The data on UWM’s fiscal resources are contained in the annual financial reports that are published in early to mid fall for the prior fiscal year. These reports are the primary source of the fiscal data because they summarize the actual expenditures. (There is also a similar set of annual budget reports produced early in the fiscal year that forecast the planned expenditures.) The financial reports list revenue in the broad categories of state support, student fees and tuition, program revenue, federal support, and gift income. These are further broken down into several categories (See Figure 9). Revenues have climbed steadily from $271 million in 1995-96 to $430 million in 2002-03 (except for a decline in federal support between 1996-97 and 1997-98). State general program revenue (GPR) gradually declined from 32.7 percent (1995-96) to 30.0 percent (2002-03) of the revenue, but declined sharply in 2002-03 to 28.1 percent. This decline is mirrored by an increase in revenue from student fees (tuition) that slowly rose from 18.1 percent of the revenue in 1995-96 to 19.0 percent in 2002-03, and then increased to 19.6 percent in 2002-03. Another revenue source that rose markedly was federal grants and contracts that increased from $11.6 million (1995-96) to $28.7 million (2002-03). The most significant shift in 2003-04 is that state GPR further declined to 24.3 percent of revenue and tuition increased to 23.1 percent of revenue.
