In this exercise you are asked to analyze the operating budget for a non-profit (public or private) postsecondary institution (the entire institution or part of it). Budget analysis can be done in a variety of ways. The overarching goal is to get a sense of institutional priorities by analyzing revenues (i.e., where the institution generates money, such as tuition and fees) and expenditures (i.e., where the institution spends money, such as salaries). For this exercise you will:

• Briefly describe the institution you have selected (consider using College Navigator at the National Center for Education Statistics)
• Describe the budget you have selected for the institution
• Is it the overall budget?
• Is it the budget of one part of the institution (e.g., University of Louisville Athletic Association)?
• What are the apparent priorities as reflected in the budget?
• From where does the revenue come?
• What is unclear about the budget to you?

The deliverable for this exercise will be a short (no more than 3 pages, double-spaced) memo that you will submit to