Rutgers Budget Process

The university has multiple sources of income and types of expenses associated with its operation. Examples of income sources (revenue) include tuition, federal and state appropriations; grants and contracts; as well as gifts and contributions made to the university. The university also earns income from its auxiliary enterprises, healthcare and affiliated activities, endowment and investment income, and other sources.

Similarly, the university has expenses to pay. The single largest category of expense is associated with paying for the faculty and staff compensation. Other expenses include physical plant costs such as utilities, maintenance, and repair. The university also incurs costs for supplies, travel, scholarships and fellowships, debt service, insurance, professional services, and other operating expenses.

Given the complex nature of our operations, multiple sources of revenue and expense items; the university must have a process to manage, plan for and budget its resources.