April 11, 2008
Trustees approve university's conceptual operating budget
WEST LAFAYETTE, Ind. - Purdue's board of trustees on Friday (April 11) approved a conceptual general fund operating budget for the university that allows for a 3.5 percent merit pool for salary increases and anticipates student fees increasing by 4.5 percent.The fiscal year 2009 general fund budget is anticipated to be $1.03 billion systemwide.
The general fund budget relies primarily on state appropriations and student fees. This year state funding went up 4.7 percent systemwide and 4.8 percent for the West Lafayette campus.
In approving Purdue’s general fund budget, which supports educational and base operating expenditures, the trustees endorsed the following spending plans for fiscal year 2009:
* At the West Lafayette campus: A 5.1 percent spending increase to $835.9 million.
* At Purdue Calumet: A 5.8 percent increase to $75.8 million.
* At Indiana University-Purdue University Fort Wayne: A 6.5 percent spending increase to $95.5 million.
* At Purdue North Central: A 6.1 percent spending increase to $27.1 million.
The final operating budget, reflecting estimates for all funds along with the details of strategic allocations, will be presented at the trustees’ Sept. 18-19 meetings.
The board set the 4.5 percent increase in student tuition and fees a year ago. In-state students new to the West Lafayette campus this fall will pay $7,750 for the 2008-09 academic year, an increase of $334. Out-of-state students will pay $23,224 at West Lafayette.
Resident students first enrolled at the West Lafayette campus before summer 2006 will pay $7,476. Students who started at Purdue as of summer 2006 pay a repair and rehabilitation fee that varies by campus.
Students at the regional campuses are charged fees on a per credit hour basis. Based on 15 credit hours per semester, the annual costs would be:
* At Purdue Calumet: Tuition and required fees will be $5,969, an increase of $258, for in-state students who are new to campus.
* At Indiana University-Purdue University Fort Wayne: Tuition and fees for in-state new students will be $6,595, an increase of $283.
* At Purdue North Central: Tuition and fees for Indiana residents who are new to campus will be $6,079, an increase of $262.
Purdue's undergraduate resident fees for fall 2007 rank eighth among Big Ten public institutions, and nonresident tuition and fees rank sixth. Among 12 peer institutions across the country, Purdue fees rank seventh for residents and ninth for nonresidents.Writer: Valerie O'Brien, (765) 494-9573, vobrien@purdue.edu
Source: Morgan R. Olsen, (765) 494-9705, mrolsen@purdue.edu
Purdue News Service: (765) 494-2096; purduenews@purdue.edu
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