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Chancel l o r U pd a t

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.

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Chancel l o r U pd a t




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Presentation on theme: "Chancel l o r U pd a t"— Presentation transcript:

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

Slide2

E

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

Slide3

A

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

Slide4

A

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

Slide5

P

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

Slide6

O

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

Slide7

CH

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