Major Categories of Expense
Salaries and employee benefits is the largest expense, accounting for 57% of the total budget. NYU employs approximately 9,000 individuals in academic positions as full-time and part-time faculty members and researchers, and approximately 6,000 individuals as full-time and part-time technical, clerical, service, and administrative employees at its New York campus alone. In addition, NYU employs approximately 9,000 students in part-time positions throughout the year.
General operating expenses and professional services and fees account for 13% and 5%, respectively, of the budget.
Operation and maintenance of the physical plant accounts for 14% of the expense budget, divided as follows: 7% for cleaning and building maintenance contracts, 5% for rent, 1% for energy, and 1% for all other expenses. Debt service accounts for 7% of the expense budget.
The budget includes a reserve for academic investments designated by the Provost and a general contingency, which combined account for 1% of the budget. Transfers to non-operating funds, primarily the capital fund for capital replacement and information technology projects, account for 3% of the budget.
Fiscal 2021 Budget Expense by Category Plain Text Version
- Salaries and Fringe Benefits
- Building Related Costs
- General Operating Expenses
- Debt Service
- Professional Services and Fees
- Transfers to Capital and Other Funds
- Contingencies and Academic Reserves