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BUDGET MESSAGE FROM VICE PRESIDENT FOR ADMINISTRATION AND FINANCE

budgetThe purpose of this memo is to briefly describe some of the issues that are being considered as part of our fiscal year 2012 budget planning process.

For FY 2012 the governor recommended no changes to K-State’s state general fund operating appropriation. However, we have a number of funding needs that we will have to address. It is helpful to remember that the K-State general use budget, consisting mostly of state funds and tuition, is about 0 1xbet online sports betting and that this memo is focused on the general use portion of our budget.

For simplicity we have divided the various funding increases that are needed in the general use budget into two groups. The total amount needed is about .1 1xbet online sports betting .

Group 1: Required general use increases (.6M)
1. .8 1xbet online sports betting to replace federal stimulus funding currently being used to fund student aid and graduate student salaries.
2. .15 1xbet online sports betting to fund a 15 percent increase in employer group health insurance costs.
3. .5 1xbet online sports betting to fund increased need-based and institutional aid costs (without this investment we risk losing students and tuition.)
4. >40_word_end<.75 1xbet online sports betting to fund increased utility costs.
5. >41_word_end<.3 1xbet online sports betting to fund university handbook required salary increments.
6. >42_word_end<.1 1xbet online sports betting to fund removal of the old chemical landfill.

Group 2: Important and recommended general use increases (.5M)
1. 1xbet online sports betting to be used to address merit and retention issues.
2. 1xbet online sports betting to fund graduate research assistant tuition waivers for GRAs supported by general use funds. (Tuition waiver costs for GRAs funded from grants or other sources would be paid from those other sources.)
3. >49_word_end<.5 1xbet online sports betting to create a modest reserve.

Current plans to fund our needs are:
1. Include .9 1xbet online sports betting that results from current enrollment levels.
2. Implement .6 1xbet online sports betting in funding reductions agreed to last spring.
3. Continue working with students and faculty to determine an appropriate tuition increase. An increase of 4 to 5 percent would produce a bit over 1xbet online sports betting for all university components.

We cannot commit to funding the Group 2 needs until the legislature has acted and until the student-led tuition strategy group has developed its recommendations. We will provide additional updates as we receive more information.

Please feel free to contact me at bshubert@k-state.edu with comments or questions.

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