Purdue News

May 29, 1998 Trustees OK $982.9 million budget for 1998-99 FORT WAYNE, Ind. -- Purdue University trustees today (Friday, 5/29) approved 1998-99 operating budgets totaling $982.9 million for the university's West Lafayette campus, three regional campuses and the Statewide Technology program. The total represents an increase of 5.4 percent from last year's total of $932.9 million. In presenting the 1998-99 overall budget, Kenneth P. Burns, vice president for business services and assistant treasurer, said: "The main priority of this budget is the quality of a Purdue education, which depends primarily on compensation for faculty and funding for instructional technology. Through careful management, we believe we have met the challenge. However, the job is more difficult each year." Purdue President Steven C. Beering said: "The 1998-99 operating budget will allow Purdue to provide faculty compensation above the level of inflation and hold its competitive position among its peer institutions. However, classroom technology needs continue to be a concern, and we will continue to ask our state's leaders to give higher education a greater priority in their allocation of funds." Operating budgets approved for the individual Purdue campuses and Statewide Technology, and the previous fiscal year's budgets, are:   West Lafayette Calumet Fort Wayne North Central Statewide Technology TOTAL 1998-1999 $828,881,840 57,196,705 66,635,552 22,369,808 7,784,324 982,868,229 1997-1998 $785,553,289 55,279,406 64,325,452 20,913,462 6,841,838 932,913,447 Statewide Technology operates Purdue degree programs at 12 sites around Indiana. The university's operating budgets consist of four major budget groups: The systemwide general fund budget, which increased by 5.4 percent from 1997-98 to $572 million. The general fund budget includes all revenue and expenditures for instruction, libraries, debt payment, general administration, maintenance and operation of the physical plant, and student services. Auxiliary enterprises, which is $136 million, up 5.5 percent from last year. These enterprises, which are self-supporting and receive no state funds, include housing and food services, intercollegiate athletics, health and recreation services, parking facilities, transportation, printing services, and the Purdue Airport. Restricted funds, which total $213.1 million, up 5.7 percent. This budget consists mainly of revenue from government agencies and industries for research. Student aid, which is $61.8 million, an increase of 7.5 percent over anticipated 1997-98 levels. In addition to receiving budgeted student aid, students who work for the university will receive almost $71 million in salaries and employment-related benefits, and students will borrow more than $106.8 million from federal and institutional loan funds. The total of all support for students will be nearly $239.7 million. Sources: Steven Beering, (765) 494-9708 Kenneth Burns, (765) 494-9706; e-mail, kpburns@vpbs.purdue.edu Frederick Ford, executive vice president and treasurer, (765) 494-9705 Writer: Jeanne V. Norberg, (765) 494-2084; e-mail, jeanne_norberg@purdue.edu Purdue News Service: (765) 494-2096; e-mail, purduenews@purdue.edu To the Purdue News and Photos Page