MU Chancellor Announces Budget Cuts

Posted: Jul 3, 2014 3:19 PM by John Guminski, KOMU 8 Reporter
Updated: Jul 4, 2014 11:05 AM

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COLUMBIA - MU Chancellor R. Bowen Loftin announced Thursday the University of Missouri will need to reallocate more than $3.8 million to cover losses in state funding.

Loftin said in a statement that each department on Mizzou's campus is being asked to reallocate a certain amount of its budget based on its current balances and the amount of general revenue it receives, as well as any auxiliary enterprise funding.

Loftin said auxiliary departments such as Athletics and Residential Life will also participate in the budget reallocation, even though they receive no state funding.

The breakdown is as follows:

Schools and Colleges Allocated Withholdings ($)
Arts & Sciences 189,717
Ag. Food & Nat Resources 227,054
Business 63,039
Education 101,396
Engineering 58,743
Human Environmental Sciences 50,432
Health Professions 21,144
Journalism 29,392
Law 43,064
Medicine 324,707
Nursing 58,949
Public Affairs 7,431
Veterinary Medicine 125,032

Other Divisions Allocated Withholdings ($)
Alumni & Advancement 34,310
Intercollegiate Athletics 40,997
Vice Chancellor Finance 31,178
Vice Chancellor Operation 222,517
Vice Chancellor Health Sciences 283,799
Chancellor 239,356
Extension 205,892
Graduate School 34,770
Information & Access Tech Services 71,619
Provost 289,917
Office of Research 176,318
Student Affairs 936,050
University Affairs 10,406

MU spokesperson Christian Basi said the money will be taken from various funds, but it is up to each department as to exactly how to reach the requested number.

"It's up to each division head to determine where that money will come from, presumably, some money might be coming from savings and we might see delays in implementing programs or activities that were slated for this coming year, but those decisions will be made by each division head, " said Basi.

Basi said the money must be back into the central budget office by next Friday.

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