GRAND RAPIDS – The Ferris State University Board of Trustees approved a fiscal year 2013-14 general fund operating budget as well as room and board rates for the 2014-15 academic year at its regular meeting on Friday, Oct. 4 at the Woodbridge N. Ferris Building in Grand Rapids.
At its July meeting, trustees approved a preliminary general fund operating budget for 2013-14. This final budget takes into account a small increase in state appropriations, and the level of tuition income for the fall semester of 2013. The board voted unanimously to approve a balanced budget of $197.6 million for the university.
The final 2013-14 housing and dining budget is $33.5 million for a combined final budget total of $231 million.
Trustees approved a 2.9 percent increase in the room and board rates for the upcoming academic year, 2014-15. The most popular room and board plan for students is the silver/bronze plan that has a rate of $9,168 from the 2013-14 amount of $8,910.
In accordance with the state of Michigan’s invitation to submit capital project requests for consideration in the fiscal year 2015 budget cycle, trustees approved the submission of two capital outlay requests along with a five-year capital planning document. These two priorities are based on the University campus facility master plan. Priority one is the expansion of Welding Engineering Technology, Advanced Manufacturing and Automotive Technology Renovation at a projected cost of $35 million. Priority two is a Virtual Learning Center supporting Digital Forensics, Charter Schools, Teacher Education, Community College Leadership and University-wide Virtual Learning at a projected cost of $40 million for new construction.
In other action, the trustees approved:
The trustees are chair Gary L. Granger, of Byron Center; vice chair Sueann L. Walz, of Big Rapids; secretary Dr. D. William Lakin, of Clinton Twp.; Alisha M. Baker, of Mount Clemens; Paul E. Boyer, of Ada; Erin R. Brown, of East Lansing; Lori A. Gwizdala, of Bay City; and Arthur L. Tebo, of Walloon Lake.
The next regular meeting of the trustees is Friday, Dec. 13 in Big Rapids.
Last updated: 10-04-2013