FY 2019 University Operating and Capital Budgets

FY 2019 Operating Budget

The FY 2019 Approved Operating Budget reflects the following:

  • The university’s continued efforts to make strategic long-term investments in academic priorities, enhance the student experience and increase financial aid during the upcoming fiscal year.
  • Net student tuition and fee revenue is expected to grow by 1.9%. This includes investment in financial aid totaling more than $315 million to offset reductions in federal aid programs and enhancement to meal plans, while maintaining academic quality enrollment goals.
  • Expenses are expected to increase by 3.7% reflecting the funding to maintain performance-based merit raises, hire faculty and staff, and meet the requirements of the D.C. Universal Paid Leave Act.
  • The implementation of the university’s multi-year plan to gradually increase the fringe benefit rate, providing funding for the university to steadily increase its contributions to employee health care benefits.

FY 2019 Operating Budget

(Dollars in  thousands)

FY 2019 Operating Budget

FY 2019 Capital Budget Summary

The total funding proposed in the FY 2019 – FY 2023 Capital Budget is approximately $149.3 million, with approximately $53.2 million planned to be expended in FY 2019.

  • Approximately $62.8 million is proposed for New Construction & Major Renovation projects, with approximately $23.3 million to be expended in FY 2019.
  • Approximately $86.5 million is proposed for Repair, Replacement and Renewal projects, with approximately $30.0 million planned to be expended in FY 2019.

FY 2019 – FY 2023 Capital Budget

(Dollars in  thousands)

FY 2019 FY 2019 - FY 2023 Total
53.2 96.1 149.3