WHEREAS, the University Faculty Committee on Budgets and Financial Planning鈥檚 March 14 report concludes that the reduction of the operating budget鈥檚 Contingency Fund from $10 million to $5 million was a significant factor contributing to 天美传媒鈥檚 inability to manage the FY24 budget shortfall without making significant budget cuts. Now therefore:
BE IT RESOLVED, that the University Academic Senate directs the University Faculty Committee on Budgets and Financial Planning to work with the Office of Finance to assess the appropriate level for the Contingency Fund and the steps necessary to reach that level and provide a report of these proceedings by the first UAS meeting of the 2024鈥�2025 Academic Year.
Adopted by University Academic Senate on April 15, 2024
