Building the budgetEvery year, the University of Rhode Island engages in a long-term process to establish its annual budget. Here’s a snapshot of the many steps undertaken to build a balanced budget and gain the necessary approvals needed from various levels of state government. URI is currently building the 2004-2005 budget.
What’s the total budget for 2003-2004?<2003>$394 million
Where do the funds come from?
Tuition and student fees$116 million (30%)
State appropriation$83 million (21%)
Research funding$65 million (17%)
Auxiliary/enterprise funds$56 million (14%)
External student aid$53 million (13%)
R.I. Capital Fund$5 million (1%)
All other$16 million (4%)
Where does it go?
Academic Affairs$126 million (32%)
Research projects$65 million (17%)
Student affairs and athletics$11 million (3%)
Student loans and scholarships$80 million (20%)
Auxiliaries/enterprises$56 million (14%)
Other non-academic$42 million (11%)
Self-supporting entities$9 million (2%)
Major capital improvements$5 million (1%)
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