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| Issue 10: June 2004 |
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Board approves operating budget, fee increase
The University of Southern Indiana Board of Trustees
approved a $67.3 million annual operating budget and implemented a $6.41 fee
increase at its meeting May 8. The fee increase brings the cost per credit
hour to $133.91 for Indiana undergraduate students.
USI President H. Ray Hoops reported the fee increase will be used for
ongoing operational costs including personnel, benefits, and utilities as
well as new investments in faculty, instructional technology, and equipment.
Even with the increase, USI continues to offer the lowest tuition and fees
of any public baccalaureate university in Indiana. Hoops emphasized that the
University remains committed to having the lowest rates.
Fees for Indiana resident graduate students will increase to $194.52 per
credit hour. Non-resident fees for undergraduates will increase to $319.41
per credit hour and $384.22 per credit hour for graduate students.
The operating budget is comprised of state appropriation, student fees, and
other income. The new budget will allow for an increase in faculty and
staff, an expansion of library reference materials, programs for recruiting
and retaining students, alumni initiatives, engineering program growth, and
costs related to enrollment increases.
In other business, the Board of Trustees approved construction bids for the
new Rice Library project. Deig Brothers Lumber and Construction Co. will be
the general contractor.
The board also approved the 10-year capital plan for USI that in the near
term, 2005-07, includes a School of Business/General Classroom building at
$33.8 million; expansion of the Fitness Center, $7.2 million; and a student
residence building, $7.7 million.
The University's Code of Student Behavior was reviewed by a University
committee this past year, and the revised edition was approved by the board.
The code of conduct will be reviewed annually by a University committee, and
revisions will be reported to the board.
Departing board members Tina M. Kern-Raibley of Evansville and
Thomas F. McKenna of Carmel were recognized for their service and
leadership. Kern-Raibley served as the alumni representative on the board
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