2023 NSU Fact Book

138 NOVA SOUTHEASTERN UNIVERSITY University Finances Academic and research expenses represent 64.7 percent of the university total expenses. The composition of expenses by function is shown in Figure 18. Figure 18 Fiscal Year 2022 Expenses by Functional Classification Academic and Research 64.7% Student Services and Support 20.2% General Administrative and Operations 15.1% Figure 18 Expenses by Functional and Natural Classification (Millions of Dollars) Academic and Research Student Services and Support General Administrative and Operations Total Expenses Salaries and wages $216.8 $44.6 $42.5 $303.9 Employee benefits 53.5 7.8 13.0 74.3 Supplies and services 63.3 25.3 23.3 111.9 Space and occupancy 46.7 8.7 11.4 66.8 Other 19.0 20.9 21.4 61.3 Allocations: Depreciation 29.3 13.3 5.7 48.3 Interest 6.5 10.5 2.5 19.5 Operations and maintenance 8.7 7.7 (16.4) 0 Total Expenses $443.8 $138.8 $103.4 $686.0 Fiscal Year 2022 Expenses by Functional Classification

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