This post appears here courtesy of The James G. Martin Center
. The author of this post is Shannon Watkins
Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money. In fiscal year 2020, the UNC system received $10.2 billion in revenues, excluding revenues for UNC hospitals.
Where does all that money come from?
By far, the state of North Carolina is the system's largest source of funding — followed by tuition and fees, as well as money made by residence halls, food services, etc. Below is a breakdown by percentage of the system's revenue sources:
- State Appropriation: 30 percent
- Tuition and Fees: 17 percent
- Auxiliaries: 17 percent
- Federal Appropriations, Contracts, and Grants: 16 percent
- State and Local Contracts and Grants: 7 percent
- Gifts, Investment Income, and Endowments: 6 percent
- Capital Appropriations, Grants, and Gifts: 4 percent
- Other Revenue: 3 percent
Over a five-year period
(fiscal year 2015-2016 to fiscal year 2019-2020), the UNC system's General Fund revenues changed in the following ways:
- "State Appropriation" revenues increased by 12 percent
- "Tuition Resident" revenues increased by 10 percent
- "Tuition Nonresident" revenues increased by 9 percent
- "Fees" revenues decreased by 2 percent
- "Other" revenues increased by 25 percent
- "Intragovernmental Transfers" revenues increased by 8 percent
- "Carry Forward from Prior Year" revenues increased by 87 percent
Regarding fees, the report notes: "S.L. 2012-142, Section 9.9 permitted all student fees to be budgeted in Institutional Trust Funds, rather than the General Fund."
Here is a summary
of how the system spends its revenue.
Shannon Watkins is senior writer at the James G. Martin Center for Academic Renewal.