IFSI does not receive State General Revenue Funds (GRF) and has traditionally depended upon the Fire Prevention Fund (FPF) (a statutory fee on fire insurance premiums) as its only source of state funding. All other funding comes from student fees, grants and gifts.

Two long-term capital projects will depend upon State, campus and development funding.

In the near-term, IFSI has established a goal of building a library and multi-purpose information technology and research building adjacent to its current administrative building in South Campus. In addition, campus has committed to procure acreage as part of the new South Farms during the FY2003-2010 period to provide a site for the relocation and construction of a new live-burn and hands-on training facility. Continued rescission of campus budgets could delay or undermine these capital improvements.