June 30, 2016
The University continues to face financial challenges to maintain and upgrade its capital assets including its infrastructure, buildings and grounds. A combination of revenue sources fund the University's investment in capital improvements. Those include appropriations provided by the Commonwealth of Kentucky. In fiscal year 2015-16, the Commonwealth funded one capital project; appropriating $10.4 million in state bond funds toward Repair Boilers and Aging Distribution Lines. State capital appropriations for deferred maintenance were not appropriated. Federal funds are the primary source for the University's College of Agriculture and Land Grant departments.
In the tables below, expenses have been categorized into designated or non-designated spending categories. The designated spending category includes funds expended by function from contracts and grants, land grant, auxiliary and depreciation. These funds must be expended for the purposes for which the funds were received or budgeted. This category also includes funds for student aid. All other spending is categorized as non-designated spending. Total spending for all functions in the non-designated category decreased by approximately $6.4 million in 2016, primarily due to decreases in available revenue and corresponding budget reductions.
| 2016 | |||
| Designated Spending | Non-designated Spending | Combined Spending | |
|---|---|---|---|
| Instruction | $ 370,589 | $ 9,090,312 | $ 9,460,901 |
| Research | 5,300,249 | 1,160,763 | 6,461,012 |
| Public service | 5,309,416 | 2,205,324 | 7,514,740 |
| Academic support | 1,689,059 | 1,170,040 | 2,859,099 |
| Student services | 1,001,060 | 4,316,586 | 5,317,646 |
| Institutional support | 1,287,531 | 9,462,217 | 10,749,748 |
| Operation and plant maintenance | - | 4,627,724 | 4,627,724 |
| Student aid | 5,594,355 | 392,891 | 5,987,246 |
| Auxiliary | 4,196,218 | - | 4,196,218 |
| Depreciation | 4,150,543 | - | 4,150,543 |
| Total | $ 28,899,020 | $ 32,425,857 | $ 61,324,877 |