College of Business to request more funding

College of Business to request more funding

College of Business to request more funding
October 22
00:22 2015

Linda Kessler | Copy Editor

@LindaKessler

Facing five years of declining or flat budgets, administrators of the College of Business are seeking more money from the university to meet its growing student population and a demand for programming.

College of Business dean Marilyn Wiley said the college increased 4 percent in semester credit hours taken every year for the last three years. This year they are up 5 percent.

In order to accommodate this, the dean seeks to hire more faculty members and increase the school’s number of graduate programs.

“Our budget is around $22 million a year because we are a large college,” Wiley said. “But I would love to see a five to 10 percent increase because it’s been flat for the last five years. I’d love to have another $2 million to work with.”

Wiley expressed the need for faculty if the college is to expand its graduate and logistics program while expanding UNT’s presence throughout the Dallas-Fort Worth area. The university recently acquired a property in Frisco to serve as a satellite campus.

“We have some key faculty positions we would like to fill, and as we grow toward Frisco and some of our other outreach programs, we’re going to need more people to do that,” Wiley said. “There are just things we can’t do because we don’t have enough faculty.”

Wiley said she would also like to add faculty to the College of Business’ Risk Management and Insurance program.

“[That] is an area where we could be a premier program nationally, but we only have two faculty members,” Wiley said. “If we had two more we could just do amazing things. We could have those master’s level programs and have larger groups of students in more specialized classes than we do.”

Wiley said a key focus is increasing faculty diversity.

“Quite honestly we are an aging faculty. We have a lot of senior people who are going to be retiring and you’d like to have some younger people who can start a transition,” Wiley said. “I’d like to have a couple more positions just to increase the age diversity, and diversity in general.”

Wiley said over the past six years, while she’s worked as both senior associate dean and dean, its budget has suffered multiple cuts.

Vice Provost for Academic Resources Allen Clark said there have been budget cuts on a percentage basis for several years university-wide, not just for the business school.

There are two parts of a budget – the budgetary items and fee-related items. The budgetary items relate to the costs associated with the College of Business as a whole, whereas the fee-related items are those involving the cost of individual class expenses, according to Clark.

The decrease in business school funding stems from budgetary items, not fee items. In order for the College of Business to receive more money, it will have to go through the new budget hearing process, Clark said.

“In the budgeting process the focus is ‘How am I going to be able to help the university achieve its goals?’” Clark said.

Clark said from January to March these budget figures will be enumerated and budget hearings will take place. Near the end of March, budgetary decisions will be made for each of the colleges.

“For FY16, the president, provost and chief financial officer went through all items requested by each of the deans and tried to take as much money as possible and meet certain objectives,” Clark said. “With the College of Business, one of the major things was funding for increasing the number of courses for summer school and adding lecturers, part-time instructors or adjuncts where there was growth taking place.”

Clark is optimistic of the college receiving increased funding for FY17 because of a positive legislative session and enrollment growth.

“This year, our budget looks like it has not really increased from last year,” he said. “I’m hopeful that for next year it will be because we have requested three new faculty positions and we’re getting ready to request one more.”

Featured Image: Paulina De Alva | File Photo

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