Provost Update

Provost’s Update on the Budget As we all know, the past year has been difficult for UCF and all state universities. State-mandated budget reductions have impacted every aspect of how we teach students, conduct research, and operate our university. During these difficult times, UCF’s faculty and staff members have made tremendous efforts to maintain our level of excellence, and, clearly,…

Provost’s Update on the Budget The results of the March Revenue Estimating Conference foretell significant budget cuts for the next fiscal year. During a recent conference call, Chancellor Rosenberg warned university presidents to prepare for FY08-09 budget cuts of up to 10%. Earlier this spring, the University Budget Planning Committee reduced FY08-09 budget allocations by…

Provost’s Update on the Budget Given the news coverage of last week’s Board of Governor’s meeting, I know there is concern about the financial status of the State University System, as well as about the possibility of layoffs. Layoffs have occurred at one state university, and officials at others have indicated that layoffs could occur…

Provost’s Update on the Budget This year’s budget situation continues to change, making it particularly challenging to understand and explain. Since it is important that you and your colleagues remain informed about our constantly evolving fiscal environment and the associated financial implications, I will do my best to provide the information needed to understand where…

Provost’s Update on the Budget The dust has now settled regarding UCF’s 2007-08 state budget allocation. As I explained in the last Provost’s Update, the budgets for the university’s colleges and administrative units were reduced by approximately $12 million in response to a mandate to reduce all state agency budgets by 4 percent. Given growing concerns…

Provost’s Update on Budget Cuts I was finalizing this update when the Orlando Sentinel printed a front-page story titled “Florida faces worst budget woes since 9-11” (Sunday, August 5). The article makes clear the challenges we face. The report of the August 1, 2007, Revenue Estimating Conference for General Fund Revenue confirmed what had been anticipated…