Operating Budget

Table headers at top of each column. Totals in the last row.
Revenue¹	FY24 Actuals	FY25 Budget	Change from Prior Year
Revenue¹	FY24 Actuals	FY25 Budget	$	%
State General Fund	111,132,125	118,234,103	7,101,978	6.39%
Tuition and E&G Fees	262,187,144	266,025,111	3,837,967	1.46%
Grants & Contracts	71,291,755	61,686,871	-9,604,884	-13.47%
University Private Funds	17,784,661	15,120,118	-2,664,543	-14.98%
Auxiliary Enterprises	144,601,564	145,725,716	1,124,152	0.78%
Local Funds	42,226,723	40,547,000	(1,679,723)	-3.98%
COVID Revenue	0	0	0	0.00%
TOTAL REVENUE	$649,223,972	$647,338,919	$-1,885,053	-0.29%

Table headers at top of each column. Totals in the last row.
Expenditure by Program	FY24 Actuals	FY25 Budget	Change from Prior Year
Expenditure by Program	FY24 Actuals	FY25 Budget	$	%
Instruction	160,056,925	175,173,688	15,116,763	9.44%
Research	21,273,666	22,144,978	871,312	4.10%
Public Service	249,510	163,693	-85,817	-34.39%
Academic Support	63,704.239	63,642,731	-61,508	-0.10%
Student Services	18,180,072	24,017,479	5,837,407	32.11%
Institutional Support	53,154,686	54,430,916	1,276,230	2.40%
Plant Operations	28,898,870	30,215,685	1,316,811	4.56%
Financial Aid	68,874,847	71,067,377	2,492,530	3.63%
Sponsored Programs	69,857,688	61,818,771	-8,038,917	-11.51%
Auxiliary Enterprises	132,279,607	141,440,226	9,160,619	6.93%
Other	256,053	214,400	-41,653	-16.27%
COVID Expenses	60,183	-	-60,183	-100.00%
E&G Debt Service²	5,945,947	5,962,900	173	0.00%
TOTAL EXPENDITURES	$622,492,297	$650,276,064	$27,783,767	4.46%

¹Total revenues and expenditures exclude the Virginia Institute of Marine Science and funds maintained in university-affiliated foundations.

²Debt service expenditures related to auxiliary enterprises and sponsored programs are included in those fund expense totals above.