Budget Update Town Hall June 8, 2011

1. Budget UpdateTown HallJune 8, 2011

2. What We Will Cover Today • Review of NSHE budget cuts and UNLV share • Net Cut after tuition increase and other factors • Cut distribution by VP areas • Academic cuts and impacts by unit • Stadium Project

3. NSHE GF Cuts by Institution

4. UNLV Net Cuts

5. Cuts by VP Areas

6. Academic Cuts, Administrative Proposal

7. Other Factors • Salary will be cut by 2.5% for all employees, and there will a 2.3% salary reduction from 6 furlough days • 48 TVSIPS, for a total of $6.34M in salary and benefits, but we will need to rehire faculty in critical areas • 13/13 tuition increase, would reduce cuts by another $8M net to be distributed strategically • Enrollment is still critical • We need about $15M in bridge funding, which may be obtained from modifying payroll dates in June and July • Our PT budget was generated from vacant lines, eliminating them creates a shortfall • The budget reduction plan, program eliminations and potential reorganizations will be consulted via the Academic Council, Cabinet, Faculty Advisory Committee and the Faculty Senate PNPC • Handgun bill did not pass, smoking bill didn’t pass, higher education flexibility bill did not pass, sick and annual leave reductions did not pass • Formula study will be done in intersession • New hires as of Jan. 31st will not receive retirement subsidy for health care