January 17-18, 2002

 

ITEM 114-116-R0102����������������� FY02 Budget Modifications � Estimated Tuition Revenue

 

THAT:��������������������������������������The Board of Regents authorizes the following increases in the CHE Current Unrestricted Budgets to reflect estimated tuition revenues that exceed the level initially authorized:

 

UM-Missoula

$1,650,000

MSU-Bozeman

$�� 482,660

COT-Great Falls

$�� 418,274

MSU-Billings

$�� 138,192

MSU-Northern

$�� 398,720

 

EXPLANATION:����������������������� The original CHE Current Unrestricted Operating Budgets were based upon conservative enrollment and revenue projections.� While these estimates provided sufficient authority on three campuses, it appears that five campuses will not have sufficient authority based upon updated enrollment and revenue projections.� These updated projections are based upon actual summer and fall semester enrollments and revenues and projected enrollment and revenue for spring semester.� Attached is information that details the original and updated enrollment and revenue information and also details the proposed uses of the tuition revenue.