President makes 2011 budget recommendations
Board of trustees will discuss budget at April meeting
Mar 29, 2010
From staff reports
Ohio University President Roderick J. McDavis today announced fiscal-year 2011 (FY2011) budget reallocation recommendations that will be presented to the board of trustees in April in an all-campus e-mail.
Between April and June, the university's Budget Planning and Analysis office will continue to update projections for revenues and expenditures, and will present the final 2011 budget to the board for approval in June.
After many months of open forums and feedback from the university community, government leaders, donors and alumni, the president will recommend:
"The university is facing unprecedented cuts in state and federal funding, as well as other unique challenges as a result of a weak economy," said McDavis. "We had to make some tough decisions, and I deeply regret that job losses are a consequence of some of them. This is a dramatic time of change for all colleges and universities, but we must transform in response to a changing global society so that we can emerge as a leading institution that not only survives, but thrives."
- A 1 percent across-the-board raise pool for all faculty and staff, with an additional $750,000 merit pool for faculty, contingent on the Athens campus exceeding its enrollment goals for fall 2010.
- An additional $1 million investment in Vision OHIO strategic priorities.
- A reduction of general fund support for Intercollegiate Athletics (ICA) and closure of the budget gap for that unit.
- Implementation of various savings initiatives presented by planning units.
To read the president's message to the campus, click here.
Published: Mar 29, 2010 5:23 PM