Of principal importance when considering the college budget is the cost of educating a student. Management of educating a student is facilitated through the Operations Budget and involves paying instructor salaries, IT services, staff members and all general expenses which do not fall under the Capital budget, which funds any new construction projects. Tuition only covers a meager percentage of the total cost of educating a student. State appropriations make up the remaining amount.
Paying salaries takes 85% of the total budget which makes labor the largest expense of the school. International students pay more than others because the state makes no appropriations for them. The total amount of Full Time Enrolled Students, or FTEs that the school receives appropriations for is mandated by the state. If the school is over enrolled it is not receiving money for any student over the previously mandated number of FTEs planned to receive funding.
Following is a breakdown of money the school receives for every credit hour a student enrolls for and where that money goes.
Operations covers the expenses of running the college, 85% of which is labor. Capital goes to construction and new building projects, such new things are also heavily financed by grants and state funding. Services and Activities Fees fund student programs and resources such as childcare, or tutoring to name a few; there are currently a total of 18 S&A fee funded programs.