Kentucky State University
Summary of E & G Revenue and Expenditures
2023-2024 Revised Budget
| FY 2024 | FY 2024 | FY 2024 Through Aug 31 2023 | FY 2024 Percent of Budget |
|---|
| Adopted Budget | Revised Budget | | |
|---|
| Tuition and Fees | 14,533,048 | 14,278,694 | 8,715,428 | 61% |
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| Student Uncollected Amounts | | | | |
|---|
| Non-Mandatory Fees | 312,500 | 270,000 | 30,305 | 11% |
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| Student Debt Relief - HEERF | 1,846,045 | - | - | |
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| Institutional Aid (Scholarships) | (2,000,000) | (2,000,000) | (99,164) | 5% |
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| Indirect Cost Reimbursement | 170,822 | 170,800 | 92,540 | 54% |
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| Other Sources | 914,471 | 200,000 | 107,501 | 54% |
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| State Appropriations Operating | 18,938,900 | 18,738,900 | 5,461,630 | 29% |
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| State Appropriations - Debt Service | 870,000 | 870,000 | 870,000 | 100% |
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| Total E&G Revenue | 35,585,786 | 32,528,394 | 15,178,240 | 47% |
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| | | | |
| Personnel Services | 21,260,172 | 21,747,500 | 3,208,209 | 15% |
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| Vacancy Credit | | (1,500,000) | | |
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| Operating Expenditures | 1,019,875 | 750,000 | 7,684 | 1% |
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| Travel Expenses | 733,335 | 600,000 | 2,521 | 0% |
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| Services and Contracts | 6,602,224 | 6,600,000 | 1,546,900 | 23% |
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| Maintenance | 4,297,976 | 1,100,000 | 281,715 | 26% |
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| Equipment | 503,252 | 400,000 | 39,324 | 10% |
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| Other Expenses | 3,207,652 | 1,500,000 | 68,634 | 5% |
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| Debt Service | 870,000 | 870,000 | 870,000 | 100% |
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| West Louisville - Moved to Grant | 200,000 | - | | |
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| Total E&G Expenses | 38,694,486 | 32,067,500 | 6,024,987 | 19% |
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| | | | |
| Contingency | - | 460,894 | | |
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| | | | |
| Surplus/(Deficit) | (3,108,700) | (0) | | |
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