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KU Budget for FY2008

The University of Kansas receives funding from a variety of sources. For the fiscal year ending June 30, 2008, state funds made up 22 percent of KU's overall $1.1 billion in annual revenue from all sources, accounting for $273 million of KU's FY 2008 budget.

At 18 percent, tuition comprised the second largest source of revenue for KU, while grants and contracts were the third largest source.

In terms of KU's expenditures, the largest single category is student instruction, which accounted for $291 million of the FY 2008 budget - 27 percent of all expenditures for the year. After that research and patient care made up the second and third largest categories, at 17 percent and 12 percent, respectively.

Click here for more information on the FY 2008 budget, including explanations of the categories used in these charts.

History

In 1999, the Kansas Legislature, the Kansas Board of Regents and the six state universities sought and achieved consensus on a new model to govern and operate Kansas universities, community colleges and technical schools. Senate Bill 345 provided for an increase in higher education funding with an requirement that all institutions covered by SB 345 will meet specified performance agreements to ensure higher education funding from the Kansas Legislature is efficiently spent.

Budget Process

Every June, the Kansas Board of Regents compiles a unified budget request from all the Kansas institutions including the University of Kansas. The unified budget is then submitted to the next session of the Kansas Legislature as part of the governor's upcoming budget for the next fiscal year. Rather than each postsecondary institution being funded separately, the Kansas Legislature provides a block grant to the Kansas Board of Regents, which in turn distributes the money based on a formula and whether a specific institution is meeting its performance agreement.

For more information about the budget cycle, visit the KU Budget Office.

KU Efficiencies

KU has an obligation to taxpayers, students and families to operate as efficiently as possible and Chancellor Robert Hemenway made increasing the efficiency of the university a priority during his tenure.

In December 2008, Hemenway outlined how the university is on track to save roughly $9 million in the 2008 and 2009 fiscal years through a variety of cost-cutting measures and strategic reinvestments.

The savings come from items as complex as a change in the purchasing rules that will save at least $1 million this year to items as simple as moving publications online. KU is always looking for ways to fulfill its mission of teaching, research and service more efficiently, with efforts being redoubled during these challenging economic times.

Chancellor Hemenway's Efficiencies Report

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