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President’s Update – Board of Trustees
April 2, 2009
How ‘bout those Cards!• Women – Big East Runner up
– Big East Tourney Runner Up– NCAA #3 seed– #5 in Nation Final Poll – Final Four!
• Men – Big East Champs– Big East Tourney Champs– NCAA overall #1 seed– #1 in Nation Final Poll– Elite Eight
• Track – D’Anna McCarty NCAA Champ!
• Other
Welcome
• “On the road again…”• Creation of Arts and Culture Partnership• Stroke Center Announcement• Partnership with J.B. Atkinson School• Grawemeyer Awards
Since we last met - Celebrations
President’s Report – Arts and Culture Partnership
President’s Report – Stroke Center Announcement
President’s Report – J. B. Atkinson School
President’s Report – Grawemeyer Awards
Since we last met• Kentucky Economy– Situation worsened – BLS data revisions
1,750
1,775
1,800
1,825
1,850
1,875
1,900
Kentucky lost 55,000 jobs in the last year(Nonfarm employment in thousands)
-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%0.5%1.0%1.5%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec JanKY Old KY Revised
Revised data for KY shows that the situation is worse than we thoughtNonfarm Employment: Percent Change from a Year Ago
• Frankfort– Budget FY09 – (2%) – (don’t forget the 6% cut)– Budget FY10 - ???• Assumptions• Tuition• Meal Plan
• D.C.– Earmarks FY09– Stimulus FY10/FY11
Since we last met
Since we last metStimulus FY10/FY11
Competitively Determined
NIH DOE NSF Other
State 3b
1bMedicaid
1b Education
Designated $350 mm
K-12 Higher Ed
$550 mm
1b Other
Focus Going Forward
• End of semester• Rebuilding Neurosurgery• Budget/Budget/Budget• Searches• Continue Strategic Focus (JRR)
– TIF/HSC• $200m Threshold• Financing
– Clinical activities• ULH• Faculty clinicians
– Shelbyhurst– Continue commitment to undergraduate excellence– Culture