VCU FY2024 All Funds Operating Budget
The FY24 all funds operating budget for VCU is $1.5B. This does not include any capital funding. The chart below shows the funding sources, and the subsections of this website dive deeper into the components of each piece of the budget.
Role of the VCU Health System
The VCU Health System (VCUHS) is a separate authority from VCU, with a separate budget and legal authority. Accounting standards require their reporting as a component unit on the face of our financial statements. Outside of the Operating Service Agreements (OSA) and the Clinical, Educational and Research Service Agreements (CERSA), their resources are not available to be used for the university’s operating needs. (See more under Hospital Services)
Total FY24 Budget: $1,490,560,000
VCU's operating budget can be broken down into two categories:
- State and tuition supported comprises 49% of the budget. These funds come from the Commonwealth of Virginia government supporting the operations of public universities, and are also generated from tuition and fees paid by students for their education. These funds are committed to the University's academic programs and support services, which include personnel, scholarships, maintenance of facilities, and more. (See Education and General, or E&G)
- Designated funds comprise 51% of the budget. These funds are designated to support specific operations at VCU, such as Sponsored Research Programs, Auxiliary Enterprise Programs, Hospital Services, the Qatar Campus, and more.
Data table - FY2024 All Funds Operating Budget
| Categories | Amount | % |
|---|---|---|
| Sponsored Research Programs (Designated) | $340.5M | 22.8% |
| Auxiliary Enterprise Programs (Designated) | $162.6M | 10.9% |
| Student Financial Assistance (Designated) | $87.1M | 5.8% |
| Hospital Services, Qatar Campus, University Funds (Designated) | $167.7M | 11.3% |
| E&G Personnel (Committed) | $541.9M | 36.4% |
| E&G Scholarships (Committed) | $58.5M | 3.9% |
| E&G Utilities, Maintenance, Contracts, Other (Committed) | $131.8M | 8.8% |
| Total FY24 Budget | $1.49B |