Budget development guidelines
Hello, everyone.
I thought you might like to see the budget development guidelines that were sent to vice presidents and deans on January 9th.
You can also see income statements from the various colleges and a document detailing the right way to cut costs.
The governor’s recommended budget makes a worst case scenario less likely. It should be noted, however, that his budget depends on receiving more than $3 billion in federal stimulus funds; let’s hope that money is forthcoming. Also, the governor’s recommended budget must make it through the legislative process. A timeline of Ohio’s budget process can be found here or in the right-hand column of this page.
In the meantime, we will continue to implement strict position management control and continue the budget development process as designed. Like last year, the goal of the process is creative thinking and healthy dialogue.
There is no question that we will need to make adjustments—the question is how much and where. Also, it cannot be overemphasized that this is not an across-the-board cost reduction process. If anything, it is an across-the-board conversation that will result in revenue enhancements, strategic reallocation of funds, productivity improvements, and strategic cost reductions.
If we do this right, we will emerge stronger. Together we can do this.
Scott Scarborough
February 8th, 2009at 10:37 pm
[...] Scott Scarborough, UT’s vice president for finance and administration highlighted recently in his journal, Budget Exchange – designed to help remove any of the mystery from [...]