MU creates two new budget committees amid funding cuts

3 months 1 week 9 hours ago March 16, 2017 Mar 16, 2017 Thursday, March 16 2017 Thursday, March 16, 2017 12:55:00 PM CDT in News
By: Kristen Reesor, KOMU 8 Digital Producer

COLUMBIA ­— The University of Missouri announced two new committees Thursday that will advise administrators on the university's budget. The move comes at a time when MU and other public universities in Missouri face state funding cuts.

Student, faculty and staff representatives will serve on the committees. 

“It is my goal that we all share in making the recommendations that will have a lasting impact on the university,” Interim Chancellor Hank Foley said. "It is important that the campus work together to determine our way forward.”

The Resource Allocation Model Committee will provide recommendations on the best way to use current financial resources. The committee will also design a new resource allocation model for MU. 

Vice Chancellor for Finance Rhonda Gibler and Executive Vice Chancellor for Academic Affairs and Provost Garnett Stokes will lead the committee. Members will include four faculty members, two staff members, three students and three leaders nominated from the campus.

The other committee, the Capital Financing Advisory Committee, will focus on building improvement funds.

Members of the committee include four faculty members, two staff members, three students, and three leaders nominated from the campus. Gibler, Stokes and Vice Chancellor for Operations Gary Ward will serve as ex-officio members.

“The way we determine our budget priorities, including our capital improvements, will set the course for maintaining and building on our research excellence and the overall student experience at Mizzou," Foley said. 

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