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Tuesday, June 18, 2024

Vincennes University adopts $134.76 million budget

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VINCENNES, IND. – Vincennes University adopted a $134.76 million budget

today for fiscal year 2009-10.

Adopted unanimously by the VU Board of Trustees Finance/Revenue Committee,

the budget includes general fund revenues and expenses of $70.13 million

and auxiliary fund revenues and expenses of $23.65 million. Although the

budget includes no salary increases, it does provide for health insurance

increases of 10 percent.

The Finance/Revenue Committee on July 13 approved increases in tuition and

fees of 3.75 percent in 2009-10 – the smallest percentage increase among

all state universities.

“There are not any significant increases in any of the areas of the budget

because of the fact that our revenue stream is a little less than it was a

year ago, so we had to be cognizant of that as we developed this budget,”

said VU President Dick Helton.

State operating appropriations to VU were cut about 4.6 percent over the

biennial budget adopted by the legislature earlier this year.

“The budget that was adopted relates to the economic times that we have

today. We tried to be mindful about tuition increases and think about our

students and their parents during this economic downturn. At the same

time, we have a responsibility to maintain a quality program at Vincennes

University, so this budget reflects that,” Helton said.

Helton will join other state university presidents Tuesday before the State

Budget Committee to answer questions about tuition increases. “I am

confident about defending this budget because, number one, VU adopted the

lowest percentage increase in tuition among the state universities, being

mindful of our students and their parents,” Helton said. “We feel very

confident that we developed a budget that we can easily justify and at the

same time maintain quality programming for Vincennes University students.”

Helton praised the work of trustees and staff in preparing this year’s

budget. “I cannot say enough about the good work that we have done

collectively to develop this budget. We tried to develop a financial plan

that will allow us to grow as an institution and provide programming that

is important to our students,” Helton said. He singled out both the

Board’s Finance/Revenue Committee and the VU Financial Services Area, under

Vice President Phil Rath, for their work in developing the budget.

“This has been a different budget to prepare. The economic downturn has

certainly had an impact on what we’ve done from the finance standpoint,”

Helton said.

Although stability rather than growth characterizes the adopted budget,

Helton said communities served by VU will receive a boost.

“When you talk about a budget of this magnitude, just the sheer numbers

themselves indicate that this offers a positive impact for the communities

we serve,” Helton said. “When we bring a large number of students to

campus each fall, that also impacts our community from an economic

standpoint, and that’s why it is important that we maintain a quality

budget, quality programs, and we find ways to help our students and

communities at the same time.”

VINCENNES UNIVERSITY – Indiana’s First College

VU is state-supported with campuses in Vincennes and Jasper and additional

sites such as the Indianapolis International Airport. VU also offers

instruction at military sites throughout the nation.

In addition to offering 200 associate degree and certificate programs, VU

also offers bachelor’s degree programs in technology, homeland security,

nursing, and secondary education programs in mathematics, science, and

special education.

VU enrolls students from throughout Indiana, 25 other states, and 37

foreign countries. Tuition and fees are the lowest among Indiana campuses

with residence halls. VU is accredited by the Higher Learning Commission

of the North Central Association of Colleges and Schools.

Founded in 1801, VU is Indiana’s first college and is the only college in

the nation founded by an individual who would later become President of the

United States. William Henry Harrison, the ninth U.S. President, founded

VU while serving as governor of the Indiana Territory. More information is

available at www.vinu.edu.

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