Office of the President
April 6, 1965
Members, Board of Trustees:
REPORT ON PREPARATION OF 1965-66 BUDGET
Later this month the proposed budget for the 1965-66 fiscal year will be submitted and
recommended for your consideration and adoption at the regular meeting of the Board
of Trustees on May 4.
As you may recall, the Executive Budget for the Commonwealth carried an expenditure
level of $38. 9 million for the University in the current fiscal year and in the second
year of the biennium, or fiscal '65-66, a level of $43. 67 million. The expenditure base
in this current year represents a $6. 23 million level above the 1963-64 budget and the
proposed budget for the 1965-66 year will be slightly under a $4. 0 million increase
over this veare
The proposed '65-66 budget has been in preparation for many weeks and now nears the
final stages. The process has, of course, included enrollment projections for depart-
ments and colleges, analyses of program needs and staff patterns, and comparative
studies of similar institutions.
Since a budget should be a financial expression of the educational program, priorities
have been established for the allocations of funds according to the most urgent academic
needs. Provision for new faculty positions tops the list in order to accommodate an in-
creased enrollment and to strengthen certain programs. Keeping pace with surrounding
state universities requires a high priority for faculty salary increments to retain quali-
fied teachers and researchers. As for this current year, the salary increments will be
based upon merit and upon promotion in rank.. The summer faculty stipends for re-
search will be continued and a similar provision, as recommended to you a few minutes
ago, will be made for the purpose of improving teaching, Also in the priorities is an
increase in the number of graduate assistantships, many of which will be filled in teach-
ing and laboratory responsibilities, and which should substantially enhance our graduate
programs. Other priority items include acquisitions for libraries and merit increments
for classified personnel.
The proposed budget will be submitted to you in a slightly revised format. The initial
document for action on May 4 will portray and seek a general expenditure authorization
in dollar values exhibited by the three expenditure objects of personal services, cur.
rent expense, and equipment and replacement for each department, division, and major
unit of the University.
While the preparation of the '65-66 budget has been in progress, work has also been
underway on the development of the budgetary request for the ensuring biennium of
1966-68. This document is to be completed in October.