Spring Break
University expects $2.6 mil slimmer budget
Provost to address Faculty Senate today
Regina Garcia Cano
Issue date: 4/13/09 Section: News
The Kent campus will have about $2.6 million less available for educational and general expenditures during the next fiscal year, according to a preliminary budget presented at the Faculty Senate Budget Advisory Committee last Wednesday.
This campus expects to generate about $281 million in revenue and plans to spend the same amount.
According to the draft, the budget was estimated "using the Governor's recommendation for state appropriations and an enrollment of 344 FTE (full-time equivalent students). Salary increases of 3 percent were also included."
Jeff Milam, executive director of academic budget, said the budget won't be definite until June when state appropriations for universities are finalized.
He said some heads of colleges and departments have decided not to fill vacant positions within the units as a cost saving measure.
Beginning in July, the university will operate under a new budget model, Responsibility Center Management. RCM considers each college a center accountable for its own finances. The preliminary budget allocates about $139 million to be divided among the colleges.
Faculty Senate Chairman Tom Janson said Robert Frank, vice president for academic affairs and provost, is expected to address the preliminary budget in front of the Senate today during its meeting.
Faculty Senate will meet at 3 p.m. in the Governance Chambers in the Student Center.
Contact academics reporter Regina Garcia Cano at rgarcia1@kent.edu.
This campus expects to generate about $281 million in revenue and plans to spend the same amount.
According to the draft, the budget was estimated "using the Governor's recommendation for state appropriations and an enrollment of 344 FTE (full-time equivalent students). Salary increases of 3 percent were also included."
Jeff Milam, executive director of academic budget, said the budget won't be definite until June when state appropriations for universities are finalized.
He said some heads of colleges and departments have decided not to fill vacant positions within the units as a cost saving measure.
Beginning in July, the university will operate under a new budget model, Responsibility Center Management. RCM considers each college a center accountable for its own finances. The preliminary budget allocates about $139 million to be divided among the colleges.
Faculty Senate Chairman Tom Janson said Robert Frank, vice president for academic affairs and provost, is expected to address the preliminary budget in front of the Senate today during its meeting.
Faculty Senate will meet at 3 p.m. in the Governance Chambers in the Student Center.
Contact academics reporter Regina Garcia Cano at rgarcia1@kent.edu.
Viewing Comments 1 - 2 of 2
Robin Anderson
posted 4/13/09 @ 7:18 AM EST
Will there be any announcement as to how much savings might be realized in the health insurance segment of the budget? After all, if area hospitals are under the threat of laying off staff, one would think that a self-insured institution such as K. (Continued…)
Robin Anderson
posted 4/13/09 @ 7:31 AM EST
Let's see now...2.6 divided by 281...carry the 'ought'...equals 0.00925 or approximately 0.925 percent. A drop in income of less than 1 percent? Not too shabby, eh?
Too bad my IRA annuities weren't treated so delicately, or the various wages of other hard-working folk; must be real tough "administering a business" financed by sugar daddies like the Ohio tuition/taxpayers, eh?
Um, "an enrollment of 344 FTE (full-time equivalent students)" folks? Does the Stater budget have any monies in it for a copy editor???
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