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Research Bulletin Highlights University's Commitment to Intellectual Inquiry |
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Fiscal Year 2000 State Allocation to Budget Announced |
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Mergers and Takeovers Topic of Recent Forum for 21st Century |
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On December 1, University President William Bulger announced a $4,058,039, or 5.4 percent increase in the state appropriation for UMass Boston in fiscal year 2000. The total base state appropriation totals $79,443,109. Non-state support of approximately $75.5 million comes from student fees, auxiliary revenues, trust and endowment funds, grants and contracts, and the Divison of Continuing Education.
The highlights of the increase include fully funded collective bargaining salary increases and non-unit salary increases for the fiscal year, $705,923 from a new reserve for deferred maintenance projects, and nearly $600,000 in new discretionary funding.
In addition, President Bulger announced two awards to UMass Boston from the President's Reserve Fund totaling $343,000. The awards will be used for the enhancement of marine instrumentation and for the refurbishment of Lipke Auditorium.
The appropriation increase, including the reserve awards but excluding the deferred maintenance reserve, is $3,722,836 or a 4.94 percent increase over the comparable figures for FY 1999 and is consistent with the average increase of 5.0 percent that the campus has received over the past five years. The appropriation will allow the campus to go forward with most of its budget plans for FY 2000, including increased spending of $2.5 million on academic programs, $1.4 million for the implementationof PeopleSoft, $490,000 for renovations of labo- ratories and other equipment needs, and $325,000 for the rehabilitation of facilities.
The appropriation increase was, however, lower than the original budget projections for the campus. In order to provide for new programmatic spending, minor adjustments will be needed to the overall campus budget of approximately $155 million in order to achieve a balanced budget for the current fiscal year. Chancellor Penney, Provost Cnudde, Vice Chancellor MacKenzie, and the other vice chancellors and deans are currently in the process of deciding on the measures that will be necessary to ensure positive budget results this year.