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.