Budgetary concerns should support development of the strategic plan, but it should not be the driving force of criteria for establishing goals or objectives for programs. University needs to consider where it can save money by implementing better business practices. Overview of Provost s budget Cathy Corder presented an overview of the Provost s budget and demonstrated how additions and reductions in individual colleges impact the overall budget. Discussion followed the presentation. The following data, and opinions were presented.
Revenue comes from tuition, state, research grants and donations.
Reserves are limited. There is the possibility for an infusion of some funds from the President to support some programming decisions. Budget must be considered in the strategic plan decision-making process for most decisions. Otherwise, the strategic plan is not likely to come to fruition. Group needs to consider the maximum number of students that it can provide a student-centered research university experience.