Operating Budget

Fiscal Year 2020
Table headers at top of each column. Totals in the last row.
Revenue1 FY19 Estimated Actuals FY20 Proposed Budget Change from Prior Year
$ %
State General Fund 48,888,800 53,811,500 4,922,700 10.1%
Tuition and E&G Fees 203,430,900 211,596,100 8,165,200 4.0%
Grants & Contracts 32,050,000 31,350,000 (700,000) -2.2%
University Private Funds2 18,623,500 17,859,400 (764,100) -4.1%
Auxiliary Revenue3 112,677,300 113,804,000 1,126,700 1.0%
Total Revenue $415,670,500 $428,421,000 $12,750,500 3.1%
Table headers at top of each column. Totals in the last row.
Expenditures, by Program1 FY19 Estimated Actuals FY20 Proposed Budget Change from Prior Year
$ %
Instruction 119,555,500 126,182,500 6,627,000 5.5%
Research 2,227,800 2,217,800 (10,000) -0.4%
Public Service 46,500 46,600 100 0.2%
Academic Support 32,907,700 33,914,300 1,006,600 3.1%
Student Services 10,266,000 10,521,400 255,400 2.5%
Institutional Support 33,985,000 35,073,900 1,088,900 3.2%
Plant Operations 20,766,700 22,497,100 1,730,400 8.3%
Financial Aid 50,078,700 53,630,200 3,551,500 7.1%
Sponsored Programs 32,217,600 31,425,000 (792,600) -2.5%
Auxiliary Services 110,075,200 112,504,400 2,429,200 2.2%
Total Expenditures $412,126,700 $428,013,200 $15,886,500 3.9%

1 Total revenues and expenditures exclude the Virginia Institute of Marine Science and funds maintained in university-affiliated foundations. 

University Private Funds includes current year revenue of $18.6 million in FY19.  In FY20, University Private Funds include projected current year revenue of $14.7 million plus $3.1 million from the beginning fund balance.  

Auxiliary Revenues include $900,000 generated in support of student financial aid.

Fiscal Year 2019

The Operating Budget Summary and Related Tuition & Fees (pdf) provides an overview of state appropriated operating budgets for fiscal year 2020 as recommended by the administration to the Board of Visitors. The summary provides a profile of both sources and uses of funds, as well as budget actions taken by the university for FY 2020 (approved in April 2019). If you experience difficulty accessing the content within the document, please contact our office for assistance.

Fiscal Year 2018

Review the annual Financial Report's Financial Overview to find data and commentary on the operating budget from fiscal year 2018.