Penn State’s Board Of Trustees Approves Interim Budget
May 11, 2001
University Park, Pa. – Penn State adopts an interim budget each year so that it has an approved fiscal operating plan from the end of its fiscal year, July 1, until the next year’s budget is approved by the University’s Board of Trustees. The 2001-2002 Penn State budget will be presented to the board for approval at its next meeting, July 17, at Penn State’s Abington campus.
Today (May 11), the Board approved the interim maintenance and operating budget at the level of the 2000-2001 total operating budget of $2,163,818,000 for the total University.
The board will take no action on changes in tuition, salaries and wages, employee benefits, or other necessary expense increases until after the 2001-2002 state appropriation has been approved.
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Contact: Tysen Kendig, Department of Public Information, (814) 865-7517 or tysen@psu.edu.