Table of Contents Introduction .................................................................................................................................................. 3 Executive Summary – FY 2021 Recap and FY 2022 Overview ..................................................................... 4 1. What is a budget anyway? ................................................................................................................... 5 2. Budget Drivers – Revenue .................................................................................................................... 7 State Funded Enrollment ........................................................................................................................ 8 Total Revenues – Operating Funds .......................................................................................................... 8 Tuition ....................................................................................................................................................... 9 3. Budget Drivers – Operating Expenses ............................................................................................... 11 4. The FY 2022 Operating Budget .......................................................................................................... 12 State and Tuition Fund ........................................................................................................................... 14 State Allotment ...................................................................................................................................... 14 Net Tuition Revenue .............................................................................................................................. 15 Expenditures – State and Tuition Fund ................................................................................................. 15 Local General Funds . ............................................................................................................................. 17 Student Activities Funds . ....................................................................................................................... 19 5. The FY 2022 Non-Operating Budget .................................................................................................. 21
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