State Regents approve Northwestern budget for FY13

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State Regents approve Northwestern budget for FY13

 June 21, 2012

OKLAHOMA CITY - The Oklahoma State Regents for Higher Education today approved the fiscal year 2013 institutional budget for Northwestern Oklahoma State University. The 2013 fiscal year begins July 1.

Dr. Janet Cunningham, university president, appeared before the Regents to outline Northwestern’s budget proposal. She will present the budget to the University’s governing board, the Regional University System of Oklahoma, for final approval on June 22 in Edmond.

Northwestern’s primary operating budget for next year is $24,159,281, about 2.3 percent larger than the current budget. The budget reflects increased mandatory costs and a 6.9 percent increase in tuition and mandatory fees.

“In preparing our budget, we were forced to deal with rising mandatory costs and no increase in state appropriations following last year’s cuts,” Cunningham said. “At the same time, the level of services required by our students and mandated by other agencies continues to increase.

“The decision to increase tuition and fees is a difficult one. We discussed the possibility with student leaders in the spring, and they supported the idea in order to maintain the quality of our academic programs and support services. Nonetheless, it’s still a tough decision to make.”

For a resident undergraduate student enrolled in 30 credit hours, the increase will be $315 per year. Despite the increase, tuition and fee costs remain well below the peer limit for regional universities. Northwestern did not increase rates on university housing, but did approve a small increase in board rates to cover the rising cost of food.

To assist students with these increased costs, the University will continue to actively work to raise additional private funds for scholarship support and will budget additional funds for student workers.

-NW-