Parents and students having to pay large tuition and fees at Ks universities might be surprised to be aware of that $18 million of what they paid last year was used to be able to pad university bank levels out.? That’s the collective net increasing amount of General Fee Fund hard cash reserves reported in response to read Records requests submitted simply by Kansas Policy Institute.? Administration funds operate much like a checking account; balances increase if more money is deposited compared to is spent.
The University associated with Kansas was the ‘worst offender’ this past year, increasing the amount of unspent tuition and charges by $9.2 million and doing the year with $27.4 thousand thousand in that account.? Kansas Condition University boosted its year-end good $17.7 million, up with $11.1 the year before.? Pittsburg State made use of $2.8 million of college tuition and fees to pad it’s fund balance, finishing having $9.3 million left over.? Emporia declare had the smallest increase at about $800,000 and the other a pair of Regents universities C Fort Hays State plus Wichita State C slightly reduced his or her tuition and fee funds reserves.
The June 30, 2018 bills for every university are drastically higher than they were 15 years before, when the collective total was only $11.4 million.? Wichita State offers the ‘smallest’ increase, more than tripling over the interval and Pittsburg State has the major percentage gain, growing by simply more than a factor of A dozen.
The General Fee Fund put on by each university is one kind of many funds each functions, and each school’s total dollars reserves are much greater.
A on-line list of fund balances for the nearly 2,400 money held by state agencies and universities is at KansasOpenGov.online.? ?The General Fund, by the way, is truly one of those funds.