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Miami trustees pass FY2013 operating budget

06/22/2012

Miami University trustees on June 22 passed an operating budget for the coming fiscal year (July 1-June 30) of $644.4 million. Scholarships, fellowships and student fee waiver commitments in the budget amount to more than $65 million.

The budget includes aggregate merit and salary improvement increases for faculty and unclassified staff equal to 2 percent and an additional 0.5 (one-half) percent for exceptional merit and equity issues, effective with the beginning of the appointment year; and a pool of funds amounting to 2.5 percent for classified staff salary enhancements and adjustments. These are the second raises in four years for Miami faculty and staff.

Trustees approved permitting the vice president for finance and business services to prepare to issue up to $125 million in series 2013 bonds to pay for renovating and constructing numerous housing and dining facilities.

Trustees also:

  • approved a new undergraduate degree program for the regional campuses, the bachelor of science in criminal justice, beginning in the 2012-2013 academic year
  • approved raising the professional MBA credit hour fee from $780 to $800 for spring 2013 and to $825 for fall 2013. The rate had been the same since 2010.
  • conferred emerita and emeritus rankings on several retiring faculty and administrators

In committee, trustees received a report on student engagement from Barbara Jones, vice president for student affairs. Among details shared:
  • 7,424 unique students were registered with the 417 student organizations on the university’s online student activity website, The Hub.
  • The Bernard B. Rinella, Jr. Learning Assistance Center provided approximately 30,000 hours of tutoring and supplemental instruction to 6,000 students this academic year
  • 1,024 events were registered/approved by the student activities and leadership office
  • The student activities and leadership office and its affiliated groups hosted 134 social and educational events with 40,062 participants.

Steven DeLue, outgoing chair of University Senate’s executive committee, told trustees of the positive impact on Senate function made by a decision by Provost Bobby Gempesaw to have the executive committee chair preside at Senate meetings instead of the provost.

The board accepted the recommendation of its nominating committee to replace outgoing board treasurer David Herche with trustee David Budig.

Trustees recognized the significant service of trustee David Herche and national trustee David Shade, whose terms on the board are ending.

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