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Northwest Missouri State University

News Release

June 27, 2013

Northwest Board of Regents approves 2013-2014 budget

The Northwest Missouri State University Board of Regents during its regular meeting Thursday, June 27, unanimously approved the University’s FY14 budget, which includes the Education & General (E&G) Budget and the Auxiliary Enterprises Budget, totaling $108.2 million.

The total budget continues a budget process that is part of a multiyear approach built upon past budget changes including operational efficiencies and investments in people and plant. It includes an appropriation increase of 3.2 percent and addresses mandatory expense increases and a continued focus on cost-of-living adjustments for employees.

Northwest President Dr. John Jasinski said the budget represents Northwest’s focus on access, affordability, quality and overall peer-leading student success indicators. Additionally, he said the budget was designed through a collaborative effort across the institution and reflects Northwest’s financially strengthened position over the last four years of budget cycles.

In other business, the Board approved revisions to the University’s Faculty Handbook and approved the renewal of an agreement between Northwest and the Northwest Foundation, which oversees and manages private donations in support of the University.

The Board of Regents is responsible for sound resource management of the University and determining general, educational and financial policies.

For more information, please contact:

Mark Hornickel, Communication Manager | 660.562.1704 | Fax: 660.562.1900

Northwest Missouri State University
215 Administration Building | 800 University Drive | Maryville, MO 64468