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UT System regents approve budget for UT Pan American
Posted: 08/14/1998
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The University of Texas System Board of Regents Aug. 13 approved a $97.2 million budget for fiscal year 1999 for The University of Texas-Pan American.

Included in the budget for the new fiscal year, which begins Sept. 1, 1998, are $48.3 million in appropriated general revenue from the state, an increase of 1.9 percent. Other sources of revenue include $8.6 million in Higher Education Assistance Fund monies, state funds used for capital equipment, facility improvements and library books; $10 million in student-paid tuition; $15.6 million in federal grants and contracts; $578,969 in state and other grants and contracts; $322,219 in gifts from donors for specific purposes; $3.1 million in student service fees paid by students; and $3.2 million in pledged income from the University Bookstore.

The 1999 total is $83,664 less than the 1998 budget, a decrease of slightly less than one-tenth of a percent, primarily from decreases in grants, contracts and gifts.

Also included in the budget are merit-based pay increases for faculty and staff. The average increase for staff will be 3 percent and for faculty, 2.5 percent, with an additional 0.5 percent being used for faculty initiatives that recognize faculty members pursuing research or other projects. The policy has not yet been finalized and is tied to the university's evolution into a comprehensive, doctoral degree-granting institution.

The regents approved budgets for all 15 campuses of The University of Texas System. The total operating budget for fiscal year 1999 for all system components is $4.88 billion.