March 1, 2011
This is a very busy time for everyone at Meredith as we race toward Spring Break. I would like to update the community on a few issues.
The 2011-12 Budget
March is still very early in the budget process for us and we have many variables that the budget teams are examining, including:
Our highest priority for new resources continues to be faculty and staff salaries.
Second Quarter Budget Update
Steve Walters and the teams he works with have completed our second quarter review. The 2010-11 budget looks quite good with an uptick in revenue. At the end of 2nd quarter Steve is projecting that we will be over $900,000 ahead in revenues over expenses. Some of this comes from almost $350,000 in onetime unrestricted gifts to the college – but even with that excluded, our revenues are almost $600,000 ahead of our expenses.
I thank budget managers for their hard work to date and encourage them to continue to carefully monitor expenses throughout the fiscal year.
The Strategic Plan
The Strategic Planning Committee continues to meet weekly. The past few weeks the committee has:
As the committee assimilates the results of these discussions, we will plan additional input sessions from the community.
I appreciate the work of so many Meredith faculty, staff and students on these efforts and I will continue to report back to the community on our progress.
Have you presented research or attended a professional meeting recently? Has your department earned an award? Share news of these accomplishments and more with the Meredith community. Faculty and staff are invited to email items to Melyssa Allen, “Campus Connections” editor, at firstname.lastname@example.org.