President, Provost and Dean’s meeting
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President, Provost and Dean’s meeting May 27, 2009
description
President, Provost and Dean’s meeting. May 27, 2009. A Challenging Year. “It was the best of times, it was the worst of times. “ - Charles Dickens CEHD Neurosurgery Economy/Budget. We know that nationally times have been unprecedented. US Monthly Job Loss. - PowerPoint PPT Presentation
Transcript of President, Provost and Dean’s meeting
President, Provost and Dean’s meeting
May 27, 2009
“It was the best of times, it was the worst of times. “ - Charles Dickens
• CEHD• Neurosurgery
• Economy/Budget
A Challenging Year
3
We know that nationally times have been unprecedented
48 53 57 60 70 73 80 81 90 01 08-5
-4
-3
-2
-1
0
GDP Declines During Postwar Recessions(peak-to-trough percent change; date is year of peak
quarter)
Jan. 2
008
Feb. 2
008
Mar. 2008
Apr. 2008
May. 2
008
Jun. 2008
Jul. 2008
Aug. 2008
Sept. 2
008
Oct. 2008
Nov. 2008
Dec. 2008
Jan. 2
009
Feb. 2
009
Mar. 2009
Apr. 2009
-800
-700
-600
-500
-400
-300
-200
-100
0
US Monthly Job Loss
5
And Kentucky has not been immune to those impacts
(Nonfarm employment in thousands)
Oct. 2000 1,833.6
Apr 2009 1,788.4 (p.)
Jun. 20071,870.8
p: preliminaryUpdate as of Friday 5/22/09
Jun. 2003 1,777.6
Note: Kentucky employment today is the same as a decade ago
6
Loss of Manufacturing Jobsin KY Continues to be a Major Concern
p: preliminary
212.7 (p)Apr. 2009
308.3Jan. 1999
Of course…
Employment Losses
Cuts/Cuts/Cuts
9 for 9
State Individual Income Tax/Sales Tax
Options
• Throw in the towel – give up on mandates
• Limp Along
• Remain focused/committed and passionately committed to our task
1. Reengineer2. Underperforming strategies3. Fundraising4. Clinical Income
• PPP• University of Louisville Hospital
5. Partnerships6. Contract research/commercializing7. Being creative (e.g. TIF)
Our 7 Strategies to Achieve Mandates Given Fiscal Environment
Examples
• $100 million in cuts, savings & efforts to find money to move forward
• Refinanced debt
• Self-funded health insurance
• Power-down vending machines
To offset cuts…
• Leased internet space
• Dataseam
Dataseam - to offset cuts
Investing in quality at U of L
Alumni giving fiscal year goal increase 17%
$93,00
0,00
0
Enhanced food service
Partnership
Student Housing – The Province Siemens Energy Audit
Building Clinical Income
Outpatient Center
Challenges Remain, But we’ve made progress…
• Freshman class average ACT – 24.4• State avg. – 20.8• National avg. – 21.2
Our Students
U of L Graduates
• 2,396 degrees awarded on May 9th – Up 38% (662 students) since beginning of
reform
• Graduation rates are up to 45.7%
• 7 Fulbright Scholars in 2009
• First time more students from outside Jefferson County than inside
Making Kentucky a better place
Research Funding and NIH Funding
Total grants for 2009 - $102 M
Investing in quality at U of L
The Conn Center for Renewable Energy Research and Environmental Stewardship
Economic Development for the Community
New arena and other construction projects
ShelbyHurst
Louisville Arena
Haymarket
• Frankfort– Budget FY10 - ???
• CFG this week• Stimulus FY10/FY11
Since we last met
Since we last metStimulus FY10/FY11
Competitively Determined
NIH DOE NSF Other
State 3b
1bMedicaid
1b Education
Designated $350 mm
K-12 Higher Ed
$550 mm
1b Other
Thank you for your leadership!
