Fiscal Year 2026
July 1, 2025 – June 30, 2026
NIU’s FY26 balanced budget was approved by the NIU Board of Trustees at their June 12, 2025 meeting. Information on anticipated FY26 expenses and revenue will be added to the site by mid-September.
FY25 concluded on June 30, 2025, and the university is currently implementing the financial closeout process that includes reconciling accounts, finalizing all revenues and expenses, and recording any necessary accruals or adjustments. This ensures that the university's financial statements accurately reflect the prior year’s activity and comply with accounting standards. Final FY25 analysis will be presented to the NIU Board of Trustees at their Nov. 13 Finance, Audit, Compliance, Facilities and Operations Committee meeting and then posted to the site.
Fiscal Year 2025
July 1, 2024 – June 30, 2025
NIU’S FY25 budget was presented for NIU Board of Trustee consideration and approved June 20, 2024 (PDF). The budget includes $439.3 million in expenses against $423.9 million in anticipated revenues, including state operating support of $100.6 million. As a result, the anticipated budget deficit for FY25 is $15.4 million, a 52% reduction from the $32.2 million deficit in FY24.
The budget was developed with the following considerations and parameters:
- Personnel adjustments, including support of an increment to non-represented staff and faculty, and increments negotiated through collective bargaining.
- Planned commitments maintained for financial aid and scholarships for students, including AIM HIGH matching funds.
- Revised debt service schedules reflecting the results of the 2020 AFS bond refinancing and the 2021 AFS bond refinancing.
- Resources to support mission-oriented infrastructure investments.