Elements of the Campus Budget
WCU's overall operating budget (referred to as the Current Funds Budget) totals $82,893,150 (Authorized State Appropriated Budget) in FY 2004-05 and $100,146,657 (Authorized State Appropriated Budget) in FY 2005-06, representing about 4.8% percent of the University of North Carolina system budget for FY 2005-06. The campus' budget cycle is based on the fiscal year, beginning July 1 of each year.
Three major categories comprise the Current Funds Budget, including State Appropriated Funding, Restricted Fund, and Auxiliary and Self-Funding Activities. State Appropriated Funding totaling $59,673,551 in FY2004-05 and $74,579,647 in FY 2005-06, and includes tuition and fees, state appropriations, indirect cost recoveries, and other miscellaneous sources (receipts for FY 2004-05 were $23,219,599 and $25,567,010 for FY 2005-06).
The Restricted Fund (amount available early September, 2006) covers sponsored research, state-funded student aid, gifts and other sources.
The five largest operations in the Auxiliary category, which totals $18 million, are Residential Living, Dining, Health, Athletics, and Campus Books, Supplies & Clothing.
On the expenditures side, the campus allocates about $55.2 million (43 percent of the total budget) to instruction, academic support and student services. Research and public service expenditures total $12.6 million (10 percent of the total budget) and include expenditures for activities specifically organized to conduct research. Other elements of the expenditures budget include scholarships and fellowships, institutional support, plant operations, auxiliary operations and transfers. For expenditure data, see the PACE spreadsheet, the Moody's Debt Capacity Analysis, or the Fact Book.