Highlights in this

For even-numbered fiscal years, the University prepares a single fiscal year spending plan; for odd-numbered years, the University also prepares a “current services” budget for the upcoming biennium for submission to the Office of Policy and Management (the Governor’s budget agency), as well as to the State Department of Higher Education. (“Current services” refers to the cost of continuing current programs and services, updated for inflation. The “current services” budget forms the basis of the Governor’s recommendations to the legislature.) The June 20 budget workshop will be dedicated to the spending plan for Fiscal Year 2007. The biennial “current services” request for Fiscal Years 2008 and 2009 will be presented to the Board at the August 1 meeting, as will the proposed tuition and fee charges for Fiscal Year 2008. We will also bring to the August meeting any FY ’07 adjustments that may be necessitated by changes in the state fringe benefit rate or similar events.