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News: Budget

President Outlines Multiyear Approach for Balancing IUP’s General Fund Budget

After consultation with the University Budget Advisory Committee, President Michael Driscoll provides an update on the university’s budget planning, including a proposed three-pronged approach for long-term financial stability.

Posted on 5/8/2014 1:54:30 PM

General Guidelines Related to Budget Reduction Efforts for Fiscal Year 2014–15

Planning for the most likely scenario for fiscal year 2014–15 shows a projected shortfall of $2.561 million IUP will use one-time central savings to cover $1.281 million, reducing the shortfall to $1.280 million. Permanent budget reductions totaling this amount must be identified within the next 60 days.

Posted on 3/5/2014 10:24:30 AM

2013–2014 IUP Operating Budget Is Balanced

Since my last update to you on August 5, we have adjusted the current fiscal year’s operating budget and are actively engaged in addressing budget challenges for future years.

Posted on 11/15/2013 10:36:42 AM

President Updates 2013–14 Budget Information

Since my message of May 29, 2013, about IUP’s 2013–14 budget, we have information about our budget assumptions and a plan to move forward.

Posted on 8/5/2013 3:51:37 PM

Budget Reductions for Fiscal Year 2013–14

To meet a $5.786 million projected shortfall for fiscal year 2013–14, central budget reductions were made, new revenue identified, and each vice president and the Office of the President have worked to identify $3.987 million in budget reductions. These cuts do not include any active employee reductions and will not change our primary mission of service to our students.

Posted on 5/29/2013 9:13:49 AM

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