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Faculty Meeting

Faculty Meeting. February 20, 2003 President’s Report. Agenda. Update of ESF’s 2002-03 Operating Plan FY 2003-04 Budget Forecast ESF’s FY 2003 Federal Appropriations. Recap of ESF’s 2002-03 Operating Plan. Began fiscal year with $1,620,000 gap between anticipated revenue and expenses.

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Faculty Meeting

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  1. Faculty Meeting February 20, 2003 President’s Report

  2. Agenda • Update of ESF’s 2002-03 Operating Plan • FY 2003-04 Budget Forecast • ESF’s FY 2003 Federal Appropriations

  3. Recap of ESF’s 2002-03 Operating Plan Began fiscal year with $1,620,000 gap between anticipated revenue and expenses

  4. Recap of ESF’s 2002-03 Operating Plan Took variety of actions to reduce operating expenses, including: • Cutting budgets for supplies, equipment, library acquisitions, utilities, temporary appointments and overtime • Approving participation in Retirement Incentive Program • Holding net usage of Accessory Instruction to 6,000 credit hours

  5. Recap of ESF’s 2002-03 Operating Plan Total expense reductions resulting from campus actions: $865,000 Total shortfall $1,620,000 Expense reductions 865,000 Remainder to be covered by $755,000 reserves

  6. Update of 2002-03 Operating Plan In December 2002, SUNY campuses were asked to submit plans to address a mid-year reduction in State support. Estimate of reduction in revenue for ESF: $514,000

  7. Update of 2002-03 Operating Plan Plans to address $514,000 mid-year revenue reduction included: • Additional reductions in some operating budgets • Additional salary savings from retirements • Reducing planned Accessory Instruction usage to 5,400 credit hours • Additional use of “reserves” to close the gap

  8. Update of 2002-03 Operating Plan In mid-January 2003, SUNY’s mid-year reduction was finalized Impact on ESF – The additional reduction in revenue will be $210,000, not $514,000

  9. Update of 2002-03 Operating Plan • All additional expense reductions approved in December will still occur • Fewer “reserves” will have to be spent to cover 2002-03 operating expenses Plans to address revised mid-year revenue reduction:

  10. 2002 Retirement Incentive Resulted in 15 retirements: • Faculty – 3 • Management and professional staff – 6 • Classified support staff – 6

  11. 2002 Retirement Incentive • Although a small number of replacement positions have been approved, the majority of the positions vacated by retirements will be held open • Management plan has been developed to cover necessary work • Some temporary appointments will be made

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