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Trustees approve budget guidelines

04/24/1998

OXFORD, Ohio -- Miami University's board of trustees today (April 24) was told that the university has received about 12,000 applications--an all-time high--for this fall's 3,350-slot freshman class.

Acceptances are running 5 percent ahead of last year, according to Myrtis Powell, vice president for student affairs.

The pool of prospective students includes more minority applicants than in the history of Miami, according to Powell, who told trustees that acceptances from minority students are also up.

Acceptances from transfer students are up 123 percent, she said.

Deadline for acceptance decisions at most universities, including Miami, is May 1.

Trustees approved guidelines for the 1998-99 budget that call for increasing scholarships by $1.85 million and increasing most department's operating budgets by 2.5 percent. The library, however, would receive a 4 percent increase.

The guidelines also call for adding $1 million for computing system upgrades.

A deferred maintenance report received by trustees estimated the replacement cost for the university's buildings, utilities and infrastructure at just under $1 billion.

The university's 6 million square feet of building space is comparable to renovating and repairing 3,000 homes of 2,000 square feet, according to Demske.

In addition, the university must provide constant attention to an infrastructure of roadways and electrical distribution, water and sewer systems equaling that of a small city's.

In other action, trustees approved miscellaneous fees and authorized increasing the budget of the Ogden Hall renovation from $4.4 million to $6 million.

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