Today I presented an overview of UNI's fiscal 2012 budget to the Board of Regents, State of Iowa. I stressed that UNI has a bright future, but we are faced with financial challenges that clearly set us apart from our sister Iowa public universities.
As I reported last month, UNI is facing a $3.6 million deficit. That deficit will be allocated across the three university divisions and the President's Office. Academic Affairs will be reduced $2.26 million (2.3 percent of its base budget), while Administration and Financial Services will be reduced $690,000 (2.9 percent of its base budget), and Student Affairs will be reduced $215,000 (2.8 percent of its base budget). The President's Office (and units reporting to it) will be reduced $145,000 (2.9 percent of its base budget).
As a result, we need to reduce our workforce by eliminating or reducing programs and services that aren't closely aligned with university priorities. We will accomplish the workforce reduction by attrition as much as possible. I have been working closely with the three vice presidents since early in the spring semester to develop plans to reduce expenses and increase revenue. Final decisions should be made by the end of the fall semester.
The Board applauded UNI for our focus on serving Iowa students who in turn serve Iowa. At the same time, they encouraged us to continue to find new ways to increase revenue, such as recruiting more out-of-state and international students. They also encouraged us to focus on our strengths and continue to grow our role as a leader in pre-K through 12 education issues locally, regionally and nationally.
As we move ahead we will maintain affordability and accessibility; ensure program quality and timely graduation; maintain a safe campus; and make strategic changes rather than across-the-board cuts.
More updates about the budget will follow. Today's PowerPoint presentation is available online (PDF download).