Budget

KU Revenues and Expenditures

This page provides an overview of the revenues and expenditures for the University of Kansas and is updated when the annual financial report is issued after the first of each year. The next update in early 2015 will provide FY 2014 figures.

KU receives funding from a variety of sources. For the fiscal year ending June 30, 2013, grants and contracts made up just under a quarter of KU’s overall $1.18 billion in annual revenue, accounting for $288.5 million of KU’s FY 2013 budget.

Tuition and fees were the second largest source of revenue, accounting for $262.5 million, followed by state appropriations at $247.4 million.

Note: Only a portion of all support from KU Endowment is reflected in the chart below. Of the $109.4 million in support provided to the university by KU Endowment in FY 2013, $68.8 million was spent directly by KU Endowment on the university's behalf. The remainder is reflected below and in the university's financial statements.

KU's revenue sources

KU's FY 2013 Revenue Sources. (Total may not add up to 100 percent due to rounding.)

Click here for explanations of the revenue categories.

In terms of KU’s expenditures, the largest single category is student instruction, which accounted for $361.5 million of the FY 2013 budget – 32 percent of all expenditures for the year. Research was the second largest category at 24 percent.

KU's expenses

KU's FY 2013 Expenditures. (Total may not add up to 100 percent due to rounding.)

Click here for explanations of the expense categories.

 

Savings and Efficiencies

The university is undertaking a multi-year streamlining of its administrative operations called Changing for Excellence. Savings from projects that range from renegotiation of supplier agreements to the merger of maintenance operations are already being realized.  These funds are being reinvested in KU’s teaching and research mission, such as through the hiring of 22 new faculty members. This will enable KU to further leverage the strategic investments being made by Kansas policymakers.

For progress reports on specific areas, visit cfe.ku.edu.
 

History

In 1999, the Kansas Legislature, the Kansas Board of Regents and the six state universities sought and achieved consensus on a new model to govern and operate Kansas universities, community colleges and technical schools. Senate Bill 345 provided for an increase in higher education funding with an requirement that all institutions covered by SB 345 will meet specified performance agreements to ensure higher education funding from the Kansas Legislature is efficiently spent.

Over the past 15 years, the amount from the State General Fund that the university receives has declined significantly. These charts show SGF funding levels on a per-student basis, in actual dollars and in inflation-adjusted dollars.

 

Budget Process

Every June, the Kansas Board of Regents compiles a unified budget request from all the Kansas institutions including the University of Kansas. The unified budget is then submitted to the next session of the Kansas Legislature as part of the governor's upcoming budget for the next fiscal year. Rather than each postsecondary institution being funded separately, the Kansas Legislature provides a block grant to the Kansas Board of Regents, which in turn distributes the money based on a formula and whether a specific institution is meeting its performance agreement.

For more information about the budget cycle, visit the KU Budget Office.

 


Matt Menzenski, a graduate student in Slavic languages & literatures, took this photo during President Obama’s speech at KU Thursday. Menzenski says he was struck by how relaxed the president was in his delivery. He missed a chance to hear former President Bill Clinton speak in his hometown in 2004, but finally got to see a sitting president this week at KU. “The opportunity to hear the president speak is just one of many great opportunities I've had at KU. So many interesting talks and events happen here all the time. I try to attend at least one a week-- it's never hard to find something interesting to go to.” Tags: University of Kansas College of Liberal Arts and Sciences KU School of Languages, Literatures & Cultures KU Dept of Slavic Languages - Friends & Alumni Barack Obama The White House #exploreKU #POTUSatKU

Class outside… in January. Yes, please. #exploreKU (📷: insta samh131) http://t.co/FsKGMcomAG
Explore KU: The Bells of Mount Oread KU’s Campanile, a 120-foot-tall timepiece that tolls automatically on the hour and quarter-hour, not only sounded in the 2015 New Year at midnight with 12 mighty gongs, but also regularly rings up memories for many Jayhawks – the 277 faculty and students who gave their lives during World War II, the graduates who walk through its doors at commencement, and aspiring students who have strolled through the Lawrence campus. (See http://bit.ly/1xjjwJj). For nearly 60 years, KU’s 53-bell carillon has been tolling the sounds of peace and serenity across Mount Oread since it was installed in June 1955 inside the landmark World War II Memorial Campanile, which was dedicated in 1951. (See http://bit.ly/1BoL9jv) The carillon is also a four-octave musical instrument, which is played with a giant keyboard and foot pedals. University Carillonneur Elizabeth Egber-Berghout (http://bit.ly/14fiBPl), associate professor of carillon and organ, climbs 77 steps up a spiral staircase in the bell tower to perform recitals several times a month.


Internationally recognized programs
Millions in grants and contracts for research
Generous financial support for students
Research projects that stretch to Antarctica, Greenland, and numerous points in between
Birthplace and home of Treatise on Invertebrate Paleontology
A thriving field program that sends undergraduate and graduate students throughout the world
Industry recruiters who visit annually to hire KU Geology's graduating students