2023-2024 Revenues and Expenditures
Revenues
Operating (Unrestricted) Fund
| Actual 2021-22 | % | Actual 2022-23 | % | Budgeted 2023-24 | % | |
|---|---|---|---|---|---|---|
| Revenues by Source | ||||||
| State Funds | $25,469,128 | 35.7% | $25,120,716 | 37.6% | $26,198,642 | 34.7% |
| Self-Generated Funds | $45,939,779 | 64.3% | $41.664,399 | 62.4% | $49,389,120 | 65.3% |
| Total Revenues | $71,408,907 | 100.0% | $66,785,115 | 100.0% | $75,587,762 | 100.0% |
Expenditures
Operating (Unrestricted) Fund
| Actual 2021-22 | % | Actual 2022-23 | % | Budgeted 2023-24 | % | |
|---|---|---|---|---|---|---|
| Expenditures by Function | ||||||
| Instruction | $28,564,863 | 40.0% | $27,472,790 | 41.1% | $31,766,390 | 42% |
| Research | $588,091 | 0.8% | $572,046 | 0.9% | $564,776 | 0.7% |
| Academic Support | $5,445,687 | 7.6% | $5,069,280 | 7.6% | $5,626,081 | 7.4% |
| Student Services | $4,170,844 | 5.9% | $3,852,087 | 5.8% | $3,953,369 | 5.2% |
| Institutional Services | $7,777,528 | 10.9% | $7,799,129 | 11.7% | $8,191,699 | 10.8% |
| Scholarships/Fellowships | $6,746,671 | 9.5% | $5,807,243 | 8.7% | $6,020,577 | 8.1% |
| Plant Operations/Maintenance | $5,623,308 | 7.9% | $5,867,476 | 8.8% | $7,769,146 | 10.3% |
| Transfers out of agency | $1,677,695 | 2.3% | $4,166,769 | 6.2% | $4,771,269 | 6.3% |
| Athletics | $3,870,357 | 5.4% | $4,124,319 | 6.1% | $4,124,319 | 5.5% |
| Other | $6,943,862 | 9.7% | $2,053,976 | 3.1% | $2,800,136 | 3.7% |
| Total Expenditures | $71,408,907 | 100.0% | $66,785,115 | 100.0% | $75,587,762 | 100.0% |
| Actual 2021-22 | % | Actual 2022-23 | % | Budgeted 2023-24 | % | |
|---|---|---|---|---|---|---|
| Expenditures by Expense Category | ||||||
| Salaries | $30,674,379 | 42.9% | $28,898,047 | 43.3% | $31,522,046 | 41.7% |
| Other Compensation | $523,462 | 0.7% | $511,716 | 0.8% | $324,831 | 0.4% |
| Related Benefits | $14,196,862 | 19.9% | $13,826,176 | 20.7% | $15,215,489 | 20.1% |
| Travel | $41,639 | 0.1% | $52,289 | 0.1% | $43,200 | 0.1% |
| Operating Services | $4,557,262 | 6.4% | $4,753,711 | 7.1% | $4,896,763 | 6.5% |
| Supplies | $537,606 | 0.8% | $504,470 | 0.8% | $712,170 | 0.9% |
| Professional Services | $556,495 | 0.8% | $428,181 | 0.6% | $325,250 | 0.4% |
| Other Charges | $17,590,684 | 24.6% | $12,308,450 | 18.4% | $13,025,032 | 17.2% |
| Interagency Transfers | $$1,677,695 | 2.3% | $4,166,769 | 6.2% | $4,771,269 | 6.3% |
| General Acquisitions | $873,017 | 1.2% | $1,121,722 | 1.7% | $3,861,712 | 5.1% |
| Library Acquisitions | $118,733 | 0.2% | $138,586 | 0.2% | $140,000 | 0.2% |
| Major Repairs | $61,073 | 0.1% | $74,998 | 0.1% | $750,000 | 1.1% |
| Total Expenditures | $71,408,907 | 100.0% | $66,785,115 | 100.0% | $75,587,762 | 100.0% |