Care should be taken in attempting to generate revenues from students. University budget policy prohibits departments from imposing instructional fees on students. Such things as charging for access to and use of laboratory facilities during normal instructional hours would violate this policy. Approval for imposing instructional fees is vested in the Chancellor, the President of the University, and the Regents. Consult your Provost Office or the Budget and Planning Office for additional guidance.
Budgeted revenue is an estimate and is subject to fluctuate.
The pot of money you might have thought would be available at the end of the year might not fully materialize. As a result, if actual income is less than budgeted income, budgeted expenditures may also need to be reduced to remedy the situation. Any profits generated by the campus from revenue-generating activities which are not consistent with the purposes of the University are subject to being taxed by the Internal Revenue Service as unrelated business income. Though, currently the prospect is remote, departments generating unrelated business income should be aware that the campus may make an assessment against each profit-making department for its share of income taxes paid to the Federal government. Related activities are considered instruction, research, and public service.