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                    "text": "Regent Jantzen asked when layoffs would begin and President Brown replied that as of his last conversation, the layoffs should begin by May 15th. Regent Jantzen also inquired about the University's investment portfolio and President Brown stated that we are facing a loss of $108,801.76 due to stock market declines.",
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                    "text": "Regent Moffett inquired about the areas referenced in the chart on page seven of Thorobred Strong, such as administrative services and managerial costs. President Brown stated administrative services is primarily finance and auxiliary services and managerial refers to the President and Vice Presidents and includes all of the budget categories. Regent Moffett then asked about the rationale between the different levels of cuts and President Brown stated that a flat cut across the Board would be disproportionate and that a lion share of the cuts would be borne by central administration. Regent Moffett commented about unexpected expenditures and asked how KSU would make up the difference. President Brown stated that as of the March meeting, KSU was only $16,000 over budget and if the University had been able to stick to the pace of the budget at that time, it would have been possible to end the fiscal year three million dollars to the positive.",
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                    "text": "Regent Reddy asked who was making the decisions about the cuts and President Brown stated that campus management was making the decisions.",
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                    "text": "Regent Reynolds asked about the letters from the State Budget Office and CPE which he believes outlines the challenges facing KSU. President Brown stated that the State Budget Office's directive to return one percent of appropriations is in effect a twelve and one half percent annual cut. Essentially, KSU is giving back one years' worth of money in one month.",
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            "text": "Regent Reynolds then asked if there was an update on facilities, specifically whether KSU is prepared to bring students back if possible. President Brown stated that the problems with facilities are two pronged: KSU needs a plan for students to vacate the residence halls which has already been submitted and the ability to clean and sanitize for two thousand students upon return. While KSU is putting forth its best effort, it is nowhere near being able to open."
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            "text": "J. Chairperson Farris asked how long discretionary funding will be suspended and President Brown replied that it will remain suspended until June 30th and the Board would approve the budget for the new fiscal year. She also asked about the vacancy management process and President Brown explained that it is the process for hiring."
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            "text": "Chairperson Farris concluded by stating that she hoped that all of the Regents' questions were all answered."
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