Greetings all,

As I indicated in my e-mail last week, I will be providing regular budget updates. Here is what has transpired since last week. The first meeting of the Budget Development Steering Team has been scheduled and they will meet soon to bring forth recommendations to address the known budget reductions for fiscal years 2009 and 2010.
Because the College must manage over $470,000 in budget reductions this year ($300,000 – 1% reduction and $170,000 FTSE decline give back), the following strategies have been put in place:

The college will reduce:

expenditures on official functions by 25%. This will yield an estimated savings of $28,000. VPs and Deans will manage reductions in this area.

expenditures on college travel by 25%. This will yield an estimated savings of $20,250. In addition, all professional development related travel must be funded out of professional growth funding. College funded travel from divisions, departments, and E & OLT must be pre-approved by the college president.

In preparation for the 2008 – 2009 academic year, the Budget Development Steering Team and college units have already reduced funding in temporary wages by over $100,000.

The President’s Leadership Team will immediately identify short and long term operational efficiencies drawing from recommendations made by the College Leadership Council. See the minutes for a listing of the recommendations http://www.pvc.maricopa.edu/clc

All currently open staff positions will be reviewed by the President’s Leadership Team to identify those that will not be filled on the short term.