Southeast Regents approve $98.3 million operating budget for FY - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Southeast Regents approve $98.3 million operating budget for FY 2013

Posted: Updated:
  • Heartland NewsMore>>

  • 3 injured in 4-car crash in McCracken County

    3 injured in 4-car crash in McCracken County

    Friday, July 25 2014 9:02 AM EDT2014-07-25 13:02:28 GMT
    Three people were injured in a four-car crash in McCracken County Thursday evening.
    Three people were injured in a four-car crash in McCracken County Thursday evening.
  • 1 teen killed, 3 others injured in Marshall County crash

    1 teen killed, 3 others injured in Marshall County crash

    Friday, July 25 2014 8:48 AM EDT2014-07-25 12:48:29 GMT
    A teenager was killed and three others were injured in a crash early Friday morning in Marshall County.
    A teenager was killed and three others were injured in a crash early Friday morning in Marshall County.
  • B-24 plane flies passengers to the past

    B-24 plane flies passengers to the past

    Friday, July 25 2014 8:28 AM EDT2014-07-25 12:28:24 GMT
    Veterans, their families and history buffs boarded a plane into the past at the Williamson County Regional Airport Thursday.The Commemorative Air Force (CAF) B-24 Bomber, Diamond Lil, provided several flights for folks curious to learn about this flying piece of history.“This is the first B-24 I’ve seen up close,” said Air Force veteran Donald Farris of Miller City. “I’ve seen B-29’s, B-25’s, B-26’s, but not a B-24.”For some, it was a way to connect with loved ones who are now gone. Tina But...
    Veterans, their families and history buffs boarded a plane into the past at the Williamson County Regional Airport Thursday.The Commemorative Air Force (CAF) B-24 Bomber, Diamond Lil, provided several flights for folks curious to learn about this flying piece of history.“This is the first B-24 I’ve seen up close,” said Air Force veteran Donald Farris of Miller City. “I’ve seen B-29’s, B-25’s, B-26’s, but not a B-24.”For some, it was a way to connect with loved ones who are now gone. Tina But...
CAPE GIRARDEAU, MO (KFVS) -

Finances were on the agenda at the Southeast Missouri Board of Regents meeting Wednesday.  The board got together and approved a $98.3 million operating budget for the university and $36.7 million in auxiliary operating budgets, both for fiscal 2013.

The 2013 fiscal year begins July 1.

According to the university, the budget increase includes a faculty base merit salary increase of 1.75 percent and a .25 percent salary pool to fund post-professorial merit increases and an increase to regular non-tenure track merit pay from $1,250 to $2,000, according to the university.

"Considering that University faculty and staff have only received a 2 percent salary increase in the last three fiscal years, and the demands placed on personnel to continue university operations with reduced budgets, merit based salary increases were a priority for all groups represented on the Budget Review Committee," said Kathy Mangels, vice president for finance and administration.

According to a university news release, the budget also includes a staff base merit salary increase of 2 percent for administrative and professional staff, 2 percent or $475, whichever is higher, for clerical/technical/service staff and bargaining units, and 2 percent increase for graduate assistant stipends.

President Ken Dobbins says the budget includes an eight percent reduction in operating expenses.  That's in line with Governor Jay Nixon's recommendation.  However the Governor hasn't signed off on the bill, but he expects to decide by July. 

Dobbins says he feels good about the process.

"We're very optimistic because the governor is very supportive of higher education and he's made some tough decisions," Dobbins said. "So we feel very good about the budget, but we're just not going to spend it if we don't know if we're going to get it yet."

Governor Nixon spoke at Southeast's commencement in May, which featured the largest graduating class in Southeast history. 

In related action, the university says that Regents approved the fiscal 2013 operating budgets for the University's auxiliary units, totaling $36.7 million. These self-supporting operations include such units as Southeast Bookstore, the Show Me Center, University Center, telecommunications, Residence Life, KRCU-FM National Public Radio and the Student Recreation Center.

The Board of Regents met Wednesday at 11 a.m. at Academic Hall.

Copyright 2012 KFVS. All rights reserved.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.