CMU uses $6.1 million in reserves to fund $442 million budget

To fund this year’s $442 million budget, Central Michigan University administrators dug in to the school’s reserve accounts. CMU leaders at Thursday''s Board of Trustees meeting budgeted $6.1 million from the contingency fund to make up for a decrease in enrollment and a $1 million shortfall. President George Ross described it as one-time use, Central Michigan Life reported. In April, CMU raised tuition by1.96 percent and earned $69.5 million from the state, a 2.2 percent increase from last year. CMU should receive $205.6 million from tuition and fees.


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