Institutional Sustainability Task Force Update
In the course of identifying opportunities to reduce the deficit, the Institutional Sustainability Task Force has engaged with key stakeholders to gather input to ensure our recommendations align with the university’s strategic vision. We are pleased to report that we are making good progress toward developing specific recommendations as well as an implementation framework to guide the consideration of those recommendations
The task force members have been fully engaged in this process and are committed to finding ways to invest in our future by generating new revenue opportunities and reducing expenses. To date, we have met as a whole committee six times to review and discuss:
- The historical deficit.
- Financial statements.
- Enrollment projections.
- Athletics.
- Funding opportunities through the Advancement Office.
We have also established subcommittees, and members are conducting additional meetings with key stakeholders to gather input for a deeper review of specific areas. These include:
- The academics and administrative structures subcommittee.
- The athletics subcommittee.
- The internships subcommittee.
In our next meetings, we plan to discuss our current facilities and reports from the various subcommittees to get us closer to making targeted recommendations and an implementation plan to the Board of Trustees and the President.
Our timeline is tight, and the work ahead of the task force is significant. The work continues, and while we strive to make targeted recommendations by the March deadline, we anticipate that those recommendations will include additional timelines, resource requirements and key milestones that will extend over the course of several years.
Our sincere gratitude to all who have dedicated time and energy to this effort.
Submitted by: The Institutional Sustainability Task Force
