At the time the President's recommendation and FEAC report are submitted to the Board, these documents (redacting any confidential personnel or proprietary information as necessary and permitted by law) shall be made available to the KSU community.
Board of Regents Deliberation and Declaration:
If the Board of Regents chose to receive input from KSU's administrators, faculty, staff, and students, it shall review the President's recommendation, the FEAC's report, and any other relevant material in a timely manner.
The Board's deliberations on whether to declare financial exigency shall occur during an open meeting, and any final vote on a declaration of financial exigency must be taken in an open session.
A declaration of financial exigency shall be effective upon the formal vote of the Board and shall include a statement of the basis for the declaration. This declaration will be communicated promptly to the KSU community.
If the Board declares financial exigency, it shall charge the President with developing and implementing a financial exigency plan.
Implementation of a Financial Exigency Plan
Upon the Board's declaration of financial exigency, the President is responsible for the development of a detailed financial exigency plan. This plan shall be developed in consultation with the President's Cabinet, and/or a dedicated ad hoc committee appointed by the President for this purpose. If an ad hoc committee is used, its composition should aim to include representation from administration, faculty, and staff.
• Principles Guiding Plan Development:
The primary goal is to alleviate the financial exigency, restore financial stability, and ensure KSU's long-term viability while preserving KSU's core educational mission to the greatest extent possible.
The plan must be implemented in a fair, equitable, and transparent manner, consistent with KSU policies and values.
Decisions regarding reductions or eliminations should be data-informed, strategically aligned, and they must consider the impact on students, academic programs, and essential support services.
• Content of the Financial Exigency Plan:
The plan must include, but not be limited to:
A summary of the actions that led to the declaration of financial exigency.
Specific actions to be taken to address the financial crisis (e.g., programmatic changes, personnel reductions, operational adjustments).