Board of Regents approve FY2012 Budget

CAPE GIRARDEAU, MO (KRCU) - Southeast Missouri State University’s Board of Regents approved its Fiscal Year 2012 budget on Wednesday.

The budget includes nearly 97 million dollars for its operations budget and approximately 35 million dollars for the auxiliary operations budget.

The board wrapped a 2 percent merit-based salary raise for non-faculty employees into the budget. Faculty will receive a salary increase of 1.75 percent and a 0.25 percent salary pool to fund post-professioral merit increases

Representatives from two design firms – The Lawrence Group and Cark Enerson Partners – presented updates of their plans for Academic Hall and Magill Hall to the Board of Regents.

The Academic Hall project is currently running slightly under budget. Construction is still scheduled to begin in February 2012.

Jacob McCleland, KRCU

Posted in: Board of Regents,Missouri Budget,Southeast Missouri State University