KENTUCKY STATE UNIVERSITY E&G Funds Budget Allocation FY2021

SOURCE OF REVENUE FUNDSAmended FY20 BudgetProposed FY21 Budget
State Appropriation25,259,10024,115,085*
Tuition and Mandatory Fees17,000,00013,598,000
Non-mandatory (Optional) Fees500,000400,000
Employee Parking35,00028,000
Interest Income175,000-
Indirect Cost Recovery500,000400,000
Auxiliary Enterprises5,205,0002,082,000**
TOTAL REVENUE48,674,10040,623,086

Budget Notes

  • On April 30, 2020, the State Budget Director anticipated a General Fund revenue shortfall in the current fiscal year. All public postsecondary institutions' general appropriation funds were reduced by 1.0%. In anticipation of a subsequent budget reduction for FY2021, the state appropriation amount listed above includes a 5% reduction of $1,269,215.

Revenue for Auxiliary Services has been reduced by 50% due to an expected decline in students residing on campus

EXPENDITURES

ACADEMIC AFFAIRS
Personnel$ 7,955,800$ 8,121,647
Fringe Benefits$ 2,830,335$ 2,030,412
Operating Expenses$ 7,434,620$ 7,480,372
$ 18,220,755$ 17,632,431

Budget Notes

  1. Total Personnel: 197
  2. Operating expenses include general operating supplies, accreditation fees, state match appropriation of federal land-grant, and service/maintenance contracts including: Blackboard, CampusLabs, and Interfolio
AUXILIARY SERVICES
Personnel$ 132,759$ 116,200
Fringe Benefits$ 47,793$ 34,860
Operating Expenses$ 4,708,530$ 2,223,806
$ 4,889,082$ 2,374,866

Budget Notes

1. Total Personnel: 3

2. Operating expenses include general operating supplies and service/maintenance contracts including: Sodexo, Ricoh, and Follett