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Faculty Senate 14 Jan 2009 Financial Status Report. General Conditions Debt Liquidity Endowment FY09 Budget FY10 Budget Capital Renewal Plan. We are faced with the Perfect Financial Storm:. No part of the balance sheet is immune Institutional liquidity is strained
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Faculty Senate14 Jan 2009Financial Status Report • General Conditions • Debt • Liquidity • Endowment • FY09 Budget • FY10 Budget • Capital Renewal Plan
We are faced with the Perfect Financial Storm: • No part of the balance sheet is immune • Institutional liquidity is strained • Endowments face unprecedented decline • Credit market contractions compromise debt strategies
We are faced with the Perfect Financial Storm: • States are reducing in-year and multi-year budgets • Fundraising support is in precipitous decline • Endowments see an unprecedented drop • There is a real decline in research funding