Budget Update

From: MARCIA V. KEIZS, PRESIDENT
September 20, 2011
I am writing once again to keep you informed of the current state of the York College Budget and as a follow up to the information I have been providing to you during the academic year 2010-2011. It is my expectation that I will continue to update you as there are significant new developments, but at a minimum once per semester and again at the end of the fiscal year.

You may have heard news that in spring 2011, Governor Cuomo and the legislators in Albany, in passing a budget for New York State, also gave the CUNY Board of Trustees, the authority to raise tuition by $300 annually over the next five years. This authority was then acted on by the Trustees in August. Tuition increases are effective immediately and students have been duly notified.

Those of you who have been following such matters, know that for some years, CUNY's Chancellor Matthew Goldstein has been advocating under the rubric of the COMPACT, a three fold funding support model based on affordable, predictable annual increases in tuition; maintenance of efforts on the part of the State; and fundraising on the part of each CUNY college. The rationale for such a three part approach is to enhance the value experience of students by enabling colleges to make needed investments in faculty, student support, technology, and areas of safety and security. Among public institutions, CUNY still ranks as the most affordable when compared with similar systems: SUNY, Maryland, New Jersey, California and others.

At York, as we look to the future, it is our expectation that the academic year 2012-2013 will bring us welcome relief (enrollment and revenue targets being met).

But the current year, 2011-2012, still presents us with some fiscal challenges. Utilizing prudent budget management, we have established three cornerstone financial goals:

  1. Meet our enrollment targets for freshman, transfers and continuing students;
  2. Meet our targeted revenue collection; and
  3. Establish a reserve of $500,000.

Thus, in order to close the 2011-2012 academic year on June 30, 2012 in good financial standing, we will continue for the foreseeable future all of the best practices we established in June of 2010. This will include exercising strict controls over appointments to Temporary Service positions, adjuncts and non-teaching adjunct positions, as well as deferring replacement of many of the ERI and other positions that were vacated earlier this year. OTPS expenditures also will be monitored closely to ensure that they remain within their allocated budgets. The Vice Presidents, Provost, Deans, Chairs, Directors and Unit Heads have been provided operating guidelines, and I ask that you as a member of the college community, cooperate fully in the implementation of those guidelines. Should you have any questions or would like to make a suggestion regarding any of the above, please address them to me at president@york.cuny.edu.

As president, I will continue to do everything I can within the existing limitations to preserve the strength and quality of our academic programs and related services.