Budget update: Sept. 9, 2020
September 9, 2020
— by Dan White, chancellor
Last Friday, the Board of Regents held an Audit Committee meeting from 9 a.m. to noon.
During the Audit Committee meeting, the board discussed our internal controls over
assets in a pandemic situation, and heard a financial briefing from Interim President
Pitney about the state’s budget in general, UA’s budget wrap-up from FY20, FY21 activity
to date, and COVID-19 financial impacts and relief. If you cannot listen to the board
meetings, all . Recorded webstreams are also available, usually a week or two after each meeting.
This week the board will meet again on . Thursday's session will hear from interim UA President Pitney, all three MAU chancellors
and governance. Additionally, there will be a financial briefing and discussion around
the university's FY21 and FY22 budgets. Friday's meeting will be a review of reports
from the Academic and Student Affairs, audit, and Facilities and Land Management committees.
A compliance update will also be provided on Title IX and a review of each university’s
Title IX scorecard.
If time allows and you’re able, it's always useful to listen or watch the BOR meetings.
Each meeting provides additional insight into university operations and the board's
strategies as we move forward in FY21 and future years.
For ÐÔÓûÉç, we will continue to focus on the FY22 budget and, in particular, on increasing
revenues through enrollment growth and reducing costs by reducing our footprint. I
have asked that leadership go back to the Planning and Budget Committee and Strategic
Enrollment Planning Committee recommendations to see where we can invest reserves
to generate revenue for FY22 and beyond. While some revenues may come from activities
such as commercialization of ÐÔÓûÉç intellectual property, we will be focusing closely
on revenue opportunities from increased enrollment all across ÐÔÓûÉç, from Dillingham
to the Community and Technical College to the Troth Yeddha’ Campus. The strategic
enrollment planning process that many of you participated in focused on investing
in the areas of greatest return on investment. That is a great place to begin.
As we continue to look at a reduced footprint, I will be asking units to determine
what renovations or improvements can be made to marginally functional and poorly used
space on our campuses so that buildings we don’t need can be sold, leased or demolished.
Increased revenues by increased enrollment and reduced costs through reduction in
footprint will allow us to preserve jobs, programs and educational opportunities at
this world-class university.
Thank you for choosing ÐÔÓûÉç.