Missouri Southern Approves $76.4 Million Budget

Posted: May 18, 2013 2:19 PM by Associated Press
Updated: May 18, 2013 3:20 PM

Rating: 0.0 (0 votes)

JOPLIN, Mo. (AP) - Missouri Southern State University has approved a budget for the next fiscal year that will require it to dip into reserves.

The budget approved by the Joplin school's Board of Governors on Thursday includes expenses of $76.4 million, with expected revenues of $74 million.

Rob Yust, vice president for business affairs, says the university has a reserve fund of between $12.5 million and $13 million, which will easily cover the extra expenses.

The Joplin Globe reports the budget includes a 2 percent pay increase for employees, a 2 percent increase in in-state tuition and about $2 million for capital improvement projects.

The budget also includes funding for initiatives aimed at increasing enrollment, such as increasing admissions staff, a stronger recruiting campaign and outreach efforts for transfer students.

KOMU First Alert Weather

Most Popular Right Now

Select a station to view its upcoming show schedule: KOMU 8 CW Mid-Missouri's CW

Coming Up Next

12:00 pmKOMU 8 News @ Noon
12:30 pmAccess Hollywood
1:00 pmDays of Our Lives

Tonight's Schedule

7:00 pmThe Mysteries of Laura
8:00 pmLaw & Order: Special Victims Unit
9:00 pmChicago P.D.

Coming Up Next

12:00 pmJerry Springer
1:00 pmMaury
2:00 pmRules of Engagement

Tonight's Schedule

7:00 pmArrow
8:00 pmSupernatural
9:00 pmKOMU 8 News @ Nine on The CW
9:30 pmSeinfeld