KENTUCKY STATE UNIVERSITY BOARD OF REGENTS

• Auxiliary Enterprises – Unfavorable to budget as of 1/31/2021 due to contractual obligations for housing and dining services. Expenses are offset by the increase in Operating Revenues of $3,593,169. The FY2021 budget for Auxiliary Services was originally based on 40% student capacity on campus.

Non-Operating Revenue:

• State Appropriation – Includes state appropriation allotments for Q1, Q2, and Q3 of fiscal year 2021.

ALIGNMENT WITH STRATEGIC GOALS:

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

Goal 2: Achieve Academic Excellence Across all Programs and Colleges, Increase Student General Education Skills, Degree Persistence, Career Readiness and Graduation Rates.

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

PROGRAM IMPLICATIONS: N/A

FISCAL IMPLICATIONS: While some areas may show over budget, overall, the university is operating within its FY2020 Board approved budget.

RECOMMENDATION: N/A

ATTACHMENTS: YES