Total revenues and expenses from all sources include federal and state appropriations, student tuition and fees, and other sources, such as bond proceeds and interest income. Total expenses can exceed revenues in a year, as the CSU receives bond proceeds all at once, while the funds are spent over a period of years.
Operating fund revenues and expenses include student tuition and fees, federal and state appropriations to support the CSU’s educational mission, and other sources such as financial aid.
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Reserves, which are monies held by the campuses for specific purposes, are integral to the CSU's management of campus operations.