{"id":29635,"date":"2014-04-17T10:00:13","date_gmt":"2014-04-17T14:00:13","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=29635"},"modified":"2014-04-17T09:39:00","modified_gmt":"2014-04-17T13:39:00","slug":"wright-state-presents-budget-to-board-of-trustees","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2014\/04\/17\/wright-state-presents-budget-to-board-of-trustees\/","title":{"rendered":"Wright State presents budget to Board of Trustees"},"content":{"rendered":"

\"\"<\/a>Wright State proposed its fiscal 2015 budget to the Board of Trustees as well as faculty, staff and students, a spending plan designed to build on the university\u2019s successes and support its growth.<\/p>\n

The budget was presented and detailed April 17 to an audience in the Student Union Apollo Room.<\/p>\n

The university proposed an annual operating budget of $304.5 million, an increase of $6.5 million over last year. It is part of an overall budget of $398.5 million, which includes money for restricted use that comes from research grants and contracts.<\/p>\n

The university requested, as part of the budget, a modest, annual tuition increase this fall for full-time undergraduate students of $188 over last year\u2019s tuition of $8,542, a 2.2 percent increase. Wright State\u2019s tuition continues to track below the U.S. national average for four-year public universities and is among the lowest for Ohio\u2019s four-year public universities.<\/p>\n

\u201cThe university budget is about being a good steward of our future to ensure that students reach the finish of their degrees, that we continue our innovation in research, and continue to engage our community,\u201d said President David R. Hopkins.<\/p>\n

Mark M. Polatajko, vice president for business and fiscal affairs and university treasurer, detailed the financial condition of the university and laid out the proposed budget to the trustees and the campus audience.<\/p>\n

Polatajko also reviewed the successes of the 2014 budget, highlighting how Wright State has saved money and created efficiencies by contracting with a new hospitality services provider, launching energy-saving initiatives, entering into a consortium to manage printing services and optimizing other resources.<\/p>\n

Wright State also increased scholarships with over $6.5 million awarded to more than 2,300 Wright State enrolled students.<\/p>\n

\u201cWe are creating the highest value for every dollar we spend,\u201d he said.<\/p>\n

He noted that the ongoing construction of the Neuroscience Engineering Collaboration Building, the Student Success and Classroom Building and other campus projects will help drive student success and research efforts. Additionally, more than $14 million in capital funding from the state will be used to modernize campus buildings for improved classroom experiences and revitalize space to improve student service.<\/p>\n

While higher education\u00a0institutions face several challenges amid state and federal initiatives focused on delivering quality education and increased value to families, as well as continued decrease in state support of higher education, Wright State University is poised to continue to serving 21st\u00a0century-students.<\/p>\n

\u201cThe financial condition of the university is strong,\u201d said Polatajko. \u201cThe fiscal 2015 budget continues on the path of sound fiscal stewardship and aligns our resources to the relentless execution of our 2014\u201318 Strategic Plan.\u201d<\/p>\n

The trustees are scheduled to vote on the budget at their May 2 meeting.<\/p>\n

Read the\u00a0complete current funds budget document (PDF) >><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wright State’s proposed fiscal 2015 budget is designed to build on the university\u2019s successes and support its growth. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":25053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[729,725,715],"tags":[],"class_list":["post-29635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-campus","category-home-news-sidebar","category-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/29635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=29635"}],"version-history":[{"count":12,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/29635\/revisions"}],"predecessor-version":[{"id":29649,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/29635\/revisions\/29649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/25053"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=29635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=29635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=29635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}