MSSU board approves $76.4 million budget - Emily Younker, Joplin Globe

Spending in the fiscal year 2014 Missouri Southern State University budget is projected to exceed revenues by more than $2 million. The budget approved Thursday by the Board of Governors projects total expenditures of nearly $76.4 million, compared with the current budget, which lists $73.4 million in spending. Revenues in the budget approved Thursday are estimated at about $74 million. That means the university will dip into its reserve fund, which is expected to hold between $12.5 million and $13 million at the end of the current fiscal year on June 30, according to Rob Yust, vice president for business affairs. http://www.joplinglobe.com/local/x319988312/MSSU-board-approves-76-4-million-budget