Thursday, July 08, 2010
Trustees approve budgets and strategic plan
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Wendy Knipe Bredhold Media Relations Specialist, News & Information Services 812/461-5259 The annual operating budget, which covers instruction and instruction-related expenses, student services, physical plant, and administration and general funds, was approved at $88.9 million dollars. The balanced budget is based upon estimates of fee revenue, state appropriations, and other income. The capital improvement budget request for 2011-2013 includes a request for $15 million in Special Repair and Rehabilitation funding for Classroom Renovation and/or Expansion and $2.4 million for several projects through the General Repair and Rehabilitation funding formula. The miscellaneous fees, such as computer lab fee, student activity fee, and fees for certain disciplines, were reviewed and remained the same as the previous year. Only transportation and parking fees increased incrementally depending on the number of hours in which students are enrolled. Students who are enrolled in eight or more credit hours per semester will pay $65, an increase of $15. Strategic plan approved USI President Linda L. M. Bennett presented the trustees with the strategic plan. The plan, approved by the trustees, will frame priorities for the next five years. The listed goals are to increase experiential learning opportunities, increase the graduation rate, become a "24/7" campus, provide leadership in the region,increase the diversity of faculty, staff, and students, and preserve and nurture the campus community. Dr. Katherine Draughon, executive director of the Office of Planning, Research, and Assessment, led the University's strategic planning process starting in summer 2009 and sought input from trustees, faculty, staff, students, alumni, and others in the community. The next step in the planning process is to clarify ways to achieve the goals. President Bennett said, "The future holds challenges, but also great opportunities. USI will continue to serve the common good as our students shape the future through learning and innovation." Officers of the board In the annual meeting of the trustees, which took place before the regular meeting, John M. Dunn was elected chair. W. Harold Calloway and Ted C. Ziemer Jr. were elected vice chairs and Amy W. MacDonell was named secretary. Their offices will begin immediately. |
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