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Kentucky State University faces significant challenges financially and academically. Financially, the current fiscal year operating budget has a deficit of approximately $7 Million. Academically, the institution's enrollment, retention and graduation rates are at unacceptable levels. All the financial and academic problems must be addressed while continuing to run and operate the institution. Increased enrollment in the short term will help to cure some ills but that cannot happen soon enough to relieve the deficit spending. Getting the faculty complement to be congruent with the level of enrollment must occur but cannot occur soon enough given that over 60% of the faculty at KSU is tenured. (In some cases individuals without terminal degrees were granted tenure and some others who hold tenure are in areas for which there are no programmatic needs.) Thus, the institution is left to do budget reductions through curtailing expenditures and the elimination of positions. Suggestions of across-the-board salary and pay reductions as well as furloughs have not been received as the way to proceed. What follows is a budget reduction plan which helps to reduce the deficit but does not get KSU to a balanced budget. These recommendations are to be enacted and taken while other actions and approaches are studied further. What is presented is a working budget plan which will be updated as additional actions are evaluated and approved by the Board on recommendation of the President.

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