9/20/2007
NORTHERN MICHIGAN UNIVERSITY
2007-2008 RECOMMENDED DESIGNATED FUND BUDGET
EXPLANATION OF BUDGET CHANGES
		Change
RESOURCES
Gifts, Grants & Bequests		($54,014)		Reduction of federal funds for USOEC, increased Athletic Fundraising
Fees		650,010		Athletic ticket/student pass revenue, Cont. Educ training/reg. fees, Financial Services billing fees
Services		268,362		MGH security agreement; Recreation Services' pass increase
	RESOURCES	$864,358
EXPENDITURES
Personal Services - Established		$764,792		Compensation and minimum wage increase, additional positions in LRC, MGH security agreement
Supplies, Materials & Services		646,508		Software maintenance, computer repair parts, Cont. Educ. professional services, other inflationary increases in supplies, printing, postage, etc.
Equipment		34,549		Bus shelters
Internal Revenue		(101,428)		Printing Services rate increase; parking revenue for adjuncts
Transfers		(502,863)		General fund support increase, indirect costs for USOEC Olympic scholarships grant
Contingency		22,800
	EXPENDITURES	$864,358