What measures is the college taking to achieve necessary savings in the 2010/11 budget, to be approved by the Board of Trustees in February 2010?
The plans to reduce spending in order to achieve a budget for 2010/11 that brings us closer to a sustainable endowment draw include the following: • We have instituted retirement incentives for staff, administrators, and faculty. Through restructuring and identifying work that can be streamlined, automated, or even eliminated, we are planning for minimal replacement of voluntary retirements. • We have been working since February 2009 on ways to reduce the faculty and non-faculty salary budget by about 13 faculty positions and 60 non-faculty positions, including positions vacated by retirements or resignations that do not need to be filled. • We will continue to review all positions that become vacant and only fill those that are deemed necessary; we will try to fill those positions from current staff, creating vacancies elsewhere that may not need to be filled; and there will be a number of positions that are currently filled that will be eliminated. • Senior officers, directors, offic
