Louisville Downtown Rotary Club “Opinion Leaders in our Community”

Louisville Downtown Rotary Club • “Opinion Leaders in our Community” May 28, 2009

Thank you for inviting me back!

“It was the best of times, It was the worst of times.” - Charles Dickens

We know that nationally times have been unprecedented

And Kentucky has not been immune to those impacts (Nonfarm employment in thousands) Jun. 2007 1,870.8 Oct. 2000 1,833.6 Apr 2009 1,788.4 (p.) Jun. 2003 1,777.6 p: preliminary Update as of Friday 5/22/09 Note: Kentucky employment today is the same as a decade ago

Of course… Employment Losses State Individual Income Tax/Sales Tax Cuts/Cuts/Cuts 9 for 9

Options • Throw in the towel – give up on mandates • Limp Along • Remain focused/committed and passionately • committed to our task

So while we all face challenges We will never lose sight of our mandates!

U of L to be Premier Nationally Recognized Metropolitan Research University Our Mandates 1997 Post Secondary Education Improvement Act 1996 Boyle Report 1998 – 2008 “Challenge for Excellence” “We met Challenge” 2020 Plan

Our 7 Strategies to Achieve Mandates Given Fiscal Environment • Reengineer operations • Convert underperforming assets to fully performing assets • Increase fundraising • Enhance clinical income (460 physicians) • PPP • University of Louisville Hospital • Develop partnerships • Improve contract research/commercializing • Being creative (e.g. TIF)

And so • $100 million in cuts, savings & efforts to find money to move forward • Big things • Refinanced debt • Self-funded health insurance • Little things • Washing windows • Power-down vending machines

Dataseam– avoiding new costs Note: Two cancer drugs in clinical trials

Enhanced food service Our Partnerships Student Housing – The Province Siemens Energy Audit

Ramping up “Giving” $93,000,000

Building Clinical Income Outpatient Center

While Big ChallengesRemain, We are making progress…

Our Students • Freshman class average ACT • 2008 – 24.4 • 1998 – 21.8 • State avg. – 20.8 • National avg. – 21.2

U of L Graduates • 1998 – 1,734 degrees awarded • 2009 – 2,396 degrees awarded • Up 38% (662 students) since beginning of reform • Graduation rates are up to 45.7% • 7 Fulbright Scholars in 2009 • First time more students from outside Jefferson County than inside

Making Kentucky a better place Research Funding and NIH Funding Total grants for 2009 - $102 M

Investing in quality at U of L The Conn Center for Renewable Energy Research and Environmental Stewardship

Community/Economic Development New arena and other construction projects Louisville Arena ShelbyHurst Haymarket

Economic Development for the Community – Our Tax Increment Financing District (TIF) Health Science Campus and Life Sciences Center • Over the next 30 years this economic development will yield: • 8,700+ jobs • $668M in payroll taxes

We have been and will be challenged, • but we are intensely focused! • We need your help! • 4 keys to Kentucky’s future • Education • Education • Education • Education

And finally! How ‘bout those Cards! Men’s Sports Golf – Top 25 Tennis – Top 25 Track – Big East runner up Baseball – Big East Champs! Swimming/Diving – 19th in nation Women’s Sports Softball – Top 25 Golf – Top 15 Track – Big East Champions! Field Hockey – 13th in nation Rowing – 18th in nation Swimming/Diving – top 25

Louisville Downtown Rotary Club “Opinion Leaders in our Community”