| DATE: | September 5, 2019 |
|---|---|
| SUBJECT: | Quarterly Budget Update |
| FROM: | Finance and Administration |
| ACTION ITEM: | NO |
BACKGROUND: The Board of Regents approved the FY2019 budget on June 6, 2018.
SUMMARY OF PROGRAMS/ACTIVITIES:
Educational and operational functions are identified by functional classifications that include Instruction, Research, Public Service, Academic Support, Student Services, Institutional Support, Operations of Facilities, and Auxiliaries.
Goal [1] Enhance Student Enrollment, Improve Student Life and Engagement, and Improve Student Advising and Career Development.
Goal [2] Achieve Academic Excellence Across all Programs and Colleges, Increase Student General Education Skills, Degree Persistence, Career Readiness and Graduation Rates.
Goal [3] Increase the University's Financial Strength and Operational Efficiency.
Goal [4] Enhance the Impact of External Relations and Development.
Goal [5] Obtain Maximum Institutional Effectiveness through the Implementation of a Continuous Quality Improvement Process framed within the seven Baldrige Performance Excellence in Education criteria.
COMMITTEE/PROGRAM ACTION: Not Applicable
PROGRAM IMPLICATIONS: Not Applicable
FISCAL IMPLICATIONS: The University incurred several unbudgeted expenses during FY2019.