LU curators OK $41 million budget, cut jobs

Lincoln University curators approved the school’s nearly $41.3 million, 2011-12 budget plan Thursday.

The budget for the business year that begins July 1 includes almost $35.66 million for the general fund and $5.68 million for the auxiliary budget.

The approved plan is $164,128 smaller than the 2010-11 budget adopted a year ago for the business year that ends June 30.

The new budget includes $16,915,512 in state funds — down $1.27 million from a year ago — and $17.804 million in tuition and fees income, which is almost $1.3 million more than last year.

The smaller budget means LU had to cut some positions, President Carolyn Mahoney told the curators at a meeting in Jefferson City.

Mahoney said 5.5 positions were eliminated.

Read additional details in our newspaper or e-Edition. Newspaper subscribers: Click on an e-Edition article and log in using your current account information at no extra charge. For e-edition help, e-mail Click here to purchase the full version of archived articles.


Use the comment form below to begin a discussion about this content.

Please review our Policies and Procedures before registering or commenting

News Tribune - comments