UA Board of Regents approves FY18 operating budget
June 27, 2017
The University of Alaska Board of Regents unanimously adopted the university’s FY18
operating budget plan Tuesday at an emergency meeting, emphasizing the budget’s $6
million investment in strategic priorities even though the budget was cut by the Legislature.
“Four years in a row of cuts is tough, but we must invest in high priority areas,”
said UA President Jim Johnsen. “These investments underscore our commitment to the
high-quality academic work that happens in every classroom and laboratory across every
UA campus.”
The $6 million for strategic investment areas includes student success and enrollment,
research, workforce and online program development, and process automation and improvement.
The strategic investment areas incorporate a variety of specific initiatives, including
an aggressive enrollment marketing, recruitment and retention program; growing research
capacity; expanding online course availability, especially in high-demand fields like
nursing; and improving efficiency of back-office systems in departments like student
services, human resources, and finance. Strategic investments will be funded with
reallocations or allotments from each university.
Last week, the Legislature passed a state operating budget, funding the university
at $317 million unrestricted general funds. This is a $8 million cut from the FY17
state appropriation and results in a $11 million budget gap after factoring in fixed-cost
increases. At this funding level, a mid-year tuition increase will not be necessary.
The emergency meeting was necessary for the board to accept the FY18 appropriation
and provide approval for the university to expend funds, per board policy.
All UA Board of Regents meeting agendas are available at www.alaska.edu/bor/agendas/.
For more information, contact Roberta Graham, associate vice president of public affairs,
at 907-360-2416 (cell).