KENTUCKY STATE UNIVERSITY FY 2014-15 PROPOSED FINANCIAL PLAN
| Approved Budget | Approved Budget | |
|---|---|---|
| Fringe Benefits | $673,000 | $595,400 |
| Operating Expenses | $1,077,000 | $914,600 |
| UNIVERSITY - Contingency | $500,000 | $750,000 |
| PRESIDENT'S OFFICE | ||
| Personnel | $1,411,700 | $2,179,800 |
| Fringe Benefits | $488,400 | $736,600 |
| Operating Expenses | $1,581,900 | $2,985,100 |
| SCHOLARSHIPS | $4,792,100 | $4,792,100 |
| $48,125,700 | $44,475,800 | |
| AUXILIARY ENTERPRISES | $6,409,900 | $6,187,500 |
| $54,535,500 | $50,663,300 | |
| ADDITIONAL EXPENSES | ||
| KTRS AND KERS INCREASES | $620,200 | |
| HEALTH INSURANCE INCREASES | $76,700 | |
| RETIREMENT SICK LEAVE | $250,000 | |
| COMPENSATION STUDY EXPENSE | $50,000 | |
| FACULTY PROMOTIONS | $79,300 | |
| ESSENTIAL POSITIONS | $541,000 | |
| ACCREDITATION COST | $40,000 | |
| UTILITIES INCREASES | $55,000 | |
| BAD DEBT EXPENSE | $800,000 | |
| LAB FEE EXPENSES | $107,500 | |
| HOMECOMING EXPENSES | $90,000 | |
| INDIRECT COST ALLOCATIONS (70%)(Net) | $131,700 | |
| $2,841,300 |
TOTAL UNIVERSITY EXPENDITURES $54,535,500 $53,504,600
SURPLUS / (DEFICIT) -$538,000 $0