Approval of Revised Budget for Fiscal Year 2024 (FY24).
KSU's revised budget is being presented to continue fiscal operations for the new fiscal year. This budget is based on the following assumptions:
Projections are based on registration reports dated August 31, 2023.
A combined drop/uncollectable percentage of 10% is estimated for FY24 due to lack of preparation for Fall 2023 by the previous administration.
Spring enrollment is expected to be 93% of fall enrollment based on previous trend analysis.
The structure for the revised FY24 budget is categorized into three sections:
Education & General
Auxiliary
Asset Preservation
The Asset Preservation budget is listed independently and no revisions were needed.
Based on the recommendation from the external auditors and the Council on Postsecondary Education (CPE), Land Grant Match has been moved to a grant fund so that it can be properly reflected as restricted.
West Louisville of $200K has also been moved to a grant fund and not reflected in state appropriation totals
Year to Date (YTD) consists of data as of August 31, 2023.
Tuition revenue was derived from the following enrollment and tuition projection:
| Part-time | 235 |
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| Full-time Res Halls | 926 |
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| Full-time Non-Res Halls | 379 |
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| Total Enrollment | 1,540 |
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