June 27, 2019 / Vincennes University adopts budget for next two years
VINCENNES, Ind. – The Vincennes University Board of Trustees approved
a $361.1 million biennial budget at its meeting June 26 at the Indiana
Center for Applied Technology.
VU’s budget includes a continued investment in the future of its
students, facilities, faculty, and staff.
The budget assumes a state operating appropriation of $42.9 million
for 2019-20 and $43.6 million for 2020-21.
Board Chair John Stachura and Finance/Revenue Committee Chair and
First Vice Chair Mike Sievers commended Vice President for Financial
Services and Government Relations Phil Rath and his teams for their
great efforts in managing and obtaining the resources to support the
“We’ve got the money to stay busy and good plans to do so,” Stachura said.
“The increased appropriation and new capital monies received from the
state are a recognition of support of the mission of Vincennes
University and is a sign of faith in VU’s management of its
resources,” said VU President Chuck Johnson.
Sievers also praised Rath and Financial Services for achieving a
prime, high quality bond credit rating of Aa3 from Moody’s.
The budget includes tuition increases for the 2019-20 and 2020-21
Tuition for a full-time Indiana resident will increase $172 in
2019-20, bringing the total to $6,074. The cost in 2020-21 will be
$6,250 per year, which is $176 more than the previous year.
VU continues to offer the lowest total cost among residential
colleges in Indiana, saving Hoosiers thousands of dollars. It has the
state’s second-lowest tuition rates.
Johnson added, “VU is dedicated to being Indiana’s best education
value due to the great return on investment that we offer. VU remains
the leading provider of career and technical education, resulting in
highly-skilled graduates who earn high wages. At the same time, VU
maintains its status as the state’s premier transfer institution.”
Rath told the Board that the additional tuition and fees will cover
increasing operational costs including instructional and support
services, repair and rehabilitation, maintenance, utilities, and the
instructional technology and equipment needed to deliver a world-class education.
The budget includes $45.3 million in capital projects that will be
used to enhance VU’s instructional facilities.
During the meeting, VU also reaffirmed its commitment to the city of Vincennes.
The Board approved the Finance/Revenue Committee’s recommendation to
make a lead contribution of $2 million to the city’s levee seepage
The $2 million support will be used to supplant aged wells along the
levee segment that runs from Green Activities Center north to Kimmell
Park. The estimated cost of the project is $5 million.
“VU is fully committed to efforts that support the community and the
people in it,” Rath said. “With this funding and the others who are
contributing from around the community, the levee project will be
fully supported and we can expect to have certification of the levee
completed this year.”
Updates were presented by Heidi Whitehead, director of Admissions,
and Rick Kribs, assistant provost of Curriculum and Instruction and
chair of VU’s Retention Committee.
Whitehead reported enrollment for incoming students at VU is expected
to be higher at most locations, including the VU campus. She provided
especially promising data for students from Illinois with applications
and enrollment both up.
Kribs shared the many different programs and initiatives VU currently
has in place to support student retention and success for all
different types of students. The committee is focusing on evaluating
and introducing programs to help achieve strategic retention and
student success goals set by the University.
Those goals align with the state’s performance funding metrics for
persistence and completion under which VU has done well in recent years.
VINCENNES UNIVERSITY - Indiana’s First College
VU is state-supported with campuses in Vincennes and Jasper, the
Aviation Technology Center and American Sign Language program in
Indianapolis, Early College Career and Technical Education Centers,
and additional sites such as the Gene Haas Training and Education
Center in Lebanon, the Logistics Training and Education Center in
Plainfield, and the Gibson County Center for Advanced Manufacturing
and Logistics in Fort Branch. A leader in developing Early Colleges
statewide, VU also offers instruction at military sites throughout the nation.
In addition to offering a wide range of associate degree and
certificate programs, VU also offers bachelor’s degree programs in
technology, homeland security, nursing, secondary education programs
in mathematics and science, and special education/elementary education.
VU enrolls students from throughout Indiana, 35 other states, and 17
countries. Tuition and fees are the lowest among Indiana campuses with
residence halls. VU is accredited by the Higher Learning Commission.
Founded in 1801, VU is Indiana’s first college and is the only
college in the nation founded by an individual who would later become
President of the United States. William Henry Harrison, the ninth U.S.
President, founded VU while serving as governor of the Indiana
Territory. More information is available at www.vinu.edu.
Vincennes University Newsroom
MARCIA MARTINEZ, University Life Reporter & Sports
812-888-4164 office, 314-599-1519 cell,
Department of University Relations, www.vinu.edu/newsroom