university of louisville
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University of Louisville
Presentation to Jefferson County
Delegation
UofL: It’s Happening Here!
1/13/09
2
Thank You for Joining Us 2008
The Good (the Great)
The Bad
The Ugly
3
Boyle Report – 1996
Community Agenda to Build
Economy
House Bill 1 - 1997
A Public Agenda for Higher
Education to Build Economy
Challenge for Excellence
UofL 10 Year Plan
1998 - 2008
Good (Great)Things Happen
for a Reason
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The Good (Great)
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The Good (Great) 2008
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The Good (Great) 2008
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The Good (Great) 2008
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2008
We did what we saidwe would do – but it is
“Time to Finish the Job”
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“The 2020 Plan”
Educational Excellence Achieve “Double the Numbers” goals
(CPE)Award 350 doctoral degrees, up from
151Achieve Phi Beta Kappa ChapterTransform campus life and housing so
that 32% of our students live on campusDouble the number of nationally
recognized programs – 30 to 60
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“The 2020 Plan”
Research, Scholarship and Creative Activity
Recruit 180 nationally recognized researcher/scholars and increase total grant and research to $400M, including $193.5M in federal funding
Achieve NCI Cancer Center designation
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“The 2020 Plan”
Community Engagement Expand our commitment to downtown
Louisville and support all Kentucky cities through the City Solutions Center
Achieve the 13 goals of the West Louisville Signature Partnership to reduce disparities in education, health, economic and social conditions; Carnegie designation recognition
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“The 2020 plan”
Diversity, Opportunity and Social Justice
Be the leader nationally in preparing students to live and work in a global society, with particular emphasis on cultural diversity, international studies, and social justice
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“The 2020 Plan”
Creative and Responsible Stewardship
Increase our endowment from $796.8M to $1.5B in 2014 and to $3B in 2020
Spur economic development in Louisville and Kentucky through the commercialization of research at our business development and commercialization enterprises (Nucleus, Metacyte, Haymarket, Shelby Campus energy center)
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The 2020 Plan Allows Us to
Keep momentum Keep moving forward
While dealing with Bad and Ugly!
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The Bad
SOURCE: Center on Budget and Policy Priorities 12/23/08
44 States Face Budget Shortfalls
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The BadEmployment in Kentucky Has Dropped Since
September 2008(Nonfarm employment in thousands)
Jan. 20001,814.8
Jan. 20061,839.8
Nov. 2008
1,857.4
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The Bad
Manufacturing Employment in Kentucky Has Dropped Since 2000
(Manufacturing employment in thousands)
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The BadEducation and Health Services Employment
Has Grown Equaling Manufacturing
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And Now the Ugly (Real Ugly!)
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Governor’s Midyear Budget Proposal
Revenue shortfall -- $456M this year! State units ↓ 4% Universities 2% if .
. . Cigarette tax increase 70¢ to $1 per
pack Will cuts be recurring?The forecast for next year is
problematic
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Impact of Budget Cutsand Threats They Create
Will reduce graduation and retention rates
Admission Office – threatens attraction of quality new and transfer students
Slows recruiting in state, especially among neediest
Limited or reduced need and merit based aid
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Impact of Budget Cutsand Threats They Create
Increased tuition and other student fees
Reduced overall student servicesReduced funding support to recognized
student organizationsDelayed renovation and/or construction
of student housing
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Impact of Budget Cutsand Threats They Create
Reserves are dangerously low Increasingly dependent on sources of
one-time money for long-term needsOperating expenses based on increased
tuition and deferred maintenanceFaculty/teacher ratios continue to rise,
threatening future quality of programsLosing ability to attract and retain
talented faculty
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Impact of Budget Cutsand Threats They Create
Postponed hiring research faculty positions
Implemented research faculty hiring freeze
Reduced research budgetsSeverely impacts the growth of the
research mission
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Impact of Budget Cutsand Threats They Create
Less economic developmentFewer business start-ups Inhibits reaching 2020 goals of $400
million in sponsored research activitySlows progress towards key
achievements such as National Cancer Institute (NCI) designation
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Real Impact of Revenue Shortfall
09-10 and Beyond
Strategies – What we have been doing/will continue to do Efficiencies/re-engineering (over $55M savings/more to
come) Under /nonperforming assets Clinical income Partnerships (Dataseam) Fundraising Contract income Innovation (TIF)
We have created a special campus committee to further look at programs
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The 2009 Session
Coal Severance in Jefferson County
DataseamA winning proposition for the entire state
Trover Clinic in MadisonvilleTraining rural doctors
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Kentucky Dataseam Initiative
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Dataseam: UofL Connects the Dots for Kentucky
DR. JOHN TRENT HARNESSES SCHOOL
COMPUTERSDATASEAM
UofL
FINDING ANSWERS 300 TIMES FASTER
TWO DRUGS MOVING INTO
CLINCIAL TRIAL
SAVINGS TO SCHOOL
DISTRICTS
$8 MILLION IN SAVINGS TO
UofLSCHOLARSHIPS FOR ENTERING
UofL
STEMEDUCATION
4-IPP3PO
Advanced Cancer
Therapeutics
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The 2009 Session
New Revenue Retain Bucks for Brains Translational research fundsApprove construction of classroom
buildingsStudent recruitmentRevenue generationConstruction jobs
Provide maintenance and operation fundsDon’t tie hands on tuition
UofL Priorities
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Making the Case for New Revenue
Will support whatever revenue plan you propose
Will help make caseHealth related case regarding higher
cigarette tax Engage students, alumni, faculty, your
fellow legislators
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The 2009 Session
Thank you for your support.
We look forward to working with you this year!
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