UM Finance Committee approves budget plans

1 month 1 week 3 days ago Tuesday, June 11 2019 Jun 11, 2019 Tuesday, June 11, 2019 4:58:00 PM CDT June 11, 2019 in News
By: Jordan Alejandre, KOMU 8 Reporter
loading

COLUMBIA - The UM Board of Curators Finance Committee approved three separate items Tuesday for the new school year. 

Those three items were this year's fiscal budget that starts in July, a five-year strategic plan for financial operations and a tentative look at the 2021 fiscal year budget. 

This comes just one day after Gov. Mike Parson signed the state's budget on Monday.

University of Missouri News Bureau director Christian Basi said these approvals are good news for students and faculty. 

"It means that students are going to have the teachers that they need to have in the classrooms...and be prepared when they graduate. For researchers, it means they're going to have the support that they need in their laboratories...to get those multi-million dollar grants," Basi said.

Ryan Rapp, vice president of finance, led the meeting and brought up an interesting proposal that would be added to the five-year strategic plan that will be talked about in the next meeting.

"There needs to be incentives to meet these targets and consequences. Specifically, what those are, we haven't gotten into that yet," Rapp said. 

Basi doesn't know what the incentives and consequences would look like, but sees them as a system to keep the universities in check. 

"It's a way that we want to make sure we're being held accountable. We know that we're being entrusted with a lot of state resources, a lot of tuition dollars and we have to be good financial stewards of all of that money," Basi said.

The full Board of Curators is set to meet next week to give final approval on the same items as well as discuss the incentives and consequences system. 

More News

Grid
List
ESTES PARK, CO. — John Drage doesn’t know how many more miles he’s got left in him. Every step,... More >>
13 minutes ago Monday, July 22 2019 Jul 22, 2019 Monday, July 22, 2019 9:28:00 AM CDT July 22, 2019 in News
STRAFFORD — A KY3 viewer, JD Matney, shared this video of a mountain lion walking along just north of Strafford.... More >>
13 hours ago Sunday, July 21 2019 Jul 21, 2019 Sunday, July 21, 2019 8:24:00 PM CDT July 21, 2019 in Continuous News
COLUMBIA — Columbia police responded to a report of shots fired early Sunday morning. The incident occurred on Apple... More >>
15 hours ago Sunday, July 21 2019 Jul 21, 2019 Sunday, July 21, 2019 6:08:00 PM CDT July 21, 2019 in News
LAKE OF THE OZARKS - Missouri Highway Patrol Troop F responded to a boat fire at the Lake of the... More >>
16 hours ago Sunday, July 21 2019 Jul 21, 2019 Sunday, July 21, 2019 5:40:00 PM CDT July 21, 2019 in Continuous News
JEFFERSON CITY - FEMA opened the doors of a new Disaster Recovery Center in Cole County over the weekend. ... More >>
20 hours ago Sunday, July 21 2019 Jul 21, 2019 Sunday, July 21, 2019 1:37:00 PM CDT July 21, 2019 in News
COLUMBIA — A Columbia teenager is home safe after she was missing for almost two days. Summer Skye Allen,... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 9:05:00 PM CDT July 20, 2019 in Continuous News
COLUMBIA — Three men were arrested after allegedly stealing $22,000 worth of electronics from a Moberly Walmart Saturday. Several... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 6:53:00 PM CDT July 20, 2019 in Continuous News
CENTERTOWN - Family, friends and even strangers showed up to celebrate Jasen Smith's life at his Memorial Benefit at Apple... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 4:35:00 PM CDT July 20, 2019 in News
COLUMBIA - Police confirmed a runaway teen missing since Thursday was found safe Saturday afternoon. Summer Skye Allen was... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 4:03:00 PM CDT July 20, 2019 in News
COLUMBIA - After being closed since May due to flooding, The Station House at Katfish Katy's is now open. ... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 3:32:00 PM CDT July 20, 2019 in News
JEFFERSON CITY - The runway at Jefferson City Memorial Airport is back open after a small plane overturned Saturday morning.... More >>
1 day ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 1:25:00 PM CDT July 20, 2019 in News
COLUMBIA — A Rolla man was sentenced to life in prison Friday for a 2017 shooting that killed two people.... More >>
2 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 7:45:00 PM CDT July 19, 2019 in News
HOLTS SUMMIT - The Missouri Highway Patrol helped detonate a suspicious package Friday afternoon at the Holts Summit Police Station.... More >>
2 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 7:29:00 PM CDT July 19, 2019 in News
COLUMBIA - With the SEC Media Days wrapping up earlier this week, the SEC announced the annual media preseason picks... More >>
2 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 6:46:03 PM CDT July 19, 2019 in Sports
COLUMBIA - With excessive heat fixed over Mid-Missouri, senior citizens looked for a place to escape the heat on Friday.... More >>
2 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 1:45:00 PM CDT July 19, 2019 in News
JEFFERSON CITY - The Show-Me State games kicked off Friday morning at 11 AM with a Torch Run at the... More >>
2 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 1:44:00 PM CDT July 19, 2019 in News
COLUMBIA - Police arrested a man Thursday night after he allegedly went into a woman's apartment and sexually abused her.... More >>
3 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 9:06:01 AM CDT July 19, 2019 in News
INDIANAPOLIS (AP) — Prosecutors filed reckless homicide charges on Thursday against a Missouri semi driver for a highway construction zone... More >>
3 days ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 8:12:49 AM CDT July 19, 2019 in News
Columbia, MO
Broken Clouds 73°
10am 74°
11am 77°
12pm 79°
1pm 80°