140 NOVA SOUTHEASTERN UNIVERSITY Finances educational programs. Academic and research expenses represent 64.8 percent of the university total expenses. The composition of expenses by function is shown in Figure 18. Figure 18 Fiscal Year 2023 Expenses by Functional Classification Academic and Research 64.8% Student Services and Support 19.4% General Administrative and Operations 15.8% 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 $239.9 $49.2 $49.0 $338.1 Employee benefits 58.5 9.1 12.1 79.7 Supplies and services 72.4 33.2 24.8 130.4 Space and occupancy 50.8 12.0 11.7 74.5 Other 20.9 11.8 24.3 57.0 Allocations: Depreciation 28.1 12.1 6.0 46.2 Interest 6.2 10.2 7.5 23.9 Operations and maintenance 9.2 7.8 (17.0) 0 Total Expenses $486.0 $145.4 $118.4 $749.8 Fiscal Year 2023 Expenses by Functional Classification
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