10 Kutztown University’s plan toward financial sustainability began with fiscal year 2018/19, when the university balanced the instructional and administrative budget, without the use of cash reserves, for the first time in eight years. KU has remained focused on this approach and continued this difficult work by balancing the budget without the use of cash reserves for the 7th consecutive year in 2024/25. This was accomplished on an annual basis through a combination of new revenue and base budget reductions. KU realized significant budget savings from position eliminations, faculty retirements, and reductions to department operating budgets and debt service obligations. Moving away from using cash reserves to balance the budget was a significant contributor towards this goal. These efforts have shown clear results in the form of improving financial indicators. KU’s unrestricted net assets and year-end cash balances now stand at $75 million and $87 million, which are the highest levels since June 30, 2017. Kutztown University has a consolidated operating budget of over $223 million. Main revenue sources include tuition, residence hall and dining fees, mandatory student fees, state support, and support from the Kutztown University Foundation. BUDGET Full All-In Budget (Fiscal Year 2023-2024) REVENUE Amount % of Total Tuition and Fees $ 78,586,362 35.15 Federal Operating Grants and Contracts 20,112,023 8.99 Sales and Services of Auxiliary Enterprises 40,734,023 18.22 State Appropriations 57,478,741 25.71 All Other Operating Grants and Contracts 17,515,162 7.83 Gifts, Investment Income, and Other 9,165,025 4.10 TOTAL REVENUE $223,591,336 EXPENDITURES Amount % of Total Instruction $ 55,322,955 27.31 Research 653,545 0.32 Public Services 12,877,323 6.36 Academic Support 8,882,496 4.38 Student Services 15,866,095 7.83 Institutional Support 19,701,290 9.72 Other Expenses 27,631,963 13.64 Scholarships 32,753,552 16.17 Auxiliary Services 28,917,113 14.27 TOTAL EXPENDITURES $202,606,332 100%
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