Because it is a state-supported institution, LSU receives most of its funds from legislative appropriations. The budget for 2008-09, including the School of Veterinary Medicine, totaled $451,275,826.
These funds, expressed in millions of dollars, came from:
|Source of Revenue||Amount|
|State appropriations||$260.75 million|
|Student fees||161.8 million|
|Other sources||28.8 million|
|Area of Expenditure||Amount|
|Public service||10 million|
|Operation and maintenance||53.2 million|
|Academic support||57.2 million|
|Institutional support||27.6 million|
|Student services||13.1 million|
|Scholarships and fellowships||31.5 million|
The estimated worth of the physical plant of LSU is $1,157 million. LSU's annual operating budget totals approximately $451.3 million. Not included in the above is approximately $111 million of grant and contract funds, which are restricted in their use. These funds are received from federal, state, and private sources.
The University spends about $151 million to operate its auxiliaries (student housing, food services, Student Union, etc.). Capital construction for auxiliary operations is funded through the issuance of University revenue bonds liquidated through the operation of such units.
Construction and renovation of generaluse buildings are usually funded by the Legislature through the state Office of Facility Planning & Control.