Addendum #3


NMU Board of Trustees

Budget Calendar 2005-2006



October 2005 Board Meeting


o     State appropriation

n      WIN formula

n      Formula issues


o     Macro budget model

n      Appropriation

n      Tuition and fees

n      Enrollment

n      Costs


December 2005 Board Meeting


o     Costs

n      Instruction

o     Faculty mix

o     Compensation

n      Other cost drivers


o     Role of financial aid

n      Recruitment

n      Need-based


February 2006 Board Meeting


o     Based on previous two meeting discussion have a discussion about the role tuition, financial aid, appropriations., and costs/budget reductions play in NMU continuing to move ahead with our vision.