July 1, 2004



TO:                Budget Committee Members

                      Montana Board of Regents


FROM:            Rod Sundsted

                      Associate Commissioner for Fiscal Affairs


SUBJECT:      Budget Committee Materials

Enclosed are materials for the Budget Committee meeting that will be held on adjournment of the regular board meeting on July 9, 2004.


c:  Commissioner Stearns

      Presidents and Chancellors

      Fiscal Officers