UCM Board Approves $9.6M Budget, New Degrees at April Meeting

University of Central Missouri's Board of Governors approved a $9.6 million operating budget for fiscal year 2025 and established new academic programs. The board also recognized outstanding individuals and awarded contracts for facility enhancements.

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UCM Board Approves $9.6M Budget, New Degrees at April Meeting

UCM Board Approves $9.6M Budget, New Degrees at April Meeting

The University of Central Missouri's Board of Governors convened for a plenary session on April 24 at the Missouri Innovation Campus in Lee's Summit, where they approved the fiscal year 2025 operating budget of $9.6 million. The budget factors in anticipated revenue from tuition, state appropriations, and investment income to support key institutional priorities in the coming year.

Why this matters: The approval of the budget and establishment of new academic programs demonstrates the university's commitment to investing in its students, faculty, and staff, which can have a positive impact on the local economy and community. This investment can also lead to improved educational outcomes and increased opportunities for students, ultimately contributing to the development of a moreskilled workforce.

The approved FY 2025 general fund includes allocations for salary increases, facility enhancements, and other operational needs. UCM employs an incremental budgeting approach, carrying forward $3 million from FY 2024 one-time projects and distributing an estimated $12.6 million in new revenues across various areas.

In addition to the budget approval, the Board of Governors authorized the establishment of several new academic offerings, including an Education Specialist (Ed.S.) degree in Special Education and undergraduate certificates in Agricultural Safety, Agritourism, Greenhouse Management, and Precision Agriculture. These programs are pending approval from the Missouri Department of Higher Education and Workforce Development Coordinating Board and the Higher Learning Commission.

The board also awarded a $550,921 contract to Godard & Son Roofing Company Inc. for the replacement of the Administration Building roof. They expanded the university's contract with Ellucian to include Talent Management Suite modules and entered into a three-year agreement with Encoura for undergraduate recruitment services.

During the session, the Board of Governors recognized numerous students, faculty, and staff for their achievements and contributions to UCM. They conferred emeritus status on three distinguished individuals in recognition of their dedicated service: Dr. Douglas Hatridge, former assistant director of the Central Regional Professional Development Center; Mr. Jeff Murphy, director of University Communications; and Mr. Richard Wilbur, custodian.

The University of Central Missouri's Board of Governors' approval of the $9.6 million operating budget for fiscal year 2025, along with the establishment of new academic programs and recognition of outstanding individuals, sets the stage for continued growth and advancement at the institution in the coming year. The budget allocations and strategic decisions made during the April 24 plenary session demonstrate UCM's commitment to investing in its students, faculty, staff, and facilities.

Key Takeaways

  • UCM's Board of Governors approved a $9.6 million operating budget for FY 2025.
  • New academic programs include Ed.S. in Special Education and undergraduate certificates.
  • $3 million carried over from FY 2024 and $12.6 million in new revenues allocated.
  • Board authorized contracts for roof replacement, talent management, and recruitment services.
  • Three individuals recognized with emeritus status for their dedicated service to UCM.