UNMC’s total operating budget for 2004-05 is $382 million, up 6 percent from the prior year. This budget funds instruction, research, public service, and support services, including facilities, information technology, and administration. The revenue side of the budget includes state appropriations, tuition, patient revenue, grants and contracts.
“Completing the budget is an important yearly milestone that requires the cooperation of numerous individuals across UNMC,” said John Adams, Ph.D., assistant vice chancellor for UNMC Budget and Strategic Planning. “Congratulations to everyone who helped make the process flow smoothly this year.”
Despite early talk of major reductions, UNMC sustained only a small reduction in its base state general fund appropriation, and total general fund support increased by 3 percent. Other major areas of revenue growth included tuition, up 12 percent, and federal research funding, up 20 percent.
When asked about the outlook for the next fiscal year, Dr. Adams was cautiously optimistic. “State revenues ended the year $109 million above the forecast amounts, but funding for the low level radioactive waste settlement ($154 million over four years) must be determined, and other issues such as Medicaid and corrections need to be addressed,” he said. “The university will submit its budget request in September, and we’re looking forward to the Governor’s January budget proposals.”