FY 2023 Expenses
What are revenues used for?
The illustration below represents the institution’s budget by natural class categories. It includes estimated expenses from all funding sources presented in the prior section of this document. The total available revenue supports the costs of personnel, operating, maintenance, travel, scholarships, utilities, and depreciation. The total budget for FY 23 by natural class categories is as follows.
FY 23 Budget by Natural Class and Interest on Debt Service
Percent | Budget | Revenue |
---|---|---|
65% | Personnel Costs | 448,029,183 |
14% | Operating and Travel | 98,549,470 |
10% | Scholarships and Fellowships | 65,252,451 |
9% | Depreciation and Amortization | 61,927,982 |
2% | Utilities | 10,904,820 |
.4% | Interest | 2,409,353 |
The illustration below includes the same expenses as above but classified according to the functional classifications created by the National Association of College and University Business Officers (NACUBO) to indicate the purpose of the expenditures. Definitions for each NACUBO classification code along with examples of expenses within each function is provided below.
FY 2023 Budget by Function and Interest on Debt Service
Percent | Budget | Revenue |
---|---|---|
31% | Instruction | 214,124,304 |
12% | Academic Support | 85,630,669 |
10% | Scholarships and Fellowships | 66,317,440 |
9% | Depreciation and Amortization | 61,927,982 |
7% | Research | 49,446,956 |
7% | Hospitals and Clinics | 47,321,918 |
6% | Operations and Maint. of Plant | 39,045,022 |
5% | Student Services | 37,642,384 |
5% | Institutional Support | 34,697,192 |
5% | Auxiliary Enterprises | 34,056,167 |
2% | Public Service | 14,453,872 |
0.4% | Interest | 2,409,353 |
NACUBO function classification codes
Function | Description |
---|---|
100−Instruction | Instructional activities associated with academic offerings. Academic department administration (department chair, associate chair), Continuing Education. Examples: Faculty Salaries, M&O for academic departments, Dept. Chair and School Director stipends. |
200−Research | Activities specifically organized to produce research, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. Examples: Faculty Start-up Funds, Faculty Salaries separately budgeted for time and effort toward research activities, internal and external restricted research projects, Indirect Cost Recovery (ICR). |
300−Public Service | Non-instructional services that primarily benefit individuals and groups outside UTRGV, such as community service activities, cooperative extension services, conferences, institutes, general advisory services, reference bureaus, radio and television, consulting, and similar non-instructional services to sectors of the community. Examples: Community Relations, SARA, Center for Manufacturing, Border Health Office, Public Health Program |
400−Academic Support | Support services for the institution’s primary programs of instruction, research, and public service. Includes classroom technology, development of curricula, and academic professional development. Examples: Deans' Offices, Library, Academic Advising, Writing Center, Faculty Success, The Learning Center, Graduate College, Provost Office |
500−Auxiliary | Activities that provide goods or services primarily to students, faculty, and staff, and charge a fee that is directly related to the cost of the goods or services. An auxiliary enterprise is managed to operate as a self-supporting activity. Over time the revenues will equal or exceed expenses. Examples include Athletics, Food Services, Housing, Parking, Student Union |
600−Student Services | Expenses incurred for offices of admissions and the registrar and activities that, as their primary purpose, contribute to students’ emotional and physical well-being and intellectual, cultural, and social development outside the context of the formal instruction program. Examples: Admissions, Registrar, Student Life, Counseling Center, Student Success, Financial Aid, |
700−Institutional Support | Assistance and support for the administration and operation of the University or a given campus as a whole, as opposed to support of specific programs or units. Examples: President's Office, HR, Planning and Analysis, Purchasing, Payroll, Legal Affairs, Auditing, Government Relations, etc. |
800−Operation and Maintenance of Plant | The administration, supervision, operation, maintenance, preservation of physical plant. Examples: Facilities, Utilities, Police, Campus Safety |
997−Scholarships and Fellowships | Scholarships and fellowships. Includes financial aid grants, scholarships, tuition and fee waivers, and awards to students. |
H99- Hospitals and Clinics | Patient care operations of a hospital, including nursing and other professional services, general services, administrative services, and fiscal services. Examples: Clinical practice plans (School of Medicine) |
Depreciation | Expense recognition on long-term assets |