KENTUCKY STATE UNIVERSITY BOARD OF REGENTS
ACTION ITEM 7B
ACTION ITEM:
Approval of Fiscal Year 2022-2023 Operating Budget.
FACTS:
A balanced budget is generally recommended to the Board of Regents in June of each year, preceding the start of the fiscal year (July 1 through June 30). This year's budget has removed Land Grant restricted funds out of the E&G Budget, as was proposed in previous years' budget.
BUDGETARY IMPLICATIONS:
The unit alignment is only a recommendation based on current year operations. The budget includes a $7 million reduction. Final alignment will be based off the President's final review and decision for each department.
RECOMMENDATION:
VP/CFO Shields recommends that the Board of Regents approve the FY 2022-2023 Operating Budget.
MOTION:
Approve the FY 2022-2023 Operating Budget.
Finance and Administration