Operating Budget

Fiscal Year 2027

Fiscal Year 2027 budget and actuals

Revenue1	Approved FY 2026	Approved FY 2027	$ Change from Prior Year	% Change from Prior Year
State General Fund	93,157,457	101,706,092	8,548,635	9.2%
Tuition and E&G Fees	270,878,716	271,056,895	178,179	0.1%
Grants & Contracts	31,350,000	33,305,431	1,955,431	6.2%
University Private Funds	14,980,000	15,358,749	378,749	2.5%
Auxiliary Revenue	144,558,120	146,962,915	2,404,795	1.7%
Local Funds	45,777,131	48,748,464	2,971,333	6.5%
Operating Interest	-	1,320,914	1,320,914	N/A
TOTAL REVENUE	$600,701,424	$618,459,460	$17,758,036	3.0%

fy27 budget expenditures by program

Expenditure by Program	Approved FY 2026	Approved FY 2027	$ Change from Prior Year	% Change from Prior Year
Instruction	177,551,264	179,278,168	1,726,904	1.0%
Research	8,074,599	9,083,024	1,008,425	12.5%
Public Service	171,481	278,950	107,469	62.7%
Academic Support	57,613,639	60,081,497	2,467,858	4.3%
Student Services	20,747,508	21,266,994	519,486	2.5%
Institutional Support	57,445,956	62,128,701	4,682,745	8.2%
Plant Operations	26,107,290	27,419,612	1,312,322	5.0%
Financial Aid	72,704,143	73,431,200	727,057	1.0%
Sponsored Programs	31,481,900	33,437,331	1,955,431	6.2%
Auxiliary Services	137,588,964	142,647,172	5,058,208	3.7%
Other	256,052	321,975	65,923	25.7%
E&G Debt Service2	5,935,360	6,698,631	763,271	12.9%
TOTAL EXPENDITURES	$595,678,156	$616,073,255	$20,395,099	3.4%

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

²  Debt service expenditures related to auxiliary enterprises and sponsored programs are included in those fund expense totals above.