Budget and Finance

2007

Budget

Revised

2008

Budget

Variance

Percent

Change

RESOURCES

Government, Private Grants and Contracts 7,358 4,000 (3,358) -45.64%

Rental Income 75 - (75) -100.00%

Other Sources (387) - 387 -100.00%

Total Resources 7,046 4,000 (3,046) -43.23%

EXPENDITURES

Educational and General

Separately Budgeted Research 8,695 7,174 (1,521) -17.50%

Operation and Maintenance of Plant 4,561 4,596 35 0.76%

Total Educational and General 13,256 11,769 (1,487) -11.22%

Mandatory Transfers

Debt Service 6,185 6,909 724 11.71%

Non-Mandatory Transfers

Plant Funds 268 - (268) -100.00%

Other - (12,000) (12,000) 100.00%

Total Expenditures and Transfers 19,709 6,678 (13,031) -66.12%

Net Increase (Decrease) in Fund Balance (12,663) (2,678)^1

DESIGNATED GENERAL FUNDS

MILLENNIUM RESEARCH INSTITUTE

(IN THOUSANDS)

(1) Millennium Plan is required to be self-funded by the end of the program.