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Last Thursday, July 25, I provided President Johnsen with a proposed plan to reach a pro rata unrestricted general fund, or UGF, reduction of $68 million for the Board of Regents meeting tomorrow, July 30. The plan contained various reductions for FY20 that ranged from UGF ($45.1 million), new revenue generation ($12.4 million) and one-time “bridge” funding ($10.5 million). I conveyed this budget to you in my budget column last Thursday evening.
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Per the president’s original instructions, I have since sent in a revised plan removing all one-time “bridge” funding options. Although bridge funding will certainly be used, the directions for the budget exercise were to account for $68 million reduction to base funding. As such, the revised plan looks different from what I sent out last Thursday and will be presented at the BOR meeting tomorrow. The revision can be found on my communications page and in the BOR agenda on slide 16.
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In collaboration with my core leadership team I have also developed draft budget planning guidelines around UAF’s core strengths and areas for cross-university collaboration. These guidelines have been developed to help inform our discussions around the $68 million in reductions to programs and services.
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The BOR meeting will be held tomorrow from 9 a.m. to 1 p.m. You may wish to listen in if time allows. Thank you for your continued efforts and preparation for our fall 2019 semester.
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