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.