Budget Update from President McDavis
Following is an excerpt from a memo distributed via e-mail to university faculty and staff on Oct. 26, 2009. Click here to read the full memo.
Dear University Faculty, Staff and Students:
Much discussion is taking place on our campus concerning where the money from our enrollment gains and tuition increase are being designated, potential decisions that may need to be made, and where we currently stand with making those decisions for the next academic year. I want to take a moment to address those questions and concerns.
As it relates to this year, we estimate that we will see a $3.14 million bump in our revenues from the upcoming tuition increase. We expect additional over attainment as a result of our increased enrollment and hope to finalize those figures once data is available concerning our retention from fall to winter quarter.
Looking to next year, because Ohio is on a biennial budget cycle, we already know that Ohio University's SSI will be $10 million less in the 2010-11 academic year than this year's state support. Since we know this ahead of time, our budget process is progressing earlier this year. The University will pursue a strategic budgeting process to effectively address known and potential shortfalls. In the coming weeks, we will determine the range of potential shortfalls for which to plan.
Read the full memo
