OSU-Tulsa Trustees Review Budget

Oklahoma State University-Tulsa President Gary Trennepohl proposed the university’s 2009-2010 operating budget to the OSU-Tulsa Board of Trustees at their regular meeting.
Trennepohl said the State’s higher education budget allocation experienced a 2.4 percent increase this year due to $928,000 in federal stimulus money. He said compared to other state agencies that received budget cuts, this is a good budget year for higher education.
“We are very grateful for the State Legislature’s support of higher education during a year when everyone is experiencing tight budgets,” Trennepohl said. “The increase in state funding will help cover part of OSU-Tulsa’s mandatory cost increases while enabling us to keep tuition rates the same for students next year.”
The proposed total operating budget for OSU-Tulsa’s next fiscal year is $23.6 million.
Trennepohl said during these economically challenging times, university officials are doing everything possible to maintain costs and keep an OSU degree affordable for students and their families.
With the approval of the OSU-Tulsa Trustees, the proposed budget will now be forwarded to OSU-Stillwater for inclusion in the budget process for all colleges and universities under the OSU/A&M Board of Regents.
Also at the board meeting, Trennepohl outlined several accomplishments for the past year.
Through its energy conservation program, OSU-Tulsa reduced energy costs considerably during the 2008 calendar year. Trennepohl said energy-saving measures resulted in a 22.5 percent savings, or $215,500 for the university.
In addition, major gifts to the university last year will make a big impact on several academic areas.
OSU-Tulsa received a gift from Tulsa-based ONEOK, Inc. that will make a $4 million impact at the university and create the first endowed Chair in finance at OSU-Tulsa. A gift from Tulsa residents Jay and Fayenelle Helm will generate $1 million in endowed funds and create a business professorship at OSU-Tulsa. Also, funding was completed for the Gary Trennepohl Chair in Leadership with endowments reaching $1.4 million.
Trennepohl noted that another highlight from the past year was OSU-Tulsa’s transition to a tobacco-free environment. He said the response from students, faculty, staff and visitors has been very positive and the efforts have resulted in a healthier environment for everyone.



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