Total Operating Budget 2003-2004

- University Park
- Abington
- Altoona
- Beaver
- Berks
- Brandywine
- Dubois
- Erie
- Fayette
- Greater Allegheny
- Harrisburg
- Hazleton
- Lehigh Valley
- Mont Alto
- New Kensington
- Schuylkill
- Shenango
- Wilkes-Barre
- Worthington Scranton
- York

Explanation of Major Categories Comprising the Operating Budget

Penn State's operating budget for 2006-07 is $3,209,165,000. The budget can be broken down into five major categories as follows: general funds, agricultural federal funds, restricted funds, auxiliary enterprises, and the Hospital/Clinic at The Milton S. Hershey Medical Center.


General Funds The general funds budget, representing approximately one-half of Penn State's total operating budget, covers the core of the University's teaching, research, and service efforts. General funds also encompass academic and administrative support and maintenance of the physical plant. Income to support the general funds budget comes from: tuition and fees paid by the student; state appropriations; and other income including facilities administration, investment income, and sales and services of departments. Agricultural Federal Funds Agricultural federal funds represent federal appropriations authorized by the Smith-Lever Act, the McIntire-Stennis Act, and the Hatch Act. These funds are appropriated by the federal government to support agricultural research and cooperative extension programming within each state through the state's designated land-grant university. Restricted Funds Restricted funds include grants and contracts from private sources, primarily for research. These funds are targeted for specific projects and can't be used for other purposes. Restricted funds also include philanthropic gifts to support student scholarships as well as other special needs of the University. Auxiliary Enterprises Auxiliary enterprises are completely self-supporting activities with income derived from sales of services or products. No student tuition or state appropriations are used to support auxiliary enterprises. Examples include: The Nittany Lion Inn, Intercollegiate Athletics, and Housing and Food Services. Hospital/Clinic at The Milton S. Hershey Medical Center The Hospital/Clinic at The Milton S. Hershey Medical Center is a subsidiary corporation within Penn State that was formed to operate the clinical activities, both hospital and physician, that occur at the Medical Center.
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