BOT to Act on FY'15 Budget
October 7, 2013
MACOMB, IL -- The Western Illinois University Board of Trustees will consider the Fiscal Year 2015 operating budget and capital budget recommendations, as well as the FY'14 All-Funds Budget to be presented to state governance at the Friday, Oct. 11 Board meeting in the University Union Capitol Rooms on the Macomb campus.
The WIU board meeting will begin at 8 a.m., with a scheduled executive session in accordance with the provisions of the Open Meetings Act. The open meeting will begin at approximately 9 a.m., following the executive session.
A recommended FY2015 operating budget increase of $15.1 million will be presented to Western's BOT for consideration. Western's current FY2014 appropriated budget is $127.6 million. A proposed FY'15 capital budget request of $327 million will be reviewed by the board. In addition, $10.8 million in capital renewal funds will be reviewed for critical deferred maintenance needs.
The Board will also review the Fiscal Year 2014 All-Funds Budget, which will be presented to the Illinois Board of Higher Education, the General Assembly and Gov. Pat Quinn. The University's total operating budget for FY'14 is $241.6 million.
Other items on the Board agenda include considering the retention of an external search firm for recruitment, selection and hiring of personnel in accordance with the approved University Search Firm Prohibition Policy; the contract for Pipe Trade District Council No. 34; and the 2013-2018 Information Technology Strategic Plan.
The Board will also hear reports on the First Year Experience, Office of Sponsored Projects' activities, Intercollegiate Athletics, Long-Term Planning and the FY'14 Strategic Plan.