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FY 2017-18 Approved BudgetFY 2018-19 Proposed BudgetFY 2019-20 Proposed Budget
State Appropriation26,729,60025,459,00025,259,100
Tuition and Mandatory Fees15,887,50015,960,00018,030,000
Non-mandatory (Optional) Fees430,600430,000500,000
Employee Parking33,40035,00035,000
Interest Income100,000100,000100,000
Indirect Cost Recovery500,000500,000500,000
Fund Balance---
Auxiliary Enterprises3,734,5004,500,0005,000,000
TOTAL REVENUE47,415,60046,984,00049,424,100
EXPENDITURES
PRESIDENTIAL AREA
Personnel1,135,200950,200950,200
Fringe Benefits442,800370,600370,600
Operating Expenses475,360537,400537,400
2,053,3601,858,2001,858,200
ATHLETICS
Personnel922,500772,100772,100
Fringe Benefits348,731291,900291,900
Operating Expenses593,500577,500577,500
1,864,7311,641,5001,641,500
ACADEMIC AFFAIRS
Personnel8,465,9287,442,9007,442,900
Fringe Benefits3,247,5382,902,5002,992,500
Operating Expenses646,8001,156,8001,156,800
12,360,26611,502,20011,592,200
LAND GRANT6,671,2006,651,4006,584,900
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FY 2017-18 Approved BudgetFY 2018-19 Proposed BudgetFY 2019-20 Proposed Budget
STUDENT ENGAGEMENT
Personnel2,319,2891,743,4001,743,400
Fringe Benefits804,838692,500955,600
Operating Expenses5,124,6004,799,3005,399,300
8,248,7277,235,2008,098,300
UNIVERSITY POLICE
Personnel594,250497,500497,500
Fringe Benefits171,923143,600200,000
Operating Expenses110,00092,10092,100
876,173733,200789,600
FINANCE AND ADMINISTRATION
Personnel1,551,3001,298,4001,298,400
Fringe Benefits417,081349,100481,700
Operating Expenses1,638,2591,836,0001,836,000
3,606,6403,483,5003,616,100
INSTITUTIONAL ADVANCEMENT
Personnel760,976213,400213,400
Fringe Benefits297,85174,700103,000
Operating Expenses131,00052,80052,800
1,189,827340,900369,200
BRAND IDENTITY
Personnel-395,400395,400
Fringe Benefits-134,400185,500
Operating Expenses-210,300210,300
-740,100791,200
INFORMATION TECHNOLOGY
Personnel665,973557,400557,400
Fringe Benefits260,662218,200301,100
Operating Expenses500,400820,800820,800
1,427,0351,596,4001,679,300
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FY 2017-18 Approved BudgetFY 2018-19 Proposed BudgetFY 2019-20 Proposed Budget
FACILITIES
Personnel1,361,5421,139,6001,139,600
Fringe Benefits532,899446,000615,500
Operating Expenses3,121,0003,578,5003,700,200
5,015,4415,164,1005,455,300
AUXILIARIES
Personnel70,000100,000125,000
Fringe Benefits35,00050,00069,000
Operating Expenses3,674,5004,350,0004,806,000
3,779,5004,500,0005,000,000
UNIVERSITY GENERAL
Personnel90,60076,10076,100
Fringe Benefits34,40028,80039,800
Operating Expenses197,700182,400182,400
322,700287,300298,300
$1,886 Initiative900,000-
Performance Salary Pool-1,300,000
Contingency-350,000350,000
TOTAL EXPENDITURES47,415,60046,984,00049,424,100
===== PAGE 4 ===== # KENTUCKY STATE UNIVERSITY BUDGET RESOLUTION BE IT RESOLVED, that upon due consideration and upon recommendation of the Kentucky State University President, the following operating budget authorizations totaling $46,984,000 are approved for the fiscal year beginning July 1, 2018, and ending June 30, 2019, and totaling $49,424,100 are approved for the fiscal year beginning July 1, 2019, and ending June 30, 2020. In the event revenues estimated should not be realized, the President shall take appropriate action to reduce budget authorizations to amounts sufficient to ensure that expenditures do not exceed available revenues. The President shall report to the Board of Regents in advance any major deviations from the approved operating budget. In the event actual annual revenues exceed estimated revenues, the President may authorize an increase in the unrestricted current funds expenditure budget up to 5.0 percent of the Board's authorized expenditure level. Increases greater than 5.0 percent of the authorized expenditure budget must have prior approval of the Board. The Kentucky State University Quarterly Financial Report shall contain sections that reflect the July 1 opening budget, amendments to the opening budget, and expenditures to date. This report shall provide the necessary detail for amending the budget as permitted by this resolution. Equipment and capital construction projects with scopes greater than the thresholds contained in KRS Chapter 45 shall be approved by the Board of Regents, the Council on Postsecondary Education, as required by the relevant statutes. All units and individuals within Kentucky State University incurring financial obligations of university funds resulting from this authorization shall observe and adhere to applicable laws, regulations, and policies of the Commonwealth of Kentucky and the Kentucky State University Board of Regents, which govern the expenditure and disbursement of funds. Heads of various budget units shall not authorize nor incur financial obligation in excess of the budget authorization for that budgetary unit. This budget and its provisions will be effective July 1, 2018, through June 30, 2020. ADOPTED, this 6th day of June 2018.
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Dr. Elaine Farris, Chair ___ Kentucky State University Board of Regents
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Dr. M. Christopher Brown II, Board Secretary Kentucky State University Board of Regents