YSU Financial details

Youngstown State University's forecasted 2004 budget shows $119.5 million in expenditures and $111.4 million in revenue, leaving an $8.1 million deficit. Here are some of the details:
$44 million in state revenue is expected to fall to $42.6 million.
Based on 2003-2004 school year enrollment estimates, revenue from tuition and fees is expected to rise from $55.6 million to $57.5 million.
Revenue to the university from scholarships and student aid is expected to grow from $3.4 million to $4.2 million.
Costs of salaries and benefits are expected to rise from $80.5 million in 2003 to $84.8 million in 2004.
The 2003 budget benefited from a one-time $828,000 decrease in expenditures partly because of cost-savings plans. It also benefited from a one-time carry-over of $3.3 million from the 2002 budget and a one-time windfall of about $3.1 million, mostly tuition from an unexpected increase in enrollment.
Those advantages, coupled with a revised plan for state funding, meant university officials balanced the 2003 budget and will not raise tuition this spring. In the proposed 2004 budget, administrators do not count on those one-time advantages.
Sources: Dr. David C. Sweet, YSU president, and Terry R. Ondreyka, YSU vice president for financial affairs.