April 14, 2014 | Vol. 20 No. 31

 

 

Board of Trustees approves budget for 2014-2015 academic year
Published: 4/14/2014

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TCU’s Board of Trustees approved a $547 million budget at their spring meeting Friday, which will further support institutional goals and continue providing students an excellent educational experience. The budget continues to support the overall university experience with the next phase of the University’s Vision in Action, Academy of Tomorrow. This phase focuses on three key strategic areas: academic profile and reputation; size and balance; and campus environment.

This budget allows the University to focus on its priorities of maintaining TCU’s competitive advantage, intensifying the University’s momentum, and strengthening the student experience. The University will continue to move forward in a manner that maintains the quality of a world-class, values-centered university experience.

The budget will also provide a salary merit pool of 3 percent for faculty and staff, new faculty and staff positions, $1 million of funding for faculty retention and creation of critical new faculty positions, $500,000 for implementation of crucial academic initiatives including Great Themes and the expanded use of student ePortfolios, and an increase in institutional financial aid, which includes a variety of scholarships.

Trustees were informed that TCU successfully completed the requirements set forth by the Southern Association of Colleges and Schools (SACS) in the reaccreditation process. SACS reaffirmed TCU’s accreditation for 10 years with no monitoring required.

The Board of Trustees approved an exterior renovation of Mary D. and F. Howard Walsh Center for Performing Arts. As part of the Academy of Tomorrow, the proposed modifications will change the façade