Addendum #2

 

NORTHERN MICHIGAN UNIVERSITY

State Budget Request

Requested Increase in 2005-2006 Operating Budget

 

 

 

                                                                                                                 

BASE BUDGET REQUEST

 

Compensation, staffing, and support cost increases                             $3,186,000

Scholarships and financial aid increase                                                        220,000

 

Other cost adjustments:

 

1.       Michigan Public School Employees Retirement

             System   (MPSERS)                                                                            500,000

2.       Health insurance                                                                                    600,000

3.       Utilities                                                                                                    400,000

 

           Subtotal OPERATING BUDGET COST INCREASES             $4,906,000

 

Less:  Tuition Revenue

 

1.       Enrollment Increase                                                                      (   1,460,000)

 

 

           TOTAL INCREASE REQUESTED                                               $3,446,000