WFU Board of Trustees approves 2005-2006 budget

The Wake Forest University Board of Trustees on April 1 approved a total budget of $1.011 billion for the 2005-2006 fiscal year, beginning July 1.

The new budget includes $742.7 million for Wake Forest University Health Sciences and $269 million for the university’s Reynolda Campus.

Wake Forest is the parent organization of Wake Forest University Health Sciences, which conducts activities at the university’s Bowman Gray Campus, Piedmont Triad Research Park and various other locations. It operates the Wake Forest School of Medicine, principally on the Bowman Gray Campus.

The Reynolda Campus is the home of the College (undergraduate school of arts and sciences), the Calloway School of Business and Accountancy, the Graduate School of Arts and Sciences, the School of Law, the Babcock Graduate School of Management, and the Divinity School.

The budget for the Reynolda Campus includes a faculty and staff salary increase of 3.5 percent and an operating expense increase of 1 percent.

The most significant increase in the Reynolda Campus budget is for salary and fringe benefit increases, up $7.8 million from the current fiscal year.