University News

BOT to Act on FY18 Budget

October 3, 2016

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MACOMB, IL -- The Western Illinois University Board of Trustees will consider the Fiscal Year 2018 operating budget and capital budget recommendations to be presented to state governance, as well as the FY'17 All-Funds Budget, at the Friday, Oct. 7 Board meeting in the University Union Capitol Rooms on the Macomb campus.

The WIU Board's open meeting will begin at 8 a.m. Friday. A scheduled closed session, in accordance with the provisions of the Open Meetings Act, will begin at 7 p.m. Thursday, Oct. 6 in the Corbin-Olson e-classroom.

A recommended FY18 operating budget increase of $9.9 million will be presented to Western's BOT for consideration. This recommendation is part of WIU's annual budget process and requests for state funding for salary increases, Quad Cities campus funding, health care professional education and engineering programs, deferred maintenance and financial aid for students. Western's current FY17 appropriated budget is $126 million.

A proposed FY18 capital budget request of $288.7 million will be reviewed by the board. In addition, $14.4 million in capital renewal funds will be reviewed for critical deferred maintenance needs. The operating and capital budget requests will be presented to the Illinois Board of Higher Education, the General Assembly and Gov. Bruce Rauner.

The Board will also review the Fiscal Year 2017 All-Funds Budget. The University's total operating budget for FY'17 is $237.3 million.

Other items on the Board agenda include the consideration of a new academic unit of instruction (Department of Liberal Arts and Sciences) and revision to vacation and sick leave regulations (second reading). The Board will also hear reports on the Office of Sponsored Projects activities, Intercollegiate Athletics, Long-Term Planning and the FY17 Strategic Plan.

The full agenda can be found at wiu.edu/bot.

Posted By: University Communications (U-Communications@wiu.edu)
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