Budget and Finance

This adjusts the distribution of indirect costs across the campus from historical amounts

to a more transparent and straight forward distribution.

Endowment income continues to rise, with anticipated continued growth in this category

for FY 2009 based on a 3-year change in the endowment spending policy which

increased from 5% to 6% and the anticipated kick-off in October of the University

Campaign with an $800M fundraising goal over several years.