Financial Town Hall November 5, 2013
Question and answer session
Please note, the questions listed below may have been shortened or altered slightly for clarity. Full questions and responses are available at the links below.
- The university has reduced its costs by $15M per year. The loss of almost 250 positions resulted in lowering the university's costs by $8.5M per year. Where and how did the university realize the remaining $6.5M per year in expense reduction?
- Please clarify which governing bodies have the authority to make certain decisions. I have heard comments to the effect that administration cannot make decisions on academic programs, yet TransformUS is to make recommendations on academic programs to address budget issues. Can those recommendations be implemented?
- What is PCIP? Why is PCIP so prominent in the development of the plan? What authority does PCIP have?
- What is the relationship between TransformUS and the targeted retirement incentive with faculty? How will this work together and will it work together?
- Is it true that no senior administrator has expressed any remorse regarding all of the position layoffs over the past year?
- In regards to TransformUS, if programs cease to exist there would be an opportunity for students to complete their degrees as long as they were enrolled in a reasonable time. What is the definition of reasonable time?
- Is there going to be a different way units will be handled in TransformUS if there is little or no operating budget involved?
- I’ve heard that the university has invented the $44.5M financial challenge to advance certain goals and that this is not a real projection. Is this true? How does this jive with the financial reports that show the university has a small surplus this past year?
- There is worry faculty and staff will be considering their future with the university over the Christmas holidays. What can you say to reassure them over this important vacation time?
- Can you give any kind of an assurance that there will be no involuntary job loss amongst faculty?
- What are we doing to ensure that we keep our faculty over the next year and in the years beyond?
- Why did we decide to do a program prioritization process as opposed to having senior administrators make decisions that are necessary and thereby avoid this longer protracted process we are now involved in?
- When it comes to compensation and equitable compensation, where do research assistants and teaching assistants stand in this?