UM Finance Committee approves budget plans

2 months 1 week 6 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
COLUMBIA - After five years of a growing business, Peggy Jean's Pies is moving to a new location. With... More >>
9 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 8:05:00 PM CDT August 24, 2019 in News
ASHLAND - After Gov. Mike Parson called for the state legislature to convene in a special session to discuss a... More >>
11 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 6:46:00 PM CDT August 24, 2019 in News
INDIANAPOLIS (AP) — A defense attorney is seeking a psychiatric exam for the semi driver charged with causing a highway... More >>
13 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 4:06:00 PM CDT August 24, 2019 in News
LAKE OF THE OZARKS — Missouri State Highway Patrol divers recovered the body of a missing man Saturday night from... More >>
14 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 3:50:00 PM CDT August 24, 2019 in News
DES MOINES, Iowa (AP) — An Iowa-based grocery chain says it's aware of reports that hacked customer account information is... More >>
15 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 2:23:00 PM CDT August 24, 2019 in News
COLUMBIA - Columbia police are investigating a crash on I-70 at Stadium Boulevard on Saturday afternoon that left one person... More >>
16 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 1:50:00 PM CDT August 24, 2019 in News
COLUMBIA - Participants raised $83,988 for the Columbia Walk to Defeat ALS on Saturday. In its 12th year, the... More >>
16 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 1:48:00 PM CDT August 24, 2019 in News
COLUMBIA - A butterfly mural has appeared in a Columbia alley and has become a new photo destination. Children's... More >>
18 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 11:35:00 AM CDT August 24, 2019 in News
COLUMBIA, Mo. (AP) — Four years after student protesters denouncing a racist campus culture and demanding a more diverse faculty... More >>
19 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 10:26:00 AM CDT August 24, 2019 in News
ST. LOUIS (AP) — Police say an 8-year-old girl has been killed and three others injured in a shooting near... More >>
19 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 10:12:00 AM CDT August 24, 2019 in News
JEFFERSON CITY (AP)— Two former state lawmakers have been appointed to the Missouri commission that regulates casinos, fantasy sports... More >>
1 day ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 4:35:00 AM CDT August 24, 2019 in News
ST. LOUIS (AP) — St. Louis police and the U.S. Marshals Service have found and taken into custody two people... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 7:22:00 PM CDT August 23, 2019 in News
JEFFERSON CITY - A scare over a recent Facebook threat has a neighborhood rethinking the safety of their children. ... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 3:43:00 PM CDT August 23, 2019 in News
COLUMBIA - Forty-five cats, two birds, and three dogs are currently being housed at the Central Humane Society after a... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 3:36:00 PM CDT August 23, 2019 in News
FULTON – Students at Westminster College are getting some high tech help from the school: free iPads and Apple Pencils.... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:48:00 PM CDT August 23, 2019 in News
COLUMBIA- People in Boone and Callaway Counties have been receiving calls from people saying they need to pay money for... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:31:00 PM CDT August 23, 2019 in News
COLUMBIA - A tweet with video showing what appears to someone throwing something at a downtown church prompted police to... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:18:00 PM CDT August 23, 2019 in News
JEFFERSON CITY- Gov. Mike Parson tweeted about a big campaign announcement on his personal Twitter account Friday. ... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 1:19:00 PM CDT August 23, 2019 in News
Columbia, MO
Broken Clouds 65°
6am 65°
7am 65°
8am 66°
9am 68°