KENTUCKY STATE UNIVERSITY BOARD OF REGENTS

DATE:May 11, 2021
SUBJECT:Review of the FY2022 Budget Allocation Plan and Assumptions
FROM:FINANCE AND ADMINISTRATION
ACTION ITEM:NO

BACKGROUND: KRS 164.350 directs the Kentucky State University Board of Regents, upon recommendation of the President, to adopt an allocation process for distributing funds appropriated to Kentucky State University by the General Assembly. KRS 164.350 also directs the Board of Regents to assure that the budget planning and implementation processes are consistent with the adopted strategic agenda, the biennial budget, and the mission of Kentucky State University.

SUMMARY OF PROGRAMS/ACTIVITIES: Discussion of the potential FY2022 campus operations budget to ensure sustainable institutional operations and ongoing viability. The presentation will focus on revenue projections and expenditure assumptions.

ALIGNMENT WITH STRATEGIC GOALS:

Goal 1: Enhance Student Enrollment, Improve Student Life and Engagement, and Improve Student Advising and Career Development.

Goal 3: Increase the University's Financial Strength and Operational Efficiency.

PROGRAM IMPLICATIONS: N/A

FISCAL IMPLICATIONS: The proposed budget aligns ongoing revenues with recurring expenses.

RECOMMENDATION: N/A

ATTACHMENTS: YES