Shari Shuman attended the meeting to provide the committee with an update of the entire university budget.
Ms. Shuman provided the committee with a copy of PowerPoint slides from the Board of Trustees Budget Workshop on May 3, 2016. As part of this presentation, Ms. Shuman discussed recurring and nonrecurring revenues with the committee. The budget includes $8.5 million (5.4%) in reserves where the law mandates a 5% reserve. During FY 15/16, three positions were returned to central funds in the budged (Special Advisor to the President, Associate General Counsel and Coordinator of Community Based Learning). The coordinator position has since been returned.
For the 2016-2017 Budget, E&G Allocations by division were as follows:
President’s Unit – 4.6%
Administration and Finance – 20.8%
Development and Alumni Engagement – 1.7%
Student Affairs – 4.4%
Academic Affairs – 68.5%
These numbers were consistent with the 2015-2016 budget.
The committee discussed how best to provide faculty feedback to Ms. Shuman. She informed the committee that faculty input is always welcomed and faculty can email her directly.
The committee will not meet in December. The committee will meet on January 18th, 2017 at 9:00am in 50/3300. The committee has asked the current as past two Faculty Association Presidents to attend the January meeting to discuss the role of the committee moving forward.