Kentucky State University
FY23 Budget Projection
| | | | | |
| Sources of Revenue | Board Approved Budget FY21/22 | Acutal 04/30/2022 | Percent Received | Projected Revenue FY22/23 | Percentage of Budget |
|---|
| State Appropriation* | 18,975,700.00 | 18,975,700.00 | 100% | 18,235,600.00 | 49.52% |
|---|
| Tuition and Mandatory Fees | 15,666,000.00 | 16,567,463.00 | 106% | 15,000,000.00 | 40.74% |
|---|
| Non-Mandatory Fees | 675,000.00 | 171,621.00 | 25% | 300,000.00 | 0.81% |
|---|
| Employee Parking | 30,000.00 | 38,770.00 | 129% | 10,000.00 | 0.03% |
|---|
| Interest Income | 10,586.00 | 279.00 | 3% | 1,000.00 | 0.00% |
|---|
| Indirect Cost Recovery | 400,000.00 | 198,176.00 | 50% | 175,000.00 | 0.48% |
|---|
| Auxiliary Enterprise | 6,021,000.00 | 3,328,522.00 | 55% | 3,100,000.00 | 8.42% |
|---|
| Total Sources of Revenue: | 41,778,286.00 | 39,280,531.00 | 94% | 36,821,600.00 | 100% |
|---|
| | | | | |
| Expenditures by Unit | Board Approved Budget FY21/22 | Actual As of 04/30/2022 | Variance % | Projected Expenses FY 22/23 | Percentage of Budget |
|---|
| Academic Affairs** | 12,324,810.00 | 10,050,120.00 | 82% | 10,545,000.00 | 30.3% |
|---|
| Auxiliary Services | 4,094,663.00 | 4,793,101.00 | 117% | 4,500,000.00 | 12.9% |
|---|
| Board of Regents | 510,824.00 | 166,726.00 | 33% | 158,286.00 | 0.5% |
|---|
| Brand identity & University Relations | 1,166,214.00 | 945,521.00 | 81% | 900,000.00 | 2.6% |
|---|
| Campus Athletics | 2,126,674.00 | 2,095,194.00 | 99% | 2,100,000.00 | 6.0% |
|---|
| Facilities and Infrastructure | 4,789,436.00 | 5,237,225.00 | 109% | 5,500,000.00 | 15.8% |
|---|
| Finance and Administration | 11,296,520.00 | 6,289,295.00 | 56% | 6,575,000.00 | 18.9% |
|---|
| Office of General Counsel | 586,019.00 | 587,484.00 | 100% | 600,000.00 | 1.7% |
|---|
| The President's Office | 826,610.00 | 586,953.00 | 71% | 700,000.00 | 2.0% |
|---|
| Student Engagement/Campus Life | 2,178,577.00 | 2,155,065.00 | 99% | 2,000,000.00 | 5.8% |
|---|
| Student Success | 1,877,939.00 | 1,281,931.00 | 68% | 1,200,000.00 | 3.5% |
|---|
| Total Expenditures Operations: | 41,778,286.00 | 34,188,615.00 | 82% | 34,778,286.00 | 100.0% |
|---|
Contigency & Reserve Funds $ 2,043,314.00
$ 36,821,600.00
MANDATED STATE REDUCTION $ 7,000,000.00