Southeast Regents approve $114.2 million operating budget - Kaylie Ross, KFVS

The Southeast Missouri State University Board of Regents on Tuesday, June 12, approved a $114.2 million operating budget and $37.05 million in auxiliary operating budgets for the University, both for fiscal 2019, which begins July 1. The budget includes tuition and fee rates assessed to students for the 2018-2019 academic year approved by the Board in May. The budget also takes into account expense reductions, revenue increases, the previously Board approved academic restructuring changes, and the realignment of Academic Affairs operational and instructional budgets. The approved budget is based on a 7.7 percent reduction in state appropriations from FY18 amounting to a $3.37 million decrease for Southeast after one-time withholdings and $1.16 million in costs to continue operations, including mandatory increased retirement contributions. http://www.kfvs12.com/story/38418390/southeast-regents-approve-1142-million-operating-budget