Daily News

Board approves 2000-01 reallocation fund allocations

The Board of Governors has approved the distribution of $5.8 million in reallocation funding for the fiscal year 2000-01. The Board approved the recommendations, made by the Budget Committee, at its meeting on Thursday, June 15. Of this total, 47 per cent will be distributed to instruction and academic activities, 35 per cent to student services, libraries and scholarships, and 18 per cent to administrative functions. Reallocation funds are used to support projects of high priority and those that exemplify the objectives of the University. The Board approved a Budget Committee recommendation that a one per cent across-the-board increase be applied to each of the budgets submitted by University departments. The remainder will be allocated to 56 one-time and continuing reallocation requests selected by the Budget Committee.