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President, Provost and Dean’s meeting

President, Provost and Dean’s meeting. May 27, 2009. A Challenging Year. “It was the best of times, it was the worst of times. “ - Charles Dickens CEHD Neurosurgery Economy/Budget. We know that nationally times have been unprecedented. US Monthly Job Loss.

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President, Provost and Dean’s meeting

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  1. President, Provost and Dean’s meeting May 27, 2009

  2. A Challenging Year “It was the best of times, it was the worst of times. “ - Charles Dickens • CEHD • Neurosurgery • Economy/Budget

  3. We know that nationally times have been unprecedented

  4. US Monthly Job Loss

  5. 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

  6. Loss of Manufacturing Jobsin KY Continues to be a Major Concern 308.3 Jan. 1999 212.7 (p) Apr. 2009 p: preliminary

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

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

  9. Our 7 Strategies to Achieve Mandates Given Fiscal Environment • Reengineer • Underperforming strategies • Fundraising • Clinical Income • PPP • University of Louisville Hospital • Partnerships • Contract research/commercializing • Being creative (e.g. TIF)

  10. Examples • $100 million in cuts, savings & efforts to find money to move forward • Refinanced debt • Self-funded health insurance • Power-down vending machines

  11. To offset cuts… • Leased internet space • Dataseam

  12. Dataseam - to offset cuts

  13. Investing in quality at U of L $93,000,000 Alumni giving fiscal year goal increase 17%

  14. Enhanced food service Partnership Student Housing – The Province Siemens Energy Audit

  15. Building Clinical Income Outpatient Center

  16. Challenges Remain, But we’ve made progress…

  17. Our Students • Freshman class average ACT – 24.4 • State avg. – 20.8 • National avg. – 21.2

  18. U of L Graduates • 2,396 degrees awarded on May 9th • 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

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

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

  21. Economic Development for the Community New arena and other construction projects Louisville Arena ShelbyHurst Haymarket

  22. Since we last met • Frankfort • Budget FY10 - ??? • CFG this week • Stimulus FY10/FY11

  23. Since we last met

  24. Thank you for your leadership!

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