Question #6: When does our fiscal year begin and end?

Office of Institutional and Budget Planning

The fiscal year, corresponding closely to the academic year, runs from July 1 through June 30. For example, FY 2006 starts on July 1, 2005 and ends on June 30, 2006.

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Introduction

Question #1: Will the overall base budget increase next year? If so, how do we plan to spend the increased revenue?

Question #2: What are the biggest pieces of next year's budget?

Question #3: Why does our comprehensive fee go up so fast? Has it been going up faster, more slowly, or the same as other schools?

Question #4: I have heard that there are some big changes in financial aid next year. Can you explain what is happening?

Question #5: Can you explain again what the tuition discount rate is? I can never keep straight whether improving this number means making it higher or lower....

Question #7: Does next year's budget assume any change in the size of the student body?

Question #8: How have allocations to the functional areas of the College changed over time?

Question #9: Will all these new facilities that we are building leave us with less money in the base budget?

Question #10: Who is on the Budget Steering Committee and why?

Appendix (FY 2006 Budget as we present it)

Grinnell, IA 50112-1690

641-269-4000