University of Vermont

Former President Daniel Mark Fogel

Budget Challenges for Fiscal-Year 2010 and Beyond

From: Daniel Mark Fogel

To: UVM Community

Date: November 10, 2008

Re: Budget Challenges for Fiscal-Year 2010 and Beyond

I am sending you a memo and spreadsheet outlining budget challenges we are now analyzing as we prepare the budget for the 2010 fiscal year. The memo is copied below in the body of this email, and both memo and spreadsheet are included in the attached file.

I discussed these materials today with the Executive Committee of the UVM Board of Trustees. Although the memo and spreadsheet include considerable detail, some of which may not interest everyone, I am sharing this information with you because I want to give everyone a sense of the magnitude and importance of the challenges we are facing. I also want to let everyone see the broad outline represented in the spreadsheet of the approach we are considering for reconciling the significant budget gap we currently project for FY 2010 using conservative assumptions about the rapidly changing economic landscape. The information contained in this message represents preliminary ideas and assumptions and, as such, is the first step in an extensive discussion that will culminate in approval by the Board of Trustees of the 2010 budget.

As always, your thoughts and perspectives are welcome as we move ahead. Thank you.

Economic Challenges and UVM Budget Planning (Memo to Executive Committee of the Board of Trustees, November 7, 2008)

Last modified November 23 2008 09:26 AM

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