e E C U F A C U L T Y S E N A T E D a n G e r l a ch S e p t e m b e r 10 201 9 E C U H A S T H ID: 803829
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Slide1
Chancel
l
o
r
U
pdate
E C U F A C U LT Y
S E N AT E
D
a
n
G
e
r
l
a
ch
|
S
e
p
t
e
m
b
e
r
10
,
201
9
Slide2E
C
U
H
AS T
HREE MAJOR POT
S OF FUNDS THAT ARE BUDG
ETED:ACADEMIC
EN
T
ER
PRISEFunded largely through tuition, fees and state supportAUXILIARY SERVICESFunded through state feesOTHER AUXILIARY SERVICESFunded through outside revenue (ECU Physicians, Research, Athletics)
BUDGET UPDATE
Slide3A
C
A
DEMIC ENTER
PRISE
Goa
l set over the
summer was a reduction o
f$16 million in sp
e
nd
i
ng from tuition, related fees, and state appropriationsTargets were assigned to each Division based on percentage of total tuition, related fees, and state appropriations.Expected loss of $16 million by 2020-
21
Slide4A
C
A
DEMIC ENTER
PRISE
Whil
e headcount is do
wn modestly in both 2018
and 2019, the decline
has
b
een more substantial in student credit hours. Student credit hours were down 3 percent last academic year and are down again in Fall 2019.Tuition and related fees are reduced in the same ac
ademic y
ea
r,
w
h
il
e
app
r
op
r
i
a
t
ions will be reduced the following academic year
Slide5P
R
OCESS
V
ice
Cha
ncellors have been
working on ways to reach th
eir target by 202
0-
21.
C
oordination with Deans and other VC direct reports has been ongoing.Faculty may be consulted at the Department level
Slide6O
T
H
ER BUDGETS
E
ffor
ts underway to reduce budgets in studentfee-based enter
prises to avoid draining reserves quicklyChancellor approval required o
f all major budgets, including the auxiliariesO
n
g
o
ing efforts to raise external revenue
Slide7CH
A
NCELLOR
AGENDA ITEMS
E
n
rollment
EffortsFaculty Involv
ement CrucialEn
r
oll
m
ent Management Task ForceAdvocacyFrame consistency in messageNeed faculty support on salary parityBudget Strategy