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Weekend College 2009 Dallas, Texas

Weekend College 2009 Dallas, Texas. August 1, 2009. Thank you Mitch and David and Keith We were warned…. Home of 2,396 alums, 97 students in 2008 and 3 incoming Freshmen this fall. “It was the best of times, It was the worst of times.” - Charles Dickens.

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Weekend College 2009 Dallas, Texas

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  1. Weekend College 2009 Dallas, Texas August 1, 2009

  2. Thank you Mitch and David and Keith We were warned…

  3. Home of 2,396 alums, 97 students in 2008 and 3 incoming Freshmen this fall

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

  5. We know that nationally times have been unprecedented… GDP Declines During Postwar Recessions (peak-to-trough percent change; date is year of peak quarter)

  6. And Kentucky has not been immune to those impacts (Nonfarm employment in thousands) Dec. 2007 1,871.9 Oct. 2000 1,833.6 Jun. 2009 1,774.2 (p) Jun. 2003 1,777.6 p: preliminary

  7. Kentucky Economy: • “The Biggest Problem We Face” Manufacturing employment in thousands Jan. 1999 308.3 Jun. 2009 207.0 (p) p: preliminary

  8. There are challenges Kentucky Employment Losses State Individual Income Tax/Sales Tax Cuts/Cuts/Cuts 9 for 9

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

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

  11. 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

  12. 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)

  13. And so… • $105 million in cuts, savings and efforts to find money to move forward • Big things • Refinanced debt • Self-funded health insurance • Little things • Washing windows • Power-down vending machines

  14. Dataseam – avoiding new costs Note: Three cancer drugs in clinical trials

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

  16. Ramping up Giving $95,000,000 $86,571,870 $64,476,596 $61,511,069 $51,367,489 $42, 434,018 $36,382,594 $42,382,805

  17. Building Clinical Income Outpatient Center

  18. And we are making progress…

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

  20. U of L Graduates • 1998 – 1,734 degrees awarded • 2009 – 2,428 degrees awarded • Up 39% (694 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

  21. Making Kentucky a better place Research Funding and NIH Funding Total grants for 1997 – 2009 - $140 M

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

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

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

  25. And finally! How ‘bout those Cards! Men’s Sports Basketball – Big East Champs Big East Tourney Champs NCAA overall #1 seed #1 in Nation Final Poll Elite Eight #5 in Nation Golf – Top 25 Tennis – Top 25 Track – Big East runner up Women’s Sports Basketball – Big East Runner up Big East Tourney Runner Up NCAA #3 seed Final Four! National Runner Ups! #2 in nation Track – D’Anna McCarty NCAA Champ! Softball – Top 25 Golf – Top 15 Track – Big East Champions!

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