Regents Approve $86.6 Million Operating Budget, Auxiliary Operating Budgets for FY2007

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The Southeast Missouri State University Board of Regents today approved an $86.6 million operating budget for the University and $26.5 million in auxiliary operating budgets, both for fiscal year 2007.

CAPE GIRARDEAU, Mo.,

June 28, 2006 – The Southeast Missouri State University Board of Regents today approved an $86.6 million operating budget for the University and $26.5 million in auxiliary operating budgets, both for fiscal year 2007, the year which begins July 1.

Kathy Mangels, vice president for business and finance, said the new $86.6 million operating budget includes funding for current operations along with allocations for administrative commitments, including increases in employee medical insurance, the Missouri State Employees’ Retirement System (MOSERS) rate and utilities; several academic initiatives; base funding for a Student Government proposed expansion of on-campus recycling efforts; and compensation packages for faculty and staff.

The budget approved by the Regents today includes estimated income of $43.3 million in state appropriations after a three percent withholding for the Governor’s executive reserve. Anticipated income from state appropriations accounts for 50.1 percent of the University’s total operation budget.

In addition, the University’s fiscal 2007 budget includes estimated income of $40.9 million in student fees and $2.2 million from other sources. Income from student fees accounts for 47.3 percent, and income from other sources for 2.6 percent of the University’s total operating budget, Mangels said.

The University’s 28-member Budget Review Committee presented the fiscal 2007 budget to Kenneth W. Dobbins, president of Southeast Missouri State University, for approval. The committee represents all major interest groups on campus. The committee met during the spring semester, Mangels said, to review current operating revenues and expenditures, evaluate proposed program enhancements and formulate the fiscal 2007 operation budget. The committee considered recommended increases in state appropriations, the cost of continuing institutional commitments and operation expenditures, program enhancement requests, faculty and staff compensation committee reports and other factors. 

In related action, the Regents approved the fiscal 2007 operating budgets for the University’s “auxiliary” units, totaling $26.5 million. These self-supporting operations, which do not receive state appropriations, include Southeast Bookstore, the Show Me Center, University Center, Telecommunications, Residence Life, Southeast Public Radio and the Student Recreation Center.