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Newspaper accounts regarding the University budget are often confusing. In general, what are the categories of University revenue and expenses?

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Newspaper accounts regarding the University budget are often confusing. In general, what are the categories of University revenue and expenses?

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The University budget totals more than $155 million and consists of the following components: REVENUES……………………….Budget Portion Tuition and Fees…………………………………32% Gifts, Grants and Contracts…………………..24% State Appropriations……………………………21% Sales and Services………………………………17% Miscellaneous………………………………………3% Indirect Cost Recoveries………………………..2% Investment Income………………………………..1% EXPENSES………………………..Budget Portion Instruction…………………………………………..32% Research…………………………………………….14% Auxiliary Enterprises……………………………..14% Academic Support………………………………….9% Scholarships and Fellowships……………………9% Student Services…………………………………….8% Institutional Support…………..

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