The Northern Michigan University Board of Trustees approved the budget for the university on Friday morning.
According to NMU, the budget of $110.5 million has been approved for the current fiscal year. The budget increased $2.5 million over last year, with NMU citing contractual obligations and inflationary adjustments.
The board also approved the facility's five-year master plan and the 2014-15 capital outlay project request on Friday, according to NMU officials.
NMU ranked three projects as top priority, including renovation and addition to the Learning Resources Center; academic facilities upgrades involving the Forest Roberts Theatre, the McClintock Building and the Physical Education Instructional Facility; and renovation of Cohodas Hall.
Also discussed at the Board of Trustees meeting was the search for a new president for NMU. The board secured an executive search firm and established a campus advisory committee to initiate the search for a new president. Current NMU president David Haynes' interim appointment is scheduled to end on June 30, 2014.