Where My Money Goes
Tuition
Tuition major source of General Fund revenues along with State Appropriations
General Fund
- Core Instructional and Operational budgets
Tuition does NOT fund
- Parking related expenses
- Student Union operations or debt service
- Residence Life operations or debt service
- Student Activity operations
Fees
- Defined and authorized by Minnesota State Board Policy 5.1.1 and Procedure.
- Fee revenues are restricted for specific uses based upon above Minnesota State Policy and Procedure
Types of Fees
- Mandatory
- Senior citizen fee in lieu of tuition, Parking fee, Late fee, Payment plan fee, Statewide student association fee.
- Optional
- Application fee, Credit for prior learning assessment fee, Student life/activity fee, Athletics fee, Health services fee, Special events fee, Residential learning community fee, Technology fee
- Personal property charges and service charges
- Revenue Fund fees
Major Fund Types
General fund
- Tuition and Appropriation
- Primary university operations
Student Activity Fund
Revenue Funds
- Student Union
- Residential Life (Room and Board)
- Outdoor Rec Fee
Auxiliary Funds
- Parking
- Bookstore
Other Fund Types
- Federal Grants
- State Grants
- Private Grants
- Financial Aid Funds
- Agency Funds
Role of Foundation
- Primary Role of Foundation
- Scholarship Support via Annual Gifts and Endowment Earnings
- Secondary Role
- Restricted Purpose Gifts
- Foundation revenues are not a material source of unrestricted General Fund Budget
