NIU board OKs internal revenue budget for fiscal 2013
DeKALB – A Northern Illinois University Board of Trustees committee approved a nearly $454 million internal revenue budget for fiscal 2013 Thursday during the first meeting since the spring.
The internal revenue budget approved by the Finance, Facilities and Operations Committee, one of three NIU Board of Trustees committees, reflected about $17.6 million more in revenue than the internal budget approved for 2012.
Although NIU expects a 6 percent decrease in state funding, increased revenues are expected in nonappropriated revenues, including about $10 million more in the university income fund, and about $12.7 million more in revenues from gifts, grants and contracts.
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