The University of Findlay expects to balance its budget for the fiscal year ending June 30, 2006. The University also plans to expand academic programs and increase construction of academic facilities during the next fiscal year, which begins July 1, 2006.

About $7.2 million of construction is planned. Projects include expanding the Mazza Museum in the Gardner Fine Arts Pavilion for $2.2 million; renovation of the recently acquired former Owens property for $3 million; and building another arena at the western equestrian farm for $500,000. Maintenance and improvement projects throughout the campus are expected to cost about $1.5 million.

The University also is re-equipping basic science and other laboratories at a cost of about $1 million.

The budget for next year is projected to be balanced. It reflects plans to further strengthen academic and student programs, and to begin instruction in pharmacy. Twelve new faculty and two new deans are expected to be appointed.

The University Board of Trustees reviewed the above information at its meeting on May 4-5. Thirty-three regular trustees and three special trustees attended the two-day meeting.

“We had a good meeting,” C. Richard Beckett, board chair, said. “Trustees are pleased with the progress and direction of the University. We are expanding academic facilities and instruction substantially, systematically strengthening programs of the University and improving finances.”