Annual University Budget
University Name: Global Research University
Fiscal Year: 2075
Start Date: January 1, 2075
End Date: December 31, 2075
Prepared By: [Your Name]
I. Revenue Sources
Revenue Source | Estimated Amount (in $) | Actual Amount (in $) | Variance ($) |
|---|
Tuition Fees | 50,000,000 | 48,500,000 | -1,500,000 |
Government Grants | 10,000,000 | 10,200,000 | +200,000 |
Private Donations | 5,000,000 | 4,800,000 | -200,000 |
Research Grants | 7,500,000 | 7,600,000 | +100,000 |
Other Income (e.g., endowments) | 2,000,000 | 1,900,000 | -100,000 |
Total Revenue | 74,500,000 | 72,000,000 | -2,500,000 |
II. Expense Allocation
Expense Category | Estimated Amount (in $) | Actual Amount (in $) | Variance ($) |
|---|
Salaries and Wages | 35,000,000 | 34,500,000 | -500,000 |
Academic Programs | 10,000,000 | 9,800,000 | -200,000 |
Student Services | 4,500,000 | 4,700,000 | +200,000 |
Facilities Maintenance | 3,000,000 | 2,800,000 | -200,000 |
Technology and Equipment | 2,500,000 | 2,300,000 | -200,000 |
Research Projects | 4,000,000 | 4,200,000 | +200,000 |
Other Operating Expenses | 3,500,000 | 3,600,000 | +100,000 |
Total Expenses | 62,500,000 | 61,100,000 | -1,400,000 |
III. Capital Expenditures
Capital Item | Estimated Amount (in $) | Actual Amount (in $) | Variance ($) |
|---|
New Buildings/Construction | 8,000,000 | 7,500,000 | -500,000 |
Major Equipment Purchases | 2,000,000 | 2,200,000 | +200,000 |
Renovations and Upgrades | 1,500,000 | 1,700,000 | +200,000 |
Other Capital Projects | 1,000,000 | 950,000 | -50,000 |
Total Capital Expenditures | 12,500,000 | 12,350,000 | -150,000 |
IV. Budget Summary
Category | Estimated Amount (in $) | Actual Amount (in $) | Variance ($) |
|---|
Total Revenue | 74,500,000 | 72,000,000 | -2,500,000 |
Total Expenses | 62,500,000 | 61,100,000 | -1,400,000 |
Total Capital Expenditures | 12,500,000 | 12,350,000 | -150,000 |
Net Surplus (Deficit) | - | - | -1,450,000 |
V. Notes and Explanations
Revenue Variances:
Tuition Fees were slightly under the estimate due to a lower-than-expected student enrollment rate.
Private Donations fell short by $200,000 due to a reduction in alumni donations compared to previous years.
Due to new funding opportunities, government Grants and Research Grants exceeded expectations, with an additional $200,000 and $100,000.
Expense Variances:
Salaries and Wages were lower than expected due to some vacant positions being unfilled for part of the year.
Student Services saw an increase of $200,000 allocated to expanding mental health services and student support programs.
Technology and Equipment were under budget due to delays in upgrading campus IT systems.
Capital Expenditures:
New Buildings/Construction was slightly under budget due to some delays in construction projects, causing the total cost to decrease.
Major Equipment Purchases were over budget due to unplanned upgrades to laboratory equipment.
Budget Templates @ Template.net
