Budget Update FY 2014
|To:||The York College Community|
|From:||Marcia V. Keizs, President|
|Date:||December 19, 2013|
|Subject:||Budget Update to the York College Community|
I am writing to keep you informed of the current state of the College's budget for the 2013-2014 fiscal year (FY '14) and as a follow up to the information I have been providing to you over the last few years.
Vice President Ronald Thomas reported to the College Senate, College P&B, and other groups, and I am now reporting more broadly that after weeks of consultation and negotiation with the University Budget Office, York College's FY '14 Financial Plan was approved in mid November. The plan reflects a balanced budget in this and the next two fiscal years, as well as the mandated 1% budget reserve in each of those fiscal years. It also includes enrollment and revenue goals and outlines a plan for our Compact Investments.
Thus effective immediately, the College has been approved to begin hiring across various titles on a declining scale with new hires front-loaded in 2013-2014, with no hiring in 2014-2015, except for Compact hiring and replacements, and with a resumption of new hiring in 2015-2016. Immediately, hiring investments will include sixty new/replacement positions: twenty full-time faculty and the remaining lines will be HEOs, CLTs, custodians, peace officers, CUNY Office Assistants, and so on. The vice-presidents, deans, chairs, and managers have been authorized to begin working with the Office of Human Resources to launch the searches needed.
As we close out our calendar year and look to next year, the College will continue to monitor the best practice procedures that have brought us to this good outcome. This includes achieving our target enrollment and revenue goals as well as controlling our expenditures. Although headcount is down by 1.6% this fall and FTE is also down by 2.3%, these factors are mitigated slightly by increased tuition.
I am encouraged by the progress we have made in controlling our expenditures and by our plan to continue to balance our budget and maintain a reserve. Achieving this progress has meant gaining the cooperation of all sectors of the college: students, faculty, staff, and administration. As we recruit new human capital to the College, we look for the same cooperation from the various sectors.
I am glad that I can report this good news at this time and I look forward to your cooperation in helping us achieve our academic, enrollment, and budget goals. Thank you all for your dedication, commitment and cooperation.