President Lord announces framework for fiscal year 2011 budgeting:
Charges members of senior staff with developing budget proposals that cut 5%, 10% and 15% from the FY 2010 baseline budget.
Charges the University Budget Committee (UBC) with establishing broad, institution-wide principles for reviewing budget proposals that are submitted and developing a recommendation to senior staff and the president.
Charges Sue Evans and Stuart Sigman with leadership of the budgeting initiative.
Creates the Budget Resource Group (BRG) and charges it with modeling various options for academic and administrative savings through departmental restructuring, reductions in operations, reductions in workforce, etc. The BRG provides information and perspective to the UBC.
Communicates to entire Naropa community through an email message expressing the need for Naropa University to trim $1.2M.
Tuesday, December 8, 2009
Leadership team meets with senior staff to establish timeline for submission of FY 2011 budgets.
Friday, December 11, 2009
Leadership team establishes a template for the submission of FY 2011 budget proposals, including a summary sheet that compares baseline budgets with 5%, 10% and 15% reductions.
Week of December 7, 2009
Leadership team meets with UBC in order to jointly:
Establish list of data, modeling, etc., to be requested of the BRG.
Establish timeline for receipt of senior staff budget proposals and making final recommendation back to senior staff and president about the university budget as
a whole.
Establish communication mechanism to wider Naropa community.
