Tuition revenue, which supports the university’s operating costs for instruction, libraries, operation and maintenance of plant, student services, student financial aid, and institutional support. The three main subsets of this revenue source are: Tuition and fees: The tuition and fees charged to enrolled students represent the campus’ largest source of revenue, approximately 34 percent of our total budget. The revenue from many of these sources comes with unique requirements governing its allocation and expenditure - for example, a federal grant may be awarded only to conduct a research study, or a donor's gift might be restricted to supporting a scholarship program.Įach major revenue source is described below: UC Berkeley’s $3 billion budget is supported by revenue from a variety of sources, including tuition and fees, state support, federal and other contracts and grants, gifts and investment income, auxiliaries (such as athletics, Cal Performances, and the Berkeley Art Museum & Pacific Film Archive), sales and service operations, and other sources. Take a look at the sections below to learn more about Berkeley’s budget. In addition to helping us monitor our financial stability, we use budgets at Berkeley to provide focus for our institution and its divisions, to help us maximize resources, and to help coordinate activities to meet strategic goals. Berkeley is not a business, so its goal is not to maximize surpluses or “profits” - however, to maintain the institution’s stability and financial health we need to ensure that total income and total costs are broadly in line with each other. This year, a total of about $3 billion will flow through UC Berkeley as it carries out its teaching, research, and public service mission. Creating a budget allows an organization to monitor its financial health by determining whether its activities will produce a surplus (if income exceeds costs) or a deficit (if costs exceeds income) at the end of a given time period. Let’s start simple: What’s a budget? A budget is a comparison of the costs a set of activities will incur relative to the expected income those activities will generate.
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