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The university's budget can be categorized into two major categories of capital and operating budgets. Capital budgets consist of facilities projects, new construction and renovations. Operating budgets consist of the day-to-day activities of the institution and can be further categorized by their budget structure. The categories are defined as Education & General (E&G) and Auxiliary Enterprises. Units are considered Auxiliary Enterprises if they generate their own revenue and do not receive state funds. Education & General units are funded by tuition and fees, state share of instruction and other income derived through education. Additional detail for the types of institutional funding and expenses are provided below.

Budget Elements

Types of Funding

• Unrestricted Funds: operating sources.
  • Educational & General; Auxiliary Enterprises
• Restricted Funds: grants from external sources for operations.
  • Educational & General; Auxiliary Enterprises
• Loan Funds: operate on a revolving basis to provide loans to students.
• Endowment Funds: funds received with specific donor or grantor-imposed restrictions.
• Plant Funds: capital expenses including debt service.
• State Share of Instruction (SSI)
  • ºÚÁÏÍø is allocated operating subsidy by the State of Ohio through the State Share of Instruction (SSI).

Types of Expenses

• Capital Projects
• Debt Service
• Employee Benefits
• Operations
• Research
• Salaries and Wages
• Scholarships and Financial Aid

Fiscal Cycle

The university's annual fiscal year starts July 1 and runs through June 30 of the following calendar year. The fiscal year corresponds with the academic year with summer sessions being split between fiscal years.