Operating Budget

Table headers at top of each column. Totals in the last row.
Revenue¹	FY22 Actuals	FY23 Budget	Change from Prior Year
Revenue¹	FY22 Actuals	FY23 Budget	$	%
State General Fund	65,479,563	74,277,400	8,797,837	13.44
Tuition and E&G Fees	248,807,666	247,317,000	-1,490,666	-0.60%
Grants & Contracts	29,088,065	31,350,000	2,261,935	7.78%
University Private Funds	12,972,017	14,502,100	1,530,083	11.80%
Auxiliary Enterprises	133,229,327	129,164,800	-4,064,527	-3.05%
Local Funds	35,061,934	34,970,000	-91,934	-0.26%
COVID Revenue²	4,004,675	0	-4,004,675	-100.00%
TOTAL REVENUE	$528,643,247	$531,581,300	$2,938,053	0.56%

Table headers at top of each column. Totals in the last row.
Expenditure by Program	FY22 Actuals	FY23 Budget	Change from Prior Year
Expenditure by Program	FY22 Actuals	FY23 Budget	$	%
Instruction	140,823,330	161,022,300	20,198,970	14.34%
Research	5,197,420	6,526,000	1,328,580	25.56%
Public Service	71,639	188,400	116,761	162.99%
Academic Support	43,347,675	46,203,900	2,856,225	6.59%
Student Services	14,621,167	20,745,114	6,123,947	41.88%
Institutional Support	35,839,844	41,466,922	5,627,078	15.70%
Plant Operations	21,078,205	23,571,200	2,492,995	11.83%
Financial Aid	69,319,578	68,369,000	-950,578	-1.37%
Sponsored Programs	29,217,288	31,481,900	2,264,612	7.75%
Auxiliary Enterprises	115,616,270	126,653,500	11,037,230	9.55%
Other	233,335	229,900	-3,435	-1.47%
COVID Expenses	4,004,675	0	-4,004,675	-100%
E&G Debt Service²	5,933,915	5,962,900	28,985	0.49%
TOTAL EXPENDITURES	$485,304,341	$532,421,036	$47,116,695	9.71%

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

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