Purdue News

July 9, 1999 Trustees OK $1.06 billion budget for 1999-2000 WEST LAFAYETTE, Ind. -- The Purdue University Board of Trustees today (Friday, 7/9) approved 1999-2000 operating budgets totaling $1.06 billion for the West Lafayette campus, three regional campuses and the Statewide Technology program. The budget reflects a framework endorsed by the board in May, when the trustees approved 1999-2000 student fees. Purdue President Steven C. Beering said increased support for Purdue and Indiana higher education from the state legislature in the 1999 session helped create a solid foundation for the budget. "Thanks to improvements in state support, student fee modifications and anticipated enrollment increases, we have a budget that will keep Purdue strong through the next academic year," he said. "The university's key issues are the quality of academic programs, competitive salaries for faculty, and technology for teaching. Fortunately, we are making progress on all fronts." In presenting the 1999-2000 overall budget to the trustees, James S. Almond, vice president for business services and assistant treasurer, said the spending plan, which is retroactive to July 1, provides a balanced budget that enables progress in key areas. "We believe our most crucial needs will be adequately addressed with the 1999-2000 budget," he said. "Funding will be available to allocate to academic areas to keep pace with increased enrollment, keep salaries of faculty and staff competitive, and support our technology infrastructure." Operating budgets approved for the individual Purdue campuses and Statewide Technology, and the previous fiscal-year budgets, are: 1999-2000 1998-1999 West Lafayette $894,756,897 $828,881,840 Calumet 61,228,261 57,196,705 Fort Wayne 71,023,336 66,635,552 North Central 23,691,101 22,369,808 Statewide Technology 7,903,803 7,784,324 TOTAL 1,058,603,398 982,868,229 Statewide Technology operates Purdue degree programs at 12 sites in Indiana. The university operating budgets consist of four major budget groups: The systemwide general fund budget, which increased by 6.6 percent from 1998-99 to $609.8 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 $144.5 million, up 6.3 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 $233.9 million, up 9.8 percent. This budget consists mainly of revenue from government agencies and industry for research. Student aid, which is $70.4 million, an increase of 7.2 percent over anticipated 1998-99 levels. In addition to receiving budgeted student aid, students who work for the university will receive more than $77 million in salaries and employment-related benefits. Students also will borrow more than $118.2 million from federal and institutional loan funds. The total of all support for students will be nearly $266 million. Sources: Steven Beering, (765) 494-9708 James Almond, (765) 494-9706; jsalmond@purdue.edu Writer: Jay Cooperider, (765) 494-9573; coop@purdue.edu Purdue News Service: (765) 494-2096; purduenews@purdue.edu To the Purdue News and Photos Page