Sample expenses for the fictional “WJU.” Dollar amounts in millions. Model assumes expenses will stay constant in 2021.
Operating expenses, by budget category | 2020 budget | % of total | % of total, nationally |
---|---|---|---|
Academic | |||
Instruction | $87 | 29% | 30% |
Research | $5 | 2% | 10% |
Student financial aid | $12 | 4% | 4% |
Total Academic | $103 | 35% | 44% |
Administrative | |||
Academic support | $24 | 8% | 8% |
Student services | $12 | 4% | 6% |
Institutional support | $25 | 9% | 10% |
Operations and maintenance of plant | $24 | 8% | N/A |
Public service | $3 | 1% | 4% |
Auxiliary enterprises | $66 | 22% | 9% |
Depreciation/amortization | $15 | 5% | N/A |
Other (including Covid-19 spring charges) | $23 | 8% | 19% |
Total Administrative | $192 | 65% | 56% |
Total Operating Expenses | $296 | 100% | 100% |