Regents Approve FY2010 Operating Budget Request


ST. LOUIS, Mo., Sept. 26, 2008 — The Southeast Missouri State University Board of Regents today approved a $112.9 million operating budget request for fiscal 2010 to be submitted to the Coordinating Board for Higher Education.

The total request includes core program requirements and major University funding needs identified through a planning process, said Kathy Mangels, vice president for finance and administration.

The core program request of $112.9 million represents the University’s total fiscal 2009 general operating base budget, including student fees and core state appropriations of $48.6 million. This amount represents the University’s core appropriations prior to the standard three percent withholding, Mangels said. She said, for purposes of the operating budget request, universities are asked to report their fiscal 2009 expenditure budget based on the core appropriation, with the additional appropriation dollars offset in instructional expense.

Other major funding needs of the University would require additional funding of $11.4 million, Mangels said. Among these funding needs are: core mission and mandatory increases, including maintenance and repair of University facilities; increased cost of instruction delivery due to enrollment growth; increased cost of utilities and anticipated inflationary increases to health insurance benefits; funding to expand existing nursing programs and create new medical professional programs to meet a statewide initiative to graduate additional trained nursing professionals; and increases for the campus Funding for Results program which provides funds for pilot initiatives supporting the University’s Strategic Plan, she said.