Basic Budget Information Expenditures
EXPENDITURES
The University is a member of the National Association of College and University Business Officers (NACUBO) and utilizes its standard budget categories defined for all higher education institutions. These expenditure categories are:
Instruction (36.5% of expenses) – Expenditures for all activities that are part of the University’s instructional program, including credit and non-credit courses (including hybrid and continuing education). Includes the values of tuition waivers granted to Teaching Assistants.
Research (7.9% of expenses) – Expenditures for research activities that are aimed at creating and disseminating new knowledge. Included are individual and/or project research as well as Institutes and Research Centers. Includes the value of tuition waivers granted to Research Assistants.
Public Service (4.0% of expenses) – Expenses for activities that are beneficial to individuals and groups external to the institution. These include community service programs, cooperative education, conferences, and institutes.
Academic Support (10.3% of expenses) – Support services provided as an integral part of the operation of the academic program. These include the development and maintenance of the University’s libraries, the computing centers and audio-visual services.
Student Services (6.9% of expenses) – Health and counseling services, activities, and other services which contribute to students’ health and well-being and contribute to their intellectual, cultural, and social development outside the context of the formal academic program.
Institutional Support (9.3% of expenses) – Services provided to maintain the institution’s organizational effectiveness and continuity. Examples of institutional support services are the Chancellor’s Office, Human Resources, etc.
Plant Operation and Maintenance (7.6% of expenses) – Expenditures related to maintaining and improving campus grounds and facilities, and providing heat, electricity, and other utilities necessary to the functioning of campus facilities.
Depreciation and Amortization (6.7% of expenses) – the annual expense recorded for depreciation reflects the “loss” in the original value of UMass Boston’s buildings, equipment, and other assets during that year. The purpose of recording depreciation as an expense over a period is to spread the initial purchase price of the fixed asset over its useful life.
Financial Aid (5.3% of expenses) – Includes scholarships, fellowships, and student aid administered directly by the University’s budget. It includes the value of tuition waivers including categorical waivers except the waivers given to teaching assistants and graduate research assistants.
Auxiliary Enterprises (3.4% of expenses) - Auxiliary enterprises exist to furnish goods or services to students, faculty or staff and typically charge a fee(s) directly related to, although not necessarily equal to, the cost of the goods or services. At UMass Boston, these include the parking and shuttle bus operation, health services, the Early Learning Center (child care), the campus center conference operation, WUMB, Central Reprographics, and various others.
Interest Expense (2.1% of expenses) – Incorporates estimated interest expense due and payable on outstanding bonds, leases and loans.