Trustees approve estimated 2000-01 budget
Sept. 18, 2000
KALAMAZOO -- Western Michigan University's Board of Trustees today approved an estimated 2000-01 general fund budget of $226,444,022 for the fiscal year, a 7.1 percent increase over last year's estimated budget.
The new budget for the fiscal year that began July 1 includes $123.8 million in state appropriations and $98.1 million in tuition revenue. State appropriations increased by 6.3 percent while tuition rates rose 3.8 percent.
Budget figures show WMU will spend nearly $8.9 million more for faculty and staff compensation than it estimated for last year. In addition, the cost of library acquisitions is expected to rise by 8 percent, utilities by 6 percent, student financial aid by 6 percent and equipment by 2 percent.
The University also will allocate an additional $1.5 million to fund distance education, $500,000 for additional part-time faculty and $326,000 for continuing education programming.
In keeping with the University's past practice, the estimated budget approved today is expected to be reconciled with actual expenditures in June 2001. The estimated 1999-2000 budget for the University was $211.38 million, while the final budget approved by trustees June 23 totaled $229.19 million.
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