Revenue by Type
The total operating revenue for FY22 is anticipated to increase compared to the previous year. This is mostly related to restrictions that were set in place during the pandemic with the diminishing density on campus. The restrictions that impacted the operating revenue have been lifted. $231,048
Tuition Revenue Trend Net tuition is almost half of the revenues that are needed to cover core activities in the State and Tuition Fund. FY22 is expected to look more in line with pre- pandemic activity. This is primarily due to the 2.8% increase on tuition rate along with the slight change in the mix of students away from resident undergraduate students to resident graduate tuition which pay a higher tuition rate.
State Allocation Trend
The state allocation for FY22 is anticipated to have a slight increase from the previous year of 1%. This will help offset cost of living adjustments along with other state funded policy initiatives.
Total Operating Revenue
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