Trustees Adopt Budget for 1994-95, Set Student Fees

TRUSTEES ADOPT BUDGET FOR 1994-95, SET STUDENT FEES

     COLUMBUS -- The Ohio State University Board of Trustees
Friday (6/3) adopted a 1994-95 budget of $1.4 billion, including
$556.5 million in General Funds.  The General Funds Budget covers
daily operating expenses, including academic programs.

     The budget, up 2.9 percent from this year's $540.6 million,
includes increases in tuition averaging 5 percent for
undergraduate and graduate students.

     Income from tuition, however, is expected to rise only 3.7
percent because of lower enrollment.  Overall income from
tuition, state support and other revenues is expected to rise 2.9
percent.

     Average room and board fees will increase about 3.3 to 4.1
percent for graduate and undergraduate students, respectively.
Bookstore prices will go up 5 percent and single-student health
insurance will rise 9 percent.

     Students will pay either $18 more or $19 less to park their
cars next year, depending on where they choose to park.

     Football and basketball tickets prices will rise $4 and $8,
an increase of 10 and 16.7 percent, for all students.

     (For more information, see the Summary of Typical Student
Fees, Columbus Campus, attached.)

     The budget includes $10.2 million in reductions to college
and office budgets. The reductions will be used to help fund more
than $33 million in academic priority programs.

     Those priority funds include $14 million to increase
compensation to faculty and staff by an average of 4 percent, $3
million to strengthen academic programs and offer more summer
course offerings; and $3 million to $4 million in one-time funds
to improve computing capabilities.  The funds for computing are
in addition to revenues from fees approved last month for
upgrading computers in the colleges of Business and Engineering.

     Also included is $5.1 million in additional funds for
scholarships and $6 million in additional university and state
funds to renovate and repair obsolete or worn-out facilities.

     Other priority allocations include $800,000 to expand
programs designed to attract more minority faculty and students
and $1.9 million to provide space, equipment and graduate student
support for faculty engaged in research.

     Another $426,000 was reserved to comply with mandates and
rulings of the Occupational Safety and Health Administration,
Nuclear Regulatory Commission, Americans for Disabilities Act,
and Internal Revenue Service.

     The internal budget cuts average 3 percent.  The cuts range
from 1 percent for the Office of Admissions and Financial Aid to
9 percent for the Graduate School administration. Reductions in
college budgets ranged from 2.4 to 3.75 percent.

     Direct student services protected from cuts included
admissions; financial aid; scholarships; course registration;
fees, deposits and disbursements; and core academic programs.
Also protected were library acquisitions, campus police, Crime
Watch, Community Crime Patrol, disability services, the Ohio
Unions, maintenance of central classrooms, and support of student
organizations.
                                
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Contact:  Richard Sisson, senior vice president for academic
          affairs and provost, (614) 292-5881,
          or William J. Shkurti, (614) 292-9232.

Written by Tom Spring, (614) 292-8309.


[Submitted by: REIDV  (reidv@ccgate.ucomm.ohio-state.edu)
               
Fri, 03 Jun 1994 16:33:56 -0500 (EST)]
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