MINI传媒 System Budgets Approved for FY 2014
The combined FY 2014 operating budget for the entire MINI传媒 System is more than $1.7 billion, an increase of 7.9 percent over last year鈥檚 combined budget.
August 8, 2013 | Written by Dailey Fuller
The Finance and Administration Committee of the MINI传媒 Board of Regents today (Aug. 8) preliminarily approved the FY 2014 operating budgets for the MINI传媒 System Administration, , , and .
鈥淭his budget represents our continued commitment to educating generations of leaders and enhancing the state of Texas in an efficient and responsible manner,鈥� said , chancellor of the MINI传媒 System. 鈥淚nvesting in our universities provides a significant return and will pay dividends in a better future for students, families and our state.鈥�
The FY 2014 operating budgets run from Sept. 1, 2013 to Aug. 31, 2014 and are prepared on the basis of state appropriations and projected auxiliary, designated and restricted funds. The combined FY 2014 operating budget for the entire system is more than $1.7 billion, an increase of 7.9 percent over last year鈥檚 combined budget.
The overall economic impact of the MINI传媒 System on the state was approximately $10 billion in 2012, according to a report of the system鈥檚 influence on business activity released earlier this year. The assessment also revealed that for every dollar the MINI传媒 System spends, the state鈥檚 economy sees more than $23 returned.
Final approval of FY 2014 operating budgets by the full board is expected Friday (Aug. 9). An operating budget for the newly established is included in the FY 2014 operating budget for Texas Tech University Health Sciences Center.
About the MINI传媒
The MINI传媒 is one of the top public university systems in the
state of Texas, consisting of four component institutions and operating at 12 academic
sites and centers. Headquartered in Lubbock, Texas, the MINI传媒 System has an annual operating
budget of $1.5 billion and approximately 17,000 employees focused on advancing higher
education, health care, research and outreach.
In 2012, total research expenditures approached $200 million and total enrollment exceeded 43,700 students for the first time in the MINI传媒 System鈥檚 history. Whether it鈥檚 contributing billions of dollars annually in economic impact or being the only system in Texas to house an academic institution, law school, and medical school at the same location, the MINI传媒 System continues to prove that anything is possible.