ERIC Number: ED484107
Record Type: Non-Journal
Publication Date: 2004-Jun
Reference Count: 0
Educational and General Budgets Summary and Analysis, Fiscal Year 2005.
Oklahoma State Regents for Higher Education
After a reduction of ten percent in FY04, Oklahoma institutions have budgeted an overall increase of 3.4 percent in state appropriations support for FY05. The FY05 E&G Part 1 budget shows an overall increase of 7.5 percent or $97 million, comprised of 50.3 percent in state support and 49.7 percent in self-generated revolving funds, primarily from tuition. Because of mandatory cost increases and continuing enrollment growth, this budget must be viewed essentially as "catch-up." Institutions will once again face increases in contributions to the health insurance plans for employees and increases in risk management costs. Most institutions have made faculty and staff salary increases a priority, and a few new faculty positions have been added in order to accommodate the increased demand for course sections. This report will focus on the Educational and General primary budget, both revenue and expenditures, as well as highlight several key components of institutional budget decisions. A section is also included on the sponsored budgets, particularly sponsored research, as it becomes ever more important to the economic development of the state. (Contains 14 tables.) [Document produced by the Oklahoma State System of Higher Education.]
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: Higher Education
Authoring Institution: Oklahoma State Regents for Higher Education, Oklahoma City.