January 17-18, 2002


ITEM 114-116-R0102����������������� FY02 Budget Modifications � Estimated Tuition Revenue


THAT:��������������������������������������The Board of Regents authorizes the following increases in the CHE Current Unrestricted Budgets to reflect estimated tuition revenues that exceed the level initially authorized:





$�� 482,660

COT-Great Falls

$�� 418,274


$�� 138,192


$�� 398,720


EXPLANATION:����������������������� The original CHE Current Unrestricted Operating Budgets were based upon conservative enrollment and revenue projections.� While these estimates provided sufficient authority on three campuses, it appears that five campuses will not have sufficient authority based upon updated enrollment and revenue projections.� These updated projections are based upon actual summer and fall semester enrollments and revenues and projected enrollment and revenue for spring semester.� Attached is information that details the original and updated enrollment and revenue information and also details the proposed uses of the tuition revenue.