5. The FY 2022 Non-Operating Budget The non-operating fund groups are a diverse collection of funds that typically work on an expense reimbursement model. For instance, capital and grants are funds that receive spending authority from the state and federal governments; we spend the money on the required purposes and then seek reimbursement. This group also includes the internal service funds that exist to provide services to the university, generally at cost plus a small markup for asset replacement (such as the motor pool and print shop). Also included in here are the Trust, Loan, and Agency funds, for which CWU acts as an agent for resources that are not technically ours (such as student scholarships that come with the students from outside the university). Notable in FY21 is the Grants & Contracts fund which includes federal HEERF II and part of HEERF III funds that were not contemplated in the prior year budget. There are annual anomalies due mostly to our fiscal-year cycle not coinciding with the granting authority fiscal cycle. However, these funds should operate at break-even over time. Below is a comparison of the FY21 budget to actual results, and the proposed budget for FY22. Note that the final results for FY21 will likely improve as capitalization entries are still pending, and the final construction repayment from the State is received.
FY 2021 Preliminary
2022 Budget
NON-OPERATING FUNDS
Budget
Actual
% Budget
Variance
Budget 2021 vs. 2022
Revenues Capital Funds
47,260 49,868
40,571 69,455
85.8%
(6,689) 19,587 (1,714) (1,718)
41,953 49,869
1,382
Grants & Contracts
139.3%
(19,586)
Internal Service
8,678 6,881
6,964 5,163
80.2% 75.0%
9,300 5,163
2,336
Trust, Agency & Loan Total Non-Operating Revenues
0
112,687
122,153
108.4%
9,466
106,285
(15,868)
Expenses Capital Funds
49,169 49,868
40,982 70,972
83.3%
8,187
42,138 49,869
1,156
Grants & Contracts
142.3%
(21,104)
(21,103)
Internal Service
9,373 5,746
7,954 4,107
84.9% 71.5%
1,419 1,639
9,443 5,063
1,489
Trust, Agency & Loan Total Non-Operating Expenses
956
114,156
124,015
108.6%
(9,859)
106,513
(17,502)
Revenue Less Expense
(1,469)
(1,862)
(393)
(228)
1,634
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