Jun 21, 2021BoardMeeting
BoardOakland University Board of Trustees Formal Session
The Board discussed and approved the General Fund Budget and Tuition Rates for the 2022 fiscal year. Key discussion points included the financial impact of the COVID-19 pandemic on enrollment and revenues, the university's strategy for balancing the budget through cost containment initiatives, and the necessity of tuition increases to support strategic goals such as student success, research, and community engagement. The board also reviewed comparisons of state funding and expenditures against other public universities in Michigan, approved the schedule of tuition rates effective for the Fall 2021 semester, and authorized the expenditure levels for the FY2022 budget.