Purdue News

Trustees OK $888 million budgets for 1996-97

The total represents an increase of 4.6 percent from last year's total of $849.3 million.

In presenting the 1996-97 overall budget, Kenneth P. Burns, vice president for business services and assistant treasurer, said: "As the second year of a two-year integrated budget plan, we are able to address inflationary budget pressures and undergraduate instructional needs while holding our student-fee increase to a 20-year low."

Purdue President Steven C. Beering said: "We are grateful that the 1996-97 budget will allow us to give merit increases that keep Purdue competitive and to address our ever-expanding needs for improvements in undergraduate computing capabilities, new innovations in teaching technologies, and state-of-the-art equipment that prepares our students for success in the workplace."

Operating budgets approved for the individual Purdue campuses and Statewide Technology, and the previous fiscal year's budgets, are:

1. 1997 1995-1996

West Lafayette $751,041,859 $716,879,245

Calumet 50,870,216 48,832,791

Fort Wayne 60,862,599 59,249,053

North Central 18,678,606 17,870,376

Statewide Technology 6,590,810 6,453,135

The university's operating budgets consist of four major budget groups:

• The systemwide general fund budget: increased by 5 percent from 1995-96 to $519.7 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: $123.3 million, up 4.7 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: $191.9 million, up 2.7 percent. This budget consists mainly of revenue from government agencies and industries for research.

• Student aid: $53.2 million, an increase of 6.4 percent. In addition to receiving budgeted student aid, students who work for the university will receive almost $67.9 million in salaries and employment-related benefits, and students will borrow more than $100.8 million from federal and institutional loan funds. The total of all support for students will be nearly $222 million, Burns said.

Sources: Steven Beering, (765) 494-9708; home, (765) 743-9933

Kenneth Burns, (765) 494-9706; home, (765) 463-7821; Internet, kpburns@vpbs.purdue.edu

Writer: Ellen Rantz, (765) 494-2073; home, (765) 497-0345; Internet, ellen_rantz@purdue.edu

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