Budget & Forecasting
Annual Budget
$12,500,000
For fiscal year 2023-2024
YTD Expenses
$5,245,678
42% of annual budget
YTD Revenue
$6,345,890
51% of annual target
Budget Variance
+$1,100,212
+8.8% favorable
Budget vs Actual
Comparison of budgeted and actual expenses by department
Budget Allocation
Distribution of budget across departments
| Department | Allocation | Percentage |
|---|---|---|
| Academic | $5,000,000 | 40% |
| Facilities | $2,500,000 | 20% |
| Admin | $1,875,000 | 15% |
| IT | $1,250,000 | 10% |
| Sports | $1,250,000 | 10% |
| Arts | $625,000 | 5% |