Why will more positions be cut in FY11 than in FY10?
Last year the University took a number of steps to reduce projected expenditures by $30M in order to minimize the number of positions that needed to be eliminated. These steps included delaying capital projects until full funding is obtained; deferring other capital projects permanently or indefinitely; freezing staff and faculty salaries for FY10; instituting a hiring pause and a Vacancy Review Committee to capture savings through vacant positions; and reducing operating expenses, including through the renegotiation of contracts for big ticket items such as utilities. Most of these initiatives resulted in dramatic deficit reductions that cannot be duplicated this year or in the years ahead. Since we still need to reduce projected expenditures by an additional $60M by FY14, we must now consider other opportunities for deficit reductions such as the elimination of a greater number of staff positions in FY11.
