Operating fund adjusted budget (March 31, 2017)
This report on Memorial’s adjusted general operating budget includes high-level details by account and unit followed by a more detailed breakdown by function. The information in this report is best used to indicate funding that was available to the unit to operate in the reporting fiscal year 2016-17. It does not forecast funding that will be available in subsequent years.
The report does not reflect Memorial’s consolidated entity. As such, this report does not include sponsored research, special purpose and trust, ancillary, capital or endowment funds.
Adjusted budget is derived from the base budget +/- one-time adjustments due to variances in budgeted operating grants, tuition revenue, and other income. The base budget is approved by the Board of Regents.
Memorial’s general operating fund accounts for the institution’s primary operating activities of instruction and research, other than sponsored research.
Fund revenue includes government grants, student tuition and other fees (for credit and non-credit courses), and income from private and other unrestricted sources. Fund income also includes investment income, if the corresponding expenditures are reported in the general operating fund.
Fund expenditures are for the general operating costs of the institution including instruction and research, academic support services, library, student services, administrative services, plant maintenance, external relations and other operating expenditures of the institution. Fund expenditures also include the purchase of capital assets, if the corresponding income is reported in the general operating fund.
Full document or operating fund adjusted budget revenues and expenditures by: