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 2014 will provide FY 2013 figures.
KU receives funding from a variety of sources. For the fiscal year ending June 30, 2012, grants and contracts made up a quarter of KU’s overall $1.24 billion in annual revenue from all sources, accounting for $308.3 million of KU’s FY 2012 budget.
Tuition and fees were the second largest source of revenue, accounting for $249.8 million, followed by state appropriations at $246.7 million.
KU's FY 2012 Revenue Sources. (Total may not add up to 100 percent due to rounding.)
In terms of KU’s expenditures, the largest single category is student instruction, which accounted for $324.4 million of the FY 2012 budget – 28 percent of all expenditures for the year. After that research was the second largest category at 22 percent.
KU's FY 2012 Expenditures. (Total may not add up to 100 percent due to rounding.)
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.
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.
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.