From: News Alert E-Memo (memofrom@Colorado.EDU)
Date: Mon May 18 2009 - 19:15:30 MDT
Date: Mon, 18 May 2009 19:15:30 -0600 (MDT) From: News Alert E-Memo <memofrom@Colorado.EDU> Subject: A budget update from CU-Boulder Chancellor Phil DiStefano
TO: Boulder Campus Teaching & Research Faculty, Staff,
Deans, Directors, Dept Chairs, System Administration
FROM: Office of the Chancellor
SENDER: Bronson Hilliard
DATE: May 18, 2009
SUBJECT: A budget update from CU-Boulder Chancellor Phil DiStefano
Chancellor's Budget communique for 5-18-09
Dear CU-Boulder faculty and staff member:
I want to take this opportunity to update you on information on our budget
cuts and tuition modeling that we presented today to the Board of Regents at
the board's meeting at the University of Colorado Denver.
As you all know by now, CU-Boulder is implementing a $12.9 million budget
cut effective July 1, 2009 for the 2009-10 fiscal year. We undertook this
cut with the guiding philosophy that we would preserve what is most crucial
to our success, and what would directly support our role and mission.
Approximately half of the reduction was identified at the central campus
level ($6.1 million) and the balance ($6.8 million) was identified at the
unit level. I have had an opportunity to review the proposed reductions and
I want to share with you the dimensions and impacts of these decisions:
- We will eliminate 33 faculty full-time equivalent positions and 42 staff
full-time equivalent positions, for a total expense reduction of just over
$6.5 million. You will recall that back in October 2008 I asked that the
deans and unit directors slow the hiring process and leave positions vacant
wherever possible which resulted in our ability to make these reductions
with a minimal number of layoffs.
- We made cuts in information technology, for a savings of $698,561.
- We reduced our planned investments in the Flagship 2030 strategic plan
initiatives, for a savings of $330,000.
- Unit operating support reductions and vacancy savings increases netted
additional savings of about $1.89 million.
- Our contribution to the CU system was reduced by $2.8 million - made
possible by the cuts taken by the President in System administration costs.
All told, these cuts total just over $12.9 million - an amount that cannot
begin to calculate the lost opportunities represented by unfilled faculty
and staff budget lines, or the compound effects of the loss of personnel due
to layoffs. This has been a difficult process for our campus community, and
we acknowledge that these cuts will further result in rollbacks of services,
and short- and long-term sacrifices within our community.
In addition to budget cuts, we are constantly revising our operations and
services to be as effective and cost efficient as possible within the
resources available. We will continue to encourage further reviews in this
area and report on progress throughout the year.
I want to thank our deans and department chairs for their steady engagement
with me and the vice chancellors. These are tough choices we are making, and
the strong leadership I have witnessed from the department level to the
highest ranks of our campus and system administration has been truly
exemplary and inspiring.
Today, we outlined further budget and expenditure options for the Board of
Regents. We are projecting a freshman class next year of around 5,500 based
upon the number of committed 2009-10 resident and non-resident freshmen as
of May 1. Within that group, we can expect a high number of resident
commitments, but a smaller number of non-residents than in last year's
record class, though still within historic ranges. In addition, we are
working closely with the board on possible tuition increases.
I believe we are weathering these tough times, at least this year and next
year, without long-term adverse effects upon our core mission. We have
received strong support from the governor and from President Benson, and
many economic indicators are beginning to improve. Now is the time for us to
exercise the maximum creativity and ingenuity in combining resources,
finding cost savings in all our core operations, and stretching our academic
resources as far as we can while still maintaining quality.
It takes a special community to do this -- and the CU-Boulder community is
precisely such a community. Thank you for your continued interest and
support. Please look for more budget communiques from me in the near future.
Phil DiStefano, Chancellor
University of Colorado at Boulder
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