Minnesota State Colleges & Universities Board of Trustees

October 20, 2004

Board Meeting Summary

Wells Fargo Place
Saint Paul, Minnesota

THIS SUMMARY IS NOT THE OFFICIAL MINUTES OF THE MEETING

FY 2006 - 2007 Biennial Operating Budget (PDF)
The Board of Trustees is committed to providing high-quality, accessible education at all Minnesota State Colleges and Universities. The Board strongly urges the state of Minnesota to support the Minnesota State Colleges and Universities FY2006-2007 biennial operating budget request as illustrated in Table 1, as follows:

Table 1

Minnesota State Colleges and Universities
FY2006-FY2007
Biennial Operating Budget
State Appropriation Request and Tuition Assumption
($ in millions)
FY2006-FY2007
Biennium
Adjusted Base*
$1,236.8
Request
$ 66.5
Total FY2006-FY2007 State Appropriation

$1,303.3

($ in millions)
Tuition Assumption (4% annual increase)
$62.9

* The adjusted base includes the $130.8 million enrollment adjustment for past enrollment growth, comprised of $36 million per year in base money and $58.8 million in one-time funds.

The Board of Trustees approved the final FY2006-2007 Minnesota State Colleges and Universities biennial operating budget request for transmittal to the Department of Finance. The Chancellor is requested to provide periodic updates on the progress of the budget through the executive and legislative branch review and approval process.

Mission Approval: Rainy River Community College (PDF)
The Board of Trustees approved Rainy River Community College's vision, proposed mission, purposes and array of awards.

Itasca Community College Housing Proposal (PDF)
The Board of Trustees approved the Authorizing Resolution for Itasca Community College's Housing Proposal.