By: Lanetra Bennett
May 5, 2014
Tallahassee, FL - The FAMU Board of Trustees Budget and Finance Committee held a workshop Monday to discuss the university's budget and budgeting processes.
Administrators say the budget is balanced. They says FAMU's overall operating budget is $171.5 million. They say the university received an additional $35 million from the legislature, plus $1 million to help with online degrees, and $10 million to complete phase two of the Pharmacy building.
Tola Thompson, the FAMU Director of Governmental Relations, says, "The college now currently does about $25 million in federally sponsored research. With additional research space in pharmacy phase two, they will be able to draw down additional federal research dollars which we think will have a huge impact on this community."
The athletics department says it will have a balanced budget this year. Administrators say they're working on a plan to eliminate the department's $1.2 million deficit.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.