USVI Public Records

Document text

Adjustment Description Adjustment Amount Tuition & Fees $10,597,158 $10,597,158 $0 $10,597,158 Appropriations $27,405,458 $27,405,458 Increase in FY2022 Appropriations $400,000 $27,805,458 Government Grants & Contracts $1,355,000 $1,355,000 $0 $1,355,000 Private Grants & Contracts $1,790,447 $1,790,447 $0 $1,790,447 Sales & Services Education $4,000 $4,000 $0 $4,000 Sales & Services Auxiliary $2,525,585 $2,525,585 $0 $2,525,585 Other Revenues $304,252 $304,252 $0 $304,252 Cares Act Revenues $5,766,818 $7,066,818 $0 $7,066,818 Total Revenues $49,748,718 $51,048,718 $400,000 $51,448,718 EXPENDITURES FY2022 Approved Operating Budget FY2022 Proposed Adjustments FY2022 Revised No. 1 Operating Budget Instruction $13,914,184 $13,914,184 $0 $13,914,184 Research $968,045 $968,045 $0 $968,045 Public Service $758,248 $758,248 $0 $758,248 Academic Support $3,448,751 $3,448,751 $0 $3,448,751 Student Services $3,685,591 $3,685,591 $0 $3,685,591 Institutional Support $13,220,553 $13,220,553 $0 $13,220,553 Operations/Maintenance of Plant $8,592,429 $8,592,429 Transfer to Plant Fund $400,000 $8,992,429 Student Aid $503,363 $503,363 $0 $503,363 Auxiliary Enterprises $3,276,024 $3,276,024 $0 $3,276,024 Transfers Match (AES & CES) $1,234,530 $1,234,530 $0 $1,234,530 FY2022 Health Insurance 9.6 % Premium Increase (50/50 cost allocation) $147,000 $147,000 $0 $147,000 3% Employee Salary Increase plus other slary adjustments to address inequities, compression, vacant positions, etc.(Act 8479) $1,300,000 $1,300,000 $0 $1,300,000 Total Expenditures & Transfers $49,748,718 $51,048,718 $400,000 $51,448,718 Net Operating Position $0 $0 $0 $0 FY2022 Revised Operating Budget Approved by Board of Trustees on March 5, 2022 UNIVERSITY OF THE VIRGIN ISLANDS FISCAL YEAR 2022 OPERATING BUDGET - CORRECTION AND PROPOSED REVISION NUMBER ONE Proposed Adjustments - Revision No. 1 Proposed FY2022 Operating Budget Revision No.1 Corrected FY2022 Operating Budget FY2022 Approved Operating Budget REVENUES