DALLAS — The Texas Woman’s University Board of Regents will consider a budget totaling more than $228 million in expenses for the 2012-13 fiscal year at its regular meeting Friday.
The finance and audit committee met Friday at the TWU T. Boone Pickens Institute of Health Sciences-Dallas Center to discuss the proposed budget.
Revenue for fiscal year 2013 is expected to be about $3.2 million less than the current budget, and the university is proposing a cut in expenses of about $3.6 million from the current budget.
TWU is expecting a 1.5 percent increase in enrollment, said Brenda Floyd, vice president of finance and administration. That, along with growth above projections for the 2011-12 fiscal year and a 3 percent increase in designated tuition — which was approved at the regents’ February meeting — will increase tuition revenue by $2.9 million.
“We have budgeted conservatively based on our enrollment projections,” Floyd told members of the finance and audit committee.
TWU is proposing a $544,000 increase for faculty tenure and promotions.
The school plans to reduce its budget in areas such as the Texas Medical Center library costs, the Lifelong Learning budget for conference service costs and the academic financial services budget.
Floyd told the finance and audit committee there were not a lot of changes to the fiscal year 2012-13 budget.
“Next year will be the bigger change as we go through the appropriations year,” Floyd said.
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