FOR RELEASE: April 24, 2012
The Local Board of the University of New Mexico-Gallup approved a budget of $17,092,874 for 2012-2013 at the board meeting on April 25.
The budget reflects an increase of $489,500 in the total state general fund appropriation.
Wynn Goering, interim business operations manager, reported to the board that in seven of the past eight fiscal years, UNMG has under spent its annual operating budget, resulting in a $1 million surplus largely due to salaries not spent for vacant positions.
Revenues for the budget are broken down as follows: $3,105,966 in tuition; $547,500 in general fees; $8,703,700 in state appropriations; $2,100,000 from the general mil levy; $536,159 in other sources, such as work force training tuition from DWI classes, facilities rentals, gifts, etc.; $599,549 in balances; $1,250,000 from the bookstore; and $250,000 from childcare.
Goering also reported that the college bookstore is currently $80,000 in the black.
Some other highlights announced in the budget:
· The college for the first time budgeted a contingency fund, of $377,112 for FY 13.
· The state allocation includes $151,000 to resume the state’s share of employee pensions that was reduced in FY 12.
· The main campus budget includes a proposal to give employees a 1.75 percent non-recurring salary supplement in FY 13. If approved by the UNM Board of Regents, UNMG will have to follow suit.
· The college plans to reopen the childcare center for FY12-13.