BOT Approves FY'15 Budget Recommendations
October 11, 2013
MACOMB/MOLINE, IL -- The Western Illinois University Board of Trustees approved Fiscal Year 2015 operating budget and capital budget recommendations, as well as the FY'14 All-Funds Budget at its Oct. 11 Board meeting on the Macomb campus.
A recommended FY2015 operating budget increase of $15.1 million was approved. Western's current FY2014 appropriated budget is $127.6 million. The proposed budget includes an additional $5 million to support salary and cost increases; $2 million for deferred maintenance; $5 million for the operation of the Quad Cities Riverfront Campus; $1.5 million for student financial aid; $775,000 for the healthcare professional education program; and $775,000 for the Bachelor of Science in Engineering program.
A proposed FY'15 capital budget request of $327 million was approved by the board for new construction/renovations for a WIU-Macomb Science Complex ($111 million); WIU-QC Riverfront Campus Phase III construction ($35 million); a WIU-Macomb Visual Arts Center ($64.6 million); Stipes Hall remodel ($47 million); and a WIU-Macomb Education Building ($69.6 million). In addition, a request for $10.8 million in capital renewal funds was approved for critical deferred maintenance needs such as elevator maintenance, utility infrastructure repairs and numerous other needs. The University's total deferred maintenance and capital renewal backlog is more than $500 million.
The board also approved the Fiscal Year 2014 All-Funds Budget, which will be presented to the Illinois Board of Higher Education, the General Assembly and Gov. Pat Quinn. The University's total operating budget for FY'14 is $241.6 million.
Other items approved by the Board of Trustees included the retention of an external search firm for recruitment, selection and hiring of personnel; the contract for Pipe Trade District Council No. 34; and the 2013-2018 Information Technology Strategic Plan.