332 | 48% | 5,757,024 | 44% |
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| State Appropriations | | | | | | | |
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| Base Appropriations | 6,326,351 | 20,440,238 | 19,343,900 | 5,803,220 | 30% | (523,131) | -8% |
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| Fire and Tornado | - | - | 473,600 | 142,080 | 30% | 142,080 | NA |
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| Online Program | - | - | 2,000,000 | 600,000 | 30% | 600,000 | NA |
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| Litigation- separate fund | - | - | 645,000 | 645,000 | 100% | 645,000 | NA |
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| Total State Appropriations | 6,326,351 | 20,440,238 | 22,462,500 | 7,190,300 | 32% | 863,949 | 14% |
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| Sales and Services | 217,060 | 7,568,278 | 1,200,000 | 294,386 | 25% | 77,326 | 36% |
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| Other Income | - | 0 | 0 | 9,849 | NA | 9,849 | NA |
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| Endowment | - | 0 | 800,000 | - | 0% | - | NA |
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| Transfer In | - | 0 | 100,000 | - | 0% | - | NA |
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| Total Revenue | 5,222,719 | 41,165,526 | 33,802,735 | 11,930,868 | 35% | 6,708,149 | 128% |
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| Expenses | | | | | | | |
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| Salaries and Benefits | | | | | | | |
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| Salaries | 2,596,318 | 13,763,865 | 14,700,000 | 2,023,618 | 14% | (572,700) | -22% |
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| Benefits | 1,065,513 | 6,206,030 | 5,300,000 | 683,678 | 13% | (381,835) | -6% |
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| Sub-total Salaries and Benefits | 3,661,831 | 19,969,895 | 20,000,000 | 2,707,296 | 14% | (954,535) | -26.07% |
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| Operating | | | | | | - | |
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| Supplies | 1,335,037 | 2,646,469 | 600,000 | 63,135 | 11% | (1,271,902) | -95% |
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| Travel | | | 1,129,446 | 15,966 | 1% | 15,966 | NA |
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| Interfund | | | 75,000 | - | 0% | - | NA |
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| Other | | | 1,653,758 | 63,066 | 4% | 63,066 | NA |
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| Memberships and Dues | | | 253,081 | 28,728 | 11% | 28,728 | NA |
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| Insurance | | | 1,626,457 | 1,176,056 | 72% | 1,176,056 | NA |
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| Equipment | | | 109,168 | 484 | 0% | 484 | NA |
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| SGA Royal Court | | | 50,000 | - | 0% | - | NA |
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| Student Activities | | | 75,000 | - | 0% | - | NA |
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| Vehicles | | | 100,000 | 53,377 | 53% | 53,377 | NA |
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| Contracted Services | 559,266 | 8,673,227 | 2,750,000 | 531,828 | 19% | (27,438) | -5% |
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| Repairs and Maintenance | | | 600,000 | 176,437 | 29% | 176,437 | NA |
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| Utilities | 866,547 | 1,927,367 | 2,520,602 | 323,031 | 13% | (543,516) | -63% |
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| Global Program Operating | | | 500,000 | - | 0% | - | NA |
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| Contingency/Transfers | - | 652,642 | 431,669 | 20,923 | 5% | 20,923 | NA |
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| Debt Service | 676,507 | 1,688,870 | 1,328,554 | 676,507 | 51% | 0 | 0% |
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| Sub-Total Operating Expenses | 3,437,357 | 15,588,575 | 13,802,735 | 3,129,538 | 23% | (307,819) | -9% |
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| Total Expenses | 7,099,188 | 35,558,470 | 33,802,735 | 5,836,833 | 17% | (1,262,355) | -18% |
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| Surplus (Deficit) | (1,876,469) | 5,607,056 | 0 | 6,094,034 | | 7,970,503 | 425% |
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| Auxiliary Budget 2026-27 |
| Description | FY2026 | FY2027 | FY27 Compared to FY26 |
| Actual as of 8/31/25. | Actual 6/30/26 as of 9/22/26 | Original Budget | As of 8/31/26 627 Occupancy | As of % of Budget | Projected FY27 Minus FY26 | Change |
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| Revenue | 957 Occupancy | 7,390,983 | 6,512,030 | 2,558,011 | 39% | (1,219,555) | -32% |
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| Housing | 3,777,566 | 3,281,789 | 3,051,888 | 1,069,899 | 35% | (789,198) | -42% |
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| Dining | 1,859,097 | 1,936,590 | 1,243,994 | 601,213 | 48% | (218,795) | -27% |
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| Bookstore | 820,008 | - | 159,000 | 38,672 | 24% | 38,672 | NA |
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| Commissions/Other | - | | (478,196) | - | 0% | 4,506,295 | NA |
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| Less Uncollected | (4,506,295) | | 100,000 | - | 0% | - | NA |
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| Transfer - R&M House Repairs | - | | 10,588,716 | 4,267,795 | 40% | 2,317,419 | 119% |
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| Net Revenue | 1,950,376 | 12,609,362 | 10,588,716 | 4,267,795 | 40% | 2,317,419 | 119% |
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| Expenses | | | | | | | |
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| Salaries | 93,922 | 440,195 | 668,026 | 81,979 | 12% | (11,943) | -13% |
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| Benefits | 35,214 | 158,843 | 157,029 | 24,321 | 15% | (10,893) | -31% |
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| Contracted Services | 394,104 | 6,603,867 | 4,958,787 | 330,024 | 7% | (64,080) | -16% |
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| Operating | 356,820 | 81,695 | 253,000 | 18,178 | 7% | (338,642) | -95% |
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| Utilities | 97,667 | 630,697 | 775,000 | 74,274 | 10% | (23,393) | -24% |
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| Transfer Out | - | 0 | 0 | - | 0% | - | NA |
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| Debt Service | - | 3,762,410 | 3,762,410 | - | 0% | - | NA |
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| Total Expenses | 977,727 | 11,677,707 | 10,574,252 | 528,775 | 5% | (448,952) | -46% |
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| Surplus (Deficit) | 972,649 | 931,655 | 14,464 | 3,739,020 | | (3,325,289) | -357% |
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| Grant Total Surplus (Deficit) | (903,820) | 6,538,711 | 14,464 | 9,833,054 | | 4,645,214 | 514% |
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| Adjust for FY26 Anomaly | | (5,605,564) | | | | | |
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| Adjusted Total Surplus (Deficit) | (903,820) | 933,147 | 14,464 | 9,833,054 | | 4,645,214 | 514% |
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