Sat, Jul 05 2008
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Published May 16, 2008 10:28 pm - The Missouri Southern State University Board of Governors on Friday adopted a budget that anticipates almost $5 million more in spending than was called for in last year’s budget, but includes no cost-of-living raises for staff. MSSU adopts $69.2 million budget By Joe Hadsall jhadsall@joplinglobe.com The Missouri Southern State University Board of Governors on Friday adopted a budget that anticipates almost $5 million more in spending than was called for in last year’s budget, but includes no cost-of-living raises for staff. The board approved a $69.2 million budget for the fiscal year. With only about $66.6 million in estimated income, the budget calls for about $2.6 million to come from MSSU’s cash reserves. The budget does not include cost-of-living pay raises for university staff. A 1 percent increase for employees would have cost about $300,000, according to a draft of the budget. The budget is an increase over the current fiscal year’s budget of $64.4 million. “I do not like recommending no across-the-board pay increase,” member David Ansley said. “Even with raising tuition as much as the state will let us, we still have a cash-flow problem.” Employees who have been promoted will receive the salaries associated with their new positions. The board allocated $150,000 to fund those promotions. The board also earmarked $150,000 for raises in salaries of professional staff, such as secretaries and assistants. The board will decide those raises later in the year, after receiving a report from a consulting firm studying the issue. Richard Laird, a professor of mathematics at the university, said the move is unfortunate, but not surprising. “I had already heard rumors we wouldn’t get much of a raise,” Laird said. “But it’s a tough financial time for the university, so we have to cut something.” University departments will be asked to stick to their budgets and cut operating costs. David Jones, chairman of the board’s budget committee, said a review of the university’s finances revealed that cash reserves are not as large as they should be. “It doesn’t seem to be a problem this year, but could be in the next year,” Jones said. “Things have to tighten up on the financial end.” Treasurer Linda Eis said the university’s cash reserves fluctuate monthly, depending on income. As of April 30, MSSU had cash and equivalents worth about $6.1 million. 
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