NIU FY24 Financial Activity

Revenue

Total FY24 Revenue: $403.8M

Notes: Gifts, Grants and Contracts excludes sponsored research revenue.

 

2024 Projected Revenue
Revenue Type Amount in $ Percent
Tuition & Student Fees $164,296,000 40.7%
Gifts, Grants, & Contracts $37,947,000 9.4%
Other Fees and Fines $6,644,000 1.6%
Sales $37,867,000 9.4%
Rental & Room Income $36,296,000 9.0%
Gate Receipts & Commissions $4,870,000 1.2%
Miscellaneous & Investment Income $17,168,000 4.3%
State of Illinois Appropriations $98,670,000 24.4%
Total $403,758,000 100.0%

Expenses

Total FY24 Expenses: $434.1M

2024 Projected Expenses
Expense Type Amount in $ Percent
Personnel Services $231,708,000 53.4%
Goods, Equipment, Capital Repairs $23,497,000 5.4%
Contractual Services $81,131,000 18.7%
Scholarships $68,056,000 15.7%
Debt Service $22,811,000 5.3%
Other $6,905,000 1.6%
Total $434,114,000 100%

2024 Projected Expenses Detail
Itemized Expenses Amount in $ Percent
Personnel Services $231,708,000 53.4%
Contractual Services $81,131,000 18.7%
Scholarships $68,063,000 15.7%
Debt Service $22,811,000 5.3%
Cost of Sales $5,942,000 1.4%
Commodities $5,564,000 1.3%
Travel $5,368,000 1.2%
Automotive $649,000 0.1%
Telecommunications $422,000 0.1%
Equipment & Library Books $8,532,000 2.0%
Capital Repairs $3,459,000 0.8%
Miscellaneous Expenses $466,000 0.1%
Total $ 434,114,000 100.00%

Expenses By Division

Total FY24 Expenses By Division

2024 Expenses by Division
Division Expenses in $ Percent
Academic Affairs $157,500,000 36.6%
Administration & Finance $25,716,000 5.9%
Central Services $18,473,000 4.3%
Information Technology $11,900,000 2.7%
Intercollegiate Athletics $32,940,000 7.6%
Human Resource Services $3,648,000 0.8%
Enrollment Management, Marketing and Communications $42,295,000 9.7%
Academic Diversity, Equity and Inclusion $2,662,000 0.6%
Outreach, Engagement and Regional Development $20,182,000 4.6%
Research and Innovative Partnerships $7,384,000 1.7%
Student Affairs $49,533,000 11.4%
University Administrative Services $13,112,000 3.0%
University Advancement $6,235,000 1.4%
University Wide Orgs $774,000 0.2%
Utilities $10,300,000 2.4%
Non-Divisional $31,462,000 7.2%
Grand Total $434,114,000 100%

Departments and costs by division


Expenses By Fund by Division

See descriptions of fund types

Contact Us

Have ideas or suggestions related to NIU’s finances and multiyear budgeting goals?

Please email budgetandplanning@niu.edu.