KENTUCKY STATE UNIVERSITY BOARD OF REGENTS Resolution APPROVAL OF BUDGET ADJUSTMENT AND REDUCTION IN FORCE

WHEREAS, the Commonwealth of Kentucky and its constituent agencies must operate such that expenditures not exceed revenues for any given fiscal year; and

WHEREAS, Kentucky State University is a constituent agency of the Commonwealth chartered in 1886 for the public purpose of providing postsecondary access; and

WHEREAS, the declaration of a global coronavirus (COVID-19) pandemic on March 3, 2020 has resulted in a general recession within the national economy and has concomitantly caused a decline in state revenue; and

WHEREAS, the General Assembly of the Commonwealth of Kentucky deferred the passage of a biennial budget electing to make only a one-year fiscal allocation; and

WHEREAS, Kentucky State University (KSU) was advised by the Commonwealth Budget Director that 1% of “each institution’s regular appropriation plus any performance distribution and the current year appropriation for KSU’s land grant match” must be returned within seven days; and

WHEREAS, the continuing global pandemic threatens to cause a substantial reduction in state resources available for the 2020-21 fiscal period and portends a likelihood of further mid-year reductions; and

WHEREAS, the campus response to COVID-19 required unbudgeted expenditures to procure personal protective equipment for campus workers (and potential returning students) and the need to refund in cash or credits a prorated portion of auxiliary revenues to students previously residing in campus housing or with meal plans; and

WHEREAS, Kentucky State University has experienced other losses of income, including revenues associated with auxiliaries, grants management, and the collection of final student balances via monthly payments; and

WHEREAS, Kentucky State University extended extraordinary liberal leave hours to support the necessary campus-wide transitions to telecommuting and online instructional delivery in response to COVID-19;