WKU Regents Approve $314.6 Million Budget For 2007-08

June 22, 2007

Bowling Green, Ky. - The Western Kentucky University Board of Regents today approved a $314,642,000 budget for 2007-08. The budget is a 7.1 percent increase over the 2006-07 budget.
           
The total education and general budget (E&G) is $295.6 million while auxiliary services, which includes dining and housing, totals $19 million.
           
The largest source of revenue will be tuition and fees at $120.1 million (38.2 percent of the E&G budget). State appropriations total $86.4 million (27.4 percent of the E&G budget), which includes $2.3 million for the Academy of Mathematics and Science for Kentucky at WKU.
           
Major expenditures include $147.3 million for personnel, including a 4 percent salary increase pool; $89.8 million for operating expenses and $47.5 million for student aid.

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For more information, contact Ann Mead, Chief Financial Officer, at (270) 745-2434.