president’s update – board of trustees january 14, 2009
TRANSCRIPT
President’s Update – Board of Trustees
January 14, 2009
2008
The Good (the Great)
The Bad
The Ugly
January 14, 2009
Good (Great) Things Happen for a Reason
January 14, 2009
Boyle Report - 1996Community Agendato Build Economy
House Bill 1 – 1997A Public Agenda forHigher Education to
Build Economy
Challenge for ExcellenceUofL 10 Year Plan
1998 - 2008
January 14, 2009
We Met the Challenge
The Good (Great)
January 14, 2009
The Good (Great) 2008
January 14, 2009
The Good (Great) 2008
January 14, 2009
The Good (Great) 2008
January 14, 2009
The New “Challenge” (2020 Plan) Requires Us
Keep momentum
Keep moving forward
While dealing with
Bad and Ugly!
January 14, 2009
The Bad
44 States Face Budget Shortfalls
SOURCE: Center on Budget and Policy Priorities 12/23/08
January 14, 2009
The Bad
Employment in Kentucky Has Dropped Since September 2008(Nonfarm employment in thousands)
January 14, 2009
Jan. 20001,814.8
Jan. 20061,839.8
Nov. 20081,857.4
The Bad
Manufacturing Employment in Kentucky Has Dropped Since 2000(Manufacturing employment in thousands)
January 14, 2009
The Bad
Education and Health Services Employment
Has Grown Equaling Manufacturing
January 14, 2009
And Now the Ugly (Real Ugly)
January 14, 2009
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 problematic
January 14, 2009
Impact of Budget Cuts and Threats They Create
Will reduce graduation and retention rates Admissions Office – threatens attraction of quality new and
transfer students Slows recruiting in state, especially among neediest Limited or reduced need and merit based aid Increased tuition and other student fees Reduced overall student services Reduced funding support to recognized student organizations Delayed renovation and/or construction of student housing
January 14, 2009
Impact of Budget Cuts and Threats They Create
Reserves are dangerously low Increasingly dependent on sources of one-time money for long-
term needs Operating expenses based on increased tuition and deferred
maintenance Faculty/teacher ratios continue to rise, threatening future quality
of programs Losing ability to attract and retain talented faculty
January 14, 2009
Impact of Budget Cuts and Threats They Create
Postponed hiring research faculty positions
Implemented research faculty hiring freeze
Reduced research budget
Severely impacts the growth of the research mission
January 14, 2009
Impact of Budget Cuts and Threats They Create
Less economic development
Fewer business start-ups
Inhibits reaching 2020 goals of $400 million in sponsored research activity
Slows progress toward key achievements such as National Cancer Institute (NCI) designation
January 14, 2009
2009 Session – UofL Priorities
New revenue Retain Bucks for Brains Translational research funds Approve construction of classroom buildings
Student recruitment Revenue generation Construction jobs
Provide maintenance and operation funds Don’t tie hands on tuition
January 14, 2009
Cancer Center Gift Announcement
January 14, 2009
The Carnegie Foundation
January 14, 2009
Carnegie Foundation for the Advancement of Teaching’s highest ranking in community engagement:
Recognizes schools that have addressed community-identified needs, deepened students’ civic and academic learning and enhanced the well-being of the community
One of three Kentucky schools to receive the highest ranking in 2008 (Berea, EKU)
Eight for Eight
InstitutionObjectives Showing
Continuous ProgressTotal Objectives
Evaluated
University of Louisville 8 8
Eastern Kentucky University 6 8
Kentucky State University 4 7
Morehead State University 4 8
Murray State University 6 8
Northern Kentucky University 6 8
University of Kentucky 7 8
Western Kentucky University 6 8
January 14, 2009
Ribbon Cutting – Shelby Campus
January 14, 2009
McConnell/Chao
January 14, 2009
Weekend College – Naples, Florida
January 14, 2009
Upcoming Events
Kentucky Author Forum Malcolm Gladwell Jan. 22
(sold out) Michael Kinsley Jan. 29 Elizabeth Gilbert Feb. 26
Press conference with Governor Jan. 26 Press conference School of Public Health Jan. 29 CPE visit Jan. 29
GLI higher education luncheon TBD Frankfort student rally Feb. 3
January 14, 2009