General Guidelines Related to Budget Reduction Efforts for Fiscal Year 2013–14

Posted on 4/8/2013 4:38:07 PM

IUP remains committed to maintaining a balanced operating budget and appropriate levels of reserves as dictated by the PASSHE Board of Governors and IUP Council of Trustees.

Planning for the most likely scenario for Fiscal Year 2013–14 shows a projected shortfall of $5.78 million.

President Michael Driscoll's cabinet has identified central savings and new revenue for $1.80 million, reducing the shortfall to $3.97 million. Permanent budget reductions totaling this amount must be identified within the next 45 days.

President Driscoll is relying on the leadership and expertise of his vice presidents in determining budget reductions, and has provided them with a set of general strategic criteria to guide their choices.