WMU HOME > ABOUT WMU > WMU NEWS Revised 2004-05 operating budget approved Sept. 18, 2004 KALAMAZOO--Acting at its Sept. 17 meeting, Western Michigan University trustees approved an operating budget of $273.9 million for fiscal year 2004-05. The board-approved budget of $273,932,314 is a revision of a preliminary budget trustees approved in April. The new budget includes two major ingredients--a base state appropriation of $110,847,100 and tuition revenue amounting to $149,860,471. The budget also includes a one-time additional state appropriation of $3,393,300, which represents a return by the state of base funding cut during the 2004-05 fiscal year. The return of funds is scheduled to come as part of Michigan Gov. Jennifer Granholm's tuition restraint agreement that called for the state to return 60 percent of last year's funding cut to those universities that limited tuition increases for 2004-05 to 2.4 percent. The revised budget includes the impact of a $1.9 million loss of revenue as a result of a 4.6 percent decline in fall enrollment as well as a $1.6 million revenue loss resulting from the University's recent agreement to return to incoming students $200 of a $500 records initiation fee assessed to new students for the first time this fall. Related article Records initiation fee reduced by 40 percent Media contact: Matt Kurz, 269 387-8400, matt.kurz@wmich.edu WMU News Office of University Relations Western Michigan University 1903 W Michigan Ave Kalamazoo MI 49008-5433 USA 269 387-8400 www.wmich.edu/wmu/news