Minutes from January 25, 2023

1. Welcome and announcements – Members introduced themselves.
   1. CBO Lasso reminded the Council that the Strategic Investment Process is ongoing and members should submit proposals
   2. CBO Lasso also noted that Montana’s State Legislature is meeting and discussed some relevant bills and the Governor’s Budget.
   3. Grant Peterson added that the Long-Range Building Plan is also being reviewed and voted on by the Legislature.
2. Approval of minutes from November 16, 2022 - approved
3. Discussion
   1. MSU Budget Process and Outcomes – CBO Megan Lasso
      1. CBO Lasso shared a PowerPoint presentation that overviews MSU’s budget.  Discussion covered different university Fund Types, major budgeting units (MSU, agencies), overall revenue and expenditure numbers and high level categories, the state, MSU, and MSU budget processes.  Lasso described how prior Strategic Investment Proposal cycles have resulted in allocations tied to the Strategic Plan. Lasso also described how tuition, waivers and discounts, state need-based aid, and institutional scholarships impact revenue.
      2. Questions arose about how some funds might move between fund types, where some cost centers are booked, projecting enrollment and related tuition revenues.
   2. Goal 2.4 – Chris Fastnow
      1. Due to time constraints, this item is to be moved to next meeting’s agenda along with updates on 3.3.
4. Other business - none
5. Public comment - none

Next meeting:  February 22, 2023 10:30 am -12 noon, MT Room

Download a PDF copy of these minutes.