Over the course of the last few weeks, the campus community has inquired about the status of our fiscal 2010 budget process. While there is little new information to share, there are several steps taking place that will move the budget process forward.
While we still do not know our fiscal 2010 budget, the adjournment of the Iowa General Assembly session, perhaps this week, will move us one step closer to a final budget, including whether or not federal stimulus monies will be directed to the university.
At the end of the month, the revenue enhancement and cost containment task forces will present draft recommendations to me. These groups have been reviewing more than 400 ideas submitted by our campus community, in addition to vetting ideas formulated within the task forces.
Lastly, during the April 30 Board of Regents meeting at UNI, the leaders of Regent institutions will present budget scenarios. This information is not final. We will not know the final budget numbers until this summer.
At that meeting, however, UNI will propose an early retirement incentive program. Program Details
It is important to note that this is purely a proposal. We will be able to provide additional information, after next week's Board of Regents meeting, if the plan is approved.
There are more than 400 faculty and staff at UNI who could take advantage of an incentive program like the one proposed. The proposed plan aims to provide cost-savings for fiscal 2010 and beyond, while also providing an attractive incentive to the faculty and staff who have provided years of positive contributions to the institution.
The final impact the current economic conditions will have on the university is still unknown. As we learn more, I will get back to you with more information.