Postsecondary Education Kentucky Higher Education Assistance Authority
Kentucky Higher Education Assistance Authority
Actual FY 2024Actual FY 2025Revised FY 2026Recommended FY 2027Recommended FY 2028
SOURCE OF FUNDS
General Fund
Regular Appropriation345,982,100369,805,400393,373,800393,193,800393,193,800
Continuing Approp-General Fund37,409,6148,675,54711,575,0001,714,7001,303,300
Budget Reduction-General Fund(180,000)
Other3,000,000
Total General Fund386,391,714378,480,947404,768,800394,908,500394,497,100
Restricted Funds
Balance Forward15,325,5785,303,55223,815,40021,493,80012,101,800
Current Receipts9,535,22617,011,35817,237,60019,115,10019,095,700
Non-Revenue Receipts10,133,422112,418,742101,642,90033,058,00033,074,200
Total Restricted Funds34,994,226134,733,652142,695,90073,666,90064,271,700
Federal Fund
Balance Forward(239,304)(137,893)
Current Receipts2,156,910226,39386,00086,00086,000
Total Federal Fund1,917,60688,50086,00086,00086,000
TOTAL SOURCE OF FUNDS423,303,546513,303,099547,550,700468,661,400458,854,800
EXPENDITURES BY CLASS
Personnel Costs14,033,62314,860,63418,563,90018,334,20018,320,000
Operating Expenses1,797,3561,879,7712,249,7002,276,7002,276,700
Grants Loans Benefits393,344,758460,978,210503,497,300434,385,400434,639,400
Capital Outlay286,602204,29731,300260,000290,000
TOTAL EXPENDITURES409,462,339477,922,913524,342,200455,256,300455,526,100
EXPENDITURES BY FUND SOURCE
General Fund377,716,166366,905,929403,054,100393,605,200393,859,200
Restricted Funds29,690,674110,918,320121,202,10061,565,10061,580,900
Federal Fund2,055,49998,66486,00086,00086,000
TOTAL EXPENDITURES409,462,339477,922,913524,342,200455,256,300455,526,100
EXPENDITURES BY UNIT
General Administration and Support15,697,48516,552,28220,444,90020,470,90020,486,700
College Access Program182,977,789232,021,221252,470,100210,022,300210,022,300
Kentucky Tuition Grant37,957,54743,465,66846,485,40038,381,60038,381,600
Teacher Scholarships1,175,8001,796,2123,962,7003,015,0003,015,000
Ky National Guard Tuition6,564,0937,176,0408,167,8007,448,1007,448,100
Ky Educational Excellence Scholarships113,855,519114,491,272116,182,800102,856,600102,856,600
Early Childhood Development Scholarships2,136,0332,363,6872,500,7002,500,0002,500,000
Kentucky Rural Veterinarian Loan Repayment Program62,500150,000252,500
Kentucky's Affordable Prepaid Tuition (KAPT)420,096392,421400,000400,000400,000
Coal County Scholarship for Pharmacy Students176,225244,553200,000250,000250,000
298