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The University of Montana's Oval.

BILLINGS – The Montana University System Board of Regents approved Thursday the $1.4 billion budget for the entire system, a number that includes budgets for the 16 universities, colleges and other institutions within the system.

While not discussed at length during the two-day meeting, documents provided early enrollment numbers across the university system for the 2014-2015 school year, which indicate a 0.8 percent drop in full-time enrollment systemwide.

The University of Montana saw a full-time student enrollment drop of 3.9 percent, or more than 470 students, from 12,211 last year to 11,738 this year, according to the board documents.

Enrollment at Montana State University is up 226 students, to 13,599, while Montana State University Billings reported no change in numbers at 4,153 students.

The 2015 fiscal year is budgeted for 39,152 full-time students across the entire system, compared to 39,484 the previous year, a drop of 332 students.

Nearly 2,300 of those students attend Dawson, Flathead Valley and Miles community colleges.

The $1.4 billion budget represents an increase of about $100 million, or 7 percent, in the systemwide budget over the 2014 fiscal year.

Included in the budget is funding for the 16 universities and colleges within the MUS. Montana State University has the largest budget at $536.9 million for the 2015 fiscal year, a 10 percent increase over 2014.

The University of Montana represents the second-largest budget at $386.5 million for the year, a bump of 4 percent from prior year.

MSUB’s budget comes in at $85.4 million, just a 0.1 percent bump from last year. At Montana State University Northern, the budget grew 7 percent, to $30.1 million this year.

Great Falls College saw its budget jump up by 27 percent, from $21.9 million to $27.9 million.

Also on Thursday, the regents approved the title of Chancellor Emeritus for Rolf Groseth, the former MSUB chancellor who retired this spring after nearly 40 years working within the Montana University System.

The regents also granted MSUB approval to replace the roof of its Student Union Building, at an estimated cost of $850,000, and to nominate McMullen Hall, built in 1935, as a heritage property.

The meeting was held at City College at MSUB.

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